The Jebel Ali Free Zone, which runs the business district around Dubai's biggest port, "will likely struggle to refinance without some form of government support", S&P said.
The Jebel Ali Free Zone, which runs the business district around Dubai's biggest port, "will likely struggle to refinance without some form of government support", S&P said.

Jebel Ali Port: where the UAE meets the rest of the world



Jebel Ali would have remained what it was in 1971 - a small village servicing a minor oil well on an unbroken strip of desert beach - were it not for the intuitive commercial eye of Dubai's then Ruler, Sheikh Rashid bin Saeed.

40 years of the UAE:

Flying the flag The National counts down to the historic anniversary. Learn more

The story goes that Sheikh Rashid's advisers were astounded to hear of his plans to develop a deep sea port around the tiny, desert-wrapped urban enclave. It was too far from Dubai - about 30kilometres - it had no harbour, and it would take business away from the newly opened, and still under-used, Port Rashid, by the mouth of the Creek.

The advisers - mainly merchants based round the traditional trading areas of Deira and Bur Dubai - begged him to reconsider, or at least delay. They even enlisted the support of his son, Sheikh Mohammed - the current Ruler - to help talk him out of it.

But as Sheikh Mohammed relates in his autobiography, My Vision, his father puffed on his pipe and said: "I am building this port now because there will come a time when you won't be able to afford it."

The argument was settled, and what is arguably the UAE's most valuable commercial asset was born.

Forty years later, Jebel Ali is the biggest man-made harbour in the world, and the biggest port between Singapore and Rotterdam. It dominates the Arabian Gulf as a magnet for shipping from all other regional ports.

It is first stop in the Middle East for most of the cargoes that come from Asia, Europe and the US.

About half of Dubai's exports go through Jebel Ali, which accounts for a quarter of the emirate's GDP. And about 20 per cent of total foreign investment in the UAE passes through the port and its connected industrial zone.

Tourists and travellers may arrive at Dubai or Abu Dhabi airports, and flock to the golden beaches, luxury hotels and glitzy malls, but Jebel Ali is the marketplace where the UAE meets the world.

Its five million square metres of area - equivalent to 700 rugby pitches - encompass two enormous terminals - with another being reclaimed from the sea to the north - that have supplied the raw materials for the UAE's dynamic economic growth.

It has shaped the history of the past 40 years in a more physical sense too. Located at the southern end of the emirate of Dubai, not far from the border with Abu Dhabi, Jebel Ali pulled the two biggest cities closer together. Dubai expanded southwards, giving it the elongated urban shoreline so obvious on the map today.

Some experts in urban development even believe the time will come when the two conurbations will link up in a new mega-metropolis, which they have dubbed "Abu Dubai".

Jebel Ali provided the early gravitation pull in this process, which will be reinforced when Abu Dhabi's own deep sea port and industrial zone, Port Khalifa, is fully operational just 40 km or so south of Jebel Ali.

The strategic vision came from Sheikh Rashid and was carried on by his son, Sheikh Mohammed. But the day-to-day work on the port was pushed to completion by Sultan bin Sulayem, whose family were long-standing advisers to the Al Maktoums.

Bin Sulayem had the idea of adding an industrial free zone to the port complex, which became the Jebel Ali Free Zone Authority.

It was the first instance of the "free zone" concept in the country, and has since been replicated throughout the UAE and other parts of the Gulf.

The lessons learned by bin Sulayem in the course of the dredging and land reclamation for the new port were later applied to the projects that have become Dubai's brand image round the world: the Burj Al Arab and the Palm Jumeirah. Both, like Jebel Ali, were reclaimed from the shallow waters of the Gulf and made into symbols of the Emirates.

Jebel Ali, as a hard-working asset, may lack the glamour of these later projects, but it is hard to imagine the modern UAE without the vital economic contribution it has made to the nation since 1971.

Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

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Details

Through Her Lens: The stories behind the photography of Eva Sereny

Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

Monster Hunter: World

Capcom

PlayStation 4, Xbox One

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.