The Crown Prince of Dubai and Chairman of the Dubai Council, Sheikh Hamdan bin Mohammed, has approved a 58 percent increase in assistance for Emirates in need.
Chairing the first meeting of the Higher Committee for Development and Citizens Affairs, he agreed to fund of AED438 million ($119 million) to be distributed to beneficiaries registered with the Community Development Authority (CDA), as well as new beneficiaries.
Sheikh Hamdan said that the priority of Sheikh Mohammed bin Rashid, the Ruler of Dubai, is to provide the best quality of life for citizens, the best environment to raise families, and the best economic opportunities for youth.
Executives at AD Ports Group have confirmed that its deep-water port, Khalifa Port, has been ranked in the top five of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence.
The ranking is based on the time vessels needed to spend in port to complete workloads over the course of 2021, a year that saw port congestion and disruption due to the impact of the pandemic.
More than four-fifths of global merchandise trade by volume is carried by sea, and approximately 35 per cent of total volumes and over 60 per cent of commercial value is shipped in containers, making the ranking an essential global economic indicator.
The report cites the use of digital technology and green fuel alternatives as two of the significant ways that countries are modernizing their ports and making maritime supply chains more resilient.
Mohamed Juma Al Shamisi, MD and group CEO, AD Ports Group, said: “This ranking is another indicator of the performance that customers are receiving at Khalifa Port, with the full support of AD Ports Group’s integrated business clusters. We have recognized the pressure that global supply chains are under and have worked hard to create efficiencies and new synergies in every area. At the direction of our nation’s wise leadership, we will continue to drive world-class performance levels at all our facilities.”
