&w=3840&q=100)
AD Ports Group opens first China office in Beijing: Key takeaways
AD Ports Group, a global trade and logistics facilitator based in the United Arab Emirates, has inaugurated its first office in China, located in Beijing. This strategic move aims to strengthen trade ties, enhance logistics operations, and deepen engagement within China's Belt and Road Initiative. The Beijing office will serve as a hub for coordinating the Group's commercial and investment activities across China and the broader region, according to Al-Monitor.
Here are key takeaways:
STORY CONTINUES BELOW THIS AD
* **Strategic Location and Objectives:** The new Beijing office is strategically positioned at the center of China's policymaking and planning. It is designed to foster closer collaboration with key Chinese government stakeholders, strategic partners, and clients. This initiative aligns with AD Ports Group's strategy to integrate with China's development priorities and enhance cooperation on multimodal transport solutions.
* **Enhanced Trade and Logistics Engagement:** The primary goal of the China office is to boost trade and logistics engagement across Asia. AD Ports Group aims to leverage this new presence to deepen relationships with government bodies, investors, and clients in China, facilitating smoother and more efficient trade operations.
* **Belt and Road Initiative:** The Beijing office will play a crucial role in advancing AD Ports Group's involvement in the Belt and Road Initiative, which spans various maritime routes. By establishing a stronger presence in China, AD Ports Group seeks to capitalize on emerging trade corridors and contribute to the Initiative's overarching goals of enhancing connectivity and trade infrastructure. * **Growing UAE-China Trade Relations:** The opening of the China office underscores the increasing trade relations between the UAE and China. This expansion occurs amid ongoing scrutiny from the United States regarding sensitive technology transfers, highlighting the strategic importance of the UAE-China partnership in trade and economic development.
The AD Ports Group has been actively expanding its global footprint. In 2024, the Group reported revenue growth of 48 per cent year-on-year, reaching AED 17.29 billion. In the first quarter of 2025, the Group's revenue grew by 18 per cent year-on-year to AED 4.60 billion. This expansion includes securing a 25-year concession at Karachi Port in Pakistan and investing in the development of a bulk and general cargo terminal.
The establishment of the Beijing office marks a significant step in AD Ports Group's broader strategy of international expansion and enhanced engagement with key global partners.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
7 hours ago
- Time of India
Qualifications that techies Mark Zuckerberg has hired personally at $100 million-plus pay packages have: Degree in ...
Meta CEO Mark Zuckerberg Mark Zuckerberg, CEO of Meta, is aggressively recruiting top AI talent for his new superintelligence lab, using a curated document known as 'The List' to target the industry's brightest minds. According to the Wall Street Journal, "The recruits on 'The List' typically have PhDs from elite schools like Berkeley and Carnegie Mellon. As a report in WSJ said, "The recruits on 'The List' typically have Ph.D.s from elite schools like Berkeley and Carnegie Mellon. They have experience at places like OpenAI in San Francisco and Google DeepMind in London. They are usually in their 20s and 30s—and they all know each other. They spend their days staring at screens to solve the kinds of inscrutable problems that require spectacular amounts of computing power." Zuckerberg has personally spearheaded the recruitment, diving into technical papers and strategizing with two Meta executives in a group chat dubbed 'Recruiting Party' to discuss hundreds of candidates and outreach methods, such as email, text, or WhatsApp. The List prioritizes candidates with PhDs in AI-related fields, experience at leading labs, and significant contributions to AI breakthroughs. Meta's recent hire, an algorithm design enthusiast, exemplifies the profile. The people who get notes from Zuckerberg reportedly have a few things in common: They need to know calculus, linear algebra and probability theory, like one of Meta's recent hires, who says he's fascinated by algorithm design. The AI community is tight-knit, with researchers forming Slack and Discord groups to share and discuss job offers, often leveraging competing offers to boost their value. Two sources familiar with these groups confirmed this practice. Meta has targeted dozens of OpenAI researchers, intensifying the Silicon Valley talent race. Leading Zuckerberg's superintelligence team is 28-year-old Alexandr Wang, a New Mexico native and son of Chinese immigrant physicists. Meta recently invested $14 billion in Wang's company, Scale AI, making him one of the most expensive hires in history. Meta has also reportedly made offers to dozens of researchers at OpenAI. This is said to have forced OPenAI to change its compensation structure. Not just this, the company's CTO also sent an open letter to employees asking them not to fall for Zuckerberg's offer. The company also shut down for almost a week. OpenAI's ex-CTO Mira Murati too has said that Mark Zuckerberg has also offered engineers in her company multi-million-dollar packages, but not even a single employee has so far accepted the offer. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
7 hours ago
- Economic Times
Foreign royal family now owns more of London than King Charles, and the numbers are alarming
Synopsis Qatari royal family London properties: The Al-Thani family of Qatar has built a large real estate portfolio in London. Their holdings exceed those of the British monarchy. They own a quarter of northwest Mayfair, called 'Little Doha'. The family also owns Harrods, hotels like The Berkeley, and a large stake in The Shard. They co-own Canary Wharf and have invested in Heathrow Airport and Sainsbury's. Reuters (REUTERS/Emilie Madi/File Photo) Qatari royal family London properties: When most people think of London, they imagine Buckingham Palace, Kensington Palace, or St James's Palace, eternal icons of British royalty, as per a report. Yet while these great palaces remain, the British Royal Family's personal foothold in the capital is dwarfed by another royal house, as per the GB News other expanding royal family is the House of Al-Thani, the ruling royal dynasty of Qatar, who over time have amassed quietly a gigantic real estate empire in London, one that today extends far beyond that of the British monarchy, as per the GB News report. Throughout the capital, King Charles technically owns over several historic royal residences, yet these houses, like the Tower of London and Hampton Court Palace, are owned through the Crown Estate — i.e., they're owned by the sovereign in trust for the country, not as private property, according to the GB News report. The Al-Thani family, on the other hand, have no such obligation with their growing portfolio in the capital, as per the a family wealth of approximately £2.4 billion, the net worth is estimated to be around £2.4 billion, with the House's patriarch, Sheikh Tamim bin Hamad Al Thani, said to be worth about £1.6 billion alone, according to the GB News report. ALSO READ: Meet Chrysalis: The starship that could take 2,400 humans to Alpha Centauri, nearest star system in 400 yearsNorthwest Mayfair stands out in particular, and has been dubbed "Little Doha", with so many of its buildings owned by Qataris. It is estimated that the family holds approximately a quarter of the community, including reportedly the most expensive private dwelling in Britain, as per the GB News report. The palatial 44,000 square foot home was valued at £400 million in 2015, as per a Vanity Fair report, which also stated that the late Queen Elizabeth quipped it made Buckingham Palace 'look rather dull' in comparison, as reported by GB News. ALSO READ: Who is Patrick Joseph White, Georgia gunman who killed 2, and what was his motive? But the Qatari presence doesn't stop with residential properties, the House of Al-Thani has absorbed a number of London's most famous brands, according to the report. Even the iconic department store Harrods was sold to the Qatar Investment Authority, which is the nation's sovereign wealth fund, in 2010, as reported by GB such as The Berkeley, Claridge's, The Connaught, and The Emory also form part of their portfolio, managed under Maybourne Hotels, a company led by well-known Qatari royal Mohammed Bin Hamad Bin Jassim Bin Jaber Al-Thani, according to the influence is also visible in London's skyline, like the Shard, the tallest building in Europe is 95% owned by the state of Qatar, as per the GB News report. They also co-own Canary Wharf and have a 20% stake in Heathrow Airport, which is projected to service 84.2 million travellers in 2025, according to the report. Even Sainsbury's, the British supermarket, has Qatari investment, as the state owns 14.3%, as per the GB News the Al Thani family is believed to own about 1.8 million square feet of real estate in the capital, according to the is Buckingham Palace not considered King Charles's private property?Because it's held through the Crown Estate, which is managed on behalf of the nation, not personally owned, as per the GB News report. Where is 'Little Doha' in London? It's a nickname for northwest Mayfair due to the high number of properties there owned by the Qatari royal family, as per the GB News report.
Time of India
9 hours ago
- Time of India
Trump attack on Intel's CEO could compound factory struggles
Academy Empower your mind, elevate your skills At the end of July, Gov. Mike DeWine of Ohio said Intel 's chief executive was "very, very optimistic" about the company's plans to build multibillion-dollar semiconductor factories in his state. Last week, President Donald Trump attacked the tech executive, and a Republican senator called for an investigation into delays surrounding Intel's massive construction project outside demanded Thursday that Lip-Bu Tan, Intel's new CEO, resign over his past ties to Chinese companies, adding to the woes of a company that DeWine and other senior figures in Ohio's Republican Party had said would help create a manufacturing boom and turn the state into a "Silicon Heartland."To help build its Ohio factories, Intel received commitments worth roughly $1.5 billion in federal funding in recent years, as well as a $2 billion incentive package from the project has been badly delayed, and the chipmaker said this year that the factories would not be operational until at least company's challenges in Ohio highlight the risks that federal and state officials took when they financially backed Intel, a once-powerful force in chip manufacturing, an industry now dominated by the Taiwan Semiconductor Manufacturing situation is also indicative of the struggles the Trump administration will face as it tries -- through the pressure of tariffs and threats from the White House -- to shift the bulk of semiconductor production to the United States from Asia. When the Biden administration offered financial incentives through the CHIPS Act, Intel was one of the few American companies that it made sense to whether by stick or carrot, forcing this transition could prove extraordinarily difficult, as the delays around the Ohio project demonstrate."It's pretty obvious that Intel has failed to meet the commitments it made to the people of Ohio," Sen. Bernie Moreno, R-Ohio, wrote on social media Thursday. "Now we find out its new CEO is deeply conflicted with ties to the CCP," he said, referring to the Chinese Communist Party."The CEO must immediately resign, the project completed, and a fraud investigation should be initiated by Ohio," Moreno factories are extremely expensive and complicated to build. Intel has struggled to find enough customers to stay afloat as it poured money into construction. After posting an $18.8 billion loss in 2024 in its foundry division, the company ousted its CEO in December, cut 15,000 jobs and appeared to be exploring other strategies, including the possible sale of its manufacturing business to TSMC Asked for comment, a spokesperson for Intel referred to its most recent earnings report from July, in which the company said it was committed to completing the project in Ohio but had slowed construction to match customer Tierney, press secretary for DeWine, said Friday that the governor remained optimistic about the project."We expect chips to be made in that facility," Tierney said. He added that the company had already invested $7 billion in the construction project in Ohio, more than three times the amount of the state's incentive package, which involves some tax credits that have yet to be paid incentive package is tied to job creation by the end of 2028, so the earliest that the state would attempt to claw back any money is 2029, Tierney for the allegations against Tan, he said, DeWine is concerned about any allegation of involvement with the Chinese Communist Party that is detrimental to the national interest but is not rushing to judgment."We don't have all the facts, and we will need to see what facts come out," Tierney stakes are high for Intel and Ohio. Semiconductor chips, which are used in everything from cellphones to fighter jets, have recently become a particular focus for Trump, as they were for former President Joe Biden. Both presidents viewed domestic production as critical to national security, especially as more than 90% of the world's most advanced chips were produced in Taiwan, an island claimed by 2022, under Biden, Congress passed a bill with bipartisan support that aimed to remedy that vulnerability by pouring billions of dollars into subsidies for semiconductor companies to build facilities in the United States. Intel, the only American-owned maker of advanced logic chips, was awarded up to $7.9 billion to build factories in the United States. (Only about $2 billion of that has been disbursed.)Trump has criticized the subsidy approach, arguing that tariffs are a more effective tool to bring manufacturing back to the United States. He threatened last week to impose a 100% duty on many imported who took over Intel in March, has been hailed as a savior of the struggling American chipmaker. He is a longtime Silicon Valley investor who focused on semiconductor startups, even during eras when venture capital money seemed to be pouring into software and July 28, a company that Tan once ran pleaded guilty to transferring technology that was under U.S. export controls to Chinese entities. Though the plea agreement with the Justice Department did not name Tan, Sen. Tom Cotton , R-Ark., wrote to the chair of Intel's board of directors Tuesday, raising questions about what Tan may have known about the illicit a statement Thursday, Tan, an American citizen who was born in Malaysia, said that "misinformation" was circulating about his past roles and that he fully shared "the president's commitment to advancing U.S. national and economic security.""I have always operated within the highest legal and ethical standards," Tan said. He added that he was engaging with the administration "to address the matters that have been raised and ensure they have the facts."The questions surrounding Tan could create yet another hurdle in the attempt to bring the manufacturing of advanced semiconductors to Jon Husted , R-Ohio, was among the lawmakers who supported public funding for the Intel semiconductor factory. He posted a message on social media saying the company had promised to "respond promptly" to Cotton's letter."The facts have not changed: We need an American company to make American chips on American soil," Husted wrote. "Producing the world's most advanced high-tech chips in the U.S. is not just economic policy -- it's a national security imperative. Every day we are not doing that, we are putting our country at risk."Husted did not respond to a request for Sen. Bill DeMora, a Democrat representing Columbus, said Ohio Republicans were using Trump's attack on Tan to distract from the fact that they sank public money into a project that has who has long called the project a boondoggle, said in an interview Friday that Ohio Republicans "did all this hoopla and pageantry" to hype the Intel project. "Now they want the Intel president to step down because he has ties to China," he said. "That's their excuse."He said construction had continued with a fraction of the workers the company had promised to hire. He predicted that the site would never become a semiconductor factory."Intel is never going to make a chip there," he said.
