Category: Business

Kolkata, June 30: JIS Group of Educational Institutions (JIS Group) has signed a Memorandum of Understanding (MoU) with the Federation of Small & Medium Industries, West Bengal (FOSMI) to create a robust platform for industry-driven research, innovation, skill development, entrepreneurship, and practical learning opportunities for students and faculty members across JIS institutions. The event was graced by dignitaries including Dr. Mou Sen, Joint Director of MSME, Government of West Bengal; Sardar Haranjit Singh, Joint Managing Director JIS Group; Shri Biswanath Bhattacharya, President, FOSMI and others.

The partnership will facilitate the identification and resolution of real-world industrial challenges through academic research, student projects, prototype development, and multidisciplinary innovation initiatives. It will also promote internships, industrial training, live projects, expert lectures, workshops, seminars, industry visits, and startup-focused programs, thereby enhancing employability and industry readiness among students.

A key feature of the collaboration is the integration of JIS Group‘s dedicated Industry–Academia Collaboration and Problem Resolution Portal, through which FOSMI and its member industries will be able to submit technical and operational challenges for academic evaluation and solution development. The platform is expected to serve as a dynamic interface connecting industry requirements with the research, innovation, and technical capabilities of JIS institutions.

Speaking on the occasion, Sardar Taranjit Singh, Managing Director, JIS Group, said, “At JIS Group, we firmly believe that meaningful industry–academia collaboration is essential for driving innovation and preparing future-ready professionals. Our partnership with FOSMI will create valuable opportunities for students, researchers, and industry stakeholders to work together on real-world challenges, bringing forth a culture of innovation, entrepreneurship, and impactful problem-solving. This initiative further strengthens our commitment to creating an ecosystem where education directly contributes to industrial growth and societal progress.”

Mumbai, June 30: DBS Bank India has unveiled the second report in its Women and Finance series, with Deloitte Touche Tohmatsu India LLP (DTTI LLP) as the research partner.

The report, The Digital Opportunity: Access, Adoption and Trust, explores how female earners across India are engaging with digital payments, banking, credit and investment platforms. The study draws insights from 1,342 women across North (23%), South (36%), East (14%) and West (27%) India, reflecting the perspectives of female entrepreneurs, High-Net-Worth (HNW) women and rural women earners.

The latest edition focuses on how digitalisation is shaping the financial journeys of women across different life stages, income segments and geographies. It also explores spending priorities, key drivers of digital adoption and awareness of safe digital banking practices across different segments.

Among female entrepreneurs, 61% of those who actively consume content on safe digital banking practices through newsletters, blogs, magazines and books report confidence in identifying digital fraud. Among HNW women, confidence is highest among those who consult financial advisors (59%) or attend financial workshops (58%), while 73% of those who regularly consume financial content through books, newsletters, blogs and magazines report high confidence.

The findings highlight that female entrepreneurs are the most active users of digital financial tools and platforms among all cohorts surveyed. Digital payment tools are the most widely adopted, used by 84% of female entrepreneurs. Across cohorts, UPI continues to gain traction, with usage standing at 72% among female entrepreneurs, 77% among HNW women and 54% among rural women earners surveyed, underscoring the growing ubiquity of India‘s digital payments infrastructure.

Beyond banking and payments, female entrepreneurs are increasingly engaging with a wider ecosystem of digital financial tools and platforms. Among those surveyed, 38% use loan and credit platforms, while 29% use brokerage platforms. Among HNW women surveyed, 28% are actively using brokerage platforms for their investments, reflecting growing comfort and proficiency in using digital investment tools, driven by the convenience and accessibility they offer.

Divyesh Dalal, Managing Director and Country Head, Global Transaction Services, Corporate Banking, Financial Institutions and SMEs said, “The findings of this report highlight an encouraging shift in the way women are engaging with their finances. Among female entrepreneurs, digital tools are becoming increasingly integral to business management, supporting everything from payments, credit and payroll to customer acquisition and future planning. The study also underscores the importance of trust, convenience, and accessibility in driving digital adoption.”

“As digital adoption deepens, entrepreneurs are increasingly seeking solutions that enhance operational efficiency and support their growth ambitions. Sustaining this momentum requires going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey. By deepening our understanding of this segment and continuing to innovate in response to evolving needs, we aim to help female entrepreneurs build and scale their businesses”, he added.

Other key insights

 Credit card usage is gaining momentum among female earners in urban India

Half (50%) of the female entrepreneurs surveyed report using personal credit cards frequently, including 19% who use them daily and 31% who use them a few times a week. Among HNW women, credit cards are used by 53% of respondents, making them the second most-used payment method after UPI.

 Travel rewards top the list of preferred credit card benefits

Travel-related rewards, including hotel offers, air miles, lounge access and travel insurance, are the most preferred credit card benefit among both female entrepreneurs and HNW women, cited by 65% of respondents. Preference for travel-related rewards is particularly pronounced among younger respondents, rising to 70% among HNW women aged 25–30 years and 68% among female entrepreneurs aged 26–35 years. 

Spending patterns across segments

Spending patterns were analysed to identify key business expenditure areas among female entrepreneurs and rural women earners, alongside personal spending among HNW women.

• Among female entrepreneurs surveyed, spending is concentrated on people, growth and technology. Beyond staff salaries and contractor payments (65%) and marketing, branding, content creation and customer acquisition (53%), 37% report spending on software, technology tools and platforms.
• For rural women earners, expenditure is largely directed towards day-to-day business operations, with 82% reporting spending on raw materials, 47% on rent and 35% on transportation to market.
• Among the HNW women surveyed, spending patterns are more diversified across both essential and discretionary categories, led by groceries and daily essentials (50%), utility bills (32%), healthcare and medical expenses (28%), and travel and vacations (27%).

This edition builds on the first report in the series, Money Matters: Mindsets, Financial Agency and Behaviour Across Life and Career Stages, released on International Women‘s Day earlier this year, which examined the financial autonomy of women earners, key financial drivers and life goals, preferences for engaging with financial institutions, as well as their perspectives on career breaks, work-life balance, retirement planning and long-term financial preparedness.

Mumbai, June 30: Property registrations in Mumbai increased by 6% in the first half of 2026, reaching their highest level since 2013, according to recent data released by industry sources.

The growth reflects sustained momentum in the residential real estate sector, supported by stable interest rates, improved buyer sentiment, and continued infrastructure development across the Mumbai Metropolitan Region. Market observers said that consistent housing demand has played a key role in maintaining strong registration numbers.

Demand was seen across both mid-income and premium housing segments, with end-user purchases contributing significantly to overall transactions. Developers also reported steady sales performance during the period, indicating stable market activity despite broader economic uncertainties.

Experts noted that ongoing infrastructure projects, better connectivity, and urban development initiatives have further strengthened confidence among homebuyers and investors. The real estate market has shown resilience, even amid inflationary pressures and global economic challenges.

Going forward, the sector is expected to maintain stable growth, though factors such as interest rate changes, affordability constraints, and policy developments will continue to influence market trends. Analysts will closely monitor upcoming data to assess whether the current momentum sustains in the coming quarters.

New Delhi, India June 30: Dell Technologies  today announced the availability of Dell PowerStore Elite in India, alongside a broad portfolio of AI infrastructure innovations that give Indian enterprises the foundation to move from AI ambition to AI outcomes, on infrastructure they control, with data they trust.
 
“For India’s CIOs and CTOs, the AI era has three non-negotiables: speed of deployment, sovereignty of data and measurable return on infrastructure,” said Venkat Sitaram, Senior Director and Country Head, Infrastructure Solutions Group, India, Dell Technologies. “With PowerStore Elite, Dell Private Cloud and the industry’s broadest agentic AI portfolio, we are giving Indian enterprises a single, validated foundation to deliver on all three. The new Dell AI Ecosystem brings Google, OpenAI, NVIDIA, Hugging Face, Palantir, SpaceXAI and ServiceNow on one open, on-premise infrastructure platform and that is precisely the ecosystem advantage Indian enterprises need to move from AI experimentation to AI leadership.”

Why It Matters for Indian Enterprises

For Indian enterprises managing explosive data growth alongside AI workloads, PowerStore Elite eliminates the traditional storage refresh cycle. Built on industry-standard E3 NVMe flash, it gives organizations freedom from vendor lock-in and resilience against supply constraints. Every component, including drives, controllers and networking, is modular and field-upgradable, so infrastructure evolves without downtime or data migration.

Dell PowerStore Elite: Redefining Enterprise Storage for the Agentic AI Era

Agentic AI demands proximity to enterprise data, and PowerStore Elite is engineered to deliver precisely that. With up to 3x greater performance and density than previous generations, up to 5.8 petabytes of effective capacity in a single 3U appliance  and an industry-best 6:1 data reduction  guarantee, PowerStore Elite provides the scale and efficiency required to support accelerating AI data growth without compromising cost discipline. By positioning high-performance, cyber-resilient storage directly where enterprise data resides, organizations can give their AI agents the access, context and lineage necessary to operate with accuracy and confidence at production scale.

PowerStore Elite redefines what infrastructure modernization means for the AI era. Every component including drives, controllers and networking is modular and field-upgradable, so enterprises modernize continuously, on their own terms, without downtime or data migration. As AI requirements evolve, the infrastructure evolves with them, spanning deskside agent development through data center-scale deployment giving Indian enterprises a secure, cost-disciplined foundation to run agentic AI on infrastructure they own, next to the data their agents depend on.

Dell Cyber Detect, available for PowerStore in Q3 2026, extends AI-powered ransomware detection directly into the storage layer. Trained on thousands of ransomware variants and inspecting data at the byte level with 99.99% accuracy , it identifies the last known clean copy so organizations can recover fast reducing manual effort by up to 95% and resolving issues up to 10x faster than traditional approaches.

Agentic AI at Scale: Giving Every Indian Enterprise the Infrastructure to Act, Not Just Analyze

Dell expanded the Dell AI Factory with NVIDIA into a complete foundation for agentic AI. Systems that reason, plan and execute complex workflows autonomously, on-premise, with data that never leaves the organization. For Indian enterprises, especially in regulated sectors like financial services, healthcare, legal and the public sector, this is the infrastructure foundation that makes sovereign, production-scale AI a reality.

Dell Deskside Agentic AI gives workgroups the ability to deploy autonomous AI agents locally by handling models from 30 billion to 1 trillion parameters with data sovereignty built in and cloud API costs reduced by up to 87% over two years . With NVIDIA OpenShell now supported across the entire Dell AI Factory with NVIDIA, what runs at the desk scales seamlessly to the data center on a single, consistent security and governance framework.

Dell PowerRack, the industry’s first fully integrated rack-scale AI system with compute, networking and storage engineered as one, moves enterprises from delivery to production in under 6.5 hours. As the first to ship systems built on the NVIDIA Vera Rubin platform, delivering up to 10x lower cost per token for large-scale agentic AI inferencing, Dell has fundamentally rewritten the economics of enterprise AI for Indian organizations ready to build it as core infrastructure.

Dell Private Cloud: Simplifying Operations Without Sacrificing Control

PowerStore Elite forms the foundation of Dell Private Cloud, delivered through the Dell Automation Platform (DAP), gives organizations a standardized foundation that unifies compute, storage and networking while supporting their preferred cloud stack from Broadcom, Microsoft, Nutanix and Red Hat on open, disaggregated Dell infrastructure. It scales compute and storage independently, avoids lock-in and delivers up to 65% cost savings  versus hyperconverged infrastructure.

New ecosystem advancements include support for VMware Cloud Foundation 9.1, Microsoft Azure Local and Dell PowerStore Elite integration with Nutanix AHV giving Indian enterprises maximum flexibility to modernize on their own terms.

Indian Enterprises Leading the Way

Omega Healthcare Management Services, supporting leading U.S. hospitals through 24/7 global operations, modernized its core IT foundation using Dell Private Cloud. The platform unified PowerEdge compute, PowerStore storage and PowerConnect networking across delivery centers, enabling independent scaling and consistent performance keeping clinical and administrative workflows uninterrupted across a follow-the-sun delivery model where downtime is simply not an option.

Availability

•    Dell PowerStore Elite: Available from August 2026
•    Dell Cyber Detect for PowerStore: Available from September 2026

New Delhi, June 30: The Government of India has disbursed ₹1 lakh crore to support Micro, Small and Medium Enterprises (MSMEs) in addressing liquidity challenges arising from the ongoing Gulf crisis, a senior government official said.

The financial assistance aims to ease cash flow pressures, stabilize operations, and ensure continuity of business activities for MSMEs that may be impacted by disruptions in trade, supply chains, and overseas markets linked to the Gulf region.

Officials stated that the support package is intended to strengthen working capital access and help businesses manage short-term financial stress caused by external geopolitical uncertainties. The initiative is also expected to safeguard employment and maintain stability in critical sectors dependent on MSME supply networks.

The government emphasized that MSMEs remain a key pillar of India’s economy, contributing significantly to employment generation and exports. The measure reflects a proactive approach to mitigate risks arising from global developments.

Further details on implementation mechanisms and eligibility guidelines are expected to be issued by the concerned ministries and financial institutions.

 

ADXinteract reveals sales climb 173% in value to AED 84.49 billion and 103% in volume to 16,585 deals in the first half of 2026

Abu Dhabi, UAE, 30th June: The Abu Dhabi real estate market is on course for a record-breaking year after the volume and value of residential sales transactions soared to new heights in the first half of 2026.

A market analysis issued today by ADXinteract revealed that sales of apartments and villas combined have climbed by 173.9% in value to AED 84.49 billion and by 103% in volume to 16,585 transactions compared with the first six months last year.

The report highlighted steady growth in annual sales volumes in Abu Dhabi over the last five years, from 7,242 transactions in 2021 to 9,053 in 2022, 15,013 in 2023, 16,244 in 2024 and 24,942 with a total value AED 91.9 billion last year.

So far this year, off-plan transactions represent 78% of all sales, and the median property prices stand at AED 1,927 per sqft for apartments and AED 1,500 per sqft for villas, rising by 22.5% and 41% respectively on the first half of 2025.

The bulk of the market activity so far this year has centred on Al Reem Island which has seen the biggest volume of sales, Al Hudayriyat which has recorded the highest overall value for transactions, Yas Island and Al Saadiyat Island.

Data from ADXinteract, the recently launched online property market intelligence platform, shows that major development in these four areas has accounted for 11,137 (67.15%) of overall sales deals and AED 54.8 billion (64.86%) of total sales value.

Significantly, it also reveals a 51% average absorption rate for all 286 projects comprising 98,823 units which are currently under development in Abu Dhabi.

  

Fateh Al Msaddi, Founder of ADXinteract, said the market was continuing to display continued momentum following a strong Q1 performance which saw 8,806 residential property sales with a combined value of AED 48.76 billion.

“The Abu Dhabi market has moved from quiet strength to strong, visible momentum,” said Al Msaddi. “The sharp rise that we’ve seen in sales value and the growth in transactions show that the capital is entering a new phase, one driven by real buyer demand, major project activity, and increasing market transparency.”

The new partner platform for the well-established DXBinteract was introduced to meet market demand for a comprehensive source of real estate data in the capital. In addition to tracking deals, it presents detailed insights on the key players in the Abu Dhabi real estate ecosystem.

This currently consists of 1,124 agencies and 3,699 brokers, 3,378 of which are employed by registered agencies, with 321 self-licensed and operating independently. Of the 140 developers presently operating in Abu Dhabi, 38 are primary developers holding primary project registration, and 102 are secondary developers who build within a primary developer’s master project.

TOP 5 ABU DHABI AREAS TO DATE IN 2026 BY SALES VOLUME

 

Area	Volume
1	Al Reem Island	4,545
2	Yas Island	3,031
3	Al Hudayriyat	2,190
4	Al Saadiyat Island	1,371
5	Khalifa City	704

 

TOP 5 ABU DHABI AREAS TO DATE IN 2026 BY SALES VALUE

 

Area	Value
1	Al Hudayriyat	AED18.95B
2	Al Reem Island	AED14.17B
3	Al Saadiyat Island	AED13.18B
4	Yas Island	AED8.50B
5	Ramhan Island	AED2.90B

 

June 30 : After building one of India’s largest connected consumer ecosystems with more than 4 crore users, Fire-Boltt today announced its entry into the smartphone category with the launch of boltt, a new Made-in-India smartphone brand that will be available on Flipkart and other channels of distribution.

The move marks a significant milestone in Fire-Boltt’s evolution from a wearables leader into a broader consumer technology company. Drawing on years of consumer insights and category expertise, the brand is now bringing its consumer-first approach into smartphones, a category that sits at the center of everyday digital experiences. Manufactured in India and designed for Indian consumers, boltt reflects Fire-Boltt’s commitment to local manufacturing while combining its deep understanding of the market with Flipkart’s extensive reach to bring its smartphone portfolio to consumers across the country.

The upcoming boltt smartphone portfolio will span both 4G and 5G affordable devices across the Evo and Ace series, built around the principles of reliability, innovation, and accessibility. Designed for the realities of modern India, the portfolio is intended to address the evolving expectations of users through thoughtful design, dependable performance, and features that deliver everyday value.

Speaking on the announcement, Arnav Kishore, Founder & CEO, boltt, said:

 “Over the years, millions of consumers have welcomed Fire-Boltt into their daily lives, helping us build one of India’s largest connected consumer ecosystems. boltt is the next chapter in that journey. Smartphones sit at the heart of how people connect, create, learn, and aspire today, and we believe there is a significant opportunity for a homegrown brand that truly understands Indian consumers. With boltt, we are bringing together our consumer insights, technology expertise, and commitment to India to create smartphone experiences that are designed for the country and built for its future.”

Commenting on this, Mukund Kedia, Senior Director, Flipkart said: ‘

‘Flipkart is deeply committed to make premium smartphone experiences accessible to every consumer across metros and non-metros. With Flipkart’s large distribution scale and reach, coupled with boltt’s portfolio of 4G and 5G devices designed for everyday realities, consumers across the country can now enjoy smartphones that combine durability, performance, and innovation. “

With deep penetration across Tier 2 and Tier 3 markets, a robust logistics network, and a strong track record in driving smartphone adoption, Flipkart will play a pivotal role in supporting boltt’s nationwide rollout. Further details regarding the boltt smartphone portfolio will be announced in the coming weeks.

June 30: Gold and silver prices extended losses as investor sentiment remained under pressure amid growing expectations around Federal Reserve monetary policy and potential interest rate adjustments.

Precious metals faced selling pressure as market participants weighed the impact of higher interest rates, which typically reduce the attractiveness of non-yielding assets such as gold and silver. A firmer US dollar also contributed to the downward trend in prices.

Analysts said uncertainty over the Federal Reserve’s future policy direction has led to cautious trading in commodity markets, with investors shifting toward yield-bearing and safer alternative assets.

Despite short-term volatility, experts noted that long-term demand for precious metals continues to be supported by global economic uncertainty and inflation-related concerns.

Market movements are expected to remain sensitive to upcoming macroeconomic data and policy signals from the US central bank.

India, June 30: Arteor Advance exemplifies Legrand India’s vision for the future of premium living, where design, technology, and sustainability converge to create more intuitive everyday experiences.

At a time when premiumization is reshaping consumer expectations across metros as well as Tier 2 and Tier 3 cities, Arteor Advance responds to the growing demand for solutions that seamlessly combine aesthetics, performance, and intelligent functionality. Designed for contemporary homes and workspaces, the range reflects a shift towards more intuitive, human-centric technology that enhances how people interact with their environments.

Arteor Advance is guided by a design philosophy that brings together visionary aesthetics, intuitive functionality, and a commitment to responsible innovation. Drawing from evolving lifestyle trends, the range balances minimalist forms with rich sensory detail, creating an experience that engages touch, sight, and sound. Capturing this essence, the campaign ‘Feel Something New’ expresses the elevated, tactile experience that defines Arteor Advance.

The range stands out for its refined design language, featuring elements such as a floating rocker, low-angle curvature, chamfered plates, and a soft locator glow that enhances usability in low-light conditions. Available in 2 distinctive design lines, Classic and Elite, Arteor Advance offers flexibility to suit diverse interior styles. With hybrid plates, both rocker formats can be seamlessly combined, enabling greater creative freedom while maintaining visual harmony.

Beyond aesthetics, Arteor Advance integrates advanced functionality with next-generation controls, smart-ready capabilities, and high-quality materials, delivering a solution that is as intuitive as it is elegant. It is designed for a new generation of consumers who value both form and function in equal measure.

In line with Legrand’s focus on responsible innovation, Arteor Advance features 90% bio-based packaging designed to reduce environmental impact and support more sustainable product lifecycles.

Sharing his perspective, Tony Berland, CEO & MD, Group Legrand India, said,

 “With Arteor Advance, we bring together design excellence, innovation, and intent. More than a functional element, it reflects a refined approach to how people experience their living and working spaces, where every detail is thoughtfully designed to deliver both performance and aesthetic value.”

Fabien Striblen, Principal Designer, Group Legrand, said,

“Arteor Advance was conceived as a true architectural element rather than a conventional switch. Its signature floating rocker creates a sense of lightness and refinement while enhancing usability through a subtle light signature and intuitive touch. Designed with a modular architecture, premium finishes, and seamless integration of smart technologies, Arteor Advance adapts effortlessly to diverse interior styles and automation needs. The objective was simple: to create a solution that blends beautifully into its environment while delivering a sophisticated, contemporary, and future-ready user experience.”

Manish Kumat, Principal Architect, Manish Kumat Design Cell, said,

‘’Arteor Advance integrates effortlessly into contemporary spaces where design and functionality must work in harmony. What stands out is its ability to complement a smart home ecosystem while preserving the architectural intent of a project. Its refined aesthetics, intuitive interface, and thoughtful detailing elevate everyday interactions, creating an experience that is both seamless and sophisticated for the end user.”

Vidhi Duggad, Interior Designer, The Blue Wall Studio, said,

‘Arteor Advance exemplifies how thoughtful design can elevate everyday experiences. Its signature floating rocker, tactile precision, and refined finishes reflect the attention to detail that defines well-designed spaces. What I particularly value is its ability to maintain clean, minimalist aesthetics while seamlessly integrating with modern smart home ecosystems. It strikes a perfect balance between form and function, complementing the overall design vision while delivering an intuitive and sophisticated experience for the end user.’’

To build salience among design-conscious consumers and homeowners, Legrand India also rolled out a targeted digital influencer campaign featuring 8 leading interior designers. Through visually rich content, the campaign positioned Arteor Advance as a premium lifestyle upgrade, highlighting its design-led appeal and intuitive functionality in real living spaces. The campaign generated strong engagement across digital platforms, helping position Arteor Advance as a design-led lifestyle choice rather than a conventional electrical product. It garnered over 5.4 million views and nearly 5 million impressions across Facebook, Instagram and YouTube.

Complementing its digital outreach, Legrand India undertook a large-scale on-ground retail activation across 6 key cities – Mumbai, Ahmedabad, Kolkata, Delhi, Bengaluru, and Hyderabad. Designed around the campaign’s central idea of tactile discovery, the ‘Mystery Box’ activation encouraged retailers and electricians to experience Arteor Advance through touch and interaction before revealing the product, reinforcing the range’s sensory design philosophy. The activation spanned over 110 counters and engaged more than 4,500 participants, generating strong interest and spot orders across key electrical markets.

Focused out-of-home branding across key electrical trade markets helped reinforce Arteor Advance’s brand visibility. This included one unit at Chandni Chowk signal, Bhagirath Palace Market in Delhi, and 35 double-sided units from Princess Street Flyover to Lohar Chawl in Mumbai.

With Arteor Advance, Legrand reinforces its leadership in design-led electrical solutions, setting new benchmarks for premium living spaces in India.

Abu Dhabi, UAE – 30 June 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry and logistics solutions; and IRH Global Trading Ltd. have signed a Memorandum of Understanding (MoU) to explore strategic cooperation in bunkering services and alternative marine fuels at Khalifa Port.

The MoU outlines potential collaboration across a range of areas, including the provision of bunkering services to vessels calling at Khalifa Port, the development of alternative fuel solutions such as Liquefied Natural Gas (LNG), biofuels, and methanol, and the exploration of opportunities related to fuel storage infrastructure, terminal facilities, and fuel sampling and testing capabilities. 

Saif Al Mazrouei, CEO, Ports Cluster – AD Ports Group, said: “This collaboration reflects our commitment to forging strategic alliances that create long-term, sustainable value. By working alongside trusted partners such as IRH, we are enhancing our capabilities and supporting the development of future-ready infrastructure and services that reinforce the UAE’s position as a leading global trade and logistics hub, in line with the vision of our wise leadership.”

Ali Rashed Alrashdi, Group CEO – International Resources Holding, said: “This collaboration with AD Ports Group reflects IRH’s commitment to build strategic partnerships that drive real economic impact. As we continue to develop our global energy trading platform, bunkering and alternative marine fuels represent a high-potential area of growth. We see Khalifa Port as an ideal base from which to explore these opportunities, and we look forward to working closely with AD Ports Group to bring them to life.”

Through this collaboration, AD Ports Group and IRH Global Trading aim to further enhance Khalifa Port’s value proposition as a multi-purpose, deep-water port that supports efficient, sustainable, and future-oriented maritime operations.

IRH Global Trading is a strategic global commodities trading firm with interests across the mining and energy value chain and plans to build a diversified global minerals and energy trading platform, including Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), crude oil, and petroleum products. The collaboration would explore leveraging IRH’s international trading capabilities alongside AD Ports Group’s world-class port infrastructure and trade ecosystem.