Logistics DHL to invest $500m in the Middle East US logistics company DHL is planning to increase its presence in the Middle East, targeting the rapidly growing markets of the UAE and Saudi Arabia. It intends to invest more than €500 million ($572 million) in the region as part of its 2030 strategy plan. The expansion spans all four of DHL’s divisions – Express, […] June 11, 2025
Logistics Agility gets $500m loan to support expansion Logistics company Agility Global has secured a $500 million loan to support its ongoing operations and expansion plans. The three-year facility, with specific extension options, was secured from a regional bank, the company said in a statement to the Abu Dhabi Securities Exchange. The name of the lender was not disclosed. In March, Agility said […] June 10, 2025
Logistics China’s Meituan to expand drone delivery service in Dubai Chinese company Meituan is expanding its drone delivery service in Dubai, its first overseas test market. The company will launch up to three new routes for drone deliveries in the second half of the year with the potential to add more, vice president Yinian Mao told Bloomberg News. The service will be offered on the […] June 9, 2025
Logistics DP World targets deals in Turkey and Eastern Europe Global ports operator DP World is exploring acquisitions in Turkey and Eastern Europe as part of its growth plan, a media report said. “We are exploring markets,” The National newspaper reported quoting executive vice president of East Europe Kris Adams. The container market in Eastern Europe is fragmented, with consolidation required, Adams said, adding that the […] June 4, 2025
Logistics Oman and Kazakhstan set up logistics and mining companies Oman and Kazakhstan have agreed to set up two companies to widen their investment and economic ties. The agreement was signed during the visit of Oman’s Minister of Finance Sultan Al Habsi in Astana. “These two companies in logistics and mining will widen our investments and economic portfolios as we look to establish common ground […] June 3, 2025
Infrastructure Dubai to build Ghana’s first economic zone The government of Ghana has signed a memorandum of understanding with Dubai state-owned entity Ports, Customs and Free Zone Corporation (PCFC) to establish an economic zone and digital incubator in Ghana’s capital Accra. The move is intended to attract foreign investment to West Africa and accelerate Ghana’s goal of becoming a regional technology powerhouse, the […] June 3, 2025
Logistics Turkey and China vow to increase trade via rail Middle Corridor Turkey and China have agreed to increase cargo traffic on the Middle Corridor, a railway route connecting Beijing to Europe. Only 300 trains use the corridor per year, the Turkish state-run Anadolu Agency reported. The decision to increase the tariff follows a diplomatic-level meeting in Beijing this month between Turkish transport and logistics company Pasifik […] May 30, 2025
Opinion Logistics With sanctions lifted, Syria’s supply chain is cranking back into life The GCC was quick to recognise the opportunities May 23, 2025
Logistics Investcorp to spend $550m to expand Oman’s Duqm port Bahrain-based asset manager Investcorp will invest $550 million to expand the Port of Duqm in Oman, as part of a strategy to build a regional infrastructure portfolio. Investcorp Aberdeen Infrastructure Partners (AIIP), a joint venture with UK-based fund manager Aberdeen, will be a shareholder in the project alongside Cap Infra, a consortium comprising the Port of […] May 19, 2025
Logistics DP World to invest $800m to develop port in Syria Dubai’s DP World and the Syrian government have signed a memorandum of understanding worth $800 million to develop Syria’s port of Tartous, Syrian state news agency Sana said on Friday, after the lifting of US sanctions cleared the way for the deal. The deal is to develop, manage and operate a multi-purpose terminal at Tartous […] May 16, 2025
Logistics Suez Canal considers transit fees discount to revive traffic Egypt’s Suez Canal Authority chief, Osama Rabie, said the authority is considering offering discounts ranging from 12 to 15 percent on transit fees to help restore traffic in the strategic waterway reeling from attacks by Yemen’s Houthis on Red Sea shipping. Rabie told privately owned Sada Al-Balad television channel in a phone interview that the […] May 13, 2025
Trade Oman invests $200m in port to bolster re-export business Oman is expanding one of its smallest ports located in the northern town of Shinas, in an attempt to bolster the sultanate’s re-export business and container connectivity. The project, which is expected to start in the third quarter of this year, will increase its area by 40 percent to 1.8 million square metres, according to […] May 12, 2025
Logistics Lower shipping rates hit Adnoc L&S earnings Adnoc Logistics and Services (Adnoc L&S) said earnings were reduced due to lower commercial shipping rates, despite revenues rising by nearly half in the first quarter of 2025. Net profit fell 5 percent year on year to $185 million (AED678 million) for the three months ending March 31, 2025, the company said in a statement […] May 12, 2025
Logistics AD Ports reports revenue gains from Red Sea crisis Abu Dhabi-listed AD Ports Group said first-quarter 2025 revenue jumped as Red Sea disruptions positively impacted its container shipping business. The top line was up 18 percent year on year to AED4.6 billion ($1.3 billion), supported by revenues from ports, economic cities and free zones, as well as maritime and shipping clusters, the company said […] May 9, 2025
Logistics Maersk expects Red Sea disruption throughout 2025 Danish shipping major Maersk expects the disruption in the Red Sea to continue throughout the rest of 2025. This week President Donald Trump said that the US will halt bombing the Houthis in Yemen after it agreed to stop attacking shipping lanes in the Middle East. Under the agreement, neither the US nor the Houthis […] May 9, 2025
Opinion Logistics Truce in Yemen offers reprieve but exposes shipping volatility It remains unclear whether shipping lines will deem the situation stable enough to resume May 9, 2025
Transport Tourism and fleet expansion drive up Dubai Taxi revenue Dubai Taxi Company, 75 percent-owned by state-backed Dubai Investment Fund, said revenues rose in the first quarter of 2025, supported by fleet expansion and tourism growth. The top line increased by 5 percent year on year to AED588 million ($160 million) in the first quarter. The taxi segment revenue increased 7 percent annually to AED515 […] May 8, 2025
Renewable Energy DP World trials hydrogen cranes to reduce emissions DP World, the world’s biggest container port operator, is testing out a hydrogen powered crane to reduce its reliance on diesel and cut carbon dioxide emissions. The Dubai logistics giant, which handles 70 million containers each year, operates 1,500 cranes in over 60 ports around the world. While it is considering converting half of those from […] May 8, 2025
Logistics AD Ports to break ground on Egypt logistics park this year State-controlled AD Ports Group and Egypt government-backed Suez Canal Economic Zone have signed a 50-year renewable deal to develop and operate a 20 sq km logistics and industrial park near the coastal city of Port Said on the Mediterranean Sea. The Abu Dhabi-based ports operator will develop, construct, finance, operate and manage the industrial and logistics zone in […] May 5, 2025
Logistics Oman to invest $260m in logistics to spur growth Oman is expanding its logistics sector with a series of projects this year worth $260 million to improve its facilities and spur growth in the GCC’s second-smallest economy by GDP. The government-led plan was made public this week to mark Oman 2025 Logistics Day. The investment will mainly go into developing free trade zones, airports […] May 2, 2025
Logistics Saudi’s King Abdulaziz Port set for logistics overhaul The Saudi Ports Authority (Mawani) has signed off on two new projects that will bring SAR 500 million ($134 million) in investment to Dammam’s King Abdulaziz Port in eastern province. In the larger of the two projects, worth SAR 300 million, Mawani has formed a partnership with Alissa Universal Motors to build a logistics park […] May 1, 2025
Logistics European slump hits Middle East air cargo demand Demand for air cargo in the Middle East declined year on year in March, bucking a global growth trend, with the region’s European trade route the hardest hit. New monthly data from industry trade body the International Air Transport Association (IATA), showed that total global demand, measured in cargo tonne-kilometres (CTK), rose 4.4 percent year […] May 1, 2025
