Logistics AD Ports’ new cargo service to improve trade with Kuwait Abu Dubai’s AD Ports Group has launched a new direct shipping service dedicated to roll on-roll off (Ro-Ro) between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port. The new service aims to improve commercial connectivity and facilitates trade with Kuwait, the UAE state-owned WAM news agency reported. Ammar Mubarak Al Shaiba, acting CEO of the maritime […] March 26, 2023
Retail Amazon bucks global tech slowdown with UAE expansion Amazon has strengthened its commitment to the UAE with the opening of a new fulfilment centre – in the same week the e-commerce giant announced 9,000 jobs are to go across its global network. This follows a previous announcement in January to cut 18,000 roles within the company. The latest redundancies will fall mostly in […] March 22, 2023
Logistics Aramco and DHL plan logistics hub in Saudi Arabia Saudi Aramco and logistics giant DHL Supply Chain have signed an agreement to develop a new procurement and logistics hub in Saudi Arabia to improve supply chain efficiency and sustainability. The hub will provide end-to-end integrated procurement and supply chain services to customers in the industrial, energy, chemical and petrochemical sectors, Aramco said in a statement. […] March 21, 2023
Logistics AD Ports to invest $200m to develop Safaga Port in Egypt Abu Dhabi’s AD Ports Group has signed a 30-year concession agreement worth $200 million to develop and operate Egypt’s Safaga port. In addition, two 15-year agreements, a memorandum of understanding (MoU) and three head of terms (HoT) for ports in Egypt’s Red Sea region and the Mediterranean Sea were signed. These agreements allow for expanded […] March 19, 2023
Logistics Egypt secures more than $1bn to build and develop its ports Egypt has secured investments of over $1 billion from two global port operators as the country aims to strengthen its logistics network. Hutchison Ports will invest nearly $700 million in two major Egyptian ports, taking its total investment in the country to over $1.5 billion. The investment includes the development of a new container terminal […] March 17, 2023
Logistics Agility and Hassan Allam link up to build logistics parks in Egypt Kuwaiti logistics specialist Agility has formed a joint venture with the development arm of Hassan Allam Holding to build and run warehouses in Egypt. The venture, Yanmu, is due to open its first logistics park in August with an initial investment of about $100 million, Agility said in a stock market filing. The development, a […] March 14, 2023
Logistics UAE issues first licence to test electric cargo planes The UAE has issued its first licence for electric cargo planes as it steps up efforts to support sustainable transport technology. The Emirati government’s Regulations Lab issued the licence to US shipping giant UPS, to test electric vertical takeoff and landing (eVTOL) aircraft in the UAE. The agency said in a statement that the licence […] March 14, 2023
Logistics Bahri links with Suez as Saudi and Egypt revamp trade alliance Saudi shipping giant Bahri has signed a memorandum of understanding with Egypt’s Suez Canal Authority to set up a joint venture to transport general and bulk cargo, chemicals and oil. Bahri, also known as The National Shipping Company, and the Authority, which manages and operates one of the world’s most heavily used shipping lanes, aim to establish […] March 9, 2023
Logistics DP World opens Somaliland hub as it seeks trade boost in Africa DP World has set up an economic zone in Somaliland as part of its plan to build a major trade hub in the Horn of Africa. The Berbera Economic Zone was inaugurated on Friday by the Dubai-based port operator and the government of Somaliland, a self-declared republic in east Africa. The project is also supported […] March 6, 2023
Logistics AD Ports enters Uzbekistan’s logistics market with new venture Abu Dhabi-listed AD Ports Group and SEG Enera Group, a multisectoral holding company, have created a new joint venture, ADL-Ulanish, to provide end-to-end global logistics services across Uzbekistan. The joint venture will serve industry sectors such as industrial project logistics, oil and gas, e-commerce, healthcare and pharmaceuticals. ADL-Ulanish will offer services, including freight forwarding (air […] March 6, 2023
Logistics DP World to invest $35m to boost container capacity in Brazil Dubai global ports operator DP World is planning to invest $35 million in 2023 to expand and modernise its facilities located on the left bank of Brazil’s Port of Santos. The port is one of the largest and most modern private multi-purpose port terminals in the country. With the investment, the company plans to increase […] March 5, 2023
Logistics Brazilian cargo drone maker expands operations to Dubai Tupan, a Brazilian cargo and military drone manufacturer, is setting up operations in Dubai, in a bid to help speed up e-commerce deliveries and boost cross-border trade, the company’s CEO told AGBI. The UAE’s civil aviation authority in December published what it said were the world’s first regulations for vertiports to govern the use of […] March 2, 2023
Logistics Egypt’s Suez Canal revenue surges to $8bn in 2022 Egypt’s Prime Minister Mostafa Madbouli has called for an urgent need to work on the new Suez Canal project and increase its revenue generation plan, according to a local media report. Suez Canal’s revenue stood at $5 billion in 2015-2016, but today its revenue has reached $8 billion, Egypt Today reported the prime minister as […] February 27, 2023
Logistics UAE-Oman rail link to bring cross-border economic boost A $3 billion investment to extend the railway network from the UAE into Oman is expected to bring economic benefits for businesses on both sides of the border. Oman and Etihad Rail Company, the developer and operator of the UAE-Oman Rail Network, has signed a deal with Abu Dhabi’s Mubadala Investment Company to support the […] February 22, 2023
Logistics Partnerships will unlock Africa potential, says DP World CEO More partnerships are required to break down barriers to private sector investment in Africa, according to the CEO and chairman of Dubai trade enabler DP World. Speaking at the second Dakar African Infrastructure Financing Summit in Senegal, Sultan Ahmed Bin Sulayem urged more collaboration to address the challenges slowing the continent’s development. He said that […] February 10, 2023
Logistics Humans and robots to combine in $27m Saudi fulfilment centre Humans and robots are set to work together at a new SAR100 million ($26.65 million) fulfilment centre in Saudi Arabia. Logistics and supply chain solutions provider Starlinks has opened the 400,000 sq ft hybrid facility at Agility Logistics Parks in the city of Dammam. 11 ways robots are transforming the UAE Apple heads list of […] February 9, 2023
Analysis Logistics Fujairah’s ship is coming in – and bringing tourists as well as trade Fujairah’s position on the Gulf of Oman coast has become its defining characteristic. The location has helped the emirate build a thriving maritime sector and given the rest of the UAE an alternative to the Strait of Hormuz. The Port of Fujairah opened in the early 1980s and successive development projects have added berths and […] February 8, 2023
Opinion Economy Hindenburg affair is chastening for both Adani and India Inc Lessons learned from how allegations of sharp practices can cause billions of dollars of losses February 8, 2023
Logistics DP World’s container volumes rise to 79m TEU in 2022 DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 2022, with gross container volumes increasing by 1.4 percent year-on-year on a reported basis and up 2.8 percent on a like-for-like basis, the company said in a statement. In the fourth quarter of last year alone the […] February 6, 2023
Logistics DP World to build new mega container terminal in India Dubai’s DP World has been awarded a concession to build and operate a mega-container terminal at Deendayal port in Gujarat, India, state-owned WAM news agency reported. The terminal will have a 1,100-metre berth and a capacity of 2.19 million twenty-foot equivalent units (TEUs), capable of handling vessels carrying more than 18,000 TEUs. The cost and […] February 3, 2023
Logistics Senegal says finance in place for DP World’s $1.1bn port Senegal’s President Macky Sall said on Thursday that financing is in place to enable construction to begin in earnest on a $1.13 billion deep-water port being developed by Dubai’s state-owned port operator DP World. The project in Ndayane, around 50km south of the capital Dakar, is the biggest private investment in the West African nation. […] February 3, 2023
Logistics India’s Adani to keep investing in Israel after Haifa port takeover Indian magnate Gautam Adani said on Tuesday he would keep investing in Israel after his group took over one of the country’s main ports. The entrance of Adani has spurred Israel’s leaders to revive hopes of creating a trade gateway connecting the Mediterranean port of Haifa and the broader Middle East, including Saudi Arabia, which […] February 1, 2023
