Logistics Emirates SkyCargo grows fleet to expand reach Dubai-based Emirates SkyCargo has added two Boeing 747-400Fs to its freighter fleet, reflecting its confidence in the global cargo market despite ongoing global economic uncertainty. The cargo division of Emirates is expecting 15 more freighters to join its fleet from announced orders. The additions will boost the belly-hold capacity from new passenger aircraft deliveries starting […] May 9, 2023
Logistics AD Ports in talks with Congo over trade hub Abu Dhabi Ports Group is in talks to invest in a new trade hub in the Republic of Congo as the UAE seeks to ramp up non-oil partnerships with the Central African country. President Denis Sassou Nguesso of Congo held discussions last week with Mohamed Juma Al Shamisi, managing director and CEO of AD Ports, […] May 3, 2023
Logistics DP World moves to close trade finance gap for SMEs DP World has launched a digital trade finance platform to build relations between small and medium sized enterprises (SMEs) and financial institutions and boost trade. The platform gives borrowers access to trade finance while helping lenders assess companies by providing data, visibility and transparency on global trade movements. This allows them to analyse potential areas […] April 25, 2023
Tech AD Ports digital arm buys customs systems firm Maqta Gateway, the digital arm of AD Ports Group, has acquired TTEK Inc, a developer of border control solutions and customs systems, in a deal worth $26.7 million. The acquisition involves an upfront payment of $17.1 million and adds to Maqta Gateway’s digital trade solutions portfolio, which uses disruptive technologies such as artificial intelligence, machine […] April 24, 2023
Logistics Agility targets rapid growth as it hails ‘huge potential’ of Saudi market Kuwaiti logistics firm Agility sees huge potential in Saudi Arabia and is “taking every measure” to boost its investments in the kingdom. The company, which has reported earnings of KD68 million ($221 million) for 2022, a year-on-year increase of 180.7 percent, believes Saudi Arabia “definitely” offers the biggest market potential in the GCC. Agility’s revenues […] April 11, 2023
Aviation Saudi reports 20% rise in aviation-related firms Saudi Arabia reported a 20 percent increase in the number of companies involved in its aviation industry last year. Figures in the Air Transport Statistics Publication (ATSP) from the kingdom’s General Authority for Statistics show that there were 1,443 businesses operating across the sector. These included companies covering air transport of goods and passengers, cargo […] April 7, 2023
Logistics UAE logistics boom demands more and better warehouses More warehouses must be built in the UAE to meet future needs, as high-growth industries such as e-commerce and manufacturing drive demand for industrial property, experts say. UAE developers rarely construct industrial warehouses speculatively (without first agreeing a tenant), as is common in developed markets. Consequently, there has been little fresh recent supply and the […] April 5, 2023
Banking & Finance AD Ports Group signs $2bn financing deal AD Ports Group has signed a $2 billion financing agreement with a syndicate of 13 regional and international banks, it announced in a bourse statement on Tuesday. Part of Abu Dhabi investment and holding company ADQ, AD Ports Group has a portfolio of ports, economic zones, logistics and digital businesses driving the growth of international […] April 4, 2023
Logistics Qatar in race to run operations at three airports in Pakistan Pakistan on Thursday kicked off outsourcing of operations and land assets at three major airports to be run through a public private partnership (PPP), a finance ministry statement said, a move to generate foreign exchange reserves for its ailing economy. The government has been in talks with Qatar to jointly run terminals at Islamabad, Karachi […] March 31, 2023
Logistics Pharma spurs rebound in Emirates cargo growth Pent-up demand for pharmaceuticals and the Middle East’s ongoing e-commerce boom are among the biggest growth drivers for Emirates airline’s cargo business, while airfreight capacity to and from Asia’s major manufacturing hubs remains constrained. Cargo is a key part of Emirates’ operations, generating revenue of AED 21.65 billion ($5.9 billion) in 2021-22, or 37 percent […] March 27, 2023
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
