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
Aviation Saudi Arabia launches stopover visa as airlines ramp up capacity Saudi Arabia has announced the launch of a new stopover visa for tourists as airlines are expected to significantly increase capacity on routes to the kingdom. The free-of-charge visa is open to a wider number of countries than the tourism e-visa and is Saudi Arabia’s latest move to make the destination more accessible. The launch […] January 31, 2023
Logistics Oman set to select consultant for Muscat metro project Oman’s Ministry of Transport, Communications and Information Technology (MTCIT) will open bids for the consultancy contract for Muscat metro project on February 1, Oman Daily Observer reported. The selected consultant will help the ministry deliver key decisions and advisory services related to the project. The award will be finalised through negotiations or a direct award, […] January 30, 2023
Aviation Wizz Air Abu Dhabi to accelerate and expand operations in 2023 Low-cost airline Wizz Air Abu Dhabi is ready to accelerate and expand operations further in 2023. It currently flies to 36 destinations to 25 different countries from Abu Dhabi, the UAE state-owned WAM news agency reported. The airline operated more than 6,000 flights and transported more than 1.2 million travellers in 2022. It carried over […] January 29, 2023
Aviation Kuwait Airways eyes break even by 2024-end despite losses Kuwait Airways’ revenue last year rose by 115 percent from 2021 and was up 10 percent from pre-pandemic 2019, Reuters reported, citing chairman Ali Aldokhan. The state carrier posted a net loss of KD55 million ($180.3 million) for 2022 and still expects to break even by the end of 2024, Aldokhan told a news conference […] January 27, 2023
Logistics Turkey’s Tosyali and AD Ports eye investments in new port facilities Abu Dhabi’s AD Ports Group has signed a memorandum of understanding (MoU) with Tosyali Holding Company, which could see joint investment in new port facilities to support Turkey’s largest private steel producer’s export operations. The MoU will “establish the framework on a broad range of shipping, logistics, ports, and freight forwarding services”, AD Ports said in a […] January 26, 2023
Exclusive Food & Drink Cashless economy is at the door, says food delivery boss A cashless economy in the UAE is no longer just an ambition, according to Tatiana Rahal, managing director of food delivery giant Talabat UAE. “The future in the UAE is digital and we see cashless payments as the primary currency,” said Rahal, the company’s first MD who has previously worked on data analytics for brands […] January 23, 2023
Transport Turkey opens fastest metro line to Europe’s busiest airport Turkey’s President Tayyip Erdogan has opened Istanbul’s new high-speed metro line connecting the city to the mega Istanbul Airport, known as “Europe’s busiest in 2022”, Daily Sabah newspaper reported. The 34-kilometre metro link marks the first railway connection with Turkey’s largest airport from the Kagıthane neighbourhood. Erdogan said that the Kagıthane-Istanbul Airport Metro Line will […] January 23, 2023
Aviation Airbus implements A350 design change amid Qatar Airways feud Airbus has carried out design changes to A350 passenger jets amid a $2 billion dispute with Qatar Airways over surface damage, which spilled over to a debate on security on Thursday. The two companies have been fighting in court for months over the safety impact of flaking paint that exposed corrosion or gaps in a […] January 20, 2023
Logistics DP World predicts freight rates to fall up to 20% on slower demand DP World expects freight rates to drop by a further 15 to 20 percent in 2023, with the worst still to come as demand slows, the Dubai-based global logistics company’s deputy chief executive and chief financial officer Yuvraj Narayan told Reuters. Narayan said the first signs of a significant drop in demand were visible and […] January 17, 2023
Aviation Emirates resumes Tokyo flights as UAE and Japan deepen ties Emirates said on Thursday it will resume flights to Tokyo-Haneda airport from April 2, after a three-year hiatus due to the coronavirus pandemic. Dubai’s flag carrier said the service will be operated by one of its Boeing 777 Game Changer aircraft, with the outbound flight EK312 departing Dubai at 07.50 and arriving in Haneda at […] January 12, 2023
Real Estate Bahrain’s Investcorp to spend $1bn on real estate across GCC Investcorp is planning to invest up to $1 billion in the GCC real estate market over the next five years, it said on Tuesday. The Bahrain-based company’s announcement follows its first property acquisition in Saudi Arabia: a 215,000-sq-ft temperature-controlled warehouse in Dammam. Investcorp is assessing $100 million worth of potential real estate investments in the […] January 10, 2023
Aviation Airlines lift China international flight capacity as border opens Airlines have boosted January international seat capacity to and from China by 9.5 percent over the last week as they ramp up flights after its border opening, according to aviation data provider Cirium, though flights remain at a fraction of pre-pandemic levels. Hong Kong’s Cathay Pacific Airways Ltd added more than 52,000 seats as its […] January 9, 2023
Transport Morocco looking for private partners to fund $38bn rail plans Morocco’s ambitious plans to connect the country through a high-speed national rail link requires “innovative financing solutions based on public-private partnerships”, says Mohamed Abdeljalil, minister of transport and logistics. The Morocco Rail Plan, led by the National Railways Office (ONCF), is estimated to cost 400 billion dinars ($38.1 billion), according to the Moroccan News Agency. […] January 5, 2023
Aviation Tunisian government to sell its 24% stake in Nouvelair Tunisia’s state-owned investment company, Al Karama Holding, plans to sell its shares in Nouvelair and Nouvelair Handling this month, according to national press agency Tunis Afrique Presse. The move comes as the Tunisian government attempts to raise 656 million dinar ($210.2 million) through privatisation and the sale of companies confiscated from establishment figures after the […] January 3, 2023
AD Ports’ new joint venture to target Caspian Sea companies State-owned AD Ports Group has signed an agreement with Kazakhstan’s KMTF (Kazmortransflot) to provide offshore and shipping services for energy companies in the Caspian Sea, state-run WAM news agency reported. The joint venture, which will be 51 percent owned by AD Ports Group and 49 percent by KMTF, a wholly-owned offshore logistics and services subsidiary of […] December 29, 2022
EXCLUSIVE Aviation Gulf airlines will collaborate more in 2023, says Emirates chief The Middle East aviation industry is perfectly positioned to launch greater collaboration among its leading players, according to Emirates president Sir Tim Clark. Middle East carriers are expected to post a loss of $1.1 billion in 2022, and a profit of $268 million in 2023 as per a report from the International Air Transport Association. […] December 28, 2022
