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KSA’s PIF secures USD 3 bn syndicated loan to finance Korean imports
The lenders will initially disperse USD 3 bn, while the loan size can increase to USD 5 bn
Al Futtaim logistics launches new aerospace logistics division + Ryanair to launch domestic Moroccan flights in 2024?
The division will offer services such as airside deliveries, an aerospace operations center and storage solutions
Embention + Eanan form JV for the production of autopilot systems for Eanan’s aircraft
The JV will manufacture some 3k Veronte Autopilots per year in Dubai
Iraq could get more locomotives from China + Bahri charters two vessels from South Korean shipowner
RAIL- More Chinese locomotives for Iraq? A delegation from Iraq’s General Company for Iraqi Railways (GCIR) met with officials from…
Gulftainer extends concession agreement for Sharjah and Khorfakkan terminals
Gulftainer will operate two terminals in Sharjah for another 35 years
Bulgarian drone manufacturer Dronamics to establish JV with UAE’s SDF + plans to provide cargo drones to Aramex in 2024. PLUS: More from Flydubai
The Black Swan drones can carry up to 350 kg for 1.6k miles, and are 50% cheaper than alternative modes…
TODAY: Charter conflict erupts amid Israel’s war on Gaza + Saudia’s aircraft maintenance arm is eyeing an IPO before 2030
THE BIG LOGISTICS STORY- The UAE’s StrategicDevelopment Fund (SDF) has inked a terms sheet with Bulgarian drone company Dronamics to…
EgyptAir orders 10 more widebodies + Saudia eyes Airbus expansion. PLUS: More from Oman Air, Air Arabia and Kuwait Airways
EgyptAir’s order follows another order of 18 aircraft from Boeing made earlier this week
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