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TODAY: Another Red Sea drone attack + could Turkey get some USDs for the Development Road project from the Gulfies?
Good morning, friends. It’s an incredibly busy start to the week, with news spanning virtually every logistics subsector and every…
KSA’s PIF to nab 10% stake in Heathrow
The transaction is subject to shareholder and regulatory approval
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…
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