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Shipping giant CMA CGM bottomline dips in 1Q 2024 + China fuel imports ramp up in April
Stories on our radar this morning from around the world
DP expands Australian rail operations + Adnoc snaps up stakes in US LNG
Stories on our radar this morning from around the region
Qatar + South Korea ink trade agreements and Iran boosts trade links with Russia’s Tatarstan
Qatari + South Korean entities inked agreements worth upwards of QAR 165 mn (USD 45.3 mn)
Egypt’s Wepco kicks off the first phase of USD 420 oil storage project
The new storage tanks can hold 2.5 mn barrels and come at a USD 210 mn investment
US imports from Chinese-reliant Vietnam hike amidst tariffs war
Is China indirectly exporting to the US? The US has boosted imports from Vietnam to make up for reduced trade from…
China and Egypt enhance transport ties + UAE and Poland boost trade
The two countries will cooperates in the auto and aviation sectors among others
Abu Dhabi launches first phase of Virtual Corridors Cargo Movement System
The launch of the system facilitates movement of goods between customs ports, freezones, and bonded warehouses in Abu Dhabi
DP World pumps EUR 130 mn of investments into Romania to boost trade
DP World has invested upwards of EUR 250 mn in Romania since 2004
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