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Oman and Cyprus look to strengthen economic cooperation, Iran and Turkey to jointly develop free trade zone
Oman + Cyprus look to finalize agreement slated to enhance maritime transport
Saudi Arabia’s ZATCA rolls out a blueprint for bonded zones and warehouses
Bonded zone licenses have a ten year expiry duration
Pakistan and Dubai ink framework agreements to cooperate on rail and a new economic zone
The investment pact covers cooperation in railways, economic zones and infrastructure
Hapag-Lloyd + Maersk deny reported pact with Iran-backed Houthi group
Maersk saw its shares drop 5.7% in Copenhagen, initially dropping 8.4%
China’s Cosco Shopping halts shipping to Israel amid Red Sea attacks
Suez Canal transit volumes saw a drop as ships rerouted
UK’s Inchcape snaps up a big stake in Norway’s Leth Suez Transit
The move will give a boost to Leth’s plans to expand internationally.
The Suez Canal Authority appoints new members to its board
Suez Canal Authority head Ossama Rabie has appointed new members to the authority’s board for directors effective 1 January, according…
Mawani + Medlog to build new logistics area at King Abdulaziz Port
The logistics zone, spanning over 100k square meters, aims to handle an annual capacity of up to 300k containers
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