STORAGE + WAREHOUSES-

Iraq expands grain storage with regional agreement: Iraq has signed an agreement with two companies — Swiss-based Bühler and Egypt’s Samco — to build five modern grain silos with a total storage capacity of 60k, according to the National Iraq New Agency. The silos will be distributed across the Kirkuk, Anbar, Wasit, Najaf, and Muthanna provinces. Iraq has also prepared warehouses with a 1 mn ton capacity for the upcoming harvest season and plans to construct 20 additional silos as part of future projects.

SHIPPING + MARITIME-

Mawani adds new shipping service to King Abdulaziz Port: The Saudi Ports Authority (Mawani) has added Milaha’s MIX 2 shipping service to King Abdulaziz Port in Dammam, SPA reported last week. The new service, which has a 1.7k standard container capacity, will link Dammam port with the ports of Umm Qasr in Iraq as well as Nhava Sheva and Mundra in India.

M&A WATCH-

Taqat extends Bayan Transport’s acquisition MoU: Saudi scrap metal recycling firm Taqat Mineral Trading has extended a non-binding MoU to fully acquire Bayan Transport Trading Company (Bayan Al Naql), which was set to expire on 31 December 2024, until 31 March 2025, according to a disclosure to Tadawul. No further details were disclosed.

CARGO-

Emirates SkyCargo is deploying a weekly Boeing 777 freighter to Copenhagen Airport, with a capacity for 85 tons of cargo to cope with a recent 20% increase in shipping volume from Denmark, according to a statement. The freighter will also cater to neighboring countries like Norway and Sweden.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • Emirates’ Airbus A350 enters service: Emirates’ first Airbus A350 has entered commercial service with its inaugural flight from Dubai to Edinburgh. The aircraft is the first of 65 A350s set to join the airline’s fleet over the next few years. (Wam)
  • Flights to resume at Damascus Airport: International flights are set to resume at Damascus International Airport on Tuesday, 7 January, after they had been suspended following the collapse of the Syrian government last month. (Wam)
  • Qatar to resume Syria flights: Qatar Airways will resume services to Syria’s Damascus with three weekly flights starting 7 January 2025. (Statement)
  • Emirates expands Sri Lanka-UAE route: Emirates has added six weekly flights connecting Colombo’s Bandaranaike International Airport in Sri Lanka and Dubai International Airport starting 2 January. A seventh weekly flight will be added on 1 April 2025. (Dubai Media Office)
  • Qatar Airways back in Abha: Qatar Airways landed its first flight at Abha International Airport (AHB) on 2 January after a hiatus of several years. The flight will operate twice weekly. (Statement)
  • Egypt’s Arish Port gets first breakbulk shipment: Egypt’s Arish Port in North Sinai has received its first ever breakbulk shipment. The shipment included five wind turbines and their accessories for use at a wind power plant in North Sinai. (Statement)
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