Good morning, nice people, and Ramadan Kareem to all who observe. We have another brisk read for you this morning — though not as brisk as Getir’s founders would have liked. A messy lawsuit showdown leads our news today as the founders of Turkish delivery giant Getir sue Mubadala, alleging a “significant loss” during the asset breakup.

EXCLUSIVE- Don’t miss our talk with EVP North Africa and CEO of DP World Egypt Mohammad Shihab about the company’s growth plans for 2026 and beyond.

Watch this space

AVIATION –– Saudi budget airline Flyadeal is inching closer to its 50-aircraft 2026 milestone — officially taking delivery of its first new aircraft of the year, CEO Steven Greenway said on LinkedIn. The new Airbus A320neo arrival –– which takes the carrier’s fleet up to 45 narrowbody jets — aligns with the airline’s plans to triple its network to over 100 destinations and nearly double its fleet to 100 aircraft by 2030.

We have an exclusive insight into LCCs: Low-cost carriers’ (LCC) share of the region’s aviation market doubled over the past decade, increasing at an average annual rate of 11.5%. EnterpriseAM sat down with logistics specialist Khaled Nour El Din from Egypt’s leading budget airline Air Cairo to explain what airlines are doing to capitalize on this trend.

SHIPPING — The Egyptian government is exploring establishing a joint shipping route with Kenya, linking Egyptian Red Sea ports with Kenyan ports on the Indian Ocean, Foreign Minister Badr Abdelatty told his Kenyan counterpart during his time in Nairobi. A joint shipping route will give Egypt an anchor in an East African logistics center, as well as strengthen maritime security in the area.

Cairo has tried this lane before: Egypt kicked off an Ain Sokhna to Mombasa service in 2019 under the Gosoor project — scheduled as a regular route to deepen East and Central Africa trade links.

The trade base is real, but not huge yet. Egypt and Kenya’s trade hit USD 567 mn in 2024, down from USD 638 mn in 2023 — with Egyptian exports at roughly USD 307 mn and imports at USD 260 mn.

PROJECTS — AD Ports Group will explore developing integrated sugar refineries and edible oil facilities in Abu Dhabi and abroad under an MoU inked with Nigerian conglomerate BUA Group and ADX-listed Mair Group. The MoU will see the three sides look into setting up projects at Abu Dhabi’s Khalifa Port as well as markets in Africa and South America.

There’s more: The agreement also covers prospects in other sectors, namely grains, pulses, animal feed, agricultural products, as well as maritime, port, and distribution projects.

Market watch

Oil prices steadied this morning as investors weighed US-Iran talks and potential supply increases, Reuters reports. Brent crude futures inched up USD 0.23 to trade at USD 67.65 / bbl as of 04:12 GMT, while US West Texas Intermediate (WTI) was up USD 0.19 to USD 62.52 / bbl.

The Baltic Index sustains losses again: The Baltic Exchange’s dry bulk sea freight index — which tracks rates for the capesize, panamax, and supramax vessel segments — fell 0.2% to 2,095 points on Tuesday. The capesize shed 0.5% to 3,194 points, while the panamax index rose 0.4% to 1,792. Meanwhile, the smaller supramax index was down 0.3% to 1,194.

Data point

67 mn tons — that’s how much cargo Marsa Maroc moved in 2025, rising 6% y-o-y. Revenue increased 16% to nearly MAD 5.8 bn, and throughput topped 3 mn TEUs for the first time during the period.

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