Good morning, friends. We bring you today some updates from the startup world in Egypt and news of a regional airline expanding abroad.
THE BIG LOGISTICS STORY- Bahrain-based cargo airline Texel Air launched a sister airline, Texel Air Australasia, in New Zealand. Meanwhile, Egyptian trucking startup Trella has secured USD 3.5 mn from private equity outfit Avanz Capital as part of an ongoing bridge funding round.
HAPPENING TODAY-
Iraq is reportedly holding a press conference on its Development Road Projecttoday in Baghdad. The conference will have potential investors who will discuss possible investments into the project. The country’s USD 17 bn project — announced last month — is attracting the attention of foreign investors, including Lebanon, China, and Hungary. Iraq is currently putting in place the final designs for the project.
Background: The USD 17 bn project, announced last month, will involve roads, bridges, and high-speed trains that can transport goods and passengers at speeds of up to 300 km per hour, while the road network is anticipated to facilitate the transportation of some 5-6 mn containers. The project is expected to become a major rival to the Suez Canal, by significantly reducing travel time between Europe and Asia.
An oil spill caused by two tankers colliding in the Lena River in Russia’s Irkutsk region has led authorities to declare a state of emergency around the Kirensky area, according to Reuters. The collision on Monday resulted in the damage of a container and spillage of gasoline into the river, Irkutsk governor Igor Kobzev said. Authorities are trying to investigate how much of the 138 metric tons of gas the tanker was carrying went into the river.
WATCH THIS SPACE- Six international companies are competing for a Kuwait International Airport maintenance and operations tender, Kuwait’s daily Alanba reported. Turkey’s TAV Airports, India’s GMR Group, German Munich Airport and Fraport, Ireland’s Dublin Airport, and South Korea’s Incheon, made the shortlist following their approval by Kuwait’s official tendering body, the Central Agency for Public Tenders. No deadline for the tender has so far been disclosed. The contract up for grabs involves the operation, maintenance, staff training, and development of the airport’s T2 terminal, the daily paper said.
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CIRCLE YOUR CALENDAR-
The Terminal Operators Conference Europe (TOC) kicked off yesterday in Rotterdam, Netherlands and will wrap tomorrow. The event — led by DP worldand hosted by the Port of Rotterdam — brings together port and cargo supply chain professionals, as well as leading decision makers, policy experts and solution-providers to network and discuss how to digitize and improve their port operation strategies.
The Helishow Dubai begins today at the Museum of the Future in Dubai and will last till tomorrow. The event is a platform dedicated to the manned and unmanned aerial vehicle technology and operations, and helicopter industry. The event enables the international VTOL community to meet and interact with customers including state delegates and trade visitors from across the MENA.
The Multimodal logistics event kicked off yesterday in Birmingham, England and is running till tomorrow. The event brings together cargo owners and shippers to discuss improving supply chains and finding innovative solutions for transport and logistics issues.
Check out our full calendar at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.

