Global airlines suspend flights to Israel as war erupts

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What we're tracking today

TODAY: Aviation disruptions increase as Palestine-Israel war + A new bridge for Iran, Azerbaijan will begin operating in two months

Good morning, ladies and gentlemen. The news cycle is largely being dominated by the ongoing violence in the region, with the market and logistics-related ripple effect beginning to form.

THE BIG LOGISTICS STORY- The war erupting between Palestine and Israel is beginning to have logistics-related repercussions, including flight suspensions and air travel warnings. Meanwhile, the markets are beginning to react in earnest, with crude oil and natural gas futures jumping yesterday.

^^ We have everything on this story and more in the news well, below.

HAPPENING TODAY-

Iraq will be able to trade and exchange electricity with GCC countries after being linked to the Gulf Electricity Market Project today, according to Trade Arabia. The platform will enable the electricity exchange through bilateral and multilateral agreements, the outlet writes. Iraq’s admission to the platform will enable it to access cross-border trade among the Gulf countries in a streamlined manner, and will provide flexibility by enabling it to trade collectively, separately, or individually, with GCC members, according to the outlet.

Intermodal Europe 2023 begins today at RAI Amsterdam in the Netherlands and will run till Thursday. The event brings together representatives from the container shipping and intermodal transport sectors, including cold chain, technology, containers, transport and tracking, together for three days of networking and industry collaboration.

The Cool Logistics Global 2023 conference also begins today at the Genoa Stock Exchange in Genoa, Italy, and will run through Thursday. The three-day conference will bring together analysts, cargo owners, and cold chain logistics stakeholders to discuss key challenges facing the sector. The first day of the event will focus on the transition to net zero, while the second day of the conference will focus on innovation, technology, cool cargo operations, infrastructure, and assets, with the final day focusing on perishables trade and cold chain logistics in Italy and the wider Mediterranean.

PSA - Maersk calls on importers of steel + iron products to prove compliance to anti-Russia sanctions: Maersk has notified clients shipping steel and iron products that fall under the purview of EU sanctions against Russia to ensure that their cargoes have documents proving compliance, according to a recent notice. The sanctions ban the import or purchase of products manufactured in a third country using iron or steel sourced from Russia. Customers handling such products must accordingly provide documents proving that iron and steel components are of non-Russian origin. The notice also stresses that Maersk has no obligations with regard to compiling required documents.

Iran has launched its first refrigerated container ship for exporting horticultural products and citrus fruits, Tasnim News Agency reports, citing the CEO of Caspian Sea Shipping Company. This ship will operate between the Iranian ports of Amirabad and Bandar Anzali and the Russian ports of Makhachkala and Astrakhan. The Caspian Sea Shipping Company is ready to provide more refrigerated vessels for horticultural products upon request from exporters, he said. The Islamic Republic of Iran Shipping Lines (IRISL) owns a “considerable number” of refrigerated vessels that can be utilized by the Caspian Sea Shipping Company when needed, he added.

Ir aq has yet to receive official notification from Turk ey on the resumption of oil flows, Iraqi oil officials told Alarabiya. This comes in response to statements made by Turkey’s Energy Minister Alparslan Bayraktar last week indicating that operations on the crude oil pipeline would resume within a few days. Flows across the pipeline were stopped in March due to an arbitration ruling that ordered Turkey to discontinue flows and shell out USD 1.5 bn to Iraq in compensation for damages. Baghdad and Ankara had earlier agreed to carry out maintenance on the pipeline in preparation for the resumption of flows while continuing to litigate their dispute over damages, Alarabiya said.

Iran and Azerbaijan develop their cross border li nks as new bridge comes into play: The coming two months will see a newly constructed bridge over the Astarachay River begin operations, Iran’s Minister of Roads and Urban Development Mehrdad Bazrpash told Azerbaijan’s Trend news agency. The connection is set to open new pathways for cross border trade and contributes to the larger International North-South Transport Corridor (INSTC) logistics infrastructure drive that aims to develop road, rail, and maritime links between Iran, Russia, and Azerbaijan.

There was a scare at Hamburg’s airport: Operations at Hamburg’s airport resumed on Monday after authorities sounded the all-clear on a bomb threat, Reuters reported. Police searched an airliner carrying 198 passengers from Tehran after receiving a bomb threat via email, prompting authorities to temporarily stop all take-offs or landings at the airport, the newswire wrote.

WATCH THIS SPACE- KSA + Turkey set to discuss enhancing logistics + transport ties: Saudi Arabian Transport and Logistics Services Minister Saleh Al Jasser is set to meet with Turkish Transport and Infrastructure Minister Abdulqadir Oral Oglu during a visit to Turkey to discuss strengthening bilateral transport and logistics ties, according to a statement. Al Jasser will also meet with other high level officials and companies to further promote economic cooperation between the two countries.

DATA POINT #1- Air cargo volumes continue to recov er in September: Global air cargo tonnage inched up 3% m-o-m in September, with rates increasing 5% during the same period, according to WorldACD Market Data cited by Transport & Logistics Middle East. The latest figures reflect a moderate post-summer rally in the global air freight market, which seems to have recovered from a year-and-a-half of continuous declines, the report says.

IATA figures for August also pointed to a recovery: Numbers published by IATA last week showed that global air freight volumes, measured in cargo tonne-kilometers (CTKs), were up 1.5% y-o-y in August, the first annual growth since February 2022. Middle Eastern airlines closely tracked the global trend with a 1.4% yearly increase in cargo volumes in August.

DATA POINT #2- The Port of Valencia saw a 2.07% m-o-m drop in export freights in September, marking the smallest decrease in the past year, Hellenic Shipping News reports. The Valencia Containerised Freight Index(VCFI) — which measures the trends and evolution of freight rates of the Valencian precinct — stood at 1.2k points in September. The VCFI is up 18.76% since the start of its tracking in January 2018. The index also showed export freight rates from Valenciaport docks to the Far East area starting to level out, decreasing only 0.24% as opposed to the 18.92% drop witnessed in July. The cost of shipping into the Western Mediterranean jumped 4.64%, marking the first increase in six months.

CIRCLE YOUR CALENDAR-

A Saudi-Turkish Summit kicked off on Sunday in Istanbul, Turkey and will run till Thursday, 12 October. Organized by the Türkiye Exporters Assembly in coordination with the Turkish Commerce Ministry, the summit will be attended by Turkish exporters and 70 members of Saudi Arabia’s Riyadh Chamber of Commerce. The participants will also include representatives from an array of sectors including food, non-ferrous metals, textiles, ready-made garments, chemicals, and furniture.

The Supply Chain and Logistics Conference 2023 will take place on 22-23 October at the Four Seasons in Riyadh, Saudi Arabia. The conference will bring together supply chain decision makers to discuss ways that Saudi Arabia can strengthen its economy and make itself a global logistics center and hub connecting three continents in line with the Kingdom’s Vision 2030.

The GCC-Türkiye Economic Forum is set to take place on 11-13 November in Çırağan Palace Kempinski Hotel, Istanbul, Turkey. The event will cover trade, investment and finance, energy, infrastructure, transportation and logistics, industry, tourism, agriculture and food, and sports sectors.

Check out our full calendar at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.

War in Palestine + Israel disrupts flights

Several major airlines have suspended flights to Tel Aviv’s Ben Gurion International Airport due to escalating violence in Israel and Palestine, Simple Flying reports. Approximately 20% of services have been suspended, with the interruptions expected to continue through the week.

Who’s taken action: Air France, ANA, Delta Air Lines, Wizz Air, Brussels Airlines, Lufthansa, United Airlines, American Airlines, and Air India have suspended flights to Tel Aviv, while Iberia, Turkish Airlines, and Ryanair have cut back their services, according to Simple Flying and CBS News. Emirates, Aegean Airlines, and Italian national carrier ITA have also canceled trips to Tel Aviv. Israeli carriers El Al, Israir Airlines, and Arkia Israeli Airlines were still offering some services as of Sunday, albeit with several delays.

US and Israeli authorities have also issued air travel warnings: The US’ Federal Aviation Administration (FAA) and the Israeli Civil Aviation Authority have issued an advisory to commercial airliners to exercise caution when conducting flights in Israeli airspace, ABC News reports. The warnings came after Israeli Prime Minister Benjamin Netanyahu declared a state of war against Palestinian resistance group Hamas. The US State Department also urged citizens to be extra cautious if traveling to Israel due to “terrorism and civil unrest” and issued a “do not travel” advisory for Gaza. The union representing American Airlines pilots also instructed its members to halt flight operations to Israel.

REFRESHER- The Israeli military launched retaliatory airstrikes in the Gaza Strip after Hamas gunmen killed at least 250 Israelis in a shock ground attack early on Saturday. More than 1,500 people have been killed on both sides, and thousands more are injured.

MARKET REAX-

War upends hopes for a global economic recovery? The renewed conflict has dealt a blow to analysts’ hopes that the world’s economy had finally rounded the bend following instability brought on by the pandemic and Russia’s invasion of Ukraine, Reuters reports, citing analysts and economists. Although the war’s scope, length, and intensity will ultimately define its full economic fallout, oil and equity markets are expected to see immediate disruptions, the newswire wrote.

More uncertainty is the last thing global markets need: “Any source of economic uncertainty delays decision-making, increases risk premia,” chief economist with Northern Trust Carl Tannenbaum told Reuters. Renewed inflationary pressures may also force the US Federal Reserve to maintain high interest rates for longer.

US crude futures briefly rose over USD 86 per barrel in trading yesterday, surging as much as 5.4%, Bloomberg reports. While Israel has little impact on global oil supply, traders are concerned that the war could prompt a wider conflict, pulling in the US and Iran. Iran has become a significant crude exporter this year, but US sanctions may hinder shipments.

Things could get worse: Retaliation against Tehran, in light of reports suggesting its involvement in planning attacks on Israel, could jeopardize the vital transit of ships through the Strait of Hormuz. This passage is critical for transporting a substantial share of the world's crude oil, and the Iranian government has previously threatened to close it. Iran has denied any involvement in the attacks.

What does this mean for the global oil market? The conflict is likely to delay normalization between KSA and Israel, thereby reducing the probability of an early unwinding of Saudi output cuts. Iranian oil supply projections are also now tilted downwards amid expectations of heightened tensions, analysts say. Some analysts, however, say the impact on oil is “likely limited,” as neither Israel nor its direct neighbors are large oil producers, but this may change. One analyst stressed that for the conflict to have an evident and lasting impact on oil markets, there must be sustained reduction in supply or transport.

Meanwhile, benchmark natural gas futures surged by 15% after Chevron suspended production at its Tamar offshore field in Israel, marking the most substantial increase in futures prices in seven weeks, Bloomberg reports. Chevron suspended production following instructions from the Israeli government, citing safety concerns. However, production continues at Leviathan, the country's other major gas field. Israel had been exporting gas to neighboring countries in the MENA region and was aiming to ramp up exports to Europe to help it recover from its energy crisis. Planned labor strikes at Chevron's LNG facilities in Australia and a pipeline leak in the Baltic region further added to supply risks. As the Northern Hemisphere approaches the winter season, there has been increased attention on potential stock disruptions, even though European gas reserves are nearly at maximum capacity.

Oman rolls out fresh logistics investment push

Khazaen Economic City is getting a logistics complex + more logistics services: Oman’s Transport Communications and Information Technology Ministry (MTCIT) inked an agreement yesterday to establish Khazaen Logistics Complex with Khazaen City, to clear transactions in a bid to facilitate procedures within Khazaen Economic City, according to Oman News Agency(ONA). Khazaen Dry Port Company also inked an agreement with Mazaya Al Ofoq to provide one stop services at Khazaen Dry Port, for the handling of fruit and vegetables, according to a ministry statement. Khazaen Dry Port Company also inked an agreement with French shipping conglomerate CMA CGM to receive their containers through the sea ports at Khazaen, according to the statement.

Meanwhile, MTCIT unveiled a new executive program for Oman Logistics Center to raise the value of transport and logistics investments to OMR 2.5 bn by 2025, ONA reports, without disclosing the current value of investments in the sectors. The program, which was launched at a ceremony held by Agricultural Minister Saud Al Habsi, targets several areas including the private sector, investments, international cooperation, economic diversification, financial stability, labor market and employment, resources, and projects, according to ONA.

More details: The program’s focus on economic diversification and financial sustainability come in a bid to grow government revenues from the transport and logistics sector, according to the news agency. It’s also aiming to have the land transport sector reach some OMR 18 mn by 2025, and increase employment in transport, logistics, communications and information technology to 21% by 2025, comparatively to 19% in 2023, ONA writes.

About the Oman Logistics Center: Established in 2015 by the MTCIT, it focuses on implementing Oman’s logistics strategy 2040 to put Oman’s logistics and industries on the global level, according to ONA. It also targets increasing the contribution of the sectors to increase GDP, and create jobs in the logistics field.

ALSO- Oman National Transport Company(Mwaslat), and Oman Energy Association(Opal) inked an agreement on the sidelines of the ceremony, to enhance joint efforts to support the establishment of training and qualifying workers in companies specialized in energy, minerals, and related sector in a bid to enhance worker’s efficiency, according to ONA.

As pandemic disruptions wane, Morocco’s export-heavy textiles make a comeback. Plus: Global trade is looking like a mixed bag + FedEx, UPS offer markdowns ahead of holiday season

Morocco’s export-oriented textiles sector making a com eback, putting behind pandemic-related disruptions: 2022 saw Morocco’s textile exports exceed USD 4.25 bn, an all-time record and one fifth higher than the previous year’s figures, the Financial Times (FT) reported. Most of these exports went to Europe, with the country now standing as the region’s eighth largest textiles and clothing supplier. “Moroccan textiles make up most of brands like Zara and Mango’s garment supplies,” industry consultant Martin Stone and partner at Zenobia Intelligence told FT.

Proximity to Europe + low labor costs give Morocco an edge: Despite taking hits from pandemic-related shutdowns, Morocco has remained competitive as a textile and clothing supplier. The sector is a vital source for FX and employs some 160k workers, most of whom are women, according to estimates cited by FT. Nevertheless, better wages in other sectors are beginning to siphon labor away from textiles, particularly in the country’s up and coming automotive industry.

Industry leaders are also worried about competition from China + Turkey: China leads the global textile market while Turkey dominates Morocco’s domestic market and is the principal source of fabrics and yarns that go into Morocco’s products. Despite recent efforts by the government to develop local supply chains, there is still much to be done.

Looking ahead: “We need to invest more in new technology, and we need government help to access new research and textiles and to participate in trade fairs like London and Paris,” Zakarraya Boukhari, managing director of BMS Clothing, which supplies many major European retailers, told FT. “We should look to Africa. It is a new market, and it is the future market,” Boukhari added.

G lobal trade is navigating uncharted waters, with the global economy currently looking like a mixed bag with a few bright areas, DP World’s chief operating officer for ports and terminals Tiemen Meester tells Bloomberg. The Middle East is doing “relatively well,” with high economic activity spilling over into ports and freezone volumes, Meester said. Intra-Asian exports have also been cited as doing well, with good growth numbers in several countries, including Vietnam, Thailand, the Philippines, Malaysia and Indonesia. On the other hand, It's not looking so bright for northern Europe, North America or Australia, where there are volume declines and softening, weakening because of high inventories, he adds.

Global trade was little changed in September: Meester’s assessment of the global economy lines up with the Kiel Trade Indicator, which displayed that exports and imports fell last month across the EU, but rose in the US, while China’s exports rose, and its imports fell, the outlet writes. The indicator reflected that shipping globally has been “stable” with high volumes, less congestion and falling freight rates. Global trade had certain circles before, Meester added, but “now it seems everythings a little bit lopsided and upside down and it's very difficult to predict.”

Carrier giants Fedex and UPS are offering cost reductions to customers in anticipation of a sluggish holiday shipping season, The Wall Street Journal reports. ShipMatrix, a company that analyzes parcel-shipping information, predicts that during the upcoming holiday season, spanning from Thanksgiving to mid-January, carriers will handle 82 mn daily parcels, down from the previous year's average of 90 mn daily parcels. This decline coincides with a drop in demand for clothing, electronics, and consumer goods, as consumers shift their spending towards travel and services. “It’s not going to be a good peak. People are spending money on things that we don’t transport,” said president of ShipMatrix Satish Jindel. Rates for ocean freight and truck transport have also fallen.

These carriers now have less pricing power,as demand for overnight plane deliveries has fallen since last year and the truck driver shortage has eased. As competition has increased in the sector, customers are now also spreading their business to other carriers including DHL, OnTrac, and Amazon Shipping, which have been offering customers competitive rates.

AD Ports gets Egypt House sign-off on Safaga concession + Zajel sets up new freight forwarding department. PLUS: Updates from KSA’s Mawani, APM Terminals, and Saudi Electric Company

PORTS-

AD Ports one step closer to Safaga: The Egyptian parliament’s Transport Committee approved a draft bill allowing Egypt’s Transport Ministry to hand AD Ports a USD 200 mn 30-year concession to build, manage, operate, and maintain a multipurpose terminal at the Red Sea port of Safaga. The ministry is looking to upgrade Egypt’s ports with the help of international companies with expertise in port management and operation, the bill’s explanatory note said. The bill will be put up for discussion and voted on when the House reconvenes on 15 October.

More from Safaga- Egypt’s Red Sea Ports Authority inked a contract with the state-owned Canal Shipping Agencies and the Suez Shipping and Unloading Company for the management and operation rights of two cargo storage yards in Safaga Port. The contract spans seven years for a 24k square meter area and five years for a 5.1k square meter area.

The Saudi Ports Authority (Mawani)and the General Authority for Survey andGeospatial Information (GEOSA) have inked an MoU to coordinate their activities, according to a statement. The agreed-upon framework looks to boost the efficiency of government expenditure on surveying and geospatial studies at the Kingdom’s ports, streamline governance and data sharing between the concerned bodies, and promote research, trade, and logistics activities with the aim of bolstering the national economy, the statement said.

LOGISTICS HANDLING-

UAE logistics and courier Zajel has established a new freight forwarding department, according to a press release. The new freight forwarding department aims to cater to various industries and related projects in the region and abroad, and deliver logistics solutions to its clients via air, sea, and land transport, according to the release. The new department transported a mega oil and gas shipment of 500 tons of oil and gas equipment from UAE’s Jebel Ali Port to Iraq’s Umm Qasr Port, as part of its inaugural project, according to the release. The department transported these using break bulk, special equipment such as flat racks, open top containers, and standard containers.

APM Terminals has r eached almost half way of its ambition to run all global terminals on renewable electricity — with 40% of all its consumed electricity coming from renewable sources, according to a press release. The figure, described as a “modest calculation” by APM head Sahar Rashidbeigi, comes as the company announced last year its ambition to be fully carbon neutral, and is turning to equipment electrification, energy optimization, and renewable electricity such as solar energy, according to the release. The company is continuing to retrofit and replace equipment that run on fossil fuels with these alternatives, and has done so recently in Bahrain’s Khalifa Bin Salman Port with a USD 10 mn solar power project that will reduce terminal emissions by 65%.

TRANSPORT-

The Saudi Electric Company (SEC) has sna pped up a 25% stake in Electric Vehicle Infrastructure Company for SAR 254 mn,according to a disclosure on Tadawul. SEC, which is primarily owned by the KSA’ sovereign Public Investment Fund (PIF), is set to introduce 5k fast chargers across 1k locations in cities and roads connecting them by 2030. The company is looking to partner with EV companies to meet future charging demands, boost private sector involvement, and promote the domestic development of R&D and manufacturing of technologically advanced materials.

ALSO WORTH KNOWING-

Dubai Customs officials met with express shipping c ompanies to strengthen e-commerce operations and introduce a novel e-commerce platform to streamline supply chains, enhance distribution, and lower costs. (Wam)
Bahrain -based leasing company Zayani Leasing has signed an agreement to deliver a fleet of vehicles to quick-service restaurant Jasmi's Corporation as part of its efforts to expand its presence and support the growth of businesses in Bahrain. (Press release)
Saudi Arabia’s Transport Minister Saleh Al Jasser issued logistical licenses, signed agreements for short address services, and established training cooperation agreements with the Saudi Logistics Academy during meetings with officials from various companies. (Statement)
Abu D habi’s Integrated Transport Center (ITC ) has rolled out its Mobile Traffic Management Centre (Mobile-TMC), a mobile unit equipped with advanced technologies supported by AI and cutting-edge communication devices. The mobile unit is meant to help effectively manage traffic during special events. (Statement)

Calendar

OCTOBER

Egypt’s Suez Canal Economic Zone (SCZone) goes on a roadshow to South Korea.

8-10 October (Sunday-Tuesday): Saudi-Turkish Trade Summit, Istanbul, Turkey.

9-15 October (Monday-Sunday): 2023 World Bank Group - IMF Annual Meetings, Marrakech, Morocco.

10-12 October (Tuesday-Thursday): Intermodal Europe 2023, RAI Amsterdam, Netherlands.

10-12 October (Tuesday-Thursday): Cool Logistics Global 2023, Genoa Stock Exchange, Genoa, Italy.

16-17 October (Monday-Tuesday): Duqm Economic Forum, Crowne Plaza, Duqm, Oman.

19 October (Thursday): Perishable Logistics Africa, Nairobi, Kenya.

22-23 October( Sunday-Monday): Supply Chain and Logistics Conference 2023, Four Seasons, Riyadh, Saudi Arabia.

24-25 October (Tuesday-Wednesday): Future Fuels Europe, Amsterdam, Netherlands.

26-29 October (Thursday-Sunday): ICASM 2023, Conrad, Etihad Towers, Abu Dhabi, UAE.

30 Oct-2 Nov (Monday-Thursday): XLP AGM 2023, Barcelona, Spain.

30-31 October (Monday-Tuesday): Gartner Supply Chain Planning Summit, London, UK.

31 Oct-2 Nov (Tuesday-Thursday): IAPH World Ports Conference, Abu Dhabi, UAE.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

NOVEMBER

November: Abu Dhabi Airports Terminal A set to become operational.

1 November (Wednesday): Smart Maritime Network Dubai Conference, Conrad Dubai, UAE.

11-13 November (Saturday-Monday): GCC-Türkiye Economic Forum, Çırağan Palace Kempinski Hotel, Istanbul, Turkey.

9-15 November (Thursday-Wednesday): Intra-African Trade Fair, Cairo, Egypt.

15-17 November (Wednesday-Friday): Global Freight Summit 2023, Coca Cola Arena, Dubai, UAE.

13-17 November (Monday-Friday): Dubai Airshow, Dubai World Center, UAE.

14-15 November (Tuesday-Wednesday): Supply Chain & Logistics Arabia, Narcissus, Riyadh, Saudi Arabia.

14-17 November (Tuesday-Friday): IATA Slot Conference, Dubai World Trade Centre, Dubai, UAE.

15 November (Wednesday): Leaders in Logistics UAE Summit, Dubai, UAE.

21-23 November (Tuesday-Thursday): Intermobility Expo 2023, Dubai World Trade Center, Dubai, UAE.

21-23 November (Tuesday-Thursday): Touchdown Middle East, Gulf Hotel, Bahrain.

21-23 November (Tuesday-Thursday): ARABAL 2023 Conference, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.

23 November (Thursday): Global Supply Chain and Logistics Summit, Grand Millennium Hotel Business Bay, Dubai, UAE.

30 November-3 December (Saturday-Tuesday): Handling Expo, Egypt International Exhibition Center, Cairo, Egypt.

September-November: Emirates Postal Group’s “Logistics Unleashed” competition, UAE.

DECEMBER

10-11 December (Tuesday-Wednesday): Invest in Logistics, St.Regis Almasa Hotel, New Administrative Capital, Egypt.

EVENTS WITH NO SET DATE

2H 2023:Construction of Neom’s first hydrogen fueling station will kick off.

2H 2023: Expansion of Baghdad International Airport to begin.

3Q 2023: Design and supervision contract for Oman’s proposed Musandam Airport to be awarded.

Before the end of the year: The first phase of the Ain Sokhna port redevelopment will wrap.

2024

1Q 2024: Construction of phase 3 of Agility’s logistic park in Abidjan, Côte d'Ivoire to be completed.

1Q 2024: Egypt’s Transport Ministry to launch pre-qualification tender for Cairo-Alex freight railway.

1H 2024: Civil Construction subcontracts for construction firms in Oman for implementation of the Abu Dhabi - Suhar rail link to be announced.

King Salman Energy Park is set to become operational in 2024

FEBRUARY 2024

13th World Trade Organization Ministerial Conference, Abu Dhabi, UAE.

12-13 February (Monday-Tuesday): Breakbulk Middle East conference, Dubai Trade Centre, UAE.

12-15 February (Monday-Thursday): African Air Expo, Cape Town, South Africa.

28 February-1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, Dubai, UAE.

MARCH 2024

5-6 March (Tuesday-Wednesday): MRO Middle East, Dubai Trade Center, Dubai, UAE.

12-14 March (Tuesday- Thursday): IATA World Cargo Symposium, Hong Kong International Airport, Hong Kong.

20 March (Wednesday): Construction work scheduled to begin on the 162 km Rasht-Astara Railway in Iran.

APRIL 2024

30 April- 2 May(Tuesday-Thursday): Autonomous E-mobility Forum, Doha, Qatar.

MAY 2024

2-3 May (Thursday-Friday): Geneva Dry, Hotel President Wilson, Geneva, Switzerland.

21-23 May (Tuesday-Thursday): WAGA 2024, Riyadh, Saudi Arabia.

JUNE 2024

19-21 June (Wednesday-Friday): World Freezones Organization’s Annual International Conference and Exhibition, Bari, Italy.

NOVEMBER 2024

13-15 November (Wednesday-Friday): The Bahrain International Airshow, Sakhir Airbase, Bahrain.

DECEMBER 2024

10-12 December (Tuesday-Thursday): Middle East Business Aviation, DWC, Dubai, UAE.

2025

Mid-2025: Iraq will complete phase one of the construction of the Grand Faw Port.

DHL and Aramco’s logistics and procurement hub in Saudi Arabia will commence operations.

1Q 2025: Sadr Park’s Logistics Center in Riyadh to be completed.

2027

4Q 2027: Oman’s Musandam Airport construction to be completed.

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