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Shipping, trade, and aviation updates from Saudi Arabia, Egypt and the UAE

by enterpriseam adminLogistics (MENA)
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SHIPPING + MARITIME-

Saudi Arabian Mining Ma’aden has inked a letter of intent with the Saudi national shipping carrier Bahri to leverage the would see the mining giant leverage Bahri’s logistics network to ramp up its exports, according to a statement from Bahri.

What they said: "As a global exporter, access to Bahri’s extensive shipping capabilities ensures that Ma’aden can support localization of the maritime industry in Saudi Arabia,” said Ma’aden CEO, Bob Wilt.

TRADE-

Egypt wants African countries to respect custom exemptions: The Trade Ministry has contacted Comesa in an effort to get Congo, Somalia, Uganda, and Eswatini to implement the customs exemptions stipulated in the bloc’s trade agreement, Al Borsa reports, citing unnamed sources. The four countries in question and Ethiopia — which has only implemented 10% of the exemptions — claimed that their dire economic conditions require them to maximize customs revenue.

AVIATION-

Flydubai launched direct flights to Basel, Switzerland, making it the first UAE national carrier to fly to Basel, and bringing its European network up to 29 destinations, Wam reports. The service will operate four times weekly between Dubai International and EuroAirport Basel-Mulhouse-Freiburg, a France-based airport serving Switzerland, France, and Germany.

PORTS-

S&P Global upgraded Abu Dhabi Ports’ credit rating to A+ with a stable outlook, according to a statement. The agency cited revenue growth and asset monetization initiatives as the reasons for the upgrade.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • First Dekheila-East Port Said rail cargo delivery: The first rail cargo shipment has been launched from El Dekheila Port to East Port Said Port. (Statement)
  • Ezdiket looks to boost trade with GCC: KSA’s leading data center and digital infrastructure service provider Ezditek has joined the Gulf Data Center Association (GDCA) to promote growth and innovation for the region’s digital infrastructure. (Press release)
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