AD Ports eyes USD 2 bn investments in Indian state Maharashtra’s maritime sector

1

What we're tracking today

TODAY: AD Ports eyes USD 2 bn investments in India + Iraq secures developers of airport, FSRU

Good morning, friends. We’re finishing the week strong with a packed issue, led by news about AD Ports’s possible USD 2 bn investments in India, and CMA CGM exploring investing in a new terminal in Jeddah port. PLUS: A slew of debt, zones, ports, startups, and earnings updates from across the region.

HAPPENING TODAY-

US President Donald Trump and China’s own Xi Jinping met today for the first time in over six years, amid reports that the leaders of the world's biggest economies were set to sign a trade pact that would tone down their trade sparring.

We still don’t have an official statement from either China or the US, but Trump emerged happily from the meeting, telling reporters the meeting was “amazing” and that he rates it at a “12” on a scale of one to 10, NBC reported.

What we know so far: Trump said he will lower tariffs on China by 10%, adding that China also pledged to resume purchases of US soybeans, which the Asian giant halted earlier this year as leverage, given it is one of the biggest buyers of the US agricultural commodity.

WATCH THIS SPACE-

#1- We have a winning consortium for Baghdad airport ticket: Iraq awarded a consortium led by Luxembourg-based Corporation America Airports the contract to develop and operate Baghdad International Airport, Reuters reports, citing a statement from the Iraqi Prime Minister Office. The consortium will invest some USD 764 mn into the project, which includes infrastructure rehabilitation, a new passenger terminal, and a revamp of the air cargo building, according to a statement seen by Shafaq News.

This means it’s a wrap for the Asyad Holdings-led consortium, which was among the three groups shortlisted for the 25-year public-private partnership contract. The consortium also included China’s Top International Engineering Corporation, Turkey’s YDA İnşaat, Bahrain’s Lamar Holding, and Ireland’s Dublin Airport Authority.

Background: The airport began accepting bids for the revamp in July, with the project previously earmarked for USD 400-600 mn. The project was backed and put together with the help of the International Finance Corporation (IFC). The IFC partnered with the Iraqi government as a transaction advisor for the 2023 project to rehabilitate Baghdad International Airport. The IFC agreed to conduct due diligence and propose a transaction structure before issuing a tender to attract private investors.

#2- New logistics zones incoming in Egypt: The Egyptian cabinet approved a draft presidential decree allocating three plots of state-owned land in North Sinai to the General Authority for Land and Dry Ports, according to a statement. The three plots include 603 feddans in Rafah, 352 feddans in Al Hasana, and 527 feddans in Baghdad. The move comes as part of the government’s plan to position Egypt as a global gateway for trade and logistics — including the development of several logistics zones in Sinai linked to Al Arish-Taba integrated logistics corridor.

Wait, there’s more: The Transport Ministry is reportedly planning to set up an integrated logistics hub in the new capital spanning 318 feddans at an estimated cost of USD 100 mn, Asharq Business reports, citing sources it says are in the know. The project will be developed by a private-sector company selected by direct award.

Part of a bigger plan: The ministry aims to fast-track the project to coincide with the launch of the country’s high-speed rail line, which will be used to transport cargo between the logistics zone and seaports.

#3- Alpha Dhabi reverses course on investment in Indonesian road toll infrastructure: Abu Dhabi-based holding company Alpha Dhabi has terminated discussions with Indonesian toll road developer PT Bakrie Toll Indonesia over a potential investment in road toll infrastructure in the country, according to a disclosure (pdf) to the ADX yesterday. The company had entered a non-binding agreement with the Indonesian firm earlier in September, but remained at a preliminary stage. No reason was provided for the termination of the agreement.

#4- A trade agreement between the UK and GCC can be reached “very soon,” Reuters quoted UK Finance Minister Rachel Reeves as saying earlier this week. Reeves — on the first visit to the region by a British finance minister in six years — met with Commerce Minister Majid Al Qasabi to talk trade, economic relations, and promising sectors and will hold talks with counterparts from Bahrain, Kuwait, and Qatar to advance negotiations with the block.

MARKET WATCH-

#1- Oil prices dropped slightly this morning, sustaining most of the major gains they made during Wednesday’s trading on the back of hopes of a US-China agreement, Reuters reports. Brent crude futures were down USD 0.04 to USD 64.88 / bbl as of 04:11 GMT, while US West Texas Intermediate (WTI) decreased USD 0.09 to trade at USD 60.39 / bbl.

Meanwhile, Global oil demand is now expected to peak in 2032, as transport and petrochemicals keep hydrocarbons in the system for longer, Reuters reports, citing Wood Mackenzie’s latest Energy Transition Outlook. The consultancy links the delay to persistent fossil fuel use reinforced by AI-driven power demand and geopolitical tensions, noting that these trends have pushed 2050 net-zero targets out of reach.

Talking demand: Liquids demand is seen topping out at 108 mn bbl / d in 2032, with gas consumption projected to stay firm well into the 2040s. China’s oil demand — at 16 mn bbl /d this year — could fall by 35% by 2060 on the back of accelerating EV uptake. However India, Southeast Asia, and Africa are set to remain the main engines of demand growth.

Talking financing for net-zero: Hitting a 2°C pathway would require annual investment of USD 4.3 tn between 2025 and 2060 — roughly 30% above current pace — for the energy system to achieve net zero by 2060, Reuters added, citing WoodMac. That implies energy spending rising from 2.5% of global GDP to 3.5% within the next decade.

#2- Baltic breaks its losing streak: The Baltic Exchange’s dry bulk sea freight index — which tracks rates for the capesize, panamax, and supramax vessel segments — rose 0.6% to 1,961 points on Wednesday, driven by the larger-size segment. The capesize increased 2.1% to 2,843 points, while the panamax index shed 1% to 1,885 points. The smaller supramax index shed 8 points to 1,342.

#3- European aircraft manufacturer Airbus is expecting the global air cargo market to grow 3.3% per year over the next 20 years, despite newbuild delivery delays and supply chain snags, according to a statement. The forecast is based on long-term trade predictions, putting the compound annual growth rate at 2.7% globally over the next two decades. The firm is predicting the global freighter fleet will grow by 45% to 3.42k aircraft by 2045 — made up of 1.6k jets converted from passenger and 935 specialized freighter newbuilds. Of the total demand for 2.6k freighter jet deliveries, nearly two-thirds will come from Asia-Pacific and North America.

***YOU’RE READING EnterpriseAM Logistics, the essential MENA publication for senior execs who care about the industry that connects producers and retailers to global markets. We’re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.

EnterpriseAM Logistics is available without charge thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.

Were you forwarded this email? Tap or click here to get your own copy of Enterprise Logistics.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on logistics@enterprisemea.com.

DID YOU KNOW that we also cover Egypt, Saudi Arabia, and the UAE ***

CIRCLE YOUR CALENDAR-

The UAE will host the Adipec Maritime and Logistics Exhibition and Conference on Monday, 3 November until Thursday, 6 November in Abu Dhabi. The conference will host over 250k attendees working in government entities, finance, and tech.

The UAE will host the Air Cargo Forum on Tuesday, 4 November until Thursday, 6 November in Abu Dhabi. The forum — hosted by Etihad Cargo — will bring together air freight industry leaders, policymakers, innovators, and stakeholders to discuss industry solutions, tech, strategies, and collaborative initiatives for global air logistics.

Egypt will host the TransMea Expo on Sunday, 9 November until Tuesday, 11 November in Cairo. The expo will host regional and international players in the transport industry to explore tech, new smart solutions, and products for transport and logistics services.

The UAE will host the Dubai Airshow on Monday, 17 November until Friday, 21 November in Dubai. The event will host over 1.5k exhibitors and 148k industry experts from over 150 countries, to discuss air mobility, new MRO breakthroughs, sustainable aviation, startups, and new tech for aircraft simulations.

Saudi Arabia will host the ShipTek International Conference and Awards on Tuesday, 18 November in Al Khobar. The conference will host policy makers, organizations, suppliers, and experts on maritime, offshore, and oil and gas.

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

AD Ports to explore USD 2 bn investments in Indian state Maharashtra’s maritime sector

Abu Dhabi is exploring investing upwards of USD 2 bn (INR 176 bn) in India’s Maharashtra’s ports, shipbuilding, and ship recycling sectors, according to a statement from Maharashtra’s Ports Development Minister Nitesh Rane on X. The investments will be explored under an MoU inked between Abu Dhabi Ports Group, Abu Dhabi Investment Office, and Maharashtra Ports Department.

IN CONTEXT- India and the UAE are planning to expand their 10-year trade agreement to cover eight new sectors — including logistics — with an aim of more than USD 100 bn in annual bilateral trade. Last year, India and the UAE inked several agreements on bilateral trade, including setting up a multi-modal trade corridor.

Maharashtra’s maritime sector might be in hot demand: The second-most populous state in India has recently secured MoUs exploring investments totaling c. USD 6.3 bn in the shipping sector from over half a dozen players, including Adani Ports and Special Economic Zone and JSW Infrastructure, earlier this week, the Economic Times reported. Adani Ports will explore investing c. USD 4.8 bn in ports and industrial facilities in Dighi, whereas JSW Infrastructure is looking into investing c. USD 420 mn in Jaigarh and Dharamtar ports.

AD Ports has been eyeing India for some time: Earlier in 2024, AD Ports inked two MoUs with Indian port operator Gujarat Maritime Board and transport and infrastructure company Rites to explore investments in port expansions, logistics parks, economic and freezones, rail, and other infrastructure.

ALSO FROM INDIA + UAE: DP World’s marine and ship repair subsidiary Drydocks World inked a head of terms agreement with India’s Cochin Shipyard to set up India’s first ship repair cluster at the International Ship Repair Facility in Cochin, Kerala, according to a press release. Several international shipping routes pass by the facility, and the tie-up looks to boost its position as a key ship repair hub.

ICYMI- Earlier this year, the two entities inked an MoU to develop a ship repair cluster in Kochi and Vadinar, aiming to strengthen its maintenance capacity and repair facilities.

REMEMBER- DP World already holds an extensiveportfolio in India, spanning industrial parks, logistical zones, rail, and ports. The port operator launched operations at the Vallarpadam terminal in the Cochin Economic Zone last year — and operates Mumbai’s Nhava Sheva Business Park and Chennai’s Integrated Chennai Business Park as well. The firm also operates five container terminals in India’s Mundra, Cochin, and Chennai, as well as two in Mumbai. The Emirati major also inked an MoU earlier this year to pilot the deployment of autonomous magnetic rail (MagRail) freight movement solutions in India.

IN OTHER PORT UPDATES FROM SAUDI

RSGT eyes new JV with CMA CGM: Saudi’s Red Sea Gateway Terminal (RSGT) has inked a term sheet for a potential joint venture (JV) with French logistics giant CMA CGM’s subsidiary CMA Terminals to invest in Jeddah Islamic Port, according to a statement. If finalized, the JV would build and operate a new terminal — Terminal Four — at the port, with a planned 2.6 mn TEU capacity at an investment of SAR 1.7 bn (USD 450 mn).

In the works for some time: The potential sub-concession would fall under RSGT’s existing long-term agreement with Saudi Ports Authority (Mawani) — signed back in 2020 — that includes an option for RSGT to expand the port’s capacity by establishing a new terminal on an allocated plot of land. The move also aligns with RSGT's target to expand its handling capacity to 8.8 mn TEUs per annum, in line with Saudi Arabia’s Vision 2030.

Right on cue? RSGT announced plans to invest some SAR 1.6 bn as part of its 20-year concession for the Kingdom’s four western ports — Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port, and Jazan Port in June. RSGT plans to invest SAR 672 mn (USD 180 mn) in the next five years alone to enhance infrastructure, equipment, and technology in the ports.

DATA POINT- The total volume of handled cargo — both unloaded and loaded — across Saudi ports exceeded 334.5 mn tons in FY 2024. Of that, Jeddah Islamic Port handled some 14.1% of cargo in the Kingdom.

Jeddah’s been getting a lot of attention: Mawani and Dubai-based DP World inaugurated the SAR 3 bn (USD 800 mn) South Container Terminal at Jeddah Islamic Port in March after a multi-year expansion and development work. The expansion has increased the terminal’s handling capacity to 4 mn TEUs.

Construction tech and supply chain firm BRKZ bags up to USD 30 mn in growth debt from Stride Ventures

Riyadh-based construction tech and supply chain firm BRKZ raised up to USD 30 mn in growth debt from Indian venture capital firm Stride Ventures, Wamda reported on Tuesday. The company has previously secured around USD 22.5 mn through earlier equity rounds, including a USD 17 mn series A funding round.

Where will the money go? The funds will be used to expand the firm’s financing enablement capabilities, giving contractors and factories across Saudi Arabia more flexible payment options and stronger cashflow support, founder and CEO Ibrahim Manna told EnterpriseAM. It will also use a portion of the capital to develop its procurement process.

The Saudi market is the top priority: The company is focused on expanding its presence in Saudi Arabia while maintaining active trade routes with China, India, the UAE, and Europe, Manna said. It sources raw materials from India and China and benefits from the UAE and Europe for logistics and quality advantages. Future expansion is being considered in the UAE and Qatar, driven by strong construction activity and market similarities with Saudi Arabia.

What’s next? The company plans to focus on scaling up its factories and raw materials segment while continuing to invest in AI-driven procurement tools, Manna added. It is also doubling down on cloud manufacturing models and supply/offtake arrangements.

The company is also currently engaging with investors and venture capital firms to prepare for its upcoming Series B round, Manna mentioned. It aims to attract partners who can add value beyond capital, particularly in areas like technology, fintech, and regional expansion.

About BRKZ: Founded in 2022 by Ibrahim Manna (LinkedIn), BRKZ provides a B2B platform that connects suppliers and contractors in the construction industry, aiming to address the fragmented, manual procurement processes. BRKZ served over 850 contractors and processed USD 350 mn in RFQs in 2024, supporting gigaprojects like Neom and Red Sea.

Kemet, Emirati-Chinese Al Qalaa Red Flag to invest USD 3.5 bn in three SCZone plants

Kemet Industries and Emirati-Chinese Al Qalaa Red Flag will invest USD 3.5 bn in three “giant industrial projects” in the Sokhna Industrial Zone under an MoU inked between the two, according to a Suez Canal Economic Zone (SCZone) statement. The timeline for the projects was not disclosed.

The projects include a seamless steel pipe factory, which will have a targeted annual production capacity of 250k tons. Output will help supply the country’s wide-ranging infrastructure and urban development projects while reducing the country’s import bill, according to the statement.

The second factory will produce car tires and will roll out (excuse the pun) 12-15 mn units a year, which will help bolster the automotive feeder industry and help meet local needs.

The third factory will produce fiber optic cables, supporting the local infrastructure and communications sector, according to the statement. The factory will support the country’s digital transformation and move toward better and faster internet.

ALSO- Al Ahram Chemicals and Resins will invest USD 10 mn in an industrial complex to produce formaldehyde and its derivatives, according to another SCZone statement. The planned project in Sokhna Industrial Zone will create 150 jobs and have an annual production capacity of 25k tons of formaldehyde and 25k tons of urea-formaldehyde. Production will kick off in early 2027.

Iraq taps Excelerate for floating natgas platform in Khor Al Zubair Port

Excelerate’s FSRU en route to Iraq: Opec+ member Iraq has inked a USD 450 mn definitive commercial agreement with US-based firm Excelerate Energy to develop the country’s first floating storage and regasification unit (FSRU) at Basra’s Khor Al Zubair Port, according to a statement. The agreement would see Excelerate develop the FSRU and provide the required regasification services and LNG supply for operation for a period of five years, subject to extension.

ICYMI- Baghdad first awarded the contract to Excelerate Energy in early October to develop its planned floating liquefied natural gas import terminal.

The details: Excelerate will deploy its newest FSRU, the Hull 3407, with commercial operations slated to commence in 2026 — subject to final approvals, build timelines, and remaining closing conditions. Iraq would take up a minimum amount of 250 mn scf/d of natural gas from Excelerate.

About the FSRU: Hull 3407 boasts a storage capacity of 170k cbm and a regasification capacity of up to 1 bn scf/d. The unit — currently under construction by HD Hyundai Heavy Industries in South Korea — will also include boil-off gas management, a process that ensures efficient management by capturing evaporating gas when LNG is stored and transported.

IN CONTEXT- The floating LNG terminal will allow Iraq to access global LNG markets, cap its reliance on imported pipeline gas, and strengthen Iraq’s energy security amid US pressure to cut reliance on Iranian energy imports. The project also represents a collaboration between the US and Baghdad — after the US abrogated a waiver in March to allow Iraq to import Iranian electricity, undermining Iraq’s power output, as the country depends on electricity and natural gas imports.

Logexa bags USD 2 mn in a pre-Series A funding round

Jeddah-based logistics tech company Logexa has secured USD 2 mn in a pre-Series A funding round, Waya reports. The funding round witnessed the participation of Seedra Ventures, Nour Nouf Ventures, and a group of angel investors.

Where will the money go? The company plans to use the funds to expand its operations across several cities in the Kingdom, develop its technology platform, build an integrated digital marketplace, and enhance its digital solutions, including real-time tracking and data analytics applications.

About Logexa: Founded in 2021 by Husam Sendi (LinkedIn) and Husam Sabano (LinkedIn), Logexa is a digital logistics platform that connects storage and transport service providers with users through a unified digital interface. It operates through a model that aims to capitalize on underutilized storage and transport spaces.

More 2025 earnings come in

DUBAI AEROSPACE ENTERPRISE-

Dubai Aerospace Enterprise (DAE) saw its bottom line grow 82.3% y-o-y to USD 566.7 mn in 9M 2025, which management attributed to stronger operating performance and ins.-related recoveries, according to an earnings release (pdf). The firm’s revenues increased 25.6% y-o-y to USD 1.3 bn during the same period, driven largely by higher lease revenues from newly acquired aircraft.

Fleet expansion is a priority: The firm acquired 249 owned aircraft, managed 114, and sold 48 owned aircraft, according to the release. The total fleet size of its aircraft leasing division — DAE Capital — reached 726, with 34% of the fleet concentrated in the Americas, followed by 17% in Europe, and 13% in the Middle East.

A record year for DAE: DAE recorded a 195.9% y-o-y increase in its net income to USD 440.3 mn in 1H 2025, while its top line rose 24.2% y-o-y to USD 843.6 mn for the same period, which management attributes to rising maintenance returns and lease revenues from newly acquired aircraft.

BAHRI-

Bahri brings in steady 3Q earnings: The National Shipping Company of Saudi Arabia (Bahri) saw its bottom line edge up 0.9% y-o-y to SAR 513 mn in 3Q 2025, according to a Tadawul disclosure. The company recorded a 9.6% y-o-y increase in its top line to SAR 2.5 bn, mainly driven by improved global shipping rates across most of its segments.

The breakdown: Bahri’s oil transportation segment carried the company’s top line growth, with the division’s revenue surging by SAR 311 mn y-o-y. Meanwhile, the shipper’s dry bulk revenues dropped by SAR 54 mn, and its chemicals division fell by SAR 29 mn due to weaker global shipping rates for these segments.

This is a reversal from last quarter's y-o-y performance, which saw the shipper’s net income plummet 44.4% y-o-y to SAR 407.5 mn in 2Q 2025, while its revenue fell 9.3% y-o-y to SAR 2.5 bn.

Making moves: Bahri recently added the last very large crude carrier (VLCC) in its nine-vessel order earmarked at USD 1 bn — bringing its total operational fleet to 50 of the advanced vessel model. The firm also signed a SAR 762 mn agreement this month with International Maritime Industries to build six geared ultramax dry bulk vessels, scheduled for delivery in batches between 2028 and 2029.

NAKILAT-

Nakilat reports a strong 3Q: Qatar Gas Transport Company Nakilat recorded a 3% y-o-y increase in its bottom line to QAR 1.31 bn in 3Q 2025, largely driven by expanded earnings from wholly owned vessels and capped finance costs, according to an IR presentation (pdf). The Qatari firm’s top line grew 3.3% y-o-y to QAR 3.39 bn — buoyed by boosted performance on LPG vessels and shipyard activities. The firm’s total expenses dipped 0.3% y-o-y to QAR 2.16 bn.

Behind the numbers: The firm attributes its growth to fleet expansion — scheduled to hit 112 carriers once all new builds on order are delivered. The company currently has 27 174k-cbm LNG carriers on order, with deliveries set for 2026 and beyond, as well as nine 271k-cbm QC-Max carriers and four 88k-cbm LPG carriers.

Big expansions already in the works: Nakilat inked an initial financing agreement package with Export-Import Bank of Korea in July. Construction on 17 LNG carriers commissioned by Nakilat kicked off at South Korea’s Hyundai Heavy Industries shipyard in May. The vessels — whose capacities stand at 174k cbm each — were commissioned by QatarEnergy to expand its LNG-moving fleet and replace older vessels.

Ajex lands a new storage hub in the Kingdom

STORAGE + WAREHOUSES-

Ajex opens temperature-controlled storage hub in KSA: Saudi Arabia’s Ajex Logistics has launched a logistics center in Riyadh — the first in the Kingdom to be good manufacturing practices-GxP certified, according to a statement. The facility, spanning 3k sqm, boasts multiple temperature-controlled storage zones to support the healthcare sector, including biologics, vaccines, and temperature-sensitive drugs, the statement adds. The hub aligns with the Kingdom’s cold chain network, with Ajex offering temperature-controlled delivery options.

ZONES-

The Suez Canal Economic Zone broke ground on two Chinese textile and garment factories with combined investments of USD 20.5 mn, the zone said in a statement. The two projects from Top Credit and Top New Garment in the West Qantara Industrial Zone will create some 4.6k direct jobs.

Top Credit will invest some USD 13.3 mn in its factory, which is expected to create around 600 jobs. As with many other similar projects, exports are the name of the game, with 80% of 28k tons of annual output earmarked for export.

Top New Garment’s project will cost USD 7.2 mn and employ a sizable 4k workers directly. All of the 25 mn garments produced each year by the factory will be exported.

AVIATION-

Etihad Cargo expands its freighter capacity: Etihad Airways’ cargo arm Etihad Cargo is slated to boost its freighter network by adding additional routes and flights this winter, according to a statement. The Abu Dhabi-based carrier added more freighter services to Saudi Arabia’s Riyadh, the UK’s East Midlands, France’s Paris Charles de Gaulle, and Germany’s Frankfurt. It will also expand capacity across key Asian markets, adding extra flights to Shanghai, Hong Kong, Shenzhen, and Ezhou.

Calendar

OCTOBER

28-30 October (Tuesday-Thursday): Borneo International Maritime Week, Sarawak, Malaysia.

NOVEMBER

3-6 November (Monday-Thursday): Adipec Maritime and Logistics Exhibition and Conference, Abu Dhabi, UAE.

4-6 November (Tuesday-Thursday): Air Cargo Forum, Abu Dhabi, UAE.

9-11 November (Sunday-Tuesday): TransMea Expo, Cairo, Egypt.

11-13 November (Tuesday-Thursday): Freightcamp, Bangkok, Thailand.

17-21 November (Monday-Friday): Dubai Airshow, Dubai, UAE.

18 November (Tuesday): ShipTek International Conference and Awards, Al Khobar, Saudi Arabia.

DECEMBER

6 December (Saturday): International Procurement Supply Chain Conference, Cairo, Egypt.

9-10 December (Tuesday-Wednesday): Rail Industry Summit, El Jadida, Morocco.

16-17 December (Tuesday-Wednesday): Saudi Airport Exhibition, Riyadh, Saudi Arabia.

JANUARY 2026

19-23 January (Monday-Friday): World Economic Forum Annual Meeting, Davos, Switzerland.

27-28 January (Tuesday-Wednesday): SkyMove Air Cargo MENA, Riyadh, Saudi Arabia.

27-28 January (Tuesday-Wednesday): Middle East ProcureTech Summit, Dubai, UAE.

FEBRUARY 2026

4-5 February (Wednesday-Thursday): Breakbulk Middle East, Dubai, UAE.

4-5 February (Wednesday-Thursday): MRO Middle East, Dubai, UAE.

15-17 February (Sunday-Tuesday): World Advanced Manufacturing Logistics Summit and Expo, Riyadh, Saudi Arabia.

25-27 February (Wednesday-Friday): Air Cargo Africa, Nairobi, Kenya.

MARCH 2026

10-12 March (Tuesday-Thursday): World Cargo Symposium, Lima, Peru.

Sections

About

Privacy & Support

Get EnterpriseAM daily