Delivery Hero’s Middle East unit Talabat is the latest to see its shares drop on their debut, with shares falling 6.9% to AED 1.49 yesterday, Bloomberg reports, reversing earlier gains of up to 7.5%. Delivery Hero’s shares also took a hit, losing as much as 12% in Frankfurt. REMEMBER- The company raised over USD 2 […]
Author Archives: enterpriseam admin
Hassan Allam Utilities to develop an off-port terminal in King Abdullah Economic City
HAU to develop an off-port terminal in KAEC: Egyptian energy and infrastructure leader Hassan Allam Utilities (HAU) has signed a strategic partnership agreement with Saudi-based Nesma Holding’s logistics subsidiary Defaf United for Logistics to invest in and develop an advanced off-port terminal in King Abdullah Economic City (KAEC), the company said in a statement (pdf). […]
Milaha + ASSC ink long-term agreement for eco-friendly container vessels
Milaha will deploy two ships — dubbed MV Spirit of Kolkata and MV Spirit of Chenna — on the Arabian Gulf and the Indian Subcontinent services
Raya invests a USD 15 mn in Raya Data Center
This investment is in addition to USD 10 mn from Raya Information Technology, bringing the total ticket for this project to USD 25 mn.
Aviation, trade, shipping and project updates from KSA, Egypt and UAE
Stories on our radar this morning from around the region
DECEMBER 10-11 December (Tuesday-Wednesday): Rail Industry Summit, Casablanca, Morocco. 10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai, UAE. 20 December (Wednesday): The Iran-Senegal Joint Economic Cooperation Commission, Dakar, Senegal. JANUARY 2025 20-24 January (Monday-Friday): World Economic Forum Annual Meeting, Davos, Switzerland. 27-29 January (Monday-Wednesday): World Cargo Summit, Ostend, Belgium. 28-29 January (Tuesday-Wednesday): Green Shipping Summit, […]
TODAY: A new Riyadh logistics complex + Jazeera Airways acquires six new aircraft
What we’re tracking this morning regionally and around the world