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The data center has a capacity of 6 MW, making it one of the largest in the region
Author Archives: enterpriseam admin
Posted inEarnings Watch
Qatar’s Milaha records a decline in net income in 3Q 2023 due to falling container volumes + EasyLease sees bottomline fall amid expansion efforts
The maritime firm felt the impacts of falling container volumes and rates, with a c.74% decline in net income
Posted inDiplomacy
Saudi Arabia, South Korea ink MoUs to boost transport ties + UAE, Singapore to boost trade. PLUS: More from Iraq, Egypt Jordan, Iran and Saudi Arabia
Saudi Arabia + South Korea set to boost transport cooperation: SouthKorean President Yeon Suk-yeol held discussions with Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, as well as several other high-level officials, during the Saudi-Korean Investment Forum held in Riyadh, on boosting transportation ties, Saudi press agency SPA reports. The countries inked 52 MoUs, with 42 […]
Posted inLogistics in the News
CMA CGM chief sees shipping rates continuing to normalize well into next year, while Bloomberg’s out with an op-ed on global crises’ impact on freight rates
CMA CGM head doesn’t see shipping headwinds subsiding anytime soon, but no need to panic: CMA CGM CEO Rodolphe Saadé has said that the rapid decline in profits seen recently by carriers represents a readjustment to pre-pandemic levels, reported the Wall Street Journal. The head of the world’s third largest carrier expects little change over […]
Posted inMoves
Qatar Airways Group CEO Akbar Al Baker steps down after 27-year tenure
Qatar Airways Group CEO Akbar Al Baker is resigning on 5 November after a 27-year tenure, Reuters reports, citing a memo it has seen and a source. Al Baker has been at the helm of Qatar Airways since three years after its launch in 1997, and has overseen its growth into a major international and […]
Posted inAlso on Our Radar
India’s IPGL looks to the UAE for equipment for Iran’s Chabahar port + more customs digitization in Dubai
SHIPPING + MARITIME- India’s IPGL to source equipment from Gulf-based firms to use at Iran’s Chabahar Port: India’s state-owned India Ports Global (IPGL), which was formed to develop and run Iran’s Chabahar Port,is reportedly looking to purchase cranes and other container handling equipment from entities based in the Gulf for use at the port, ETInfra […]
Posted inAround the World
Key US-Canada trade artery shuts down due to union strike + China, Russia could boost trade through Northern Sea route, though NATO has its concerns
Saint Lawrence Seaway shuts down after union walkout: The Saint Lawrence Seaway, a major trade artery that is jointly managed by the US and Canada, was forced to shut down after Canada’s leading trade union Unifor organized a worker walkout on Sunday morning, Bloomberg reported. The stoppage is expected to affect some 100 vessels along […]
Posted inCalendar
OCTOBER Egypt’s Suez Canal Economic Zone (SCZone) goes on a roadshow to South Korea. 24-26 October ( Tuesday-Thursday): Parcel + Post Expo 2023, RAI Amsterdam, Netherlands. 26-29 October (Thursday-Sunday): ICASM 2023, Conrad, Etihad Towers, Abu Dhabi, UAE. 28-29 October (Saturday-Sunday): G7 Trade Ministers Meeting, Osaka International Convention Center, Sakai, Osaka, Japan. 30 Oct-2 Nov (Monday-Thursday): […]
Posted inWhat we're tracking today
TODAY: Tropical cyclone hits Oman, shuttering Salalah port + could Israel face a regional oil embargo?
Good morning, friends. We have a packed issue for you this morning, with tons of news from DP World and a lot of movement on ports and zones across the region. THE BIG LOGISTICS STORY- DP World inked a 30-year concession agreement with Tanzania Ports Authority to operate and modernize Dar es Salaam Port in […]