The project could be part of Iraq’s USD 17 bn Development Road project linking the MENA region with Europe and Asia
Author Archives: enterpriseam admin
GFH Partners acquires USD 150 mn of logistics assets in KSA + UAE
The portfolio includes light industrial and cold storage facilities, as well as distribution and warehousing assets
MSM Logistics to build AED 85 mn storage warehouse in Abu Dhabi's ADAFZ
The agreement will see MSM Logistics build a 16.5k square meter warehouse that can be split into three areas for storage
UAE, India eye new virtual trade corridor + KSA, India to build clean energy supply chain. PLUS: More from Iran, Algeria, Tunisia, and Saudi Arabia
India, UAE discuss possibility of launching virtual trade corridor: The 11th meeting of the UAE-India High Level Joint Task Force on Investments saw officials from the two countries discuss the Abu Dhabi-India Virtual Trade Corridor, which seeks to boost trade volumes by creating data exchange systems that streamline paperless trade between the two nations, Wam […]
Aramex rolls out EV fleet in UAE + Royal Jordanian to kick off capital restructuring program. PLUS: More from Adnoc L&S, Etihad Cargo and others
LAST MILE- Aramex has introduced fully electric vehicles (EVs) to its last mile delivery fleet in the UAE, according to a press release. The move is part of a larger company drive to achieve carbon neutrality by 2030 and to become net-zero by 2050, and it builds on earlier initiatives by Aramex in Jordan and […]
CMA CGM teams up with Renault, Volvo on new electric van company + US trade deficit narrows on falling imports
CMA CGM, Renault, and Volvo pool resources for new electric van company: Renault Group and Volvo Group have inked binding agreements to kickstart a new company where they will each initially hold equal ownership stakes and invest EUR 300 mn apiece over a three year timeframe, according to a company statement. CMA CGM has inked […]
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, […]
TODAY: Road and infrastructure projects courtesy of Egypt and Iraq + Egypt to resume LNG exports this month
Good morning, lovely people. We wrap this busy week with another packed issue, with fresh PMI data from the UAE and a mixed bag of news spanning M&A, ports and more. THE BIG LOGISTICS STORY- T he UAE’s non-oil business sector expanded at a fast pace in September on the back of a record increase […]