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Author Archives: enterpriseam admin
DP World to issue USD 1 bn maiden green sukuk
The port operator is on an aggressive expansion spree
Brands for Less plans KSA distribution center to meet growing demand
The SAR 60 mn facility will have the capacity to store 3 mn products
Menzies loses its appeal to regain access to Namibia’s Windhoek International Airport
The company was said to have no rights to resume its operations at the airport
Abu Dhabi Exports Office inks USD 100 mn revolving loan agreement with Egyptian state bank to fund Emirati imports
The loan will fund Emirati imports and boost cross-border trade between the two countries
Saudi Arabia, Iran exchange ambassadors following decades-long rift + UAE, Egypt eye stronger trade, logistics ties
Saudi Arabia and Iran have exchanged ambassadors, marking the re-establishment of relations following a decades-long diplomatic rift, Gulf News reports. Saudi Ambassador to Iran Abdullah bin Saud Al Anzi arrived in Tehran on Tuesday, where he highlighted the importance of strengthening relations and communication between both countries, and cooperating within a “strategic perspective,” Saudi press […]
Panama Canal crisis could last another 10 months + Ro-ro capacity shortage makes way for more cars in containers. PLUS: Maersk teams up with Amazon
T he Panama Ca nal’s traffic delays will continue for another 10 months, affecting US East and Gulf Coast ports, the American Journal of Transportation(AJOT) reports, citing an analyst at shipbroker Intermodal. The transit restrictions will increase the backlog of vessels at the canal further as the distribution continues into the peak holiday season, Intermodal’s […]
AI firm G42 has teamed up with Microsoft to expand data center infrastructure in the UAE + Oman floats tenders for new road projects
DATA CENTERS- A bu Dhabi-based AI firm G42 is partnering with Microsoft to expand existing data center infrastructure in the UAE, according to a press release. The agreement will enable the UAE’s public sector and regulated industries to use new platform capabilities to secure sensitive data, providing access to cloud and AI features on Microsoft’s […]
MSC loses appeal to limit USD 200 mn in damage costs for Flaminia case + Chinese shipbuilder to build two of the world’s largest ammonia carriers
MSC faces USD 200 mn bill after its appeal to limit liability in 2012 Flaminia case was denied: A UK Court of Appeal has rejected an appeal by Mediterranean Shipping Company (MSC) to limit its liability for losses incurred in the 2012 MSC Flaminia incident, Splash reports. In 2021, an admiralty judge ruled in favor […]