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Saudi Arabia and Qatar’s non-oil business sector saw strong growth in September, while Egypt’s contracted further amid rising backlogs and prices
Author Archives: enterpriseam admin
Posted inM&A Watch
AD Ports’ Noatum acquires Sesé’ Auto Logistics
The acquisition will help AD Ports expand further into Europe and acquire a bigger share in the vehicle logistics market
Posted inDebt Watch
IFC mulls USD 175 mn loan to back expansion at Egypt’s Port Said port
The IFC will also provide the SSCT with risk management products in the form of interest rate swaps
Posted inDiplomacy
Iraq, Russia discuss Development Road project + Qatar, Grenada to boost cargo flights
Ira q, Russia discuss bilateral relations in transport sector: Iraq’s Transport Minister Razzaq Al Saadawi and Russian Presidential Aide Igor Levitin met in Baghdad yesterday to discuss cooperation in transport projects, including Iraq’s USD 17 bn Development Road project, according to a statement. Levitin expressed Russia’s willingness to take part in the project. Qa tar […]
Posted inLogistics in the News
The WTO is in need of reforms to avoid irrelevance, trade experts say
Is the World Trade Organization losing its relevance? The growing number of unresolved trade disputes and export restrictions is pointing to the trade watchdog’s fading importance in the global trade landscape, Reuters reports. Unresolved disputes left in limbo since the US’ halting of new judge appointments in late 2019, coupled with an increase of export […]
Posted inAlso on Our Radar
Qatar Airways Cargo launches freighters to Poland. PLUS: More aviation news + more from Roboost and Jordan
Qa tar Airways Cargo launches new Warsaw freighters: Qatar Airways Cargo has started operating new freighters to Warsaw this month with one flight per week, Stat Times reports. The airline will operate a dedicated freighter with a weekly cargo capacity of 100 tonnes each way. The new freight service, in addition to 10 weekly passenger […]
Posted inAround the World
MSC acquires almost half of Italian rail operator Italo + Panama Canal drought prompts further tightening of transit rules
M SC snaps up 50% stake in Italo: Mediterranean Shipping Company (MSC) has acquired a c.50% stake in Italian passenger rail operator Italo Treno-NTV, which is owned by US-based Global Infrastructure Partners, according to a statement. “We strongly believe in the potential of Italo to further strengthen rail connectivity across Italy but also the Italian […]
Posted inCalendar
OCTOBER Egypt’s Suez Canal Economic Zone (SCZone) goes on a roadshow to South Korea. 1-5 October (Sunday-Thursday): Kuwaiti delegation led by Chairman of the Kuwait Chamber of Commerce Mohammed Jassim Al Saqr heads to Canada for a joint economic forum. 2-4 October (Monday-Wednesday): Automechanika, Dubai World Trade Center, Dubai, UAE. 3-4 October (Tuesday-Wednesday): IATA World […]
Posted inWhat we're tracking today
TODAY: DP World faces a worker strike in Australia + Qatar’s balance of payments surplus widens in 2Q 2023
Good morning, friends. We’re back in a midweek news slump today, with just a couple of big updates from the UAE, though we expect the newsflow to pick up soon as conferences wrap across the region and PMI figures for the region drop later today. THE BIG LOGISTICS STORY- The UAE’s national carrier, Emirates , […]