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Author Archives: enterpriseam admin
QTerminals teams up with Belgian firm to build and operate new container terminal in Poland
The terminal will have an initial capacity of 1 mn TEUs a year, with potential to double capacity at a later stage
Saudi Arabia + the UAE boost ties with China during the Global Sustainable Transport Forum
The companies include Kerry Logistics, JD Logistics, and Alibaba Group
GCC, Pakistan sign initial trade agreement + UAE officials have been busy
The Gulf Cooperation Council (GCC) and P akistan inked an initial trade agreement on 28 September in Riyadh, Saudi Press Agency(SPA) reports. The agreement should eliminate or minimize logistics obstacles like customs duties on goods, increasing market access to services, and promoting investments. This covers goods and services, investment, e-commerce, customs procedures, dispute settlement, competition, […]
SaudiaCargo appoints new managing director
Saudia Cargohas appointed Former Deputy Minister for Logistics Services Loay Mashabi (LinkedIn) as managing director, according to a statement. Mashabi — who will join the company as of 8 October, according to the Saudi Gazette — will oversee functions and strategic initiatives to promote growth and transformation in the company. Mashabi comes to Saudi Cargo […]
US warehousing and logistics companies are not rushing for new hires this holiday season
Sluggish retail market sees US logistics companies pull the reins on holiday hiring: Warehouses, fulfillment specialists, and other logistics companies in the US are keeping their seasonal hiring flat this year compared to the last, the Wall Street Journal reported. Companies are reluctant to ramp up their hiring in the face of tepid growth in […]
SCZone looks to drum up investments in green fuels in Japan + Dubai to revamp Hessa Street
INVESTMENT WATCH- Suez Canal Economic Zone (SCZone) showcases renewables + green fuels plans to 24 Japanese companies: SCZone chairman Walid Gamaleldin received a delegation of Japanese companies headed by the Japan External Trade Organization (Jetro) for an event showcasing the zone’s avenues for investment in renewables and green fuels, according to a company statement. International […]
Adani Ports plans more debt buybacks
Indian conglomerate Adani Ports and Special Economic Zone (SEZ) is set to buy back as much as USD 195 mn of its 2024 bond in aggregate principal amount of the outstanding 3.375% senior notes due, according to a disclosure (pdf). The company will continue to buy outstanding notes over the next three quarters for cash, […]
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 […]