The new barges will help support the company’s offshore support services for its customers
Author Archives: enterpriseam admin
Global trade has been on the decline since late 2022 — how is it looking in 2023?
The MENA region’s exports fell 7% y-o-y in 1Q 2023, in line with a global trend of weakening economic conditions
Egypt, Germany eye stronger transport ties + KSA, India look to expand supply chain cooperation
Egypt + Germany eye stronger cooperation in transport: Egypt’s President Abdel Fattah El Sisi met with German Chancellor Olaf Scholz on the sidelines of the G20 Summit in India to discuss maximizing cooperation in transportation, manufacturing, and energy, according to an Egyptian presidency statement. The two countries aim to advance economic cooperation and increase German […]
AD Ports subsidiary launches UAE-Pakistan-Gulf shipping route + Qatar Airways Cargo launches new US-Qatar biweekly freighter flights
SHIPPING + MARITIME- AD Ports subsidiary SafeenGroup has launched a new UAE-Pakistan-Gulf Service (UPG ), according to a company statement. The service will operate with two vessels, each with a capacity of 2.5k TEUs, according to the statement. The service will make weekly port calls at Karachi, Sharjah, Abu Dhabi’s Khalifa port, Dammam, and Bahrain. […]
Instacart sets stage for IPO amid industry slowdown + Russia ships first crude shipment to Brazil
US-base d online grocery delivery powerhouse Instacart is looking to raise USD 616 mn by selling 14.1 mn shares for USD 26-28 each, Bloomberg reports, citing a company filing. The IPO could stand as the most significant one of the year, helping jumpstart a stagnant US IPO market that hasn’t seen any major VC-backed tech […]
SEPTEMBER 11-14 September (Monday-Thursday): The Libyan Moroccan Forum for Trade and Business, Tangiers, Morocco. 11-15 September (Monday-Friday): London International Shipping Week 2023, International Maritime Organization, London, UK. 12 September (Tuesday): Global Pharma Logistics Summit 2023, ITC Maratha, Mumbai, India. 13-14 September (Wednesday-Thursday): The Belt and Road Summit, Hong Kong Convention and Exhibition Centre, Hong Kong. […]
TODAY: Enterprise Finance Forum is a week away + The global economy is on the brink of a “shallow trade recession,” according to Oxford Economics
Good morning, lovely people. It was an eventful weekend, what with the G20 summit and a devastating earthquake hitting Morocco, so without further ado… THE BIG LOGISTICS STORY- Leaders from the US, Saudi Arabia, India, and the EU inked an MoU for a logistics megaproject that will set up rail and shipping links between South […]
US, KSA, India and the EU ink agreement for India-MENA multinational logistics corridor
The corridor — consisting of port and rail links — will be the most direct between India, the Arabian Gulf and Europe