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The Panama Canal’s administrator is expecting a USD 200 mn revenue drop in the 2023-24 fiscal yearto USD 4.9 bn, due to water-saving crossing limits amid an unprecedented drought, Reuters reports. Disruptions are projected to have cost the canal a 16% decrease in cargo ship crossings. Reduced transit is also impacting commodity shipments, including coal, […]
Author Archives: enterpriseam admin
Posted inCalendar
AUGUST Oman will award Ras Al Hadd Airport consultancy contract. 31 July-9 August (Monday-Wednesday): KSA trade delegation headed by Investment Minister Khalid Al Falih tours Brazil, Chile, Costa Rica, Argentina, Panama, Paraguay, and Uruguay. 8 August (Tuesday): Kuwait will issue a tender for the construction of Mubarak Al Kabeer Port. 27 August (Sunday): Last day […]
Posted inWhat we're tracking today
TODAY: Iran’s Amirabdollahian kicks off Pakistan visit today + Fujairah’s oil stockpiles rise in July
Good morning, friends. We end the week with a busy issue, filled with updates from across the region on everything from data centers to new shipping lines. THE BIG LOGISTICS STORY- A new Dubai-based shipping operator has launched with 16 shipping lines connecting MENA ports to the Far East, Asia, India and Russia. HAPPENING TODAY- […]
Posted inShipping + Maritime
New Dubai-based shipping line links MENA ports with Far East, Asia and Russia
The shipper’s launch comes as a slew of Western firms dropped Russia from their shipping routes
Posted inRail
Oman and Etihad Rail Company partners up with Jindal to transport its steel from Oman to the UAE
This is the second agreement of its kind between Oman-Etihad Rail Company and a metals manufacturer this year
Posted inSTORAGE & WAREHOUSING
UAE’s Al Masaood Group completes first two phases of bonded warehouse project + Edamah completes warehouse at Bahraini industrial park
The customs-controlled warehouses will help the company speed up customs clearance operations and save costs
Posted inData Centers
Amazon Web Services launches cloud region in Israel + Mubadala becomes minority partner in US-based Aligned Data Centers
The Tel Aviv cloud region will contain three feature availability zones and support services
Posted inEarnings Watch
Nakilat sees growth in net income + revenues in 2Q 2023
Revenues grew in 1H 2023 on the back of an improvement in the results of shipyard and LPG and LNG transport JVs