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Author Archives: enterpriseam admin
King Abdullah Economic City to get new data hub
The data hub would include data centers, fiber infrastructure and cloud and internet
Bahri’s bottomline rises 286.95% spike in 2Q 2023 + motorcycle leasing firm EasyLease sees income fall in 1H 2023
The company’s financials improved on the back of elevated shipping rates and strong oil and chemicals sector performance
Qatar + Kazakhstan, Morocco + Israel increase flights. PLUS: China, Iran to cooperate on Belt and Road Initiative
More flights between Qatar and Kazakhstan: Qatar’s General Authority of Civil Aviation (GACA) inked a MoU with Kazakhstan's Civil Aviation Authority (CAA) in Almaty to increase transport rights for cargo and passenger flights, Qatar News Agency reports. The countries plan to double the number of weekly passenger flights to Astana and Almaty from seven to […]
CMA CGM posts weak 2Q earnings amid declining market
CMA CGM somber earnings for 2Q 2023 paint a bleak picture for transport + logistics: French shipping giant CMA CGM’s bottomline for the second quarter of 2023 fell 83% y-o-y to USD 1.3 bn, while revenues fell 36.9% to USD 12.3 bn, according to the company’s most recent earnings release. “The transport and logistics market […]
Wizz Air to hire 250 new employees by March 2024 + Qatar could make USD 9.4 bn carrier order for South Korean shipbuilders. PLUS: News from AfDB, Qatar Airways Cargo and more
ENERGY- Qatargas could make a USD 9.4 bn carrier order with South Korean shipbuilders by September: South Korean shipbuilders HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries could secure a USD 9.4 bn carrier order from Qatar as soon as September, the Korean Economic Daily Global reports, citing industry sources. The companies are […]
Boeing earnings beat analyst expectations + EU ship operators must buy CO2 permits next year. PLUS: Roadblock in Canada port strike?
Boeing beats analyst expectations as aircraft deliveries boost cashflow: Aerospace giant Boeing posted a USD 149 mn loss in 2Q 2023, compared to USD 160 mn in net income during the same period last year, according to the company’s latest earnings release. The results exceeded analysts’ forecasts, despite falling in the red, CNBC reports. A […]
JULY 17-28 (Monday-Friday): The fourth round of negotiations between the GCC and the UK for a trade agreement will take place in London. AUGUST Oman will award Ras Al Hadd Airport consultancy contract. 28 August (Monday): Registration for Emirates Postal Group’s Logistics Unleashed competition concludes. SEPTEMBER 4-8 September (Monday-Friday): Logistics and Transport Management, Dubai. 5 […]
TODAY: Russia-Africa economic forum kicks off today + Kuwait to issue tenders for Mubarak Al Kabeer Port
Good morning, friends. We have yet another zones and legislation-heavy issue for you today, with news that Dubai is considering adopting common law across all its freezones. Also driving the conversation this morning: East Port Said port’s new multipurpose terminal could become operational in October.Meanwhile, Lloyds’ List’s ranking of the top 100 ports in 2023 […]