China to introduce container futures product using CNY as settlement currency:The Shanghai Futures Exchange and the Shanghai Shipping Exchange are working to launch a container shipping futures product that will use the Chinese CNY as its settlement currency, Splash reports. The CME Group launched container freight futures in the UK last year, covering six different […]
Author Archives: enterpriseam admin
JULY 16-17 July (Thursday-Friday): The Levitate Conference and Exhibition, St. Regis Amman Hotel. 17-28 (Monday-Friday): The fourth round of negotiations between the GCC and the UK for a trade Agreement will take place in London. 24-25 July (Monday-Tuesday): ICSG Istanbul, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. AUGUST Oman will award Ras Al Hadd […]
TODAY: Russia + the GCC adopt 2023-28 “joint action plan” + Turkey and Russia to hold talks over Black Sea grain pact next week
Good morning, friends. We have a lighter issue for you today, which is a refreshing change of pace after what felt like a cascade of news out of the logistics world over the past weeks. THE BIG LOGISTICS STORY- An Iranian firm has inked an MoU to form a JV with an Afghan firm to […]
Iran and Afghanistan to develop three new piers at Anzali port
The piers come as part of Iran’s plans to attract FDI and more investments into its ports and freezones
Egytrans to boost operational capacity with acquisition of 99.9% of NOSCO
The acquisition will be finalized within two or three months
AIT Worldwide Logistics expands to MENA with new office in Dubai
The company will cater to tech companies, automotive and EV component manufacturers
UK becomes an official sea-air cargo services partner for Bahrain + Oman, Jordan to boost trade. PLUS: News from Iran and Qatar
Bahrain has granted the UK an accreditation certificate making it an official sea-air cargo services partner, according to Bahrain News Agency. The certificate allows UK-based countries to obtain certificates to operate sea-air cargo services between the countries. Oman and Jordan emphasized the need to support the private sector in increasing bilateral trade during the Omani-Jordanian […]
Logistics firms in the US are slashing employment amid slowing shipping demand
US-basedlogistics firms are cutting back on wages in the face of a slowdown on the back of falling consumer demand for the shipment of goods, the Wall Street Journal reports. The shift away from the shipment of goods to spending on services found more than 14k jobs cut by freight and parcel carriers from May […]
UAE’s Royal Jet eyes acquisition of business in Malaysia airport. PLUS: News from Emirates Post, Jordan, and GWC
AVIATION- Royal Jet eyes Malaysia expansion with potential acquisition: UAE-based airline Royal Jet has inked a conditional Heads of Agreement with Sapura Resources Berhad (SRB) to acquire SRB’s aviation business at Subang International Airport, according to a press release. The potential acquisition indicates Royal Jet’s intention to expand into the Asian market, where Subang International […]