Good morning, lovely people , and welcome to a busy start to the week with updates on everything from railways to ports — and a lot more movement coming from Oman than usual. THE BIG LOGISTICS STORY- A committee in Pakistan’s c abinet has approved AD Ports Group’s bid for a concession at Karachi’s port […]
Author Archives: enterpriseam admin
About-turn from Pakistani cabinet on AD Ports Group bid for terminal at Karachi’s port
The committee had last week directed negotiators to “re-engage” with the company over the terms of the agreement
Indian-Omani consortium to operate and develop Oman’s Shinas port
The consortium will develop and manage the port over three phases, culminating in a 30-year agreement
Oman and Etihad Rail Company invites bids for freight stations and facilities for the Oman-UAE railway
Prequalification documents will be available for purchase until 24 August
Libya + Tunisia launched new trade corridor connecting them with sub-Saharan Africa
The two countries also inked MoUs to integrate and connect two of their trade zones
The SCZone’s Walid Gamal El Din and SCA’s Osama Rabie to retain their roles for another year
Egyptian President Abdel Fattah El Sisi has renewed Walid Gamal El Din's term as chairman of the Suez Canal Economic Zone (SCZone) for another year ,effective 12 August, according to a statement. Gamal El Din was appointed as the chairman of the General Authority of the SCZone last August, after serving as vice chairman for […]
Is an Israel-Saudi accord on the horizon? + Iran, Vietnam eye boosting trade. PLUS: Jordan, Rwanda agree to boost trade + economic cooperation
Progress in Saudi-Israeli normalization talks? The US and Saudi Arabia have agreed on a broad outline of an agreement for the latter to normalize relations with Israel, the Wall Street Journal reports, citing unnamed officials. Key points in the complex negotiation include Israel making concessions to the Palestinians, Saudi Arabia making commitments to decrease affiliations […]
Hapag-Lloyd latest to see income fall amid muted demand + A slowdown in trade is weighing on the global economy
!_ Hapag-Lloyd earnings dip in 1H 2023 amid falling demand: Container giant Hapag-Lloyd reported a net income of USD 3.1 bn in 1H 2023 and revenues of USD 10.8 bn, according to its earnings release. Transport volumes fell 3.4% y-o-y to 5.8k TEU, mostly due to reduced demand for container shipments along the Far East […]