Supply chains saw notable improvements in MENA and GCC countries in July, with improvements in lead times + deliveries
Author Archives: enterpriseam admin
Sea & Ports Group acquires 100% of NAL Maroc Maritime Agency
NAL Maroc Agency was South Korean maritime firm HMM’s local representative
Misrata International Airport is getting the largest aircraft maintenance + air cargo station in North Africa
Libyan airline Afriqiyah Airway will invest USD 150 mn a year into the company
Newly listed Adnoc L&S reports a 327% y-o-y surge in revenues in 1H 2023
The solid earnings report comes off the back of its historic June IPO
Amazon posts surprisingly strong 2Q 2023 earnings, following a package of cost-cutting measures
Amazon reports a surge in top + bottom lines: E-commerce giant Amazon recorded a 433% y-o-y rise in net income to USD 6.7 bn in 2Q 2023 — rebounding from a net loss in the previous year, according to its earnings release (pdf). The company’s revenues during the period also saw an increase of 11% […]
Iran, Russia look to strengthen trade zone cooperation + Iran, Pakistan look to boost trade. PLUS: More from Saudi Arabia + Iraq
Iran + Russia eye stronger cooperation between trade zones: Russia’s Economic Development Minister Dimitry Volvach discussed with Secretary of the Supreme Council of Trade-Industrial and Special Economic Zones of Iran Hojatollah Abdolmaleki boosting cooperation between their special trade zones, Russian news agency TASS reports. The newly established Technology and Logistics Union in Russia will help […]
Saudia Cargo expands European operations through new partnership + SCZone close to setting up investment arm. PLUS: More from Emirates Delivery, Etihad Airways, and Qatar
AVIATION- Saudia Cargo has inked an agreement with European logistics company Jan deRijk to expand its European services, the Saudi Gazette reports. The agreement, which was signed last month, will enable Saudia Cargo to leverage Jan de Rijk’s extensive trucking network, which includes specialized vehicles, to enhance its European operations and its market reach. About […]
Panama Canal to lose USD 200 mn on the back of climate change-induced measures + Canada port dispute effectively ends
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, […]
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 […]