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Qatari logistics firm GWC’s net income flat in 1H 2023
Qatari logistics giant Gulf Warehousing Company’s(GWC) bottomline recorded a 0.2% y-o-y increase to QAR 115 mn in 1H 2023,according to the company’s earnings release. GWC’s revenues rose 9% y-o-y to QAR 786 mn during the same period. The increases came off the back of continued diversification in income sources and developing human capital, Chairman Abdulla […]
MENA’s ports had a strong showing in Lloyd’s List’s ranking of top One Hundred Ports in 2023
“Resilient” economies boosted MENA ports’ performance: Despite the post-pandemic boom in the global container port sector petering out in 2022, MENA’s ports continue to post strong volumes on the back of “resilient” economies, according to maritime data platform Lloyd’s List’s ranking of One Hundred Ports 2023. The annual ranking lists the world’s top 100 container […]
Saudi’s Roads General Authority appoints CEO
Saudi Arabia’s Roads General Authority has appointedBadr bin Abdullah Al Dulami(Linkedin) — Saudi’s Transport and Logistics Roads Vice Minister — as its CEO, according to a statement. Al Dulami has been serving as vice transport minister since June 2018, and serves as a board member at the Saudi Public Transport Authority since November 2018. The […]
Oman, Belarus link air routes + Iran, Brazil discuss boosting trade ties
Oman’s Civil Aviation Authority (CAA) has inked an air services agreement with Belarus, according to a statement. The agreement — which is composed of 24 articles covering economic, technical, and operational coordination — looks to arrange air travel between Oman and Belarus and enables carriers to run freight and passenger journeys between the two countries. […]
No peak season for shippers this year?
Shipping companies are bracing for a disappointing peak season this fall, the Wall Street Journalreports. So far, there are no indications that the customary rush where firms scramble to shore up their inventories ahead of the holiday season will materialize. “There are no signals, neither on air or sea, at least not for the time […]
UAE joining biofuels alliance + Kezad Musaffah to revamp roads. PLUS: More from Qatar Airways, Iraq, and IMO
TRADE- Saudi Export-Import Bank (Saudi EXIM Bank) has inked an MoU with Japan’s Mizuho Bank aimed at bolstering trade between the two countries, Saudi Press Agency (SPA) reports. The agreement looks to boost cooperation between the countries’ private sectors, and facilitate the export of Saudi goods and services. The agreement will also drive the transfer […]
UPS + Teamsters reach labor agreement, averting strike + Panama Canal limits ship crossings due to drought. PLUS: DHL now owns Turkey’s MNG Kargo
United Postal Services (UPS) and the Teamstersunion have reached a preliminary labor agreement, averting a potential strike by the union's workers, CNBCreports. The agreement includes pay raises for both full and part-time workers and is valued at USD 30 bn. Part-time workers will see their wages increase to at least USD 21 per hour, while […]
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 continues to batter Ukraine’s grain facilities + Iran, Azerbaijan to complete Astarachay bridge in four months
Good morning, lovely people. We have a brisk issue for you this morning, with plenty of updates on the ports, zones and regulatory fronts. THE BIG LOGISTICS STORIES- AD Ports Group could snag contracts for two more terminals at Pakistan’s Karachi Port. Meanwhile, Dubai’s crown prince has issued amendments that will give the emirate’s Road […]