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Author Archives: enterpriseam admin
AD Ports Group plans maritime fleet expansion to the tune of AED 955 mn
The purchases will serve its partnerships with Bangladeshi port operator Saif Powertec and maritime shipping firm KazMorTransFlot
Egypt’s Transport Ministry + Korean shipbuilder Dae Sun to build two multi-purpose ships
More ships could come soon, as part of KCFMT’s partnership with the Transport Ministry
UAE-India to build a green corridor to fuel trade + and UAE talks boosting trade with Morocco
UAE + India to build a “green corridor” for trade: The Reserve Bank of India and the UAE Central Bank are in discussion to create a INR-AED trade arrangement to simplify customs procedures, increase trade flows, and get maximum benefits from the Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries last year, which […]
GCC countries climb up rankings in the World Bank’s LPI, while low-income MENA countries trail behind
The UAE was the only country from the region to make it to the top 10 in the index
GWC appoints a new executive director for its energy division
Qatari logistics firm GWC Group has appointed Madhu Vallur (LinkedIn) as executive director of its energy division, Trade Arabia reports. Vallur most recently served as Group Business Development Director of Gulf Agency’s (GAC Group) energy projects division, and previously held several different roles at the logistics and marine services firm over a seven-year period. He […]
Egypt’s Pyramids Tires breaks ground on facility for cargo, passenger vehicle tires. PLUS: Bahrain joins GCC payment system + Tunisian e-commerce startup raises funds
MANUFACTURING- Egypt’s Pyramids Tires break ground on tire manufacturing hub in Saudi: Egyptian tire manufacturing company Pyramids Tires has begun construction work on a cargo and passenger vehicle tire manufacturing hub in Saudi Arabia, Al Mal quotes the company’s Chairman Ibrahim Gouda as saying. The hub — which is expected to begin operations in early […]
Vietnam takes first step towards becoming an LNG importer, while China becomes top importer of Australian coal. PLUS: IATA Air Cargo Innovation Awards + news from Evergreen
PetroVietnam Gas has launched a tender to purchase Vietnam's first cargo of liquefied natural gas (LNG), as the country looks to become a key LNG importer, Reuters reports, citing sources with knowledge of the matter. The country currently generates the majority of its electricity from coal, but is aiming to increase its installed LNG-fired power […]
Etihad Rail images show 900km railway against backdrop of Fujairah mountains
Etihad rail posted last week new images of the UAE’s USD 3 bn railway project:The image shows a section of the railway cutting through the Fujairah mountains to connect to Fujairah Port. The 900km railway was completed in March and links four major ports and seven logistics hubs across the country, while the freight service […]
MAY May: The Suez Canal Economic Zone (SCZone) plans to hand over a new 1k-meter container berth to the East Port Said Port. May: The ArabAcademy for Science, Technology and Maritime Transport (AAST) will roll out its first locally-made electric cargo transport vehicle. 1-4 May (Monday-Thursday): Select USA Investment Summit, National Harbor, Maryland, USA. 4 […]