Good morning, wonderful people. We have a packed issue for you this morning, with plenty of news on aviation, as well as investment and diplomacy news. Let’s dive in. A quick programming note: Due to Egypt bringing back Daylight Savings Time (DST) over the weekend, Enterprise Logistics will now be landing in Egypt-based inboxes at […]
Author Archives: enterpriseam admin
AD Ports Group’s KEZAD and Al Ghurair Foods ink leases for AED 1 bn in mega good projects
Two of the projects involved are a starch processing plant and a broiler producing plant
Abu Dhabi airport receives first SF Airlines flight linking the UAE to Wuhan, China
The new round-trip route will run weekly, hauling 220 tonnes of express air cargo
Monarch plans to open the MENA region’s first electric aircraft facility in Abu Dhabi
The agreement will see the companies create command and control centers and vertiports in Abu Dhabi
Egyptian National Railways + Austria’s Voestalpine partner up to manufacture and supply railway switches
Voestalpine Egypt for Railway Switch Technology will produce 300 switches annually under the agreement
Dubai’s RTA expands road network at Al Qusais
The expansion work will reduce journey time by 60%
Qatar logistics giant GWC posts net income of QAR 61.5 mn in 1Q 2023
The lion’s share of revenues came from the company’s logistics operations
The UAE is looking to boost its trade ties with Belgium + EU. PLUS: AD ports group CEO meets with Congo’s President, Iran looks to increase trade with Iraq
A trade delegation from the UAE visited Belgium to hold talks with Belgian and EU counterparts on bolstering trade and promoting investments, according to a statement. Emirati Foreign Trade Minister Thani bin Ahmed Al Zeyoudi sat down with European Trade Commissioner Valdis Dombrovskis to discuss growing trade relations with the EU. “We see great importance […]
Amazon is back in the black + The world is slow in the transition to sustainable cargo fuel
Amazon reverses net loss position in 1Q 2023: E-commerce giant Amazon reported a net income of USD 3.2 bn in 1Q 2023, compared to a net loss of USD 3.8 bn in 1Q 2022, according to the company’s earnings release (pdf). Net sales increased 9% y-o-y to USD 127.4 bn, with North America segment sales […]