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The airline boosted passenger capacity and tapered its costs during the second quarter of the year
Author Archives: enterpriseam admin
Posted inDiplomacy
Algeria eyes BRICS membership + Turkey, UAE ink USD 50 bn agreements. PLUS: KSA, Iran sever ties with Sweden, and news from Bahrain and the US, Iran and Brazil, Egypt and Indonesia, Syria and Iraq, and Qatar and Turkey
Algeria has formally applied to join the BRICS groupwith a contribution of USD 1.5 bn, Ennahar TV quoted Algerian President Abdelmadjid Tebboune as saying, Reutersreports. The country aims to access new economic opportunities through this move, Tebboune said, adding that Algeria seeks to diversify its economy and strengthen ties with nations like China. Several countries […]
Posted inMoves
John Dietrich is FedEx’s new CFO
FedEx Corphas appointedJohn W Dietrich (Linkedin) as its executive vice president and chief financial officer effective 1 August, replacing Michael C. Lenz (Linkedin), who will serve as a senior advisor until the end of the year, according to a statement. Dietrich will bring over 30 years of air cargo and aviation experience, including 20 years […]
Posted inAlso on Our Radar
UAE to get maritime decarbonization center + AD Ports inks strategic partnership with Chinese engineering firm. PLUS: News from SCZone, CMA CGM, FedEx, Saudi Arabia, Qatar, Wizz Air, and the Suez Canal
SHIPPING + MARITIME- The UAE’s Energy and Infrastructure Ministry and Norway-based classification society DNV will establish the region’s first maritime decarbonization center in the UAE,Emirati news agency WAMreports. The center will drive research, innovation and collaboration to expedite the implemnetation of sustainable practices, technologies, and policies in the maritime sector, WAM said. It will also […]
Posted inAround the World
India bans exports of white rice, triggering further food inflation
India — which is responsible for 40% of the world’s exports — has banned exports of white rice as of last Wednesday, 20 July,in order to contain domestic prices and ensure availability to the local market, according to a notification (pdf) by the Directorate General of Foreign Trade. The ban, which comes after erratic weather […]
Posted inCalendar
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. 24-25 July (Monday-Tuesday): ICSG Istanbul, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. AUGUST Oman will award Ras Al Hadd Airport consultancy contract. 28 August (Monday): Registration for Emirates Postal Group’s Logistics […]
Posted inWhat we're tracking today
TODAY: More pressure on Ukrainian grain to come with potential extension to Eastern European countries export ban + Hapag-Lloyd charges congestion surcharge at Turkey’s Mersin’s port
Good morning, lovely people. We come to you on this fine Wednesday with the slowest news day we’ve seen in months in the logistics world, save for a few developments happening on the diplo front. YES, BUT- We have a handy explainer on the various types of vessels cruising the world’s oceans for you — […]
Posted inDiplomacy
UAE, Japan boost trade ties + KSA, Turkey agree to boost investments. PLUS: Algeria, China to cooperate on Belt + Road initiative, GCC countries agree to boost trade, and Oman, Iran discuss boosting transport cooperation
UAE + Japan eye stronger trade ties: Abu Dhabi Executive Council member Hamed bin Zayed Al Nahyan and Japanese Prime Minister Fumio Kishida witnessed the signing of 23 agreements and MoUs which look to build on strengthening trade and transportation ties, Emirati news agency WAM reports. The agreements inked came during the visit of Kishida […]
Posted inThe Macro Picture
Import dependence to weigh on MENA trade over the next decade, OECD-FAO report says
The region’s food import bills could rise 30% by 2032: Production constraints and a booming population will see MENA increasingly reliant on food imports in the medium run, according to the OECD-FAO Agricultural Outlook for 2023-2032. Limited availability of arable land and scarce water resources mean that MENA — which is already among the largest net […]