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Good morning, everyone — we hope you had a nice, restful weekend. We have a packed issue for you this morning, with tons of updates from across the region. Let’s dive in. THE BIG LOGISTICS STORY- Iraq launched a USD 17 bn road development project, which will involve 1.2k km of railways and highways linking […]
Author Archives: enterpriseam admin
Posted inProjects
Iraq is linking Asia and Europe with a USD 17 bn road and rail project
The project could rival Egypt’s Suez Canal and become a vital global oil and gas artery
Posted inIPO Watch
Adnoc L&S draws historic demand in IPO, raising USD 769 mn
The company’s IPO was 163x oversubscribed
Posted inSTORAGE + WAREHOUSES
SARCO invests USD 50 mn in new logistics center in Khazaen
The center will provide storage and distribution services for Khazaen
Posted inAviation
US-based eVTOL outfit Odys will set up assembly plant in Abu Dhabi
The company will export its aircraft out of the UAE
Posted inDiplomacy
KSA + Canada restore diplomatic ties + KSA, Iraq mull special economic zone
Saudi Arabia + Canada restore diplomatic ties: Saudi Arabia’s Foreign Affairs Ministry plans to restore diplomatic relations with Canada for the first time since 2018, according to a Saudi governmentstatement.This would end a five-year rift with Canada, which began when it accused Riyadh of human rights violations over jailed activists, damaging relations — including trade […]
Posted inLogistics in the News
China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub
Companies continue to rely on China despite its strained ties with the US: Companies like Chicago-based first aid kit producer Acme United say decoupling from China is no easy task given the country’s position as the world’s top exporter, Bloombergreports. The company recently invested in a Chinese-made printing press at less than half the cost […]
Posted inAlso on Our Radar
MSC adds King Abdulaziz Port to India-South Africa service. PLUS: News from Qatar Airways Cargo, Aramex, Etihad Cargo, Etihad Rail, Menzies and Deliveroo
SHIPPING- Dammam added to India-South Africa freight route: The Saudi Ports Authority (Mawani) has announced the addition of King Abdul Aziz Port to the India-South Africa freight route operated by leading container shipping company MSC. Dammam will be linked to major terminals including Mundra, Hazira, Nhava Sheva, Colombo, Port Louis, Durban, Khalifa, Jebel Ali, and […]
Posted inAround the World
US-led Indo-Pacific trade talks end with agreement to boost supply chain resilience. PLUS: New terminal in Malaysia, Iran on de-dollarization, France ends short-haul flights
IPEF settles talks on supply chain coordination: Fourteen countries included in the Indo-pacific economic framework (IPEF) — the US’ new trade pact initiative for the region — have reached an agreement on supply chain collaboration, Bloomberg reports. The US initiative comes as a response to China’s growing influence as well as to compensate for withdrawing […]