The UAE, KSA and Qatar continued to show business growth, while Egypt shows signs of recovery
Author Archives: enterpriseam admin
Could Turkey’s Alsancak Port operating rights be sold to Gulf States?
The port was originally slated for privatization nearly two decades ago
Maersk opens first cold store in UAE
The cold store facility will serve the FMCG sector, as well as e-commerce players and retailers
CMA CGM launches shipping service connecting Turkey, Malta, and Algeria
The service will also provide clients with access to CMA CHM’s intermodal network in Turkey
Iran + Russia to kickstart construction of Rasht-Astara railway in early 2024
Work on the project is scheduled to begin in early 2024
Moroccan B2B e-commerce startup Chari raises USD 1.5 mn in pre-series A round led by VKAV
The startup aims to expand its market share and add new revenue streams, like embedded fintech
Bahrain + UK ink digital economy trade partnership + Morocco, Oman boost transport cooperation. PLUS: Jordan, Hungary eye logistics zones
Morocco + Oman boost transport cooperation with four MoUs: Moroccan Foreign Affairs Minister Nasser Bourita and his Omani counterpart Badr Al Busaidi signed four bilateral agreements during a meeting of the joint commission between the two countries, according to a statement. The agreements consist of one partnership agreement and three MoUs focusing mainly on maritime […]
New containership capacity hits all-time record in June + Airbus dabbles with new wing technology
New containership capacity reached a record 285k TEU in June,according to Alphaliner data cited by Seatrade Maritime. The record delivery figures come on the back of the fulfillment of newbuildings ordered during the container shipping boom in 2021-2022. The 285k TEU does, however, fall short of the 400k TEU forecasted by analyst Alphaliner. This could […]
UAE approves first license for self-driving vehicles + Qatar Airways boosts cargo operations to Saudi’s Dammam. PLUS: Flynas boosts fleet, and news from Iran Air, Emirates, and Etihad Airways
LAST MILE- The UAE has approved the first national license for self-driving vehicles to operate on its roads, UAE Vice President and Prime Minister, and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum said in a statement. The license grants China-based self-driving research outfit WeRide the green light to conduct tests for self-driving vehicles […]
Nikola Corp to liquidate assets of battery supplier Romeo Power
Electric truck manufacturer Nikola Corp will liquidate the assets of its battery supplier Romeo Power, which it acquired less than a year ago for some USD 144 mn in stock to boost battery pack production, Reutersreports. Romeo Powerhas struggled to meet investor expectations due to rising commodity costs and limited access to capital. The manufacturer, […]