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Western sanctions on Russian shipments have disrupted global energy shipping patterns, forcing global fuel suppliers to resort to longer and pricier routes to transport diesel and other products, Reutersreports. Tankers transporting clean oil products are traveling between 16-18 days to transport Russian cargoes to Brazil or US cargoes to Europe due to the EU’s sanctions […]
Author Archives: enterpriseam admin
Posted inAlso on Our Radar
UAE + Canada expand air transport, while Iraq launches new air routes and RJA resumes flights with Brussels. PLUS: News from Dubai’s VMS, Yango, Morocco, CAFU and Saudi
AVIATION- UAE and Canada to expand air transport: Flights between the UAE and Canada will increase 50% to 21 flights per week under an expanded air transport agreement, helping create new routes between the countries. (Statement) Iraq prepares to operate three new air routes: Iraq plans to operate three new routes to Bahrain, Malaysia, and […]
Posted inCalendar
APRIL 18-20 April (Tuesday-Thursday): Intermodal Africa, Durban International Convention Centre, South Africa. 25-27 April (Saturday-Monday): World Cargo Symposium, Hilton Istanbul Bomonti Hotel and Conference Centre, Istanbul, Turkey. MAY May: The Suez Canal Economic Zone (SCZone) plans to handover a new 1k-meter container berth to the East Port Said Port. 4 May (Tuesday): Deadline to submit […]
Posted inWhat we're tracking today
TODAY: The UAE’s non-oil private sector continues to boom + FedEx is restructuring its business in cost-cutting drive
Good morning, friends. We close out the week with a light and brisk issue, with a few updates on Adnoc Logistics’ IPO and another strong PMI report from the UAE. THE BIG LOGISTICS STORY-The UAE’s non-oil private sector saw its fastest monthly rise in 18 months in March, with new orders, output, employment, suppliers’ delivery […]
Posted inPurchasing
UAE’s non-oil private sector activity hits five-month high in March
New orders came in at a five-month high
Posted inIPO Watch
Adnoc’s logistics unit eyes USD 1 bn IPO
Adnoc’s logistics arm wants to raise USD 1 bn in IPO
Posted inInvestment Watch
Egypt’s OIH to launch logistics + trading arm to boost trade in Africa
Egypt’s OIH to launch trade and logistics arm: Egyptian investment management firm Orascom Investment Holding (OIH) BoD approved plans to launch a company in Egypt under the name O-Trade & Logistics to provide logistics services across Africa, according to its board’s minutes (pdf). The company’s board voted unanimously to set up the company, according to […]
Posted inDiplomacy
US eyes cooperation in transport sector with Iraq + Bahrain Industry Minister talks FTA with chief negotiator
The US is keen to help Iraq develop its transportation sector: US Ambassador to Iraq Alina Romanowski met with Iraqi Transport Minister Razzaq Al Saadawi in Baghdad on Tuesday to discuss cooperation in the transportation sector, according to a statement given by the Transport Ministry to Al Sumaria News. The US is “ready” to help […]
Posted inThe Big Read
Enterprise Explains: Party logistics
Enterprise Explains: Party logistics. With globalization seemingly nowhere near itsend, and in the global environment of heightened demand for timely and efficient delivery of goods, logistics is climbing higher up companies’ priorities. Logistics operations have become increasingly more complex, with more parties becoming involved in businesses’ supply chains. While some companies manage their logistics in […]