Good morning, ladies and gentlemen. We have another brisk issue for you today, with updates on the Adnoc L&S IPO, and some details on Iraq’s mega Development Road Project. THE BIG LOGISTICS STORY- Adnoc Logistics & Services’ IPO — which will see the company list a 15% stake on the ADX — kicked off to […]
Author Archives: enterpriseam admin
Adnoc L&S bookbuilding kicks off to massive investor demand
The company priced the IPO at a range between AED 1.99 and 2.01 a share
Iraq’s Development Road Project connecting it to Turkey will cost USD 17 bn
The first phase of the project, which includes the freight train and a 1.2k km highway, will be complete by 2028
Agility subsidiary Menzies Aviation acquires Panama’s Aircraft Services and Consulting
This is Menzies’ second acquisition so far this year
AD Ports reports surge in income in 1Q 2023
New acquisitions, along with strong performance across ports, maritime and freezone divisions, drove growth
Admiral Mobility + Avis to provide electric trucks for lease in the UAE
The electric trucks will be split between six and eight tons
Etihad Cargo rolls out AI-powered solutions + MSC adds Jeddah Port to Asia shipping line
AVIATION- Etihad Cargo has rolled out AI-powered solutions to optimize cargo capacity and increase efficiency, according to a press release. The step follows the conclusion of a proof-of-concept agreement with Singapore-based Speedcargo Technologies that saw Etihad Cargo run successful trials of the company’s AI logistics solutions. The freight carrier will introduce three AI products — […]
MAY May: The Suez Canal Economic Zone (SCZone) plans to hand over a new 1k-meter container berth to the East Port Said Port. May: The ArabAcademy for Science, Technology and Maritime Transport (AAST) will roll out its first locally-made electric cargo transport vehicle. 15-17 May (Monday-Wednesday): Global Fleet Conference, Cascais, Portugal. 15-19 May (Monday-Tuesday): The […]