The acquisition will see it expand its market presence across the MENA region
Author Archives: enterpriseam admin
Kuwaiti court overturns ruling in favor of Agility Logistics in commercial land dispute
The financial impacts of the ruling are still unclear, but the company could stand to lose a slice of its warehousing revenues
AD Ports to launch tender to build EGP 1 bn silos in Egypt
The silos are expected to begin trial operations by the end of 1Q 2024
Moroccan logistics startup Colis lands USD 50k investment from The Baobab Network
The startup is part of The Baobab Network’s accelerator program, which helps connect it with VCs and angel investors
Qatar and UAE reopen embassies + Iran and Uzbekistan ink transport MoU
Qatar and the UAE reopened their embassies in each country yesterday, two years after Arab states ended their embargo of Qatar, according to a statement by Qatar’s Foreign Ministry. Saudi Arabia, the UAE, Bahrain, and Egypt had severed ties with Qatar in 2017 after accusing the state of supporting terrorism and pursuing closer ties with […]
This year’s International Paris Air Show is taking place against the backdrop of major supply chain issues
The elephant in the room at the International Paris Show? The aviation industry’s supply chain woes. Although this week’s event for the aviation sector will highlight strong demand for commercial aircraft, what it will likely gloss over are the supply chain troubles hindering the delivery of parts, Reuters explains in an analysis. It is widely […]
Cosco Shipping awarded contract to transport + install Aramco offshore platform. PLUS: News from the Saudi Export Development Authority + Etihad Airways
ENERGY- Cosco Shipping to transport + set up Marjan offshore platforms: Cosco Shipping has secured a contract to transport and install Saudi Aramco’s PK1 offshore platform on the Majran oil field off the coast of Saudi Arabia by 2024 in what is the company’s largest project to date, according to a press release. The company […]
MSC eyeing Brazilian logistics outfit for potential USD 1 bn acquisition
MSC is reportedly in talks to acquire Brazilian port and maritime logistics outfit Wilson Sonsin a USD 1 bn buyout, according to local Brazilian media reports picked up by Splash. MSC has been on an acquisition spree in Latin America, after acquiring Brazilian intermodal logistics company Log-In Logistica. Ocean Wilsons, Wilson Sons’ parent company, confirmed […]
JUNE June: Suez Canal Economic Zone holds a roadshow in Delhi. 19-21 June (Monday-Wednesday): Coupa Inspire, ExCel, London, UK. 19-25 June (Monday-Sunday): Paris Air Show, Le Bourget Parc des Expositions, Paris, France. 20-21 June (Tuesday-Wednesday): Jordan-Iraq Economic Forum, Amman, Jordan. 20-23 June (Tuesday-Friday): Conference on the Marine Transportation System Innovative Science and Technologies Toward Greater […]
TODAY: SCZone is in New Delhi for a roadshow + Iran to inaugurate Razi terminal within days
Good morning, friends. We have a packed issue for you this morning, with plenty of updates from Egypt — and a whole lot of aviation and trade news. THE BIG LOGISTICS STORY- Egypt inaugurated its multipurpose maritime terminal Tahya Misr at Alexandria’s port on Thursday, as part of a state-led drive to turn Egypt into […]