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. 1-4 May (Monday-Thursday): Select USA Investment Summit, National Harbor, Maryland, USA. 1-4 […]
Author Archives: enterpriseam admin
TODAY: Kuwait resumes exports following re-opening of refinery + Russia and India to reboot transport corridor
Good morning, friends. We have another diverse issue for you this morning, with some updates from Egypt and Saudi Arabia in the rail and shipping departments, and plenty of signs of more regional cooperation in the transport sector. THE BIG LOGISTICS STORY- Saudi Arabia’s state-owned National Shipping Company (Bahri) and Egypt’s Suez Canal Authority are […]
Bahri + Suez Canal Authority allocate USD 50 mn to establish Egyptian joint-stock maritime transport firm
Bahri will operate and manage the new company
French mobility firm Systra to conduct feasibility study for Saudi-Kuwait rail link
The study involves a critical review of the railway, concept designs, and detailed engineering designs and technical documents
Emirati B2B e-commerce platform Eighty6 raises USD 3.7 mn seed round
The funds will go towards expanding operations in the UAE and Saudi Arabia, as well as its launch in Kuwait
Syria to curb cross-border drug trafficking
Syria has pledged to ramp up efforts to halt drug trafficking at its borders with Iraq and Jordan, according to a joint statement issued following a meeting of Arab ministers in Amman. Syria will work over the next few months to determine who is transporting narcotics into the two countries and “take the necessary steps […]
DP World appoints a new global vice president of engineering
Emirati logistics firm and port operator DP World has appointed Sangam Reddy(Linkedin) as global vice president of engineering, according to a press release. Reddy most recently served as a director at Amazon India, where he held several different positions over a 10-year period. He will be responsible for market access, e-commerce, and data chain solutions […]
Egypt among thirteen MENA countries featured on 2023 Smart City Index
10 MENA cities ranked among the world’s top 100 smart cities:Ten cities in the MENA region placed among the world’s top 100 smart cities, with Abu Dhabi and Dubai making it to the top 20, in the International Institute for Management Development’s (IMD) smart city index report (pdf). Other cities in the top 100 include […]
Agility subsidiaries enter convertible loan agreement + Gulf Navigation sells vessel to settle debts. PLUS: News from Trukkin
DEBT- Agility subsidiaries to ink loan agreement: Kuwait-based Agility subsidiariesPWC Aviation Services Company KSCC (PWC) and United Project for Aviation Services Company (UPAC) are set to sign a KWD 125 mn convertible loan agreement, according to a company disclosure. The loan will go towards financing UPAC’s Reem Mall project in Abu Dhabi. The loan will […]