The lion’s share of revenues came from the company’s logistics operations
Author Archives: enterpriseam admin
The UAE is looking to boost its trade ties with Belgium + EU. PLUS: AD ports group CEO meets with Congo’s President, Iran looks to increase trade with Iraq
A trade delegation from the UAE visited Belgium to hold talks with Belgian and EU counterparts on bolstering trade and promoting investments, according to a statement. Emirati Foreign Trade Minister Thani bin Ahmed Al Zeyoudi sat down with European Trade Commissioner Valdis Dombrovskis to discuss growing trade relations with the EU. “We see great importance […]
Amazon is back in the black + The world is slow in the transition to sustainable cargo fuel
Amazon reverses net loss position in 1Q 2023: E-commerce giant Amazon reported a net income of USD 3.2 bn in 1Q 2023, compared to a net loss of USD 3.8 bn in 1Q 2022, according to the company’s earnings release (pdf). Net sales increased 9% y-o-y to USD 127.4 bn, with North America segment sales […]
ADNOC L&S commissions an FSU at Philippines terminal. PLUS: DHL expands operations to Turkish Cargo’s smart cargo facility
ENERGY- ADNOC Logistics & Services (ADNOC L&S) has successfully berthed an LNG carrier at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, according to a press release. The LNG carrier, Ish, is now being commissioned as a Floating Storage Unit (FSU) at the new terminal which is the first of its kind in […]
US, Iran seize oil tankers as tensions rise. PLUS: California plans phase-out of diesel powered trucks
The US and Iran play Battleship with oil tankers: US authorities last week seized a tanker carrying Iranian crude on its way to China, prompting Tehran to capture a US-bound vessel carrying Kuwaiti crude, the Financial Times reports. Washington’s move is the latest in its efforts to enforce its sanctions against the Iranian oil trade […]
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. 4 […]
TODAY: Qatar to switch 35% of vehicles and 100% buses to electric by 2030 + Suez Canal Authority adjusts fixed rebates for vessels altering their destinations + Kuwait extends deadline for railway consultancy contract
Good morning, friends. The region appears to still be shaking off the Eid cobwebs as we ease back into the flow of things, giving us a relatively quiet morning in the world of Logistics. THE BIG LOGISTICS STORY- The Salalah Freezone has signed an OMR 88.5 mn (USD 230 mn) investment agreement with Chinese silicon […]
Salalah Freezone signs USD 230 mn investment agreement with Chinese silicon company for production plant
The production capacity of packaging paper annually will be 300k tons
Tunisia is now ready to implement AfCFTA agreement
Any business wanting to trade within the freetrade area can now use an AfCFTA certificate of origin document