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Author Archives: enterpriseam admin
Egytrans board approves NOSCO takeover bid
Egytrans is one step closer to acquiring NOSCO via a share swap: Egyptian logistics firmEgytrans’board of directors approved the acquisition of Egyptian trucking firm the National Company for Transportation and Overseas Service Company (NOSCO) at a meeting yesterday, it said in a statement (pdf). The transaction will see the company acquire 99.9% of NOSCO’s shares […]
MENA e-commerce giant Noon has cut 10% of its jobs to save on costs
Noon started layoffs a year and a half ago
Saudi Arabia + Syria take another step to warm ties + Qatar, UAE to soon reopen embassies
Saudi Arabia’s Prince Faisal Bin Farhan met with Syrian President Bashar Al Assad in Damascus yesterday for the first time since 2011, to discuss the possibility of readmitting Syria into the Arab League, Saudi state news agency SPA reported. Prince Faisal and Assad discussed steps for a political resolution in Syria “that would contribute to […]
Adnoc partners with Kawasaki on hydrogen value chain + AD Ports to distribute ZTlido®. PLUS: Qatar Airways to resume Auckland flights + Aramex to pay out dividends to its shareholders
DECARBONIZATION- Adnoc + Kawasaki sign agreement to boost low carbon hydrogen chain: The AbuDhabi National Company (Adnoc) signed an agreement with Japanese manufacturing giant Kawasaki to explore joint production, liquefaction, and transport mechanisms for low-carbon hydrogen for delivery to international markets, according to a company tweet. The timelines and financials of the partnership were not […]
Shell launches its first electric ferry as part of plans to cut emissions from ships
Shell launches its first electric ferry in Singapore, plans to cut ship emissions: Oil giant Shell has launched its first 200-seater electric ferry at its Singapore petrochemical refinery on Monday, as it looks to kick start talks with its port authority to cut ship emissions, according to a statement from Singapore’s Maritime and Port Authority. […]
APRIL 17-21 April (Monday-Friday): Hannover Messe 2023, Messegelände, Hannover, Germany. 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 […]
TODAY: Saudi Arabia launches four economic zones + clashes in Sudan bring country to a halt
Good morning, nice people. We have a packed issue for you this morning with plenty of news to catch up on, from diplomatic detentes to new economic zones and logistics parks. THE BIG LOGISTICS STORY- Saudi Arabia has launched four new Special Economic Zones in the kingdom to reinforce its position as a global investment […]
Saudi Arabia launches four new SEZs
The zones will help contribute bns to Saudi Arabia’a GDP