The company’s topline was buoyed by rising revenues from its storage unit
Author Archives: enterpriseam admin
2023 could be a big year for autonomous vehicles in Dubai
Dubai’s government-backed AV strategy is among the most ambitious in the world, and it’s eyeing a rollout this year
Israel + Morocco ink transport agreements + Kuwait, Saudi officials talk trade + aviation cooperation. PLUS: More cooperation between UAE + Czech Republic, Oman and Bangladesh, and Oman and Iran
Morocco and Israel signed three transport, shipping, and road safety agreements during Israeli Transport Minister Miri Regev’s visit to Morocco, according to an Israeli Transport Ministry statement. The first agreement will see the two countries recognize drivers’ licenses issued from each country for visitors and residents, which they say will contribute to strengthening business relations […]
Container ships are moving at all time slow speeds
Container ships have been moving at all-time low speeds in 1Q 2023 to face “structural overcapacity” and high fuel prices, maritime and shipping research Clarksons said, according to Splash247. Average sailing speeds have slowed to 13.8 knots, down 4% y-o-y, with the possibility that this could further decrease to 10% by 2025, according to analysis […]
SCZone continues roadshows in Sweden + Dubai Customs implements new X-ray scanning system. PLUS: News from PrestraFreedom, FAB, King Abdulaziz Port and IranAir
SHIPPING LINES- Dammam added to Upper Gulf Express service: MSC has added King Abdulaziz Port to its Upper Gulf Express shipping service, the Saudi Ports Authority (Mawani) said in a statement. The new route launching at the end of May will connect Dammam to the Arabian Gulf ports of Khalifa, Sharjah, and Umm Qasr. The […]
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. 29-30 May (Monday-Tuesday) Made in Russia + Innoprom business mission, Riyadh Chamber […]
TODAY: Iran eyes multinational transport fund + Google Cloud to establish data centers in Kuwait
Good morning, everyone — we hope you had a nice, restful weekend. We have a packed issue for you this morning, with tons of updates from across the region. Let’s dive in. THE BIG LOGISTICS STORY- Iraq launched a USD 17 bn road development project, which will involve 1.2k km of railways and highways linking […]
Iraq is linking Asia and Europe with a USD 17 bn road and rail project
The project could rival Egypt’s Suez Canal and become a vital global oil and gas artery
Adnoc L&S draws historic demand in IPO, raising USD 769 mn
The company’s IPO was 163x oversubscribed