Qatari Transport Minister Jassim Saif Ahmed Al Sulaiti discussed developing transportation ties in meetings with officials from across the MENA region during the Middle East Rail conference in Abu Dhabi on Monday. Al Sulaiti met with: IranianTransport Minister Mehrdad Bazrphash, with whom he discussed cooperating on transport, maritime navigation, commercial ports, air transport and civil […]
Author Archives: enterpriseam admin
Countries are looking towards reshoring, nearshoring amid global supply chain reconfiguration, DP World CEO says
The reconfiguration of supply chains is prompting countries to resort to reshoring and nearshoring to preempt supply chain disruptions and double down on industrialization, CEO and Managing Director of DP World UAE and Jafza (Jebel Ali FreeZone Authority) Abdulla Bin Damithan said at the Seatrade Maritime Logistics Middle East event in Dubai, Seatrade Maritime reports. […]
Masdar, Airbus to work on sustainable aviation fuel development + Egypt to provide incentives to investors, transport players. PLUS: EISAS is now Asyad’s shipping agent in Egypt
AVIATION- Masdar + Airbus team up on SAF production: UAE renewables company Masdar signedan agreement with French aircraft manufacturer Airbus to jointly develop sustainable aviation fuels, green hydrogen, and direct air capture technologies, according to a statement. The agreement also sees the companies jointly launching a book and claims framework that would enable aircraft operators […]
Eurozone trade balance jumps to surplus in 1Q 2023 on the back of higher exports + J&T Express acquires SF Express subsidiary
The eurozone’s unadjusted trade balance saw an 8.5% jump in exports in 1Q 2023, alongside flat import growth, according to a report by the EU’s statistics agency Eurostat (pdf). The region saw a EUR 25.6 bn trade surplus in March, as opposed to a deficit during the same period in 2022, according to a separate […]
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. 15-17 May (Monday-Wednesday): Global Fleet Conference, Cascais, Portugal. 15-19 May (Monday-Tuesday): The […]
TODAY: Turkish elections delay resumption of Iraqi oil exports to Turkey + Container line between Jebel Ali and Iran’s Bushehr Port coming this year
Good morning, ladies and gentlemen. We have another brisk issue for you today, with updates on the Adnoc L&S IPO, and some details on Iraq’s mega Development Road Project. THE BIG LOGISTICS STORY- Adnoc Logistics & Services’ IPO — which will see the company list a 15% stake on the ADX — kicked off to […]
Adnoc L&S bookbuilding kicks off to massive investor demand
The company priced the IPO at a range between AED 1.99 and 2.01 a share
Iraq’s Development Road Project connecting it to Turkey will cost USD 17 bn
The first phase of the project, which includes the freight train and a 1.2k km highway, will be complete by 2028
Agility subsidiary Menzies Aviation acquires Panama’s Aircraft Services and Consulting
This is Menzies’ second acquisition so far this year