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Posted inDiplomacy

Egypt + Indonesia plan trade committee. PLUS: Iran + Qatar to boost transport cooperation, GCC states talk boosting trade ties

by enterpriseam adminLogistics (MENA)

Egypt + Indonesia agree to establish trade committee: Trade and Industry Minister Ahmed Samir and Indonesian Trade Minister Zulkifli Hasan inked an agreement to establish a trade committee to help boost trade and economic ties, according to a ministry statement. The committee will be tasked with identifying and implementing the necessary measures to develop trade […]

Posted inLogistics in the News

Chinese firm could soon be awarded a bid for Morocco's high-speed train

by enterpriseam adminLogistics (MENA)

A bid fromChina Rail Construction Corporation for Morocco's high-speed train linking Casablanca with Agadir is looking favorable as economic ties grow between the two countries, Moroccan news outlet Hespress quotes economic analysts as saying. While firms in other countries, including France, are bidding for the construction of the high-speed train, the Chinese company’s offer is […]

Posted inAlso on Our Radar

IsDB signs financing agreements for transport, infrastructure projects. PLUS: KSA boosts grain storage capacity, ADIB + Meydan FZ ink MoU

by enterpriseam adminLogistics (MENA)

DEVELOPMENT FINANCE- IsDB signs USD 5.4 bn development finance agreements: The Islamic Development Bank (IsDB) has signed financing agreements worth USD 5.4 bn with 24 of its member countries, according to the Saudi Press Agency (SPA). The agreements, which were signed at the IsDB’s annual meetings, cover the areas of transportation, healthcare, agriculture, food security, […]

Posted inAround the World

Hapag-Lloyd latest to report fall in revenues amid falling freight rates + Italy’s exports to China triple over the past year

by enterpriseam adminLogistics (MENA)

Hapag-Lloyd posts top + bottom line decline in 1Q 2023: Hapag-Lloyd AG reported a 54.6% y-o-y fall in group income to EUR 1.9 bn in 1Q 2023, while revenues fell 29% y-o-y to EUR 5.6 bn, according to the company’s financials (pdf). The fall in the company’s revenues was attributed to lower transport volumes — […]

Posted inCalendar
by enterpriseam adminLogistics (MENA)

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. 15-16 May (Monday-Tuesday): Middle East Rail, Abu Dhabi National Exhibition Centre, Abu […]

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