The vessels will transport vehicles, equipment, and supplies to and from offshore sites
Author Archives: enterpriseam admin
Emirates Group posts record revenue and net profits in 2022-2023
The record figures come on the back of the post-pandemic recovery in travel
Aramex sees net income fall 49% y-o-y amid global headwinds
The company’s net income fell due to the normalization of shipping volumes, as well as inflationary pressures
UAE holds bilateral trade talks + plans to help Seychelles with Airport and Port Victoria development. PLUS: GCC to unify goods as “local,” Qatar boosts ties with Azerbaijan
TheUAE’s FM holds bilateral meetings to boost trade: UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi held bilateral meetings with senior ministers and officials from Jordan, Egypt, Lebanon, Iraq, Uzbekistan, Sri Lanka, Congo, Malawi, Burkina Faso, Tanzania, and the African Free Trade Association, at the 12th Annual Investment Meeting, Emirati state news agency WAMreports. […]
Slowbalization trend signals subdued growth in global trade. PLUS: The latest on diesel-powered trucking, B2B logistics startups, COSCO and Amazon
The worst of the global trade slowdown is likely over, but a rapid recovery is not expected, Bloombergreports. Five of the 10 indicators on the Bloomberg Trade Tracker remained below normal levels in mid-May, as key ports worldwide witnessed a decline in shipping and export volumes. Sentiment remains low, but it is slowly improving as […]
Brazilian mining firm Vale eyes rail link between facilities in UAE + Oman. PLUS: News from Hexcel, Air Arabia, Wizz Arabia, Mahindra Logistics + Suez Canal Authority
RAIL- Oman and Etihad Rail Company and Brazilian mining firm Vale are looking into connecting Vale’s facilities in Oman and the UAE via rail, according to a press release. The two sides signed a memorandum of understanding (MoU) to work on developing “integrated logistical solutions” to ship iron ore and derivatives from Vale’s industrial hub […]
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 May (Monday): Exports + FDI Forum, Four Seasons Hotel Cairo at […]
TODAY: Revamp of Iraq’s Basra ports is complete + SCZone is in Amsterdam
Good morning, wonderful people. We have a business-heavy issue for you this morning, with updates on ADNOC L&S’ IPO and an M&A in the oil and gas rigging and chartering sector. Let’s dive in. We’re only four days away from meeting with some of you at the Enterprise Exports and FDI Forum, taking place at […]
ADNOC to float 15% stake in logistics subsidiary
The door for subscriptions will open on 16 May