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The funds will go towards expanding operations in the UAE and Saudi Arabia, as well as its launch in Kuwait
Author Archives: enterpriseam admin
Posted inDiplomacy
Syria to curb cross-border drug trafficking
Syria has pledged to ramp up efforts to halt drug trafficking at its borders with Iraq and Jordan, according to a joint statement issued following a meeting of Arab ministers in Amman. Syria will work over the next few months to determine who is transporting narcotics into the two countries and “take the necessary steps […]
Posted inMoves
DP World appoints a new global vice president of engineering
Emirati logistics firm and port operator DP World has appointed Sangam Reddy(Linkedin) as global vice president of engineering, according to a press release. Reddy most recently served as a director at Amazon India, where he held several different positions over a 10-year period. He will be responsible for market access, e-commerce, and data chain solutions […]
Posted inLogistics in the News
Egypt among thirteen MENA countries featured on 2023 Smart City Index
10 MENA cities ranked among the world’s top 100 smart cities:Ten cities in the MENA region placed among the world’s top 100 smart cities, with Abu Dhabi and Dubai making it to the top 20, in the International Institute for Management Development’s (IMD) smart city index report (pdf). Other cities in the top 100 include […]
Posted inAlso on Our Radar
Agility subsidiaries enter convertible loan agreement + Gulf Navigation sells vessel to settle debts. PLUS: News from Trukkin
DEBT- Agility subsidiaries to ink loan agreement: Kuwait-based Agility subsidiariesPWC Aviation Services Company KSCC (PWC) and United Project for Aviation Services Company (UPAC) are set to sign a KWD 125 mn convertible loan agreement, according to a company disclosure. The loan will go towards financing UPAC’s Reem Mall project in Abu Dhabi. The loan will […]
Posted inAround the World
Singapore’s ambitions to for ammonia bunkering will likely not happen this year
Singapore will not be ready for ammonia bunkering by the end of the yeardespite previous reportsto the contrary, according to a Singapore Maritime and Port Authority (MPA) statement. The announcement was issued to rebut earlier reportsthat the first transfers of the green fuel would take place before 2023 was out. The move had been pending […]
Posted inCalendar
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. 1-4 May (Monday-Thursday): Select USA Investment Summit, National Harbor, Maryland, USA. 1-4 […]
Posted inWhat we're tracking today
TODAY: The region’s port authorities report key container handling figures + April was a good month for tanker orders
Good morning, lovely people. We have a brisk issue for you this morning, with several big updates from maritime shipping players and a must-read breakdown of MENA countries’ performance in the World Bank’s latest logistics performance index. THE BIG LOGISTICS STORY- The UAE’s AD Ports plans c. AED 1 bn fleet expansion:AD Ports plans to […]
Posted inMARITIME
AD Ports Group plans maritime fleet expansion to the tune of AED 955 mn
The purchases will serve its partnerships with Bangladeshi port operator Saif Powertec and maritime shipping firm KazMorTransFlot