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Two of the projects involved are a starch processing plant and a broiler producing plant
Author Archives: enterpriseam admin
Posted inAviation
Abu Dhabi airport receives first SF Airlines flight linking the UAE to Wuhan, China
The new round-trip route will run weekly, hauling 220 tonnes of express air cargo
Posted inAviation
Monarch plans to open the MENA region’s first electric aircraft facility in Abu Dhabi
The agreement will see the companies create command and control centers and vertiports in Abu Dhabi
Posted inEquipment
Egyptian National Railways + Austria’s Voestalpine partner up to manufacture and supply railway switches
Voestalpine Egypt for Railway Switch Technology will produce 300 switches annually under the agreement
Posted inProjects
Dubai’s RTA expands road network at Al Qusais
The expansion work will reduce journey time by 60%
Posted inEarnings Watch
Qatar logistics giant GWC posts net income of QAR 61.5 mn in 1Q 2023
The lion’s share of revenues came from the company’s logistics operations
Posted inDiplomacy
The UAE is looking to boost its trade ties with Belgium + EU. PLUS: AD ports group CEO meets with Congo’s President, Iran looks to increase trade with Iraq
A trade delegation from the UAE visited Belgium to hold talks with Belgian and EU counterparts on bolstering trade and promoting investments, according to a statement. Emirati Foreign Trade Minister Thani bin Ahmed Al Zeyoudi sat down with European Trade Commissioner Valdis Dombrovskis to discuss growing trade relations with the EU. “We see great importance […]
Posted inLogistics in the News
Amazon is back in the black + The world is slow in the transition to sustainable cargo fuel
Amazon reverses net loss position in 1Q 2023: E-commerce giant Amazon reported a net income of USD 3.2 bn in 1Q 2023, compared to a net loss of USD 3.8 bn in 1Q 2022, according to the company’s earnings release (pdf). Net sales increased 9% y-o-y to USD 127.4 bn, with North America segment sales […]
Posted inAlso on Our Radar
ADNOC L&S commissions an FSU at Philippines terminal. PLUS: DHL expands operations to Turkish Cargo’s smart cargo facility
ENERGY- ADNOC Logistics & Services (ADNOC L&S) has successfully berthed an LNG carrier at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, according to a press release. The LNG carrier, Ish, is now being commissioned as a Floating Storage Unit (FSU) at the new terminal which is the first of its kind in […]
Posted inAround the World
US, Iran seize oil tankers as tensions rise. PLUS: California plans phase-out of diesel powered trucks
The US and Iran play Battleship with oil tankers: US authorities last week seized a tanker carrying Iranian crude on its way to China, prompting Tehran to capture a US-bound vessel carrying Kuwaiti crude, the Financial Times reports. Washington’s move is the latest in its efforts to enforce its sanctions against the Iranian oil trade […]