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Good morning, friends. It’s the final day before Ramadan, and we’re cherishing our last sips of morning coffee before a month of fasting; we hope you are too as you go through today’s issue. THE BIG STORY TODAY- There’s a smattering of big stories coming out of the UAE, Egypt and Oman: AD Ports is […]
Author Archives: enterpriseam admin
Posted inSTORAGE & WAREHOUSE
Amazon ups storage capacity in the UAE by 70% with new Dubai fulfillment center
Amazon opened a new fulfillment center in Dubai, upping its storage capacity by 70%, the company said in a press release. The fulfillment center, located in Dubai South’s Logistics District, has 2.1 mn cubic feet of storage. The facility — which is the company's second fulfillment center in the district — has uninterrupted access to […]
Posted inM&A Watch
Oman infrastructure fund Rakiza acquires 31% of Sohar port terminal
The fund raised USD 1 bn for infrastructure + logistics investments in the region
Posted inM&A Watch
Is AD Ports rivaling QIA’s bid for Egyptian cargo handling firms?
Is ADP eyeing stakes in Egyptian cargo handling firms? Abu Dhabi Ports (ADP) has reportedly submitted an initial offer to acquire a controlling stake in state-owned Egyptian firms Port Said Container and Cargo Handling (PSCCHC) and Damietta Container and Handling (DCHC), Al Mal quotes sources close to the matter as saying. The bid would rival […]
Posted inDispute Watch
Agility will get USD 1.65 bn in settlement money from Iraq’s Korek Telecom and Sirwan Barzani
A subsidiary of Kuwait’s Agility and an affiliate were awarded USD 1.65 bn in damages and legal expenses after a tribunal determined that their USD 810 mn investment in Korek Telecom was expropriated illegally, according to a company statement.The International Chamber of Commerce Arbitration’s decision will seeKorek Telecom and its controlling shareholder, Iraqi businessman Sirwan […]
Posted inCargo
Russian logistics firm launches cargo delivery service between Russia + Iran, UAE, Qatar
Russian logistics firm launches cargo delivery service to Middle East countries: Russian logistics operator Delovye Linii has launched a cargo delivery service to deliver packages via sea, air and land from Iran, the UAE and Qatar to Russia, Tassreports. The details: Cargo delivered by sea from Bandar Abbas in Iran will reach Astrakhan, Russia in […]
Posted inAlso on Our Radar
Fedex Express launches budget-friendly services in KSA for SMEs + HSD Engine to provide Nakilat with maintenance, spare parts
FedEx Express launches SME-friendly delivery service in KSA: FedEx subsidiary FedEx Expresslaunched its more cost-effective delivery service in Saudi Arabia, the company saidin a press release on Monday. The services — dubbed FedEx International Economy and FedEX International Economy Freight — allow customers to save on less time-sensitive deliveries of shipments of various sizes, making […]
Posted inOn Your Way Out
Maersk unveils first dual-fuel engine ship
Maersk just unveiled its first dual-fuel engine ship, which can operate on either very low sulfur fuel oil (VLSFO) or green methanol, on its social media pages. The soon-to-launch 2k-TEU ship is due to be delivered by Hyundai Mipo Dockyard this year, as the company looks to boost its decarbonization efforts.