Logistics (MENA) 
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Gulfnav’s bottomline up 62% y-o-y to AED 6.8 mn + completes capital increase via sukuk issuance
The company completed an AED 200 mn capital increase through a sukuk issuance a few days ago
Egypt’s House approves bill handing an AD Ports-led consortium a 30-year contract for Safaga Port
The company will spend USD 200 mn on superstructure and equipment, buildings, and other real estate facilities and utilities network
Thuraya and Cypod Solutions launch container tracking software + AIQ and Bayanat to develop software app to monitor drilling rigs
One solution is geared towards container shipping, while the other helps streamline drilling rigs logistics
TODAY: Lebanese airline moves its fleet amid escalating violence in the region + Suez Canal is hiking transit fees next year
Good morning, lovely people. The newsflow is still dominated by the events in Gaza — including their impacts on logistics…
Another Saudi airport to get a revamp + SCZone eyes more green energy cooperation, and Al Seer Marine gets new VLGC
AVIATION- KSA’s Al Wajh Airport is getting a revamp: Multi-project developer Red Sea Global, which is owned by the Saudi…
Nakilat’s bottomline up 4.8% y-o-y in 3Q 2023 on the back of solid performance from LNG and LPG JVs
The company’s revenues also rose 6.5% y-o-y on the back of robust earnings from LNG, LPG and shipyard JVs
TODAY: Aid still stuck at Gaza-Egypt border + No dice for Iran and Azerbaijan’s railway through Armenia
Good morning, wonderful people. The news flow has slowed down a bit after a hectic weekend of news, with just…
India inaugurates its first transshipment port + US sanctions Emirati tanker for violating Western sanctions against Russian crude
India inaugurates first transshipment container port: The country yesterday inaugurated Vizhinjam transshipment container port, which is expected to significantly boost…
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