Logistics (MENA) 
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Agility KSCP to invest over KD 100 mn in logistics and infrastructure sectors over the next five years
PLUS: Agility Global approved an additional USD 110 mn loan from subsidiary to APWC
Tristar secures USD 255 mn loan to fund debts and business operations
The credit facility has an 18-month tenor with the option to extend
Agility secures USD 500 mn loan to back operations, growth plans
The facility has a three-year tenor with certain extension options.
A mixed bag of 1Q earnings from Agility Global and Air Arabia
Agility Global saw its net income dip, while Air Arabia recorded a surge
Agility Global sees bottomline, topline growth for FY 2024
Menzies Aviation saw 20% y-o-y growth in 2024 on the back of new expansion in Spain, Portugal, and India
Kuwait’s Agility refinances debt, raises USD 47 mn at five-year tenor
PLUS: IFC supports discount retailer Kazyon’s warehousing expansion in Morocco
Updates on zones, cargo, shipping, rail and trade from Kuwait, Egypt, UAE, and Iraq
Stories on our radar this morning from around the region
How GCC countries’ logistics markets performed in 2024
The UAE and KSA came in the top 10 emerging markets across all indices.
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