Logistics (MENA) 
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Bahri added nine new VLCCs to its fleet
Each vessel has an average capacity of 310k dwt, increasing the company’s total fleet handling capacity to 15.5 mn dwt
A slew of earnings from Bahri, Abu Dhabi Aviation, and Milaha
It’s a mixed season for the region’s big logistics players
PIF to up its investment in KSA’s logistics and transport sector by 60% in 2025
The fund is specifically eyeing up potential investment options in the maritime transport, ports management and operations and logistics sectors
Updates on startups, aviation, supply chains, shipping, and customs from KSA, Jordan, and the UAE
Stories on our radar this morning from around the region
TODAY: UAE to invest USD 90 bn for air fleet expansion by 2032 + Riyadh Air eyes 50 widebody jets order this year
What we’re tracking this morning regionally and around the world
FY 2024 earnings from Bahri and EasyLease
Bahri saw its bottomline surge by 34%, while EasyLease’s increased by 18.4%
Updates on shipping, e-commerce and customs from KSA, UAE and Oman
Stories on our radar this morning from around the region
KSA’s Bahri secures USD 800 mn Murabaha credit facility
The funding aims to support the company’s financial position and will go to its working capital and CAPEX requirements
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