{"id":70283,"date":"2023-04-19T00:00:00","date_gmt":"2023-04-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=70283"},"modified":"2025-12-15T12:27:16","modified_gmt":"2025-12-15T12:27:16","slug":"agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/","title":{"rendered":"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce"},"content":{"rendered":"<section id=\"70285\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70285\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What we're tracking today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/\">\r\n                            TODAY: M&amp;A takes the lead in the region + Bahrain and Qatar make progress on public roads projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: M&#038;A takes the lead in the region + Bahrain and Qatar make progress on public roads projects&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/&title=TODAY: M&#038;A takes the lead in the region + Bahrain and Qatar make progress on public roads projects\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+M%26%23038%3BA+takes+the+lead+in+the+region+%2B+Bahrain+and+Qatar+make+progress+on+public+roads+projects+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Ftoday-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/333.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70286\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/today-ma-takes-the-lead-in-the-region-bahrain-and-qatar-make-progress-on-public-roads-projects\/333-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/333.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"333.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/333.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/333.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70285\" class=\"content-area-description single-story post-70285 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-air-india tag-bahrain tag-emtelle tag-enterprise-logistics tag-kezad tag-qatar tag-sudan tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.480c2801-26ef-4c71-9075-68fb2ded6fc7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, friends, and welcome to the final breaths of Ramadan.<\/span><span style=\"\"> The news slowdown<\/span><span style=\"\"> is good and well upon us as the region gears up for Eid El Fitr, although there\u2019s just enough happening \u2014 particularly on the M&A front \u2014 to keep things interesting. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A quick programming note: <\/span><span style=\"\">Enterprise Logistics will be off from tomorrow until next Tuesday,<\/span><span style=\"font-weight:400;\"> 25 April in observance of Eid El Fitr. We\u2019ll be back in your inboxes on Wednesday, 26 April at our regularly scheduled time. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG LOGISTICS STORIES-<\/span><span style=\"\"> Agility subsidiary Menzies Aviation is looking to acquire a<\/span><span> 50.1% stake in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.flytap.com\/en-eg\/\/\" style=\"\">TAP Air Portugal<\/a><\/span><span>\u2019s aviation services subsidiary, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.groundforce.pt\/en\/groundforce-portugal\" style=\"\">Groundforce<\/a><\/span><span>, in a transaction that would give Menzies <\/span><span>a 65% market share in<\/span><span> Portugal, while Egyptian logistics firm Egytrans\u2019 board of directors approved the acquisition of Egyptian trucking firm the National Company for Transportation and Overseas Service Company.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO- Sudan\u2019s shaky ceasefire collapsed within hours yesterday<\/span><span style=\"\">, after clashes between<\/span><span> the Sudanese Armed Forces and paramilitary <\/span><span>group<\/span><span> the Rapid Support Forces erupted again in Khartoum, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/africa\/sudans-rsf-leader-hemedti-says-discussed-pressing-issues-with-blinken-2023-04-18\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reports. Both sides accuse each other of breaching the ceasefire.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">KEZAD and Emtelle break ground on USD 50 mn fiber optics hub in Abu Dhabi:<\/span><span style=\"\"> Khalifa <\/span><span style=\"\">Economic Zones Abu Dhabi (KEZAD) and UK-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emtelle.com\/\" style=\"\">Emtelle<\/a><\/span><span style=\"\"> have broken ground on a new fiber optics research and manufacturing hub in Abu Dhabi, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/04\/18\/emtelle-and-kezad-jointly-break-ground-at-new-regional-hub-in-abu-dhabi\" style=\"\">press release<\/a><\/span><span style=\"\">. The project is one of the largest of its kind in the world and will see Emtelle invest a total of USD 50 mn over three phases of development. Emtelle hopes to use the new facility to develop and manufacture cutting-edge fiber optics and cable protectors, as well as the distribution and R&D of blown fiber units and ducted network solutions, to service customers in MENA, Asia, and Australia, and New Zealand. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">Bahrain has opened a new flyover in Manama as part of a USD 106 mn project to develop<\/span><span style=\"font-weight:700\">arterial routes in the city<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tradearabia.com\/news\/CONS_408519.html\" style=\"\">Trade Arabia<\/a><\/span><span style=\"font-weight:400;\"> reports. The project, which comprises two flyovers and an underpass, is set to be completed in March of next year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Qatar\u2019s public work authority has finished developing a 2 km section of Al Wukair Road in Doha<\/span><span>, <\/span><span style=\"\">according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3L7RCMz\" style=\"\">statement<\/a><\/span><span>.<\/span><span> The development work took place between <\/span><span style=\"\">Al Mashaf and <\/span><span>Al Wukair\u2019s intersection with <\/span><span style=\"font-weight:400;\">Sheikh Abdulrahman bin Jasim Al Thani street. Two roundabouts were also converted into signal-controlled intersections. This was the second phase of development, which started in late 2022.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE #1-<\/span><span style=\"font-weight:700\">Air India will reportedly cut back flights to the GCC due to plane and crew shortages<\/span><span style=\"\">, Indian <\/span><span style=\"\">financial news website <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/air-india-to-slash-flights-to-oman-uae-and-qatar-amid-shortage-of-planes-crew-10413141.html\" style=\"\">moneycontrol<\/a><\/span><span style=\"font-weight:400;\"> reported, citing circulars issued to travel agents. The Tata-owned carrier will begin implementing the cuts after Eid El Fitr to accommodate the surge in bookings during the seasonal holiday. The airline will reduce trips to Dubai, Abu Dhabi, Doha, and Muscat until the end of May, the outlet reported.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WATCH THIS SPACE #2- <\/span><span style=\"font-weight:700\">Egypt eyes customs incentives to boost transit trade:<\/span><span style=\"\"> Egypt\u2019s <\/span><span>transport and finance ministries are working together to introduce amendments to the Customs Law that would introduce incentives to draw transit trade to Egyptian ports, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3A6JGoM\" style=\"\">Al Mal<\/a><\/span><span> reports, citing unnamed sources. The sources don\u2019t reveal any details about the proposed incentives.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DATA POINT- Syria\u2019s exports hit c.USD 250 mn in 1Q 2023<\/span><span style=\"\">, head of the Syrian Chamber of<\/span><span> Commerce\u2019s Import and Export Committee Fahd Darwish said, according to government-aligned <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/alwatan.sy\/archives\/342916\" style=\"\">Alwatan<\/a><\/span><span>. Exports of unnamed \u201cnatural resources\u201d accounted for the lion\u2019s share of the country\u2019s exports during the quarter, followed by vegetable and fruit exports, Darwish told Alwatan. Syria\u2019s export figures have been gradually recovering in recent years, climbing from c. USD 700 mn in 2018 and broke the USD 1 bn threshold in 2021 and 2022, the newspaper added. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Baghdad + KRG take a step forward in resuming Iraq northern oil exports:<\/span><span style=\"\"> The Iraqi <\/span><span style=\"\">government and the Kurdistan Regional Government (KRG) have ironed out technicalities necessary for resuming northern oil exports from the port of Ceyhan in Turkey to international markets, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/energy\/baghdad-krg-take-step-towards-resuming-iraq-northern-oil-exports-2023-04-17\/\" style=\"\">Reuters<\/a><\/span><span style=\"\"> reports. Some 450k barrels per day (bbl \/ d) in northern oil exports were stopped following an arbitration ruling <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/16ac81ab-c7b4-40e0-a399-60a88ed2ef70\" style=\"\">last month<\/a><\/span><span style=\"font-weight:400;\">. Baghdad and the KRG had initially signed an agreement on 4 April to resume crude oil exports, but continued negotiations on technical issues such as marketing, pricing, and destination before engaging with Turkey, two sources with knowledge of the matter told Reuters. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The terms of the agreement will allow Iraqi state owned marketer SOMO to sign contracts with traders<\/span><span style=\"\">, while restricting exports to Asia and pricing them against Kirkuk official selling prices, four sources told Reuters. Resumption of exports, terms and conditions for pricing, mechanism for payment, and share of future oil export sales will be further discussed at a meeting between international oil companies and KRG Prime Minister Masrour Barzani. The timeline for the resumption of Iraq\u2019s northern oil exports remains unclear, with the ball still remaining in Turkey\u2019s court as it insists on receiving assurances from Iraq on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b0f5e538-1c89-49a9-81a3-4411fa8e8b87\" style=\"\">second arbitration case<\/a><\/span><span style=\"font-weight:400;\">, a source told Reuters.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">MARKET WATCH- <\/span><span style=\"font-weight:700\">Container spot prices are showing signs of recovery: <\/span><span style=\"\">The Shanghai<\/span><span> Containerized Freight Index (SCFI) <\/span><span>rose 8% <\/span><span>week-on-week, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrade-maritime.com\/containers\/container-spot-rates-likely-recovery-path-hsbc\" style=\"\">Seatrade Maritime News<\/a><\/span><span style=\"font-weight:400;\"> reports citing HSBC\u2019s Global Freight Monitor. The rise reverses a year-long decline in container spot rates that saw rates fall some 84% from the record high in September 2021, according to Drewry\u2019s World Container Index (WCI). However, the SCFI is still down 7% year-to-date. \u201cWe expect market spot rates to stabilize at current levels in the coming months and gain support from a sequential improvement in volumes in 2H23,\u201d the report says, also noting that the Clarksons Time Charter Index for containerships witnessed a 13% recovery from its mid-February low. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Russian crude exports have bounced back, sparking fresh speculation over how serious<\/span><span style=\"font-weight:700\"> the country is about its announced output cuts<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-17\/russian-oil-exports-rebound-to-reignite-doubts-over-output-cut?srnd=economics-trade&leadSource=uverify%20wall\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> reports. Output has increased by 540k barrels per day (bbl \/ d), climbing above 3 mn bbl \/ day according to Bloomberg data. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">COME TO OUR NEXT ENTERPRISE FORUM- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/731.jpg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking <\/span><span style=\"font-weight:700\">place on Monday, 15 May.<\/span><span style=\"font-weight:400;\"> The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help Egypt build an export-led economy that makes us a magnet for foreign direct investment (FDI).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Why exports & FDI?<\/span><span> In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what Egypt as a country can do to draw foreign investment and much-needed FX. <\/span><span style=\"font-weight:700\">Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\" style=\"\">You can learn more on our conference website here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">And what better place to discuss moving our goods than Egypt\u2019s original logistics zone \u2014 the Nile. <\/span><span>That\u2019s why we\u2019re looking forward to holding the event by the river\u2019s vistas <\/span><span style=\"font-weight:700;\">at the Four Seasons, Nile Plaza. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Some of the biggest names in business and finance are on board \u2014 are you?<\/span><span style=\"font-weight:400;\"> The Enterprise Exports and FDI Forum is taking place with the generous support of our friends, including:<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Banking partners:<\/span><span style=\"font-weight:400;\"> Banque Misr | Al Baraka Bank | Emirates NBD | HSBC <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Lead partners:<\/span><span style=\"font-weight:400;\"> DB Schenker | DP World | East Port Said Development | IDG | IFC | Madinat Masr<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Event partners: <\/span><span style=\"font-weight:400;\">Beyti | Concrete | Global Corp | Grant Thornton | Hassan Allam Utilities <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO BECOME A COMMERCIAL PARTNER?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa, our head of commercial, here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">HAVEN\u2019T REQUESTED AN INVITE YET?<\/span><span> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">fill out the form here<\/a><\/span><span> to signal your interest, letting us know your name, title and where you work.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">            Get <b style=\"font-weight: 700\">Enterprise<\/b> daily          <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>       <a href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>      <\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/air-india\/\">Air India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/emtelle\/\">Emtelle<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kezad\/\">KEZAD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70287\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70287\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/\">\r\n                            Agility subsidiary Menzies Aviation to acquire a controlling stake in Portugal\u2019s Groundforce                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Agility subsidiary Menzies Aviation to acquire a controlling stake in Portugal\u2019s Groundforce&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/&title=Agility subsidiary Menzies Aviation to acquire a controlling stake in Portugal\u2019s Groundforce\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Agility+subsidiary+Menzies+Aviation+to+acquire+a+controlling+stake+in+Portugal%E2%80%99s+Groundforce+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Fagility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/704.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70288\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/agility-subsidiary-menzies-aviation-to-acquire-a-controlling-stake-in-portugals-groundforce\/704-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/704.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"704.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/704.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/704.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70287\" class=\"content-area-description single-story post-70287 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-agility tag-aviation tag-enterprise-logistics tag-logistics tag-ma-watch tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.fdaa06a2-79f7-4051-a702-271b2950b075.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Agility\u2019s<\/span><span style=\"font-weight:700\">Menzies to acquire controlling stake in Portugal\u2019s Groundforce:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/\" style=\"\">Menzies Aviation<\/a><\/span><span style=\"\">,<\/span><span> a subsidiary of Kuwait-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.agility.com\/en\/\" style=\"\">Agility<\/a><\/span><span>, signed a subscription agreement to acquire a 50.1% stake in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.flytap.com\/en-eg\/\/\" style=\"\">TAP Air Portugal<\/a><\/span><span>\u2019s <\/span><span>aviation services subsidiary, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.groundforce.pt\/en\/groundforce-portugal\" style=\"\">Groundforce<\/a><\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-signs-subscription-agreement-with-tap-air-portugal-and-groundforces-insolvency-estate-to-subscribe-a-50-1-stake-in-groundforce\/\" style=\"\">company press release<\/a><\/span><span>. National Aviation Services (NAS), which was merged with Menzies Aviation under Agility's ownership <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/nas.aero\/Menzies_Aviation_and_NAS_have_joined_forces\/\" style=\"\">last year<\/a><\/span><span style=\"font-weight:400;\">, was chosen as the preferred bidder for Groundforce last August. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details:<\/span><span style=\"\"> Once the agreement closes, Menzies Aviation will have a 65% market share in<\/span><span style=\"font-weight:400;\"> Portugal, operating at five airports with over 3k employees. The agreement also sets out the general terms and conditions of Groundforce's \u201crecovery plan,\u201d the statement says, without disclosing further details. Administrators will submit the plan to Groundforce\u2019s creditors assembly following the acquisition for review, discussion, and approval.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Groundforce: <\/span><span style=\"\">Groundforce Portugal is TAP Air Portugal\u2019s aviation services unit, which<\/span><span style=\"font-weight:400;\"> provides ground and air cargo services to global airlines, including TAP (its main customer), and handles over 100k aircraft turns annually at five of Portugal's busiest airports. The company was established following the privatization of TAP Air Portugal's ground handling services in October 2005.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REFRESHER-<\/span><span> Agility Logistics completed a GBP 763 mn acquisition of UK-based Menzies Aviation last year and combined its business with NAS to create the \u201cworld\u2019s largest aviation services company by number of countries,\u201d according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/news\/agility-completes-763-million-acquisition-of-menzies-aviation\/\" style=\"\">company statement<\/a><\/span><span style=\"font-weight:400;\">. The combined company operates in 58 countries, the statement said.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/agility\/\">Agility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70289\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29638.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hassanallam.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/29594.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Investing in a sustainable future<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-obzf8in\" data-v=\"4\" data-block-id=\"obzf8in\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-obzf8in-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-obzf8in-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29636.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/transmar.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29590.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Your regional partner<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-dakpnwl\" data-v=\"4\" data-block-id=\"dakpnwl\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-dakpnwl-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-dakpnwl-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29641.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/29586.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70290\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70290\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/\">\r\n                            Egytrans board approves NOSCO takeover in share-swap deal                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egytrans board approves NOSCO takeover bid&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/&title=Egytrans board approves NOSCO takeover bid\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egytrans+board+approves+NOSCO+takeover+bid+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Fegytrans-board-approves-nosco-takeover-bid%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/726.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70291\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/egytrans-board-approves-nosco-takeover-bid\/726-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/726.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"726.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/726.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/726.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70290\" class=\"content-area-description single-story post-70290 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-egytrans tag-enterprise-logistics tag-logistics tag-ma-watch tag-nosco tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.eb44a594-b6c1-465e-b23a-3b524bf9f082.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Egytrans is one step closer to acquiring NOSCO via a share swap: <\/span><span style=\"\">Egyptian logistics firm<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egytrans.com\/\" style=\"\">Egytrans\u2019<\/a><\/span><span>board of directors approved the acquisition of Egyptian trucking firm the National Company for Transportation and Overseas Service Company (NOSCO) at a meeting yesterday, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/719.pdf\" style=\"\">a statement (pdf)<\/a><\/span><span style=\"font-weight:400;\">. The transaction will see the company acquire 99.9% of NOSCO\u2019s shares via a share swap, and values the company at around EGP 174.1 mn, according to our math. The acquisition is conditional on the approval of Egytrans\u2019 shareholders at a meeting on 14 May, Egytrans Chairman Mohamed Gamal Moharam said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details:<\/span><span style=\"font-weight:400;\"> Egytrans will exchange one of its shares for every 0.0447 share of NOSCO\u2019s capital. This will see the company acquire 2,999,971 of NOSCO\u2019s shares and in return issue 67,112,933 new shares to NOSCO shareholders. A fair value study valued NOSCO at EGP 58.033 per share and Egytrans at EGP 2.594.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About the two firms: <\/span><span style=\"font-weight:400;\">EGX-listed Egytrans offers air, sea and land transport services as well as customs clearance and storage. NOSCO is a private trucking company which has seen several national projects in Egypt, including power stations and refineries, the Zohr natural gas field and the Cairo monorail. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span> The acquisition has been in the works since October when Egytrans <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ir.egytrans.com\/User\/assets\/img\/Media\/Egytrand%20board%20studies%20acquisition%20deal%20with%20Nosco%20Oct5%20PRL%20_EN_WI%20(002).pdf\" style=\"\">said (pdf)<\/a><\/span><span> the two were exploring a share swap arrangement. The company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/020225e8-a4d0-4558-ab1c-6a2dfe71812f\" style=\"\">said in March<\/a><\/span><span style=\"font-weight:400;\"> that it expected to close the transaction during the first half of the year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The <\/span><span style=\"font-weight:700\">move<\/span><span style=\"font-weight:700\"> falls in line with Egytrans\u2019 expansion and growth strategy:<\/span><span style=\"font-weight:400;\"> The company aims to \u201cstrengthen the executive and operational capabilities of the group\u201d and target larger logistics projects by using Nosco\u2019s fleet and technical expertise, Egytrans CEO Abir Leheta said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Advisors: <\/span><span style=\"font-weight:400;\">Egytrans hired Zaki Hashem and Partners as its counsel for the transaction, while NOSCO appointed Catalyst Partners as financial consultant and transaction manager. Archer Financial Advisors performed the fair value assessments. <\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egytrans\/\">Egytrans<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/nosco\/\">NOSCO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70292\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70292\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Startup Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\">\r\n                            MENA e-commerce giant Noon has cut 10% of its jobs to save on costs                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=MENA e-commerce giant Noon has cut 10% of its jobs to save on costs&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/&title=MENA e-commerce giant Noon has cut 10% of its jobs to save on costs\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=MENA+e-commerce+giant+Noon+has+cut+10%25+of+its+jobs+to+save+on+costs+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Fmena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70293\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/710-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"710.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70292\" class=\"content-area-description single-story post-70292 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterprise-logistics tag-noon tag-startup-watch tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.64016805-3ed7-4cd6-96f4-996fa4ba53c8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">E-commerce platform <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.noon.com\/egypt-en\/?utm_source=C1000088L&utm_medium=cpc&utm_campaign=C1000151355N_eg_en_web_searchxxexactandphrasexxbrandpurexx08082022_noon_web_c1000088l_acquisition_sembranded_&gclid=CjwKCAjw__ihBhADEiwAXEazJturjQnbrpHiV80rrPxHPG8wyWSdjzmbgczPaDnMzpUhpidxDMcXfBoCEGMQAvD_BwE\" style=\"\">Noon<\/a><\/span><span style=\"font-weight:700\"> has slashed 10% of its jobs to trim costs<\/span><span style=\"\">, <\/span><span style=\"\">founder Mohamed Alabbar told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-18\/amazon-s-middle-east-rival-noon-cuts-10-of-jobs-to-pare-costs\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> in an interview. The downsizing included cutting jobs in marketing, advertising, and other departments, Alabbar told Bloomberg. The slew of layoffs were rolled out over the past year and a half. \u201cWe started [layoffs] before the big tech companies did but we\u2019re done now,\u201d Alabbar said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The global tech sector has seen its largest bout of job cuts in recent months<\/span><span style=\"font-weight:400;\">, with Amazon, Alphabet, Microsoft, and Meta Platforms all ending worker contracts after they were left overstaffed due to a hiring binge during the pandemic, Bloomberg explained. Upwards of 67k jobs have been eliminated in the industry as of early February, as per Bloomberg\u2019s tracker. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">But some outfits in MENA are defying the tech sector slump and continue to attract funds from investors<\/span><span style=\"font-weight:400;\">, Bloomberg explained. The IPO scene in the region continues to see strong performers, pushing bankers to look at Noon and other tech firms as good prospects for floatation. Nevertheless, Noon\u2019s founder told Bloomberg that there are no plans for going public.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">More about Noon: <\/span><span style=\"font-weight:400;\">The Dubai-based e-commerce platform was founded in 2016 and is split 50-50 between Alabbar and KSA\u2019s sovereign wealth fund. The outfit operates in the UAE, KSA, and Egypt, and it is looking to expand elsewhere in MENA, according to Bloomberg. Noon\u2019s financial performance is now trending upwards. The \u201ccash burn rate has gone down drastically and our margins are getting better,\u201d Alabbar said last week in statements cited by Bloomberg. <\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/noon\/\">Noon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70294\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70294\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/\">\r\n                            Saudi Arabia + Syria take another step to warm ties + Qatar, UAE to soon reopen embassies                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi Arabia + Syria take another step to warm ties + Qatar, UAE to soon reopen embassies&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/&title=Saudi Arabia + Syria take another step to warm ties + Qatar, UAE to soon reopen embassies\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+Arabia+%2B+Syria+take+another+step+to+warm+ties+%2B+Qatar%2C+UAE+to+soon+reopen+embassies+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Fsaudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/saudi-arabia-syria-take-another-step-to-warm-ties-qatar-uae-to-soon-reopen-embassies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70294\" class=\"content-area-description single-story post-70294 post type-post status-publish format-standard hentry category-diplomacy tag-diplomacy tag-enterprise-logistics tag-saudi-arabia tag-syria wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.566fbd2c-365c-4d64-ad69-766de5b465d9.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Saudi Arabia\u2019s Prince Faisal Bin Farhan met with Syrian President Bashar Al <\/span><span style=\"font-weight:700\">Assad in Damascus yesterday for the first time since 2011<\/span><span style=\"\">, <\/span><span style=\"\">to discuss the possibility of readmitting Syria into the Arab League, Saudi state news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/viewstory.php?lang=ar&newsid=2445050\" style=\"\">SPA<\/a><\/span><span style=\"font-weight:400;\"> reported. Prince Faisal and Assad discussed steps for a political resolution in Syria \u201cthat would contribute to the return of Syria to its Arab surroundings,\u201d the statement said.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- Syria has not been welcomed back with open arms:<\/span><span style=\"\"> Saudi\u2019s meeting with Assad was met with opposition from other Arab states<\/span><span style=\"\">. <\/span><span>Qatar, Kuwait, and Jordan, have pushed back against normalizing relations with Syria, despite regional efforts to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ac58f089-9356-4928-bb8a-1d00334b2a22\" style=\"\">mend ties<\/a><\/span><span style=\"font-weight:400;\"> over the weekend.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO- Qatar and the UAE plan to reopen their long closed embassies \u201cin the <\/span><span style=\"font-weight:700\">coming weeks,\u201d <\/span><span style=\"\">following a near four-year Gulf blockade of Qatar, according to Qatari foreign ministry spokesperson Majd Al Ansari. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.france24.com\/en\/live-news\/20230418-qatar-uae-to-reopen-embassies-in-coming-weeks-doha\" style=\"\">France24<\/a><\/span><span style=\"\">)<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70296\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70296\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/\">\r\n                            Adnoc partners with Kawasaki on hydrogen value chain + AD Ports to distribute ZTlido\u00ae. PLUS: Qatar Airways to resume Auckland flights + Aramex to pay out dividends to its shareholders                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adnoc partners with Kawasaki on hydrogen value chain + AD Ports to distribute ZTlido\u00ae. PLUS: Qatar Airways to resume Auckland flights + Aramex to pay out dividends to its shareholders&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/&title=Adnoc partners with Kawasaki on hydrogen value chain + AD Ports to distribute ZTlido\u00ae. PLUS: Qatar Airways to resume Auckland flights + Aramex to pay out dividends to its shareholders\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adnoc+partners+with+Kawasaki+on+hydrogen+value+chain+%2B+AD+Ports+to+distribute+ZTlido%C2%AE.+PLUS%3A+Qatar+Airways+to+resume+Auckland+flights+%2B+Aramex+to+pay+out+dividends+to+its+shareholders+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Fadnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/adnoc-partners-with-kawasaki-on-hydrogen-value-chain-ad-ports-to-distribute-ztlido-plus-qatar-airways-to-resume-auckland-flights-aramex-to-pay-out-dividends-to-its-shareholders\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70296\" class=\"content-area-description single-story post-70296 post type-post status-publish format-standard hentry category-also-on-our-radar tag-ad-ports tag-also-on-our-radar tag-aramex tag-enterprise-logistics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.35ab3937-137a-4701-ab4a-c6c8172c2804.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECARBONIZATION- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Adnoc + Kawasaki sign agreement to boost low carbon hydrogen chain: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/\" style=\"\">The Abu<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/\" style=\"\">Dhabi National Company<\/a><\/span><span style=\"\"> (Adnoc) signed an agreement with Japanese manufacturing giant Kawasaki to explore joint production, liquefaction, and transport mechanisms for low-carbon hydrogen for delivery to international markets, according to a company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/ADNOCGroup\/status\/1647828086103179266\" style=\"\">tweet<\/a><\/span><span style=\"font-weight:400;\">. The timelines and financials of the partnership were not disclosed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Japan is also interested in Saudi and Oman:<\/span><span style=\"\"> Saudi mining company Ma\u2019aden <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae7ce2a6-4255-4f8c-9da1-c31f93e4e4c2\" style=\"\">inked an MoU<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ae7ce2a6-4255-4f8c-9da1-c31f93e4e4c2\" style=\"\"><\/a><\/span><span style=\"\">last month <\/span><span style=\"\">with Japanese industrial conglomerate Mitsui & Co to become the first commercial supplier of blue ammonia to Japan. Japanese trading and investment conglomerate Marubeni also signed an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e6e6da7a-76b2-4b7b-8e02-b4cfcfde0d3c\" style=\"\">agreement<\/a><\/span><span style=\"font-weight:400;\"> last month with Saudi Arabia\u2019s Public Investment Fund to jointly conduct a feasibility study for a green hydrogen production facility in the Kingdom, noting that it would export some of the green hydrogen to international markets. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Aramex will pay out dividends of AED 0.09533 per share to its shareholders<\/span><span style=\"\">, equivalent to<\/span><span style=\"\"> 9.5% of its shares, after its annual general assembly approved the distribution yesterday, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/aramex_728.pdf\" style=\"\">release (pdf)<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"\">Saudi IT firm<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/mis.com.sa\/\" style=\"\">Al Moammar Information Systems<\/a><\/span><span style=\"\"> was awarded a project <\/span><span>worth <\/span><span style=\"font-weight:700\">SAR 188 mn<\/span><span> by the <\/span><span style=\"font-weight:700\">Saudi Investment Recycling Company <\/span><span>to<\/span><span> build a <\/span><span style=\"font-weight:700\">Maritime Emergency Response and Surveillance Support Center<\/span><span> to monitor oil leaks in the Arabian Gulf and Red Sea regions. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3AmS181\" style=\"\">Saudi Exchange<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"\">US-based pharma firm <\/span><span style=\"font-weight:700\">Scilex Holding <\/span><span style=\"\">has signed an agreement with <\/span><span style=\"font-weight:700\">AD Ports Group<\/span><span> and CH Trading group to<\/span><span style=\"font-weight:700\"> distribute topical pain <\/span><span style=\"font-weight:700\">medication <\/span><span>in Bahrain, Egypt, Kuwait, Oman, and the UAE. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3mCSQpZ\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Qatar Airways will resume non-stop flights to Auckland<\/span><span style=\"\">,<\/span><span style=\"\">New Zealand starting<\/span><span>September, following a years-long hiatus, bringing back one of the world\u2019s longest long-haul flights<\/span><span>. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/simpleflying.com\/qatar-airways-relaunch-doha-auckland-flights\/\" style=\"\">Simple Flying<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aramex\/\">Aramex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70298\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"70298\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/\">\r\n                            Shell launches its first electric ferry as part of plans to cut emissions from ships                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Shell launches its first electric ferry as part of plans to cut emissions from ships&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/&title=Shell launches its first electric ferry as part of plans to cut emissions from ships\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Shell+launches+its+first+electric+ferry+as+part+of+plans+to+cut+emissions+from+ships+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F04%2F19%2Fshell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/716.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"70299\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/shell-launches-its-first-electric-ferry-as-part-of-plans-to-cut-emissions-from-ships\/716-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/716.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"716.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/716.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/716.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70298\" class=\"content-area-description single-story post-70298 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-energy tag-enterprise-logistics tag-shell tag-singapore wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.3f136a00-2980-41c8-9f1d-f8e1e4ff9072.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Shell launches its first electric ferry in Singapore, plans to cut ship emissions:<\/span><span style=\"\"> Oil giant Shell has launched its <\/span><span>first 200-seater electric ferry at its Singapore petrochemical refinery on Monday, as it looks to kick start talks with its port authority to cut ship emissions, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mpa.gov.sg\/media-centre\/details\/mpa-and-shell-sign-mou-to-accelerate-maritime-decarbonisation-efforts-in-singapore\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\"> from Singapore\u2019s Maritime and Port Authority. The move comes on the back of the city state\u2019s rules requiring all new harbor craft to be electric or run on biofuels from 2030.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Shell\u2019s plans to cut emissions: <\/span><span>The first electric ferry, dubbed Penguin Refresh, is scheduled to begin operating in May, with two more to follow by August. It will partly replace the diesel-powered ferries that are currently in use. Shell has not disclosed cost estimates for the ferries. The three ferries will enable Shell to save about 1.9k tonnes (13.8k barrels) of diesel a year and will reduce carbon dioxide emissions by approximately 6.3k tonnes a year, according to the news outlet.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shell\/\">Shell<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/singapore\/\">Singapore<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"70300\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/70300\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-70300\" class=\"content-area-description single-story post-70300 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-21 April (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hannovermesse.de\/en\/\" style=\"\">Hannover Messe 2023<\/a><\/span><span style=\"font-weight:400;\">, Messegel\u00e4nde, Hannover, Germany.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE191\" style=\"\">Intermodal Africa<\/a><\/span><span style=\"font-weight:400;\">, Durban International Convention Centre, South Africa. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 April (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/wcs\/\" style=\"\">World Cargo Symposium<\/a><\/span><span style=\"font-weight:400;\">, Hilton Istanbul Bomonti Hotel and Conference Centre, Istanbul, Turkey. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May: The Suez Canal Economic Zone (SCZone) plans to handover a new 1k-meter container berth to the East Port Said Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 May (Monday - Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.selectusasummit.us\/\" style=\"\">Select USA Investment Summit<\/a><\/span><span style=\"font-weight:400;\">, National Harbor, Maryland, USA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4 May (Thursday): Deadline to submit proposals for the design, construction, finance, operation, and maintenance of the Salalah-Thamrait trucking road in Oman.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit\/why-attend.html\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Sheikh Saeed Halls 1-2, DWTC, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-12 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/transportlogistic.de\/en\/visitors\/planning-your-visit\/tickets\/?_gl=1*b4orj0*_ga*MTkwNzE4NTk0OC4xNjc3MDc3Njc1*_ga_4XZZZZG19V*MTY3ODg5NTM3OC4xLjEuMTY3ODg5NTM5OS4wLjAuMA..\" style=\"\">Transport Logistic<\/a><\/span><span style=\"font-weight:400;\">, Trade Fair Center Messe M\u00fcnchen, Munich, Germany.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 May (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/africanaviationsummit.com\/\" style=\"\">The African Aviation Summit: Air Finance Africa Conference & Exhibition<\/a><\/span><span style=\"\">, <\/span><span style=\"font-weight:400;\">Sandton Convention Centre, Johannesburg, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 May (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html\" style=\"\">Exports + FDI Forum<\/a><\/span><span style=\"font-weight:400;\">, Four Seasons Hotel Cairo at Nile Plaza, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/template\/live\/go\/10675\/0?&pk_campaign=listing&pk_kwd=AF&pk_source=terrapinn&pk_medium=link\" style=\"\">Middle East Rail<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/mobility-live-me\/\" style=\"\">Mobility Live Middle East<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conference.globalfleet.com\/\" style=\"\">Global Fleet Conference<\/a><\/span><span>, Cascais, Portugal<\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">16-17 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/caaid.net\/\" style=\"\">Africa Forum of Investment and Commerce<\/a><\/span><span style=\"font-weight:400;\">, Sheraton Hotel, Algiers, Algeria.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE193\" style=\"\">Baltic and Black Sea Ports & Shipping<\/a><\/span><span style=\"font-weight:400;\">, Radisson Hotel & Suites, Gdansk, Poland. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\" style=\"\">Seatrade Maritime Logistics Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 May (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/ighc\/\" style=\"\">IATA Ground Handling Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18 May (Monday): UN-Turkey-Russia Black Sea grain agreement extension expires.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 May (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2023.fleetandmobilitysummit.com\/\" style=\"\">Fleet and Mobility Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ltlexpo.ly\/en\/#\" style=\"\">Translogistica Libya 2023<\/a><\/span><span style=\"font-weight:400;\">, Misurata, Libya.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">June: Suez Canal Economic Zone holds a roadshow in Delhi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/portscustomsweek.com\/\" style=\"\">Ports and Customs Week<\/a><\/span><span style=\"font-weight:400;\">, Cape Town, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 July (Saturday): A new greenfield liquid bulk terminal in Khalifa Port Abu Dhabi will kick off operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/levitate-conference-the-premier-event-for-the-drone-industry-announced-kvkgrtuc\" style=\"\">The Levitate Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, St. Regis Amman Hotel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 July (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.neventum.com\/tradeshows\/icsg-istanbul\" style=\"\">ICSG Istanbul<\/a><\/span><span style=\"font-weight:400;\">, Istanbul Lutfi Kirdar Convention & Exhibition Centre, Istanbul. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 September (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/transportevolution.com\/\" style=\"\">Transport Evolution Africa Forum and Expo<\/a><\/span><span style=\"font-weight:400;\">, Inkosi Albert Luthuli ICC Complex (Durban ICC), South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartermobility-africa.com\/sma-summit\/\" style=\"\">Smarter Mobility Africa Summit<\/a><\/span><span style=\"font-weight:400;\">, South Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2H2023: <\/span><span style=\"font-weight:400;\">Construction of Neom\u2019s first hydrogen fueling station will kick off.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-13 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/middleeast.breakbulk.com\/home\" style=\"\">Breakbulk Middle East conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-15 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.africanairexpo.com\/\" style=\"\">African Air Expo<\/a><\/span><span style=\"font-weight:400;\">, Cape Town. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Iraq will complete <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/iraq-to-finish-phase-1-of-faw-grand-port-in-2025-r1g2m8qk\" style=\"\">phase one<\/a><\/span><span style=\"font-weight:400;\"> of the construction of the Grand Faw Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":70284,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-70283","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"552218a8-9ba7-4143-bbf3-6bef9f47f2f6","teaser":"","photo_url":"https:\/\/ent.news\/2023\/3\/331.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T12:27:16+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/\",\"name\":\"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-04-19T00:00:00+00:00\",\"dateModified\":\"2025-12-15T12:27:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/","og_locale":"en_US","og_type":"article","og_title":"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce","og_url":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/","og_site_name":"Logistics","article_modified_time":"2025-12-15T12:27:16+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/","url":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/","name":"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1","datePublished":"2023-04-19T00:00:00+00:00","dateModified":"2025-12-15T12:27:16+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/331.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/issues\/agilitys-menzies-aviation-is-acquiring-a-majority-stake-in-portuguese-aviation-services-player-groundforce\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/logistics\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Agility\u2019s Menzies Aviation is acquiring a majority stake in Portuguese aviation services player Groundforce"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/70283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/70283\/revisions"}],"predecessor-version":[{"id":70317,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/70283\/revisions\/70317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/70284"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=70283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=70283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=70283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}