{"id":71060,"date":"2023-05-29T01:15:00","date_gmt":"2023-05-29T01:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=71060"},"modified":"2025-12-15T12:39:48","modified_gmt":"2025-12-15T12:39:48","slug":"another-suez-canal-rival-courtesy-of-iraq","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/another-suez-canal-rival-courtesy-of-iraq\/","title":{"rendered":"Another Suez Canal rival, courtesy of Iraq"},"content":{"rendered":"<section id=\"71062\" 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=\"71062\">\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\/05\/29\/today-iran-eyes-multinational-transport-fund-google-cloud-to-establish-data-centers-in-kuwait\/\">\r\n                            TODAY: Iran eyes multinational transport fund + Google Cloud to establish data centers in Kuwait                        <\/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\/05\/29\/today-iran-eyes-multinational-transport-fund-google-cloud-to-establish-data-centers-in-kuwait\/\" 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(); 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We have a packed<\/span><span style=\"font-weight:400;\"> issue for you this morning, with tons of updates from across the region. Let\u2019s dive in.<\/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 STORY- Iraq launched a USD 17 bn road development project<\/span><span style=\"\">, which<\/span><span style=\"font-weight:400;\"> will involve 1.2k km of railways and highways linking Asia to Europe.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt5\"><\/a> <\/span><span style=\"font-weight:700\">ICYMI-<\/span><span style=\"font-weight:700\">Suez Canal traffic back to normal after stranded ship towed: <\/span><span style=\"\">Three tugboats <\/span><span>towed a large vessel that had been stranded for several hours in the Suez Canal on Thursday, according to a Suez Canal Authority <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.suezcanal.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/sca_25-05-2023.aspx\" style=\"\">statement<\/a><\/span><span>. The ship suffered a technical malfunction at around 5:30am and was towed two-and-a-half hours later, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/ship-grounded-egypts-suez-canal-refloat-attempts-ongoing-leth-shipping-agencies-2023-05-25\/\" style=\"\">Reuters<\/a><\/span><span> reports. Canal traffic returned to normal by 11am. The ship was identified as Xin Hai Tong 23, a 190m bulk carrier sailing under the Hong Kong flag and operated by shipping agent <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/lethagencies.com\/\" style=\"\">Leth Agencies<\/a><\/span><span>. <\/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\">PSA- UAE calling on residents to register transport vehicles: <\/span><span style=\"\">The UAE\u2019s <\/span><span>Federal Authority for Identity, Citizenship, Customs, and Port Security is calling on UAE residents own trucks or other vehicles used to transport goods to register on the <\/span><span style=\"\">Electronic National System for Tracking Trucks and Shipments before 30 October, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303162236\" style=\"\">WAM<\/a><\/span><span> reports. The system helps Emirati authorities track<\/span><span style=\"font-weight:400;\"> the movement of trucks and shipments through electronic tracking devices that are installed on shipments and trucks at the country's ports. <\/span><\/p>\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\">Iran calls for multinational transport fund: <\/span><span style=\"\">Iranian officials are calling <\/span><span>for the establishment of a multinational fund for logistics companies in countries in the region to improve transit, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/05\/28\/2902835\/iran-proposes-setting-up-multinational-transport-fund-deputy-minister\" style=\"\">Tasnim News Agency<\/a><\/span><span style=\"font-weight:400;\">. In a regional ministerial meeting in Iraq, Iran\u2019s Deputy Roads and Urban Development Minister Shahriyar Afandizadeh said governments should promote trade and supply chain management through multinational agreements and aligned policies. The Iranian proposal also involves establishing a joint steering committee to manage and supervise the initiative. <\/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=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE #1-<\/span><span style=\"font-weight:700\">Google Cloud to establish data centers in Kuwait:<\/span><span style=\"\">Google <\/span><span>Cloud is set to establish three data centers in Kuwait to support the country\u2019s digital transformation<\/span><span>, Kuwait\u2019s Communication and Information Technology Regulatory Authority said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo?fbid=630164045811958&set=pcb.630164075811955\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. Google Cloud will also hold an annual cloud computing training program, the first year of which will involve training 1k government employees, 1k fresh graduates, and 1k women.<\/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\">Google Cloud is doubling down on the region: <\/span><span>The move follows Google\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/615af608-8951-424a-ab66-43962cbfc4ff\" style=\"\">launch<\/a><\/span><span> of its first Middle East cloud region in Qatar last week<\/span><span>. <\/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\">Saudi Public Investment Fund to invest in DigitalBridge:<\/span><span>The Saudi Public Investment Fund will invest in digital infrastructure investment firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.digitalbridge.com\/\" style=\"\">DigitalBridge<\/a><\/span><span> to develop data centers in Saudi Arabia and the GCC<\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.digitalbridge.com\/news\/2023-05-24-digitalbridge-announces-pif-as-an-investor-in-a-new-partnership-aiming-to-develop-data-centers-in-saudi-arabia-and-the-gcc-region\" style=\"\">press release<\/a><\/span><span style=\"font-weight:400;\">. The investment is meant to support the development of digital infrastructure in Saudi Arabia. <\/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 #3- UAE port terminal operator wants direct UAE-Pakistan <\/span><span style=\"font-weight:700\">shipping route:<\/span><span> UAE-based port terminal operator <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gulftainer.com\/\" style=\"\">Gulftainer<\/a><\/span><span> is planning to establish a direct shipping route between Khor Fakkan in the port of Sharjah and Karachi, Pakistan, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabnews.pk\/node\/2310896\/pakistan\" style=\"\">Arab News<\/a><\/span><span style=\"font-weight:400;\"> quotes CCO Andrew Hoad as saying. The port terminal operator is trying to \u201chook up with shipping line services that are looking to directly connect the UAE with Pakistan,\u201d Hoad said. He said the short steaming time \u2014 just 25-26 hours \u2014 between the two destinations and the quick clearance procedures makes this a rational alternative to going through the Strait of Hormuz. <\/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\">Roadshows to lure exporters: <\/span><span style=\"\">Gulftainer will hold roadshows in Pakistan to attract exporters.<\/span><span style=\"font-weight:400;\"> The operator will be \u201ctalking to the exporting community for various commodities and trying to sell to them the benefits of that fast transaction into the UAE through Khor Fakkan,\u201d Hoad said. <\/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\"> WATCH THIS SPACE#4- Pakistan looking to GCC for USD 500 mn for port projects:<\/span><span>Pakistan is reportedly negotiating a government-to-government agreement with the UAE to fund USD 500 mn worth of port projects, Pakistani news outlet <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thenews.com.pk\/print\/1074492-pakistan-seeks-500m-from-gulf-countries-for-port-projects\" style=\"\">The News International<\/a><\/span><span style=\"font-weight:400;\"> quoted Pakistani Maritime Affairs Minister Faisal Sabzwari as saying. Work on three projects is reportedly underway, including bulk terminals, Sabzwari said, adding that 1.2k acres of industrial parks are set to be built in Port Qasim, Pakistan.<\/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\">DATA POINT #1- DP World slashed 4% of its total emissions and 5% of its gross <\/span><span style=\"font-weight:700\">carbon emissions in 2022<\/span><span>, according to its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1513.pdf\" style=\"\">Environmental, Social, and Governance report (pdf)<\/a><\/span><span>. The company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-commits-to-co2-reduction-and-takes-on-the-green-shipping-challenge\/\" style=\"\">joined<\/a><\/span><span> the Green Shipping Challenge last year, pledging an investment of up to USD 500 mn to reduce CO2 emissions by around 700k tons within five years<\/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\">DATA POINT #2- Saudi Arabia\u2019s merchandise exports 2023 fell 25.3% y-o-y in March to SAR <\/span><span style=\"font-weight:700\">106.1 bn<\/span><span>, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/1507.pdf\" style=\"\">trade figures (pdf)<\/a><\/span><span> published by KSA\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.stats.gov.sa\/en\" style=\"\">General Authority for Statistics<\/a><\/span><span style=\"font-weight:400;\">. The drop was due to a decline in oil exports, which fell by SAR 30 bn, or 26.5% y-o-y. Merchandise exports in March rose 4.4% on a monthly basis to SAR 4.4 bn. <\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET WATCH-<\/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 Baltic Exchange\u2019s main sea freight index fell at its fastest rate in four months <\/span><span style=\"font-weight:700\">on Friday as shipping rates declined across the board<\/span><span>,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-logs-worst-week-in-4-months-as-rates-across-vessels-fall\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reports. The index fell 3.5%, while the overall index, which factors in rates for capesize, panamax, and supramax vessels hauling dry bulk, fell 15.3% on a weekly basis \u2014 its biggest tumble since 20 January. The capesize index \u2014 which is the index\u2019s largest component \u2014 was down 20%. Meanwhile, the panamax and supramax components of the index fell 8.4% and 12.3% for the week, according to 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\">Drewry\u2019s weekly World Container Index (WCI) is down 2% this week and 78% <\/span><span style=\"font-weight:700\">y-o-y<\/span><span>, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\">Drewry<\/a><\/span><span style=\"font-weight:400;\">. The composite index  value is 84% below its peak in September 2021, but remains 37% higher than the 10-year average, indicating a return to normalcy following the pandemic. The index is 19% above average pre-pandemic rates. <\/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\">LNG exports from the US in the first four months of 2023 saw the country <\/span><span style=\"font-weight:700\">become the biggest LNG exporter in the world<\/span><span>, pulling ahead of Australia and Qatar, according to ship brokerage reports and Refinitiv data cited by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/usa-lng-exports-gaining-more-market-share-in-2023\/\" style=\"\">Hellenic Shipping News<\/a><\/span><span>. The US exported 28.8 mn tons of LNG in the first four months of 2023, which was enough to put the country as the world\u2019s top exporter despite only representing a 2.5% increase from the same period last year. Seaborne LNG transfers started to surge in 2022 on the back of higher demand from Europe as the region sought to diversify away from Russian pipeline supplies. <\/span><span>LNG loadings in the first four months of 2023 continued to grow and were up 3.8% y-o-y at 140.3 mn tons, according to data cited by Hellenic Shipping News. <\/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\/data\/\">data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/suez-canal\/\">Suez Canal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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=\"71065\">\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\">Projects<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/iraq-is-linking-asia-and-europe-with-a-usd-17-bn-road-and-rail-project\/\">\r\n                            Iraq unveils ambitious USD 17 bn road and rail initiative to connect Asia and Europe                        <\/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 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<\/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\/05\/29\/iraq-is-linking-asia-and-europe-with-a-usd-17-bn-road-and-rail-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1521.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71066\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/iraq-is-linking-asia-and-europe-with-a-usd-17-bn-road-and-rail-project\/1521-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1521.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1521.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1521.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1521.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71065\" class=\"content-area-description single-story post-71065 post type-post status-publish format-standard has-post-thumbnail hentry category-projects tag-enterprise-logistics tag-iraq tag-projects tag-rail tag-roads 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\/5\/.8d36613f-950b-47db-9423-badd9e05cf5f.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=\"\">I<\/span><span style=\"font-weight:700\">raq has launched a USD 17 bn project to link Grand Faw Port in Iraq\u2019s<\/span><span style=\"font-weight:700\"> southern Basra province to Turkey in the north through rail and road infrastructure<\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/iraq-launches-17bn-road-rail-project-link-asia-europe-2023-05-27\/\" style=\"\">Reuters<\/a><\/span><span style=\"\"> reports<\/span><span style=\"\">. The project\u2019s launch was announced at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/portsofiraq\/posts\/pfbid0LkE7FVwioYA2uEnjb4MYgqdNhy31t4heemxe8aSrWWgCTMYH1n5TSfcSusqXVMzvl\" style=\"\">Development Road Conference<\/a><\/span><span style=\"\"> in Baghdad this weekend, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26712-pm-the-development-road-is-a-promising-opportunity-for-a-convergence-of-interests-history-and-cultures.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"font-weight:400;\">. By significantly reducing travel time between Asia and Europe, this project aims to compete with Egypt\u2019s Suez Canal and to revitalize the country's economy following years of war and crisis. <\/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=\"\">The project will involve <\/span><span>high-speed trains that can transport goods and passengers at speeds of up to 300 km per hour, while the road network is anticipated to facilitate the transportation of some 5-6 mn containers and mns of passengers annually, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-27\/iraq-offers-region-multi-billion-project-for-europe-asia-link\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> reports. This plan also includes establishing connections to local industrial hubs and incorporating an energy component that may involve oil and gas pipelines, according to 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 t<\/span><span style=\"font-weight:700\">imeline<\/span><span style=\"font-weight:700\">: <\/span><span>The project will be completed in three stages, with the first stage slated for completion in 2028, the second in 2038, and the third in 2050, according to <\/span><span>Bloomberg<\/span><span style=\"font-weight:400;\">. The project could after 2028 be expanded to become a \u201cnew window for exporting gas and crude oil from Iraq and neighboring countries to Turkey and Europe to meet future energy consumption requirements,\u201d government spokesperson Basim Al Awadi told reporters, according to the business information service.<\/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\">Iraq aims to secure financing from neighboring countries for the project<\/span><span>, which is expected to generate around USD 6 bn in annual revenue, Al Awadi said. Some USD 10.5 bn will be allocated towards the construction of 1.2k km of rail infrastructure and the procurement of new trains. The remaining USD 6.5 bn will be allocated for 1.2 km of highways, according to <\/span><span style=\"\">Bloomberg<\/span><span>. <\/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 Grand Faw port is crucial to the project: <\/span><span>The government plans to make the first phase of the port \u2014 which was planned over 10 years ago \u2014 operational by mid-2025, Iraqi Transport Minister Razzak Al Saadawi said at the presser announcing the project (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/fb.watch\/kPaSymnuwO\/\" style=\"\">watch, runtime: 00:52<\/a><\/span><span>). The <\/span><span>port<\/span><span> is currently halfway finished, Director General of the General Company for Ports of Iraq <\/span><span>Farhan al Fartousi said, according to 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 project represents a major shift from Iraq\u2019s current outdated transportation system: <\/span><span style=\"font-weight:400;\">Iraq\u2019s train service currently has only a few operational routes, including \u201cslow oil freight\u201d and one overnight passenger train that makes the 500 km journey from Baghdad to Basra in 10 to 12 hours, Reuters writes. <\/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\">What\u2019s next: <\/span><span style=\"\">\u201cIn the next stage, the GCC will study the mechanism of benefiting from this project,\u201d the Undersecretary of Qatar\u2019s Transport Ministry Hamad Issa said, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26712-pm-the-development-road-is-a-promising-opportunity-for-a-convergence-of-interests-history-and-cultures.html\" style=\"\">INA<\/a><\/span><span style=\"font-weight:400;\">reports. <\/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\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/roads\/\">roads<\/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=\"71067\" 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=\"71067\">\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\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/adnoc-ls-draws-historic-demand-in-ipo-raising-usd-769-mn\/\">\r\n                            Adnoc L&amp;S draws historic demand in IPO, raising USD 769 mn                        <\/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\/05\/29\/adnoc-ls-draws-historic-demand-in-ipo-raising-usd-769-mn\/\" 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(); 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The offering values the company at USD 4.05 bn (AED 14.9 bn). The company will debut its shares on the ADX on 1 June under the ticker ADNOCLS.<\/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\">Most in-demand IPO globally this year: <\/span><span style=\"\">The company drew orders worth USD 125 bn (AED 460 bn) from institutional investors in a number of countries, including from the UAE, and from retail investors including Adnoc employees and its retirees. The company also saw the highest-ever oversubscription rate for an IPO in the UAE, Adnoc Group CFO Adnoc Khaled Al Zaabi said. The retail tranche alone drew in some<\/span><span> USD 31 bn in demand, which indicates a 269x oversubscription level, the statement 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\">Refresher: <\/span><span style=\"\">The number of shares being sold was upped to 1.41 bn shares (a 19% stake) from 1.11 bn shares (a 15% stake) due to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5770cf40-7f7d-40da-9e9f-bfcc0a03e185\" style=\"\">strong investor demand<\/a><\/span><span style=\"font-weight:400;\"> across all tranches. <\/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\">Post-IPO ownership structure:<\/span><span style=\"font-weight:400;\"> Once the company\u2019s shares begin trading on the ADX, Adnoc will continue to own an 81% majority stake in Adnoc L&S. The 19% stake sold in the IPO will be split between shares traded on the ADX (76.6% of the IPO offering) and cornerstone investors \u2014 which include Al Seer Marine Supplies & Equipment, National Marine Dredging Company, Alpha Oryx, and Abu Dhabi Pension Fund (23.4% of the IPO offering). <\/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\">This IPO is the sixth company Adnoc has listed within five years<\/span><span style=\"\">, Al Zaabi notes. The company\u2019s landmark IPOs of Adnoc Distribution, Adnoc Drilling, Fertiglobe, Borouge, and Adnoc Gas have together raised more than USD 8 bn, state agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303162093\" style=\"\">Emirates News Agency<\/a><\/span><span style=\"font-weight:400;\"> (WAM) writes.  <\/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:700\">:<\/span><span style=\"\"> Moelis & Co has signed on as the independent financial advisor for the offering. Citigroup, First Abu Dhabi Bank, HSBC Bank Middle East, and JP Morgan Securities are acting as global coordinators and bookrunners, while Abu Dhabi Commercial Bank, Arqaam Capital, Cr\u00e9dit Agricole, EFG-Hermes UAE, International Securities and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale will also offer their services as bookrunners. Abu Dhabi Islamic Bank, and Al Maryah Community Bank have been appointed as receiving banks, while First Abu Dhabi Bank was chosen as lead receiving bank.<\/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\/ipo-watch\/\">IPO WATCH<\/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\/shipping\/\">shipping<\/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=\"71069\" 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=\"71069\">\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\">STORAGE + WAREHOUSES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/sarco-invests-usd-50-mn-in-new-logistics-center-in-khazaen\/\">\r\n                            SARCO invests USD 50 mn in new logistics center in Khazaen                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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  <\/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\/05\/29\/sarco-invests-usd-50-mn-in-new-logistics-center-in-khazaen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1508.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71070\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/sarco-invests-usd-50-mn-in-new-logistics-center-in-khazaen\/1508-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1508.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1508.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1508.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1508.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71069\" class=\"content-area-description single-story post-71069 post type-post status-publish format-standard has-post-thumbnail hentry category-storage-warehouses tag-enterprise-logistics tag-logistics tag-oman tag-storage-warehouses 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\/5\/.eadc05c5-2a13-4ffd-80c5-6b3f74730b97.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\">SARCO to set up USD 50 mn logistics center in Oman\u2019s Khazaen: <\/span><span style=\"\">Oman-based Al <\/span><span style=\"\">Seeb Technical (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sarcooman.com\/#\" style=\"\">SARCO<\/a><\/span><span style=\"\">) \u2014 a subsidiary of Al Mana Qatari Group \u2014 inked a USD 50 mn agreement to establish a new logistics center in Oman\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/khazaen.om\/\" style=\"\">Khazaen Economic City<\/a><\/span><span style=\"\">, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo.php?fbid=595399652684371&set=pcb.595399686017701&type=3&theater\" style=\"\">statement<\/a><\/span><span style=\"\">. The new 37k square meter center will provide storage and distribution services for SARCO, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/business\/transport-and-logistics\/qatari-group-inks-pact-to-set-up-50mln-logistics-centre-in-omans-khazaen-d32uoaxr\" style=\"\">Zawya<\/a><\/span><span style=\"font-weight:400;\">reports. <\/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 SARCO: <\/span><span style=\"\">Al Seeb Technical \u2014 a subsidiary of Al Mana Qatari Group \u2014 provides services including trading, contracting and turnkey ventures, according to its website. <\/span><span style=\"font-weight:400;\">It is also the official distributor of companies such as Samsung, Casio, Citizen, Haier, Acer, Candy and BenQ.<\/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 Khazaen: <\/span><span>Khazaen Economic City serves as an integrated logistics and industrial hub and is situated in Barka on the Muskat-Batinah expressway. <\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/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=\"71071\" 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=\"71071\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/\">\r\n                            US-based eVTOL outfit Odys will set up assembly plant in Abu Dhabi                        <\/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\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/\" 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\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/')\">\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\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/\">\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=US-based eVTOL outfit Odys will set up assembly plant in Abu Dhabi&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/\">\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\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/&title=US-based eVTOL outfit Odys will set up assembly plant in Abu Dhabi\">\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=US-based+eVTOL+outfit+Odys+will+set+up+assembly+plant+in+Abu+Dhabi+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F29%2Fus-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi%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\/05\/29\/us-based-evtol-outfit-odys-will-set-up-assembly-plant-in-abu-dhabi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71071\" class=\"content-area-description single-story post-71071 post type-post status-publish format-standard hentry category-aviation tag-aviation tag-enterprise-logistics tag-evtol 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\/5\/.568dac2f-4cc6-4017-a5f3-342052d62b08.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\">Odys Aviation to set up assembly plant in Abu Dhabi: <\/span><span style=\"\">US-based hybrid-electric <\/span><span style=\"\">VTOL aircraft manufacturer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.odysaviation.com\/\" style=\"\">Odys Aviation<\/a><\/span><span style=\"\"> will set up its headquarters, along with a <\/span><span>high-volume assembly and maintenance plant, in Abu Dhabi,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303162586\" style=\"\">WAM<\/a><\/span><span style=\"font-weight:400;\"> reports. This comes as part of its participation in the UAE\u2019s Economy Ministry\u2019s NextGen FDI program, which helps businesses launch and scale their operations in the UAE.   <\/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;\"> Odys\u2019 aircraft \u2014 which are designed for passenger, cargo, and emergency services \u2014 will be able to deliver all-electric propulsion for 320 km and hybrid-electric propulsion for upwards of 1.2k km, WAM reports. The company plans to export an undisclosed number of aircraft, which will be the first aircraft assembled in the UAE, it adds. The move is expected to create upwards of 2k direct and indirect jobs.<\/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 timeline:<\/span><span style=\"font-weight:400;\"> Odys\u2019 current timeline sees a full-scale prototype being available for testing in 2025 and a final product going into service in 2027.<\/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 boon for decarbonization efforts: <\/span><span style=\"font-weight:400;\">The introduction of Odys\u2019 aircraft to the UAE and GCC could help reduce carbon emissions from air travel within the GCC by as much as 76%, WAM writes. <\/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\">\u2026 and for regional connectivity<\/span><span style=\"font-weight:700\">: <\/span><span style=\"\">\u201cOur aircraft will also mean brand new opportunities for domestic air connectivity in the UAE and regional flying between key GCC cities, cutting door-to-door times in half compared to conventional travel options today, and doing so in a carbon friendly way,\u201d commented Co-Founder and CEO at Odys Aviation James Dorris.<\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/evtol\/\">eVTOL<\/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=\"71073\" 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=\"71073\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/ksa-canada-restore-diplomatic-ties-ksa-iraq-mull-special-economic-zone\/\">\r\n                            KSA + Canada restore diplomatic ties + KSA, Iraq mull special economic zone                        <\/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\/05\/29\/ksa-canada-restore-diplomatic-ties-ksa-iraq-mull-special-economic-zone\/\" 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\/05\/29\/ksa-canada-restore-diplomatic-ties-ksa-iraq-mull-special-economic-zone\/')\">\n    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-->\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\/05\/29\/ksa-canada-restore-diplomatic-ties-ksa-iraq-mull-special-economic-zone\/&title=KSA + Canada restore diplomatic ties + KSA, Iraq mull special economic zone\">\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=KSA+%2B+Canada+restore+diplomatic+ties+%2B+KSA%2C+Iraq+mull+special+economic+zone+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F29%2Fksa-canada-restore-diplomatic-ties-ksa-iraq-mull-special-economic-zone%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\/05\/29\/ksa-canada-restore-diplomatic-ties-ksa-iraq-mull-special-economic-zone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71073\" class=\"content-area-description single-story post-71073 post type-post status-publish format-standard hentry category-diplomacy tag-diplomacy tag-enterprise-logistics tag-freezone tag-saudi-arabia tag-trade 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\/5\/.da27cec4-8f54-4359-89e0-69447f8c3ac5.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\">Saudi Arabia + Canada restore diplomatic ties: <\/span><span style=\"\">Saudi Arabia\u2019s Foreign Affairs <\/span><span style=\"\">Ministry plans to restore diplomatic relations with Canada for the first time since 2018, according to a Saudi government<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mofa.gov.sa\/ar\/ministry\/statements\/Pages\/%D8%AA%D8%B9%D9%84%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9-%D8%A3%D9%86%D9%87-%D9%81%D9%8A-%D8%B6%D9%88%D8%A1-%D9%85%D8%A7-%D8%AA%D9%85-%D8%A8%D8%AD%D8%AB%D9%87-%D8%A8%D9%8A%D9%86-%D8%B3%D9%85%D9%88-%D9%88%D9%84%D9%8A-%D8%A7%D9%84%D8%B9%D9%87%D8%AF-%D9%88%D8%B1%D8%A6%D9%8A%D8%B3-%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%83%D9%86%D8%AF%D8%A7-%D8%AC%D8%A7%D8%B3%D8%AA%D9%86-%D8%AA%D8%B1%D9%88%D8%AF%D9%88..-%D9%81%D9%82%D8%AF-%D8%AA%D9%82%D8%B1%D8%B1-%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D9%85%D8%B3%D8%AA%D9%88%D9%89-%D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82%D8%A7%D8%AA-%D8%A7%D9%84.aspx\" style=\"\">statement<\/a><\/span><span style=\"\">.<\/span><span style=\"\">This would <\/span><span>end a five-year rift with Canada, which began when it accused Riyadh of human rights violations over jailed activists, damaging relations \u2014 including trade \u2014 between both countries. <\/span><span style=\"font-weight:400;\">The decision followed discussions held between Crown Prince Mohammed bin Salman and Canadian Prime Minister Justin Trudeau at the APEC Summit in Bangkok last November. <\/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=\"\"> <\/span><span style=\"font-weight:700\">Saudi Arabia + Iraq discuss establishing special economic zone:<\/span><span style=\"\"> Iraqi and Saudi <\/span><span style=\"\">officials said they intend to work on establishing a special economic zone on the border between the two countries, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/una-oic.org\/en\/all\/2023\/05\/25\/%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D8%B3%D9%8A%D9%82-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%A4%D9%83%D8%AF-%D8%AA%D9%88%D8%B7%D9%8A%D8%AF-%D8%A3\/\" style=\"\">Union of OIC News Agencies<\/a><\/span><span style=\"font-weight:400;\"> reports. The officials, who spoke at a meeting of the Saudi-Iraqi Coordination Council, also agreed to strengthen their trade, security, political, cultural, educational, tourism, and energy cooperation.<\/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 from the Saudi-Iraqi Coordination Council: <\/span><span style=\"\">Saudi Arabia will double the number of flights it has with Iraq by the end of the <\/span><span>year, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26723-ksa-at-the-end-of-this-year-flights-with-iraq-will-be-doubled.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"font-weight:400;\"> reported, citing statements by KSA Transport Minister Saleh Al-Jasser. <\/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=\"font-weight:700\">Qatar and Oman look to boost trade:<\/span><span style=\"\"> Qatar FreeZones (QFZ) <\/span><span>Authority Chairman Ahmad Al-Sayed and an Omani Commerce Ministry official discussed enhancing trade and investment during Mssen\u2019s visit to QFZ. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/QatarFreeZones\/posts\/pfbid02EQJ6onRYBGeoo4UJ7UkdcSWLA2xqsmhecur1jrHUjGoWTN4u3kcn54Q6T1k2TfdDl\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Qatar\u2019s Minister of Commerce and Industry<\/span><span style=\"\"> Mohammed bin <\/span><span>Qassim Al Thani met with<\/span><span style=\"font-weight:700\"> KSA\u2019s Economy and Planning Minister<\/span><span> Faisal bin Fadel Al Ibrahim to discuss enhancing <\/span><span style=\"font-weight:700\">bilateral cooperation in trade, investment, and industry<\/span><span>. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.moci.gov.qa\/en\/mec_news\/h-e-minister-of-commerce-and-industry-meets-with-several-ministers\/\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Saudi Arabia\u2019s<\/span><span style=\"font-weight:700\">Transport and Logistics Deputy Minister<\/span><span style=\"\"> Rumaih Al-Rumaih <\/span><span>inked an agreement with <\/span><span style=\"font-weight:700\">Chilean Transport and Telecommunications Minister<\/span><span> Juan Carlos Mu\u00f1oz to <\/span><span>enhance <\/span><span>cooperation in <\/span><span style=\"font-weight:700\">air transport<\/span><span>. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/sauditransport\/posts\/pfbid04Mt25tEv8gFGuwgpFg1uecZVeZSnRY8fg2JPg1chBEk8dNZ7N3uhd1G3kL4HSK3nl\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"\">Governor of <\/span><span style=\"font-weight:700\">China\u2019s<\/span><span style=\"\"> Yunnan province <\/span><span style=\"font-weight:700\">Wang Yubo <\/span><span style=\"\">and<\/span><span style=\"font-weight:700\">Oman\u2019s<\/span><span style=\"\"> Commerce, Industry, and Investment Minister Qais <\/span><span style=\"font-weight:700\">Mohammed Al Yousef<\/span><span style=\"\"> discussed boosting <\/span><span style=\"font-weight:700\">trade<\/span><span style=\"\"> and <\/span><span style=\"\">cooperation <\/span><span style=\"\">in business, industry and investments in Oman\u2019s freezones<\/span><span style=\"\">, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/418218\" style=\"\">Oman News Agency<\/a><\/span><span style=\"\"> reports<\/span><span style=\"font-weight:400;\">.<\/span><\/li>\n<li><span style=\"font-weight:700\">Iran<\/span><span style=\"\"> and <\/span><span style=\"font-weight:700\">Uzbekistan<\/span><span style=\"\"> are looking to <\/span><span style=\"font-weight:700\">remove trade barriers <\/span><span style=\"\">through <\/span><span style=\"\">a <\/span><span style=\"font-weight:700\">Preferential Trade Agreement<\/span><span style=\"\">. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/05\/27\/2902056\/iran-uzbekistan-stress-bolstering-trade-economic-ties\" style=\"\">Tasnim News Agency<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">Saudi Deputy Transport Minister <\/span><span style=\"\">Rumaih Al-Rumaih and <\/span><span style=\"font-weight:700\">Spanish<\/span><span style=\"font-weight:700\">Transport <\/span><span style=\"font-weight:700\">Minister <\/span><span style=\"\">discussed <\/span><span style=\"font-weight:700\">boosting cooperation<\/span><span style=\"\"> between the two nations. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/sauditransport\/posts\/pfbid02HwPn26jbB67WUH75DNdvk8NLhnVRSWmbAzhAxeNPidMZfsGRTL4euBokxBBtbbFel\" style=\"\">Ministry statement<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/freezone\/\">freezone<\/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\/trade\/\">trade<\/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=\"71075\" 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=\"71075\">\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\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/\">\r\n                            China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub                        <\/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\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/\" 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\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/')\">\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\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/\">\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=China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/\">\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\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/&title=China is not off the global trade map just yet. PLUS: E-commerce giants are scaling back their logistics plans + UAE becomes gold trade hub\">\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=China+is+not+off+the+global+trade+map+just+yet.+PLUS%3A+E-commerce+giants+are+scaling+back+their+logistics+plans+%2B+UAE+becomes+gold+trade+hub+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F05%2F29%2Fchina-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub%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\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1527.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71076\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/china-is-not-off-the-global-trade-map-just-yet-plus-e-commerce-giants-are-scaling-back-their-logistics-plans-uae-becomes-gold-trade-hub\/1527-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1527.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1527.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1527.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1527.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71075\" class=\"content-area-description single-story post-71075 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-china tag-e-commerce tag-enterprise-logistics tag-exports tag-logistics tag-logistics-in-the-news tag-trade tag-uae 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\/5\/.1407ac35-73f2-4058-9aff-527959ddb361.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\">Companies continue to rely on China despite its strained ties with the US: <\/span><span style=\"\">C<\/span><span style=\"\">ompanies like Chicago-based first aid kit producer Acme United say decoupling from China is no easy task given the country\u2019s position as the world\u2019s top exporter, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2023-05-25\/supply-chain-latest-adapting-to-global-economic-turbulence\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">reports. The company recently invested in a Chinese-made printing press at less than half the cost of a similar machine from the US or Europe. This new machine will quadruple their capacity to produce alcohol wipes. While the company is exploring the potential for production in the Indo-Pacific region and East Africa, China's dominance in steel production makes it impractical for the scissor producer to decouple from the country entirely. <\/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\">Others echo the same sentiment:<\/span><span style=\"font-weight:400;\"> Policymakers at the Qatar Economic Forum have also acknowledged varying levels of closeness with China given its significance as an exporting powerhouse. The UK's secretary of state for business and trade emphasized the pragmatic nature of their relationship, while the Saudi investment minister highlighted his country\u2019s deep-rooted trade ties with China.<\/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=\"font-weight:700\">The UAE has emerged as a gold trade hub<\/span><span style=\"\">, as Russian gold shipments divert from traditional export routes on the back of the war. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/russian-gold-shipments-uae-china-turkey-2023-05-25\/\" style=\"\">Reuters<\/a><\/span><span style=\"\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Several companies \u2014 including <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.ae.com\/us\/en\" style=\"\">American Eagle<\/a><\/span><span style=\"font-weight:700\">, <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.blueapron.com\/\" style=\"\">Blue Apron<\/a><\/span><span style=\"font-weight:700\"> and <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.shopify.com\/free-trial?term=shopify&adid=565944149490&campaignid=15436644160&branded_enterprise=1&BOID=brand&gclid=Cj0KCQjw98ujBhCgARIsAD7QeAj-XeuNV99cHPBGDrNBIKun93cMcs11JcUisHNN0qGfmzkfOrv7f4AaAuBEEALw_wcB&cmadid=516752332;cmadvertiserid=10730501;cmcampaignid=26990768;cmplacementid=324494362;cmcreativeid=163722649;cmsiteid=5500011\" style=\"\">Shopify<\/a><\/span><span style=\"font-weight:700\">\u2014 are going back on earlier plans to scale e-commerce fulfillment services<\/span><span style=\"\"> as online shopping sees demand fall from pandemic highs. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wsj.com\/articles\/companies-find-ambitious-logistics-strategies-havent-delivered-9b5c0dd3\" style=\"\">Wall Street Journal<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/exports\/\">exports<\/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\/logistics-in-the-news\/\">LOGISTICS IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/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=\"71077\" 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=\"71077\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/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\/05\/29\/msc-adds-king-abdulaziz-port-to-india-south-africa-service-plus-news-from-qatar-airways-cargo-aramex-etihad-cargo-etihad-rail-menzies-and-deliveroo\/\">\r\n                            MSC adds King Abdulaziz Port to India-South Africa service. PLUS: News from Qatar Airways Cargo, Aramex, Etihad Cargo, Etihad Rail, Menzies and Deliveroo                        <\/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\/05\/29\/msc-adds-king-abdulaziz-port-to-india-south-africa-service-plus-news-from-qatar-airways-cargo-aramex-etihad-cargo-etihad-rail-menzies-and-deliveroo\/\" 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\/05\/29\/msc-adds-king-abdulaziz-port-to-india-south-africa-service-plus-news-from-qatar-airways-cargo-aramex-etihad-cargo-etihad-rail-menzies-and-deliveroo\/')\">\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\/05\/29\/msc-adds-king-abdulaziz-port-to-india-south-africa-service-plus-news-from-qatar-airways-cargo-aramex-etihad-cargo-etihad-rail-menzies-and-deliveroo\/\">\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=MSC adds King Abdulaziz Port to India-South Africa service. PLUS: News from Qatar Airways Cargo, Aramex, Etihad Cargo, Etihad Rail, Menzies and Deliveroo&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/msc-adds-king-abdulaziz-port-to-india-south-africa-service-plus-news-from-qatar-airways-cargo-aramex-etihad-cargo-etihad-rail-menzies-and-deliveroo\/\">\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\/05\/29\/msc-adds-king-abdulaziz-port-to-india-south-africa-service-plus-news-from-qatar-airways-cargo-aramex-etihad-cargo-etihad-rail-menzies-and-deliveroo\/&title=MSC adds King Abdulaziz Port to India-South Africa service. 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Dammam will be linked to major terminals including <\/span><span style=\"\">Mundra, Hazira, Nhava Sheva, Colombo, Port Louis, Durban, Khalifa, Jebel Ali, and Khalifa bin Salman. The shipping route \u2014 which <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dammam-added-to-mscs-india-to-south-africa-service-rx7d8wny\" style=\"\">began operating<\/a><\/span><span style=\"\"> in early May \u2014 <\/span><span style=\"font-weight:400;\">operates five vessels with an average holding capacity of 6k TEUs.<\/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;\">PORTS-<\/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 region\u2019s first port fully powered by renewables?<\/span><span style=\"\"> APM Terminals Bahrain, the <\/span><span>operator of the Khalifa Bin Salman Port, plans to launch a USD 10 mn solar power plant to help the port reach energy self-sufficiency by the end of the year, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/45Cq4qO\" style=\"\">Al Watan<\/a><\/span><span> reports<\/span><span>. The port\u2019s operator will install 20k solar panels capable of generating 18.5 GW of electricity annually to power various operations at the port, including container handling, cargo transport by cranes, and lighting. The project will help slash the port\u2019s carbon emissions by 65% while securing a <\/span><span style=\"font-weight:400;\">reliable and sustainable source of energy. This will be the region\u2019s first seaport to fully rely on renewable energy, the news outlet notes.<\/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\">All part of a decarbonization push by APM Terminals:<\/span><span style=\"\"> The project is part of plans by APM <\/span><span style=\"font-weight:400;\">Terminals to slash total emissions by 70% by 2030 and reach zero-carbon emissions by 2040. The project in Bahrain is among its main decarbonization efforts, the operator was quoted as saying. <\/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;\">AVIATION-<\/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 Airways Cargo + Envirotainer partner to transport temperature-sensitive <\/span><span style=\"font-weight:700\">pharma products: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qrcargo.com\/s\/\" style=\"\">Qatar Airways Cargo<\/a><\/span><span> and cold chain pharma transport company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.envirotainer.com\/\" style=\"\">Envirotainer<\/a><\/span><span> have partnered to transport temperature-sensitive pharma products, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qrcargo.com\/s\/company\/press-releases\/a0z4K000004SnLTQA0\/qatar-airways-cargo-and-envirotainer\" style=\"\">press release<\/a><\/span><span style=\"font-weight:400;\">. The companies will transport pharma products by using Envirotainer\u2019s Releye and RLP solutions, which will ensure precise temperature control throughout the entire transport process. <\/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=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.etihadcargo.com\/en\" style=\"\">Etihad Cargo<\/a><\/span><span style=\"\"> has been recognized by <\/span><span style=\"font-weight:700\">Freightweek\u2019s Sustainability Awards <\/span><span>as the <\/span><span style=\"font-weight:700\">Middle East\u2019s sustainable cargo airline of the year<\/span><span> for developing and launching <\/span><span style=\"font-weight:700\">sustainable solutions <\/span><span>for customers and partners. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/etihad-cargo_etihadcargo-aircargo-airfreight-activity-7067061689833144320-xRkD\/?utm_source=share&utm_medium=member_desktop\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.qatarairways.com\/en\/homepage.html\" style=\"\">Qatar Airways<\/a><\/span><span style=\"\"> and <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.gulfair.com\/\" style=\"\">Gulf Air<\/a><\/span><span style=\"\">will <\/span><span style=\"font-weight:700\">resume direct flights<\/span><span style=\"\"> between Doha and <\/span><span>Bahrain on <\/span><span style=\"font-weight:700\">25 May <\/span><span>after a six-year hiatus. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarairways.com\/tradeportal\/en\/news-updates\/2023\/DailyflighttoBahrain.html#\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.etihadrail.ae\/\" style=\"\">Etihad Rail<\/a><\/span><span style=\"\"> has inked an <\/span><span style=\"font-weight:700\">MoU<\/span><span style=\"\"> with<\/span><span style=\"font-weight:700\"> UAE\u2019s Interior Ministry<\/span><span style=\"\"> to <\/span><span style=\"font-weight:700\">enhance <\/span><span style=\"font-weight:700\">security<\/span><span> and <\/span><span style=\"font-weight:700\">safety measures.<\/span><span> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Etihad_Rail\/status\/1661993872912797697?cxt=HHwWgsC-3eWny5AuAAAA\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"\">(<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.aramex.com\/us\/en\" style=\"\">Aramex<\/a><\/span><span style=\"\">has<\/span><span style=\"\">launched<\/span><span style=\"font-weight:700\"> Aramex Medical Express (AMX) <\/span><span style=\"\">to<\/span><span style=\"font-weight:700\"> transport specimens <\/span><span style=\"\">on <\/span><span>express routes for laboratories, clinics and hospitals. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/aramex_aramexmedicalexpress-aramexhealthcare-activity-7067059413915770880-8UWA\/?utm_source=share&utm_medium=member_desktop\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"\">Agility subsidiary <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/menziesaviation.com\/\" style=\"\">Menzies Aviation<\/a><\/span><span style=\"\"> has entered into a <\/span><span style=\"font-weight:700\">joint venture<\/span><span style=\"\"> with <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.myairline.my\/home\" style=\"\">MYAirline<\/a><\/span><span> to establish a <\/span><span style=\"font-weight:700\">ground services company<\/span><span> in <\/span><span style=\"font-weight:700\">Kuala Lumpur International Airport<\/span><span> (KUL). (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-and-myairline-form-joint-venture-in-malaysia\/\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"\">Food delivery giant <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/deliveroo.co.uk\/\" style=\"\">Deliveroo<\/a><\/span><span style=\"\"> is <\/span><span style=\"font-weight:700\">expanding<\/span><span>across <\/span><span style=\"font-weight:700\">Qatar<\/span><span>, to the cities of Lusail, Old Airport, Nuaimi, Maamoura, Al Rayyan, and Umm Salal. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dohanews.co\/deliveroo-expands-its-reach-to-new-locations-in-qatar\/\" style=\"\">Doha News<\/a><\/span><span>) <\/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\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/e-commerce\/\">e-commerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/msc\/\">MSC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/port\/\">port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping\/\">shipping<\/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=\"71079\" 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=\"71079\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/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\/05\/29\/us-led-indo-pacific-trade-talks-end-with-agreement-to-boost-supply-chain-resilience-plus-new-terminal-in-malaysia-iran-on-de-dollarization-france-ends-short-haul-flights\/\">\r\n                            US-led Indo-Pacific trade talks end with agreement to boost supply chain resilience. PLUS: New terminal in Malaysia, Iran on de-dollarization, France ends short-haul flights                        <\/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\/05\/29\/us-led-indo-pacific-trade-talks-end-with-agreement-to-boost-supply-chain-resilience-plus-new-terminal-in-malaysia-iran-on-de-dollarization-france-ends-short-haul-flights\/\" 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\/05\/29\/us-led-indo-pacific-trade-talks-end-with-agreement-to-boost-supply-chain-resilience-plus-new-terminal-in-malaysia-iran-on-de-dollarization-france-ends-short-haul-flights\/')\">\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\/05\/29\/us-led-indo-pacific-trade-talks-end-with-agreement-to-boost-supply-chain-resilience-plus-new-terminal-in-malaysia-iran-on-de-dollarization-france-ends-short-haul-flights\/\">\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=US-led Indo-Pacific trade talks end with agreement to boost supply chain resilience. PLUS: New terminal in Malaysia, Iran on de-dollarization, France ends short-haul flights&url=https:\/\/enterpriseam.com\/logistics\/2023\/05\/29\/us-led-indo-pacific-trade-talks-end-with-agreement-to-boost-supply-chain-resilience-plus-new-terminal-in-malaysia-iran-on-de-dollarization-france-ends-short-haul-flights\/\">\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\/05\/29\/us-led-indo-pacific-trade-talks-end-with-agreement-to-boost-supply-chain-resilience-plus-new-terminal-in-malaysia-iran-on-de-dollarization-france-ends-short-haul-flights\/&title=US-led Indo-Pacific trade talks end with agreement to boost supply chain resilience. 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The US initiative comes as a response to China\u2019s growing influence as well as to compensate for withdrawing from previous efforts to set regional trade regulations. The IPEF supply chain agreement includes a \u201cresponse network\u201d to provide emergency communications on supply chains and the creation of a labor rights advisory board, US Commerce Secretary Gina Raimondo told Bloomberg. <\/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=\"font-weight:700\">Malaysia <\/span><span style=\"\">is pushing forward with a<\/span><span style=\"font-weight:700\"> fourth terminal <\/span><span style=\"\">at <\/span><span style=\"font-weight:700\">Port Klang on Carey <\/span><span style=\"font-weight:700\">Island <\/span><span>comprising both container and conventional berths capable of handling 30 mn TEU and 20 mn tons of conventional cargo. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrade-maritime.com\/ports\/malaysia-moving-ahead-game-changer-carey-island-mega-port\" style=\"\">Seatrade Maritime News<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Iran is calling for Asian Clearing Union member states to move away from <\/span><span style=\"font-weight:700\">using the greenback <\/span><span>in <\/span><span>global trade. <\/span><span>(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/05\/28\/2902642\/iran-calls-for-acu-members-to-drop-dollar-from-bilateral-trade\" style=\"\">Tasnim News Agency<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">France<\/span><span style=\"\"> has banned <\/span><span style=\"font-weight:700\">short-haul flights <\/span><span>\u2014 public internal flights between French destinations \u2014<\/span><span style=\"\"> to <\/span><span style=\"font-weight:700\">reduce<\/span><span style=\"\"> its <\/span><span style=\"font-weight:700\">environmental <\/span><span style=\"font-weight:700\">footprint. <\/span><span>(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.legifrance.gouv.fr\/jorf\/id\/JORFTEXT000047571222\" style=\"\">Statement<\/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\/around-the-world\/\">AROUND THE WORLD<\/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\/port\/\">port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chain\/\">supply chain<\/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=\"71081\" 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\/05\/29\/71081\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71081\" class=\"content-area-description single-story post-71081 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;\">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 hand over 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>May: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f534b97d-e913-458e-bfd0-7af5813d916a\" style=\"\">Arab<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f534b97d-e913-458e-bfd0-7af5813d916a\" style=\"\">Academy for Science, Technology and Maritime Transport (AAST)<\/a><\/span><span style=\"font-weight:400;\"> will roll out its first locally-made electric cargo transport vehicle.<\/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>29-31 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/about\" style=\"\">Electric Vehicle Innovation Summit 2023<\/a><\/span><span style=\"font-weight:400;\"> Adnec, 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: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>1 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnoc.ae\/en\/adnocls-ipo\" style=\"\">Adnoc L&S<\/a><\/span><span>\u2019 shares will debut on the ADX.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2023\/\" style=\"\">IATA Annual General Meeting and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Hilton Bomonti Hotel, Istanbul, Turkey.<\/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>8 June (Thursday): <\/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>12-15 June (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudipp.com\/\" style=\"\">Saudi Plastics & Petrochem<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, KSA.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mt-its2023.eurecom.fr\/\" style=\"\">International Conference on Models and Technologies for Intelligent Transportation Systems<\/a><\/span><span style=\"font-weight:400;\">, Nice, France. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-23 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/trb.secure-platform.com\/a\/page\/marinetransport\" style=\"\">Conference on the Marine Transportation System Innovative Science and Technologies Toward Greater Sustainability<\/a><\/span><span style=\"font-weight:400;\">, Washington, DC, US.<\/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>1 July (Saturday): New UAE Federal Tax Authority VAT Ecommerce rules <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/federal-tax-authority-organises-an-awareness-session-on-the-amendments-to-emirates-reporting-for-electronic-commerce-supplies-lmqlxsv0\" style=\"\">take effect<\/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>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>5 September (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LeadersinLogisticsKSASummit?lang=en#\/?lang=en\" style=\"\">The Leaders in Logistics KSA Summit<\/a><\/span><span style=\"font-weight:400;\">, Riyadh. <\/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\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartmaritimenetwork.com\/dubai-conference-2022\/\" style=\"\">Smart Maritime Network Dubai Conference<\/a><\/span><span style=\"font-weight:400;\">, Conrad Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 November (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/sclsaudi.com\/\" style=\"\">Supply Chain & Logistics Arabia<\/a><\/span><span style=\"font-weight:400;\">, Narcissus, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LeadersinLogisticsSummit?lang=en#\/?lang=en\" style=\"\">Leaders in Logistics UAE 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>21-23 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/intermobility-expo\/\" style=\"\">Intermobility Expo 2023<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai, UAE.<\/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>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:400;\">2H2023: Expansion of Baghdad International Airport to begin.<\/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 style=\"font-weight:700\">FEBRUARY 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>28 February-1 March (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.menatransport.org\/website\/3387\/\" style=\"\">MENA Transport Congress and Exhibition 2024<\/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 style=\"font-weight:700\">MARCH 2024<\/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;\">12-14 March (Tuesday- Thursday): IATA World Cargo Symposium, Hong Kong International Airport.<\/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 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 May (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/genevadry.com\/\" style=\"\">Geneva Dry<\/a><\/span><span style=\"font-weight:400;\">, Geneva, Switzerland, Hotel President Wilson.<\/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":71061,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-71060","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ff52a464-ac8b-439c-a401-9fafd0f3bc97","teaser":"","photo_url":"https:\/\/ent.news\/2023\/3\/687.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>Another Suez Canal rival, courtesy of Iraq - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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