{"id":71389,"date":"2023-06-12T01:16:00","date_gmt":"2023-06-12T01:16:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=71389"},"modified":"2025-12-15T12:45:10","modified_gmt":"2025-12-15T12:45:10","slug":"iraqs-development-road-project-is-getting-traction","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/iraqs-development-road-project-is-getting-traction\/","title":{"rendered":"Iraq\u2019s Development Road Project is getting traction"},"content":{"rendered":"<section id=\"71391\" 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=\"71391\">\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\/06\/12\/today-us-west-coast-port-disruptions-are-raising-alarm-the-enterprise-finance-forum-is-happening-in-september\/\">\r\n                            TODAY: US West Coast port disruptions are raising alarm + the Enterprise Finance Forum is happening in September                        <\/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\/06\/12\/today-us-west-coast-port-disruptions-are-raising-alarm-the-enterprise-finance-forum-is-happening-in-september\/\" 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 issue for<\/span><span style=\"font-weight:400;\"> you this morning, particularly on the rail front. But before you 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:400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/9.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span> <a id=\"wwtt1\"><\/a> <\/span><span style=\"font-weight:700\">The Enterprise Finance Forum is our flagship gathering \u2014 the one so many of you have <\/span><span style=\"font-weight:700\">been waiting for. The two-day event takes place this <\/span><span style=\"font-weight:700\">September<\/span><span style=\"\">.<\/span><span style=\"font-weight:400;\"> Stay tuned for more information on the location. <\/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 flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings<\/span><span style=\"font-weight:400;\"> that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/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\">Day one is our Banking Forum<\/span><span style=\"font-weight:400;\">, where we\u2019ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry. <\/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\">Day two is all about Fintech and Non-Banking Financial Services. <\/span><span style=\"font-weight:400;\">We\u2019ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WHY ATTEND? <\/span><span style=\"font-weight:400;\">Our guests consistently tell us they attend for two reasons: (1) meaningful discussion of the issues that shape the future of their businesses and (2) an unparalleled chance to network with other senior members of the community.<\/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\">** NEW: MORE NETWORKING TIME- <\/span><span style=\"font-weight:400;\">Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.<\/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\">WHO SHOULD ATTEND?<\/span><span style=\"font-weight:400;\"> Everyone who plays a role in our industry, from commercial and investment bankers to asset managers, fintech founders, NBFS leaders, and professional services providers of all stripes. Attendees at our events are C-suite officers, business owners, and their direct reports; we also make an allocation for folks we think could be tomorrow\u2019s founders and c-suite executives.<\/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\">TAP OR CLICK <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">HERE<\/a><\/span><span style=\"font-weight:700\"> if you want to express interest in attending. <\/span><span style=\"font-weight:400;\">We\u2019ll be sending out the first batch of invitations just after the 30 June holiday. <\/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\">Do you want to become a commercial partner? <\/span><span style=\"font-weight:400;\">Email mtaalab@enterpriseadvisory.com.<\/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\">STAY TUNED for more detail <\/span><span style=\"font-weight:400;\">about our exciting agenda in the weeks to come.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">THE BIG LOGISTICS STORY- Iraq\u2019s USD 17 bn Development Road Project<\/span><span style=\"\"> is getting<\/span><span style=\"font-weight:400;\"> international investment interest, with signals that Lebanon and Hungary are looking at participating in the project. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">THE BIG LOGISTICS STORY ABROAD- Low water levels at Panama Canal and <\/span><span style=\"font-weight:700\">protracted labor disputes at West Coast ports are threatening to derail normal peak season <\/span><span>performance at US ports, according to analysis by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.freightwaves.com\/news\/port-labor-canal-woes-could-complicate-normal-peak-season\" style=\"\">Freight Waves<\/a><\/span><span> cited by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/us\/business-group-urges-biden-intervene-west-coast-ports-labor-dispute-2023-06-09\/\" style=\"\">Reuters<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/06\/09\/5-billion-in-cargo-stuck-off-west-coast-ports-in-truck-container-jam.html\" style=\"\">CNBC<\/a><\/span><span style=\"font-weight:400;\">. The US Chamber of Commerce has urged US President Biden to appoint a committee to mediate the port workers dispute with US Chamber of Commerce CEO Suzanne Clark cautioning \u201ccontinued and potentially expanded service disruptions at these ports heading into peak shipping season,\u201d according to statements cited by Reuters. The drought-hit Panama Canal, which has capped cargo throughput and levied additional charges due to its waterline reaching critical levels, is further compounding the problem, CNBC reported. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">By the numbers: <\/span><span>US ports handled just upwards of 2 mn TEU of imports in May, according to Descartes tracking data cited by Freight Waves. <\/span><span style=\"font-weight:400;\">The value of containers floating off the ports of Oakland, Los Angeles, and Long Beach reached USD 5.2 bn, according to container and customs data cited by CNBC. <\/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\">Are we in for pandemic-level disruption?<\/span><span> \u201cIf these labor disputes continue to affect port efficiency, we could see backlogs similar to those experienced during the pandemic,\u201d CNBC quotes container tracker Vizion CEO Kyle Henderson as saying. Volumes handled at US ports <\/span><span style=\"font-weight:400;\">closely track pre-pandemic figures, but were down 20% y-o-y in May. There is also an uptick in shipments en route to US ports as the September-October peak season approaches, but the upturn is well-within seasonal expectations, port authorities told Freight Waves. <\/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;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The UAE\u2019s NSRC contains fire on an MSC ship in the UAE: <\/span><span style=\"\">The UAE\u2019s<\/span><span style=\"\"> National Search and Rescue Center (NSRC) has medically evacuated a crew <\/span><span>member from Panamanian-flagged MSC Rita after it caught fire in UAE territorial waters, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/NSRCUAE\/status\/1666393798975299586?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1666393798975299586%7Ctwgr%5E3a4a4b4d2a16007e76296e17239b234eba55e07a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tradewindsnews.com%2Fcasualties%2Freport-claims-seafarer-has-died-in-fire-on-msc-container-ship%2F2-1-1463707\" style=\"\">tweet<\/a><\/span><span>. Video released by the NSRC showed three tugs dowsing the ship\u2019s stern with water in an attempt to extinguish the fire.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE-<\/span><span style=\"font-weight:700\">Iraq is reviving plans to build an LNG depot in Western Al Anbar governorate<\/span><span style=\"\">,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/iraq-to-revive-lng-depot-project\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reported on Saturday. The project was launched in 2011 but was mothballed due to internal conflict in the country. The project will see the establishment of a storage capacity of 3k cubic meters, as well as means of distributing gas to factories and public establishments. Although the number of tanks slated for construction was not revealed, the capacity will be sufficient to cover one month in case of disruptions, according to sources close to the project cited by Reuters. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt4\"><\/a> <\/span><span style=\"font-weight:700\">Aviation fuel demand is undergoing a robust recovery after taking harder hits <\/span><span style=\"font-weight:700\">than any other fuel category during the pandemic<\/span><span>,<\/span><span>with the trend expected to continue, <\/span><span>according to a recent <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/455.pdf\" style=\"\">report<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/455.pdf\" style=\"\">(pdf)<\/a><\/span><span style=\"font-weight:400;\">by Gibson Shipbrokers. The category has rebounded to become the fastest growing fuel product in 2022, contributing 50% to global oil growth demand that year \u2014 a figure that was more than double any other category. China was leading the charge with 90% of growth due to pent up demand being released in Chinese markets, manifesting in a sharp increase in domestic and long-haul travel after the removal of pandemic-related restrictions. <\/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 might not last forever, though:<\/span><span style=\"font-weight:400;\"> Demand for aviation fuel is expected to continue growing until 2050 due to a lack of alternatives, but after 2050, alternatives like sustainable aviation fuel could become more readily available, the report said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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=\"\"><a id=\"wwtt5\"><\/a> <\/span><span style=\"font-weight:700\">Sluggish market demand and sticky inflation are to blame for an 11.9% year-to-date drop in <\/span><span style=\"font-weight:700\">Drewry\u2019s Container Equity Index<\/span><span>, a weighted index tracking 12 shipping companies, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/drewry-container-shipping-stocks-weighed-down\/\" style=\"\">Drewry<\/a><\/span><span style=\"font-weight:400;\">. Freight carriers had pinned hopes on improving demand on the back of inventory restocking by major retailers ahead of peak season in 3Q 2023. That expectation has not materialized as retailers seem more focused on working through their existing stocks. This, together with lingering inflation, has been dragging down the index, Drewry said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Asian refiners are poised to switch out Saudi imports in favor of shipments from <\/span><span style=\"font-weight:700\">the UAE following Saudi price hikes and output cuts<\/span><span>, traders told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/asian-refiners-to-cut-july-saudi-oil-imports-after-surprise-price-hike-output-cut\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">. Saudi Aramco has priced its flagship products at USD 1-2 premiums over UAE products that are of a similar quality. While Chinese and Indian importers have the option to switch out Saudi shipments for cheaper Russian energy, other Asian refiners lack the channels to do so, traders told Reuters. UAE output targets \u2014 as opposed to Saudi output \u2014 will be upped by 200k bpd to 3.2 mn bpd in July, ensuring ample flows from state-owned Abu Dhabi National Oil Company (Adnoc) to Asian refineries. The switch in suppliers is likely to increase spot prices and demand for ADNOC\u2019s flagship Murban and Upper Zakum crude, which make up the lion\u2019s share of UAE exports. <\/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\">OPEC+\u2019s<\/span><span style=\"font-weight:700\"> May crude output has shrunk to 670k barrels a day (bbl \/ d) in the first month of <\/span><span style=\"font-weight:700\">deploying voluntary cuts<\/span><span> announced back in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4cacf2f7-3e73-4480-9077-b7e149a521a8\" style=\"\">April<\/a><\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/oil\/060823-opec-may-crude-output-tumbles-in-first-month-of-expanded-voluntary-cuts-platts-opec-survey\" style=\"\">Platts survey<\/a><\/span><span style=\"font-weight:400;\"> carried out by S&P Global. This includes OPEC\u2019s production dropping 440k bbl \/ d with its total production totalling 28.16 mn bbl\/d in May. Non-OPEC allies\u2019 production also fell 1.66 mn bbl \/ d as countries looked to reverse sliding oil prices, according to S&P. <\/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\">Middle Eastern producers also made cuts: <\/span><span>Saudi Arabia implemented its 500k bbl \/ d cut announced in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4cacf2f7-3e73-4480-9077-b7e149a521a8\" style=\"\">April<\/a><\/span><span>, with production averaging 10 mn bbl \/ d in May, according to the Platts survey.<\/span><span> Iraq has also fallen well below its quota, with its output remaining flat m-o-m at 4.1 mn bbl \/ d in May, attributed to its halting of oil exports to the Turkish port of Ceyhan, which it has yet to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/67fb0b73-bbeb-4178-82ee-1a99f3b182d1\" style=\"\">resume<\/a><\/span><span style=\"font-weight:400;\">. UAE production also fell to 140k bbl \/ d, followed by Kuwait with a 130k bbl \/ d drop, according to the survey.<\/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\">Looking ahead: <\/span><span>Output is set to drop even further this summer if countries with voluntary production cuts continue to decrease output and if Saudi Arabia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4cacf2f7-3e73-4480-9077-b7e149a521a8\" style=\"\">proceeds<\/a><\/span><span style=\"font-weight:400;\"> with its additional 1 mn bbl\/d cut. The market is expected to tighten as seasonal consumption patterns typically see global oil demand rising with warmer weather, according to S&P.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things.<\/span><span style=\"font-weight:400;\"> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.<\/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\">We have tons more in the pipeline \u2014 come help us build new publications.<\/span><span style=\"font-weight:400;\"> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.<\/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;\">Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.<\/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\">That said, we're looking for gifted story-tellers from all walks of life and across all professions<\/span><span style=\"font-weight:400;\">, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NEVER WORKED IN A NEWSROOM BEFORE?<\/span><span style=\"font-weight:400;\"> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/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;\">During the program you will learn:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to develop sources that will give you the key insights needed to tell a complete story;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to communicate these stories with the confidence and language of an insider.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Not an internship program \u2014 a career:<\/span><span style=\"font-weight:400;\"> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/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\">Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/span><span> in your subject line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.arabchinaconference.com\/\" style=\"\">Arab-China Business Conference<\/a><\/span><span style=\"font-weight:700\"> kicked off yesterday and is running until <\/span><span style=\"font-weight:700\">today at the King Abdul Aziz International Conference Centre in Riyadh. <\/span><span style=\"font-weight:400;\">The conference is held under the theme of \u201ccollaborating for prosperity\u201d and is bringing together over 3k participants and 150 speakers with the aim of supporting and promoting cooperation between Arab nations and China in the areas of economy, trade and investment. The industry sectors to be brought up include logistics, transportation, and e-commerce among an array of other sectors.<\/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\">Check out our full calendar<\/span><span style=\"font-weight:400;\"> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/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\/oil\/\">oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                 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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"71394\" 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=\"71394\">\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\/06\/12\/lebanon-hungary-to-participate-in-iraqs-road-development-project\/\">\r\n                            Lebanon + Hungary to participate in Iraq\u2019s Road Development Project                        <\/a>\r\n                 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/551.jpg%2Chttps%3A\/\/motrans.gov.iq\/upload\/4403840004.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71395\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/lebanon-hungary-to-participate-in-iraqs-road-development-project\/4403840004-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/551.jpg%2Chttps%3A\/\/motrans.gov.iq\/upload\/4403840004.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"4403840004.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/551.jpg%2Chttps%3A\/\/motrans.gov.iq\/upload\/4403840004.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/551.jpg%2Chttps%3A\/\/motrans.gov.iq\/upload\/4403840004.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71394\" class=\"content-area-description single-story post-71394 post type-post status-publish format-standard has-post-thumbnail hentry category-projects tag-enterprise-logistics tag-iraq tag-projects tag-rail 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\/6\/.392556ad-2181-4402-82e3-7834bd220d9c.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\">Iraq\u2019s USD 17 bn <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d3321249-4ced-4ad8-83de-b39732be3c6b\" style=\"\">Development Road Project<\/a><\/span><span style=\"font-weight:700\">is attracting the attention of foreign investors<\/span><span style=\"\">, with <\/span><span>Lebanon and Hungary being the latest countries to express interest in participating. Iraq is currently <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/motrans.gov.iq\/?article=669\" style=\"\">putting in place<\/a><\/span><span> the final designs for the project, which will include the MENA region's largest industrial city, Iraq's Prime Minister Mohammed Al Sudani said, according to the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26891-pm-the-development-road-is-a-large-and-ongoing-project-that-will-include-the-largest-industrial-city-in-the-middle-east.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Iraq wants Lebanon on board:<\/span><span> Lebanese officials say that Lebanon can potentially contribute by making its ports of Beirut and Tripoli the sea outlets for the project, according to a Lebanese Information Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nna-leb.gov.lb\/en\/economy\/620114\/hamieh-iraqi-transport-minister-informed-speaker-b\" style=\"\">statement<\/a><\/span><span>. Officials from the two countries <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/motrans.gov.iq\/?article=669\" style=\"\">discussed<\/a><\/span><span style=\"font-weight:400;\"> enhancing their economic cooperation and developing their bilateral relations.<\/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\">It\u2019s also open to all Arab countries wishing to contribute to the project<\/span><span>, the Iraqi Transport Ministry <\/span><span>statement<\/span><span style=\"font-weight:400;\"> said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WATCH THIS SPACE-<\/span><span> Iraq will hold a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7690da8d-7509-4d5a-b8d9-a42576e46d0e\" style=\"\">press conference<\/a><\/span><span> this Wednesday<\/span><span> to discuss the project and will invite more potential investors, according to Lebanese news outlet <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.lbcgroup.tv\/news\/news-bulletin-reports\/707836\/road-map-for-prosperity-lebanons-participation-in\/en\" style=\"\">LBC International<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The project is also attracting the attention of Hungarian companies looking to invest<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26906-al-sudani-receives-attila-tar-ambassador-of-hungary-in-iraq.html\" style=\"\">INA<\/a><\/span><span style=\"font-weight:400;\"> reported following a meeting between Al Sudani and Hungarian ambassador to Iraq Attila Tar.<\/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\">ICYMI-<\/span><span> China could also <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7690da8d-7509-4d5a-b8d9-a42576e46d0e\" style=\"\">contribute to the project<\/a><\/span><span>, whether through investment or implementation. Chinese Ambassador Cui Wei visited Baghdad last week, where Iraqi Transport Minister Razzaq Al Saadawi said that Iraq is \u201clooking forward to an effective contribution by China.\u201d Ambassador Cui Wei also expressed China\u2019s readiness to review the feasibility study conducted by Iraq and offer technical advice for the project's completion, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/26817-pm-iraq-has-received-offers-to-finance-and-implement-the-development-road.html\" style=\"\">INA<\/a><\/span><span style=\"font-weight:400;\"> reported separately. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span style=\"font-weight:400;\"> The USD 17 bn project, announced last month, will involve roads, bridges, and 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. The project is expected to become a major rival to the Suez Canal, by significantly reducing travel time between Europe and Asia. <\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"71396\" 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=\"71396\">\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\">Projects<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/\">\r\n                            KSA inaugurates SAR 243 mn road infrastructure development projects in Al Madinah                        <\/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\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/\" 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\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/')\">\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\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/\">\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=KSA inaugurates SAR 243 mn road infrastructure development projects in Al Madinah&url=https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/\">\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\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/&title=KSA inaugurates SAR 243 mn road infrastructure development projects in Al Madinah\">\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+inaugurates+SAR+243+mn+road+infrastructure+development+projects+in+Al+Madinah+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Fksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah%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\/06\/12\/ksa-inaugurates-sar-243-mn-road-infrastructure-development-projects-in-al-madinah\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71396\" class=\"content-area-description single-story post-71396 post type-post status-publish format-standard hentry category-projects tag-enterprise-logistics tag-infrastructure tag-projects tag-saudi-arabia 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\/6\/.27760116-7ab3-438d-bb4f-20a87d05af9a.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Saudi Arabia has inaugurated seven road infrastructure development projects <\/span><span style=\"font-weight:700\">worth SAR 243 mn in Al Madinah<\/span><span>, spanning a total length of 138 km,<\/span><span> according to a Saudi Transport and Logistics Services Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3Cmgfjt\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The statement did not disclose the expected timeline for the completion of these projects.<\/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>The work consists of completing the third Ring Road-Yanbu Expressway, Al Faqa\u2019ali Mandasa Bawat road which <\/span><span>connects to Yanbu<\/span><span>, and completing Prince Nayef Bin <\/span><span>Abdul Aziz Road <\/span><span>and installing light works on the road. The projects will also involve completing work on the Talal-Al <\/span><span>Qa<\/span><span>iyah road, the Aqailat Tharb road, the Athaya road, and the Thrab road. Fadla Jaidah Al Satih road will also be connected with <\/span><span>Shamisi Roa<\/span><span style=\"font-weight:400;\">d.  <\/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 projects come as the Saudi government works to improve the transport and roads sector<\/span><span style=\"font-weight:400;\"> by linking cities, centers, villages and deserts within the kingdom as a means to boost its performance in transport and logistics and diversify its economy away from oil.<\/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\/infrastructure\/\">INFRASTRUCTURE<\/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\/saudi-arabia\/\">Saudi Arabia<\/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=\"71398\" 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=\"71398\">\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\">Rail<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/iran-will-inaugurate-its-bostanabad-khavaran-railway-this-week\/\">\r\n                            Iran will inaugurate its Bostanabad-Khavaran railway this week                        <\/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 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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=Iran+will+inaugurate+its+Bostanabad-Khavaran+railway+this+week+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Firan-will-inaugurate-its-bostanabad-khavaran-railway-this-week%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\/06\/12\/iran-will-inaugurate-its-bostanabad-khavaran-railway-this-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/431.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71399\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/iran-will-inaugurate-its-bostanabad-khavaran-railway-this-week\/431-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/431.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"431.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/431.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/431.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71398\" class=\"content-area-description single-story post-71398 post type-post status-publish format-standard has-post-thumbnail hentry category-rail tag-enterprise-logistics tag-iran tag-rail 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\/6\/.e9f368db-0cd1-4084-bfed-db6622a72ab8.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\">Bostanabad-Khavaran railway set to launch this week: <\/span><span style=\"\">Iran\u2019s Bostanabad-Khavaran <\/span><span>railway \u2014 part of the Mianeh-Bostonabad-Tabriz railroad extending from Bostonabad to Khavaran in northwest Iran \u2014 will be inaugurated this week in the presence of Iranian President Ebrahim Raisi in East Azerbaijan, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/06\/07\/2907227\/bostanabad-khavaran-railway-to-be-inaugurated-this-week-iran-deputy-roads-minister\" style=\"\">Tasnim News Agency<\/a><\/span><span>reports, citing statements by Iranian Deputy Roads and Urban Development Minister Kheirollah Khademi<\/span><span style=\"font-weight:700;\">. <\/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>The double-tracked railway was built with a total of <\/span><span>IRR 30 tn <\/span><span>(USD 709.6 mn) in credit, Tasnim said, without clarifying who provided the funds. The railway spans a distance of 44 km, and goes over 6 km of valley bridges and through 7 km of tunnels, Khademi said.<\/span><span style=\"font-weight:400;\">The larger Mianeh-Bostonabad-Tabriz railroad is 203 km long with 10 stations. <\/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 new railway will boost transportation speed: <\/span><span style=\"font-weight:400;\">The railway is expected to decrease travel time from Tehran to Tabriz by four to five hours, Khademi said, adding that this shorter travel distance will mean less pollution, among other benefits. The project is part of the southern corridor of the Trans-Asian-Railway (TAR), which is a developing freight railway network spanning Europe and Asia. <\/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\">Speaking of railways: <\/span><span>Iran and Russia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6779dbde-de87-427d-af2e-f500dff48b90\" style=\"\">inked a EUR 1.6 bn agreement<\/a><\/span><span> in May to construct the Rasht-Astara railway, which <\/span><span>will complete the 7.2k km International North-South Transport Corridor (INSTC) \u2014 a network of ship, rail, and road routes connecting South Asia to Europe. The new route will see the transportation of foodstuffs and other attributable goods to consumers in Iran, the Arabian Gulf, and Africa. <\/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\/iran\/\">Iran<\/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\/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=\"71400\" 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=\"71400\">\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\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/\">\r\n                            SCZone lines up 20% IPO of Port Said Terminal Operator                        <\/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\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/\" 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\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/')\">\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\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/\">\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=SCZone lines up 20% IPO of Port Said Terminal Operator&url=https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/\">\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\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/&title=SCZone lines up 20% IPO of Port Said Terminal Operator\">\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=SCZone+lines+up+20%25+IPO+of+Port+Said+Terminal+Operator+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Fsczone-lines-up-20-ipo-of-port-said-terminal-operator%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\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/511.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71401\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/sczone-lines-up-20-ipo-of-port-said-terminal-operator\/511-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/511.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"511.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/511.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/511.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71400\" class=\"content-area-description single-story post-71400 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-enterprise-logistics tag-ipo-watch tag-port tag-sczone 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\/6\/.fb2ea4b1-21fd-4c5c-ac5c-d8c9824af4fe.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\">Egypt\u2019s Port Said terminal operator to sell 20% stake on Egyptian exchange:<\/span><span style=\"\"> The <\/span><span>Suez Canal Economic Zone\u2019s (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sczone.eg\/ar\/\" style=\"\">SCZone<\/a><\/span><span>) board of directors signed off Thursday on the sale of a 20% stake in Port Said Container and Cargo Handling (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pscchc.com\/index.aspx?pg_lg=en\" style=\"\">PSCCHC<\/a><\/span><span>) in an IPO on the EGX as part of the Egyptian government\u2019s renewed privatization push, according to an SCZone <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/42Aiydk\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Remember:<\/span><span> PSCCHC has been in line for an IPO since December when it temporarily <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/76234ede-1220-4d46-b3a6-b497f60771d7\" style=\"\">listed its shares on the EGX<\/a><\/span><span style=\"font-weight:400;\">. The company had six months with which to complete regulatory procedures under recent changes to Egypt\u2019s securities regulations, a time period which elapsed last week. Companies are allowed to ask Egypt\u2019s Financial Regulatory Authority for a six-month extension if they haven\u2019t completed IPO procedures by the initial deadline.<\/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\">Expect developments in the coming weeks:<\/span><span> The company will begin the offering \u201cvery soon,\u201d sources told <\/span><span>Enterprise<\/span><span style=\"font-weight:400;\">AM.<\/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 company has attracted interest from regional players:<\/span><span> Qatar\u2019s sovereign wealth fund the Qatar Investment Authority (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qia.qa\/en\/Pages\/default.aspx\" style=\"\">QIA<\/a><\/span><span>) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8d2b9979-bfbb-4862-9963-dbd2fcdc388a\" style=\"\">submitted an offer<\/a><\/span><span> earlier this year to acquire a majority stake in the terminal operator, along with shares in Egypt\u2019s Damietta Container & Cargo Handling Company (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/dchc.com.eg\/\" style=\"\">DCHC<\/a><\/span><span style=\"font-weight:400;\">). Nothing has been heard about the talks since, and though details of the negotiations remain unclear, it has been said that Egypt\u2019s Transport Ministry is reluctant to cede majority control in state-owned companies.<\/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\/port\/\">port<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/sczone\/\">SCZone<\/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=\"71402\" 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=\"71402\">\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\">Startup Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/\">\r\n                            Saudi logistics startup OTO marks entry into Turkish market                        <\/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\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/\" 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\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/')\">\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\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi logistics startup OTO marks entry into Turkish market&url=https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/\">\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\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/&title=Saudi logistics startup OTO marks entry into Turkish market\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+logistics+startup+OTO+marks+entry+into+Turkish+market+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Fsaudi-logistics-startup-oto-marks-entry-into-turkish-market%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\/06\/12\/saudi-logistics-startup-oto-marks-entry-into-turkish-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71402\" class=\"content-area-description single-story post-71402 post type-post status-publish format-standard hentry category-startup-watch tag-egypt tag-enterprise-logistics tag-saudi-arabia tag-startup tag-startup-watch tag-turkey 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\/6\/.2c4c4e2d-44a3-4bb3-bc89-7c1386e850c4.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\">KSA-based logistics startup <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/tryoto.com\/\" style=\"\">OTO<\/a><\/span><span style=\"font-weight:700\"> has expanded into Turkey <\/span><span style=\"\">as part of wider global expansion plans, <\/span><span>according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/548.pdf\" style=\"\">press release (pdf)<\/a><\/span><span>. <\/span><span style=\"font-weight:400;\">The startup declined to comment on the value of OTO\u2019s new investments in Turkey when approached by Enterprise Logistics, but said that the investment is \u201cstrategic,\u201d focusing on both tech and human resources. <\/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 startup will focus on providing shipping services to retail + e-commerce players: <\/span><span style=\"font-weight:400;\">OTO is looking to bring its expertise in logistics, supply chain management, and enhanced customer experience to clients in Turkey\u2019s retail sector, according to the statement. \u201cIn Turkey, our primary objective is to offer an efficient and seamless shipping gateway for businesses involved in retail and e-commerce,\u201d co-founder and CEO of OTO Mohammad Al Razaz told Enterprise Logistics.<\/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 they said:<\/span><span style=\"font-weight:400;\"> \u201cThis is a significant investment by OTO that is reflective of Turkey\u2019s position as one of the most important and dynamic economies in the region. We are excited to chart this next phase of growth in the Turkish market and help our clients execute successful omnichannel strategies in the region,\u201d Al Razaz said in the press release. <\/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\">Egypt is next on the list:<\/span><span style=\"font-weight:400;\"> OTO plans on further expanding in the MENA region, with a focus on North African markets. \u201cEgypt is our next target, and we aim to launch operations there at the beginning of next year,\u201d Al Razaz said. The company is currently operational in the GCC and Jordan. <\/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 OTO:<\/span><span style=\"font-weight:400;\"> Founded in 2019, the Saudi tech logistics startup provides \u201cholistic shipping management solutions\u201d to retailers through access to its innovative shipping gateway platform. OTO\u2019s platform links users to upwards of 180 regional and international courier and delivery services, affording users a range of multi-channel retail, inventory, and point of sale options. The platform\u2019s dashboard also permits integration with e-commerce platforms and ERP systems, in addition to the ability to sync orders, assign shipments, print labels, scan barcodes, manage operations and receive analytic 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\/egypt\/\">Egypt<\/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\/startup\/\">startup<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/turkey\/\">Turkey<\/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=\"71404\" 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=\"71404\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/\">\r\n                            GCC + the US commit to protecting maritime security in the region. PLUS: Saudi Arabia + China, Qatar + Ghana to boost transport cooperation                        <\/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\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/\" 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\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/')\">\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\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/\">\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=GCC + the US commit to protecting maritime security in the region. PLUS: Saudi Arabia + China, Qatar + Ghana to boost transport cooperation&url=https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/\">\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\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/&title=GCC + the US commit to protecting maritime security in the region. PLUS: Saudi Arabia + China, Qatar + Ghana to boost transport cooperation\">\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=GCC+%2B+the+US+commit+to+protecting+maritime+security+in+the+region.+PLUS%3A+Saudi+Arabia+%2B+China%2C+Qatar+%2B+Ghana+to+boost+transport+cooperation+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Fgcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation%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\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/535.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71405\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/gcc-the-us-commit-to-protecting-maritime-security-in-the-region-plus-saudi-arabia-china-qatar-ghana-to-boost-transport-cooperation\/535-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/535.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"535.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/535.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/535.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71404\" class=\"content-area-description single-story post-71404 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-china tag-diplomacy tag-enterprise-logistics tag-maritime tag-qatar tag-saudi-arabia tag-us 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\/6\/.fb029a59-95b7-4fea-8dc6-d8bf5af1925c.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\">GCC + US stress commitment to maritime security in the region:<\/span><span style=\"\"> The GCC\u2019s foreign ministers and Secretary General Jassim Muhammad Al Budaiwi<\/span><span style=\"\"> met with US Secretary of State Antony Blinken, during which they asserted their commitment to upholding freedom of navigation and maritime security, according to a joint <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.state.gov\/joint-statement-following-the-ministerial-meeting-of-the-united-states-and-the-gulf-cooperation-council-gcc\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. They stressed their willingness to tackle any illegal actions taking place at sea or any other territories that could impact shipping lanes, international trade, or oil installations within the GCC. <\/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\">Saudi Arabia\u2019s Transport Minister <\/span><span style=\"\">Saleh Al Jasser and<\/span><span style=\"font-weight:700\"> Chinese counterpart <\/span><span style=\"\">Li Xaiopeng discussed <\/span><span style=\"font-weight:700\">boosting cooperation <\/span><span style=\"\">in <\/span><span style=\"font-weight:700\">transportation <\/span><span style=\"\">and <\/span><span style=\"font-weight:700\">logistics <\/span><span style=\"\">during a video conference over the weekend<\/span><span style=\"font-weight:700\">. <\/span><span style=\"\">(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7072936342313164801\/\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">Qatari Transport Minister <\/span><span style=\"\">Jassim Al Sulaiti discussed with <\/span><span style=\"font-weight:700\">Ghana\u2019s Transport <\/span><span style=\"font-weight:700\">Minister <\/span><span style=\"\">Kwaku Ofori Asiamah<\/span><span style=\"\">building on<\/span><span style=\"font-weight:700\"> bilateral cooperation <\/span><span style=\"\">in the fields of <\/span><span style=\"font-weight:700\">transportation<\/span><span style=\"\">, <\/span><span style=\"font-weight:700\">ports<\/span><span style=\"\">, and civil aviation, including training and capacity building for maritime specialists. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mot.gov.qa\/en\/news-events\/news\/minister-meets-ghanian-counterpart\" style=\"\">Statement<\/a><\/span><span style=\"\">) <\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/us\/\">US<\/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=\"71406\" 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=\"71406\">\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\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/\">\r\n                            Seafarer labor market deficit reaches highest in 17 years                        <\/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\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/\" 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\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/')\">\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\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/\">\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=Seafarer labor market deficit reaches highest in 17 years&url=https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/\">\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\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/&title=Seafarer labor market deficit reaches highest in 17 years\">\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=Seafarer+labor+market+deficit+reaches+highest+in+17+years+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Fseafarer-labor-market-deficit-reaches-highest-in-17-years%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\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/530.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71407\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/seafarer-labor-market-deficit-reaches-highest-in-17-years\/530-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/530.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"530.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/530.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/530.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71406\" class=\"content-area-description single-story post-71406 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-enterprise-logistics tag-inflation tag-logistics-in-the-news tag-maritime tag-russia tag-shipping 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\/6\/.e0b7cd2b-f248-4df7-a271-6b341779768a.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\">Hapag Lloyd CEO warns that shipping rates are at \u201cunsustainable levels\u201d: <\/span><span style=\"\">Container shipping freight rates have fallen to unsustainable levels,<\/span><span style=\"\">Hapag Lloyd <\/span><span>CEO Rolf Habben Jansen said in a call with journalists, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/container-shipping-freight-rates-are-too-low-says-hapag-lloyd-ceo-2023-06-06\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">. There is an urgent need for rates to rebound and that some spot rates are \u201cbelow cost,\u201d Habben Jansen said. \u201cIn the long run, that typically does not hold. Whenever everything becomes cash negative, then people take the measures that need to be taken to settle rates slightly above cost,\u201d he added. This is happening alongside an increase in transport expenses, which has seen them rise due to inflation, fuel and labor costs, Habben Jansen added. Hapag Lloyd witnessed a 3% y-o-y increase in transport expenses during 1Q 2023, reaching USD 1.3k per TEU. <\/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\">Where are rates at? <\/span><span style=\"font-weight:400;\">The Shanghai containerised freight index hit a low point in 2Q 2023 and has witnessed minimal fluctuation since then. Habben Jansen anticipates rates to eventually stabilize at higher levels, ranging between c.USD 1.3k-1.8k per TEU. However, even at these forecasted levels, rates would still be 25% higher than pre-pandemic levels.<\/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\">Seafarers in demand as officer deficit reaches 9% \u2014 its highest in 17 years: <\/span><span style=\"\">A <\/span><span>shortage in the supply of seafarer officers has reached a record high with analysts predicting it to last at least five more years, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hellenicshippingnews.com\/seafarer-labour-market-tightest-on-record\/\" style=\"\">Hellenic Shipping News<\/a><\/span><span> reported, citing global shipping consultancy firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.drewry.co.uk\/maritime-research-opinion-browser\/seafarer-labour-market-tightest-on-record\" style=\"\">Drewry<\/a><\/span><span style=\"font-weight:400;\">. The availability gap has widened to a deficit that equates to 9% of the global pool, up from last year\u2019s 5%. The tightening in the labor market \u2014 which is also causing manning cost inflation \u2014 is attributed to the trickling effects of covid-19 and laborer wellbeing, as well as the eruption of the Russia-Ukraine war, which limited the number of Russian and Ukrainian seafarers, according to Drewry.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Maersk to expand use of Microsoft Azure for digitization + decarbonization: <\/span><span style=\"\">Logistics giant AP Moller-<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.maersk.com\/\" style=\"\">Maersk<\/a><\/span><span style=\"\"> will <\/span><span>expand its use of Microsoft Azure as its cloud platform to accelerate digitization, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/06\/08\/maersk-expands-relationship-with-microsoft-to-further-digitize-and-decarbonize-logistics\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The expansion will support Maersk\u2019s transformation strategy by building scalable platforms to boost organic and inorganic growth. Maersk will also benefit from the use of machine learning and data analytics, which should give the company greater insights, the statement said. The collaboration will see the two cooperate across three core pillars: technology, ocean and logistics, and decarbonization.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Russian oil exporters have nearly doubled their usage of a<\/span><span style=\"font-weight:700\">ging<\/span><span style=\"font-weight:700\"> ships<\/span><span style=\"\">following the <\/span><span>Ukraine war, with the average share carried by ships more than 15 years old reaching 62.6% since December, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/f7adb227-5756-4f78-b33d-be9dbfc2649f\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\">reports. This increase is raising concerns within the shipping industry regarding the safety of workers on old and unfit ships and the potential environmental hazards they pose, such as the risk of oil spills. This, coupled with the increasing size of Russia\u2019s shadow fleet, is also raising concerns that a big chunk of the world\u2019s fleet will be inconsistent with international standards, according to industry figures. <\/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\">Aging ships are rising as a share of the world\u2019s ships:<\/span><span> Braemar <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5525b00f-24b8-47f4-b408-14fab2f3bac5\" style=\"\">expects<\/a><\/span><span> the share of ships aged 20 years or more to increase to 16% by 2025. <\/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\/inflation\/\">inflation<\/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\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/russia\/\">Russia<\/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=\"71408\" 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=\"71408\">\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\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/adnoc-ls-gets-epc-contract-for-offshore-island-plus-news-from-bahri-dmcc-jazan-economic-zone-aqaba-and-huawei\/\">\r\n                            Adnoc L&amp;S gets EPC contract for offshore island. PLUS: News from Bahri, DMCC, Jazan Economic Zone, Aqaba and Huawei                        <\/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\/06\/12\/adnoc-ls-gets-epc-contract-for-offshore-island-plus-news-from-bahri-dmcc-jazan-economic-zone-aqaba-and-huawei\/\" 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\/06\/12\/adnoc-ls-gets-epc-contract-for-offshore-island-plus-news-from-bahri-dmcc-jazan-economic-zone-aqaba-and-huawei\/')\">\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\/06\/12\/adnoc-ls-gets-epc-contract-for-offshore-island-plus-news-from-bahri-dmcc-jazan-economic-zone-aqaba-and-huawei\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adnoc L&#038;S gets EPC contract for offshore island. 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The agreement aims to optimize supply management for Bahri Line by guaranteeing the efficient and reliable handling of goods. <\/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\">ADNOC Logistics & Services awarded USD 975 mn contract for offshore artificial <\/span><span style=\"font-weight:700\">island construction:<\/span><span style=\"\"> ADNOC Logistics and Services (ADNOC L&S) has secured a contract for the engineering, procurement, and construction (EPC) of an artificial island by ADNOC Offshore, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/438.pdf\" style=\"\">press release (pdf)<\/a><\/span><span style=\"font-weight:400;\">. The contract comes as part of Adnoc L&S\u2019 plans to pursue new revenue streams and new types of projects, the statement said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">ADNOC L&S wrapped its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d8469523-508b-40a7-9993-5f8025fe5d0d\" style=\"\">IPO on the Abu Dhabi Securities Exchange<\/a><\/span><span style=\"\"> on 1 June, which saw it raise USD 769 mn. <\/span><span style=\"font-weight:400;\">The proceeds raised from the transaction were earmarked for expenses for Adnoc\u2019s ambitious USD 4-5 bn medium term growth strategy. The strategy includes investments towards expanding the scope of Adnoc subsidiary services, decarbonization efforts, as well as scaling up Adnoc L&S\u2019 shipping, integrated logistics, and services platform operations.<\/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;\">ZONES-<\/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\">DMCC + BDIAEZ agree to bilateral trade, knowledge transfers: <\/span><span style=\"\">The Dubai Multi <\/span><span>Commodities Centre (DMCC) and the Beijing Daxing International Airport Economic Zone (BDIAEZ) have inked a cooperation agreement to promote bilateral trade, knowledge transfers, and best practices, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dmcc-boosts-dubai-china-trade-relations-through-agreement-with-beijing-daxing-international-airport-economic-zone-kqqf7cgw\" style=\"\">press release<\/a><\/span><span style=\"font-weight:400;\">. Under the framework, both parties will guide, support, and offer streamlined access to any company wishing to set up shop in DMCC or BDIAEZ, the statement said. They will also work towards developing joint industry clusters at each site, benefit from their shared infrastructure, and draw in new investments. <\/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\">KSA\u2019s Jazan Economic Zone is looking to draw in USD 2.93 bn in investments by <\/span><span style=\"font-weight:700\">2040 by offering unused mining reserves valued at upwards of USD 1.3 tn<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabnews.com\/node\/2319646\/business-economy\" style=\"\">Arab News<\/a><\/span><span style=\"font-weight:400;\"> reports. The zone is offering access to international firms willing to benefit from the country\u2019s mining sector, which is lining up to become Saudi industry\u2019s \u201cthird pillar,\u201d Arab News reported. The economic center\u2019s proximity to KSA\u2019s largest export gateway in Jazan Port also provides numerous economic advantages.<\/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;\">SHIPPING LINES-<\/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\">Jeddah added to Asyad shipping line:<\/span><span style=\"\"> Jeddah Islamic Port<\/span><span style=\"\">has been added to<\/span><span> Asyad\u2019s Rex Cargo service, connecting it to the ports of<\/span><span> Nhava Sheva and Mundra in India,  Salalah in Oman, and Ain Sokhna in Egypt, according to a Saudi Ports Authority (Mawani) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7072237597770543104\/\" style=\"\">statement<\/a><\/span><span>.<\/span><span style=\"font-weight:400;\"> This marks the 15th shipping service to be added to Saudi ports this year, according to the statement. <\/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\">Jordan\u2019s <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.act.com.jo\/en\" style=\"\">Aqaba Container Terminal<\/a><\/span><span style=\"font-weight:700\"> (ACT) has launched an operation command <\/span><span style=\"font-weight:700\">center that will centralize operations <\/span><span>through an integration cell model, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.act.com.jo\/en\/news-room\/latest-news\/act-inaugurates-its-operations-command-center\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. The center will implement a crane optical character recognition system that automates the process of recording loading and discharging transactions on the system. It will also involve gate automation that can recognize trucks\u2019 plate numbers and automatically record the data on the system, as well as asset digitalization to retrieve live data for terminal equipment, and a central data dashboard. The center will also deploy an eagle eye system to provide location, speed, and safety data for terminal trucks for live monitoring.<\/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;\">TRANSPORT-<\/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\">Huawei to facilitate Tunisia\u2019s drive to smart transportation: <\/span><span style=\"\">Tunisia\u2019s Transport <\/span><span>Ministry and Chinese technology developer and manufacturer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/consumer.huawei.com\/tn\/\" style=\"\">Huawei<\/a><\/span><span> have discussed the potential of leveraging the Chinese company\u2019s expertise and advanced technologies to enhance Tunisia\u2019s smart transportation and digitization of services, according to a ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Ministere.Du.Transport.Logistique\/posts\/pfbid0mQzke7t2KsUytfrytRxm8xabyJB7o5yqbYxaqLFUg9fgB8YUS8xLWozBj7rzggdzl\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. Tunisia is looking to implement proposals for digital projects as well as enhancing smart transportation through deploying smart technology infrastructure in airports, ports, border crossings and urban transportation, according to the statement. This initiative falls under the country\u2019s vision to develop its transport and logistics sector by 2040.<\/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\/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\/logistics\/\">logistics<\/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=\"71410\" 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=\"71410\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/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\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/\">\r\n                            More sustainable aviation fuel progress + Airbus ups aircraft deliveries. PLUS: MSC slapped with USD 9.8 mn fine                        <\/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\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/\" 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\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/')\">\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\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/\">\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=More sustainable aviation fuel progress + Airbus ups aircraft deliveries. 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PLUS: MSC slapped with USD 9.8 mn fine\">\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=More+sustainable+aviation+fuel+progress+%2B+Airbus+ups+aircraft+deliveries.+PLUS%3A+MSC+slapped+with+USD+9.8+mn+fine+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F06%2F12%2Fmore-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine%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\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/541.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"71411\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/06\/12\/more-sustainable-aviation-fuel-progress-airbus-ups-aircraft-deliveries-plus-msc-slapped-with-usd-9-8-mn-fine\/541-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/541.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"541.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/541.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/541.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71410\" class=\"content-area-description single-story post-71410 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation tag-decarbonization tag-enterprise-logistics tag-maritime 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\/6\/.08662f4e-048a-413c-961a-38c435c5eec6.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\">Aramco, Eni + United Airlines invest in aviation fuel R&D:<\/span><span style=\"\"> The venture units of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aramco.com\/\" style=\"\">Saudi Aramco<\/a><\/span><span style=\"\"> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eni.com\/en-IT\/home.html\" style=\"\">ENI<\/a><\/span><span style=\"\">, as well as <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.united.com\/en\/us\" style=\"\">United Airlines<\/a><\/span><span style=\"\">,<\/span><span style=\"\"> have joined <\/span><span style=\"\">forces to invest in UK-based <\/span><span style=\"\">sustainability startup <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.oxccu.com\/\" style=\"\">OXCUU<\/a><\/span><span style=\"\">\u2019s drive to make low-carbon aviation fuel more affordable,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/sustainability\/aramco-eni-united-airlines-invest-uk-based-low-carbon-fuel-venture-2023-06-07\/#:~:text=NEW%20YORK%2C%20June%207%20(Reuters,the%20companies%20said%20on%20Wednesday.\" style=\"\">Reuters<\/a><\/span><span style=\"\"> reported last week. The initiative \u2014 spearheaded by US-based investor <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cleanenergyventures.com\/\" style=\"\">Clean Energy Ventures<\/a><\/span><span style=\"font-weight:400;\"> \u2014 will see USD 22.7 mn go to Oxford-affiliated OXCCU to fund research on sustainable aviation fuels. OXCCU says it has innovated a method utilizing an iron-based catalyst that cuts 50% of the capital costs involved in producing low-carbon aviation fuels while also producing fewer byproducts, as per company statements cited by 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;\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Airbus<\/span><span style=\"\"> delivered <\/span><span style=\"font-weight:700\">63 aircraft in May<\/span><span style=\"\">, up <\/span><span style=\"font-weight:700\">34% y-o-y<\/span><span style=\"\">, bringing its total for the year <\/span><span>to <\/span><span style=\"font-weight:700\">244 jets<\/span><span>. <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/airbus-deliveries-up-may-go-first-orders-fall-by-16-units-2023-06-07\/\" style=\"\">(Reuters)<\/a><\/span><\/li>\n<li><span style=\"\">The US <\/span><span style=\"font-weight:700\">Federal Maritime Commission <\/span><span style=\"\">(<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fmc.gov\/\" style=\"\">FMC<\/a><\/span><span style=\"\">) has slapped <\/span><span style=\"font-weight:700\">MSC <\/span><span style=\"\">subsidiary <\/span><span style=\"font-weight:700\">Hamburg S\u00fcd<\/span><span> with a <\/span><span style=\"font-weight:700\">USD 9.8 mn fine <\/span><span>for alleged <\/span><span style=\"font-weight:700\">price gouging<\/span><span>, <\/span><span style=\"font-weight:700\">collusion<\/span><span>, and <\/span><span style=\"font-weight:700\">contract breaches<\/span><span>. The fine is the largest issued by the FMC since its powers were expanded last summer. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/splash247.com\/maersk-hit-with-9-8m-fmc-fine\/\" style=\"\">Splash<\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/maritime\/\">maritime<\/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=\"71412\" 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\/06\/12\/71412\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-71412\" class=\"content-area-description single-story post-71412 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;\">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>11-12 June (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabchinaconference.com\/\" style=\"\">Arab-China Business Conference<\/a><\/span><span>, King <\/span><span>Abdul Aziz<\/span><span> International Conference Center, Riyadh, KSA.<\/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>13-15 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tocevents-europe.com\/en\/media\/press\/dp-world-special-edition.html?elqTrackId=51EF04D0A8FCA68BB4A42A0A18297616&elqTrack=true\" style=\"\">Terminal Operators Conference Europe<\/a><\/span><span style=\"font-weight:400;\"> (TOC), Rotterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 June (Wednesday): Iraq will hold a press conference on its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d3321249-4ced-4ad8-83de-b39732be3c6b\" style=\"\">Development Road Project<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaihelishow.com\/\" style=\"\">Helishow Dubai<\/a><\/span><span style=\"font-weight:400;\">, Museum of the Future, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/e1k5-7z15-gsxk\" style=\"\">Middle East Cold Chain Food Safety Conference<\/a><\/span><span style=\"font-weight:400;\">, DoubleTree by Hilton Dubai, Dubai.<\/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>19-21 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/emea.coupainspire.com\/\" style=\"\">Coupa Inspire<\/a><\/span><span style=\"font-weight:400;\">, ExCel, London, UK.<\/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>21-23 June (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eurasiarail.eu\/Page\/online-invitation?gclid=Cj0KCQjwj_ajBhCqARIsAA37s0yuyD9NL8O-LKNNDzUt0wA1bVNBakLT_a-R0UuD5c-DfuRuqi5D_CwaAiEdEALw_wcB\" style=\"\">Eurasia Rail<\/a><\/span><span style=\"font-weight:400;\">, Istanbul Expo Center, Istanbul.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 June- 2 July (Thursday- Sunday): The China-Africa Economic and Trade Expo (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/gm.china-embassy.gov.cn\/eng\/sgxw\/202303\/t20230308_11037851.htm\" style=\"\">CAETE<\/a><\/span><span style=\"font-weight:400;\">), Changsha, 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;\">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;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Oman will award Ras Al Hadd Airport consultancy contract. <\/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>4-8 September (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/expotobi.com\/logistics-transport-management\" style=\"\">Logistics and Transport Management<\/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>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>6-7 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainability-live.com\/\" style=\"\">Sustainability LIVE London<\/a><\/span><span>, Business Design Centre, London.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/libyaherald.com\/2023\/06\/the-libyan-moroccan-forum-for-trade-and-business-11-to-14-september-in-tangiers-morocco\/\" style=\"\">The Libyan Moroccan Forum for Trade and Business<\/a><\/span><span style=\"font-weight:400;\">, Tangiers, Morocco.<\/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>20-23 September (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mtbevents.com\/events\/mtb-workboats-2023\/\" style=\"\">MTB Workboats<\/a><\/span><span style=\"font-weight:400;\">, Hyatt Regency Dubai, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 September(Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aviationnews-online.com\/conferences\/dubai\/\" style=\"\">Airline Economics Growth Frontiers Middle East & Africa<\/a><\/span><span style=\"font-weight:400;\">, The Ritz-Carlton, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/procureconeu.wbresearch.com\/\" style=\"\">ProcureCon<\/a><\/span><span style=\"font-weight:400;\">, Hyatt Regency Barcelona Tower, Spain.<\/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>26-29 October (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaasm.org\/news\/international-congress-of-aviation-and-space-medicine-icasm-2023\" style=\"\">International Congress of Aviation and Space Medicine<\/a><\/span><span style=\"font-weight:400;\">, Conrad, Etihad Towers, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 Oct- 2 Nov (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaphworldports.org\/iaph-world-ports-conference\/\" style=\"\">IAPH World Ports Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-31 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gartner.com\/en\/conferences\/emea\/supply-chain-planning-uk\" style=\"\">Gartner Supply Chain Planning Summit<\/a><\/span><span style=\"font-weight:400;\">, London, UK. <\/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>14-17 November (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/programs\/ops-infra\/slots\/conference\/\" style=\"\">IATA Slot Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre, Dubai, UAE.<\/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>23 November (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/sclg-summit\" style=\"\">Global Supply Chain and Logistics Summit<\/a><\/span><span style=\"font-weight:400;\">, Grand Millennium Hotel Business Bay, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November-3 December (Saturday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/handling-expo\" style=\"\">Handling Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo, Egypt.<\/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;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/events\/investinlogistics6783236786333204480\/\" style=\"\">Invest in Logistics<\/a><\/span><span style=\"font-weight:400;\">, St.Regis Almasa Hotel, New Administrative Capital, Egypt.<\/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:400;\">3Q 2023: Design and supervision contract for Oman\u2019s proposed Musandam Airport to be awarded.<\/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>1Q 2024: Construction of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Agility\/status\/1664177888365535232?cxt=HHwWgICz8Zy-rJguAAAA\" style=\"\">phase 3<\/a><\/span><span style=\"font-weight:400;\"> of Agility\u2019s logistic park in Abidjan, C\u00f4te d'Ivoire to be completed. <\/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>5-6 March (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mromiddleeast.aviationweek.com\/en\/home.html\" style=\"\">MRO Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai 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: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;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 December (Tuesday-Thursday): Middle East Business Aviation, DWC, 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;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Mid-2025: 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 style=\"font-weight:400;\">DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/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;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/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":71390,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-71389","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6bd99343-d0eb-4369-bca2-008b4ac9bd14","teaser":"","photo_url":"https:\/\/ent.news\/2022\/10\/long-road-Egypt-desert-1600px.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>Iraq\u2019s Development Road Project is getting traction - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/iraqs-development-road-project-is-getting-traction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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