{"id":74653,"date":"2023-11-06T03:15:00","date_gmt":"2023-11-06T03:15:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=74653"},"modified":"2025-12-15T13:37:20","modified_gmt":"2025-12-15T13:37:20","slug":"its-pmi-day","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/its-pmi-day\/","title":{"rendered":"It\u2019s PMI day"},"content":{"rendered":"<section id=\"74655\" 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=\"74655\">\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\/11\/06\/today-egypt-to-privatize-airports-pm-says-ksa-russia-extend-oil-supply-cuts\/\">\r\n                            TODAY: Egypt to privatize airports, PM says + KSA, Russia extend oil supply cuts                        <\/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\/11\/06\/today-egypt-to-privatize-airports-pm-says-ksa-russia-extend-oil-supply-cuts\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The UAE, KSA and Qatar remained in expansion due to an increase in new orders and high demand, though Qatar is inching closer to the threshold separating contraction from expansion. Meanwhile, Egypt and Lebanon remained in contraction in October amid supply chain challenges and geopolitical tensions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have everything on this story and more in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>THE BIG LOGISTICS STORY OUTSIDE THE REGION- <\/strong><strong>Maerks slashes 10k jobs<\/strong><strong>:<\/strong> Danish logistics giant <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/about\" style=\"\" rel=\"noopener\">AP Moller-Maersk<\/a> is letting go of some 3.5k staff amid \u201cchallenging market conditions,\u201d the company said in a <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2023\/11\/03\/maersk-q3-financial-results\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes as the industry faces subdued demand and inflationary pressures on their operating expenses, CEO of Maersk Vincent Clerc said. The cost-cutting strategy will push down Maersk\u2019s selling, general, and administrative expenses (SG&A) by USD 600 mn for 2024. The company\u2019s operating income fell 82.5% y-o-y to USD 1.9 bn in 3Q 2024, while revenues 47% y-o-y to 12.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe new normal we are now headed into is one of more subdued macroeconomic outlook<\/strong>, and thus soft volume demands for the coming years, prices back in line with historical levels, inflationary pressures on our cost base, especially from energy cost, and also increased geopolitical uncertainty,\u201d CEO Vincent Clerc said on an investor call. \u201cIf the fourth quarter does not deliver some type of improvements, then I think we're looking at a pretty dire situation in 2024,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>The company\u2019s shares fell 18% on Friday following the announcement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The news got a lot of ink in the foreign press:<\/strong><a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2023\/11\/03\/business\/maersk-layoffs-shipping-boom-bust\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/11\/03\/shipping-giant-maersk-announces-10000-job-cuts-warns-of-volatility.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/shipping-giant-maersk-q3-above-expectation-sees-fy-lower-end-range-2023-11-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/logistics\/maersk-to-cut-more-than-10-000-jobs-as-industry-faces-new-normal-0d95faa1\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/2023\/nov\/03\/maersk-to-cut-10000-jobs-as-shipping-demand-drops\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a73e1033-ee56-461e-89dc-80b82d30d0a1\" style=\"\" rel=\"noopener\">FT<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK-<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/trans-mea.com\/\" style=\"\" rel=\"noopener\">Smart Transport, Logistics Infrastructure & Traffic Fair & Forum for the MEA Region<\/a><\/strong><strong>(TransMEA) kicked off yesterday in Cairo, Egypt<\/strong> and will run until 8 November. The event brings together international and regional industry players, as well as some 350 exhibitors from 20 countries from the railway, metro, monorail, electric transport, roads, bridges, maritime transport, shipping, and logistics sector, to showcase solutions, trends, new products and technologies. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>FROM THE FIRST DAY-<\/strong><strong>The Suez Canal Economic Zone announced plans to launch a<\/strong><strong>digital platform <\/strong><strong>to enhance the efficiency of customs and logistics services <\/strong><strong>next year<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0Sm8kB12zD3sAS5UR53kuwpebfAKG8VaH3Qb6PNHe35pXWfbLZVc9AwqtfD8WCNZLl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a><strong> ALSO- <\/strong><strong>Egypt is planning to offer up tenders for the management and operations of its airports to<\/strong><strong> private firms,<\/strong> Egypt's Prime Minister Moustafa Madbouly said on the sidelines of the TransMea 2023, according to an Egyptian Cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid08RD6tcQa2eLXVsj5V9abKYh8S75KxBHxVAhihz3Bw7DyrohYFWW7TDeM68f92k6Nl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Privatization of the aviation sector is on the agenda for KSA too: <\/strong>Saudi Arabia is also looking to attract more <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a420c4ee-4730-47e6-b34b-eced5c0b777a\" style=\"\" rel=\"noopener\">private firms to its aviation sector,<\/a> and draw them to take over airports, ground handling operations, and air cargo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ Stay tuned for more announcements and agreements from the event, which we will cover in detail throughout the week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF PRIVATIZATION-<\/strong><strong>Turkey has plans to <\/strong><strong>privatize a number of ports, highways, bridges, and hydroelectric power plants and land<\/strong> owned by state-owned <a target=\"_blank\" href=\"https:\/\/www.euas.gov.tr\/en-US\" style=\"\" rel=\"noopener\">Electricity Generation Corporation<\/a> (E\u00dcA\u015e), <a target=\"_blank\" href=\"https:\/\/www.turkishminute.com\/2023\/11\/01\/turkey-privatize-key-infrastructure-finance-minister\/\" style=\"\" rel=\"noopener\">Turkish Minute<\/a> quotes Finance Minister Mehmet Simsek as saying, without specifying the exact assets that will be included in the privatization program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Turkey has been looking into selling the operating rights for its sovereign wealth fund-owned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1d0125d9-53e4-4583-9fb1-f616762099ca\" style=\"\" rel=\"noopener\">Alsancak Port in Izmir<\/a> as part of its push to attract foreign investment. There were ongoing talks in July with GCC countries for the 635k sqm port. This port was previously slated for privatization in 2004, with a consortium of Hutchison Port Holdings, EIB Limas, and Global Yatirim Holding getting the tender for the port; however, the Turkish administrative court <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/turkey-port-cancellation-idINIST00166520080228\" style=\"\" rel=\"noopener\">blocked the tender<\/a> in 2008.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><a id=\"wwtt4\"><\/a> <strong>WATCH THIS SPACE #1-<\/strong><strong>Construction on<\/strong><strong>t<\/strong><strong>he Integrated Economic Zone at Al <\/strong><strong>Dhahirah Governorate <\/strong><strong>(Ezad) is set to begin in 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.omanobserver.om\/article\/1145157\/business\/economy\/work-on-al-dhahirah-economic-zone-to-start-in-2024%5C\" style=\"\" rel=\"noopener\">Oman Daily Observer<\/a> reports. The Saudi Fund for Development had earlier this year <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/oman-observer_oman-saudi-mou-to-support-new-economic-zone-activity-7026780637961334784-u-LL\/?originalSubdomain=qa\" style=\"\" rel=\"noopener\">inked<\/a> an agreement to finance the construction of Ezad\u2019s infrastructure for SAR 1.2 bn. Saudi Arabia and Oman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/bb20cc59-a8e4-4156-b823-c3222808b045\" style=\"\" rel=\"noopener\">previously formed<\/a> a committee to plan for the development of a new integrated economic zone in Dhahirah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE #2-<\/strong><strong>Oman is looking to establish 300 EV charging stations by <\/strong><strong>2025 as well as a green transit corridor linking Sohar Port to oil concessions<\/strong>, Oman News Agency <a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/425140\" style=\"\" rel=\"noopener\">ONA<\/a> reports, citing a Transport Ministry official. The country currently has 100 charging stations and is looking to manufacture electric cars in the Special Economic Zone in Duqm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong>DATA POINT #1-<\/strong><strong>Qatar\u2019s ports saw a 39% y-o-y rise in container <\/strong><strong>transshipment <\/strong><strong>volumes during October<\/strong>, handling 119.4k TEUs, according to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/MwaniQtr\/status\/1719659456194089267\" style=\"\" rel=\"noopener\">statement<\/a>. The ports handled 47% more livestock m-o-m, 21% more building materials, and 8% more ro-ro volumes at Hamad, Doha and Ruwais ports.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>DATA POINT #2-<\/strong><strong>KSA\u2019s Jeddah Islamic Port handled 511.3 TEUs in October<\/strong>, breaking the record for highest monthly container throughput in its history, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MawaniKSA\/posts\/pfbid0GhBrKLU4DUWDWsxSRaQ7qj7Z8FaGRJ6xGEn343vfVAdsR4kpF2rjKJXmSVMkEd4Rl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/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 target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>DISRUPTION WATCH-<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Ukraine says Russian planes dropped explosives on Black Sea shipping lanes <\/strong><strong>last week<\/strong>, though the export corridor continued its operations, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-says-russian-warplanes-drop-explosives-black-sea-shipping-lanes-2023-11-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. After <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e7579b8d-f9db-4def-9a0a-5fa8274ac3d4\" style=\"\" rel=\"noopener\">exiting<\/a> a UN-brokered agreement in July that allowed Ukraine to export grain and other food commodities via its Black Sea ports, Russia has said that it will consider any vessel a potential military target. \u201cThe occupiers are continuing to terrorize the paths of civilian shipping in the Black Sea with tactical aviation, dropping explosive objects into the likely paths of civilian vessel traffic,\u201d Ukraine\u2019s southern military command said.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>IN OUR NECK OF THE WOODS-<\/strong><strong>The US Naval Forces Central Command (NAVCENT) performed a live firing exerc<\/strong><strong>ise <\/strong><strong>using <\/strong><strong>unmanned surface vehicles (USVs) <\/strong>in international waters near the Gulf, according to the <a target=\"_blank\" href=\"https:\/\/www.dvidshub.net\/news\/457005\/exercise-digital-talon-advances-unmanned-lethality-sea\" style=\"\" rel=\"noopener\">Defense Visual Information Distribution Service<\/a>. This marks the first time an exercise of the kind has been conducted in international waters in the Middle East, <a target=\"_blank\" href=\"https:\/\/www.marineinsight.com\/shipping-news\/u-s-navy-fires-missile-from-unmanned-boat-in-the-middle-east-for-the-first-time\/\" style=\"\" rel=\"noopener\">Marine Insight<\/a> reports. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>MARKET WATCH-<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a><strong>KSA + Russia to continue oil cuts through December:<\/strong>Saudi Arabia and Russia will continue their voluntary oil cuts through to the end of December, the <a target=\"_blank\" href=\"https:\/\/spa.gov.sa\/en\/N1991842\" style=\"\" rel=\"noopener\">Saudi Press Agency<\/a> (SPA) and <a target=\"_blank\" href=\"https:\/\/tass.com\/economy\/1702043\" style=\"\" rel=\"noopener\">Russian News Agency<\/a> (Tass) reported. Saudi Arabia will maintain its cuts of 1 mn barrels per day (bpd) and Russia will continue its 300k bpd cuts. The cuts, which were first implemented in July, were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1e845fa7-ca02-41cf-b8d6-26fb30f44dbd\" style=\"\" rel=\"noopener\">extended in October till December 2023<\/a>. The Saudi decision will be reviewed next month to consider whether the cuts should be extended, deepened, or reversed, a source at the Energy Ministry said. The cuts aim to support OPEC+ measures to maintain stability and balance in the oil markets, the Saudi source and Tass explained. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE's Port of Fujairah saw a 1.4% increase in stockpiles of oil products in the <\/strong><strong>week ending 30 October<\/strong>,marking the first increase after a three-week decline, <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/oil\/110123-fujairah-data-oil-product-stocks-reverse-three-week-decline\" style=\"\" rel=\"noopener\">S&P Global<\/a> reported. Some 17 mn barrels made up the port\u2019s inventories as of October 30, up from the previous week\u2019s 16.8 mn barrels. Stocks of residues \u2014 which include heavy distillates \u2014 rose 24.6% to 11 mn barrels during the same period. Middle distillates such as jet fuel and diesel, however, dropped 16.3% y-o-y during the week. Oil product exports excluding fuel oil from Fujairah stood at 635.6k barrels per day in the week starting 26 October, up from 285.7k barrels per day the previous week. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Oil traders are set to pay premiums to ensure 2024 Mideast crude supplies am<\/strong><strong>id<\/strong><strong> growing concerns over supply on the back of Israel\u2019s war on Gaza<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-traders-pay-premiums-secure-2024-mideast-crude-supplies-2023-11-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing trade sources. Last week\u2019s annual Middle East crude agreements witnessed increased prices for the cargoes sold, driven by growing instability in global oil markets. Murban and Oman cargoes were sold at a premium of 30-50 cents a barrel, surpassing their official selling prices, and in line with their operational tolerance \u2014 which is the allowed percentage volume that a buyer or seller can adjust during the loading of the cargo depending on demand and availability.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Abu Dhabi's flagship Murban crude was priced at a premium of 10-20 cents a barrel<\/strong>, while Oman was sold at premiums of 4-5 cents a barrel, for cargo with 0.2% operational tolerance, the sources said.Abu Dhabi light grade Das, with the same operational tolerance level, was traded at premiums between 1-7 cents to its official price, one of the sources said.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\">\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\"><strong>HELP SUPPORT GAZANS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than a mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century. The charities we\u2019re listing below are organizations working on Gaza relief that we think you can trust if you want to make a donation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Egyptian Red Crescent Society<\/strong> is one of the Egypt\u2019s leading providers of humanitarian and emergency medical services. The Egypt Red Crescent <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=844b87250b&e=2a3f919c25\" style=\"\" rel=\"noopener\">accepts donations in EGP online<\/a> and is on Fawry with the service code 99981. You can also donate to the organization through this Banque du Caire account: 49\/403\/30 (EGP) or 1065\/601\/30 (USD \u2014 code: BCAIEGCX030).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Emirates Red Crescent Authority<\/strong> has launched the Tarahum \u2014 For Gaza campaign and is <a target=\"_blank\" href=\"https:\/\/www.emiratesrc.ae\/donate\/Default_en.aspx?prm=PHEALTH\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.emiratesrc.ae\/donate\/Default_en.aspx?prm=PHEALTH\" style=\"\" rel=\"noopener\">accepting donations online<\/a> via What\u2019s App, SMS, Apple Pay, credit card, or bank transfer to ADIB (AE370500000000020000417).<\/p>\n<p style=\"padding-top:12pt;margin:0;padding-left:0;padding-bottom:12pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>#3-<\/strong><strong>The King Salman Humanitarian Aid and Relief Center<\/strong> has launched the <a target=\"_blank\" href=\"https:\/\/sahem.ksrelief.org\/Gaza\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/sahem.ksrelief.org\/Gaza\" style=\"\" rel=\"noopener\">Sahem campaign<\/a> accepting donations via their website, mobile apps on Apple Store and Google Play, or bank transfer to Al Rajhi Bank (SA5580000504608018899998).<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>#4- UNICEF has been on the ground in Gaza since the start of the crisis<\/strong>, providing urgent supplies and aid. You can donate to the agency directly using your card in your local currency <a target=\"_blank\" href=\"https:\/\/help.unicef.org\/donate-to-children\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The folks at Talabat are processing donations for a range of Gaza relief appeals by charities<\/strong> including the Egyptian Food Bank, Misr El Kheir and the Emirates Red Crescent Authority\u2019s Tarahum campaign. You can make the donation via the Talabat app using your credit card.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tafclub.com\/\" style=\"\" rel=\"noopener\">Turkish-Arab Economic Forum 2023<\/a><\/strong><strong> is set to take place on Wednesday, 8 November<\/strong><strong> at the \u00c7\u0131ra\u011fan<\/strong><strong>Palace Kempinski in Istanbul.<\/strong> The event will include networking sessions, and several sessions focused on Turkish-Arab collaborations in several sectors, including trade, according to the forum\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/214.pdf\" style=\"\" rel=\"noopener\">agenda (pdf)<\/a>.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The third Caspian Economic <\/strong><strong>Forum<\/strong><strong> will be held in mid-November in Iran<\/strong>, state-owned <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85274663\/Iran-to-host-key-meeting-of-Caspian-Sea-littoral-states-in-mid-November\" style=\"\" rel=\"noopener\">Islamic Republic News Agency<\/a> reports. The event is set to focus on transportation, joint ventures, oil and gas, finance, banking and technical cooperation in Iran, with Alireza Jahangiri, Iran\u2019s deputy foreign caspian sea affairs minister, calling on economic institutions to attend, IRNA adds. The exact location and dates of the forum have yet to be confirmed.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaiairshow.aero\/dubai-airshow-2023-registration?gclid=Cj0KCQjwhfipBhCqARIsAH9msbm1jmhqBM2pNwcT4P9aAM3UWOqevml2tIsNagbK77f9d6JU0JczlSsaAtWSEALw_wcB\" style=\"\" rel=\"noopener\">Dubai Air Show<\/a><\/strong><strong> will be held from 13-17 November<\/strong> at DWC, at the Dubai Airshow site, in Dubai. The event will feature over 180 aircraft including business jets, drones, commercial airlines, military jets, helicopters, and electric vertical take-off and landing (eVTOL) aircraft. The event will also gather decision makers to discuss the latest trends and challenges across the aviation industry, and how to drive sustainable aviation operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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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=\"74658\" 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=\"74658\">\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\">Purchasing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/non-oil-private-sector-activity-across-gcc-show-positive-signs-of-growth-in-october-while-egypt-lebanon-remain-in-contraction\/\">\r\n                            Non-oil private sector activity across GCC show positive signs of growth in October, while Egypt + Lebanon remain in contraction                        <\/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\/11\/06\/non-oil-private-sector-activity-across-gcc-show-positive-signs-of-growth-in-october-while-egypt-lebanon-remain-in-contraction\/\" 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               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href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/non-oil-private-sector-activity-across-gcc-show-positive-signs-of-growth-in-october-while-egypt-lebanon-remain-in-contraction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/183.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"74659\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/non-oil-private-sector-activity-across-gcc-show-positive-signs-of-growth-in-october-while-egypt-lebanon-remain-in-contraction\/183-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/183.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"183.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/183.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/183.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74658\" class=\"content-area-description single-story post-74658 post type-post status-publish format-standard has-post-thumbnail hentry category-purchasing tag-enterprise-logistics tag-gcc tag-purchasing tag-supply-chains tag-trade tag-war-watch 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\/11\/.ea71b7d6-5719-47ad-aebb-98adbf7c1d5f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How MENA countries\u2019 non-oil private sector performed in October:<\/strong>Purchasing manager indices (PMI) tracking non-energy sectors in UAE, KSA, Qatar, Egypt, and Lebanon told a mixed tale in October. The UAE, KSA and Qatar remained in expansion due to an increase in new orders and high demand, though Qatar is inching closer to the threshold separating contraction from expansion. Meanwhile, Egypt and Lebanon remained in contraction in October amid supply chain challenges and geopolitical tensions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> The all-important 50.0 mark is the threshold separating contraction from growth. Anything over 50 denotes expansion and anything below indicates contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil private sector activity in the UAE signaled expansion due to a strong boost in demand levels in October<\/strong>, according to S&P\u2019s Global UAE <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/180.pdf\" style=\"\" rel=\"noopener\">PMI (pdf<\/a>). The PMI reading came in at 57.7, up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/91f48945-ea91-44a5-855c-7e136fcd28df\" style=\"\" rel=\"noopener\">56.7 in September<\/a> \u2014 its highest level in over four years. The PMI was mostly buoyed by a rise in new orders, which supported increased activity, purchasing and staffing. Strengthened demand also brought new clients, and paved the way for new foreign orders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased demand drove inventory growth: <\/strong>Emirati firms also recorded inventory growth during the month, as they increased their buying in response to high demand, and in turn, cut back on backlogs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the downside, a combination of rising fuel and material costs, and inflationary pressures led to a sharp increase in business costs<\/strong> in October, with firms increasing their selling prices for the first time in a year and a half. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s PMI continued to accelerate for the second month in a row to 58.4<\/strong>, up from 57.2 in September and the highest since June, according to Riyadh Bank Saudi Arabia\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/181.pdf\" style=\"\" rel=\"noopener\">PMI (pdf)<\/a>. This came on the back of an increase in new orders, which also led to an increase in employment levels \u2014 the greatest improvement in 9 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Like in the UAE, higher client orders led to an increase in buying and stocks of purchases<\/strong>, the PMI said, adding that inventory growth was also helped by the decrease of average input lead times. Firms also managed to reduce backlog volumes at the sharpest rate since August 2022, on the back of increased hiring and business-friendly policies, according to the PMI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar\u2019s non-energy private sector continued to inch down in October to 50.8<\/strong>,down from 53.7 in September, with its headline figure dipping below its long-run average of 52.3, according to Qatar Financial Centre <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/198.pdf\" style=\"\" rel=\"noopener\">PMI (pdf)<\/a>. Qatar\u2019s PMI indicated improving business conditions, albeit at the softest rate so far this year, with new orders, output, and employment all expanding in October. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Purchases and supply chains continued to see improvement<\/strong>, with average lead times falling for the eighteenth successive month. Purchasing of inputs expanded for the eighth straight month, but only fractionally, as firms aimed to stabilize their inventory levels, leaving input stocks unchanged since September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt suffered from inflation pressures + low demand, again:<\/strong> Egypt\u2019s contraction fell to a five-month low of 47.9, down from 48.7, last month, indicating a moderate deterioration in the non-oil private sector, according to S&P\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/178.pdf\" style=\"\" rel=\"noopener\">Global PMI (pdf)<\/a>. Inflationary pressures continued to weigh on demand, while firms also faced increased input costs driven by higher material prices and currency weakness.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s new orders plunged in October<\/strong>, with survey respondents highlighting a combination of rising prices, currency weakness and supply problems as affecting demand. Businesses also reported a slight decrease in their inventory levels, a first in three months, as well as slower purchasing activity and increased delivery times amid import challenges. This meant that backlogs continued to increase, but at a softer pace, according to the PMI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Security concerns weighed on Lebanon\u2019s non-oil private sector activity:<\/strong>Lebanon\u2019s PMI inched down to 48.9, from 49.1 in September, amid the fastest decrease in order cancellations since February, according to BlomInvest Bank\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/179.pdf\" style=\"\" rel=\"noopener\">PMI (pdf)<\/a>. Security concerns amid Israel\u2019s ongoing war on Gaza, which subsequently caused export sales, input, and supplier performance to worsen, with order book figures decreasing too. \u201cThese regional tensions created an atmosphere of economic instability, impacting the PMI for October 2023,\u201d BlomInvest Bank general manager Fadi Osseiran commented.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lebanon continued to face increased input and output costs as inflationary pressures rose<\/strong>, while backlogs continued to fall, according to the PMI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The usual suspects\u2019 outlook remained positive, with the addition of Egypt:<\/strong> The UAE\u2019s outlook for business activity remained elevated in October on the back of robust demand expectations, with \u201chigh business confidence levels suggesting that firms do not expect this momentum to lose steam,\u201d Owen commented. KSA also maintained a degree of confidence attributed to higher demand and robust pipelines, though the degree of optimism eased slightly. Qatar\u2019s surveyed companies also remained optimistic for the 12 month outlook. Egypt\u2019s outlook for activity also improved to its highest level in 2023 so far, with 13% of respondents predicting growth in the next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Though firms in Lebanon were not as upbeat:<\/strong> With escalation of the war between Hamas and Israel, Lebanon\u2019s business confidence dipped slightly to a three-month low.<\/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\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/purchasing\/\">PURCHASING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/war-watch\/\">war watch<\/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=\"74660\" 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=\"74660\">\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\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/\">\r\n                            ECO members agree to a new China-Europe transport corridor via Iran                        <\/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\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/\" 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\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/')\">\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\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/\">\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=ECO members agree to a new China-Europe transport corridor via Iran&url=https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/\">\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\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/&title=ECO members agree to a new China-Europe transport corridor via Iran\">\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=ECO+members+agree+to+a+new+China-Europe+transport+corridor+via+Iran+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F06%2Feco-members-agree-to-a-new-china-europe-transport-corridor-via-iran%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\/11\/06\/eco-members-agree-to-a-new-china-europe-transport-corridor-via-iran\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74660\" class=\"content-area-description single-story post-74660 post type-post status-publish format-standard hentry category-projects tag-enterprise-logistics tag-iran tag-projects tag-rail tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.2541a6ee-f726-42e1-aee4-bf867c23f696.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A new transport corridor to connect China to Europ<\/strong><strong>e via Iran gets the greenlight:<\/strong>Iran's Deputy Roads and Urban Development Minister Shahriar Afandizadeh, along with the transport ministers and representatives of the Economic Cooperation Organization (ECO), inked an agreement to establish a new transport corridor from China to Europe via Iran, Turkey, Turkmenistan, and Uzbekistan, Iran\u2019s state-aligned <a target=\"_blank\" href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/11\/02\/2982205\/agreement-signed-on-new-transport-corridor-from-china-to-eu-via-iran\" style=\"\" rel=\"noopener\">Tasnim<\/a> news agency reports. The agreement was inked at the <a target=\"_blank\" href=\"https:\/\/eco.int\/12th-eco-ministerial-meeting-on-transport-to-be-convened-tashkent\/\" style=\"\" rel=\"noopener\">12th meeting of Transport Ministers of the ECO<\/a> in Tashkent, Uzbekistan. The value of the investment and timeline have not been revealed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who are the ECO members?<\/strong> Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan, according to the group\u2019s <a target=\"_blank\" href=\"https:\/\/eco.int\/member-states\/\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The agreement involves the unification of tariffs, transport procedures, and border processes, Tasnim writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What else was on the agenda?<\/strong> The members also discussed the need for financing from the Asian Development Bank for infrastructure projects in the ECO region, completing missing rail and road links, as well as the need to strengthen the Islamabad-Tehran-Istanbul and Almaty-Tehran-Istanbul regional corridors, the news agency added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>The ECO members and China discussed last month reaching an agreement to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/9803084d-fd45-4fe0-abca-e618a91af379\" style=\"\" rel=\"noopener\">create the transport corridor from China to Europe<\/a>. <\/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\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"74662 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"74662\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/74662\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74662\" class=\"content-area-description single-story post-74662 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/959.jpg?ssl=1\"><\/a><\/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<section id=\"74663\" 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=\"74663\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/iran-opens-new-airport-in-kurdistan-region\/\">\r\n                            Iran opens new airport in Kurdistan region                        <\/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\" 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/iran-opens-new-airport-in-kurdistan-region\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/221.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"74664\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/iran-opens-new-airport-in-kurdistan-region\/221-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/221.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"221.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/221.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/221.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74663\" class=\"content-area-description single-story post-74663 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-airport tag-aviation tag-enterprise-logistics tag-iran tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.5e6bcacc-27b1-41eb-a7f5-15ea7284f4cb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Iran has inaugurated the USD 3.9 mn Saqqez Airport in Kurdistan Province<\/strong>, as part of a package of infrastructure and transport projects aimed at boosting cargo transport in the country, reports <a target=\"_blank\" href=\"https:\/\/www.tehrantimes.com\/news\/490882\/Raisi-inaugurates-major-projects-in-Kordestan-Province\" style=\"\" rel=\"noopener\">Tehran Times<\/a>. The projects aim to improve the province\u2019s economic conditions by facilitating passenger and cargo transportation from Western Iran to the center of the country, and reducing the cost of cargo transportation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The airport in Saqqez city extends over an area of 180 hectares, with a terminal area of 2.5k square meters. It is the second airport built in the Kurdistan region of Iran, after Sanandaj International Airport, which is located around 198 km from Saqqez city. The airport\u2019s launch was marked by a ceremonial flight carrying Iranian President Ebrahim Raisi on Friday, according to <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/photo\/85279837\/Iran-president-opens-projects-in-Kordestan\" style=\"\" rel=\"noopener\">IRNA<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In case you missed it:<\/strong> The country also inaugurated the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d62e806c-caac-4f39-b1a3-fd7e1a3764ab\" style=\"\" rel=\"noopener\">Hamedan-Sanandaj Railway<\/a> last week, in a move towards setting up the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2e0b417e-fef6-47bb-9f25-628d52abec79\" style=\"\" rel=\"noopener\">International North-South Transport Corridor (INSTC)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More connectivity coming:<\/strong>President Raisi stressed the government's determination to further connect the country\u2019s railway infrastructure, starting with connecting the Sanandaj rail line with the Bashmaq border with Iraq, which is some 150 km away, according to a <a target=\"_blank\" href=\"https:\/\/president.ir\/en\/147794\" style=\"\" rel=\"noopener\">statement<\/a>.\u201cThe government is determined to connect the country's railway infrastructure to international railway lines,\u201d he added, noting that it aims to complete all of its half-completed projects. <\/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\/airport\/\">Airport<\/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\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"74665\" 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=\"74665\">\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\">Debt Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/afdb-approves-eur-100-mn-risk-participation-trade-finance-scheme-with-moroccos-attijariwafa-bank\/\">\r\n                            AFDB approves EUR 100 mn risk participation trade finance scheme with Morocco\u2019s Attijariwafa bank                        <\/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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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/208.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"208.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/208.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/208.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74665\" class=\"content-area-description single-story post-74665 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-banking tag-debt-watch tag-enterprise-logistics tag-morocco tag-trade tag-trade-finance 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\/11\/.6ab28d5f-887d-4feb-8f4b-6a7058fb64fa.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.afdb.org\/en\" style=\"\" rel=\"noopener\">African Development Bank (AFDB)<\/a><\/strong><strong> has greenlit a EUR <\/strong><strong>100 mn risk<\/strong><strong> participation agreement <\/strong><strong>with Morocco\u2019s<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.attijariwafabank.com.eg\/\" style=\"\" rel=\"noopener\">Attijariwafa bank<\/a><\/strong> to safeguard trade in the continent amid perceived high risk and toughening criteria, according to a <a target=\"_blank\" href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-approves-eu100-million-risk-participation-agreement-attijariwafa-bank-promote-african-trade-65481\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement aims to meet Africa\u2019s increasing demand for trade finance in key sectors, including transport, agriculture, renewable energy, manufacturing, health and telecommunications. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong>The risk sharing scheme will see Attijariwafa bank support Moroccan banks and their SME clients, allowing them easier access to trade financing, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stepping in to replace international banks: <\/strong>International banks are reducing their commitment levels on the continent due to toughening regulatory and compliance criteria, AFDB said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Attijariwafa Bank: <\/strong>The Moroccon-based bank operates in 26 countries globally, which operates subsidiaries focused on a range of financial businesses, including ins., real estate lending, consumer credit, leasing, asset management, stock market intermediation and private banking. <\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade-finance\/\">TRADE FINANCE<\/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=\"74667\" 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=\"74667\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/\">\r\n                            Jordan eyes more investments from UAE, Singapore. PLUS: Bahrain severs ties with Israel, and more from KSA, Morocco, and Lebanon                        <\/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\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/\" 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\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/')\">\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\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/\">\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=Jordan eyes more investments from UAE, Singapore. PLUS: Bahrain severs ties with Israel&url=https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/\">\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\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/&title=Jordan eyes more investments from UAE, Singapore. PLUS: Bahrain severs ties with Israel\">\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=Jordan+eyes+more+investments+from+UAE%2C+Singapore.+PLUS%3A+Bahrain+severs+ties+with+Israel+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F06%2Fjordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel%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\/11\/06\/jordan-eyes-more-investments-from-uae-singapore-plus-bahrain-severs-ties-with-israel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74667\" class=\"content-area-description single-story post-74667 post type-post status-publish format-standard hentry category-diplomacy tag-aviation tag-bahrain tag-diplomacy tag-enterprise-logistics tag-infrastructure tag-investment-watch tag-jordan tag-lebanon tag-libya tag-morocco tag-saudi-arabia tag-trade tag-transport tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.46939342-0492-4851-9908-1577eb3b5861.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE + Jordan sign USD 6 bn MoUs on investment in infrastructure, transport: <\/strong>The UAE\u2019s Investment Minister Mohamed Hassan Alsuwaidi and Jordanian Planning and International Cooperation Minister Zeina Toukan signed several MoUs to enhance investment cooperation in several areas, including transport and infrastructure, Emirati news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/details\/1395303216796\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The MoUs, which include a grant covering development projects in Jordan and a joint investment fund to invest in infrastructure projects in Jordan, are worth some USD 6 bn, Wam said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo\/?fbid=748359007326843&set=a.655927973236614\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What projects?<\/strong> The infrastructure projects include a new road linking the Aqaba Port to Al Karama border crossing with Iraq, <a target=\"_blank\" href=\"https:\/\/jordantimes.com\/news\/local\/jordan-uae-mous-uncover-55-billion-investment-opportunities\" style=\"\" rel=\"noopener\">Jordan Times<\/a> reports, adding that the USD 1 bn project is currently being studied by the UAE. It could also help finance a railway project connecting mining sites with the Aqaba port, the outlet adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They also include operating the new Aqaba multipurpose terminal<\/strong>, as well as the launch of the <a target=\"_blank\" href=\"https:\/\/www.maqta.ae\/en\/news\/2021\/12\/19\/13\/35\/ad-ports-group-and-aqaba-development-corporation-agreement\" style=\"\" rel=\"noopener\">Maqta Ayla advanced ports community system<\/a>, the Jordan Times adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong>Jordan + Singapore look to build on their trade agreement: <\/strong>Jordanian Investment Minister Kholoud Saqqaf virtually met with 66 Singaporean companies online to discuss enhancing the trade agreement between both countries, Jordan News Agency <a target=\"_blank\" href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=54277&lang=en&name=en_news\" style=\"\" rel=\"noopener\">Petra<\/a> reports. Saqqaf highlighted the importance of opening new markets for the two nations' exports, improving trade exchange, as well as attracting Singaporean investments in Jordan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM THE DIPLOSPHERE-<\/strong><\/p>\n<ul>\n<li><strong>Saudi Transport and<\/strong><strong> Logistics Services<\/strong><strong>Minister <\/strong>Saleh Al Jasser <strong>met with<\/strong>his <strong>Egyptian counterpart <\/strong>Kamel Al Wazir to discuss <strong>common interests<\/strong> in<strong> transport <\/strong>and <strong>logistics services<\/strong>. (<a target=\"_blank\" href=\"https:\/\/twitter.com\/SaudiTransport\/status\/1720913172071116919\" style=\"\" rel=\"noopener\">Stat<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/SaudiTransport\/status\/1720913172071116919\" style=\"\" rel=\"noopener\">e<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/SaudiTransport\/status\/1720913172071116919\" style=\"\" rel=\"noopener\">ment<\/a>) <\/li>\n<li><strong>Moroccan Trade and <\/strong><strong>Industry Minister<\/strong> Riad Mazour and <strong>Libya\u2019s Economy and<\/strong><strong> Trade Minister<\/strong> Mohamed Al Hwej discussed their <strong>trade ties<\/strong>,establishing a <strong>shipping line <\/strong>between Tangier and Tripoli, and allowing airlines to operate in Libya to help streamline trade movement and volumes. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/miciengov\/posts\/pfbid02y5xkmk9CAfp21DZuyAhjd1xxbXgKQK14GzxndQiUe1mgKa1Sdb6wVwf8q7VWnYETl\" style=\"\" rel=\"noopener\">Statement<\/a> | <a target=\"_blank\" href=\"https:\/\/libyaherald.com\/2023\/11\/minister-of-economy-and-trade-participates-in-the-opening-of-the-moroccan-libyan-business-forum\/\" style=\"\" rel=\"noopener\">Libya Herald<\/a>) <\/li>\n<li><strong>Indian Food Industries Minister Pashupati Kumar Paras <\/strong>and <strong>Leban<\/strong><strong>ese<\/strong><strong>Caretaker<\/strong><strong> Industry Minister George Boushkian<\/strong> discussed <strong>expanding trade relations<\/strong>, with Boushkian noting the importance of trade in food industries. (<a target=\"_blank\" href=\"https:\/\/www.nna-leb.gov.lb\/en\/economy\/652575\/boushkian-to-india-s-food-industries-minister-we-l\" style=\"\" rel=\"noopener\">NNA<\/a>)<\/li>\n<li><strong>Bahrain has cut off economic relations with <\/strong><strong>Israel<\/strong>, after expelling the Israeli ambassador to Manama and recalling its ambassador to Israel, in light of Israel\u2019s ongoing attacks on Gaza. (<a target=\"_blank\" href=\"https:\/\/www.nuwab.bh\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%8A%D8%A4%D9%83%D8%AF-%D8%A3%D9%86%D9%87-%D8%AA%D9%85-%D9%85%D8%BA%D8%A7%D8%AF%D8%B1%D8%A9-%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lebanon\/\">Lebanon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"74669\" 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=\"74669\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Logistics in the News<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/\">\r\n                            Could China\u2019s monopoly over shipping containers soon end? + These are the countries benefiting from decoupling                        <\/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\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/\" 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\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/')\">\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\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/\">\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=Could China\u2019s monopoly over shipping containers soon end? + These are the countries benefiting from decoupling&url=https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/\">\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\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/&title=Could China\u2019s monopoly over shipping containers soon end? + These are the countries benefiting from decoupling\">\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=Could+China%E2%80%99s+monopoly+over+shipping+containers+soon+end%3F+%2B+These+are+the+countries+benefiting+from+decoupling+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F06%2Fcould-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling%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\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/197.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"74670\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/could-chinas-monopoly-over-shipping-containers-soon-end-these-are-the-countries-benefiting-from-decoupling\/197-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/197.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"197.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/197.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/197.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74669\" class=\"content-area-description single-story post-74669 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics-in-the-news tag-aviation tag-china tag-enterprise-logistics tag-logistics-in-the-news tag-manufacturing tag-trade tag-war-watch 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\/11\/.0baaff67-9843-4029-8bf4-be87664c7dd3.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The shipping industry is increasing efforts to veer away from its reliance on China <\/strong><strong>for steel container production <\/strong>amid tensions in Taiwan, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c32c7b86-7420-4ffb-8d41-163f315ff72a\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. China dominates the container production market, manufacturing some 95% of the world's containers, mainly through three state-owned firms, the FT reports, citing data from maritime consultancy Drewry. This overreliance was evident during the covid-19 pandemic, when Chinese companies were slow to increase production. Some manufacturers and governments have turned to establishing factories in other countries like Vietnam and India to mitigate future geopolitical or trade disruptions, the outlet writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some worry China\u2019s monopoly is too strong:<\/strong> Some individuals in the shipping industry are skeptical as to how much capacity can be shifted to other markets, the outlet writes. China has low steel and labor costs and fast production rates that are difficult to match elsewhere, <a target=\"_blank\" href=\"https:\/\/www.freightos.com\/\" style=\"\" rel=\"noopener\">Freightos<\/a> Asia Pacific managing director Joyce Tai said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-02\/vietnam-poland-mexico-morocco-benefit-from-us-china-tensions\" style=\"\" rel=\"noopener\">Bloomberg Businessweek<\/a><\/strong><strong> has labeled Vietnam, Poland, Mexico, Morocco and<\/strong><strong> Indonesia as <\/strong><strong>connectors of global trade <\/strong>amid wider geopolitical rifts and heightened US-China tensions. The five nations collectively recorded USD 4 tn in economic output in 2022 and look to establish themselves as novel links between the US and China, and between China, Europe and other Asian economies. The countries\u2019 geographic locations, abilities to streamline trade and their focus on strategic manufacturing industries, has positioned them as key trade hubs, while their links to China makes the \u201cdecoupling\u201d between China and the US easier. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH KNOWING-<\/strong><\/p>\n<ul>\n<li><strong>Concerns are growing over the potential impacts of<\/strong><strong> political instability and wars on <\/strong><strong>the Middle East\u2019s aviation sector, <\/strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/aviation\/middle-east-aviation-iata-concerned-over-impact-of-political-instability-wars-qqghy0gr\" style=\"\" rel=\"noopener\">Zawya<\/a> quotes Director General of IATA Willie Walsh as saying. <\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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\/manufacturing\/\">manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/war-watch\/\">war watch<\/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=\"74671\" 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=\"74671\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/\">\r\n                            Kuwait Airways to expand freighter fleet + AD Ports to deploy emissions monitoring solution at its ports. PLUS: More from FedEx, QatarEnergy, Egypt, Iran and the UAE                        <\/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\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/\" 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\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/')\">\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\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/\">\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=Kuwait Airways to expand freighter fleet + AD Ports to deploy emissions monitoring solution at its ports. PLUS: More from FedEx, QatarEnergy, Egypt, and Iran&url=https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/\">\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\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/&title=Kuwait Airways to expand freighter fleet + AD Ports to deploy emissions monitoring solution at its ports. PLUS: More from FedEx, QatarEnergy, Egypt, and Iran\">\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=Kuwait+Airways+to+expand+freighter+fleet+%2B+AD+Ports+to+deploy+emissions+monitoring+solution+at+its+ports.+PLUS%3A+More+from+FedEx%2C+QatarEnergy%2C+Egypt%2C+and+Iran+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2023%2F11%2F06%2Fkuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran%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\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/218.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"74672\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/06\/kuwait-airways-to-expand-freighter-fleet-ad-ports-to-deploy-emissions-monitoring-solution-at-its-ports-plus-more-from-fedex-qatarenergy-egypt-and-iran\/218-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/218.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"218.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/218.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/218.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74671\" class=\"content-area-description single-story post-74671 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-energy tag-enterprise-logistics tag-shipping-maritime tag-storage-warehousing-2 tag-uae tag-zones 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\/11\/.bf5f5db3-0b90-4f8e-9a5f-64f8e9debeed.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AVIATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait Airways is adding five new <\/strong><strong>Airbus 350A and Boeing 777F <\/strong><strong>aircraft to its <\/strong><strong>cargo fleet by 2030<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/world\/middle-east\/kuwait-airways-expands-fleet-5-new-aircraft-to-join-by-2030-n62dv0lt\" style=\"\" rel=\"noopener\">Zawya<\/a> quotes Chairman Abdul Mohsen Al Fagan as telling FlightGlobal. The company has the existing infrastructure for freight operations, but needs to establish a management and sales structure to develop it, Al Fagan said, adding that a new shipping strategy will be determined before the end of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FedEx reduces transit times for shipments from Vietnam to UAE + KSA<\/strong><strong>:<\/strong> FedEX is launching an additional four weekly B767 freighter flights from Ho Chi Minh City, Vietnam to Saudi Arabia and the UAE, totalling nine flights a week, according to a <a target=\"_blank\" href=\"https:\/\/newsroom.fedex.com\/newsroom\/amea\/fedex-launches-new-vietnam-service-that-improves-transit-to-uae-and-saudi-arabia-by-one-day\" style=\"\" rel=\"noopener\">press release<\/a>. The move should expedite transit times by one business day for importers in the two Gulf countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SHIPPING + MARITIME-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports to deploy maritime emissions monitoring solution: <\/strong><a target=\"_blank\" href=\"http:\/\/adportsgroup.com\" style=\"\" rel=\"noopener\">AD Ports Group<\/a> has partnered withdigital maritime platform <a target=\"_blank\" href=\"https:\/\/rightship.com\/\" style=\"\" rel=\"noopener\">RightShip<\/a> to deploy its Maritime Emissions Portal (MEP) at its ports, according to a <a target=\"_blank\" href=\"https:\/\/rightship.com\/insights\/rightship-and-ad-ports-group-partnering-utilise-maritime-emissions-solution\" style=\"\" rel=\"noopener\">press release<\/a>. The system calculates ship emissions within port and terminal facilities and identifies areas where the environmental impact can be reduced, according to the release. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STORAGE + WAREHOUSI<\/strong><strong>NG-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian importers could get some relief on their port storage dues:<\/strong> The Egyptian cabinet has agreed to issue a decision to reduce storage fees at ports for general commodities, bulk and liquid cargo, and containers, for a period of three months, according to a cabinet <a target=\"_blank\" href=\"https:\/\/bit.ly\/3QpmERB\" style=\"\" rel=\"noopener\">statement<\/a>. The ministers also agreed to request the Holding Company for Maritime and Land Transport to extend a three-month renewable storing fees exemption period. The cabinet also called on shipping lines to reduce penalties on clients who are behind on their payments given the \u201ccurrent circumstances,\u201d proposing mechanisms to address the issue, including relocating the cargo outside the port or to another port depending on availability of space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/pages\/home.aspx\" style=\"\" rel=\"noopener\">Qatar Energy<\/a><\/strong><strong> has inked a 27-year liquefied natural gas (LNG) sales and purchase <\/strong><strong>agreement with Chinese petrochemical company <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.sinopecgroup.com\/group\/en\/\" style=\"\" rel=\"noopener\">Sinopec<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/MediaCenter\/Pages\/newsdetails.aspx?ItemId=3779\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement will see the delivery of 3 mn tons of LNG annualy from the North Field South (NFS) expansion project to Sinopec\u2019s terminals in China. Under the terms of the agreement, Qatar Energy will transfer 5% interest to Sinopec via a joint venture company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The two companies <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/MediaCenter\/Pages\/newsdetails.aspx?ItemId=3754\" style=\"\" rel=\"noopener\">previously signed<\/a> a definitive partnership agreement for the North Field East (NFE) expansion project, the largest in LNG history. The agreement marked the entry of Sinopec as a shareholder in one of the NFE joint venture companies that own the NFE project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ZONES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China and Iran have signed an MoU to build a power plant in Iran\u2019s Maku Freezone<\/strong>, which is one of Iran\u2019s largest, <a target=\"_blank\" href=\"https:\/\/www.tehrantimes.com\/news\/490969\/China-inks-MOU-to-build-7m-power-plant-in-Iran-s-Maku-Free-Zone\" style=\"\" rel=\"noopener\">Tehran Times<\/a> reports. Under the MoU, an unnamed Chinese company will invest USD 7 mn to fund a power plant project that will supply electricity to the developing zone\u2019s startups and IT companies. The partnership aligns with Iran\u2019s plans to make Maku a smart city, head of the zone Hossein Garousi said, adding that the zone already has the necessary hardware and software infrastructure to achieve this goal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH KNOWING-<\/strong><\/p>\n<ul>\n<li>The <strong>UAE\u2019s Etihad Airways<\/strong> has launched its third daily Airbus A380 flight between <strong>Abu Dhabi<\/strong> and <strong>London Heathrow, United Kingdom<\/strong>. (<a target=\"_blank\" href=\"https:\/\/newsroom.aviator.aero\/etihad-adds-third-big-bird-a380-service-to-its-london-heathrow-operation\/\" style=\"\" rel=\"noopener\">Aviator<\/a>)<\/li>\n<li>The <strong>UAE\u2019s Road and Transport Authority<\/strong><strong>intends to build 40 <\/strong><strong>air-conditioned rest areas for delivery drivers across Dubai<\/strong> by July 2024. (<a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/transport\/2023\/11\/05\/dubai-to-build-40-air-conditioned-rest-areas-for-delivery-riders\/\" style=\"\" rel=\"noopener\">National News UAE<\/a>)<\/li>\n<li><strong>Turkmenistan Airlines <\/strong>is <strong>resuming flights <\/strong>to <strong>Abu Dhabi, UAE<\/strong> starting 17 November. (<a target=\"_blank\" href=\"https:\/\/en.trend.az\/business\/transport\/3821227.html\" style=\"\" rel=\"noopener\">Trend News Agency<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehousing-2\/\">storage + warehousing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/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=\"74673\" 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\/11\/06\/74673\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-74673\" class=\"content-area-description single-story post-74673 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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>Mid-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85274663\/Iran-to-host-key-meeting-of-Caspian-Sea-littoral-states-in-mid-November\" style=\"\">Third Caspian Economic Forum<\/a><\/span><span style=\"font-weight:400;\">, Iran.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>September-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-post-group-launches-logistics-unleashed-to-promote-robotic-advancements-within-the-logistics-industry-tesaybp8\" style=\"\">Emirates Postal Group\u2019s \u201cLogistics Unleashed\u201d competition<\/a><\/span><span style=\"font-weight:400;\">, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>5-8 November (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/trans-mea.com\/\" style=\"\">TransMEA<\/a><\/span><span style=\"font-weight:400;\">, 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:400;\">8 November (Wednesday): Turkish-Arab Economic Forum 2023, Istanbul.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>9-15 November (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.intrafricantradefair.com\/en\" style=\"\">Intra-African Trade Fair<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>11-13 November (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gcc-turkiye.net\/\" style=\"\">GCC-T\u00fcrkiye Economic Forum<\/a><\/span><span style=\"font-weight:400;\">, \u00c7\u0131ra\u011fan Palace Kempinski Hotel, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>13-17 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiairshow.aero\/dubai-airshow-2023-registration?gclid=Cj0KCQjwnrmlBhDHARIsADJ5b_mjD0l3EWpN08DVVI5axMlTTCljLWH7opPMHw05eUAgTXI2Ke7GOIQaAuQVEALw_wcB\" style=\"\">Dubai Airshow<\/a><\/span><span>, Dubai World Center, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>15-17 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.df-alliance.com\/events\/global-freight-summit\" style=\"\">Global Freight Summit 2023<\/a><\/span><span style=\"font-weight:400;\">, Coca Cola Arena, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>14-15 November (Tuesday-Wednesday): <\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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>, Dubai World Trade Centre, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>17-18 November (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/10\/10\/2969619\/17th-iran-turkmenistan-joint-economic-commission-planned-in-ashgabat-next-month\" style=\"\">17th Iran-Turkmenistan Joint Economic Commission<\/a><\/span><span style=\"font-weight:400;\">, Ashgabat, Turkmenistan. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">21-23 November (Tuesday-Thursday): Touchdown Middle East, Gulf Hotel, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/arabal-2023-conference-to-be-held-in-the-kingdom-of-saudi-arabia-xwmxj8fj\" style=\"\">ARABAL 2023 Conference<\/a><\/span><span style=\"font-weight:400;\">, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>22-23 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gcc-egyptbf.com\" style=\"\">GCC-Egyptian Business Forum<\/a><\/span><span>, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>September-November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-post-group-launches-logistics-unleashed-to-promote-robotic-advancements-within-the-logistics-industry-tesaybp8\" style=\"\">Emirates Postal Group\u2019s \u201cLogistics Unleashed\u201d competition<\/a><\/span><span style=\"font-weight:400;\">, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-6 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ajot.com\/news\/ethihad-cargo-hosts-third-ace-conference-in-the-middle-east\" style=\"\">ACE 23 Air Cargo Conference<\/a><\/span><span style=\"font-weight:400;\">, Yas Island Hotel, Abu Dhabi, UAE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-7 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/10\/17\/2973206\/tehran-to-host-2nd-eurasia-expo-tpoi-chief\" style=\"\">Eurasian Economic Union (EAEU) exhibition<\/a><\/span><span style=\"font-weight:400;\">, Tehran Permanent International Fairgrounds, Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>10-11 December (Sunday-Monday): <\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/foodafrica-expo.com\/?gclid=CjwKCAjw1t2pBhAFEiwA_-A-NJNrdjlyg_Y1uUL8SXzzD8fC1x7vQO6fgMV2EDEWSSL_tt_C7R86ihoC8vQQAvD_BwE\" style=\"\">Food Africa Cairo 2023<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>18-20 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85273735\/Headlines-in-Iranian-English-language-dailies-on-Oct-29\" style=\"\">International Exhibition of Transportation, Logistics, and Related Industries<\/a><\/span><span style=\"font-weight:400;\"> (Iran Trans Expo 2023), Imam Khomeini Grand Prayer Campus (Mossala), Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>2H 2023:<\/span><span style=\"font-weight:400;\">Construction of Neom\u2019s first hydrogen fueling station will kick off.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">2H 2023: Expansion of Baghdad International Airport to begin.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">Before the end of the year: The first phase of the Ain Sokhna port redevelopment will wrap. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2024: Egypt\u2019s Transport Ministry to launch pre-qualification tender for Cairo-Alex freight railway.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1H 2024: Civil Construction subcontracts for construction firms in Oman for implementation of the Abu Dhabi - Suhar rail link to be <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/oman-etihad-rail-project-to-unlock-major-construction-opportunities-pvugtzq8\" style=\"\">announced<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"\">King Salman Energy Park is set to become operational in 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">FEBRUARY 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>13th <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303180396\" style=\"\">World Trade Organization Ministerial Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, South Africa. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-14 March (Tuesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/wcs\/\" style=\"\">IATA World Cargo Symposium<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong International Airport, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>20 March (Wednesday): Construction work scheduled to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/09\/18\/2957794\/iran-russia-finalizing-contract-for-constructing-rasht-astara-railway\" style=\"\">begin<\/a><\/span><span> on the 162 km <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/223b92ed-a104-4975-97a7-f7e0895b479b\" style=\"\">Rasht-Astara Railway<\/a><\/span><span style=\"font-weight:400;\"> in Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>30 April- 2 May(Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aemobforum.com\/\" style=\"\">Autonomous E-mobility Forum<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;\">, Hotel President Wilson, Geneva, Switzerland.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/airports-council-international-asia-pacific_airportsinnovate-airport-riyadh-activity-7100771294358487040-tFm9\/?utm_source=share&utm_medium=member_desktop\" style=\"\">WAGA 2024<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>19-21 June (Wednesday-Friday): World <\/span><span>Freezones<\/span><span> Organization\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303182029\" style=\"\">Annual International Conference and Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Bari, Italy.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6-8 October (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.routesonline.com\/news\/29\/breaking-news\/299662189\/press-release-routes-world-officially-handed-over-to-2024-host-bahrain-international-airport\/\" style=\"\">Routes World 2024<\/a><\/span><span style=\"font-weight:400;\">, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>13-15 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bahraininternationalairshow.com\/\" style=\"\">The Bahrain International Airshow<\/a><\/span><span style=\"font-weight:400;\">, Sakhir Airbase, Bahrain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, DWC, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Sadr Park\u2019s Logistics Center in Riyadh to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">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":"<p>Egypt to privatize its airports | Iran greenlights China-EU corridor via its land | UAE, Jordan ink MoUs for infrastructure investments | Maersk kicks off layoffs<\/p>\n","protected":false},"featured_media":74654,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-74653","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d930d9d8-9722-4be3-80b8-8a42e937b4e5","teaser":"Egypt to privatize its airports | Iran greenlights China-EU corridor via its land | UAE, Jordan ink MoUs for infrastructure investments | Maersk kicks off layoffs","photo_url":"https:\/\/ent.news\/2023\/11\/240.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>It\u2019s PMI day - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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