{"id":77108,"date":"2024-03-04T00:00:00","date_gmt":"2024-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=77108"},"modified":"2025-12-15T14:15:59","modified_gmt":"2025-12-15T14:15:59","slug":"adq-is-considering-a-listing-for-etihad-airways","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/adq-is-considering-a-listing-for-etihad-airways\/","title":{"rendered":"ADQ is considering a listing for Etihad Airways"},"content":{"rendered":"<section id=\"77110\" 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=\"77110\">\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\/2024\/03\/04\/today-adq-is-considering-a-listing-for-etihad-airways-rubymar-sinks-off-the-coast-of-yemen\/\">\r\n                            TODAY: ADQ is considering a listing for Etihad Airways + Rubymar sinks off the coast of Yemen                        <\/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\/2024\/03\/04\/today-adq-is-considering-a-listing-for-etihad-airways-rubymar-sinks-off-the-coast-of-yemen\/\" 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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Shall we?<\/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 class=\"tag-border-left\">WTO WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a wrap on the WTO conference:<\/strong> The World Trade Organization\u2019s Ministerial Conference in Abu Dhabi concluded with the 164 WTO members pledging to strengthen global trade by adopting the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/81.pdf\" style=\"\" rel=\"noopener\">Abu Dhabi Ministerial Declaration (pdf)<\/a>, after negotiations went into overtime. The declaration includes several measures that aim to propel negotiations forward, without providing breakthroughs on several of the topics that were under discussion during the meeting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong>Digital commerce to remain tariff-free: <\/strong>After five days <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20240229-wto-ministers-struggle-to-forge-fish-farm-digital-deals\" style=\"\" rel=\"noopener\">fraught with disagreements<\/a>, negotiators agreed to renew the moratorium on e-commerce tariffs for another two years, exempting businesses from customs on digital goods and transactions, such as emails and film downloads, until the next session of the ministerial conference or 31 March 2026, \u201cwhichever is earlier,\u201d the WTO said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/88.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The agreement was reached after India and South Africa acceded to the tariff suspension, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-01\/wto-set-to-extend-moratorium-on-e-commerce-tariffs-for-two-years\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE had a hand in the tariff waiver extension: <\/strong>After blocking the tariff waiver for the five days of negotiations on the basis of believing it \u201cfavored big tech companies and prevented competitors in developing countries from growing,\u201d Indian Commerce Minister Piyush Goyal dropped New Delhi\u2019s opposition \u201cat the request of\u201d Trade Minister Thani bin Ahmed Al Zeyoudi, Bloomberg explained. India initially stalled the extension to put pressure on negotiators to achieve consensus on subsidies for Indian farmers, the business news information added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE launches platform to foster future negotiations: <\/strong>The UAE will launch the Trade for Development platform to provide key trade negotiators from developing and least developed countries with technical assistance to \u201cenhance their capacity and skills to engage in the complex and highly technical process of trade negotiations,\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1wprzo-uae-announces-new-trade-for-development-platform\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The government will \u201cgift\u201d the platform to eight WTO members: Ethiopia, Mozambique, Antigua and Barbuda, Azerbaijan, Uzbekistan, Comoros, Kyrgyzstan and Barbados.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong>#1- Egypt is set to double the Suez Canal: <\/strong>The Egyptian government has conducted preliminary studies on a project to duplicate the remainder of the Suez Canal to better support two-way traffic, Suez Canal Authority boss Osama Rabie said at the 2024 <a target=\"_blank\" href=\"https:\/\/marlog.aast.edu\/en\/home\" style=\"\" rel=\"noopener\">Marlog conference<\/a> yesterday, adding that the studies have been presented to President Abdel Fattah El Sisi (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=hzOKfVt9RlI\" style=\"\" rel=\"noopener\">watch, runtime: 2:17<\/a>). Engineering consulting companies ACE Moharram Bakhoum and Dar Al Handasah are working on the feasibility studies and identifying what partners the government can work with before the matter is once again raised to the president, Rabie said. \u201cThere are around 80 kms across the Suez Canal that have not yet been duplicated \u2014 50 kms in the north and 30 kms in the south,\u201d Rabie explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Suez Canal will consist of two 192-km channels<\/strong>, Ala Mas\u2019ouleety\u2019s Ahmed Moussa said (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=w5ECX_33hz4\" style=\"\" rel=\"noopener\">watch, runtime: 6:33<\/a>). The project seeks to enhance safety and eliminate choke points like the one that crippled traffic for six days in 2021 when the Ever Given container ship ran aground. It also aims to increase the number of ships crossing the canal and reduce transit time to about nine hours, Moussa said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- <\/strong><strong>Egypt\u2019s Bashtil railway station in Giza is 95% complete<\/strong>, project manager Hussein Shahata told <a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/NewsContentMulti\/507084\/Multimedia.aspx\" style=\"\" rel=\"noopener\">Al Ahram<\/a>. The 239k square meter new station will include a 44k sqm investment zone and will be able to accommodate 250k passengers a day. Strategically located between Cairo\u2019s Ramses and Giza stations, the project is intended to relieve congestion at Ramses station and straddles strategic roadways and railway intersections, the official added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong>#2- Germany\u2019s MAN Energy Solutions plans to deliver <\/strong><strong>and install its first-ever ammonia-fuelled engine on a new vessel in Japan by the end of the year<\/strong>, CEO Uwe Lauber told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/man-energy-solutions-offer-ammonia-fuelled-ship-engines-after-2027-2024-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. Trials on the ammonia-fuelled ship will take a year or two and bunkering infrastructure and safety standards have yet to be devised, Lauber added. The company will begin to offer ammonia-powered engines to clients in 2027. The shipping industry accounts for nearly 3% of the world's carbon dioxide emissions, the newswire notes, and ammonia is one of several alternative fuels the industry is exploring. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Iraq could soon amend its federal budget to pay recovery and transit fees to oil <\/strong><strong>companies in a move to resume crude oil exports via a pipeline to Turkey<\/strong>, Iraq\u2019s top diplomat Faud Hussein told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-02\/iraq-has-a-plan-to-get-oil-exports-flowing-again-on-key-pipeline\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Saturday. Talks are currently underway between oil companies, Iraq\u2019s federal government in Baghdad, and the partially autonomous Kurdistan Regional Government (KRG). Flows across the pipeline were halted by Turkey in March 2023 after an arbitration court ordered it to pay Baghdad USD 1.5 bn in damages for moving oil without the approval of Iraq\u2019s federal government. The halt to operations across the pipeline have cost Iraq some USD 7 bn in lost revenues over the past year, the outlet said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not so, APIKUR says:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.apikur.uk\/\" style=\"\" rel=\"noopener\">Association of the Petroleum Industry of Kurdistan<\/a> (APIKUR), which represent companies working in oil production in the semi-autonomous province of Kurdistan, have denied claims by Iraqi officials that an agreement on restarting the pipeline was close at hand, according to a <a target=\"_blank\" href=\"https:\/\/www.apikur.uk\/publications\/apikur-denies-government-of-iraq-claims-of-a-deal-to-resume-oil-exports-from-iraq-s-kurdistan-region\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. Recent negotiations in January which involved Iraq\u2019s federal government, KRG, and oil players did not see significant progress, APIKUR said. Late October 2023 also saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a7f69c9c-2d1c-4baa-b79a-21103a80a053\" style=\"\" rel=\"noopener\">claims and counterclaims<\/a> from Iraqi and Turkish officials giving mixed signals on preparedness for a continuation of exports via the pipeline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Boeing can\u2019t catch a break:<\/strong> Emirates President Tim Clark has called for reform at Boeing as pressure piles up on the US planemaker following a scathing review by US regulator Federal Aviation Administration (FAA), <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/emirates-president-doubtful-if-boeing-can-deliver-aircraft-by-end-2025-2024-02-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. Tim Clark also hinted at the need for changes in Boeing\u2019s leadership, \u201cWhen you change the governance model, it invariably involves changing the people around the old governance model,\u201d he reportedly told journalists. The major airline executive also hinted that deliveries of the 777X, for which Emirates is the largest buyer, may be delayed into late 2025 or into 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The FAA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dc5dc82f-8b31-4dec-a0e9-254e48e9f5ec\" style=\"\" rel=\"noopener\">cleared<\/a> Boeing\u2019s 737 MAX 9 aircraft to return to service early last month, following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">mid-flight panel blow out<\/a> incident that saw the fleet grounded in January. The US regulator also gave Boeing a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/faa-tells-boeing-come-up-with-plan-90-days-fix-quality-issues-2024-02-28\/\" style=\"\" rel=\"noopener\">90-day deadline<\/a> last week to rework its quality controls. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER NEWS- <\/strong><strong>Emirates Group\u2019s air freight subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.skycargo.com\/\" style=\"\" rel=\"noopener\">Emirates SkyCargo<\/a><\/strong><strong> anticipates an 8% <\/strong><strong>uptick <\/strong><strong>in operational growth in 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1wprtt-emirates-skycargo-expecting-operational-growth\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday citing statements by divisional senior Vice-President of Emirates SkyCargo Nabil Sultan. The UAE\u2019s cargo sector has seen consistent growth of 20 to 25% a year, on the back of sound infrastructure and connectivity between sea and air ports, Sultan also said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>#5- <\/strong><strong>UAE budget carrier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.airarabia.com\/en?gad_source=1&gclid=Cj0KCQiA84CvBhCaARIsAMkAvkJ4VO01czM0z5d4JWBBBkyL6GxsHtomvpGAMqenYaY5PsXuKNPk73EaAjXCEALw_wcB&gclsrc=aw.ds\" style=\"\" rel=\"noopener\">Air Arabia<\/a><\/strong><strong> is set to add eight aircraft to its fleet in 2024,<\/strong> the airline\u2019s CEO Adel Ali told CNBC Arabia in an interview (<a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/120161\/2024\/2\/28\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%B3%D9%86%D8%B6%D9%85-8-%D8%B7%D8%A7%D8%A6%D8%B1%D8%A7%D8%AA-%D8%A5%D8%B6%D8%A7%D9%81%D9%8A%D9%87-%D9%84%D8%A3%D8%B3%D8%B7%D9%88%D9%84%D9%86%D8%A7-%D8%AE%D9%84%D8%A7%D9%84-2024?searchVal=%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9+%D9%84%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86\" style=\"\" rel=\"noopener\">watch: runtime: 6:01<\/a>). 15 aircraft are set to be delivered in 2025 with deliveries subsequently ramping up to 20 aircraft a year to fulfill a 120-aircraft order book, Ali said.The carrier expects to add new routes this year and to expand operations out of its Morocco hub in Rabat after sending three additional aircraft to that location. Air Arabia also does not plan to borrow to fund its growth plans, with the company seeing sufficient liquidity, but the carrier may resort to lending from 2025 onwards, Ali also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Hadi Al Hammam in the hot seat:<\/strong>KSA marine service contactor Hadi H Al Hammam Establishment has been accused of withholding pay from seafarers working on eight different company-owned vessels,with seafarers seeing delays of as much as five months in some cases, according to a Thursday <a target=\"_blank\" href=\"https:\/\/www.itfglobal.org\/en\/news\/saudi-ship-owner-morally-bankrupt-bahrain-maritime-authorities-look-other-way\" style=\"\" rel=\"noopener\">report<\/a> by UK-based labor union the <a target=\"_blank\" href=\"https:\/\/www.itfglobal.org\/en\" style=\"\" rel=\"noopener\">International Transport Workers\u2019 Federation<\/a> (ITF). The ITF has added Al Hammam to its Seafarers\u2019 Breach of Rights Index, which tracks organizations that are accused of unfair treatment towards seafarers they employ. Many of Al Hammam\u2019s vessels are Bahrain-flagged, and the ITF has also levied accusations of complacency towards Bahrain for failing to take action when informed of the violations. Hadi Al Hammam counts Saudi Aramco among its list of clients, the ITF also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- CBAM faces early challenges: <\/strong>The European Union's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\" style=\"\" rel=\"noopener\">carbon border adjustment<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\" style=\"\" rel=\"noopener\">mechanism (CBAM)<\/a> \u2014 set to tax CO2-heavy products from 2026 \u2014 is facing its first administrative hurdles with only a small number of companies able to successfully meet the early reporting deadline for carbon-intensive imports, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/92b56c0b-663e-4820-90b1-533f1f36f08b\" style=\"\" rel=\"noopener\">The Financial Times<\/a> wrote on Friday. Nearly 13k reports were submitted by the end of February, primarily concerning imports from China. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Low compliance rates:<\/strong> Less than 10% of German companies and 11% of Swedish companies were able to meet the deadline for reporting on their imports, the FT adds. EU officials stated that the issue is due to the measures being nascent and the ongoing transitional period, adding that proposals are underway to simplify the system. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are some vocal critics: <\/strong>Green trade rules are \u201cbiased\u201d against developing nations, India\u2019s Commerce Minister Piyush Goyal told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/51dc962a-6cc0-49ad-b941-0e0942216d63\" style=\"\" rel=\"noopener\">Financial Times<\/a> on Thursday, referring to CBAM. Goyal said trade and the environment \u201care two separate issues,\u201d stating that the relevant UN institutions \u201cshould be respected\u201d and \u201callowed to do their job\u201d when it comes to addressing climate change. \u201cBefore we add new environmental issues, let\u2019s first sort out who is responsible for the environmental degradation,\u201d Goyal said, adding that India, which accounts for 17% of the world\u2019s population, produces only 3% of the world\u2019s emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Saudi Arabia will extend voluntary oil cuts until June 2024 in a bid to boost prices<\/strong>, an unnamed Energy Ministry source told <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2058035\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> yesterday. The source said Saudi would extend its voluntary oil curbs of 1 mn barrels per day (bpd) applied from July last year to June 2024, maintaining production at 9 mn bpd. The move was agreed with several OPEC+ countries, the source said, adding that the voluntary cuts would be scaled back gradually depending on market conditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia deepens cuts:<\/strong> Russia plans to slash output by an additional 471k bpd until June, according to a <a target=\"_blank\" href=\"http:\/\/government.ru\/en\/news\/51043\/\" style=\"\" rel=\"noopener\">statement<\/a> by Russia\u2019s Deputy Prime Minister Alexander Novak. It will lower output by 350k bpd in April, 400k bpd in May and 471k bpd in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The extension-line up:<\/strong> Other OPEC+ members announcing the extension of cuts include Iraq, UAE, and Kuwait, including to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7305.htm\" style=\"\" rel=\"noopener\">statement by OPEC<\/a>. It said the extension aims to support and balance oil markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Baltic index hits 2-month high<\/strong><strong>:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up 4.4% at 2203 points on Friday, its highest since 19 December and marking a more than a two-month high, as improved rates across the board edged up the index, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-logs-weekly-gain-on-strong-vessel-rates\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The index was also up 18% w-o-w, the newswire said. The capesize segment climbed 6.3% to 3977 points, bringing it to an eleven-week high, while panamax also increased 8% to 1723 points. The smaller supramax segment saw a 10 point increase to 1267 points, the newswire said.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Saudi Arabia\u2019s trade balance declined 36.2% <\/strong><strong>y-o-y<\/strong><strong> to SAR 97 bn in Q4 2023,<\/strong> according to 4Q 2023 <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/128.pdf\" style=\"\" rel=\"noopener\">trade figures (pdf)<\/a> published by KSA\u2019s General Authority for Statistics. Overall merchandise exports dropped 14.4% y-o-y to SAR 297.9 bn in 4Q 2023, while merchandise imports inched up 2.8% y-o-y to SAR 201.4 bn during the same period. The fall in merchandise exports was mostly attributed to a 17.8% y-o-y drop in oil exports to SAR 226.8 bn, the report said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mwani.com.qa\/English\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Mwani Qatar<\/a><\/strong><strong>handled 111.3k TEU in February, up 8% m-o-m, <\/strong>the port operator <a target=\"_blank\" href=\"https:\/\/twitter.com\/MwaniQtr\/status\/1763567085060296949\" style=\"\" rel=\"noopener\">said<\/a> Friday on X. The month also saw Mwani Qatar\u2019s ports process 169.2k tons of general bulk and cargo, up 186% from the previous month, 7.16k heads of livestock, 127% higher than the previous month, and 7.16k Ro-Ro units, 18% higher than the previous months. Ships calling at Mwani Qatar\u2019s ports in February came in at 198 vessels, down 19 vessels m-o-m. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.anp.org.ma\/en\/\" style=\"\" rel=\"noopener\">Morocco\u2019s National Ports Agency<\/a><\/strong><strong> saw a 20% <\/strong><strong>y-o-y<\/strong><strong> boost in port traffic <\/strong><strong>revenues to MAD 2.5 bn in 2023<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/82.pdf\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The increase in revenues was driven by improvements in product offerings and operational strategies, the statement said. Moroccan ports handled 88.4 mn tons during the period, up 1.4% y-o-y. Total combined revenues from all subsidiaries, divisions and affiliates totaled to MAD 2.8 bn, surging 19.6% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Tunisia\u2019s commercial traffic at maritime ports bumped up 2% <\/strong><strong>y-o-y<\/strong><strong> to 29.4 mn <\/strong><strong>tons in 2023,<\/strong> according to a Wednesday <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Ministere.Du.Transport.Logistique\/posts\/pfbid0S39y6ttZbTjgG6pdRRKGgTZHiTzvnprrsHpDwFLyGiyb35HCkM5bYexcrjuVD8xnl?locale=ar_AR\" style=\"\" rel=\"noopener\">statement<\/a>. The period saw a 17% y-o-y boost in liquid bulk traffic to 10.5 mn tonnes, primarily driven by a 19% surge in fuel transportation. General cargo volumes declined 11% y-o-y to 8 mn tons, while solid bulk traffic saw a slight 0.1 mn ton uptick to 10.8 mn tons in 2023, the statement said. <\/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>CIRCLE YOUR CALENDAR-<\/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>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mromiddleeast.aviationweek.com\/en\/home.html\" style=\"\" rel=\"noopener\">MRO Middle East<\/a><\/strong><strong> on Tuesday, 5 March and Wednesday, 6 <\/strong><strong>March<\/strong> in Dubai. The two-day event will bring together key decision makers from airlines, MROs, OEMs, lessors, and suppliers spanning all aspects of the airline supply chain. <\/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 will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.itp.events\/LogisticsMiddleEastAwards\" style=\"\" rel=\"noopener\">The Logistics Middle East Award<\/a><\/strong><strong> on Wednesday, 6 March<\/strong> in Dubai. The awards ceremony brings together industry experts to celebrate the sector\u2019s biggest accomplishments over the previous 12 months.The deadline for submitting nominations is Friday, 19 January.<\/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 will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-mobility-week\/\" style=\"\" rel=\"noopener\">Abu Dhabi Mobility Week<\/a><\/strong><strong> from Wednesday, 24 April to Wednesday, 1 <\/strong><strong>May <\/strong>in Abu Dhabi. The event, organized by <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/department-of-municipalities-and-transport\/\" style=\"\" rel=\"noopener\">The Department of Municipalities and Transport \u2013 Abu Dhabi (DMT)<\/a>, will feature announcements, forums, and introduce a mobility strategy for the emirate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host a special <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">World Economic Forum<\/a><\/strong><strong> event fr<\/strong><strong>om Sunday, 28 April through to Monday, 29 April in Riyadh<\/strong>. The event will focus on global collaboration and energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the 23rd edition of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theairportshow.com\/\" style=\"\" rel=\"noopener\">Airport Show<\/a><\/strong><strong> from Tuesday, 14 May through to <\/strong><strong>Thursday, 16 May<\/strong> in Dubai. The 23rd Airport Show will see representation from airport suppliers, airport service providers, aviation executives, and regional decision makers. The event will highlight current innovations and new technologies, while emphasizing this year\u2019s \"Sustainability and Innovation,\" theme. <\/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 will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/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\/egypt\/\">Egypt<\/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> 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77114\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/adq-is-considering-a-listing-for-etihad-airways\/2109-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2109.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77113\" class=\"content-area-description single-story post-77113 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-aviation tag-etihad-airways tag-ipo-watch 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\/2024\/3\/.05827d25-56e1-4139-84fa-b5de71b2a3c0.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi<\/strong><strong> sovereign wealth fund <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adq.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Development Holding Company<\/a><\/strong><strong>(ADQ) is in talks with banks for a possible listing of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-gb\/\" style=\"\" rel=\"noopener\">Etihad Airways<\/a><\/strong><strong>,<\/strong> with a move possibly taking place as early as this year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-01\/adq-said-to-explore-etihad-listing-in-first-for-gulf-hub-carrier\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing sources with knowledge of the matter. ADQ is weighing plans for a traditional IPO or a direct listing, with the size up for grabs and timing also under debate. A listing of Etihad would represent the first privatization of a major GCC-based legacy airline and comes in line with moves by the UAE to boost its stock market and develop its non-oil economy, Bloomberg added. Etihad and ADQ spokespersons have refrained from issuing a comment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Etihad\u2019s ownership was shifted from <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/supreme-council-for-financial-and-economic\/\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Supreme Council for Financial and Economic Affairs<\/a> to ADQ in 2022. The airline has been benefitting from a rebound in passenger traffic post-pandemic and reported record earnings in H1 2022, the last time the company publicly revealed its financial performance, Bloomberg said. Etihad has undertaken a costly fleet expansion plan in a bid to narrow the gap with local players <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/uk\/english\/book\/?gad_source=1&gclid=EAIaIQobChMI0szr5e3XhAMVE5lQBh2xwA6DEAAYASAAEgJTjPD_BwE&gclsrc=aw.ds\" style=\"\" rel=\"noopener\">Emirates<\/a> and <a target=\"_blank\" href=\"https:\/\/www.qatarairways.com\/en-gb\/homepage.html\" style=\"\" rel=\"noopener\">Qatar Airways<\/a>, but has struggled to close the distance with its longer-established regional rivals, the outlet also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional aviation players are also looking at IPOs:<\/strong> Etihad\u2019s Dubai-based rival Emirates considered an IPO in 2021, Bloomberg added. Saudi low cost carrier Flynas has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/188c027e-592b-434d-bfb2-b7e356d52cf2\" style=\"\" rel=\"noopener\">hired<\/a> Goldman Sachs, Morgan Stanley, and Saudi Fransi Capital for an upcoming IPO, with plans to go public as soon as next year. <\/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\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"77115\" 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=\"77115\">\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\">Disruption Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/rubymar-sinks-as-houthis-vow-to-continue-to-sink-more-british-ships\/\">\r\n                            Rubymar sinks as Houthis vow to continue to sink more British ships                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/rubymar-sinks-as-houthis-vow-to-continue-to-sink-more-british-ships\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This marks the first time a vessel targeted by Houthis has sank, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/freighter-rubymar-has-sunk-red-sea-yemen-internationally-recognised-government-2024-03-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happens now? <\/strong>The sinking is an environmental catastrophe on a level Yemen and the region have never experienced before, Reuters reported, quoting Yemen's Foreign Minister Ahmed Awad bin Mubarak. A release of thousands of tons of fertilizer poses a serious threat to marine life due to an influx of nutrients stimulating excessive algae growth and consuming vast amounts of oxygen, University of Jordan\u2019s Marine Science Station director Ali Al Sawalmih told the newswire. The sunken ship also poses a subsurface impact risk to ships transiting in the waterway, US Central Command said on <a target=\"_blank\" href=\"https:\/\/twitter.com\/CENTCOM\/status\/1764124845212680639?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">X<\/a> yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could the Rubymar have been saved?<\/strong> Shipbroker Blue Fleet Group\u2019s requests to ports in Africa, KSA, Oman, and the UAE for aid in salvaging the vessels were turned down or ignored, with the shipbroker attributing the continuing Houthi threat as driving regional ports\u2019 lack of willingness to engage, <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/shipping\/030324-freight-rates-on-notice-after-rubymar-sinks-first-ship-casualty-of-red-sea-crisis\" style=\"\" rel=\"noopener\">S&P Global<\/a> reported. \u201cNo one came to assist in salvaging the ship probably because they feared for their safety if they did anything, as the Houthis are very unpredictable,\u201d the outlet cited an unnamed regional official as saying <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yemen\u2019s Houthis have vowed to continue sinking British vessels,<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-say-they-will-continue-sinking-british-ships-2024-03-03\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported yesterday citing a <a target=\"_blank\" href=\"https:\/\/twitter.com\/hussinalezzi5\/status\/1764241726967775651\" style=\"\" rel=\"noopener\">post<\/a> on X by the Iranian-backed groups deputy foreign minister Hussein Al Ezzi. \u201cYemen will continue to sink more British ships, and any repercussions or other damages will be added to Britain\u2019s bill,\u201d Al Ezzi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Houthis are blaming US and UK naval vessels in the Red Sea for a reported <\/strong><strong>\u201cglitch\u201d in undersea communication cables,<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/yemens-houthis-blame-uk-us-glitch-red-sea-undersea-cables-2024-03-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Saturday, citing statements on Houthi-aligned Saba news agency. \u201cAny glitch in these cables as a result of the militarization of the Red Sea by U.S. and British naval vessels represents a serious threat to the information security and economic and social stability for all countries of the world,\u201d the Houthi statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Grain transit through the Suez Canal plummeted to 2.6 mn tons in February<\/strong><strong>, <\/strong>down from 5.3 mn tons in the same month last year, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/only-grain-ships-black-sea-iran-still-crossing-red-sea-analysts-say-2024-03-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing Kpler lead agricultural commodities analyst Ishan Banu. Houthi attacks have seen almost all grain shipments shirking the Red Sea route, with the notable exception of shipments originating from the Black Sea or bound for Iran which continue to transit the Red Sea, Banu also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of Suez: <\/strong>The Suez Canal has lost over USD 700 mn in revenue since Houthi-led attacks on shipping began, compared to the previous period last year, Asharq Business <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1763140150224158743\" style=\"\" rel=\"noopener\">posted<\/a> on X on Friday, citing Bloomberg Intelligence figures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Red Sea disruptions have highlighted the need for the development of new trade <\/strong><strong>routes,<\/strong> and investments to rework logistics connections and bolster supply chains, UAE Economy Minister Abdulla bin Touq told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2024\/02\/29\/red-sea-crisis-highlights-need-for-further-trade-routes-uae-minister-says\/\" style=\"\" rel=\"noopener\">the National<\/a> on Thursday. Investments to reshore production centers and develop alternative trade routes can boost the UAE\u2019s national economy, particularly if the US Federal Reserve moves to decrease interest rates, a move that would boost investor outlook and increase the capital available for investments, bin Touq said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile overland Saudi cargo routes are gaining momentum<\/strong><strong>,<\/strong> as GCC-based shippers contend with \u2018Ramadan rush,\u2019 and look to land routes via KSA as an alternative to costly feedering, <a target=\"_blank\" href=\"https:\/\/www.joc.com\/article\/overland-saudi-container-transits-gain-traction-red-sea-diversions-continue_20240301.html\" style=\"\" rel=\"noopener\">S&P Journal of Commerce<\/a> reported on Friday. A spike in spot rates is also making trucking between Dammam and Jeddah more competitive, and renewing hopes for a long-awaiting \u201cLandbridge\u201d project which would see Dammam and Jeddah linked by rail, S&P writes. The uptick in volumes has also seen congestion at the UAE-KSA border, in addition to a 27% hike in overland trucking rates, the outlet also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could KSA ports steal the spotlight from Jebel Ali?<\/strong> Most goods that transit via UAE\u2019s Jebel Ali are already on their way to Saudi Arabia, Riyadh-based freight forwarder Hashim Mak told S&P. Improvements to operations at the Kingdom\u2019s ports could see shippers bypassing Jebel Ali altogether, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><strong>F<\/strong><strong>rance\u2019s CMA CGM will resume Red Sea transits on a \u201ccase-by-case basis,\u201d <\/strong>after reevaluating the security situation in the southern Red Sea, according to a services <a target=\"_blank\" href=\"https:\/\/www.cma-cgm.com\/news\/4630\/cma-cgm-operations-in-the-red-sea-update\" style=\"\" rel=\"noopener\">update<\/a> released last week. The situation will be assessed closely prior to each vessel\u2019s transit, while all other vessels will continue to be rerouted around the Cape of Good Hope, the update said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R<\/strong><strong>ussia is diverting China-bound liquified natural gas (LNG) cargoes around the <\/strong><strong>Cape of Good Hope, <\/strong><a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/russia-diverts-lng-supplies-for-asia-around-africa-to-avoid-red-sea-lseg-data-shows\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week citing LSEG tracking data. The longer route around Africa adds some 10 days to journeys and exacerbates a tanker shortage that Russia is facing due to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a12302ac-dd22-4990-a94d-e92662bdc5b6\" style=\"\" rel=\"noopener\">US sanctions<\/a>. LNG exporter Novatek relies on the Suez Canal route to ship supplies to Asia in winter months which see the Northern Sea Route closed, however, Russia is planning to open the route year-round, the newswire said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN DEFENSE NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An Italian naval vessel, dubbed Duilio, downed a drone which was supporting it in <\/strong><strong>the Red Sea, <\/strong>Reuters reported citing Italian defense ministry statements. \u201cThe drone, with similar characteristics to those already used in previous attacks, was about 6 km (3.73 miles) from the Italian ship, flying towards it,\u201d Italy\u2019s defense ministry said. Italy is participating in Eunavfor Aspides, an EU naval mission <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5a54c1a9-21be-43a8-a719-110ba32ea936\" style=\"\" rel=\"noopener\">kicked off last month<\/a> to safeguard shipping in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A G<\/strong><strong>erman navy frigate, dubbed Hessen, and deployed to the Red Sea as part of <\/strong><strong>E<\/strong><strong>uronavApsides<\/strong><strong>,<\/strong><strong> downed two drones over the Red Sea on Tuesday, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/german-warship-part-eu-red-sea-mission-shoots-down-two-drones-2024-02-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Wednesday citing statements by German officials. The warship shot down both drones within 20 minutes of their being launched, the newswire said citing a defense ministry spokesperson. The same vessel had also tracked a suspicious drone on Monday but was unable to shoot it down, the spokesperson also said. <\/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\/cma-cgm\/\">CMA CGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/disruption-watch\/\">DISRUPTION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/houthi\/\">Houthi<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77117 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=\"77117\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/77117\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77117\" class=\"content-area-description single-story post-77117 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\/12\/425.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=\"77118\" 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=\"77118\">\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\">A MESSAGE FROM TRANSMAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/\">\r\n                            Navigating choppy waters: building resilience in global supply chains                        <\/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\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/\" 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\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/')\">\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\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/\">\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=Navigating choppy waters: building resilience in global supply chains&url=https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/\">\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\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/&title=Navigating choppy waters: building resilience in global supply chains\">\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=Navigating+choppy+waters%3A+building+resilience+in+global+supply+chains+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F03%2F04%2Fnavigating-choppy-waters-building-resilience-in-global-supply-chains%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\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/392.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77119\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/navigating-choppy-waters-building-resilience-in-global-supply-chains\/392-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/392.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"392.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/392.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/392.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77118\" class=\"content-area-description single-story post-77118 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-transmar tag-shipping-maritime tag-transmar 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\/2024\/3\/.6b6c6b7c-d9be-4330-a8d1-ed02ce13c25c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 2024 we once again find ourselves amid geopolitical turmoil and consequently supply <\/strong><strong>chain snags. <\/strong>The mantra of the year seems to be \u201cexpect the unexpected,\u201d and nowhere is this more evident than in the recent Red Sea disruptions plaguing shipping globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The assaults on commercial vessels by Yemen's Houthis have transformed a once-thriving waterway that facilitates 12% of global trade into a chokepoint of uncertainty. This disruption serves as a stark reminder of the fragility inherent in our interconnected global trading network \u2014 a network that has weathered the COVID-19 pandemic in 2020 and the Suez Canal blockage by the container vessel Evergiven the next year to then find itself battered once again in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The impact of the disruption has been severe. <\/strong>The Far East trade route to the Red Sea, a crucial artery connecting Asia to Europe via the Mediterranean, has been particularly hard hit. Major container liners (MLOs) have been forced to reroute their vessels around the Cape of Good Hope, adding at least 14 days to transit times. As a result, freight rates on these key routes have skyrocketed by a staggering 400% since December 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">For shippers locked into contracts with these MLOs, the situation is dire. Not only are they grappling with crippling delays to their cargo, but services they once relied on have disappeared overnight. In a frantic bid to salvage their supply chains, importers and exporters alike are scrambling for alternatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How can the situation be mitigated? <\/strong>Diversification is the key to resilience. Companies must embrace agility as a strategic imperative, so that they can quickly adapt to the ever-shifting geopolitical landscape, economic realities, and unforeseen disruptions. While consolidation may offer cost efficiencies when things are relatively calm, it also breeds vulnerability in times of crisis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The current upheaval underscores the need for a diversified supplier base. <\/strong>Relying on a limited number of logistics partners and\/or shipping lines leaves companies dangerously exposed to systemic shocks. By spreading their risk across multiple providers, firms can create a buffer against disruption, mitigating the overall impact on their supply chains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Specialized niche carriers can mitigate risk during times of volatility. <\/strong>These smaller, more agile players, rooted in the regions they serve, offer a level of resilience that their larger counterparts cannot match. In addition to having strong local know-how, they also have higher tolerance for regional disruptions and can provide a lifeline in times of crisis, bolstering the strength of supply chains where it matters most.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The shift towards regional autonomy is also gaining momentum<\/strong>, as companies recognize the importance of tailoring their supply chains to local conditions. The ability to deviate from global contracts and select suppliers based on regional criteria is emerging as a competitive advantage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Building resilience is not just about weathering the storm, it's about thriving in its wake. <\/strong>By embracing agility, diversification, and regional autonomy, companies can chart a course through the choppy waters of 2024, emerging stronger and more resilient on the other side.<\/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\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/transmar\/\">Transmar<\/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=\"77120\" 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=\"77120\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/\">\r\n                            Qatar, Egypt to boost investment cooperation                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Qatar, Egypt to boost investment cooperation&url=https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/&title=Qatar, Egypt to boost investment cooperation\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Qatar%2C+Egypt+to+boost+investment+cooperation+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F03%2F04%2Fqatar-egypt-to-boost-investment-cooperation%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/130.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77121\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/qatar-egypt-to-boost-investment-cooperation\/130-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/130.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"130.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/130.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/130.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77120\" class=\"content-area-description single-story post-77120 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-egypt tag-qatar 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\/2024\/3\/.b0794c91-f271-4f88-b7a6-ffdc7a14b60e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar + Egypt eye stronger investment ties: <\/strong>The Qatar Investment Promotion Agency has inked an MoU with Egypt\u2019s General Authority for Investment and Freezones (GAFI) to enhance investment cooperation between the two countries, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid034FoyszKMMZWvoLQbbf6qm7hrrEnbj8ET7XoCv1UzM2qh2Mv5ruVT7LSYyiTELT6Dl\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The agreement aims to bolster cooperation, support investors, and streamline joint investment projects between the two nations. The partnership underscores Egypt\u2019s commitment to drawing in foreign investments and boosting economic development, the statement said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77122 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=\"77122\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/77122\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77122\" class=\"content-area-description single-story post-77122 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:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.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=\"77123\" 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=\"77123\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/kenya-airways-cargo-boosts-freight-links-with-sharjah-airport-qatar-airways-cargo-looks-to-upgrade-perishables-cargo-services-opaz-rolls-out-cutbacks-to-land-lease-fees-at-duqm\/\">\r\n                            Kenya Airways Cargo boosts freight links with Sharjah Airport, Qatar Airways Cargo looks to upgrade perishables cargo services, OPAZ rolls out cutbacks to land lease fees at Duqm                        <\/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-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"152.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/152.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/152.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77123\" class=\"content-area-description single-story post-77123 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-oman tag-qatar tag-qatar-airways tag-saudi-arabia 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\/2024\/3\/.d1f28513-31f0-483a-a526-702645d7f45a.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">AVIATION-<\/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.kqcargo.com\/en\/#1\" style=\"\" rel=\"noopener\">Kenya Airways Cargo<\/a><\/strong><strong> is set to launch <\/strong><strong>four direct weekly flights from Nairobi to the <\/strong><strong>UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sharjahairport.ae\/en\/\" style=\"\" rel=\"noopener\">Sharjah Airport<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.sharjahairport.ae\/en\/sharjah-airport-authority-welcomes-kq-cargo-to-its-cargo-operations\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Saturday. The move should help establish the Sharjah Airport as an international cargo hub and further strategic business growth between the Middle East and Africa, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar Airways Cargo is looking <\/strong><strong>to advance and expand its perishables transport <\/strong><strong>business<\/strong>, with plans to invest in new facilities, reefer equipment, and drones, the airline\u2019s head of cargo products Miguel Rodriguez told <a target=\"_blank\" href=\"https:\/\/www.fruitnet.com\/eurofruit\/could-fresh-produce-soon-be-flown-around-the-world-by-drone\/258875.article\" style=\"\" rel=\"noopener\">Fruitnet<\/a> last week. The recent opening of a 12k square meter import facility in Doha, paired with investment in a fleet of reefer trucks, will support Qatar Airways Cargo\u2019s growth in refrigerated air freight services and increase its transit capacity, Rodriguez added. \u201cSo our biggest challenge to support our customers better is sometimes the lack of capacity,\u201d Rodriguez said. \u201cSometimes, we need to reshuffle the network and add additional flights, or we need to do charters. So we have a quite dynamic network. And we work very closely with our network planning team, together with our passenger network planning team.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS HANDLING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati air and travel service provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dnata.com\/en\" style=\"\" rel=\"noopener\">Dnata<\/a><\/strong><strong>will use autonomous drones in <\/strong><strong>its <\/strong><strong>Dubai cargo operations<\/strong><strong> to reduce processing time and accuracy<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1xb73p-autonomous-drones-propel-dnata%E2%80%99s-cargo-services\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Friday. The move should slash processing times by 20% and improve shipment tracking accuracy to over 99%, boosting operational efficiency at Dubai International and Dubai World Central airports. The drones, using software provided by <a target=\"_blank\" href=\"https:\/\/www.gather.ai\/\" style=\"\" rel=\"noopener\">Gather AI<\/a>, can map environments, collect inventory data, count cases, measure temperature, and scan barcodes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ZONES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman\u2019s Public Authority for Special Economic Zones and Freezones has <\/strong><strong>announced a new set of usufruct fees for industrial land in Duqm<\/strong>, according to a statement <a target=\"_blank\" href=\"https:\/\/twitter.com\/omanopaz\/status\/1764259868247019851\" style=\"\" rel=\"noopener\">released on X<\/a>. Medium industries will see a 41% reduction in fees, from OMR 0.850 per sqm to OMR 0.5 per sqm per year. Heavy industries will see a 50% reduction from OMR 0.5 per sqm to OMR 0.250 per sqm, with the discount limited to the next five years. The price for light industries will remain the same at OMR 1 per sqm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ROADS-<\/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:\/\/kingsalmanpark.sa\/en\" style=\"\" rel=\"noopener\">King Salman Park<\/a><\/strong><strong>\u2019s Abu Bakr Al-Siddiq Tunnel is officially complete<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2055789\" style=\"\" rel=\"noopener\">SPA<\/a> reported last week, citing a press release. The 2.4-km-long tunnel will ease congestion and connect different sections of the park, the King Salman Park Foundation said, adding that it boasts advanced traffic management systems, safety protocols, and emergency services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE- <\/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.afreximbank.com\/\" style=\"\" rel=\"noopener\">Afreximbank<\/a><\/strong><strong> subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fedagroup.org\/\" style=\"\" rel=\"noopener\">Fund for Export Development in Africa<\/a><\/strong><strong> (FEDA) has <\/strong><strong>welcomed Egypt as a member<\/strong>, according to a Thursday <a target=\"_blank\" href=\"https:\/\/www.afreximbank.com\/the-arab-republic-of-egypt-accedes-to-the-establishment-agreement-for-afreximbanks-fund-for-export-development-in-africa-feda-%EF%BF%BC\/\" style=\"\" rel=\"noopener\">press release<\/a>. The signing of the Establishment Agreement should boost trade cooperation between Egypt and other African countries. Egypt's incorporation into FEDA's membership significantly broadens the scope of FEDA's initiatives, which primarily focus on offering sustainable capital to African economies, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE has inaugurated the Cambodia-UAE Commercial Center at Emirates <\/strong><strong>Palace<\/strong>, which is operated by UAE-based <a target=\"_blank\" href=\"http:\/\/www.oneroad-kh.com\/\" style=\"\" rel=\"noopener\">Oneroad Group<\/a> and aims to link Cambodian agricultural produce, tourism, and investment with Middle East markets, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/cambodia-uae-commercial-center-launches-at-emirates-palace-i5nkb47g\" style=\"\" rel=\"noopener\">press release<\/a> published on Saturday. The platform seeks to expand bilateral trade and investment under a CEPA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a1c1b721-c66a-4257-a7cf-1ec24858534e\" style=\"\" rel=\"noopener\">inked<\/a> earlier this year between the two countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>New bunkering at Sohar: <\/strong>Oman\u2019s <a target=\"_blank\" href=\"https:\/\/soharportandfreezone.om\/\" style=\"\" rel=\"noopener\">Sohar Port and Freezone<\/a> has inked an MoU with TFG Marine to develop an international bunker fuel supply operation within the freezone. (<a target=\"_blank\" href=\"https:\/\/soharportandfreezone.om\/en\/media\/news-events\/5559\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Acme to provide Yara with green ammonia:<\/strong> Norway\u2019s Yara International has inked an agreement with India's Acme Group subsidiary GHC to acquire green ammonia from its Oman plant. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-29\/yara-inks-long-term-deal-for-green-ammonia-from-acme-oman-plant\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<li><strong>China Southern Airlines introduces new Doha route: <\/strong>Qatar Airways\u2019 codeshare partner <a target=\"_blank\" href=\"https:\/\/www.csair.com\/cn\/index.shtml\" style=\"\" rel=\"noopener\">China Southern Airlines<\/a> is set to operate four weekly direct flights from Guangzhou to Doha starting 22 April 2024. (<a target=\"_blank\" href=\"https:\/\/www.qatarairways.com\/press-releases\/en-WW\/235191-qatar-airways-codeshare-partner-china-southern-airlines-announces-its-new-route-to-doha-through-the-award-winning-hub-hamad-internatio\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Emirates to resume Cambodia services:<\/strong> UAE carrier <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/ae\/english\/about-us\/\" style=\"\" rel=\"noopener\">Emirates<\/a> will resume its daily Phnom Penh service via Singapore effective 1 May. (<a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-to-restart-daily-phnom-penh-services-via-singapore\/\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Etihad Airways adds new services to Turkey + India: <\/strong>The UAE\u2019s national airline <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/\" style=\"\" rel=\"noopener\">Etihad<\/a><a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/\" style=\"\" rel=\"noopener\">Airways<\/a> is expanding its network with three weekly seasonal flights to Antalya starting 15 June and four weekly flights to Jaipur starting 16 June. (<a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-expands-schedule-with-two-stunning-new-destinations-and-additional-flights\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Qatar Airways restarts flights to Osaka Kansai: <\/strong><a target=\"_blank\" href=\"https:\/\/www.qatarairways.com\/en-eg\/homepage.html?CID=SXEG23457392M&account=Google-AFRICA-EG-EN-Brand&campaign=EG-Brand-Hero-EN_exact&adgroup=qatar+airways&term=qatar+airways&&&&&gad_source=1&gclid=CjwKCAiA3JCvBhA8EiwA4kujZsZljU3BDv0wLuA7acq-vG6oX2LTMCDG6mU2MhPB6ByfKaqtNieipxoCIroQAvD_BwE&gclsrc=aw.ds\" style=\"\" rel=\"noopener\">Qatar Airways<\/a> resumed its daily direct flights to Osaka, Japan on 1 March. (<a target=\"_blank\" href=\"https:\/\/www.qatarairways.com\/press-releases\/en-WW\/235275-qatar-airways-resumes-daily-service-to-osaka-kansai\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Ooredoo opens new branch in Qatar: <\/strong>The <a target=\"_blank\" href=\"https:\/\/qfz.gov.qa\/\" style=\"\" rel=\"noopener\">Qatar Freezones Authority<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ooredoo.com\/en\/\" style=\"\" rel=\"noopener\">Ooredoo<\/a> have unveiled the latter\u2019s new branch at Business Innovation Park\u2019s (BIP) Investor Relations Center in the Ras Bufontas freezone. The new branch should enhance the accessibility and range of ICT solutions offered to current and potential investors and businesses in the freezone. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/QatarFreeZones\/posts\/pfbid06GZKbrHeoaz7z5JKUspUNWUEbesbkQqGjKKW2gw4PgwyNrGAaEP5STAg9BCtX5Xql\" 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\/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\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar-airways\/\">Qatar Airways<\/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\/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=\"77125\" 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=\"77125\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/04\/russia-resorts-to-price-flooring-to-stave-off-sanctions-cma-cgm-snaps-up-bollore-logistics-in-usd-5-bn-transaction\/\">\r\n                            Russia resorts to price flooring to stave off sanctions + CMA CGM snaps up Bollore Logistics in USD 5 bn transaction                        <\/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\/2024\/03\/04\/russia-resorts-to-price-flooring-to-stave-off-sanctions-cma-cgm-snaps-up-bollore-logistics-in-usd-5-bn-transaction\/\" 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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Energy firms in Russia used an average price of USD 65 a barrel of Russia\u2019s Urals crude to calculate their oil taxes in January. The government applied a USD 15 a barrel discount to the Brent benchmark for Urals in their tax formula, even though the market price of crude was lower, according to Bloomberg. Crude oil producers were selling their Urals cargos at an average of USD 18.12 per barrel at Russian ports in January. The revenues from this move will be published next week. Russia\u2019s oil and gas industries produce around a third of the country\u2019s total budget revenue, the newswire explains.<\/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.boeing.com\/\" style=\"\" rel=\"noopener\">Boeing<\/a><\/strong><strong> is considering a buyback of former subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.spiritaero.com\/\" style=\"\" rel=\"noopener\">Spirit AeroSystems<\/a><\/strong>, a key supplier of 737 Max jets, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/boeing-talks-buy-spirit-aero-wsj-reports-2024-03-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing a source with knowledge of the matter. The talks come as the two companies are looking to address quality concerns and manage costs related to 737 MAX production. The potential merger would see Spirit, which was spun off in 2005, return to Boeing\u2019s control. Spirit has engaged with bankers and held talks with Boeing regarding strategic options, the newswire said, adding that both companies have declined to comment. Boeing had previously thought about re-acquiring Spirit AeroSystems, but was dissuaded due to the optics of making a higher price acquisition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>French shipping and logistics company CMA CGM has completed a USD 5 bn <\/strong><strong>acquisition of French conglomerate Bollore Logistics<\/strong>, its biggest-ever takeover, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/cma-cgm-caps-logistics-push-with-5-bln-bollore-deal-2024-02-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. Through the acquisition, which was first announced last year, CMA CGM seeks to expand into freight management for pharma, cosmetics, and luxury firms. CMA CGM says the move makes it one of the world\u2019s five largest logistics firms and will make logistics account for around 45% of group sales in 2024, according to the newswire.\u202f<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.faa.gov\/\" style=\"\" rel=\"noopener\">Federal Aviation Administration<\/a><\/strong><strong> (FAA) says <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.boeing.com\/\" style=\"\" rel=\"noopener\">Boeing<\/a><\/strong><strong> has 90 days <\/strong><strong>to come <\/strong><strong>up with a plan to improve quality control<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/02\/28\/faa-gives-boeing-90-days-for-quality-control-on-737-max.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported last week. Following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">recent incident<\/a> where a panel flew off a 737 Max aircraft mid-flight, the National Transportation Safety Board (NTSB) conducted an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5f53e196-738f-47e0-a43e-eef4639b79c0\" style=\"\" rel=\"noopener\">investigation<\/a> that revealed the panel was missing four bolts. \u201cBoeing must commit to real and profound improvements,\u201d FAA Administrator Mike Whitaker said after a meeting with the company\u2019s CEO. \u201cMaking foundational change will require a sustained effort from Boeing\u2019s leadership, and we are going to hold them accountable every step of the way, with mutually understood milestones and expectations.\u201d <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/cma-cgm\/\">CMA CGM<\/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=\"77127\" 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\/2024\/03\/04\/77127\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77127\" class=\"content-area-description single-story post-77127 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\">FEBRUARY<\/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-size:11.5pt\">26-29 February (Monday-Thursday): <\/span><span style=\"-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;font-size:11.5pt\"><a href=\"https:\/\/www.wto.org\/english\/thewto_e\/minist_e\/mc13_e\/mc13_e.htm\" style=\"\">World Trade Organization's 13th Ministerial Conference<\/a><\/span><span style=\"font-weight:400;font-size:11.5pt;\">, 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>29 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/events\/future-prooftechnologiesconfere7153540744295690241\/about\/\" style=\"\">Future-Proof Technologies Conference<\/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>29 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gane-conference.com\/#0cbf7a53-a863-4fd3-b318-cf7e816d6b86\" style=\"\">Gulf Aviation Networking Event<\/a><\/span><span style=\"font-weight:400;\"> (GANE), 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>29 February (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.portwiseconsultancy.com\/news\/future-proof-technologies-conference\/\" style=\"\">Future-Proof Technology Event<\/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 <\/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>3-5 March (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/marlog.aast.edu\/en\/home\" style=\"\">Sustainable Green Blue Infrastructure Conference 2024<\/a><\/span><span style=\"font-weight:400;\"> (Marlog), Green Plaza Mall, 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>4-8 March (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/expotobi.ae\/logistics-transport-management\" style=\"\">Logistics & Transport Management 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>5-6 March (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.shiptekmaritimeevents.com\/shiptek-2024\/\" style=\"\">ShipTek International Conference & Awards 2024<\/a><\/span><span style=\"font-weight:400;\">, The Address 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>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>6 March (Wednesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2024-gulf-ship-finance-forum\" style=\"\">The Gulf Ship Finance Forum<\/a><\/span><span style=\"font-weight:400;\">, Waldorf Astoria Dubai International Financial 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>6 March (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itp.events\/LogisticsMiddleEastAwards\" style=\"\">The Logistics Middle East Awards<\/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>7 March (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2024.tfconference.com\/\" style=\"\">Truck and Fleet Conference 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>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 <\/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>24 April- 1 May ( Wednesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-mobility-week\/\" style=\"\">Abu Dhabi Mobility Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/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>27 April- 1 May (Saturday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irantsn.com\/en\" style=\"\">Iran Expo 2024<\/a><\/span><span style=\"font-weight:400;\">, Tehran International Permanent Fairground, 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>28 April - 29 April (Sunday - Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\">World Economic Forum<\/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>29 April- 2 May(Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.glafamily.com\/about-GLA-Global-Logistics-Conference\" style=\"\">GLA Global Logistics Conference<\/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>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>April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.investinabudhabi.gov.ae\/News\/Abu-Dhabi-to-Host-DRIFTx-For-Smart-and-Autonomous-Mobility\" style=\"\">Driftx<\/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 style=\"font-weight:700;\">MAY <\/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>2-4 May(Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ensias.um5.ac.ma\/news\/7th-edition-international-conference-logistics-operations-management-smart-sustainable-and\" style=\"\">The International Conference on Logistics Operations Management: smart, sustainable and green logistics<\/a><\/span><span style=\"font-weight:400;\"> (GOL), Marrakesh, Morocco.<\/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>3-5 May (Friday-Sunday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.logistiqua.com\/\" style=\"\">2024 IEEE 15th international conference on Logistics and Supply Chain Management<\/a><\/span><span style=\"font-weight:400;\">, University of Sousse, Tunisia, Tunis.<\/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>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" style=\"\">Annual Investment Meeting (AIM) Congress<\/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>14-15 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\">Seamless Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai World 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>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, DWTC, 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>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">The Electric Vehicle Innovation Summit<\/a><\/span><span style=\"font-weight:400;\"> (EVIS), 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>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 <\/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>2-4 June (Sunday-Tuesday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2023-releases\/2023-06-05-03\/\" style=\"\">IATA Annual General Meeting (AGM) and World Air Transport 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>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 <\/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>7-9 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsic.net\/delegate-registration\/\" style=\"\">AFSIC \u2013 Investing in Africa,<\/a><\/span><span style=\"font-weight:400;\"> London, UK. <\/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>22-24 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/ForthcomingEventsdetails.aspx?EventID=EVE201\" style=\"\">Asean Ports and Logistics 2024<\/a><\/span><span style=\"font-weight:400;\">, Johor, Malaysia.<\/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 <\/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>11-14 November (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/maritime-logistics\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/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 <\/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, Dubai World Central, 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;\">20 December (Wednesday): The 5th Iran-Senegal Joint Economic Cooperation Commission, Dakar, Senegal.<\/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>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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span> 2H 2024: Bahri\u2019s barges for Saline Water Conversion Corporation (SWCC) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=4438553&lang=en-GB&companycode=sa-bahri&v=redesign\" style=\"\">begin<\/a><\/span><span style=\"font-weight:400;\"> initial and commercial operation.<\/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;\">King Salman Energy Park is set to become operational.<\/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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/27-02\/DCC-partners-with-Worldef-International\" style=\"\">The Cross-Border Digital Trade Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/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;\">AD Ports-operated Safaga Port\u2019s multi-purpose terminal will become operational. <\/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=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231213-one-million-teu-expansion-at-apm-terminals-tangier-med-port-operational#:~:text=12%2F18%2F2023-,One%20million%20TEU%20expansion%20at%20APM%20Terminals%20Tangier%20MedPort%20operational,an%20additional%20400%20metre%20berth.\" style=\"\">Phase 3<\/a><\/span><span style=\"font-weight:400;\"> of APM Terminals Tangier MedPort to be complete and operational.<\/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>1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jafza.ae\/media-centre\/news\/jafza-completes-phase-1-of-new-logistics-park\/\" style=\"\">Phase two<\/a><\/span><span style=\"font-weight:400;\">of Jafza Logistics Park 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>Etihad Airways may be heading to an IPO | Rubymar sinks off Yemen\u2019s coast triggering grave concerns | The WTO ministerial wraps in Abu Dhabi<\/p>\n","protected":false},"featured_media":77109,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77108","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"218347e6-ba51-48c6-86c0-dafbfcd1e8be","teaser":"Etihad Airways may be heading to an IPO | Rubymar sinks off Yemen\u2019s coast 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