{"id":77958,"date":"2024-04-17T00:00:00","date_gmt":"2024-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=77958"},"modified":"2025-12-15T14:29:13","modified_gmt":"2025-12-15T14:29:13","slug":"microsoft-pumps-usd-1-5-bn-into-abu-dhabis-g42-to-position-uae-as-a-global-ai-hub","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/microsoft-pumps-usd-1-5-bn-into-abu-dhabis-g42-to-position-uae-as-a-global-ai-hub\/","title":{"rendered":"Microsoft pumps USD 1.5 bn into Abu Dhabi\u2019s G42 to position UAE as a global AI hub"},"content":{"rendered":"<section id=\"77960\" 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=\"77960\">\r\n            \r\n                <div class=\"issue-story-header 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"942.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/942.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/942.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77960\" class=\"content-area-description single-story post-77960 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-iran tag-israel tag-shipping-maritime tag-trade tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.d02ef885-ff75-4bad-8307-0ed7e00504e2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, nice people. <\/strong>All eyes are still firmly affixed on the situation brewing in the skies and sea regionally, as the repercussions from Iran\u2019s Saturday attack continue to reverberate through the logistics industry. <\/p>\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\"><strong><a id=\"wwtt1\"><\/a>#1- <\/strong><strong>The US is looking to roll out a new round of sanctions on Iran in response to its&nbsp;<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/2e50425c-5e32-4e14-a7c0-96ee2e63f92f\/global-aviation-severely-disrupted-following-iranian-counter-attack-on-israel\" style=\"\" rel=\"noopener\">retaliatory attack on Israel<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-treasury-preparing-new-iran-sanctions-after-israel-attack-axios-reports-2024-04-16\/\" style=\"\" rel=\"noopener\">Re<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-treasury-preparing-new-iran-sanctions-after-israel-attack-axios-reports-2024-04-16\/\" style=\"\" rel=\"noopener\">uters<\/a> reports, citing a copy of remarks attributed to US Treasury Secretary Janet Yellen and picked up by Axios. \u201cTreasury will not hesitate to work with our allies to use our sanctions authority to continue disrupting the Iranian regime's malign and destabilizing activity,\u201d Yellen would say on Tuesday, according to the prepared remarks seen by Axios. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts believe that Biden is unlikely to sign off on further sanctions targeting <\/strong><strong>Iran\u2019s oil exports<\/strong>, as the administration looks to cap oil prices and avoid vexing China, a key importer of Iranian oil, the newswire <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/biden-unlikely-cut-irans-oil-lifeline-after-israel-attack-2024-04-16\/\" style=\"\" rel=\"noopener\">writes<\/a>, citing analysts. Hardline Republicans in the House of Representatives are vocally opposed to the administration\u2019s moderated stance on Iran\u2019s oil trade, and overwhelmingly passed a bill targeting Iran\u2019s oil transactions with China on Monday, the newswire said. The bill is however unlikely to survive a vote in the Senate, which is controlled by Biden\u2019s Democrat allies who are similarly cautious of policies that may result in a hike to oil prices, the newswire added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EU is also leaning towards more sanctions:<\/strong> The bloc is looking to propose new sanctions on Iran, due to its attack on Israel, at a gathering of its diplomats next week, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/eu-aims-for-new-iran-sanctions-over-israel-strike-in-coming-days?srnd=economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported yesterday. However, new measures would need all member states to sign off, which could prove to be a time consuming process. Moreover, further EU sanctions against Iran could have a limited effect due to the long list of sanctions that are already in place, the outlet said. The bloc is also not considering sanctions which target Iran\u2019s oil lifeline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- Egypt is the worst off financially due to the Red Sea crisis<\/strong>, as disruptions to Suez Canal traffic curb the country\u2019s FX revenues, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1088.pdf\" style=\"\" rel=\"noopener\">World Bank report (pdf)<\/a>. Egypt reaped in some USD 8.8 bn in Suez Canal revenues last year, accounting for 25% of its net international reserves, the report said. If the crisis persists and a 40% decline in Suez Canal transits continues throughout 2024, the country will lose USD 3.5 bn in FX revenues, equivalent to about 10% of net international reserves and half of Egypt\u2019s import bill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE- <\/strong><strong>UK-based ins. broker <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.howdengroup.com\/\" style=\"\" rel=\"noopener\">Howden<\/a><\/strong><strong> will provide war risk cargo ins. to vessels <\/strong><strong>tra<\/strong><strong>versing the Red Sea<\/strong>, the company told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/broker-howden-launches-red-sea-cargo-war-insurance-ship-risks-surge-2024-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The new product is the first dedicated ins. coverage protecting cargo vessels in the active conflict zone, which includes the Bab Al-Mandab Strait, the Red Sea, and the Indian Ocean, and has a twelve-month term, covering USD 50 mn per vessel, Howden told the newswire. \u201cThis cover was put in place to provide a competitive option for clients whose war cover had been canceled,\u201d Howden associate director for cargo and commodities, Ellis Morley, said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- Flooding, damage, and <\/strong><strong>power outages were reported across the Emirates due to the heaviest rainfall the country has seen <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/UAEmediaoffice\/status\/1780326720588906951\" style=\"\" rel=\"noopener\">in 75 years<\/a><\/strong>, with a year\u2019s worth of rain falling over the country in a single day. Several <a target=\"_blank\" href=\"https:\/\/twitter.com\/chatwithcharles\/status\/1780220904120697216\" style=\"\" rel=\"noopener\">reports on X<\/a> have also shown flooding and other instances of property damage from the torrential rain \u2014 including one viral video of patio furniture flying out of a building (<a target=\"_blank\" href=\"https:\/\/twitter.com\/Iam_njd\/status\/1780270396756959532\" style=\"\" rel=\"noopener\">watch, runtime: 0:05<\/a>) and intense flooding and damage inside <a target=\"_blank\" href=\"https:\/\/twitter.com\/chatwithcharles\/status\/1780221269721391502\" style=\"\" rel=\"noopener\">Mall of the Emirates<\/a> and a <a target=\"_blank\" href=\"https:\/\/twitter.com\/chatwithcharles\/status\/1780221273672413610\" style=\"\" rel=\"noopener\">conference in festival city<\/a>. Plenty of photos and videos also showed severe road damage, including a road in Al Ain that collapsed due to the rain (<a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2024\/04\/16\/road-in-al-ain-collapses-as-rain-and-hail-lash-uae\/\" style=\"\" rel=\"noopener\">watch, runtime: 0:44<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai International Airport had to suspend operations for 25 minutes yesterday <\/strong>after flooding affected runways (<a target=\"_blank\" href=\"https:\/\/twitter.com\/chatwithcharles\/status\/1780220904120697216\" style=\"\" rel=\"noopener\">see: another viral video<\/a>). Over 50 flights were canceled yesterday, with all inbound travel diverted until weather conditions improve, according to <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20240416-heavy-storms-soak-gulf-as-oman-toll-rises-to-18\" style=\"\" rel=\"noopener\">France24<\/a>. The National Meteorological Office issued a red alert and warned of \u201chazardous weather events of exceptional severity,\u201d on <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae\/status\/1780246868468850779\" style=\"\" rel=\"noopener\">X yesterday<\/a>. <\/p>\n<p class=\"tag-border-left\">DISRUPTION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a>Iran\u2019s <\/strong><strong>seizure of the MSC Aries and its <\/strong><strong>retaliatory attack on Israel&nbsp;<\/strong><strong>have increased the risk of <\/strong><strong>disruptions to container shipping in the region<\/strong>, according to online container trading and leasing platform <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/escalating-middle-east-tensions-trigger-projected-surge-in-war-risk-premiums-and-freight-rates\/\" style=\"\" rel=\"noopener\">Container xChange<\/a>. The latest dynamic may see the Strait of Hormuz emerge as a \u201cfocal point\u201d for a new wave of disruptions, with particular risk to Dubai\u2019s Jebel Ali port, an important regional transhipment hub. Disruptions at the choke point may also see a hike in war risk premiums and freight rates. The sealane is also vital to energy markets, and disruptions in that area may have negative implications for global oil markets, the platform also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And regional air traffic<\/strong><strong> disruptions<\/strong><strong> continue: <\/strong>A number of carriers have continued to suspend flights to Israel, with indications that the aerial routes to Israel may continue to see disruptions for months on the back of the flare up in tensions with Iran. A list of updates to airline suspensions, reroutes, and resumption plans <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/16\/israel-flights-disrupted-due-to-middle-east-volatility-.html\" style=\"\" rel=\"noopener\">can be found here<\/a>. Flight tracking data continues to show numerous trips sidestepping regional airspace on journeys between Asia and Europe, CNBC said. <\/p>\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- <\/strong><strong>Oil prices d<\/strong><strong>ropped in early trade this morning in anticipation of an expected rise in <\/strong><strong>US commercial stockpiles<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-rise-israel-weighs-response-iran-attack-2024-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent futures for June dipped 0.62% to USD 89.46 a barrel while US crude for May declined 0.74% to USD 84.73 a barrel. \"As the risk to supply is waning and a military response from Israel looks less likely as more time passes, prices are holding steady\u201d Rystad Energy's Jorge Leon told the newswire. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil output from top US shale-producing regions is expected to boost 16k barrels <\/strong><strong>per day (bpd) to 9.86 mn bpd in May<\/strong><strong> \u2014 its highest since December<\/strong>,&nbsp;<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/us-oil-output-top-shale-regions-rise-may-eia-says-2024-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported earlier this week, citing data from the US Energy Information Administration (EIA). Output from shale-producing regions accounts for three-quarters of US oil production, and is expected to see increases on the back of improved well productivity and recovery from a deep freeze that stalled production earlier this year, the newswire said<\/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 <\/strong><strong>holds steady:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2013 which tracks rates for the capesize, panamax, and supramax vessel segments \u2013 was up by one point to 1,730 points on Monday, as gains in smaller segments counteracted declines in capesize rates, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-steady-as-gains-in-smaller-vessels-counter-weaker-capsize\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The larger capesize segment dropped 23 points to 2,529 points. Meanwhile panamax was up 1.3% at 1,736 points, and supramax notched up 0.6% to 1,280 points, the newswire said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>UAE\u2019s Fujairah saw record marine bunker fuel sales in March, <\/strong>as Red Sea disruptions drove greater demand for refueling at the hub, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/uaes-fujairah-march-marine-bunker-sales-hit-highest-more-than-year-2024-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Fujairah Oil Industry Zone (FOIZ) data carried by S&amp;P Global Commodity Insights. March bunker fuel sales at Fujairah reached 700.9 k cubic meters, and were up 25.2% y-o-y, marking a third consecutive month of yearly gains, the newswire said. In contrast, marine bunker fuel sales at Fujairah had declined on an annual basis in every month of 2023. <\/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- <\/strong><strong>Middle East airlines saw a 20.9% <\/strong><strong>y-o-y<\/strong><strong> jump in air cargo demand in February<\/strong>,<strong> <\/strong>measured in cargo tonne-kilometers (CTKs), according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1026.pdf\" style=\"\" rel=\"noopener\">IATA report (pdf)<\/a>. Middle East - Europe air cargo movements notched up 39.3% y-o-y during the same period, with Middle East - Asia routes growing at 21%, IATA said. Global industry-wide air cargo demand saw its third consecutive month of double digit growth, with CTKs boosting 11.9%. International CTKs grew 12.4%, with growth in the Middle East and Africa leading the trend. Meanwhile, global industry-wide air cargo capacity, measured in available cargo tonne-kilometers (ACTKs), bumped up 13.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Qatar\u2019s e-commerce transactions in March were valued at QAR 3.66 bn<\/strong>,<strong> <\/strong>up from QAR 2.55 bn during the same period last year, Qatar Central Bank (QCB) <a target=\"_blank\" href=\"https:\/\/twitter.com\/QCBQATAR\/status\/1779414841582588265\/photo\/1\" style=\"\" rel=\"noopener\">said<\/a> on X. 6.44 mn online transactions took place during the month, up from 4.9 mn last year, QCB said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Iraq\u2019s customs authority raked in IQD 1.33 tn in revenues in 2023, <\/strong>up 28% y-o-y, <a target=\"_blank\" href=\"https:\/\/www.ina.iq\/206938--28-.html\" style=\"\" rel=\"noopener\">INA<\/a> reported yesterday, citing statements by the authority's head Hassan Al Ugaili. The boost was attributed to the implementation of an electronic declaration system at six of its main ports, as well as administrative reforms, Al Ugaili 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>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/efmf.me\/\" style=\"\" rel=\"noopener\">Egypt Facility Management Forum<\/a><\/strong><strong> on Tuesday, 23 <\/strong><strong>April and Wednesday, 24 April <\/strong>in Cairo. Business-owners, developers, service providers, technology leaders and suppliers will attend seminars and exhibitions on the facility management 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.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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Iran will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85413518\/Tehran-to-host-second-Iran-Africa-summit-in-April\" style=\"\" rel=\"noopener\">Iran-Africa International Summit<\/a><\/strong><strong>from Wednesday, 24 April <\/strong><strong>through to Friday, 26 Apri<\/strong>l in Tehran. The event will see Iran receive trade ministers from more than 40 African countries. <\/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<\/strong> in Riyadh. 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>Qatar will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aemobforum.com\/\" style=\"\" rel=\"noopener\">Autonomous E-mobility Forum<\/a><\/strong><strong> from Tuesday, 30 April to Thursday, 2 <\/strong><strong>May<\/strong> in Doha. The event will gather industry experts, senior officials, policy and technology experts, as well as government, academic, and media representatives, providing a platform for stakeholders to exchange know-how and recommendations for the implementation of autonomous e-mobility in the real-world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudi-smartlogistics.com\/\" style=\"\" rel=\"noopener\">Saudi Smart Logistics<\/a><\/strong><strong> exhibition and summit from Monday, 6 <\/strong><strong>May to Thursday, 9 May<\/strong> in Riyadh. The trade fair brings together local and international suppliers, public officials, professionals, and logistics players, and provides a platform for networking, exchanging know-how, and showcasing new technologies, products, and services.<\/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 <\/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;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\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77963\" 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=\"77963\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/microsoft-pumps-usd-1-5-bn-into-abu-dhabis-g42\/\">\r\n                            Microsoft pumps USD 1.5 bn into Abu Dhabi\u2019s G42 to position UAE as a global AI hub                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/microsoft-pumps-usd-1-5-bn-into-abu-dhabis-g42\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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data-attachment-id=\"77964\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/microsoft-pumps-usd-1-5-bn-into-abu-dhabis-g42\/1091-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1091.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1091.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1091.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1091.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77963\" class=\"content-area-description single-story post-77963 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-data-centers tag-investment-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\/4\/.dd6f38d7-ce0d-47a1-941a-8550b23b4381.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US tech giant Microsoft plans to invest USD 1.5 bn in International Holding <\/strong><strong>Company-backed tech and AI group G42<\/strong> to help boost its global expansion plans and promote the UAE\u2019s position as \u201ca global AI hub,\u201d according to statements from <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/resources\/news\/microsoft-invests-abu-dhabis-g42\" style=\"\" rel=\"noopener\">G42<\/a> and <a target=\"_blank\" href=\"https:\/\/news.microsoft.com\/2024\/04\/15\/microsoft-invests-1-5-billion-in-abu-dhabis-g42-to-accelerate-ai-development-and-global-expansion\/\" style=\"\" rel=\"noopener\">Microsoft<\/a>. The investment will give Microsoft President Brad Smith a seat on G42\u2019s board and under the agreement G42 will use Microsoft\u2019s Azure cloud for its AI applications. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:&nbsp;<\/strong>The agreement develops an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e48ef861-b84b-44f3-8184-37352c5232fc\/ai-firm%253cmark%253e-g42-%253c%2Fmark%253ehas-teamed-up-with-microsoft-to-expand-data-center-infrastructure-in-the-uae-%2B-oman-floats-tenders-for-new-road-projects\" style=\"\" rel=\"noopener\">existing partnership<\/a> that saw Microsoft and G42 collaborate on boosting data center infrastructure in the UAE. Under the agreement, Microsoft will hold an unspecified minority stake in G42, while G42 will use Microsoft\u2019s cloud platform, <a target=\"_blank\" href=\"https:\/\/www.azure.microsoft.com\/\" style=\"\" rel=\"noopener\">Azure<\/a>, to run its AI platforms and services and deliver advanced AI services to its public and private sector customers. At a later stage, Microsoft will be able to host some of its applications in G42\u2019s data centers to expand its customer outreach to Africa and Central Asia, Bloomberg <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/microsoft-invests-1-5-billion-in-uae-s-g42-will-get-board-seat\" style=\"\" rel=\"noopener\">reports<\/a>, citing Smith.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two firms will also jointly set up a USD 1 bn fund to support AI developers<\/strong>, geared at strengthening the AI infrastructure and capabilities in the UAE and the wider MENA region. No further details were provided on the fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanding an existing friendship:<\/strong> The companies inked an MoU in <a target=\"_blank\" href=\"https:\/\/news.microsoft.com\/en-xm\/2023\/04\/11\/g42-teams-up-with-microsoft-to-explore-acceleration-of-uaes-digital-transformation\/\" style=\"\" rel=\"noopener\">April 2023<\/a> to explore the development of customized cloud solutions. The framework is part of an \u201cunusual\u201d arrangement worked out between G42 and the US government to encourage the Abu Dhabi-based data center player to divest from China, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/microsoft-invests-1-5-billion-in-uae-s-g42-will-get-board-seat\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported yesterday. The agreement was preceded by \u201cbehind-the-scenes negotiations\u201d between G42 and the US government which saw the firm agree to cut its links with China, after the US grew concerned about the outfit\u2019s ties to blacklisted Chinese tech companies and China\u2019s government, Bloomberg also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThrough Microsoft\u2019s strategic investment, we are advancing our mission to deliver cutting-edge AI technologies at scale. This partnership significantly enhances our international market presence, combining G42\u2019s unique AI capabilities with Microsoft\u2019s robust global infrastructure. Together, we are not only expanding our operational horizons but also setting new industry standards for innovation,\u201d G42 CEO Peng Xiao said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement could speed up global AI deployment: <\/strong>\u201cThere are markets today where Microsoft and really no American technology company has a real data center presence. This is the kind of partnership that can really bring the cloud and AI to the global south probably a decade faster than would otherwise be the case,\u201d Smith told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/microsoft-invests-1-5-billion-in-uae-s-g42-will-get-board-seat\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both gov\u2019ts gave the all-clear on the agreement: <\/strong>Backed by the US and UAE governments, the investment is the outcome of a \u201cfirst-of- its-kind binding agreement to apply world-class best practices to ensure the secure, trusted, and responsible development and deployment of AI,\u201d Microsoft <a target=\"_blank\" href=\"https:\/\/blogs.microsoft.com\/blog\/2024\/04\/15\/microsoft-and-g42-partner-to-accelerate-ai-innovation-in-uae-and-beyond\/#:~:text=The%20commercial%20partnership,U.S.%20governments.\" style=\"\" rel=\"noopener\">said<\/a>. The two governments consulted on the Intergovernmental Assurance Agreement (IGAA) between G42 and Microsoft, specifically drafted for the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G42 is delivering on its promise to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9eb76a98-e2e7-4252-b489-50013fa8819b\/world-government-summit-day-two-%2B-another-wfh-day-for-dubai#:~:text=%231%2D%20G42%20plans,the%20Chinese%20military.\" style=\"\" rel=\"noopener\">expand in western markets<\/a><\/strong><strong>, <\/strong>\u201cfrom Israel to Germany, to the UK and US,\u201d Xiao told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-12\/abu-dhabi-ai-firm-g42-to-pare-back-china-presence-in-pivot-to-us\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in February, saying that the company has been pursuing a \u201ccommercial strategy since 2022 to fully align with our US partners and not to engage with Chinese companies.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> G42 had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/45bff422-6aef-41f5-bd13-0fce03beb4d9\/Real-estate-market-growth-will-be-driven-by-expats-%2B-HNWI,-Markaz-suggests\" style=\"\" rel=\"noopener\">offloaded all its stakes in Chinese businesses<\/a> in a bid to reportedly appease US partners, including a USD 100 mn stake in TikTok parent company ByteDance. The company\u2019s CEO Peng Xiao had vowed to phase out its stakes in Chinese hardware suppliers in statements to the FT last December. A <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/g42-made-secret-pact-with-us-to-divest-from-china-before-microsoft-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> report out yesterday claims that G42 held private talks with the US Commerce Department\u2019s Bureau Industry and Security for G42 to scale down its investments in Chinese businesses, which ultimately paved the way for Microsoft\u2019s investment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>G42 could back away even more from China<\/strong>, including giving up its use of Huawei telecom equipment, which Washington \u201cfears could provide a backdoor for the Chinese intelligence agencies,\u201d according to <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/04\/16\/technology\/microsoft-g42-uae-ai.html\" style=\"\" rel=\"noopener\">the New York Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm has been doubling down on Africa:<\/strong> The outfit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2a6eed9b-f4e4-4d2f-bfcd-fefd45b15f1c\/uae%25e2%2580%2599s%253cmark%253e-g42-%253c%2Fmark%253eand-ecocloud-will-build-a-100-mw-green-data-center-in-kenya\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with Kenya\u2019s EcoCloud last month to establish a 100 MW sustainable data center in Kenya, powered by geothermal energy. G42 also inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e53055d3-c1f1-4a58-b5cc-0bf5fc3bffdc\" style=\"\" rel=\"noopener\">with Mauritania in mid-2023<\/a> to develop and improve the country\u2019s national data center.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got plenty of ink in the foreign press:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/microsoft-invest-15-bln-emirati-ai-firm-g42-new-york-times-reports-2024-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/04\/16\/technology\/microsoft-g42-uae-ai.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/930a1c17-2e84-4ddb-8e72-4e4a1b833c40\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/microsoft-invests-1-5-billion-in-uae-s-g42-will-get-board-seat\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/16\/microsoft-to-invest-1point5-billion-in-emirati-ai-firm-g42-takes-minority-stake.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/ai\/microsoft-to-invest-1-5-billion-in-u-a-e-ai-firm-52988bab\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/data-centers\/\">DATA CENTERS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"77965\" 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=\"77965\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/egypts-exports-grew-5-y-o-y-during-1q-2024\/\">\r\n                            Egypt\u2019s exports grew 5% y-o-y during 1Q 2024                        <\/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\/04\/17\/egypts-exports-grew-5-y-o-y-during-1q-2024\/\" 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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Saudi Arabia, the UAE, Italy, and the US are runners up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is Egypt exporting?<\/strong> Building materials were the most in-demand export in 1Q 2024, accounting for 20.4% of total exports, followed by food stuffs, chemical products and fertilizers, and agricultural exports. An increased export volume of citrus fruits, nitrogen fertilizers, and insulated cables, and gold, accounted for the overall increase in Egypt\u2019s exports this year, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02PbXvp1hQomJJsjwPUefYjfP2RwdBJcPjKPNS7Tuy34GAdsBYKCrqF4YU1vd7WumZl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boosting exports is at the forefront of El Sisi\u2019s third term in office:<\/strong> The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb2295d9-243b-41f0-b526-ad5c1d44c997\/el-sisi%25e2%2580%2599s-third-term-comes-bearing-major-export-and-transport-targets\" style=\"\" rel=\"noopener\">plans to launch<\/a> a six-year export strategy \u2014 dubbed EgyExTriple 10 \u2014 to increase exports every year by 15-20% so as to reach USD 145 bn in exports a year by 2030 by establishing ten specialized export zones, developing ten export-oriented industrial zones, and focusing on ten unidentified key export markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Our sibling publication Enterprise Egypt ran a deep dive into Egypt\u2019s extensive plan to develop and modernize transport infrastructure to facilitate logistic services across the country. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d4ef859-41d7-4ddf-a8e5-1f6832047392\" style=\"\" rel=\"noopener\">You can read it by clicking here<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77967 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"77967\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/77967\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77967\" class=\"content-area-description single-story post-77967 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77968\" 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=\"77968\">\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\">The Macro Picture<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\">\r\n                            Globalization has not gone into reverse, DHL report says                        <\/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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<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=Globalization+has+not+gone+into+reverse%2C+DHL+report+says+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F04%2F17%2Fglobalization-has-not-gone-into-reverse-dhl-report-says%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\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77969\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/globalization-has-not-gone-into-reverse-dhl-report-says\/1595-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1595.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1595.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77968\" class=\"content-area-description single-story post-77968 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-dhl tag-the-macro-picture tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.58d264f8-bb02-4dce-a404-965e9cac8bf4.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA ranked third in terms of overall connectedness in trade, capital, <\/strong><strong>people, and information in 2022<\/strong>, out of a total of seven world regions, and up from 2021\u2019s fourth place, according to DHL and NYU Stern\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1585.pdf\" style=\"\" rel=\"noopener\">Global Connectedness Index 2024 (pdf)<\/a>. The report ranks countries in terms of their international trade, capital, information, and people flows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown on how MENA performed:<\/strong> The region came second following Europe in terms of depth of flows, and third in terms of breaths, following North America and Europe. In terms of the four pillars of trade, capital, information, and people flows, MENA came second in trade, on the back of the region\u2019s high profile in energy trade and close commercial ties to Europe, fourth in capital and information flows, and third in people flows, the report said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC states buoyed the region\u2019s rankings: <\/strong>While the report does not spell out what put MENA at its ranking, it does attribute a diverse range of economies to the region, with oil-rich GCC states robust connectedness to the rest of the world in terms of trade, investment, and people flows, buoying the region\u2019s ranking. Meanwhile, North African states are also well-connected to Europe due to geographical proximity, the report also said, with both these dynamics contributing to MENA placing second in trade after Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE was the region\u2019s strongest performer<\/strong>, coming in eighth place globally in terms of overall connectedness, and up three places from its 2017 ranking. The oil-rich state also featured as seventh place in terms of countries with largest international flows relative to domestic activity and saw greater increases in terms of connectedness than any other country since 2001. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahrain, Lebanon, and Jordan saw the best improvements regionally in overall scores<\/strong>, with Bahrain\u2019s boost attributed to increases in merchandise exports and inbound M&amp;As, the report said. Bahrain saw the largest increase globally in its overall connectedness score, boosting 3 points, and gaining seven ranks in global rankings since 2017. Lebanon saw a 2.5 increase in its overall score, and gained three spots in rankings, as the country\u2019s merchandise imports and outbound M&amp;As recovered following a collapse in the previous year. Jordan saw its score gain 1.9 points when compared to 2021. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Peace + security are key determinants of regional countries' global connectedness:<\/strong> Libya saw the best improvement worldwide in the past five years, with its overall score boosting 6.3 points and the country gaining an extraordinary 55 places in rankings, as improvements to security saw international flows recover, the report said. Conversely, turmoil in Yemen saw the country shed 5.4 points when compared to 2021, and place next to last globally in 2022\u2019 rankings, the report noted. Countries with a \u201cbasic level of security\u201d, such as UAE and Qatar, were able to attain sustained increases in connectedness by deploying strategies to boost logistics, freezones, and capital flows. Qatar saw a four place boost in overall ranking when compared to 2017.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other MENA countries that increased in rankings:<\/strong> Tunisia and Morocco saw some of the largest leaps in ranking, climbing 16 and 11 places since 2017 to settle at 50 and 52 worldwide. Algeria also gained 10 places, placing it at 120, while Iraq also gained 8 places to rank at 101. Despite gaining 1 rank, Yemen ranked at 181, next-to-last globally after Guinea-Bissau, the report explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Which MENA countries were worse off? <\/strong>Iran dropped 18 places to settle at 135, as sanctions continued to limit the country\u2019s access to global trade and capital flows. Egypt dipped 7 ranks to 103, while Israel also fell two spots to 61, and Oman notched down one spot to 68. KSA declined three ranks to 49, while Kuwait also fell 13 places to 58. Despite seeing a gain to its overall score, Jordan fell six places to rank at 70. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Contrary to common narratives, globalization is still going strong: <\/strong>Despite many predicting that geopolitical and policy changes would see a rolling back in international flows, trade, capital, information, and people flows have proved resilient, the report said. International flows grew faster than those within countries between 2021 and 2022, with global connectedness reaching an all-time high in 2022 and projected to remain roughly the same in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The report also rebuts the trope that globalization is giving way to regionalization and <\/strong><strong>trade within geopolitically-aligned blocs: <\/strong>Despite diminishing trade ties between China and the US, the two global economic giants continue to remain \u201csignificantly connected,\u201d according to a <a target=\"_blank\" href=\"https:\/\/group.dhl.com\/content\/dam\/deutschepostdhl\/en\/media-relations\/press-releases\/2024\/pr-dhl-gcr-20240313.pdf\" style=\"\" rel=\"noopener\">press release<\/a> coupled with the report, with data as a whole not pointing to trade fragmenting along geopolitical lines. Trade is also not being regionalized, on the contrary, most trade is unfolding \u201cover stable or even longer distances, with a declining share happening inside major geographic regions,\u201d the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who topped the global leaderboard?<\/strong> Singapore came out on top in terms of overall connectedness, followed by the Netherlands, and Ireland. <\/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\/dhl\/\">DHL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"77970\" 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=\"77970\">\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\/04\/17\/algeria-signs-agreement-to-host-iatf-2025\/\">\r\n                            Algeria signs agreement to host IATF 2025                        <\/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\/04\/17\/algeria-signs-agreement-to-host-iatf-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The event is recognized as the \u201cAfCFTA Marketplace,\u201d and as a key platform for realizing freetrade in Africa, speakers said at the signing ceremony. IATF brings together businesses, traders, investors, industry leaders, government officials, and specialists, to conduct business to business (B2B) and business to government (B2G) talks and conclude transactions. The fair\u2019s previous three rounds saw agreements worth USD 120 bn, Executive VP at the Intra-African Trade Bank, Afreximbank, Kanayo Awani 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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    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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=\"77973\" 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=\"77973\">\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\/04\/17\/etihad-cargo-boosts-cool-chain-offerings-mawani-set-to-issue-fines-for-non-compliance-on-customs-procedures\/\">\r\n                            Etihad Cargo boosts cool chain offerings + Mawani set to issue fines for non-compliance on customs procedures                        <\/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\/04\/17\/etihad-cargo-boosts-cool-chain-offerings-mawani-set-to-issue-fines-for-non-compliance-on-customs-procedures\/\" target=\"_blank\">\n                    Open in 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1116.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1116.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1116.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1116.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77973\" class=\"content-area-description single-story post-77973 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-etihad-cargo tag-lng tag-mawani tag-oman 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\/4\/.1304d4fe-227a-4389-9974-11ac755ed842.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\" style=\"\" rel=\"noopener\">Etihad Cargo<\/a><\/strong><strong> has rolled out temperature-controlled cool dollies<\/strong><strong> in a bid to boost cool <\/strong><strong>chain offerings<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\/news\/etihad-cargo-introduces-cool-dollies\" style=\"\" rel=\"noopener\">statement<\/a>. The cool dollies will be integrated to the equipment within Etihad\u2019s tarmac transportation fleet at its Abu Dhabi hub and can be set to temperatures between 2 and 25 degrees celsius, enabling efficient and safe handling of pharma and other temperature sensitive cargoes between the carrier's aircraft and cool chain warehouse, the statement said.<\/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\">SHIPPING & MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mawani wants port operators to up their customs efficiency game:<\/strong> Saudi Ports Authority (Mawani) has warned operators at Jeddah and Dammam ports that it will put in place SAR 10k fines for each container inspection operation that is not compliant with the authority\u2019s timings for customs procedures, and thereby incurring operational delays, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/04\/15\/article_2717976.html\" style=\"\" rel=\"noopener\">Aleqtisadeyah<\/a> reported earlier this week, citing a letter it has seen. Mawani and customs authorities inked an agreement that sets out that average times for transporting containers to inspection sites should stand at 60 minutes, with 30 minutes each for emptying and reloading containers, and transportation back to storage yards following inspections running at 15 minutes.<\/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\">STORAGE + WAREHOUSES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GWC implements vision-picking technology into its warehouse operations in <\/strong><strong>Qatar<\/strong><strong>:<\/strong> Qatar\u2019s <a target=\"_blank\" href=\"https:\/\/www.gwclogistics.com\/\" style=\"\" rel=\"noopener\">Gulf Warehousing Company<\/a> (GWC) has boosted efficiency at its warehouses by leveraging vision-picking technology, which utilizes computer vision, cameras, and augmented reality to help staff identify and pick out items from various warehousing locations, according to a <a target=\"_blank\" href=\"https:\/\/www.gwclogistics.com\/news\/gwc-introduces-vision-picking-technology-in-qatar\/\" style=\"\" rel=\"noopener\">press release<\/a>. The product looks to minimize human error, boost accuracy, and increase speed at which items can be located.<\/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\">DATA CENTERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Odoo looks to Google\u2019s data center in Dammam, KSA<\/strong><strong>:<\/strong> Belgium-based open-source integrated business software application <a target=\"_blank\" href=\"https:\/\/www.odoo.com\/\" style=\"\" rel=\"noopener\">Odoo<\/a> now offers local data hosting via Google\u2019s data center in Dammam, KSA, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/odoo-extends-cloud-hosting-from-googles-saudi-arabia-data-center-in-dammam-yzcceml1\" style=\"\" rel=\"noopener\">press release<\/a>. The move sees local clients benefiting from boosted data security, reduced latency, and better compliance with KSA\u2019s regulatory requirements, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Oman LNG + JERA ink LNG agreement<\/strong><strong>:<\/strong> Oman LNG has inked a sale and purchase agreement with Japanese power generating outfit Jera for the supply of 0.8 mn metric tons of LNG annually over a period of ten years, beginning in 2025. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/OmanLNGCompany\/posts\/pfbid02JdDemjZJ58oxqLoHJhKh8NdTexWW7BnutHFH4nMKeySAFXDqG265Q7bnhtnN5WmQl\" 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\/etihad-cargo\/\">Etihad Cargo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/mawani\/\">Mawani<\/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\/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=\"77975\" 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=\"77975\">\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\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/\">\r\n                            Prada and DHL partner on SAF + Boeing fights back safety criticisms                        <\/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\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/\" 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\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/')\">\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\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/\">\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=Prada and DHL partner on SAF + Boeing fights back safety criticisms&url=https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/\">\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\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/&title=Prada and DHL partner on SAF + Boeing fights back safety criticisms\">\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=Prada+and+DHL+partner+on+SAF+%2B+Boeing+fights+back+safety+criticisms+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F04%2F17%2Fprada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms%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\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1135.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"77976\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/04\/17\/prada-and-dhl-partner-on-saf-boeing-fights-back-safety-criticisms\/1135-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1135.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1135.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1135.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1135.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77975\" class=\"content-area-description single-story post-77975 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-boeing tag-dhl 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\/4\/.caefe3cb-214c-40f4-8440-c6f60751b664.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Prada's first SAF investment with DHL:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.dhl.com\/us-en\/home\/global-forwarding.html\" style=\"\" rel=\"noopener\">DHL Global Forwarding<\/a> has partnered with <a target=\"_blank\" href=\"https:\/\/www.pradagroup.com\/en.html\" style=\"\" rel=\"noopener\">Prada Group<\/a> to secure the luxury brand\u2019s first investment in Sustainable Aviation Fuel (SAF) credits through DHL's GoGreen Plus service, according to a <a target=\"_blank\" href=\"https:\/\/group.dhl.com\/en\/media-relations\/press-releases\/2024\/dhl-and-prada-group-contribute-to-more-sustainable-air-freigh-with-saf.html\" style=\"\" rel=\"noopener\">press release<\/a>. The firms\u2019 partnership in 2023 saw Prada Group save some 4.5k metric tons of CO2 emissions, accounting for 7% of the brand\u2019s total transport-related emissions. DHL uses ISCC-certified Sustainable Aviation Fuel (SAF) for Prada Group\u2019s shipments, ensuring compliance sustainability standards, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing is still fighting back attacks over safety<\/strong><strong>: <\/strong>Boeing has defended 787 Dreamliner and 777 aircraft production against whistleblower claims of shortcomings with regards to safety, refuting the allegations as \u201cinaccurate,\u201d and saying that it stands by the aircrafts\u2019 safety, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/15\/boeing-defends-787-dreamliner-safety-after-whistleblower-claims.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reported on Monday. Whistleblower and Boeing engineer Sam Salehpour has alleged that the aircraft maker applies \u201cshortcuts\u201d to speed up production and that 787 assemblies place excessive stress on joints that could reduce airframe lifespans, the outlet said. Salehpour, another whistleblower, an aviation veteran, and an independent expert are scheduled to appear before a Senate hearing on Boeing\u2019s safety record today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Boeing has been facing increased scrutiny since early January, after the US Federal Aviation Administration (FAA) grounded over 170 Boeing 737 Max 9s, due to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ae0169c6-1bc3-4364-b89e-1b0c15230ff5\/alaska-airlines-flight-makes-emergency-landing-after-a-panel-on-the-side-of-the-plane-blows-off-mid-flight\" style=\"\" rel=\"noopener\">panel flying off mid-flight<\/a> on Alaska Airlines flight operated by the aircraft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Panama Canal Authority plans to increase daily slots to 32 ships per day <\/strong><strong>between mid-April and June<\/strong>, up from the 24 slots available currently, according to a Monday <a target=\"_blank\" href=\"https:\/\/pancanal.com\/canal-de-panama-anuncia-nuevas-medidas-con-respecto-al-numero-de-transitos\/\" style=\"\" rel=\"noopener\">statement<\/a>. May 16 will see total slots bumped up to 31, with an additional slot added beginning 1 June and bringing the total to 32, the statement said. The Panama Canal is expected to take <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/92a86604-ccdd-4f34-98dd-8c7150bda031\/the%253cmark%253e-panama-canal-%253c%2Fmark%253ewill-take-months-to-recover-from-precipitation-deficit\" style=\"\" rel=\"noopener\">the remainder of this year<\/a> to recover from droughts that have depleted water reserves, restricting transits and incurring USD mns in losses to shippers.<\/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\/dhl\/\">DHL<\/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=\"77977\" 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\/04\/17\/77977\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-77977\" class=\"content-area-description single-story post-77977 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;\">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>17-18 April (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eventbrite.sg\/e\/dubai-to-host-the-6th-global-ports-forum-apr-17-18-2024-dubai-uae-tickets-622879267657\" style=\"\">Global Ports Forum<\/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>23-24 April (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/efmf.me\" style=\"\">Egypt Facility Management Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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, 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>25-26 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/driftx.com\" 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>24-26 April (Wednesday-Friday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85413518\/Tehran-to-host-second-Iran-Africa-summit-in-April\" style=\"\">The Iran-Africa International Summit<\/a><\/span><span style=\"font-weight:400;\">, Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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, 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>28-29 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 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;\">,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<\/a><\/span><span style=\"font-weight:400;\">, 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=\"\">The Logistics and Supply Chain Management Conference<\/a><\/span><span style=\"font-weight:400;\">, 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>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartlogistics.com\" style=\"\">Saudi Smart Logistics<\/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>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, 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=\"\">The Airport Show<\/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>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;\">, 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>21-24 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unctad.org\/conference\/global-supply-chain-forum-2024\" style=\"\">Global Supply Chain Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Bridgetown, Barbados.<\/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>26-28 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\">ProPak Mena 2024<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>27-30 May (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/comex.om\/2022\/\" style=\"\">Comex Technology Show<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman.<\/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>27 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emmc.me\/overview\/\" style=\"\">East Med Maritime Conference<\/a><\/span><span style=\"font-weight:400;\">, Beirut, Lebanon.<\/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 June (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/GAFIEG\/posts\/pfbid0z8DptHmmjFty9qi3uNQxWFdoS5TVBQJPD2HPdnpCk2CxuGy2svK8zMXzK8QpnQsvl\" style=\"\">The Investment Conference<\/a><\/span><span style=\"font-weight:400;\"> in cooperation with the European Union, Brussels. <\/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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b25n998-under-patronage-mansour-bin-zayed-inaugural-global\" style=\"\">The Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">(Global Rail), 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>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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.antwerpxl.com\" style=\"\">AntwerpXL Expo<\/a><\/span><span style=\"font-weight:400;\">, Antwerp.<\/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<\/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>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theheatshow.com\/beta\/\" style=\"\">The Heavy Equipment and Truck (HEAT) Show<\/a><\/span><span style=\"font-weight:400;\">, Dhahran Expo, Damman, 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;\">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, 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 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>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>Microsoft pumps USD 1.5 bn into Abu Dhabi\u2019s G42 | Egypt\u2019s export market grows | Will Iran be slapped with more sanctions? | Prada ?SAF<\/p>\n","protected":false},"featured_media":77959,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-77958","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b773cb99-7415-4084-a26a-225f7e47df5c","teaser":"Microsoft pumps USD 1.5 bn into Abu Dhabi\u2019s G42 | Egypt\u2019s export market grows | Will Iran be slapped with more sanctions? | Prada ?SAF","photo_url":"https:\/\/ent.news\/2024\/2\/1117.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Microsoft pumps USD 1.5 bn into Abu Dhabi\u2019s G42 to position UAE as a global 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