{"id":80140,"date":"2024-08-05T00:00:00","date_gmt":"2024-08-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=80140"},"modified":"2025-12-15T15:03:52","modified_gmt":"2025-12-15T15:03:52","slug":"uaes-mgx-joins-consortium-bidding-for-usd-20-bn-airtrunk-acquisition","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/uaes-mgx-joins-consortium-bidding-for-usd-20-bn-airtrunk-acquisition\/","title":{"rendered":"UAE\u2019s MGX joins consortium bidding for USD 20 bn AirTrunk acquisition"},"content":{"rendered":"<section id=\"80142\" 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=\"80142\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What we're tracking today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/today-its-an-ma-and-pmi-day\/\">\r\n                            TODAY: It\u2019s an M&amp;A and PMI day                        <\/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\/08\/05\/today-its-an-ma-and-pmi-day\/\" 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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Let\u2019s dive right in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK-<\/p>\n<p><\/strong><strong>The Turkish Foreign Minister is in Egypt:<\/strong> Turkish Foreign Minister Hakan Fidan landed in Egypt yesterday for a two-day visit to discuss bilateral relations as well as regional and international developments with state officials, the Turkish Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.mfa.gov.tr\/no_-158_-sayin-bakanimizin-misir-i-ziyareti-hk.en.mfa\" style=\"\" rel=\"noopener\">said in a statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What can we expect? <\/strong>Some 20 agreements are expected to be signed during Fidan\u2019s visit \u2014 which will mark his first official meeting with newly-appointed Foreign Minister Badr Abdelatty \u2014 Turkish state broadcaster <a target=\"_blank\" href=\"https:\/\/www.trtworld.com\/turkiye\/turkiyes-fidan-due-in-egypt-sunday-for-two-day-visit-18191280\" style=\"\" rel=\"noopener\">TRT World<\/a> reports. The two countries will also discuss preparations for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ae5b0fc-803e-47d7-a69e-acd5831c4f19\/erdogan-talks-trade,-politics-with-el-sisi-in-his-first-visit-to-cairo-in-over-a-decade\" style=\"\" rel=\"noopener\">Egypt-Turkey high-level Strategic Cooperation Council<\/a> meeting set to take place during President Abdel Fattah El Sisi's upcoming visit to Turkey. Potential cooperation in the energy, health, tourism, and defense sectors are reportedly on the agenda.<\/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>Egypt\u2019s Civil Aviation Ministry has denied rumors that the government plans to <\/strong><strong>sell airports to international parties<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0S5yM12U8SZ4dTKBqBy2QE1fQe58xAnR82QPyTL4DVnNcKDKtaASiXiXVj51797DAl\" style=\"\" rel=\"noopener\">statement<\/a>. The ministry stressed that the airports will remain fully owned by the Egyptian state, but that the government plans to enhance the role of the private sector in airport management to improve services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Managed, not owned:<\/strong> Studies are underway to determine which airports will be offered for management by the private sector to enhance traveler service and achieve profitability, Minister of Civil Aviation Sameh El Hefny said in the statement. This move is intended to benefit the Egyptian state and upgrade the quality of service at various airports, the minister said, adding that involving the private sector in management will help alleviate the burden on the Egyptian government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The government is in the process of bringing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e94bb97-4820-4349-bc3a-d65afa8cdcb1\/egypt-looks-towards-airport-expansion,-smart-policy,-and-the-private-sector-to-support-its-ambitious%253cmark%253e-aviation%253c%2Fmark%253e-goals\" style=\"\" rel=\"noopener\">private sector firms<\/a> to manage and operate Egypt\u2019s airports, which will enhance services and boost revenues. The government is also planning on adding a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/486407bd-d8e3-4894-8d84-e916d1cd3c83\/today:-red-sea-disruption-continues-amid-the-houthi%25e2%2580%2599s-expanded-target-list\" style=\"\" rel=\"noopener\">new terminal at Cairo International Airport<\/a> that will accommodate an additional 30 mn passengers per year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- Egypt lines up another round of LNG imports: <\/strong>The Egyptian government is reportedly planning to import up to 17 shipments of LNG in 4Q 2024 to ensure the lights stay on after an extended period of power cuts, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/50206\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-17-%D8%B4%D8%AD%D9%86%D8%A9-%D8%BA%D8%A7%D8%B2-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9\/?utm_source=facebook&utm_medium=social&utm_campaign=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B4%D8%B1%D9%82---%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported on Friday, citing government sources. The government last week announced that it had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a2d8e31-7b35-4552-8bf5-9318de0121b4\/gov%25e2%2580%2599t-eyes-usd-4-bn-worth-of-hydropower-projects\" style=\"\" rel=\"noopener\">secured five LNG shipments<\/a> for the months of August and September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eni\u2019s LNG export ambitions seem to be on hold: <\/strong>\u201cWe cannot rule out that a few cargoes [of LNG] may be exported next winter. But for sure, it is not very likely,\u201d Eni COO Guido Brusco said during an earnings call last week, according to a report from industry publication Mees. The Italian oil and gas giant and major player in Egypt\u2019s energy ecosystem has received no assurances it will be able to soon restart exporting LNG, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER LNG EXPORT UPDATES- <\/strong><strong>Israel\u2019s <\/strong><strong>neighbors could get more gas: <\/strong>Israel\u2019s Leviathan offshore gas project is receiving a USD 429 mn investment to boost production and expand the field, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/israel-leviathan-partners-will-invest-429-million-boost-production-2024-08-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing a statement from the group. The plan involves expanding projection to 21 bn bcm per year, with the investment being plugged into front-end engineering design. The deep-sea field produces some 12 bn bcm of gas annually, and sells to Israel, Jordan, and Egypt.<\/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- <\/strong><strong>Iraq has inked a preliminary agreement with the UK\u2019s BP for the development of <\/strong><strong>the northern Kirkuk oil and gas fields<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/iraq-bp-plan-develop-kirkuk-oil-gas-fields-iraqi-pms-office-says-2024-08-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports on Thursday. BP will establish four oil and gas fields in Kirkuk as part of the agreement. The pair initially signed a letter of intent to evaluate the development of the oilfield back in 2013. Negotiations regarding the preliminary agreement are slated to be finished by 2025.<\/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-<\/strong> <strong>Tunisia is looking for a partner on its TND 1 mn Enfidha deep-water port project<\/strong>, and has already received three offers to finance the project, <a target=\"_blank\" href=\"https:\/\/en.africanmanager.com\/economy-minister-tells-parliament-enfidha-deep-water-port-project-underway-state-seeking-strategic-partner\/\" style=\"\" rel=\"noopener\">TAP<\/a> reported last week. Tunisian authorities have not accepted the offers, however, due to financial shortcomings. <\/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\">DISRUPTION WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Disruptions to global trade caused by tensions in the Red Sea will not be resolved <\/strong><strong>this year<\/strong>, shipping giant Maersk said in a <a target=\"_blank\" href=\"https:\/\/www.maersk.com\/news\/articles\/2024\/08\/01\/maersk-trading-update-for-q2-and-adjustment-of-full-year-guidance-2024\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. Trading conditions continue to experience above-average volatility due to Red Sea disruptions and an unstable supply and demand outlook for 4Q. The global container market volume is expected to rise for the full year by 4% to 6%, up from previous estimates of 2.5% to 4.5%, Maersk said. The number of container ships passing through the Suez Canal is down some 77% from last year, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-01\/maersk-boosts-full-year-guidance-amid-supply-chain-disruptions?embedded-checkout=true\" 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>#2- A number of international airlines have suspended flights to Beirut<\/strong>, with Kuwait Airways being the latest to indefinitely halt trips to the Lebanese capital, <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3169165&Language=en#\" style=\"\" rel=\"noopener\">Kuna<\/a> reported on Saturday. The flight cancellations come amid escalating tensions between Israel and Lebanon\u2019s Hezbollah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Several international airlines canceled or pushed back flights to and from Beirut airport <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3acdfcf1-f4e4-4fbc-85e2-9d7252e33ca8\/today:-qatar-airways-eyes-more-acquisitions-in-africa\" style=\"\" rel=\"noopener\">last week<\/a>, with many saying that they are continuing to monitor the situation. Germany\u2019s Lufthansa Group and Air France have suspended flights to Beirut, as have Jordan\u2019s Royal Jordanian, Middle East Airlines, Turkey\u2019s SunExpress, AJet, Greece\u2019s Aegean Airlines, and Ethiopian Airline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But others are still on schedule:<\/strong> Qatar Airways has denied reports that it had suspended flights to or from Beirut, Amman, and Baghdad, according to a statement on <a target=\"_blank\" href=\"https:\/\/x.com\/qatarairways\/status\/1819835614893576253\" style=\"\" rel=\"noopener\">X<\/a> posted on Saturday.<\/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- Oil prices slide to eight-month lows in early morning trading on the back of US recession fears offsetting concerns of Middle East tensions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-hovers-8-month-lows-us-recession-fears-offset-mideast-tensions-2024-08-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures settled at USD 76.77 a barrel by 00.35 GMT, while US West Texas Intermediate (WTI) traded at USD 73.39 a barrel. Despite worries about escalating tensions in the Middle East, Brent and WTI prices slid over 3% to settle at their lowest since January on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Opec+ kept its oil policy unchanged <\/strong>during an online meeting on Thursday, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7359.htm\" style=\"\" rel=\"noopener\">statement<\/a>. The cartel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c71757f0-4b42-4dec-8de4-b79281b5decd\/today:-eagl-snaps-up-95%2525-of-ticts-%2B-ksa-launches-new-ring-road\" style=\"\" rel=\"noopener\">left in place<\/a> current production cuts of 3.66 mn barrels per day (bbl \/ d) until the end of this September, before beginning to phase out the cuts of 2.2 mn bbl \/ d over the course of a year from October 2024 to September 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec oil output inched up in July following a rebound in Saudi Arabian supply and slim increase elsewhere countered the voluntary supply cuts efforts<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-oil-output-rises-july-saudi-rebound-survey-finds-2024-08-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing a Reuters survey. Opec pumped 26.7 mn barrels bpd last month, up 100k bpd from June. Saudi Arabia contributed to the largest supply boost in July, up to 70k bpd, with production reaching 9 mn bpd. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A price adjustment?<\/strong> The Kingdom has increased the price of its flagship crude oil, Arab Light, for Asian markets for the first time in three months, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-04\/saudi-arabia-hikes-oil-prices-to-asia-in-sign-of-faith-in-demand?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a price list it had seen. The September official selling price was raised by USD 0.2 to USD 2 \/ bbl above the regional Oman-Dubai benchmark. The story also got ink in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/saudi-arabia-increases-september-price-arab-light-crude-asia-2024-08-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What gives? <\/strong>This increase, although less than the USD 0.5 rise anticipated by a Bloomberg survey of traders and refiners, indicates Riyadh\u2019s confidence in the demand from Asia, the world's largest importer of crude.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Selling at a markdown to others: <\/strong>The price for Arab Light crude in Europe was reduced by USD 2.75, marking the biggest cut since the pandemic. Similarly, the price for the US decreased by the most significant amount since February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>Baltic index breaks 10-session decline streak: <\/strong>The Baltic Exchange\u2019s Dry Bulk Index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 was up 0.4% to 1,675 points on the back of gains in capesize rates, <a target=\"_blank\" href=\"https:\/\/www.hellenicshippingnews.com\/baltic-index-snaps-10-session-losing-streak-as-capesize-rates-gain\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Capesize inched up 1.7% to 2,327 points, while the panamax index was down 0.5% to 1,705 points. The smaller supramax index fell 0.7% to 1,342 points. <\/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 POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The Qatari port authority (Mwani) handled over 146k TEUs in July 2024<\/strong>, a 46% y-o-y increase due to a 132% boost in transshipments, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02xRnN3bNJkn88ksNjPv1rMUEJ49W6T2AjB7s3fQXFVY2rkexjbUy8NxH51gtatEudl&id=100064440502596\" style=\"\" rel=\"noopener\">statement<\/a>. The port operator processed 131.9k tons of cargo, 12.2k roro units, and 20k heads of livestock.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The UAE\u2019s Ajman Freezones Authority reported an 18% y-o-y increase in net <\/strong><strong>income in 1H 2024<\/strong> and a 70% growth in the number of companies operating in Ajman emirate, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/141tha9-ajman-free-zones-see-18-growth-net-profit-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reported. The authority attributes the boost in income to high occupancy rates for land, warehouses, and offices in the first six months of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Digital customs transactions at Abu Dhabi's border points grew 27% y-o-y in 1H 2024, <\/strong>according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-customs-records-27-growth-in-digital-transactions-in-the-first-half-of-2024\/\" style=\"\" rel=\"noopener\">statement<\/a>, citing Abu Dhabi Customs. Proactive and automated transactions increased 28% y-o-y during the period, making up a \u201csignificant portion\u201d of total customs transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customs declarations grew 2% y-o-y during the first six months of the year, <\/strong>with pre-arrival customs clearance transactions comprising 71% of the total, up 46% y-o-y.<\/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\">THE ENTERPRISE FINANCE FORUM- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are you planning to be in Egypt on 24 September? <\/strong>You may be interested in attending our 2024 Enterprise Finance Forum. Seating is strictly limited at our flagship, invitation-only forum for C-suite executives and other senior leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why attend? We\u2019re in the early days of a generational realignment of power in our <\/strong><strong>industry<\/strong> \u2014 in our region and beyond \u2014 and on the cusp of <strong>the biggest intergenerational transfer of wealth the world has ever seen<\/strong>. With that as the backdrop, we\u2019re going to take stock of where we stand six months after the float of the EGP and ask what\u2019s next for finance in Egypt and the wider region. Among the questions we\u2019ll be asking:<\/p>\n<ul>\n<li>What roles will Egypt, Saudi and the UAE play in the regional industry going forward? <\/li>\n<li>What are foreign investors looking for right now? <\/li>\n<li>Is real estate the only asset class in Egypt?<\/li>\n<li>What does the next generation of leaders think as they take over established family businesses? <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to request an invitation? <\/strong>Tap or click the image below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/272.jpg?ssl=1\"\/><\/a> <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/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:\/\/www.saudilogisticsexpo.com\/\" style=\"\" rel=\"noopener\">Saudi Warehousing and Logistics Expo<\/a><\/strong><strong> on Monday, 2 <\/strong><strong>September to Wednesday, 4 September <\/strong>in Riyadh. The event will bring together leaders in the supply chain, warehousing, and logistics industry from across the Kingdom to discuss investments, trade, geopolitical risks, and localized manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\" rel=\"noopener\">Egypt International Airshow<\/a><\/strong><strong> on Tuesday, 3 September to Thursday, <\/strong><strong>5 September <\/strong>in El Alamein. The event will host a range of discussions touching on industrialization, digitalization, and globalization in the regional commercial aviation sector. During the event, aircrafts and innovative aerospace products, and services will be showcased.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.skymovemena.com\/\" style=\"\" rel=\"noopener\">SkyMove MENA<\/a><\/strong><strong> on Tuesday, 10 September and Wednesday, 11 <\/strong><strong>September<\/strong> in Riyadh. The event will gather global industry stakeholders, experts, and service providers to discuss challenges in the regional aviation industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/turkey\/\">Turkey<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/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=\"80144\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/uaes-mgx-joins-consortium-bidding-for-usd-20-bn-airtrunk-acquisition\/\">\r\n                            UAE\u2019s MGX joins consortium bidding for USD 20 bn AirTrunk acquisition                        <\/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\/08\/05\/uaes-mgx-joins-consortium-bidding-for-usd-20-bn-airtrunk-acquisition\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80146\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/uaes-mgx-joins-consortium-bidding-for-usd-20-bn-airtrunk-acquisition\/237-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80145\" class=\"content-area-description single-story post-80145 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-data-centers tag-ma-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\/8\/.626b2e50-9ed4-4a05-b9bd-aa74844f7050.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MGX makes its first overseas play: <\/strong>Abu Dhabi-based AI investment company MGX has reportedly joined a consortium led by <a target=\"_blank\" href=\"https:\/\/www.ifminvestors.com\/\" style=\"\" rel=\"noopener\">IFM Investors<\/a>, <a target=\"_blank\" href=\"https:\/\/www.digitalbridge.com\/\" style=\"\" rel=\"noopener\">DigitalBridge<\/a>, <a target=\"_blank\" href=\"https:\/\/www.silverlake.com\/\" style=\"\" rel=\"noopener\">Silver Lake Management<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.global-infra.com\/\" style=\"\" rel=\"noopener\">Global Infrastructure Partners<\/a> (GIF) in bidding for Australian data center operator <a target=\"_blank\" href=\"https:\/\/airtrunk.com\/\" style=\"\" rel=\"noopener\">AirTrunk<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.afr.com\/street-talk\/abu-dhabi-fund-flies-into-ifm-consortium-at-airtrunk-s-20b-sale-20240804-p5jzbq\" style=\"\" rel=\"noopener\">Australian Financial Review<\/a> reports. The sale of AirTunk is expected to be one of the largest digital infrastructure transactions in Asia Pacific this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Background: <\/strong><span style=\"background-color: transparent;\">AirTrunk kicked off the sale process in <\/span><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/macquarie-canadas-psp-starts-airtrunk-data-centre-sales-process-source-says-2024-03-19\/\" rel=\"noopener\">March<\/a><span style=\"background-color: transparent;\">, seeking around USD 20 bn, with at least two bidders in the fray, <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-29\/silver-lake-is-said-to-join-ifm-backed-group-in-airtrunk-bidding\" rel=\"noopener\">Bloomberg<\/a><span style=\"background-color: transparent;\"> reports. US alternative investment manager Blackstone has also reportedly shown interest in AirTrunk. Private credit funds are reportedly looking to provide <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-02\/private-credit-firms-weigh-1-billion-loan-for-airtrunk-bidders\" rel=\"noopener\">AUD 1.5 bn<\/a><span style=\"background-color: transparent;\"> (c. USD 978 mn) in junior debt to support a potential buyout of the data center operator. This financing would be accompanied by a <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-24\/airtrunk-s-owners-said-to-seek-a-waiver-from-current-lenders\" rel=\"noopener\">AUD 7 bn (c. USD 4.5 bn) loan<\/a><span style=\"background-color: transparent;\"> from several banks including HSBC Holdings and Credit Agricole.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>MGX, formed last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6b72b38a-9260-428f-bc60-adf550deb3f6\/abu-dhabi-rolls-out-new-investment-company-for-ai-and-tech\" style=\"\" rel=\"noopener\">March<\/a> by the Artificial Intelligence and Advanced Technology Council, is targeting more than USD 100 bn in assets under management in a few years. The company was reportedly also looking to invest in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/976fe709-9cb0-4bc5-b79b-0b4661d46cb5\/world-government-summit-kicks-off-in-dubai-today\" style=\"\" rel=\"noopener\">OpenAI\u2019s new AI chip and power production venture<\/a>, which is estimated to require some USD 7 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About AirTrunk: <\/strong>The data center giant designs, builds and operates some of the largest independent hyperscale data centers in Asia Pacific, spanning Australia, Singapore, Hong Kong, Japan, and Malaysia. The data center operator was sold in 2020 to Macquarie Infrastructure &amp; Real Assets, in a transaction that valued AirTrunk at AUD 3 bn (c. USD 2.1 bn).<\/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\/ma-watch\/\">M&amp;A 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=\"80147\" 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=\"80147\">\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\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/bp-to-acquire-49-in-omans-hyport-duqm-green-hydrogen-project\/\">\r\n                            BP to acquire 49% in Oman\u2019s Hyport Duqm green hydrogen project                        <\/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\/08\/05\/bp-to-acquire-49-in-omans-hyport-duqm-green-hydrogen-project\/\" 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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Under the agreement, BP will serve as the operator of the project which is being developed in Oman\u2019s Special Economic Zone at Duqm (SEZAD).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The transaction is slated for completion in 3Q 2024 and the green ammonia produced from green hydrogen at the facility will be exported to European and Asian markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">More details: <\/strong><span style=\"background-color: transparent;\">The project \u2014 the first large-scale green hydrogen project in Oman \u2014 covers an area of 150 sq km at SEZAD with a production capacity of 1.3 GW in the first phase and more than 2.7 GW upon completion of the second phase. The project aims to supply several industries that have set decarbonization goals. The project is in the pre-front-end engineering design phase and is set to be operational in 2030-2031.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deme has footprints in the region: <\/strong>An international consortium led by Deme will set up a green hydrogen and green ammonia plant in Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e7d3e1a1-ce75-4e68-af8c-20a3ca2c4284\/the-egypt-eu-investment-summit-brings-big-export-potential-for-egypt\" style=\"\" rel=\"noopener\">Port of Gargoub\u2019s industrial zone<\/a> after the firm inked an agreement with the New and Renewable Energy Authority (NREA) and the Alexandria Port Authority. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Oman is targeting the production of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/72d33bae-9f1a-4c3d-a4f2-f8b7def5cd9c\" style=\"\" rel=\"noopener\">1.38 mn tons of hydrogen<\/a> annually by 2030. Its state-owned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/119c4208-382b-44f0-8738-aa7b495f86bc\" style=\"\" rel=\"noopener\">Hydrom<\/a> signed an agreement last year with the Hyport Duqm Consortium for the construction of a green hydrogen production facility to produce some 1 mn tons of green ammonia. OQ Alternative Energy \u2014 the green unit of OQ \u2014 is also among the backers of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/49e9b05d-b30e-428c-8be7-69fec3f4bc84\" style=\"\" rel=\"noopener\">Green Energy Oman<\/a> clean fuel hub, which will aim for a production capacity of 1.8 mn tons of green hydrogen annually, supplemented by 25 GW of renewables.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80149 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"80149\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/80149\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80149\" class=\"content-area-description single-story post-80149 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80150\" 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=\"80150\">\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\">Ports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/egyptian-consortium-inks-usd-600-mn-agreement-to-establish-offshore-facility-import-pipeline\/\">\r\n                            Egyptian consortium inks USD 600 mn agreement to establish offshore facility + import pipeline                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/254.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"254.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/254.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/254.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80150\" class=\"content-area-description single-story post-80150 post type-post status-publish format-standard has-post-thumbnail hentry category-ports tag-egypt tag-ports tag-projects tag-supply-chains 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\/8\/.ea72b79b-5f6d-41bc-b43e-74c3a82b3e8f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new ethane pipeline for Egypt:<\/strong> A consortium of state-owned companies plans to construct a USD 40 mn pipeline to transport imported liquified ethane gas derived from US shale gas from a station at Alexandria's Dekheila Port to Sidi Kerir Petrochemicals (Sidpec) and the Egyptian Ethylene and Derivatives Company (Ethydco), a source from the government told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">More about the station: <\/strong><span style=\"background-color: transparent;\">State-owned companies Egyptian Petrochemicals Holding, Sidpec, and the Egyptian Natural Gas Company (Gasco) alongside private sector player Gama Construction <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa502c18-61d8-4c08-85c2-ddc1402eefe7\/\" rel=\"noopener\">came together to form a USD 660 mn joint venture<\/a><span style=\"background-color: transparent;\"> \u2014 dubbed Alexandria for Supply Chain Company \u2014 to set up a permanent offshore facility at the Dekheila Port. The new joint venture aims to import 1.1 mn tons of liquefied ethane gas a year, ensuring a steady supply of raw materials for the petrochemical industry in the region.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The project will feature two 400-meter-long sea berths with up to 20 meters of sea depth and a 400k sqm yard that will house storage warehouses, gasification units, and logistics services, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid031fjUR9dLdzMiYMTGWBYDguEwf1d9UF8oLwRzJcsLw1KjfuKM6KvaHBA6SASjsVdcl\" style=\"\" rel=\"noopener\">statement<\/a>. The project will accommodate large tankers with a capacity of up to 300k tons and handle up to 5 mn tons per year. The facility also aims to facilitate the state\u2019s plan to import 1.1 mn tons of liquefied ethane gas per year. Sidpec and Ethydco will be responsible for tendering and contracting global gas suppliers once construction is complete, the official said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More about the pipeline:<\/strong> The 40-km pipeline will be built by Gasco, which will also finance the project in exchange for a transportation fee of around USD 20 per ton, as well as the right to fully manage and maintain the pipeline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Gasco will launch a tender for the pipeline's construction this month, with implementation expected to begin in January for a two-year period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Sidpec and Abu Qir fertilizers announced a total shutdown of operations at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32fbe8ad-e741-4025-b286-1d61f14a199f\" style=\"\" rel=\"noopener\">their<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32fbe8ad-e741-4025-b286-1d61f14a199f\" style=\"\" rel=\"noopener\">plants in June<\/a> due to a \u201clack of feed gasses,\u201d as high temperatures, increasing electricity consumption prices, and cuts to the regional gas supply adversely impacted fertilizers companies. Misr Fertilizer Production Company and Kima also ceased natural gas supplies to their plants at the time due to the continued heat wave, which caused \u201can unprecedented increase in energy consumption rates,\u201d as well as the \u201chalt in some regional gas supply sources.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80152\" 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=\"80152\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/\">\r\n                            Masdar + TotalEnergies explore SAF and green methanol production                        <\/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\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/\" 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\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/')\">\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\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/\">\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=Masdar + TotalEnergies explore SAF and green methanol production&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/\">\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\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/&title=Masdar + TotalEnergies explore SAF and green methanol production\">\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=Masdar+%2B+TotalEnergies+explore+SAF+and+green+methanol+production+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F05%2Fmasdar-totalenergies-explore-saf-and-green-methanol-production%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\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80153\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/masdar-totalenergies-explore-saf-and-green-methanol-production\/305-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"305.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/305.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80152\" class=\"content-area-description single-story post-80152 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-green-hydrogen tag-green-methanol tag-shipping-maritime tag-sustainable-aviation-fuels 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\/8\/.2363a975-5e9e-4449-bce2-da1a798652dd.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A potential new SAF venture between Masdar and TotalEnergies: <\/strong>UAE\u2019s renewables giant Masdar and French oil major TotalEnergies signed an agreement to explore the feasibility of using captured CO2 to produce sustainable aviation fuel (SAF) and green methanol, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-and-totalenergies-to-develop-a-commercial-green-hydrogen\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What we know: <\/strong><span style=\"background-color: transparent;\">The project will focus on decarbonizing \u201chard to abate, emission intensive sectors\u201d including aviation and maritime industries, according to the statement. It will aim to use captured CO2 from industrial sources and green hydrogen as a feedstock to produce green methanol and SAF.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Building on prior agreements:<\/strong> The agreement follows a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1f26c512-0555-49d7-a1e4-dcd387ac5afe\" style=\"\" rel=\"noopener\">successful test flight<\/a> during COP28 by a consortium comprising Masdar, TotalEnergies, Airbus, Axens, and Falcon Aviation Services demonstrating the potential for converting methanol to SAF. The UAE General Civil Aviation Authority worked with the companies on the pilot flight.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Methanol isn't among the alcohols in the <a target=\"_blank\" href=\"https:\/\/pubs.acs.org\/doi\/abs\/10.1021\/acs.energyfuels.3c01805#:~:text=Abstract-,Alcohol%2Dto%2DJet%20Synthetic%20Paraffinic%20Kerosene%20(AtJ%2DSPK,to%20describe%20its%20combustion%20behavior.\" style=\"\" rel=\"noopener\">Alcohol-to-Jet Synthetic Paraffinic<\/a><a target=\"_blank\" href=\"https:\/\/pubs.acs.org\/doi\/abs\/10.1021\/acs.energyfuels.3c01805#:~:text=Abstract-,Alcohol%2Dto%2DJet%20Synthetic%20Paraffinic%20Kerosene%20(AtJ%2DSPK,to%20describe%20its%20combustion%20behavior.\" style=\"\" rel=\"noopener\">Kerosene pathway<\/a> which was certified in 2016 as meeting international standards for jet fuel. However, the flight used an SAF blend made from <a target=\"_blank\" href=\"https:\/\/www.chemicalsafetyfacts.org\/chemicals\/olefins\/#:~:text=Olefins%20are%20a%20class%20of,butadiene%20are%20examples%20of%20olefins.\" style=\"\" rel=\"noopener\">olefins<\/a>, which can bypass the restrictions for obtaining the certificate. This new method can eventually allow for SAF to be produced from renewables (eSAF).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Masdar has big SAF plans: <\/strong>Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8230c15-8513-4dcd-9dbe-67e14f8bcd8c\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Airbus to jointly develop sustainable aviation fuels last year. The company also partnered with France\u2019s Hy24-managed Clean Hydrogen Infrastructure Fund to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/26abd520-5946-4238-83f9-ecedd0d5060c\" style=\"\" rel=\"noopener\">boost large-scale green hydrogen production projects<\/a> globally under efforts to set up a clean energy production value chain from renewables, to green hydrogen and its derivatives including green ammonia, e-methanol, sustainable aviation fuel, and liquid hydrogen. Masdar also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5d5aa6c9-4c51-43ae-b76b-77446ea36e08\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with US aircraft maker Boeing to advance and support the development and adoption of SAF policies and projects locally and abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And so does TotalEnergies: <\/strong>Satorp \u2014 a JV between Saudi oil giant Aramco and TotalEnergies \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6bbd48a5-1a5b-45d0-ba5d-db9293efcfce\" style=\"\" rel=\"noopener\">successfully converted<\/a> cooking oil into SAF last November. The project will contribute to TotalEnergies\u2019 goal of producing 1.5 mT of SAF annually by 2030. TotalEnergies and Airbus also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/26a45a85-8b5b-41bf-aea3-dbfcd50a23f0\" style=\"\" rel=\"noopener\">inked a partnership<\/a> earlier this year that would see TotalEnergies supplying Airbus with more than half of its needs in Europe for SAF. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/green-methanol\/\">green methanol<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/sustainable-aviation-fuels\/\">sustainable aviation fuels<\/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=\"80154 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=\"80154\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/80154\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80154\" class=\"content-area-description single-story post-80154 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/transmar.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2700.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80155\" 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=\"80155\">\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\">Purchasing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/\">\r\n                            KSA, UAE and Egypt non-oil private sector activity tell a mixed tale in July                        <\/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\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/\" 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\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/')\">\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\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=KSA, UAE and Egypt non-oil private sector activity tell a mixed tale in July&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/\">\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\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/&title=KSA, UAE and Egypt non-oil private sector activity tell a mixed tale in July\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=KSA%2C+UAE+and+Egypt+non-oil+private+sector+activity+tell+a+mixed+tale+in+July+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F05%2Fksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july%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\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/207.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80156\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/ksa-uae-and-egypt-non-oil-private-sector-activity-tell-a-mixed-tale-in-july\/207-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/207.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"207.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/207.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/207.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80155\" class=\"content-area-description single-story post-80155 post type-post status-publish format-standard has-post-thumbnail hentry category-purchasing tag-egypt tag-purchasing tag-saudi-arabia tag-supply-chains 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\/8\/.0565126d-ee4f-4af7-8d71-6a2920dff58e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How UAE + Saudi + Egypt\u2019s non-oil private sectors performed in July:<\/strong> Purchasing manager indices (PMI) tracking non-energy sectors in the three countries told a mixed tale in July. Saudi Arabia and the UAE held above the 50.0 mark threshold, but softening output underpinned growth in both countries, causing market optimism to falter. Egypt saw a slight drop in its headline PMI, buoyed by new export orders, employment rates and reduced backlogs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The all-important 50.0 mark is the threshold separating contraction from growth. Anything above 50 denotes expansion, while anything below indicates contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">First up, Saudi Arabia: <\/strong><span style=\"background-color: transparent;\">Non-oil business activity in the Kingdom continued to grow, at a soft but steady pace in July, as output levels, purchasing activity, and new exports rose, despite a lull in new orders and growing competitive pressures, according to <\/span><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/301.pdf\" rel=\"noopener\">Riyad bank Saudi Arabia PMI (pdf)<\/a><span style=\"background-color: transparent;\">. The headline reading dipped to 54.4 in July, from 55.0 in June, falling for a third month straight.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New order intakes increased at their lowest rate in some 2.5 years on the back of growing input costs<\/strong>, while selling prices dropped due to strong internal competition and capacity pressures caused by an ongoing heatwave. Output growth eased to its lowest level in six months and new orders hit their lowest mark in two and a half years despite demand conditions pushing up sales and output growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Purchasing activity surged at the steepest rate in three months,<\/strong> buoyed by growing client demand as firms look to solidify their stock inputs. Employment figures also rose modestly in July in a bid to maintain backlogs in the Kingdom\u2019s non-oil sector despite capacity stresses due to the heatwave. Delivery speed continued to improve. Balanced input prices, cost of purchases and staff costs eased inflationary pressures, by stabilizing output prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a positive note: <\/strong>New exports also grew, indicating that \u201cSaudi businesses are successfully penetrating international markets, which bodes well for diversification of the economy,\u201d Riyad Bank Chief Economist Naif Al Ghaith said in the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in the UAE: <\/strong>Non-oil business activity rose at the slowest pace in almost three years in July, due to competitive conditions, rising input prices and growing backlogs, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/302.pdf\" style=\"\" rel=\"noopener\">S&amp;P Global\u2019s PMI (pdf)<\/a>. The country\u2019s headline reading dipped to 53.7 in July, from 54.6 in June, yet still remained firmly above the 50.0 neutral threshold. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Backlogs surged in July due to supply and administrative lags,<\/strong> causing inventory volumes to slightly fall for the first time in almost four years, as firms dug into their inputs to avoid project overruns. Businesses also noted that increased competition drove up backlogs, as non-oil firms took on more than they could handle to secure returning clients.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Purchasing expenses were steep:<\/strong> Inflation rates grew at its fastest rate in two years, and selling prices rose, as non-oil companies experienced a spike in input costs during June. Businesses linked the rising prices to high material price costs and higher wages. Employment eased to a six month low.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The silver lining: <\/strong>New orders rose, as demand conditions remained stable, and new exports grew at the second-strongest rate in nine months. Delivery times continued to improve at a strong rate. Generally, the UAE\u2019s non-oil sector is \u201cexpanding solidly and could be strengthened if companies start to get on top of their workloads,\u201d said S&amp;P Senior Economist David Owen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt told a mixed tale:<\/strong> Non-oil activity marginally dropped in July, as output and new orders fell slightly resulting in businesses capping their purchasing rates, yet rates still maintained a near-two-year high after reaching peak levels in June, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/303.pdf\" style=\"\" rel=\"noopener\">S&amp;P Global\u2019s Egypt PMI (pdf)<\/a>. Egypt\u2019s headline purchasing manager\u2019s index dipped slightly to 49.7 in July, from 49.9 in June, settling right below the 50.0 mark and reaching its second-highest level in three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Output rates fell at a minor rate<\/strong>, as sales weakened due to building price pressures and inflationary pressures loomed over businesses. New orders marginally dropped, with some 9% of businesses surveyed reporting a decline in sales and conversely 7% reporting an increase. Purchasing rates fell at a four month low, as companies adjusted their purchases to reflect a dip in orders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New export orders were on the rise,<\/strong> growing for a third consecutive month, as international demand expands. Backlogs fell at their fastest rate in over a year and employment rates rose, as businesses remain optimistic that conditions will improve.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation overshadowed the non-oil market:<\/strong> Input prices spiked for a second month, hitting the highest rate since March, with 14% of firms reporting a rise in prices. Selling prices only modestly increased in return.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sentiment was upbeat for a change in Egypt: <\/strong>Non-oil firms forecast a boost in activity over the next 12 months, as market optimism grew. Inflationary pressures were \u201csubdued compared to heightened rates in recent years,\u201d Owen said. Yet, a \u201cslight pick-up in input cost inflation in July\u201d could leave firms uncertain about prices picking up again in the future. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While it took a dip over in the UAE + KSA: <\/strong>The degree of confidence in both the UAE and KSA took a hit in July, due to softened output and input growth rates. Nevertheless, in both countries the year-ahead outlook remained positive, with businesses banking on high client demand, healthy work pipelines and incoming investments.<\/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\/purchasing\/\">PURCHASING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/supply-chains\/\">supply chains<\/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=\"80157\" 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=\"80157\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/pif-chinese-banks-inks-mous-worth-up-to-usd-50-bn-to-ramp-up-priority-sectors\/\">\r\n                            PIF, Chinese banks inks MoUs worth up to USD 50 bn to ramp up priority sectors                        <\/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\/08\/05\/pif-chinese-banks-inks-mous-worth-up-to-usd-50-bn-to-ramp-up-priority-sectors\/\" 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 move comes in a bid to spur \u201ctwo-way capital flows through both debt and equity, and come as part of PIF\u2019s strategy to foster institutional partnerships globally,\u201d the press release reads. PIF governor Yasir Al Rumayyan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/24ca9eb1-d862-47fb-99c6-c3fedd4f60d0\/%253cmark%253echina%253c%2Fmark%253e-is-looking-to-boost-trade,-investment-ties-with-saudi\" style=\"\" rel=\"noopener\">was in China last month<\/a> where Beijing singled-out priority areas including infrastructure and energy as well as the digital and green economies for investments by the wealth fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The statement doesn\u2019t make clear who\u2019s providing financing to whom \u2014 or for what. <\/strong><span style=\"background-color: transparent;\">Given the profiles of the Chinese lenders, we expect the agreements will largely (but not exclusively) see Chinese lenders providing finance for Chinese companies doing business in Saudi as well as for Saudi companies investing in or sourcing from China.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Which Chinese lenders are involved?<\/strong><\/p>\n<ul>\n<li>Agricultural Bank of China (ABC)<\/li>\n<li>Bank of China (BoC)<\/li>\n<li>China Construction Bank (CCB)<\/li>\n<li>China Export &amp; Credit Insurance Corporation (SINOSURE)<\/li>\n<li>Export-Import Bank of China (CEXIM)<\/li>\n<li>Industrial and Commercial Bank of China (ICBC)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Priority sectors? <\/strong>Look for trade finance, infrastructure, manufacturing, as well as petchems and manufacturing to be among the priority sectors.<\/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\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80159\" 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=\"80159\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/uae-azerbaijan-develop-economic-ties-gcc-indonesia-trade-talks-kick-off\/\">\r\n                            UAE, Azerbaijan develop economic ties + GCC-Indonesia trade talks kick off                        <\/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\/08\/05\/uae-azerbaijan-develop-economic-ties-gcc-indonesia-trade-talks-kick-off\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/127.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80160\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/uae-azerbaijan-develop-economic-ties-gcc-indonesia-trade-talks-kick-off\/127-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/127.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"127.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/127.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/127.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80159\" class=\"content-area-description single-story post-80159 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.c5b51749-503c-40af-9a44-a9f82784c63c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE + Azerbaijan bolster partnership: <\/strong>Azerbaijan and the UAE discussed expanding economic partnerships across various sectors, including tourism, logistics, industry, agriculture, SMEs, technology, and renewable energy during an intergovernmental committee session chaired by Economy Minister Abdullah bin Touq Al Marri and his Azerbaijani counterpart Mikayil Jabbarov, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4geiqs-uae-azerbaijan-agree-develop-economic-partnership\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The UAE and Azerbaijan agreed to establish joint work teams <\/strong><span style=\"background-color: transparent;\">to explore further economic cooperation in priority industries across the private and public sectors.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The delegations also agreed to provide support for exporters and importers in a bid to boost bilateral trade<\/strong> and facilitate Azerbaijani exports to regional markets. The session also explored launching initiatives to support startup growth and boosting investments, particularly in the food and manufacturing industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>GCC-Indonesia trade talks kick off:<\/strong> GCC Secretary Jasem Mohamed Albudaiwi and Indonesian Trade Minister Zulkifli Hasan kicked off negotiations for a trade agreement last week in Riyadh. The first round of talks are slated to start this year, with plans to wrap talks within the next two years. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4geich-gcc-indonesia-launches-free-trade-agreement-talks\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Iran + EAEU to boost trade<\/strong><strong>:<\/strong> Iran will soon launch a Freetrade Agreement (FTA) with the Eurasian Economic Union (EAEU), with talks having recently entered their final stage. The agreement is set to eliminate tariffs on over 87% of traded goods between the two parties. (<a target=\"_blank\" href=\"https:\/\/en.mehrnews.com\/news\/218954\/FTA-between-Iran-EAEU-to-be-launched-soon-TPOI-deputy\" style=\"\" rel=\"noopener\">Mehr<\/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\/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                            <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=\"80161\" 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=\"80161\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/data-centers-ports-and-trade-news-from-the-uae-egypt-and-saudi-arabia\/\">\r\n                            Data centers, ports, and trade news from the UAE, Egypt and Saudi Arabia                        <\/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\/08\/05\/data-centers-ports-and-trade-news-from-the-uae-egypt-and-saudi-arabia\/\" 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 facility will focus on biotechnological research and renewable energy generation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">AVIATION-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sanad + Airbus form MRO partnership<\/strong><strong>:<\/strong> The UAE\u2019s sovereign investment fund Mubadala Investment Company\u2019s aerospace engineering and leasing subsidiary Sanad is partnering with Airbus to provide maintenance, repair, and overhaul (MRO) for Airbus engines, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4ft3gh-sanad-signs-partnership-agreement-with-airbus\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> Under the partnership, Sanad will provide MRO services for Airbus single aisle aircraft engines, including A320 and A321, as well as wide-body aircrafts including the A330. Sanad\u2019s MRO services will cover Rolls Royce Trent 700, International Aero Engines V2500-A5, and CFM LEAP-1A engines.<\/p>\n<p class=\"tag-border-left\">ZONES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Misr Oils and Soap to sell share of feeder factory<\/strong><strong>:<\/strong> Egypt\u2019s Misr Oils and Soap Company has launched a public sales offer for its feed factory in Dakahlia\u2019s Mit Ghamr, with submissions accepted until 21 August, <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4321962\/%D9%85%D8%B5%D8%B1-%D9%84%D9%84%D8%B2%D9%8A%D9%88%D8%AA-%D9%88%D8%A7%D9%84%D8%B5%D8%A7%D8%A8%D9%88%D9%86-%D8%AA%D8%B9%D9%84%D9%86-%D8%B7%D8%B1%D8%AD-%D9%85%D8%B5%D9%86%D8%B9-%D8%AA%D8%A7%D8%A8%D8%B9-%D9%84%D9%87%D8%A7-%D9%81%D9%8A-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-%D8%B9%D9%84%D9%86%D9%8A%D8%A9\/#:~:text=%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9%20%2D%20%D9%85%D8%A8%D8%A7%D8%B4%D8%B1%3A%20%D8%A3%D8%B9%D9%84%D9%86%D8%AA%20%D8%B4%D8%B1%D9%83%D8%A9%20%D9%85%D8%B5%D8%B1,%D9%85%D8%AA%D8%B1%20%D8%A8%D9%85%D8%A7%20%D8%B9%D9%84%D9%8A%D9%87%D8%A7%20%D9%85%D9%86%20%D9%85%D8%A8%D8%A7%D9%86%D9%8A.\" style=\"\" rel=\"noopener\">Mubasher<\/a> reported on Thursday, citing an Egyptian Stock Exchange statement. The 1k sqm feed factory, along with its supporting buildings, will be put on offer.<\/p>\n<p class=\"tag-border-left\">EQUIPMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dnata adds 24 electric tugs to its S\u00e3o Paulo GSE fleet<\/strong><strong>:<\/strong> UAE-based ground handling firm Dnata is plugging USD 1.7 mn into expanding its ground support equipment (GSE) fleet and reducing carbon emissions at Brazil\u2019s S\u00e3o Paulo International Airport, according to a <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnata-enhances-environmental-efficiency-with-major-fleet-upgrade-in-brazil\/\" style=\"\" rel=\"noopener\">statement<\/a> published on Thursday. The firm is adding 24 electric tugs to its GSE fleet, which should reduce over 420 tonnes of carbon emissions per year.<\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA + Chile to expand trade and investments<\/strong><strong>: <\/strong>KSA\u2019s Export-Import Bank (Saudi EXIM Bank) has inked a MoU with the Chilean Foreign Investment Promotion Agency (InvestChile) to boost the Kingdom\u2019s exports and investments in Chile, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2147112\" style=\"\" rel=\"noopener\">SPA<\/a> reported last week. Under the MoU, the pair aim to set up investment initiatives and develop cooperation between commercial industries in both countries.<\/p>\n<p class=\"tag-border-left\">PORTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports to integrate sustainable operation practices at Congo\u2019s East Mole <\/strong><strong>Terminal<\/strong><strong>:<\/strong> The UAE\u2019s AD Ports has completed an environmental and social impact study on Congo\u2019s East Mole Terminal in Pointe Noire as part of the firm\u2019s 30-year concession agreement with the Congolese government, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/07\/31\/development-of-the-environmental-and-social-impact-study-for-east-mole-terminal-in-pointe-noire\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The study outlines recommendations for the firm to boost social, communal, and environmental performance of the project throughout its construction and operational phases. AD Ports will also integrate digital services and technological solutions into the new port facility to limit adverse environmental impact of its operations at the terminal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Qatar Airways streamlines cargo booking<\/strong><strong>: <\/strong>Qatar Airways has launched a new service on its digital lounge portal, dubbed My Allotments, that allows customers to book allotments, confirm bookings, and access to a personalized allotment view. The feature will aid in avoiding overbooking by enabling customers to effortlessly monitor available inventory and efficiently plan allotment shipments in advance. (<a target=\"_blank\" href=\"https:\/\/www.qrcargo.com\/s\/company\/press-releases\/a0zP1000002PR8oIAG\/qatar-airways-cargo-unveils-my-allotments-a-key-feature-introduced-on-the-dl\" 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\/data-centers\/\">DATA CENTERS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/zones\/\">ZONES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80163\" 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=\"80163\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/\">\r\n                            Earnings updates flow in from global aviation giants + China trade squabbles continue                        <\/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\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/\" 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\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/')\">\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\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/\">\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=Earnings updates flow in from global aviation giants + China trade squabbles continue&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/\">\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\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/&title=Earnings updates flow in from global aviation giants + China trade squabbles continue\">\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=Earnings+updates+flow+in+from+global+aviation+giants+%2B+China+trade+squabbles+continue+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F05%2Fearnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue%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\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/290.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80164\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/05\/earnings-updates-flow-in-from-global-aviation-giants-china-trade-squabbles-continue\/290-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/290.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"290.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/290.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/290.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80163\" class=\"content-area-description single-story post-80163 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation tag-boeing tag-dhl 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\/8\/.ee09fcbc-5e44-4477-b85a-08b2995776b9.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DHL\u2019s earnings match up with market forecasts<\/strong><strong>: <\/strong>DHL\u2019s topline grew in 2Q, raking in EUR 20.6 bn, a marginal increase from EUR 20.1 bn in the same period last year, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/83.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> published on Thursday. The firm\u2019s 2Q operating income met market expectations, dropping to EUR 1.35 bn from EUR 1.7 bn the year prior. \u201cAir and ocean freight volumes further improved in the second quarter from a low starting level. However, we are not observing a broad-based recovery of global trade yet,\u201d CEO Melanie Kreis said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boeing\u2019s 2Q earnings paint a bleak picture<\/strong><strong>:<\/strong> Boeing\u2019s bottomline plummeted to USD 1.44 bn in 2Q, a USD 149 mn net loss from last year, according to a <a target=\"_blank\" href=\"https:\/\/investors.boeing.com\/investors\/news\/press-release-details\/2024\/Boeing-Reports-Second-Quarter-Results\/default.aspx\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The plane manufacturer's topline also fell by 15% y-o-y to USD 16.8 bn, down from USD 19.7 bn the year prior. The firm\u2019s earnings have been dragged down by losses in its defense and space businesses, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/boeing-posts-bigger-loss-defense-business-struggles-turn-around-2024-07-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Boeing is forecasted to burn cash rather than generate this year due to reduced jet deliveries, CFO Brian West said in May. The plane manufacturer has already cut down on its commercial aircraft production to address quality concerns after a panel <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\">flew off mid-flight<\/a> on a Boeing jet back in January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rough ride: <\/strong>It's been a tough year for Boeing, as the firm has faced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/01ce0bc0-97f8-463f-bc42-22b7b0d9a5da\/%253cmark%253eboeing%253c%2Fmark%253e%25e2%2580%2599s-1q-2024-earnings-were-better-than-anticipated\" style=\"\" rel=\"noopener\">losses<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6c2d95d0-af23-4c61-b415-b42e71517ccf\/boeing-787-dreamliner-production-rate-increase-dips\" style=\"\" rel=\"noopener\">production delays<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/85713ebe-cd3a-46fd-966e-be8cd0ccfef2\/today:-adnoc-sells-off-40%2525-of-ruwais-lng-%2B-gulfnav-set-to-acquire-brooge-by-3q\" style=\"\" rel=\"noopener\">a lawsuit<\/a>. Despite the turbulence, Boeing is still netting USD bns in orders, with Emirates\u2019 cargo arm Emirates SkyCargo placing an order for five Boeing 777 freighters <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a81a5e64-1b24-4e2b-b80f-d3233f1f8ee9\/emirates-skycargo-places-usd-1-bn-order-for-five%253cmark%253e-boeing%253c%2Fmark%253e-777-freighters\" style=\"\" rel=\"noopener\">last month<\/a>, slated for immediate delivery between 2025 and 2026. Qatar Airways also inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7cdb0fb7-5847-44d0-b055-d82805e53803\/qatar-airways-orders-20-new%253cmark%253e-boeing%253c%2Fmark%253e-777-aircrafts\" style=\"\" rel=\"noopener\">in July<\/a> with Boeing to add 20 of the firm\u2019s 777-9 carriers to its order book on top of its existing order of 40 777-9s.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">World\u2019s top lithium producer wants help <\/strong><strong style=\"background-color: transparent;\">against Chinese market dominance: <\/strong><span style=\"background-color: transparent;\">US-based Albermale \u2014 the world\u2019s largest lithium producer \u2014 is urging governments to help it compete against Chinese lithium, a key component in EVs and plug-in hybrid vehicles, the <\/span><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d20a42be-c5f8-4bcb-a93a-8272df4b56d0\" rel=\"noopener\">Financial Times<\/a><span style=\"background-color: transparent;\"> reports. A collapse in the lithium market has made it difficult for Western groups to compete against Chinese companies because of their cheaper costs. \u201cIf we're going to build Western supply chains [for electric cars], then action needs to be taken now,\u201d CEO Kent Masters told FT.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Albermale has been suffering: <\/strong>The US-based group announced its second round of cost-cutting plans in 2024, which will involve canceling a production line and halting expansion at its Kemerton lithium hydroxide refinery in Australia \u2014 a move that reflects China\u2019s dominance over refining strategic materials. China \u2014 which processes 65% of the world\u2019s lithium \u2014 has an advantage because of its low construction costs, subsidies, and technical expertise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there could be a light at the end of the tunnel: <\/strong>The Australian resources minister has pledged to accelerate planned tax incentives for processing critical minerals, while European companies like AMG Critical Minerals believe they can compete with China by utilizing technological advancements to lower operating costs. <\/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\/aviation\/\">AVIATION<\/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                            <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=\"80165\" 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\/08\/05\/80165\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80165\" class=\"content-area-description single-story post-80165 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;\">AUGUST<\/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>21-22 August (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rexconferences.com\/conference-info\" style=\"\">Rex Fuels Global Expo & Conference 2024- Bitumen, Petrochemicals & Products<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\">Saudi Warehousing & Logistics Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-5 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\">Egypt International Airshow<\/a><\/span><span style=\"font-weight:400;\">, El Alamein, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.skymovemena.com\/\" style=\"\">SkyMove MENA<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 September (Wednesday): Deadline for companies to submit bids for expansion and operation of Baghdad\u2019s International Airport.<\/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>18-19 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudimaritimecongress.com\/en\/home.html\" style=\"\">Saudi Maritime & Logistics Congress<\/a><\/span><span style=\"font-weight:400;\">, Dammam, 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>23-25 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">World<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">Freezones<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">Organization\u2019s Annual International Conference and Exhibition (AICE)<\/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>23-26 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thefreightsummit.com\/dubai2024\/\" style=\"\">Freight Summit 15th Global 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>25-26 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aerospacesummit.com\/\" style=\"\">Global Aerospace 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>30 September - 2 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aviationnews-online.com\/conferences\/dubai\/\" style=\"\">African, Middle East & Islamic Finance Aviation 100 Awards<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">   <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"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, UAE. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>7-9 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, Belgium.<\/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 October (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.itfglobal.org\/en\/events\/itf-congress-2024-marrakech\" style=\"\">International Transport Workers\u2019 Federation (ITF) Congress<\/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>16-17 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gaaf2024.com\/\" style=\"\">Global Airport & Aviation Forum<\/a><\/span><span style=\"font-weight:400;\">, Jeddah, 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>21-22 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/smartportstransformation.com\/\" style=\"\">Smart Ports & Logistics Transformation Summit<\/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>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>22-24 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/singapore-to-host-gpf\/\" style=\"\">Global Ports Forum<\/a><\/span><span style=\"font-weight:400;\">, Singapore.<\/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>26-27 October (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/theires.org\/Conference\/18859\/ICTTL\/\" style=\"\">International Conference on Tourism, Transport, and Logistics<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wamsaudi.com\/\" style=\"\">World Advanced Manufacturing Logistics Summit & Expo<\/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>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiairportexhibition.com\/\" style=\"\">Saudi Airport Exhibition<\/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>11-14 November (Monday-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, 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>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 Show<\/a><\/span><span style=\"font-weight:400;\">, 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>19-21 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/simrsnf.com\/\" style=\"\">Saudi International Maritime Forum<\/a><\/span><span style=\"font-weight:400;\">, Dammam, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20-21 November (Wednesday-Thursday): Saudi Rail Exhibition, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>2-3 December (Monday-Tuesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/wings-of-change-middle-east\/\" style=\"\">Wings of Change Middle East<\/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>10-11 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/morocco.railmeetings.com\/en\/\" style=\"\">Rail Industry Summit<\/a><\/span><span style=\"font-weight:400;\">, Casablanca, 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>10-12 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mebaa.aero\/\" style=\"\">Middle East Business Aviation<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight: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 style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/pressroom\/2024-releases\/2024-06-03-04\/\" style=\"\">IATA Annual General Meeting (AGM) and World Air Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, New Delhi, India.<\/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 style=\"font-weight:700;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-5 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrade-maritime.com\/event-news\/qatar-boosts-maritime-growth-new-shipping-event-2025\" style=\"\">Seatrade Maritime Qatar<\/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;\">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>16-17 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" 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>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;\">2026<\/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;\">2026 UNCTAD Global Supply Chains Forum, 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;\">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>Lots of M&#038;A | PMI readings from KSA, UAE + Egypt | Masdar and TotalEnergies explore SAF and green methanol production<\/p>\n","protected":false},"featured_media":80141,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-80140","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"39bd71ca-0504-4685-9bce-9f6f2c6ff233","teaser":"Lots of M&A | PMI readings from KSA, UAE + Egypt | Masdar and TotalEnergies explore SAF and green methanol production","photo_url":"https:\/\/ent.news\/2024\/2\/1169.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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