{"id":80582,"date":"2024-08-26T00:00:00","date_gmt":"2024-08-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=80582"},"modified":"2025-12-15T15:10:45","modified_gmt":"2025-12-15T15:10:45","slug":"adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/","title":{"rendered":"Adia-backed consortium offers EUR 14 bn to take over DB Schenker"},"content":{"rendered":"<section id=\"80584\" 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=\"80584\">\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\/26\/today-adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/\">\r\n                            TODAY: Adia-backed consortium offers EUR 14 bn to take over DB Schenker                        <\/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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href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/today-adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2216.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80585\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/today-adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/2216-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2216.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2216.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2216.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2216.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80584\" class=\"content-area-description single-story post-80584 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-aviation tag-egypt tag-kuwait tag-saudi-arabia tag-trade tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.01b03760-89a3-426f-9057-07d95ca9500c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gents. <\/strong>We have a packed issue this morning as the workweek kicks off with updates from across the region in nearly every subsector of the industry, but first, big moves are afoot on the Canadian tracks\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG LOGISTICS STORY ABROAD-<\/strong> <strong>Canada\u2019s rail network <\/strong><strong>shut down<\/strong><strong> after failed labor talks over the weekend:<\/strong> Canada\u2019s two largest railroad operators, CN and CPKC, halted their operations in the country on Thursday following unsuccessful <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6fd78a54-9f07-4284-bf64-9c90a6e25584\/labor-strikes-in%253cmark%253e-canada%253c%2Fmark%253e-could-disrupt-rail-networks-and-trade-this-week\" style=\"\" rel=\"noopener\">labor negotiations<\/a>, locking out some 10k workers. The move stopped some 2.5k rail cars from traveling across the US-border daily, the newswire quoted US Railroad Union Pacific as saying. Canada\u2019s railways facilitate the movement of around CAD 380 bn worth of goods per year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>Canada Industrial Relations Board <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/canada-labor-board-orders-end-railway-work-stoppage-2024-08-24\/\" style=\"\" rel=\"noopener\">ordered the resumption of operations<\/a><\/strong> <strong> at the country\u2019s biggest railways<\/strong> on Saturday. The board has also backed the government\u2019s request to implement binding arbitration on the parties to establish new agreements, allowing existing contracts to remain in force until new agreements are reached. The Teamsters\u2019 Union has said it will be appealing the board\u2019s ruling in federal court, arguing that it \u201csets a dangerous precedent\u201d and \u201csignificantly diminished\u201d workers\u2019 rights. A full recovery for the railway network is expected to take several weeks and a \u201cperiod of time beyond that for supply chains to stabilize,\u201d CPKC said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US ports<\/strong><strong> absorbed diverted traffic:<\/strong> US ports received increased freight traffic amid Canada\u2019s disrupted rail operations, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-22\/canada-strike-threat-rekindles-fears-of-cargo-in-limbo?utm_source=google&utm_medium=bd&cmpId=google&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. US-based logistics giant CH Robinson Worldwide diverted much of its US clients\u2019 maritime cargo from Canadian ports to terminals in Southern California and Washington State. Redirecting cargo will be costly for importers and exporters alike, who are facing additional costs from switching to trucks and surcharges from marine shippers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strikes are grabbing ink in the international press over the weekend:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/canadian-national-railways-canadian-pacific-lock-out-teamsters-union-workers-2024-08-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-24\/canada-labor-board-orders-rail-employees-back-to-work\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/08\/22\/business\/canada-rail-shutdown-ends\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/business\/2024\/08\/22\/canada-rail-strike\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/08\/22\/business\/economy\/canada-rail-strike-us-economy.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/canada-railroads-cpkc-csx-6e13bb31a3708d11e961174e6c47a558\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/article\/2024\/aug\/23\/canadian-government-moves-to-end-unprecedented-rail-stoppage\" style=\"\" rel=\"noopener\">The Guardian<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2043.jpg?ssl=1\"\/><\/a> <\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>Headway on Iraq\u2019s Development Road project? <\/strong>Turkey will host the Development Road Summit on Thursday gathering ministers from Iraq, Qatar, and the UAE to discuss the USD 20 bn project aimed at connecting the Iraqi port of Basra to the Persian Gulf to Turkey, <a target=\"_blank\" href=\"https:\/\/www.al-monitor.com\/originals\/2024\/08\/turkey-host-iraq-qatar-uae-officials-development-road-summit\" style=\"\" rel=\"noopener\">Al Monitor<\/a> reported, citing remarks made on by Friday by Turkish Transport Minister Abdulkadir Uraloglu. The quadripartite summit will discuss the details of the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The UAE, Iraq, Turkey, and Qatar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3744dd31-6545-4565-8e86-d0daf8ba5883\/today:-shifting-trade-patterns-could-spell-promise-%2B-regional-shipping-connectivity-falls-amid-disruptions\" style=\"\" rel=\"noopener\">signed a preliminary agreement<\/a> back in April to work together on the Development Road project in Iraq, which aims to connect a significant commodities port on Iraq's southern coast \u2014 the Grand Faw Port \u2014 to Turkey's border via rail and road networks. The project\u2019s railway track is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/19c6910a-8b3d-4656-8415-8cb6e130ea84\/iraq-taps-oliver-wyman-to-consult-on%253cmark%253e-development-road%253c%2Fmark%253e-project\" style=\"\" rel=\"noopener\">almost 80% complete<\/a>, while the expressway is 75% complete. The Iraqi Transport Ministry inked an agreement in July with consulting firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/19c6910a-8b3d-4656-8415-8cb6e130ea84\/iraq-taps-oliver-wyman-to-consult-on%253cmark%253e-development-road%253c%2Fmark%253e-project\" style=\"\" rel=\"noopener\">Oliver Wyman<\/a> to help market the project, supervise investments, and provide economic advisory services for strategic government projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Emirates, Etihad Airways, and flydubai canceled and diverted Tel Aviv and Beirut <\/strong><strong>flights yesterday following an exchange of fire<\/strong> between Israel and Hezbollah that resulted in the closure of Israel\u2019s Ben Gurion airport, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/uae-airline-cancels-tel-aviv-beirut-flights-due-to-israel-hezbollah-conflict\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reported. \u201cFlights today are currently scheduled to operate following the reopening of Ben Gurion Airport. We will continue to monitor the situation closely and amend our schedule accordingly,\u201d a flydubai spokesperson was quoted as saying by the outlet. Israel's Civil Aviation Authority said on Sunday that flights to and from Ben Gurion Airport in Tel Aviv resumed following a short suspension amid Israeli military strikes in Lebanon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Israel <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-25\/israel-says-it-s-fired-on-lebanon-to-prevent-hezbollah-attack?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">carried out<\/a> what it said was a pre-emptive attack on Hezbollah sites in southern Lebanon, striking Lebanon with around 100 warplanes that took out thousands of rocket launchers. Hezbollah responded by launching hundreds of rockets and drones at Israel targeting 11 army barracks and military sites in northern Israel, in what it said was the start of its retaliation for the killing of its commander on 30 July at the hands of Israeli forces. An Israeli military spokesman said that Israel\u2019s operation in Lebanon is \u201cover for now,\u201d while Hezbollah said that the rest of its retaliation would take \u201csome time.\u201d<\/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- India\u2019s <\/strong><strong>GMR bids for airport projects in Kuwait + Saudi Arabia<\/strong><strong>:<\/strong> Indian airport operator GMR is bidding for a tender for a project at Kuwait Airport\u2019s Terminal 2 and placed a request for qualification for Saudi Arabia\u2019s Abha airport, Indian news outlet the <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/business\/airlines-aviation-gmr-to-vie-for-airports-in-saudi-kuwait-3591072\/\" style=\"\" rel=\"noopener\">Financial Express<\/a> reported on Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>In Kuwait, GMR is bidding for managing and operating the airport\u2019s Terminal 2 in a 10-year-long, asset-light contract, CEO Rajesh Arora said during a post-earnings call. There are currently two other players in the race for the tender. Over in Saudi Arabia, \u201cwe have submitted our qualification for the Saudi airport and the next process will take place as we will go along in terms of RFP,\u201d Arora said. Neither the details of the contracts nor the investment tickets have been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Egypt aims to import some 22 liquefied natural gas (LNG) shipments in August and <\/strong><strong>September to feed power stations<\/strong>, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/51679\/%D8%B5%D9%81%D9%82%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-%D9%85%D8%B5%D8%B1-%D9%84%D8%B4%D8%AD%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%84\/\" style=\"\" rel=\"noopener\">Ashraq Business<\/a> reported last week, citing a government source. The government is expecting to receive 11 LNG shipments each month, and the LNG will be processed at gasification vessels at Aqaba and Ain Al Sokha.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Egypt\u2019s Oil Ministry received <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9159a4f4-d428-4edc-9ad9-1a4d19e02d73\" style=\"\" rel=\"noopener\">10 out of 21 contracted LNG shipments<\/a> earlier this month. The LNG imports aim to ensure <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad4cb2a3-8dfe-45b4-acb9-548662259bc0\" style=\"\" rel=\"noopener\">the lights stay on<\/a> after an extended period of power cuts in the country since the summer of 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The Central Bank of Egypt has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a7f2f81-002d-4529-958a-1987ca65a9a3\/cbe-expected-to-soon-lift-import-restrictions-on-non-essential-goods-following-fx-liquidity-uptick\" style=\"\" rel=\"noopener\">started easing import<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a7f2f81-002d-4529-958a-1987ca65a9a3\/cbe-expected-to-soon-lift-import-restrictions-on-non-essential-goods-following-fx-liquidity-uptick\" style=\"\" rel=\"noopener\">restrictions<\/a><\/strong><strong> on 12 of the 13 non-essential goods it has previously prohibited banks from issuing credit lines for<\/strong>, sources with knowledge of the matter told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%85%d8%b1%d9%83%d8%b2%d9%89-%d9%8a%d8%b1%d8%ac%d8%a6-%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7%d8%b3%d8%aa%d9%8a%d8%b1%d8%a7%d8%af-%d8%a7%d9%84%d8%b3%d9%8a%d8%a7%d8%b1%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The bank reportedly gave local banks the green light to start issuing letters of credit for goods that include mobile phones, food plants and seeds, fresh fruits, cocoa, jewelry, electric appliances, ready-made garments, furniture, and heavy equipment. The one non-essential import banks are still not allowed to issue credit lines for cars, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- <\/strong><strong>Qatar to reportedly supply Kuwait with LNG:<\/strong> Qatar Energy is in talks with Kuwait Petroleum Corporation (KPC) for a 15-year liquefied natural gas (LNG) supply deal to meet Kuwait\u2019s growing demand for power generation, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/kuwait-talks-with-qatar-new-15-year-lng-supply-deal-north-field-2024-08-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported last week, citing exclusive comments by industry sources. The agreement \u2014 which is expected to be announced in 4Q 2024, according to one source \u2014 would see Qatar provide Kuwait with 3 mn metric tons per annum from its North Field project, which is set to be operational in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a first: <\/strong>Kuwait inked an 15-year agreement with Qatar back in 2020 for the supply of 3 mtpa of LNG that is set to expire by 2024. The North Field agreement would mean that Qatari supplies to Kuwait will reach 6 mn mtpa at some point later this decade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Fujairah to export gravel to Kuwait:<\/strong> UAE\u2019s Fujairah Natural Resources Corporation and Kuwait\u2019s Public Works Ministry inked an agreement to export high quality gravel from the UAE to Kuwait, the <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3174110&language=en\" style=\"\" rel=\"noopener\">Kuwait News Agency<\/a> reported last week. The agreement will also see both sides exchange expertise on gravel manufacturing and transport.<\/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\">RED SEA WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Greek-flagged <\/strong><strong>oil vessel has been on fire since <\/strong><strong>Friday after it was attacked by the Houthis on Thursday<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/eu-naval-mission-greek-flagged-ship-sounion-fire-since-august-23-after-houthi-2024-08-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. The Sounion was evacuated by the EU\u2019s Red Sea naval mission Aspides following the initial attack, according to an earlier <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/fire-spotted-red-sea-off-yemen-port-salif-ambrey-says-2024-08-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> report. The vessel sustained several projectile missile attacks off the coast of Yemen\u2019s Hodeidah Port on Wednesday, causing a fire to break out onboard, citing a statement by the ship\u2019s operator Delta Tankers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A potential hazard:<\/strong> \u201cCarrying 150k tonnes of crude oil, the MV Sounion now represents a navigation and environmental hazard,\u201d Aspides said in a <a target=\"_blank\" href=\"https:\/\/x.com\/EUNAVFORASPIDES\/status\/1826562680783622444?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">statement<\/a> on X on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Oil prices <\/strong><strong>gained more ground this morning as prices rose in response to widening <\/strong><strong>conflict in the Middle East<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-climbs-mideast-escalation-fears-us-rate-cut-expectations-2024-08-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures climbed USD 0.53 reaching USD 79.55 a barrel by GMT 04.25, while US West Texas Intermediate gained another USD 0.51 trading at USD 75.34 a barrel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC+ faces a difficult decision on whether to boost oil production next month or keep it <\/strong><strong>steady, <\/strong>given \u201cconcerns\u201d about the fuel consumption outlook and increased output from other nations, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-faces-moment-truth-planned-output-increase-kemp-2024-08-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. The group opted to maintain current production levels while assessing the effects of existing cuts <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8ca3d5f-118d-4fdb-ae83-5e4b0e2024a4\" style=\"\" rel=\"noopener\">last month<\/a>, and had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54d158d4-5a72-498f-9604-196685f72a65\" style=\"\" rel=\"noopener\">earlier agreed<\/a> to ease the cuts starting October 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, g<\/strong><strong>lobal oil demand growth forecast continue to change:<\/strong> US bank Morgan Stanley has lowered its global oil demand growth forecast to 1.1 mn barrels per day on the back of China\u2019s weak economic growth, increased EV usage, and an increase in the number of LNG-powered trucks, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/morgan-stanley-cuts-2024-oil-demand-growth-outlook-china-factors-2024-08-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday. \u201cWith demand set to slow after summer, and both OPEC and non-OPEC supply to increase from the fourth quarter, we foresee a softening balance, turning to surplus in 2025,\u201d Morgan Stanley said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Baltic index takes a marginal dip<\/strong><strong>: <\/strong>The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 fell marginally by <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">0.3% to 1,762 points<\/a> on Friday, pulled down by panamax rates. The capesize index inched up four points to 2,851, while the panamax index slipped down 2.1% to 1,414 points. The smaller vessel segment Supramax rose five points to 1,318.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Drewry World Container Index decreased 2% to USD 5,319 per 40-ft container last <\/strong><strong>week<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index-assessed-by-drewry\" style=\"\" rel=\"noopener\">latest index readings<\/a>. Spot rates for 40-ft containers are now 49% below the previous pandemic peak of USD 10,377 in September 2021, but 274% higher than the pre-pandemic rates of USD 1,420.<\/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>Saudi Arabia\u2019s <\/strong><strong>non-oil exports rose 1.4% y-o-y in 2Q 2024<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2064.pdf\" style=\"\" rel=\"noopener\">latest data<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2064.pdf\" style=\"\" rel=\"noopener\">from the General Authority for Statistics (pdf)<\/a>. Total non-oil exports including re-exports were up 10.5% y-o-y, with exports increasing in value by 39.1% over the same period. Meanwhile, imports were up 3% y-o-y last quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The UAE\u2019s foreign trade increased by 11.2% y-o-y in 1H 2024, reaching an all <\/strong><strong>time <\/strong><strong>high of AED 1.395 tn<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/x.com\/UAEmediaoffice\/status\/1827620520503738417?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1827620520503738417%7Ctwgr%5E7bbb87cca7744a1177af5ca7a4a9b2d6e845c81f%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.dubaieye1038.com%2Fnews%2Flocal%2Fuaes-non-oil-foreign-trade-reaches-historic-milestone%2F\" style=\"\" rel=\"noopener\">data<\/a> published by the UAE media office. The country aims to achieve AED 4 tn in foreign trade by 2031, Prime Minister Sheikh Mohammed bin Rashid Al Maktoum <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1827615909315236110\" style=\"\" rel=\"noopener\">said on X<\/a>. The UAE\u2019s trade with Iraq grew 41% y-o-y in 1H 2024, making it the top destination for UAE exports, followed by India, which saw trade increase 10% y-o-y, and Turkey, which saw an increase of 15%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Re-exports grew 2.7% y-o-y in 1H 2024 to AED 345.1 bn<\/strong>, with main trading partners including Saudi Arabia, Iraq, India, USA, Kuwait, Qatar, and Kazakhstan. Telephones and diamonds were the main re-exported goods, with the highest growth seen in re-exports of aircraft parts, cars, and goods transport vehicles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Omani trade with European countries grew 9.5% y-o-y in the first five months of <\/strong><strong>2024<\/strong>, reaching OMR 878.4 mn, <a target=\"_blank\" href=\"https:\/\/www.muscatdaily.com\/2024\/08\/24\/omans-trade-with-europe-rises-to-ro878mn-in-first-5-months-of-2024\/\" style=\"\" rel=\"noopener\">Muscat Daily<\/a> reports, citing Oman\u2019s National Center for Statistics and Information. Total exports to Europe reached OMR 197.3 mn, up from OMR 120.4 mn the year prior, with re-exports jumping up 17.4% y-o-y to OMR 60.8 mn. Imports from Europe dipped by 1.5% y-o-y to OMR 630.1 mn. Germany was Oman\u2019s biggest European trade partner, with Oman exporting OMR 9.2 mn worth of goods to Germany and importing OMR 88.6 mn worth of goods from January to May. This was followed by Belgium, which exported OMR 100.9 mn worth of goods to Oman and imported goods valued at OMR 6 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Bahrain International Airport (BIA) saw a 34.7% y-o-y increase in the volume of <\/strong><strong>cargo handled in July 2024<\/strong>, which amounted to 19.6k tons, the <a target=\"_blank\" href=\"https:\/\/www.aaco.org\/media-center\/news\/industry\/bahrain-international-airport-passengers-up-5-in-july-2024\" style=\"\" rel=\"noopener\">Arab Air Carriers' Organization<\/a> reported last week. The airport saw a 9.4% y-o-y increase in aircraft movements to 9k, while passenger traffic was up 4.9% to 873k during the same period. <\/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\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hapag-Lloyd tacks on surcharge from Turkey to Morocco:<\/strong> Shipping giant Hapag-Lloyd will add a peak season surcharge (PSS) from Turkey to Morocco starting Sunday, 1 September until further notice, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2024\/08\/pss-turkiye-morocco.html\" style=\"\" rel=\"noopener\">statement<\/a>. The PSS will be USD 150 per 20-ft container and USD 200 per 40-ft container and would be implemented on all cargo types, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And another from Turkey to Northern Europe<\/strong><strong>:<\/strong> The shipping giant is also adding an Equipment Imbalance Surcharge (EIS) on all dry equipment from traveling ports in Turkey to Northern Europe, effective 1 September until further notice, according to a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2024\/08\/eis-turkiye-north-europe.html\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The EIS will be applied to all carriers with dry standard equipment at a rate of EUR 200 per container.<\/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\">SAVE THE DATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UK-Egypt trade and investment in the spotlight: Our friends at HSBC<\/strong>, together with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), will host a <strong>webinar<\/strong> this week to discuss how to <strong>support infrastructure reforms<\/strong>, potential partnerships in Egypt, and ways to support and connect companies around the world. The webinar takes place next Thursday (29 August) from 12-1pm CLT \/ 1-2pm UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to attend? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.teams.microsoft.com\/event\/fb12ff09-d43c-4110-ad74-0205386e5d86@3f483e1d-3dcb-4ff0-99f1-51ff77073440\" style=\"\" rel=\"noopener\">You can sign up here<\/a><\/strong><strong>.<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The webinar is a scene-setter for the Egypt-UK Investment and Opportunities Forum in <\/strong><strong>London<\/strong> on Monday, 16 September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infrastructure is a key part of the forum. <\/strong>The gathering \u2014 which follows on from a <a target=\"_blank\" href=\"https:\/\/www.the-ta.com\/upcoming-events\/construction-industry\/\" style=\"\" rel=\"noopener\">June<\/a><a target=\"_blank\" href=\"https:\/\/www.the-ta.com\/upcoming-events\/construction-industry\/\" style=\"\" rel=\"noopener\">infrastructure mission<\/a> \u2014 will focus on promoting trade and investment in infrastructure, with an emphasis on green hydrogen and renewables as well as sectors including the auto industry, food processing, and tech.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Networking:<\/strong> The forum will include both open panels and pre-arranged business-to-business networking. It will also give attendees the chance to meet with government officials and industry leaders. GAFI will be on hand to deliver an economic update. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to join them in London? <\/strong><a target=\"_blank\" href=\"https:\/\/www.the-ta.com\/upcoming-events\/egypt-uk-investment-forum-16th-sept-in-london-uk\/\" style=\"\" rel=\"noopener\">Register your interest in attending the event here<\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities and Transmar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>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 in Riyadh. <\/strong>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, 5 <\/strong><strong>September in El Alamein.<\/strong> 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 in Riyadh.<\/strong> 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>The UAE<\/strong><strong> will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/itsworldcongress.com\/\" style=\"\" rel=\"noopener\">Intelligent Transport Systems World Congress<\/a><\/strong><strong> from Monday, 16 <\/strong><strong>September to Friday, 20 September in Dubai. <\/strong>The Congress is expected to welcome 20k participants to explore innovations in smart mobility and transportation technology.<\/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.saudimaritimecongress.com\/en\/home.html\" style=\"\" rel=\"noopener\">Saudi Maritime and Logistics Congress<\/a><\/strong><strong> on Wednesday, 18 <\/strong><strong>September and Thursday, 19 September in Dammam. <\/strong>The event will gather international industry leaders in the maritime sector to discuss a range of topics including interconnected logistics, supply chains, digitalization, decarbonization and workforce development.<\/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 events and news triggers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80587\" 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=\"80587\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/\">\r\n                            Adia-backed consortium offers EUR 14 bn to take over DB Schenker                        <\/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\/26\/adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/\" 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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wp-post-image\" alt=\"\" data-attachment-id=\"80588\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/2185-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2185.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2185.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2185.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2185.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80587\" class=\"content-area-description single-story post-80587 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-acquisition tag-db-schenker tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.9ecd6f08-1855-4c1d-a09d-a5154331ddeb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>CVC and competing DSV offer matching EUR 14 bn bids to snag DB <\/strong><strong>Schenker: <\/strong>A consortium comprising CVC Capital Partners, The Abu Dhabi Investment Authority (Adia), and Singapore\u2019s GIC, submitted a EUR 14 bn bid to acquire DB Schenker, the logistics subsidiary of Germany's Deutsche Bahn, alongside competing bidder Danish transport company DSV, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-23\/cvc-dsv-said-to-submit-14-billion-bids-for-db-schenker\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday, citing sources familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CVC consortium has more to offer: <\/strong>The private equity firm separately submitted another option for the German government to reinvest in the logistics firm for a 25% stake, potentially taking the value of the bid to EUR 16 bn, according to the sources. The Adia-backed consortium intends to list DB Schenker on the Frankfurt Stock Exchange, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/cvc-dsv-submit-final-bids-around-156bln-deutsche-bahns-schenker-sources-say-2024-08-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Friday, citing people in the know. CVC has also pledged to keep the company\u2019s headquarters in Germany and preserve the DB Schenker brand. In contrast, a competing bid from DSV could lead to potential layoffs and the closure of some locations, sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Right on time<\/strong><strong style=\"background-color: transparent;\">: <\/strong><span style=\"background-color: transparent;\">The two parties <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ebb2e95f-cc24-4e08-a0cd-0c849e6601b5\/today:-lots-of-port-business-%2B-a-blockbuster-gas-supply-agreement-for-iran\" rel=\"noopener\">were expected<\/a><span style=\"background-color: transparent;\"> to submit their final bids by the end of August after Deutsche Bahn shortlisted them following shipping giant Maersk\u2019s withdrawal from the race. Deutsche Bahn \u2014 which kicked off the sale process in December \u2014 is expected to close the transaction in 2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Deutsche Bahn is currently reviewing the offers and will discuss CVC\u2019s offer with the German government, with a decision expected in the coming weeks. The railway company and the government are likely to renegotiate the terms of the final bids with the two consortiums, a source told Bloomberg. \u201cThe most important criterion remains that a sale must be economically advantageous for the railway,\u201d a spokesperson for Deutsche Bahn told Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story also got ink in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/cvc-and-abu-dhabi-singapore-funds-make-around-15-6-bln-joint-bid-for-db-schenker-e50d3719?mod=googlenewsfeed\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a><\/strong><\/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\/acquisition\/\">Acquisition<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/db-schenker\/\">DB Schenker<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80589\" 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=\"80589\">\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\">Ports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/egypt-will-reportedly-hand-over-two-terminals-to-operators-by-year-end\/\">\r\n                            Egypt will reportedly hand over two terminals to operators by year end                        <\/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\/26\/egypt-will-reportedly-hand-over-two-terminals-to-operators-by-year-end\/\" 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 300k square meter dry bulk terminal <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efb89ca9-b3df-425a-bcae-89755d79d405\/gogreen-to-temporarily-list-1.4-bn-shares-on-the-egx-starting-today.-plus:-news-from-saudi-egyptian-developers,-eetc,-juhayna\" rel=\"noopener\">was reportedly to be awarded<\/a><span style=\"background-color: transparent;\"> to a consortium of three local firms, which were said to invest some USD 50 mn in the first phase of the project.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Container terminal handover imminent:<\/strong> A consortium of Hutchison Ports, Cosco, CMA CGM, and Italy\u2019s Mediterranean Shipping Company (MSC) is set to take over a container terminal at Dekheila Port. The group will manage, operate, and maintain the terminal for a 30-year period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We heard this before:<\/strong> The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30add363-e640-4dcc-b348-577935303ce6\" style=\"\" rel=\"noopener\">in March 2023<\/a> signed two agreements totalling USD 1.6 bn \u2014 one with the Hutchison Ports-led consortium, excluding MSC, to construct a new terminal at Sokhna port, and the other, which included MSC, to develop a terminal in the Dekheila port. <\/p>\n<p class=\"tag-border-left\">IN OTHER PORT UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new dry port and logistics zone in Borg El Arab:<\/strong> Egypt\u2019s Transport Ministry got the thumbs up from the government to proceed with contracting an unnamed company to finance, design, establish, manage, and maintain the planned dry port and logistics zone in Borg El Arab, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid08ChtSCdLcaNdaipc8qAug7UkHyrNVXBk8HnFhrC2kfytNjRnJTjHMc2qgMg5Koxwl\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The project will be carried out over a 30-year period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have an idea who might be handling the project: <\/strong>Last year, Egyptian company Ocean Express Shipping <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c300f1c5-ae22-4ca2-a261-423df0bfc36a\/unit-of-italy%25e2%2580%2599s-msc-inks-tenth-of-ramadan-dry-port-contract\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with the General Authority for Land and Dry Ports to study, establish, manage and operate the planned dry port at Borg El Arab.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80591 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"80591\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/80591\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80591\" class=\"content-area-description single-story post-80591 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80592\" 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=\"80592\">\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\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/\">\r\n                            UAE\u2019s NMDC gets approval to IPO subsidiary NMDC Energy                        <\/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\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/\" 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\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/')\">\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\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/\">\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=UAE\u2019s NMDC gets approval to IPO subsidiary NMDC Energy&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/\">\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\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/&title=UAE\u2019s NMDC gets approval to IPO subsidiary NMDC Energy\">\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=UAE%E2%80%99s+NMDC+gets+approval+to+IPO+subsidiary+NMDC+Energy+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F26%2Fuaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy%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\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2220.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80593\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/uaes-nmdc-gets-approval-to-ipo-subsidiary-nmdc-energy\/2220-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2220.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2220.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2220.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2220.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80592\" class=\"content-area-description single-story post-80592 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adnoc tag-ipo-watch tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.e87041ef-2baf-40a0-9840-0a3dcaf80173.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> NMDC lines up NMDC Energy\u2019s IPO: <\/strong>The <a target=\"_blank\" href=\"https:\/\/nmdc-group.com\/en\/\" style=\"\" rel=\"noopener\">National Marine Dredging Company (NMDC)<\/a><a target=\"_blank\" href=\"https:\/\/nmdc-group.com\/en\/\" style=\"\" rel=\"noopener\">Group<\/a> \u2019s board approved a plan to IPO its EPC unit NMDC Energy on the Abu Dhabi Securities Exchange (ADX), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2118.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a> released on Friday. The proposal is now pending regulatory approvals from the Securities and Commodities Authority and the ADX. Details on the size or value of the IPO have not been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">About NMDC Energy<\/strong><strong style=\"background-color: transparent;\">:<\/strong><span style=\"background-color: transparent;\"> The firm, formerly known as National Petroleum Construction Company, was founded by Andoc in 1973, according to their <\/span><a target=\"_blank\" href=\"https:\/\/www.nmdc-energy.com\/en\/\" rel=\"noopener\">website<\/a><span style=\"background-color: transparent;\">. NMDC specializes in offshore construction, operating in the oil, gas, and energy industry.<\/span><\/p>\n<p class=\"tag-border-left\">IN OTHER NMDC NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NMDC lands USD 200 mn dredging contract from Adnoc: <\/strong>The <a target=\"_blank\" href=\"https:\/\/nmdc-group.com\/\" style=\"\" rel=\"noopener\">National Marine Dredging<\/a><a target=\"_blank\" href=\"https:\/\/nmdc-group.com\/\" style=\"\" rel=\"noopener\">Company (NMDC) Group<\/a> secured a contract worth over USD 200 mn from Abu Dhabi National Oil Company (Adnoc) for marine dredging works at the Ruwais liquified natural gas (LNG) project, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/2060.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The project is expected to be completed within 10 months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The contract will see NMDC removing around 15 mn cubic meters of material through a 5km-long, 245-meter-wide channel and installing essential navigational equipment to ensure safe access to the Ruwais LNG facility, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/nmdc-group-awarded-contract-worth-more-than-200mln-by-adnoc-for-ruwais-lng-project-pzoq782y\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adnoc handed out USD 5.5 bn in engineering, procurement, and construction (EPC) contracts to a JV between engineering companies NMDC Energy, <a target=\"_blank\" href=\"https:\/\/www.ten.com\/en\" style=\"\" rel=\"noopener\">Technip Energies<\/a> and JGC Corporation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e7356718-669d-4899-a19a-fa62d4c20234\/adnoc-makes-final-investment-decision-%2B-awards%253cmark%253e-usd-5.5-bn%253c%2Fmark%253e-contract-for-ruwais-lng-project\" style=\"\" rel=\"noopener\">back in June<\/a>, after reaching the final investment decision for the project at an executive board committee meeting.<\/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\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80594\" 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=\"80594\">\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\">Zones<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/\">\r\n                            Abu Dhabi Airports Freezone and MSM Logistics break ground on a new warehouse in Al Falah                        <\/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\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/\" 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\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/')\">\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\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/\">\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=Abu Dhabi Airports Freezone and MSM Logistics break ground on a new warehouse in Al Falah&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/\">\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\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/&title=Abu Dhabi Airports Freezone and MSM Logistics break ground on a new warehouse in Al Falah\">\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=Abu+Dhabi+Airports+Freezone+and+MSM+Logistics+break+ground+on+a+new+warehouse+in+Al+Falah+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F26%2Fabu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah%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\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2115.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80595\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/abu-dhabi-airports-freezone-and-msm-logistics-break-ground-on-a-new-warehouse-in-al-falah\/2115-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2115.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2115.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2115.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2115.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80594\" class=\"content-area-description single-story post-80594 post type-post status-publish format-standard has-post-thumbnail hentry category-zones tag-storage-warehouses tag-uae tag-zones wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.ea9e79b2-95cc-4bb7-babc-87e0fb0a0432.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi Airports Freezone + MSM Logistics partner up on a new warehousing<\/strong><strong> facility: <\/strong>The Abu Dhabi Airports Freezone and <a target=\"_blank\" href=\"https:\/\/www.msmlogistics.com\/\" style=\"\" rel=\"noopener\">MSM Logistics<\/a> broke ground on an AED 85 mn warehouse in Abu Dhabi\u2019s Al Falah District, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/transport\/abu-dhabi-airports-free-zone-and-msm-logistic-break-ground-on-strategic-logistics-project-in-al-falah-district\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The facility will be developed on a 28,6 square meter plot of land and is slated to be operational in 1Q 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Not MSM\u2019s first rodeo with ADAFZ: <\/strong><span style=\"background-color: transparent;\">MSM Logistics inked an agreement <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a58c6a34-f8d8-4d25-91fc-eb88f234a611\/msm-logistics-to-build-aed-85-mn-storage-warehouse-in-abu-dhabi'\" rel=\"noopener\">last October<\/a><span style=\"background-color: transparent;\"> with ADAFZ to build an AED 85 mn building complex in the district. The project marked the first in Al Falah district. The project \u2014 which aims to establish a 16.5k sqm warehouse \u2014 was finalized through a Musataha agreement, which gives investors the right to construct a building or to invest in, mortgage, lease, sell or purchase a plot of land belonging to a third party for a specific period of time.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Al Falah? <\/strong>Al Falah district \u2014 situated east of Zayed International Airport \u2014 is a 8.3 sq km freezone operating under ADAFZ. The area offers infrastructure for cargo and logistics services. <\/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\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/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=\"80596 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=\"80596\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/80596\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80596\" class=\"content-area-description single-story post-80596 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=\"80597\" 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=\"80597\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/\">\r\n                            UAE and Lithuania will cooperate economically on transport and logistics                        <\/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\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/\" 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\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/')\">\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\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/\">\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=UAE and Lithuania will cooperate economically on transport and logistics&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/\">\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\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/&title=UAE and Lithuania will cooperate economically on transport and logistics\">\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=UAE+and+Lithuania+will+cooperate+economically+on+transport+and+logistics+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F26%2Fuae-and-lithuania-will-cooperate-economically-on-transport-and-logistics%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\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2059.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80598\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/uae-and-lithuania-will-cooperate-economically-on-transport-and-logistics\/2059-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2059.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2059.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2059.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2059.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80597\" class=\"content-area-description single-story post-80597 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-aviation tag-diplomacy tag-trade tag-transport tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.2aaac8ea-58b1-4447-a9f3-297f183844fe.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Lithuania agreed to boost economic cooperation across sectors including <\/strong><strong>aviation, transport and logistics <\/strong>\u2014 particularly maritime transport and marine technology \u2014 during their economic committee meeting last week, according to a <a target=\"_blank\" href=\"https:\/\/eimin.lrv.lt\/lt\/ziniasklaidai\/naujienos\/stiprinama-lietuvos-ir-jae-partneryste\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Lithuanian economy ministry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">On the business side, the two countries agreed to swap delegations and trade missions to facilitate the exchange of goods and services, and explore new investment windows.<\/strong><span style=\"background-color: transparent;\"> They also pledged to roll out joint programs supporting entrepreneurship and SMEs\u2019 growth and exports, and set up a UAE-Lithuanian Business Forum to highlight vital economic sectors and streamline business community communication.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MoUs inked: <\/strong>The UAE Chambers and the Lithuanian Industrialists Association inked an MoU during the meeting to ramp up cooperation in industry, trade, investment, and technology, <a target=\"_blank\" href=\"https:\/\/sharjah24.ae\/ar\/Articles\/2024\/08\/22\/d54\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. <\/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\/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\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80599\" 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=\"80599\">\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\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/updates-on-zones-and-aviation-from-iran-and-the-uae\/\">\r\n                            Updates on zones and aviation from Iran and the UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/updates-on-zones-and-aviation-from-iran-and-the-uae\/\" 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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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\/26\/updates-on-zones-and-aviation-from-iran-and-the-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/913.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80600\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/updates-on-zones-and-aviation-from-iran-and-the-uae\/913-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/913.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"913.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/913.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/913.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80599\" class=\"content-area-description single-story post-80599 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-emirates-airlines tag-iran tag-uae tag-zones wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.49e001bf-15b6-4aa9-b0f8-e64d074ce2a2.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">DATA CENTERS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE gets its first direct-liquid cooled HPC data center: <\/strong>Dubai-based Khazna Data Centers partnered with US cloud service provider <a target=\"_blank\" href=\"https:\/\/www.hpe.com\/us\/en\/home.html\" style=\"\" rel=\"noopener\">Hewlett Packard Enterprise<\/a> to build the UAE\u2019s first direct-liquid cooled (DLC) data center, capable of handling AI tech and high-performance computing, according to a <a target=\"_blank\" href=\"https:\/\/www.hpe.com\/us\/en\/newsroom\/press-release\/2024\/08\/hewlett-packard-enterprise-introduces-first-managed-data-center-hosting-service-with-direct-liquid-cooling-for-ai-in-the-united-arab-emirates-in-partnership-with-khazna-data-centers.html\" style=\"\" rel=\"noopener\">statement<\/a> from Hewlett. The DLC data center is estimated to enhance performance by 20.7% per kilowatt compared to traditional air-cooled systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Khazna is a well-known player in the UAE data center sector: <\/strong><span style=\"background-color: transparent;\">Khazna operates 12 data centers across the UAE, with another 12 in the pipeline expected to add 300 MW in capacity over the next two years.<\/span><\/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>Iran + Turkmenistan to set up joint trade zone:<\/strong> Consultations are underway for Iran and Turkmenistan establish a joint trade zone in the Incheh-Borun region, <a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85577573\/Iran-official-says-launch-of-joint-trade-zone-with-Turkmenistan\" style=\"\" rel=\"noopener\">IRNA<\/a> reports, citing comments by the governor of Iran\u2019s Golestan province Ali Mohammad Zangaaneh. The zone is expected to increase the volume of goods exchanged between the two countries through rail to 13.7 mn metric tons and those exchanged by road to 6.3 mn metric tons. <\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s Emirates is uptaking five Airbus A380s from Doric Nimrod Air<\/strong>, according to a London Stock Exchange <a target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/DNA2\/sale-of-remaining-five-assets\/16627872\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The aircraft are being purchased for GDP 30.7 mn a piece, to be paid by 1Q 2025, with the acquisition set to be complete between 1 October and 30 November this year. This will see Doric Nimrod Air receive an aggregate combined total of GBP 153.5 mn. Emirates had leased seven Airbus A380s from Doric Nimrod Air for a period of 12 years back in 2011. The Gulf airline acquired two of the seven aircraft last year for GBP 59.2 mn after their lease expired. <\/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>Oman launches O Taxi to test last-mile deliveries<\/strong><strong>:<\/strong> Oman has launched a new last-mile initiative, dubbed O Taxi, which will use taxis to complete deliveries around the nation in a six-month trial. (<a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/MediaCenter\/NewsDetail.aspx?NID=141307\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Etihad Cargo adds new flights to Spain<\/strong><strong>:<\/strong> The UAE\u2019s Etihad Cargo has launched two weekly freighter flights to Madrid\u2019s Adolfo Suarez Madrid-Barajas Airport, which will support its 10 existing weekly passenger flights. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/showcase\/etihad-cargo\/posts\/?feedView=all\" 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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/emirates-airlines\/\">Emirates Airlines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"80601\" 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=\"80601\">\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\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/\">\r\n                            Deutsche Ban could cut ties with DB Cargo                        <\/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\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/\" 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\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/')\">\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\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/\">\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=Deutsche Ban could cut ties with DB Cargo&url=https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/\">\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\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/&title=Deutsche Ban could cut ties with DB Cargo\">\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=Deutsche+Ban+could+cut+ties+with+DB+Cargo+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F08%2F26%2Fdeutsche-ban-could-cut-ties-with-db-cargo%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\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2222.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80602\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/26\/deutsche-ban-could-cut-ties-with-db-cargo\/2222-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2222.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2222.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2222.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2222.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80601\" class=\"content-area-description single-story post-80601 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-cargo tag-china tag-rail tag-russia 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\/.d812f18f-e6fe-4b52-8451-b8a51e6a8e59.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Deutsche Bahn could cut off DB Cargo after EU probe:<\/strong> Germany\u2019s Deutsche Bahn could be made to cut aid for its unprofitable freight operator subsidiary DB Cargo starting next year following a decision by EU competition regulators, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/germanys-deutsche-bahn-must-cut-off-db-cargo-aid-after-eu-probe-say-sources-2024-08-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. According to a profit and loss transfer agreement from 2012, Deutsche Bahn is responsible for covering DB Cargo's losses. DB Cargo has seen a significant decline in market share in recent years and now handles less than 50% of rail freight transport in Germany. The EU opened an investigation in 2022 to look at whether German support for DB Cargo could have given it an advantage. An official decision is set for October.<\/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 they said: <\/strong><span style=\"background-color: transparent;\">\u201cA key point (in the probe proceedings) is the prompt cancellation of the profit and loss transfer agreement between DB AG and DB Cargo,\u201d a German government representative told the business newswire. Deutsche Bahn has not yet replied to a request for comment, according to Reuters. A spokesperson from the Transport Ministry was quoted by Reuters as saying that both the German government and the railway company are in agreement that the long-standing crisis at DB Cargo needs to be resolved.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>German state rail freight operator DB Cargo recorded some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/039210fa-bb32-4e78-8b4c-94df772d7d06\" style=\"\" rel=\"noopener\">EUR 500 mn in losses<\/a> in 2023, putting it at jeopardy of being broken up by the EU if its figures are deemed to be distorting the market. The financial troubles are on the back of single-wagon traffic incurring chronic losses, with consignments of a few wagons at most being transported at great expense. Brussels has initiated an investigation into potential market distortion due to the German government's subsidization of the freight operator's financial losses.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India overtakes China as top importer of Russian oil:<\/strong> India surpassed China as the world\u2019s biggest importer of Russian oil in July, as Chinese refiners took in lower volumes due to lower profit margins from producing fuels, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/india-surpasses-china-become-russias-top-oil-buyer-july-2024-08-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing a comparison of import data. Russian crude made up 44% of India\u2019s overall imports in July, reaching a record 2.07 mn barrels per day, a 4.2% rise from June and a 12% increase from over a year ago. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why India? <\/strong>Indian refiners have been fueling up on Russian oil sold at discounted prices after Western countries imposed sanctions against Russia and reduced their energy purchases, Reuters explains. India\u2019s trade with Russia has grown since the start of war in Ukraine, mainly in oil and fertilizer imports, which has helped keep global prices and inflation in check.<\/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\/cargo\/\">CARGO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"80603\" 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\/26\/80603\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80603\" class=\"content-area-description single-story post-80603 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 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>12-14 October (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2024\/8\/1791.pdf\" style=\"\">Global Logistics Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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;\">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>4-6 November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tiaca.org\/tiaca-to-hold-air-cargo-forum-2025\/\" style=\"\">The International Air Cargo Association TIACA\u2019s Air Cargo Forum 2025<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">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>DB Schenker takeover heats up | Egypt lines up Dekheila Port handover | NMDC gets the green light to IPO NMDC Energy<\/p>\n","protected":false},"featured_media":80583,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-80582","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"aff26fed-4d20-4928-ae05-721ee6223a57","teaser":"DB Schenker takeover heats up | Egypt lines up Dekheila Port handover | NMDC gets the green light to IPO NMDC Energy","photo_url":"https:\/\/ent.news\/2024\/5\/1750.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adia-backed consortium offers EUR 14 bn to take over DB Schenker - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\/\" \/>\n<meta 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