{"id":82484,"date":"2024-11-19T00:00:00","date_gmt":"2024-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=82484"},"modified":"2025-12-15T15:40:55","modified_gmt":"2025-12-15T15:40:55","slug":"talabat-ipo-to-raise-up-to-usd-1-5-bn","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/","title":{"rendered":"Talabat IPO to raise up to USD 1.5 bn"},"content":{"rendered":"<section id=\"82486\" 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=\"82486\">\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\/11\/19\/today-talabats-ipo-set-to-raise-usd-1-5-bn-new-export-avenues-for-egypt\/\">\r\n                            TODAY: Talabat\u2019s IPO set to raise USD 1.5 bn + new export avenues for Egypt                        <\/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\/11\/19\/today-talabats-ipo-set-to-raise-usd-1-5-bn-new-export-avenues-for-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Let\u2019s dive right in.<\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\" rel=\"noopener\">G20 Summit<\/a><\/strong><strong> is coming to a close today in Rio de Janeiro<\/strong><strong>, Brazil<\/strong>. The two-day event brings together heads of state and government to approve an array of agreements negotiated throughout the year by its member states and to suggest ways of addressing global challenges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2\u2013 A <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.petra.gov.jo\/Include\/InnerPage.jsp?ID=65558&lang=en&name=en_news\" style=\"\" rel=\"noopener\">Tunisian Trade Mission<\/a><\/strong><strong> will be received by the Amman Chamber of Commerce <\/strong><strong>and<\/strong><strong> the Tunisian Embassy in Jordan tomorrow<\/strong>. The event will gather importers, traders, distributors, and exporters to discuss the importance of boosting trade and economic partnership between Jordan and Tunisia. <\/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> <a id=\"wwtt1\"><\/a> #1- <\/strong><strong>Bahrain has allotted space for its airport development plans<\/strong>, Bahrain Airport Company (BAC) CEO Mohamed Yousif Al Binfalah told <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/aviation\/2024\/11\/bahrain-identifies-offshore-plot-for-new-airport\/\" style=\"\" rel=\"noopener\">AGBI<\/a> on the sidelines of the Bahrain International Airshow, without disclosing further details. Netherlands Airport Consultants carried out a USD 1.4 mn study to identify the site of the new airport, which is set to be located on reclaimed land in northwestern Bahrain, Binfalah said. \u201cStarting that thinking process from now will give all the stakeholders involved the opportunity to look at various options and to make sure that this airport is going to be future proof,\u201d Binfalah added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#2- Egypt\u2019s Oil Ministry is in talks with suppliers to postpone LNG <\/strong><strong>shipments from 4Q 2024 to 1Q <\/strong><strong>2025<\/strong>, a government source told EnterpriseAM. The shipments are part of the 20 cargoes of LNG that the government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da0fab5f-79e9-4d82-b4ca-ed6f42f04eeb\/\" style=\"\" rel=\"noopener\">bought for USD 907 mn<\/a> to cover domestic needs between October and December. The news was first picked up by <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/11\/18\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%A4%D8%AC%D9%84-%D8%A7%D8%B3%D8%AA%D9%84%D8%A7%D9%85-%D8%B4%D8%AD%D9%86%D8%A7%D8%AA-%D8%BA%D8%A7%D8%B2-%D9%88%D9%85%D8%A7%D8%B2%D9%88%D8%AA-%D8%A7%D9%84%D9%89-%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%85%D9%86-2025\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> The ministry\u2019s decision comes on the back of limited regasification capacity and sufficient domestic supply of natural gas, a government source told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re about to start leasing another floating storage regasification unit: <\/strong>Egypt will begin leasing a floating storage regasification unit at the start of 2025, our source said, without <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a> #3- <\/strong><strong>EU and UK slap more sanctions on Iran: <\/strong>The EU has imposed a prohibition on the export, transfer, supply, and sale of components used in the manufacturing and production of Iranian-made Unmanned Aerial Vehicles (UAVs) and missiles from the EU to Iran, according to a <a target=\"_blank\" href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2024\/11\/18\/iran-eu-widens-restrictive-measures-in-view-of-iran-support-of-the-russian-war-of-aggression-against-ukraine-and-lists-one-individual-and-four-entities\/\" style=\"\" rel=\"noopener\">press release<\/a>. The EU has also introduced a transaction ban that restricts any transaction with ports and locks that are owned, operated, and managed for the transfer of components, which includes prohibiting access to Amirabad and Anzali locks and ports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK has also imposed sanctions against Iran Air in response to the Iranian government\u2019s transfer of ballistic missiles to Russia<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/news\/uk-sanctions-iran-for-aiding-russias-illegal-war-in-ukraine-as-foreign-secretary-chairs-un-security-council\" style=\"\" rel=\"noopener\">statement<\/a>. The sanctions will further restrict its direct and scheduled commercial air services to and from Great Britain. Iran Shipping Lines (IRISL) has also been sanctioned, which entails an asset freeze and shipping sanctions for the transport of weapons to Russia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More trouble in the skies: <\/strong>Iran Air canceled all Europe-bound flights hours after the EU announced new sanctions on Iran <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/32baf588-a9d4-4f8f-bd41-76c0bb0703c0\/today:-khazna-to-build-the-uae%25e2%2580%2599s-largest-data-center-%2B-dp-world,-masdar-eye-investments-in-the-philippines\" style=\"\" rel=\"noopener\">back in October<\/a>. The EU has included Iran Air, Mahan Air, and Saha Air in a list of new sanctions on Iranian entities and individuals over their alleged involvement in Iranian transfers of ballistic missiles to Russia. The UK had imposed sanctions back in June on <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uk\/uk-imposes-first-sanctions-targeting-ships-breaching-russian-oil-restrictions-2024-06-13\/\" style=\"\" rel=\"noopener\">Russian cargo ships<\/a> used for shipping military supplies from Iran to Russia.<\/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 continued rising in early morning trading in response to an oil production <\/strong><strong>halt in Norway\u2019s Johan Sverdrup oilfield and Russia-Ukraine escalations<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-ease-caution-prevails-over-russia-ukraine-war-2024-11-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures for January gained USD 0.15 at USD 73.45 a barrel by GMT 04.30, while US West Texas Intermediate crude (WTI) futures for December increased USD 0.15 trading at USD 69.31 a barrel. The more active January WTI contract was up USD 0.13 at USD 69.30 a barrel. Both benchmarks climbed more than USD 2 a barrel yesterday after Norway's Equinor halted output from Western Europe's largest oilfield due to an onshore power outage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi\u2019s oil exports hit a three-month high in September<\/strong>, notching up 80k bbl \/ d m-o-m, to 5.751 mn bbl \/ d, according to the <a target=\"_blank\" href=\"https:\/\/www.jodidata.org\/oil\/database\/customisable-charts.aspx#dchart1920\" style=\"\" rel=\"noopener\">latest figures<\/a> from the Joint Organizations Data Initiative. Meanwhile, production notched down 17k bbl \/ d at 8.98 mn bbl \/ d. The story got ink from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabias-crude-oil-exports-september-hit-three-month-peak-2024-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Baltic index takes a dip: <\/strong>The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/commodity\/baltic\" style=\"\" rel=\"noopener\">dropped 29 points<\/a> to 1,756 points on Monday. The capesize index shed 67 points to 3,162 points, while the panamax index dropped 10 points to 1,202 points. The smaller supramax index decreased by 10 points to 1,009 points.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s total trade with G20 countries increased 9.7% y-o-y to USD 61 bn in the <\/strong><strong>first nine months of 2024<\/strong>, according to state statistics agency <a target=\"_blank\" href=\"https:\/\/www.sis.gov.eg\/Story\/202038\/Egypt%E2%80%99s-trade-with-G20-nations-hits-%2461b-in-first-9-months-of-2024?lang=en-us\" style=\"\" rel=\"noopener\">Capmas<\/a>. The nation\u2019s total exports decreased 3.4% y-o-y to USD 14.4 bn. The value of imports from G20 countries into Egypt increased 14.5% y-o-y to hit USD 46.6 bn this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Egypt\u2019s top exports included fuel and refined products, fruit and vegetable products, ready-made clothing, electrical appliances, and fertilizers. Italy was the leading importer of Egyptian goods at USD 2.9 bn, closely followed by Saudi Arabia at USD 2.4 bn, Turkey at USD 2.3 bn, the US at USD 1.7 bn, and the UK at USD 1.2 bn. Conversely, China was the largest supplier of goods to Egypt, exporting USD 11.3 bn worth of goods, followed by the US at USD 5.2 bn, Saudi Arabia at USD 5.1 bn, and Russia at USD 4.5 bn. <\/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, Transmar, and AK-Ships.<\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/simrsnf.com\/\" style=\"\" rel=\"noopener\">Saudi International Maritime Forum<\/a><\/strong><strong> from Tuesday, 19 November<\/strong> <strong>to<\/strong><strong> Thursday, 21 November<\/strong> in Damman. The exhibition looks to explore developments and challenges in the maritime landscape, touching on both regional and international maritime security concerns.<\/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.terrapinn.com\/exhibition\/saudi-rail\/Conference.stm\" style=\"\" rel=\"noopener\">Saudi Rail Exhibition<\/a><\/strong><strong> from Wednesday, 20 November <\/strong><strong>to<\/strong><strong>Thursday, 21 November<\/strong> in Riyadh. The two-day event will host an array of sessions guided by leading players, senior executives, and key decision makers in the rail industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/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\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82488\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF 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decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29636.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/transmar.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29590.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Your regional partner<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-2sj8lu9\" data-v=\"4\" data-block-id=\"2sj8lu9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-2sj8lu9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-2sj8lu9-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/29641.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/29586.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" 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101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82489\" 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=\"82489\">\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\">IPO Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/\">\r\n                            Talabat IPO to raise up to USD 1.5 bn                        <\/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\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/\" 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\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/')\">\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\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/\">\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=Talabat IPO to raise up to USD 1.5 bn&url=https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/\">\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\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/&title=Talabat IPO to raise up to USD 1.5 bn\">\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=Talabat+IPO+to+raise+up+to+USD+1.5+bn+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F11%2F19%2Ftalabat-ipo-to-raise-up-to-usd-1-5-bn%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\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1777.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82490\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/1777-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1777.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1777.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1777.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1777.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82489\" class=\"content-area-description single-story post-82489 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-ipo-watch tag-talabat 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\/11\/.799c8292-674f-4205-8259-01049e81b15e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Delivery Hero will sell a 15% stake in its Middle East unit Talabat on the DFM at AED <\/strong><strong>1.5-1.6 apiece<\/strong>, putting it on track to raise some USD 1.5 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-18\/dubai-ipo-delivery-hero-dher-eyes-about-1-5-billion-from-talabat-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a statement it has seen. The top end of the price range values the company at USD 10 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- De<\/strong><strong>livery Hero is set to kick off book building for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b0e87911-252e-4410-972b-2059516db1c9\/bookbuilding-for%253cmark%253e-talabat%253c%2Fmark%253e-to-kick-off-next-week\" style=\"\" rel=\"noopener\">Talabat\u2019s IPO<\/a><\/strong><strong> today.<\/strong> The retail investors\u2019 subscription period closes on Wednesday, 27 November, with the subscription period for institutional investors wrapping the following day. Delivery Hero <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b0e87911-252e-4410-972b-2059516db1c9\/bookbuilding-for%253cmark%253e-talabat%253c%2Fmark%253e-to-kick-off-next-week\" style=\"\" rel=\"noopener\">plans to allocate<\/a> 95% of the IPO shares to institutional investors, while 5% will be allocated to retail investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Delivery Hero appointed Emirates NBD Capital, Morgan Stanley, and JP Morgan as joint coordinators and bookrunners, with Abu Dhabi Commercial Bank (ADCB), Barclays, EFG-Hermes UAE, First Abu Dhabi Bank (FAB), Goldman Sachs, ING, and UniCredit also acting as joint bookrunners. Emirates NBD is the lead receiving bank, while ADCB, Abu Dhabi Islamic Bank, Al Maryah Community Bank, Wio, Emirates Islamic Bank, FAB, and our friends at Mashreq are also acting as receiving banks.<\/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\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/talabat\/\">Talabat<\/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=\"82491\" 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=\"82491\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/egypts-el-nasr-al-safy-group-form-a-jv-to-manufacture-and-export-cars\/\">\r\n                            Egypt\u2019s El Nasr + Al Safy Group form a JV to manufacture and export cars                        <\/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\/11\/19\/egypts-el-nasr-al-safy-group-form-a-jv-to-manufacture-and-export-cars\/\" 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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Established with EGP 500 mn in capital at the beginning of this year, the company will assemble, distribute, and finance the production of a range of vehicles in a bid to meet local demand and export to neighboring countries in North Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Safy owns the lion\u2019s share of the company: <\/strong>Al Safy holds a 76% stake in the venture, while El Nasr owns the remaining 24%. The JV had an initial investment of USD 40 mn, with further investments planned to expand operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- <\/strong>El Nasr this week officially <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e231a5e8-5a06-41ad-9464-d0385800c699\/\" style=\"\" rel=\"noopener\">restarted operations<\/a> after a 15-year hiatus, delivering its first batch of electric 49-passenger buses in partnership with China\u2019s Yutong to Transport Ministry-affiliated companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first three models will be launched next year:<\/strong> SN Automotive has already secured a contract with a major Chinese automaker and plans to launch three locally assembled models \u2014 one electric and two gasoline-powered \u2014 by mid-2025, with the company already having contracted automated welding lines for these models. The plants\u2019 launch next year will also see SN Automotive announce a second partnership with another foreign automaker, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mass transit vehicles are also in the works:<\/strong> The JV has secured an exclusive manufacturing license for <a target=\"_blank\" href=\"https:\/\/en.yutong.com\/\" style=\"\" rel=\"noopener\">Yutong<\/a> buses and is working on the manufacture of light and heavy transport vehicles, collaborating with local component manufacturers to support production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what?<\/strong> Al Safy is set to oversee the entire supply chain, from importing parts and securing local components to distributing cars, managing dealerships, and providing after-sales services. El Nasr will be responsible for manufacturing, while SN Automotive will carry out all commercial activities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deepening local industry: <\/strong>The partnership aims to increase the percentage of local components in manufactured cars from 49% to more than 60% \u2014 set to further efforts to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1ed2652-13a2-4dbb-ad35-647e35adcae1\/\" style=\"\" rel=\"noopener\">deepen auto industry localization<\/a> in the coming years.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82493 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"82493\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/82493\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82493\" class=\"content-area-description single-story post-82493 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/yanmuparks.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/425.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82494\" 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=\"82494\">\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\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/gulf-navs-bottom-line-slumps-in-3q-2024\/\">\r\n                            Gulf Nav\u2019s bottom line slumps in 3Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/gulf-navs-bottom-line-slumps-in-3q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Dubai-listed maritime firm\u2019s topline increased by 26% y-o-y to AED 23 mn, up from AED 18.2 mn in the same period last year, driven by cost management schemes and improved operational efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>GulfNav\u2019s net income was down 11.2% y-o-y to AED 24.7 mn in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d8c00839-94ad-4306-9446-44778a3e650d\/dubai%25e2%2580%2599s-dp-world-and-gulf-nav-post-1h-2024-results\" style=\"\" rel=\"noopener\">1H 2024<\/a>, while the firm\u2019s revenues fell 42.2% y-o-y to AED 37.5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story behind the numbers:<\/strong> The company attributed the rise in revenues to the expansion of vessel chartering initiatives, which was driven by increased demand and heightened operational efficiency. The firm also grew its fleet, which has undergone maintenance and upgrades to extend tankers\u2019 operational life by up to five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making moves:<\/strong> GulfNav received board approval for key terms for its acquisition of oil storage outfit Brooge Petroleum and Gas Investment Company from Brooge Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0d34e1c5-1f18-414a-920f-d6a25ee240d1\/%253cmark%253egulfnav%253c%2Fmark%253e%25e2%2580%2599s-board-greenlights-brooge-takeover\" style=\"\" rel=\"noopener\">in September<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/gulfnav\/\">Gulfnav<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/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=\"82496 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=\"82496\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/82496\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82496\" class=\"content-area-description single-story post-82496 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=\"82497\" 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=\"82497\">\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\">The Macro Picture<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/\">\r\n                            MENA special economic zones were a critical driver of global trade in 2023                        <\/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\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/\" 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\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/')\">\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\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/\">\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=MENA special economic zones were a critical driver of global trade in 2023&url=https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/\">\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\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/&title=MENA special economic zones were a critical driver of global trade in 2023\">\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=MENA+special+economic+zones+were+a+critical+driver+of+global+trade+in+2023+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2024%2F11%2F19%2Fmena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023%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\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1809.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82498\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/mena-special-economic-zones-were-a-critical-driver-of-global-trade-in-2023\/1809-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1809.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1809.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1809.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1809.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82497\" class=\"content-area-description single-story post-82497 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-the-macro-picture tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.39d9e218-5505-49e8-95a5-d9973499e4aa.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Global foreign direct investment (FDI) in special economic zones (SEZs) <\/strong><strong>surged in 2023 on the back of restrictive trade policies and supply chain disruptions<\/strong>, according to a recent FDI Intelligence <a target=\"_blank\" href=\"https:\/\/www.fdiintelligence.com\/content\/feature\/record-fdi-flows-into-global-free-zones-in-2023-84091?xnpe_tifc=bdnJOI_pOFoJx.o8OIE.OypsafeWaeiWhFWchue6aMs1hf8lhMPXVusDhfJsbC8.adJSxDQNOIVJOILLhF1Dx.YX4XTT&utm_source=exponea&utm_campaign=fDi%20-%20Intelligence%3A%20Digest%20-%20Newsletter%2011.10.24&utm_medium=email\" style=\"\" rel=\"noopener\">report<\/a>. Some 5% of all global FDI projects were funneled into freezones last year \u2014 up from 3.7% in 2022 \u2014 with MENA accounting for over half of the total FDI investments in SZEs globally, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why SEZs? <\/strong>SEZs are designated areas offering specific advantages for businesses, offering a variety of advantages that may differ in governance, types and scope of incentives, targeted industries, and available services. The varying scope of SEZs complicates efforts to accurately assess the level of business activity within these zones. \u201cIt\u2019s difficult to track them and to know which zones have actually entered operations and are successful,\u201d OECD policy analyst Maria Camila Moreno told FDI Intelligence. Adrianople Group estimates that there are some 4.9k active special economic zones in over 90 countries worldwide, while the WFZO calculates some 7k, the report notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Special economic zones offer \u201cpredictability in terms of a stable business environment,\u201d<\/strong> mitigating supply chain fluctuations, SZE-focused consultancy firm NxtZones CEO Douglas van den Berghe told the firm. Investing in SEZ or FTZs \u201csomewhat insulates companies from new customs, tariffs or [policy changes] that might come up,\u201d real estate advisor CBRE Americas senior managing director Seth Martindale told FDI Intelligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Around 85% of 516 global enterprise leaders predict that an increase in geopolitical tension will influence investment choices<\/strong>, a <a target=\"_blank\" href=\"https:\/\/www.fdiintelligence.com\/content\/news\/large-majority-of-big-firms-use-ai-for-fdi-83663\" style=\"\" rel=\"noopener\">Kearney<\/a> study found at the start of this year. Concerns are rising about the impact that growing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7901e5bc-43d8-45be-9382-63cab10b9835\/rising-tensions-in-the%253cmark%253e-south-china-sea%253c%2Fmark%253e-cause-concern-over-key-global-trade-route\" style=\"\" rel=\"noopener\">geopolitical tensions in Asia<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0347bc25-eca4-4fea-a29e-9fe62fd056a3\/today:-qatar-airways-intends-to-buy-a-25%2525-stake-in-virgin-australia\" style=\"\" rel=\"noopener\">conflicts in the Middle East<\/a> and Europe will have on global supply chains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the rise\u2026: <\/strong>The number of corporate filings and event transcripts discussing either \u201cfreezones\u201d or related terms, including \u201cfreetrade zones\u201d or \u201cspecial economic zones,\u201d reached an all-time high in 3Q 2023, the report says, citing data from AlphaSense. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026 and growing:<\/strong> \u201cFreezones will be very important in the next 10 years,\u201d World Freezones Organization (WFZO) board adviser Martin Ibarra told FDI Intelligence. \u201cThere is a reconfiguration of global chains to regional chains. Freezones give the perfect environment of ready infrastructure, buildings and duties exemptions [for investing companies adjusting their global footprints].\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA saw FDI flows go into <\/strong><strong>506 <\/strong><strong>of its SZEs in 2023<\/strong>, attracting more FDI projects than any other region and accounting for over half of the total FDI investments in SZEs globally, according to the report. 1H saw growth across the region, with investments in Oman\u2019s special economic zones, freezones, and industrial cities <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8dae84d-b5c3-4b2e-950d-4b4581ed2c21\/today:-uae-and-india-sign-pact-on-food-trade-route-%2B-pmi-reports-from-kuwait,-qatar,-and-lebanon-are-in\" style=\"\" rel=\"noopener\">rising by 20% y-o-y<\/a> to OMR 20.1 bn in the first half of this year. The Dubai Integrated Economic Zones Authority (DIEZ) also recorded <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4bde49e4-16e6-476a-9bd6-52ce19261dee\/today:-blackrock-buys-into-saudi-bahraini-crude-pipeline-%2B-ad-ports-spends-big-on-equipment-for-african-ports\" style=\"\" rel=\"noopener\">a 18% y-o-y boost<\/a> in net income and a 12% increase in revenues in 1H 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lots to come from Egypt:<\/strong> Egypt\u2019s cabinet revealed big plans for the country\u2019s ports back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d60ab119-dd94-4e0b-9d7b-9c05b12a030b\/today:-mubadala-lines-up-port-sale-%2B-dp-world-vs-djibouti-continues\" style=\"\" rel=\"noopener\">in July<\/a> \u2014 looking to set up 31 new dry ports and logistics zones during the coming three years. Egypt\u2019s General Authority for Investment and Freezones (GAFI) announced plans <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/51dad6bc-2b7a-4805-9588-63e6593c756c\/today:-pmi-reports-are-in-for-uae,-ksa,-and-egypt-%2B-lots-of-diplo-updates-from-the-uae\" style=\"\" rel=\"noopener\">this month<\/a> to set up four new freezones and have two others go live next year. The new zones will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7e89d397-ac81-42a9-a5cb-398f83a46c11\/today:-it%25e2%2580%2599s-a-blockbuster-day-for-logistics-forums-%2B-asyad-breaks-ground-on-muscat-airport-freezone\" style=\"\" rel=\"noopener\">be located<\/a> in Greater Cairo and New Alamein and will cover various sectors. The in-the-works zones are in addition to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dcf991e8-4a1f-452f-a564-0799601e83e5\/egypt-wants-to-get-back-on-jpmorgan%25e2%2580%2599s-em-indices\" style=\"\" rel=\"noopener\">six areas<\/a> already listed in GAFI\u2019s plan for next year. Industrial land developer Polaris Parks also committed EGP 10.5 bn (c. USD 217 mn) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7796fec2-6f87-45e5-b974-106423a66335\/turkey%25e2%2580%2599s-polaris-parks-set-to-invest-egp-10.5-bn-for-two-industrial%253cmark%253e-zones%253c%2Fmark%253e-in-egypt\" style=\"\" rel=\"noopener\">last month<\/a> to develop two major industrial parks in Egypt\u2019s New Administrative Capital and New October City.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Saudi Arabia:<\/strong> The Saudi Port Authority (Mawani) and Al Jeri Logistics Services inked two contracts worth SAR 160 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0cdc407c-d3d7-4215-be6d-e058b39d14a2\/mawani-%2B-al-jeri-ink-sar-160-mn-agreement-for-two-logistics%253cmark%253e-zones%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">in August<\/a> to develop two logistics zones for storing and handling containers at Jeddah Islamic Port and King AbdulAziz Port in Dammam. The kingdom <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/25d2343a-b308-41f4-9037-ac02da54499b\/saudi%25e2%2580%2599s-jazan-city-inks-three-tenders-valued-at-sar-315-mn-to-boost-port-connectivity\" style=\"\" rel=\"noopener\">launched<\/a> four new SEZs in April last year \u2014 Riyadh, Jazan, Ras al Khair, and King Abdullah Economic City \u2014 to reinforce its position as a global investment hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Governments are eyeing SEZs to boost their regional foothold:<\/strong> King Salman International Airport Development Company (KSIADC) inked an MoU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4d288613-cdc2-4480-bb4f-1f25df2fb32c\/ksa%25e2%2580%2599s-global-logistics-forum-inks-sar-17-bn-worth-of-agreements-on-first-day\" style=\"\" rel=\"noopener\">this month<\/a> with Chinese firm Ewpartners to explore the development of an e-commerce and logistics special economic zone within King Salman International Airport. The UAE-India CEPA Council inked two agreements with the Ras Al Khaimah Economic Zones Authority and the Abu Dhabi Chamber of Commerce and Industry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/971b6c89-c8b8-48b5-9a54-cc94a95e61fd\/uae-%2B-india-agree-to-boost-logistics,-maritime,-and-trade-cooperation-at-business-forum\" style=\"\" rel=\"noopener\">last month<\/a> to expand connectivity and cooperation between business communities in the two countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Renewables are a big boost:<\/strong> Renewable energy investments in SEZs amounted to some USD 18.6 bn in 2023, making it the largest recipient sector globally. However, this marked a decline from the record USD 61.6 bn in renewable energy FDI commitments recorded in freezones in 2022, largely due to fewer large, speculative agreements being signed for green hydrogen production in FTZs.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/the-macro-picture\/\">THE MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82499 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"82499\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/82499\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82499\" class=\"content-area-description single-story post-82499 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/ak-ships.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/87.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82500\" 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=\"82500\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/heaps-of-updates-from-bahrain-uae-ksa-morocco-kuwait-and-egypt\/\">\r\n                            Heaps of updates from Bahrain, UAE, KSA, Morocco, Kuwait, and Egypt                        <\/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\/11\/19\/heaps-of-updates-from-bahrain-uae-ksa-morocco-kuwait-and-egypt\/\" 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 new refining hub is estimated to cost USD 9.82 bn, the newswire said. Aramco and Sinopec inked a preliminary agreement for the <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2022\/aramco-sinopec-and-sabic-expand-refining-and-petrochemical-cooperation\" style=\"\" rel=\"noopener\">greenfield project back in 2022<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Project profile:<\/strong> The new refining hub is situated in Zhangzhou city\u2019s Gulei industrial park and includes a 320k bbl \/ d refinery, ethylene and paraxylene plants, and a 300k-ton crude oil terminal. Once operational, the facility is expected to supply some 5 mn tons of petrochemical feedstocks a year. The initiative is separate from another USD 6.4 bn Sabic refining complex also situated in Gulei industrial park, Reuters explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS HANDLING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Menzies secur<\/strong><strong>es ground handling license in Malaysia: <\/strong>Ground handling firm Menzies Aviation, a subsidiary of Kuwait-based Agility, has secured a new ground handling license to deliver passenger, ramp, and cargo services at Kuala Lumpur International Airport (KUL) in Malaysia, according to a <a target=\"_blank\" href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-secures-ground-handling-license-in-malaysia\/\" style=\"\" rel=\"noopener\">statement<\/a>. Menzies\u2019 JV with Malaysian supply chain management company MMAG Holdings, Menzies Aviation Malaysia, will begin delivering ground handling services from KUL starting January 2025 under the 12-month license. Private aviation company MJets will be the first customer for Menzies, who will serve more than 30 weekly flights. <\/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>Gulf Air partner<\/strong><strong>s up with AWS on cloud infrastructure: <\/strong>Bahrain\u2019s flagship carrier Gulf Air has entered into a strategic collaboration with Amazon Web Services (AWS), a subsidiary of Amazon, to develop the airline\u2019s operations using AWS\u2019 cloud infrastructure, <a target=\"_blank\" href=\"https:\/\/www.bna.bh\/en\/news?cms=q8FmFJgiscL2fwIzON1%2BDvU8TI871KzQONd%2FhT8FtAk%3D\" style=\"\" rel=\"noopener\">Bahrain News Agency<\/a> (BNA) reported on Friday. Gulf Air will use AWS\u2019 technology to modernize its digital foundation across airports and airline segments, improving operational efficiency, customer experience, and scalability through AI and machine learning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThe partnership is designed to develop cloud innovation for Gulf Air\u2019s operations, leveraging advanced tools such as Gen AI, Bedrock, and SageMaker to enhance services across airports and aircraft,\u201d Managing Director of MENA and Turkey region for AWS Yasser Hassan said to BNA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Maritime AI company Windward <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7f34603b-f643-455b-b700-ab3789190423\/global-cotton-prices-tumble-as-supply-rises-in-swing-with-inflation-rates\" style=\"\" rel=\"noopener\">is collaborating<\/a> with AWS to launch generative AI solutions to improve risk management for the shipping, logistics, and public sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dnata\u2019s Airport Handling to operate ground handling at Rome Fiumicino (FCO): <\/strong>Dubai-based air services provider Dnata\u2019s joint venture Airport Handling has been awarded a seven-year ground handling license at Rome Fiumicino Airport (FCO), according to a <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/airport-handling-granted-operating-license-at-rome-fiumicino-fco\/\" style=\"\" rel=\"noopener\">press release<\/a>. Airport Handling will provide ramp and passenger services at FCO starting February 2025, with a EUR 20 mn investment in ground support equipment (GSE). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SHIPPING + MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mawani adds new shipping service to Jubail Commercial Port: <\/strong>The Saudi Ports Authority (Mawani) added Emirates Shipping Line\u2019s EJBS service to Jubail Commercial Port, it said in a <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/article?news=1701124\" style=\"\" rel=\"noopener\">statement<\/a>. The new service, which has a 1.8k standard container capacity, will link the Jubail port to the ports of Jebel Ali in the UAE, and Shuwaikh in Kuwait.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Chambers to exp<\/strong><strong>lore investments in Poland + Slovakia: <\/strong>A business delegation led by the Federation of Saudi Chambers (FSC) Chairman Hasssan bin Mujib Al-Huwaizi departed for Poland and Slovakia on Monday to explore investment opportunities and sign several agreements and commercial partnerships, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2209086\" style=\"\" rel=\"noopener\">SPA<\/a> reports. The delegation includes 72 business leaders from different sectors, government entities, and authorities. The delegation will participate in a meeting of the Saudi-Polish Business Council and the Saudi-Slovak Business Forum to sign an agreement and establish a joint business council. <\/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\">DIGITILIZATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cairo International Airport\u2019s cargo management system gets an upgrade<\/strong><strong>:<\/strong> Turkish logistics solutions provider CACC Cargolinx has implemented Hermes Logistics Technologies\u2019s (HLT) SaaS Cloud-based service at Egypt\u2019s Cairo International Airport, streamlining cargo handling operations and boosting digital infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/hermes-cargo.com\/news\/press-releases\/hermes-saas-ecosystem-goes-live-at-cairo-international-airport-as-cacc-cargolinx-marks-major-milestone-in-digitalisation\/\" style=\"\" rel=\"noopener\">statement<\/a>. The project has integrated Hermes\u2019 Business Intelligence platform and Track and Trace application, which will offer data insights and host detailed shipment information for customers and shippers in real time.<\/p>\n<p class=\"tag-border-left\">RAIL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Morocco taps Covec <\/strong><strong>for railway<\/strong><strong> project: <\/strong>Morocco\u2019s National Railways Office (ONCF) has awarded China Overseas Engineering Corporation (Covec) a MAD 1.34 bn (c. USD 133.9 mn) contract for the high-speed line (LGV) from Kenitra to Marrakech, <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/11\/366368\/chinese-firm-covec-secures-key-contract-in-kenitra-marrakech-lgv-project\" style=\"\" rel=\"noopener\">Morocco World News<\/a> reports, citing Morocco's <a target=\"_blank\" href=\"https:\/\/fr.le360.ma\/economie\/lgv-kenitra-marrakech-le-chinois-covec-remporte-un-contrat-de-13-milliard-de-dirhams_HD4AT5IEB5FA5A5CBWKLFT7HFU\/#google_vignette\" style=\"\" rel=\"noopener\">Le360<\/a>. The contract will cover extensive civil work, including earthworks, engineering structures, communications restoration, and fencing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big picture: <\/strong>The project falls under ONCF\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3bf5ac03-052f-47d0-877e-605f6d8e0699\/morocco-opens-bids-for-375-km-high-speed-railway-%2B-dnata-boosts-its-european-footprint\" style=\"\" rel=\"noopener\">USD 37 bn plan<\/a> to link the country\u2019s cities, ports, and airports via high speed railways with speeds of up to 350 kilometers per hour. ONCF\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/703b7756-36fe-41dd-b855-5e9311e9f8a2\/morocco-rolls-out-a-mad%253cmark%253e-9.78-%253c%2Fmark%253ebn-rail-expansion-strategy\" style=\"\" rel=\"noopener\">MAD 9.78 bn<\/a> railway development investment plan for 2025-2027 will also extend towards the LGV. <\/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>Iran boosts imports from UAE<\/strong><strong>:<\/strong> Iran has launched three weekly direct cargo services from Payam Airport to the UAE\u2019s Al Maktoum International Airport. The flights will be dedicated to importing the goods required for the manufacturing of electronic devices in Iran. (<a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85662518\/Iran-launches-direct-cargo-flight-to-UAE-to-import-electronic\" style=\"\" rel=\"noopener\">IRNA<\/a>)<\/li>\n<li><strong>Afghanis<\/strong><strong>tan + Iran to cooperate on rail transport:<\/strong> Afghanistan\u2019s Public Works Ministry has sent a delegation to Iran to discuss increasing commercial exchange through the Khaf-Herat railway. (<a target=\"_blank\" href=\"https:\/\/en.irna.ir\/news\/85662416\/Afghan-delegation-visits-Iran-to-expand-cooperation-in-rail-transportation\" style=\"\" rel=\"noopener\">IRNA<\/a>)<\/li>\n<li><strong>Pakistan-Iran <\/strong><strong>border trade point reopens: <\/strong>The Balochistan region\u2019s Kuntanipur border crossing between Iran and Pakistan reopened on Monday. (<a target=\"_blank\" href=\"https:\/\/24newshd.tv\/18-Nov-2024\/pakistan-iran-border-trade-point-reopens\" style=\"\" rel=\"noopener\">24 News<\/a>)<\/li>\n<li><strong>BIA rec<\/strong><strong>eives IEnvA Certification: <\/strong>Bahrain International Airport (BIA) has become the world\u2019s first airport to receive the IATA Environmental Assessment (IEnvA) Certification recognizing its commitment to sustainability. (<a target=\"_blank\" href=\"https:\/\/www.internationalairportreview.com\/news\/231888\/bahrain-international-airport-becomes-first-in-the-world-to-achieve-ienva-environmental-certification\/\" style=\"\" rel=\"noopener\">International Airport Review<\/a>) <\/li>\n<li><strong>Beyon + BAC partner up on airport services: <\/strong>Bahrain\u2019s ICT provider Beyon Solutions has inked an agreement with Bahrain Airport Company to enhance the aviation communications infrastructure at Bahrain International Airport (BIA), boosting operational efficiency and emergency response capabilities. (<a target=\"_blank\" href=\"https:\/\/beyon.com\/2024\/11\/14\/beyon-solutions-and-bahrain-airport-company-sign-partnership-during-bias-2024\/\" 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\/amazon\/\">Amazon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"82502\" 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=\"82502\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Around the World<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/boeing-lays-off-over-400-workers-taiwan-eyes-partnership-with-the-eu-in-semiconductors-ai-sectors\/\">\r\n                            Boeing lays off over 400 workers + Taiwan eyes partnership with the EU in semiconductors, AI sectors                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1805.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82503\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/boeing-lays-off-over-400-workers-taiwan-eyes-partnership-with-the-eu-in-semiconductors-ai-sectors\/1805-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1805.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1805.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1805.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1805.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82502\" class=\"content-area-description single-story post-82502 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-aviation tag-boeing tag-eu 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\/11\/.5e57d43a-8cbc-42dd-b1c8-46b0fa2a7fd3.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Embattled aviation giant Boeing issued layoff notices to over 400 workers as the <\/strong><strong>company grapples to recover from a seven-week <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7e89d397-ac81-42a9-a5cb-398f83a46c11\/today:-it%25e2%2580%2599s-a-blockbuster-day-for-logistics-forums-%2B-asyad-breaks-ground-on-muscat-airport-freezone\" style=\"\" rel=\"noopener\">machinist strike<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/boeing-layoffs-union-strike-4a3b21ba7696e2e945708f6a2cb74438\" style=\"\" rel=\"noopener\">AP<\/a> reports. The firm issued pink slips to members of the Society of Professional Engineering Employees in Aerospace Union (SPEEA) last week, with workers remaining on the payroll until mid-January. Boeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7e89d397-ac81-42a9-a5cb-398f83a46c11\/today:-it%25e2%2580%2599s-a-blockbuster-day-for-logistics-forums-%2B-asyad-breaks-ground-on-muscat-airport-freezone\" style=\"\" rel=\"noopener\">plans to axe nearly 10% of its workforce<\/a> and will delay its delivery of the 777X jet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Boeing workers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f382e909-5321-4285-a037-d3efb7d72371\/today:-sczone-plans-usd-3-bn-infrastructure-investment-%2B-morocco-eyes-tan-tan-port-for-green-hydrogen-exports\" style=\"\" rel=\"noopener\">accepted<\/a> a new contract offer this month, bringing an end to a seven-week strike that halted most jet production and worsened the company\u2019s already existing supply chain issues and delivery delays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taiwan is looking to boost collaboration with the EU in the semiconductor and AI <\/strong><strong>sectors<\/strong>, calling for the formation of a bilateral economic partnership agreement, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/chip-powerhouse-taiwan-calls-economic-partnership-deal-with-eu-2024-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing comments by Taiwan\u2019s President Lai Ching-te said at the annual Taiwan-EU Investment forum in Taipei. A partnership agreement between the two countries would \u201cmake both [their] economies more resilient and secure,\u201d as well as ensure \u201cthe stable operation of global supply chains,\u201d Ching-te stressed. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/eu\/\">EU<\/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=\"82504\" 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\/11\/19\/82504\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82504\" class=\"content-area-description single-story post-82504 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> Calendar<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29 November (Friday): Egypt and Italy to launch a ro-ro shipping line connecting Damietta Port with Port of Trieste.<\/span><\/p>\n<p style=\"padding:0;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>2Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/share\/p\/tWzEZHVq6kk1CNvX\/\" style=\"\">ICAO Facilitation Conference 2025<\/a><\/span><span style=\"font-weight:400;\"> (FLAC 2025), Dohar, 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;\">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>Talabat is heading for a blockbuster IPO | Say hello to Egypt\u2019s new JV to manufacture and export cars | Gulf Nav\u2019s bottom line slumps in 3Q<\/p>\n","protected":false},"featured_media":82485,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82484","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"559c5850-8b9d-45f0-a5e4-b2a87cf4820b","teaser":"Talabat is heading for a blockbuster IPO | Say hello to Egypt\u2019s new JV to manufacture and export cars | Gulf Nav\u2019s bottom line slumps in 3Q","photo_url":"https:\/\/ent.news\/2024\/1\/1228.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>Talabat IPO to raise up to USD 1.5 bn - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, 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