{"id":85113,"date":"2025-03-13T00:00:00","date_gmt":"2025-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=85113"},"modified":"2025-12-15T16:23:38","modified_gmt":"2025-12-15T16:23:38","slug":"dubai-aerospace-enterprise-mulls-selling-its-stake-in-joramco","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/dubai-aerospace-enterprise-mulls-selling-its-stake-in-joramco\/","title":{"rendered":"Dubai Aerospace Enterprise mulls selling its stake in Joramco"},"content":{"rendered":"<section id=\"85115\" 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=\"85115\">\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\/2025\/03\/13\/today-dae-mulls-selling-its-stake-in-joramco-ksas-red-sea-gateway-terminal-lands-in-djibouti\/\">\r\n                            TODAY: DAE considers selling its Joramco stake + Saudi\u2019s Red Sea Gateway Terminal lands in Djibouti                        <\/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\/2025\/03\/13\/today-dae-mulls-selling-its-stake-in-joramco-ksas-red-sea-gateway-terminal-lands-in-djibouti\/\" 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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But first, the latest update on the world\u2019s intensifying trade warring\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG<\/strong><strong> LOGISTICS STORY- The <\/strong><strong>E<\/strong><strong>U <\/strong><strong>claps back <\/strong><strong>at the US: <\/strong>The EU will impose tariffs on up to EUR 26 bn (USD 28 bn) of US goods starting April in retaliation for the US\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/12a7d16c-767b-459d-8982-8f5f0122caaa\/today:-aramex-to-respond-to-adq%25e2%2580%2599s-acquisition-bid-by-next-month\" style=\"\" rel=\"noopener\">most recent<\/a> 25% tariffs on steel and aluminum imports which took effect yesterday. The EU\u2019s strategy involves \u201cstrong but proportionate\u201d measures including reinstating previously suspended tariffs on EUR 9 bn worth of US exports and introducing new countermeasures on EUR 18 bn worth of goods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ex is playing it cool: <\/strong>The UK has decided not to retaliate immediately and will \u201c[focus on] rapidly negotiating a wider economic agreement with the US to eliminate additional tariffs and to benefit UK businesses and our economy,\u201d UK Business and Trade Secretary Jonathan Reynolds told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/uk-splits-with-europe-by-avoiding-snap-retaliation-to-us-tariffs?srnd=phx-economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in int\u2019l <\/strong><strong>press<\/strong><strong>:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/eu-impose-counter-tariffs-over-28-billion-us-goods-2025-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-eu-tariffs-countermeasures-806a3b9bcc9cd4e45817e672d95f0070\" style=\"\" rel=\"noopener\">The Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/uk-splits-with-europe-by-avoiding-snap-retaliation-to-us-tariffs?srnd=phx-economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/69f582a6-3cec-4858-b115-3a24329102b4\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/trade\/trump-tariffs-steel-no-exemptions-6ed95f5b\" style=\"\" rel=\"noopener\">The Wall Stree<\/a><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/trade\/trump-tariffs-steel-no-exemptions-6ed95f5b\" style=\"\" rel=\"noopener\">t Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/03\/12\/business\/trump-tariffs-steel-aluminum\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/03\/12\/europe-tariff-retaliation-trump\/\" style=\"\" rel=\"noopener\">The Washington<\/a><a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/03\/12\/europe-tariff-retaliation-trump\/\" style=\"\" rel=\"noopener\">Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/03\/12\/trumps-25percent-tariffs-on-steel-and-aluminum-imports-take-effect.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/03\/12\/business\/spirits-bourbon-tariffs\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/cx2gprz84rlt\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/mar\/12\/eu-retaliates-against-trump-tariffs-with-26bn-countermeasures\" style=\"\" rel=\"noopener\">The Guardian<\/a> <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- Egypt\u2019s National Railway Authority is reportedly seeking an EGP 2 bn loan from a consortium of<\/strong><strong> local banks for its Arish-Taba logistics corridor project<\/strong>, informed sources told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%D8%B3%D9%83%D9%83-%D8%AD%D8%AF%D9%8A%D8%AF-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-2-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The loan will be backed by the Finance Ministry and is slated to be secured by the end of the fiscal year. The Arish-Taba corridor will connect the Red Sea\u2019s Taba to the Mediterranean\u2019s Arish in Sinai, passing through the heavy industries\u2019 zones in Central Sinai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a larger plan: <\/strong>The Arish-Taba corridor is part of the Transport Ministry\u2019s plan to develop seven <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d4ef859-41d7-4ddf-a8e5-1f6832047392\/how-egypt-is-investing-in-infrastructure-as-a-way-to-boost-trade-competitiveness-and-attract-more-industrial-investments\" style=\"\" rel=\"noopener\">new integrated logistic corridors<\/a> to connect production areas with seaports, or to link Red Sea ports with their Mediterranean counterparts. The ministry\u2019s plan also seeks to connect these corridors to dry ports and logistic zones via rail and road networks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM EGYPT- <\/strong><strong>New<\/strong><strong> public freezones could be in the works: <\/strong>The General Authority for Investment and Freezones (GAFI) submitted a proposal to Egyptian Prime Minister Moustafa Madbouly to set up new freezones catering to the spinning, textiles, engineering, and chemical production industries, GAFI head Hossam Heiba told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/03\/11\/1874759\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The authority says it's ready to start infrastructure work after it gets the green light.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unlike private freezones, public freezones are a bit of a rarity<\/strong>, with only <a target=\"_blank\" href=\"https:\/\/www.gafi.gov.eg\/English\/eServices\/Pages\/free-zones.aspx\" style=\"\" rel=\"noopener\">nine public<\/a><a target=\"_blank\" href=\"https:\/\/www.gafi.gov.eg\/English\/eServices\/Pages\/free-zones.aspx\" style=\"\" rel=\"noopener\">freezones<\/a> in the country and 230 private freezones, Heiba said. The new zones will support the expansion of companies operating in the country and attract new foreign companies to the market, the authority head said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Construction on eight LNG vessels commissioned by <\/strong><strong>Qatar Gas Transport Company <\/strong><strong>Limited\u2019s (Nakilat)<\/strong><strong> has begun at South Korea\u2019s Hanwha Ocean Shipyard<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/nakilatqatar_lngshipping-nakilat-activity-7305551483121340416--_UK?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFSQWLEBYNaE49mU05G3P7AmDsuAFuzS3BU\" style=\"\" rel=\"noopener\">statement<\/a>. The move is part of Qatar\u2019s ongoing initiative to expand its fleet of LNG vessels as it advances plans to bolster its LNG production capacity to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d055ff01-c152-418a-9736-96228dacd86a\" style=\"\" rel=\"noopener\">some 142 mn tons per year by 2030<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar\u2019s growing orderbook: <\/strong>QatarEnergy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/af835974-c144-4c1b-8840-0c21a735ad68\/qatar-energy-inaugurates-four-new-lng-vessels\" style=\"\" rel=\"noopener\">inaugurated four new LNG vessels<\/a> developed in South Korea last November, bringing its tally to 128, including 24 QC-Max mega vessels. QatarEnergy inked a 15-year time charter <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d055ff01-c152-418a-9736-96228dacd86a\" style=\"\" rel=\"noopener\">last year<\/a> with Nakilat to operate 25 conventional-size LNG vessels as part of the second ship-owner tender under QatarEnergy\u2019s LNG Fleet Expansion program. The vessels will each have a capacity of 174k cubic meters and will be built by South Korea\u2019s Hyundai Heavy Industries and Hanwha Ocean.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER NAKILAT NEWS- Credit ratings agency Fitch Ratings has sustained the company\u2019s <\/strong><strong>debt outlook prompted by robust government support<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/infrastructure-project-finance\/fitch-affirms-nakilat-inc-bonds-at-aa-a-outlooks-stable-06-03-2025\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The assessment maintained an \u2018AA-\u2019 rating for Nakilat\u2019s USD 850 mn series A senior secured bonds due in 2033 and an \u2018A+\u2019 rating for its junior debt offering of USD 300 mn series A subordinated second-priority secured bonds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Fitch says the state-backed Nakilat is integral to Qatar\u2019s LNG exports \u2014 a sizable contributor to the nation\u2019s inflows \u2014 and that the authorities are incentivized to support its projects. Nakilat\u2019s operational risks remain ballasted by its passing-on of voyage costs, fuel costs, and port charges to charterers, as well as its outsourcing of ship management to Shell. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#3- <\/strong><strong>DP World to expand its London Gateway Logistics Park<\/strong><strong>:<\/strong> UAE\u2019s DP World has received the green light to expand at its UK London Gateway Logistics Park after the Thurrock borough council approved a new 10-year local development order (LDO) for the site, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/united-kingdom\/latest-news\/new-10-year-local-development-order-backs-growth-of-london-gateway-logistics-park\" style=\"\" rel=\"noopener\">statement<\/a>. Under the new order, new builds will be granted final approval within 28 days of submission \u2014 streamlining the process of granting lease agreements and construction approvals of new facilities. DP World has so far developed half of its London hub \u2014 the largest of its facilities in the UK at an area spanning 9 mn sqft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The park originally obtained its first 10-year LDO in 2013, which allowed for the development of 17 state-of-the-art facilities spanning over 4 mn sqft and 1.5k jobs on the site. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Asyad <\/strong><strong>Shipping makes its debut on MSX: <\/strong>Asyad Shipping \u2014 the LNG transport unit of Omani state-backed logistics giant Asyad Group \u2014 has successfully debuted on the Muscat Stock Exchange (MSX) following an IPO that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6a9e22cc-e9ff-4a5e-b945-e52d8ffd3169\/oman%25e2%2580%2599s-asyad-shipping-ipo-raises-usd-332.8-mn\" style=\"\" rel=\"noopener\">raised USD 332.8 mn<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/efg-hermes-completes-advisory-on-333mln-ipo-of-asyad-shipping-company-on-the-muscat-stock-exchange-ww5bsvjs\" style=\"\" rel=\"noopener\">press release<\/a>. The floated shares will now be available for trades at MSX under the symbol \u201cASCO.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Asyad Shipping wrapped an IPO offering 20% of its shares \u2014 over 1 bn \u2014 earlier this month that saw the company\u2019s market capitalization hit over USD 1.66 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Riyadh Air is exploring partnerships with Air India and IndiGo to strengthen its <\/strong><strong>presence in India<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/en\/media-hub\/riyadh-air-delegation-to-explore-partnerships-in-india\" style=\"\" rel=\"noopener\">statement<\/a> released following CEO Tony Douglas\u2019s visit to the country. \u201cIndia has long been a crucial part of Riyadh Air\u2019s network planning ahead of our operations launch,\u201d Douglas said. The airline <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e4eceb20-7c66-4655-bb3c-98309480fd80\/today:-asyad-shipping%25e2%2580%2599s-ipo-%2B-china-tariffs-retaliation\" style=\"\" rel=\"noopener\">plans to launch<\/a> this year, with several Boeing aircraft scheduled for delivery in 3Q. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#6- <\/strong><strong>Boeing<\/strong><strong> beats Airbus\u2019 deliveries once again: <\/strong>American aircraft manufacturer Boeing delivered 44 aircraft in February \u2014 including 32 from its 737 models \u2014 beating its European rival Airbus for the <a target=\"_blank\" href=\"https:\/\/djsaviation.net\/boeing-beats-airbus-in-january-2025\/\" style=\"\" rel=\"noopener\">second month<\/a> in a row, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-11\/boeing-s-jet-deliveries-top-airbus-for-second-straight-month\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Boeing delivered a total of 89 commercial aircraft since the start of the year \u2014 outpacing Airbus\u2019 65 deliveries. For new orders, Boeing received a total of 13 aircraft orders in February against Airbus\u2019 14. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could it be the start of a good year? <\/strong>The plane manufacturer delivered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/63198ecb-40d1-443b-8dac-17b5bc912491\" style=\"\" rel=\"noopener\">some 45 aircraft in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/63198ecb-40d1-443b-8dac-17b5bc912491\" style=\"\" rel=\"noopener\">January<\/a>, its busiest month since 2023. Deliveries included 40 737 MAX jets, which saw a 60% y-o-y increase in deliveries. In contrast, Airbus only delivered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ece245da-cdc3-44e8-b7b4-4c6e4f0d6cfd\/today:-egypt%25e2%2580%2599s-wheat-storage-gets-eu-funding-%2B-pmi-season-is-here\" style=\"\" rel=\"noopener\">25 aircraft<\/a> in January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Boeing\u2019s delivery delays and general supply chain disruptions have been projected to persist into <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/03f347a8-9e2b-4d58-b99b-14a03fe7a1d7\/the-aviation-industry%25e2%2580%2599s-woes-are-expected-to-continue-into-2025\" style=\"\" rel=\"noopener\">2025<\/a>. The manufacturer is bracing for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6b2955ad-3a5b-457b-abf8-9b976c97829a\/latest-us-tariffs-may-hit%253cmark%253e-boeing%253c%2Fmark%253e-harder-than-airbus\" style=\"\" rel=\"noopener\">tough year<\/a> that could see its supply chains destabilized and operational costs rocked as a result of US President Donald Trump\u2019s tariffs. <\/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- Oil prices saw a slight drop this morning after a major surge on Wednesday driven by <\/strong><strong>reports of lower-than-expected US stockpiles, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-eases-concerns-about-escalating-tariff-wars-impact-global-economy-2025-03-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures decreased by USD 0.05 to USD 70.90 a barrel, while the US West Texas Intermediate (WTI) went down by USD 0.10 to USD 67.58 a barrel by 04.26 GMT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Opec+ oil output jumped in February to 41.01 mn bbl \/ day<\/strong>, rising 363k bbl \/ d from the previous month, according to Opec\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1002.pdf\" style=\"\" rel=\"noopener\">monthly oil market report (pdf)<\/a>. The increase was driven primarily by higher output from Kazakhstan, which added 198k bbl \/ d to its monthly production \u2014 bringing its monthly production to \u201cat least 300k bbl \/ d above the Opec+ ceiling,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/opec-oil-production-surges-as-kazakhstan-further-breaches-quota\" style=\"\" rel=\"noopener\">Bloomberg<\/a> notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Balti<\/strong><strong>c index on a winning streak:<\/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\">gained 128<\/a> points to 1,559 on Wednesday, buoyed by all segments. The capesize climbed 285 points to 2,759, while the panamax index rose 94 points to 1,158. The smaller supramax index rose by 8 points to 872.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Chinese alumina prices are projected to fall to CNY 3k a ton this year, <\/strong>signaling the end of 2024\u2019s market rally that saw its prices double to CNY 5.7k a ton (USD 795), AZ China Ltd analyst Zhang Meng told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-10\/china-s-aluminum-firms-win-big-on-stunning-drop-in-raw-material\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Alumina is a multi-purpose industrial material that is also essential for aluminum smelting. <\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/commodityinsights.spglobal.com\/fujcon.html\" style=\"\" rel=\"noopener\">Fuj<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/commodityinsights.spglobal.com\/fujcon.html\" style=\"\" rel=\"noopener\">airah International Bunkering and Fuel Oil Forum (FUJICON 2025)<\/a><\/strong><strong> from Monday, 7 April to Wednesday, 9 April<\/strong> in Fujairah. The forum will host energy leaders from the private and public sector to discuss geopolitical and decarbonization impacts on shipping and bunker markets, fuel quality, market trends, pricing and technological advancements. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2025-gulf-ship-finance-forum\" style=\"\" rel=\"noopener\">Gulf Ship Finance Forum<\/a><\/strong><strong> on Thursday, 10 April<\/strong> in Dubai. The forum will host shipping and finance executives from around the region and the world to host presentations, interviews and panel discussions on ownership, management, chartering, legal and trading in shipping. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/events\/all\/cargois-forum\/\" style=\"\" rel=\"noopener\">CargoIS Forum<\/a><\/strong><strong> on Monday, 14 April<\/strong> in Dubai. The event will discuss industry insights and strategies from leading logistics players, including Emirates SkyCargo and Lufthansa Cargo. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/events\/all\/world-cargo-symposium\/\" style=\"\" rel=\"noopener\">IATA World Cargo Symposium<\/a><\/strong><strong> from Tuesday, 15 April to Thursday, 17 April <\/strong>in Dubai. The event will host sessions, specialized streams, workshops and summits related to technology, se<\/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\/airbus\/\">Airbus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/asyad\/\">Asyad<\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dp-world\/\">DP World<\/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\/logistics-park\/\">logistics 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\r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85118\" 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=\"85118\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/dubai-aerospace-enterprise-mulls-sale-of-its-mro-arm-joramco\/\">\r\n                            Dubai Aerospace Enterprise mulls sale of its MRO arm Joramco                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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  <\/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\/2025\/03\/13\/dubai-aerospace-enterprise-mulls-sale-of-its-mro-arm-joramco\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1066.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85119\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/dubai-aerospace-enterprise-mulls-sale-of-its-mro-arm-joramco\/1066-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1066.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1066.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1066.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1066.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85118\" class=\"content-area-description single-story post-85118 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-aviation tag-dubai-aerospace-enterprise tag-ma-watch tag-mro tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.37111e0a-4fbd-4391-b6cd-21d8a3c62c0c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> UAE aircraft-leasing company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/\" style=\"\" rel=\"noopener\">Dubai Aerospace Enterprise (DAE)<\/a><\/strong><strong> is reportedly mulling <\/strong><strong>the sale of its Jordan-based <\/strong><strong>maintenance, repair and overhaul (MRO)<\/strong><strong> unit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.joramco.com.jo\/\" style=\"\" rel=\"noopener\">Joramco<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/dubai-aerospace-said-to-seek-buyer-for-aircraft-maintenance-unit?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources with knowledge of the matter. DAE has reportedly tapped Morgan Stanley for the possible sale, which could see it divest its entire holding \u2014 about an 80% stake \u2014 in the company. Royal Jordanian airline currently holds the remaining 20%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DAE could be trying to take advantage of the hot demand for jet maintenance providers, <\/strong>as delays in new jet deliveries by Boeing and Airbus and global aircraft shortage push airlines to extend the life of older planes. Last summer, the company said that its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/baafa5c7-932e-46e5-b03d-7ab74dd4b367\/today:-gfh-closed-usd-300-mn-logistics-fund-%2B-radius-lines-up-a-new-uae-logistics-project\" style=\"\" rel=\"noopener\">services were fully booked for 18 months in advance<\/a>, citing a surging demand for MRO services amid aircraft delivery delays. The company also plans to open a new hangar by this month to accommodate this growth, Bloomberg reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Joramco: <\/strong>The company serves more than 130 customers across over 60 countries through 5 hangars and 10 workshops, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/998.pdf\" style=\"\" rel=\"noopener\">DAE\u2019s investors presentation (pdf).<\/a> Most of its business is concentrated in Europe (58%), followed by the Middle East (34%) and South Asia (4%). This MRO provider reported a 35% rise in sales in <a target=\"_blank\" href=\"https:\/\/aviationweek.com\/mro\/aircraft-propulsion\/dae-reports-busy-2024-mro-leasing?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">9M 2024<\/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\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dubai-aerospace-enterprise\/\">Dubai Aerospace Enterprise<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/mro\/\">MRO<\/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=\"85120 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=\"85120\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/85120\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85120\" class=\"content-area-description single-story post-85120 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=\"85121\" 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=\"85121\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Ports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/saudis-red-sea-gateway-terminal-to-operate-djiboutis-tadjourah-port\/\">\r\n                            Saudi\u2019s Red Sea Gateway Terminal to operate Djibouti\u2019s Tadjourah Port                        <\/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\/2025\/03\/13\/saudis-red-sea-gateway-terminal-to-operate-djiboutis-tadjourah-port\/\" 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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No investment ticket or timeline for the project has been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Tadjourah:<\/strong> The port \u2014 which spans 30 hectares \u2014 primarily supports local potash exports and serves as a multipurpose port for neighboring landlocked countries. It includes two berths and a 190m RoRo quay, and has the capacity to handle up to 2k tonnes of potash cargo per hour and up to 4 mn tonnes annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA\u2019s making moves in Djibouti:<\/strong> A consortium of Saudi investors inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5b904dbb-b99d-4f6d-b5ce-35a135b8787d\/saudi-investors-will-develop-a-120k-sqm-logistics-hub-at%253cmark%253e-djibouti%253c%2Fmark%253e-port\" style=\"\" rel=\"noopener\">92-year contract<\/a> back in June to establish a 120k sqm Saudi Logistics City in Djibouti Port freezone, which is poised to become the Kingdom\u2019s largest logistics zone overseas. The project is set to position Djibouti\u2019s port as a gateway for Saudi exports to Africa. The Kingdom\u2019s Transport General Authority also inked a <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/2365027\" style=\"\" rel=\"noopener\">cooperation agreement<\/a> to expand its ties with Djibouti in the maritime transport sector back in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RSGT has other overseas ventures: <\/strong>RSGT announced plans in January to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3c5758f5-c8f7-48ee-aa71-08625f6d25bc\/today:-egyptair-secures-egp-bns-for-fleet-expansion-%2B-a-flurry-of-aviation-ipo-updates\" style=\"\" rel=\"noopener\">invest up to USD<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3c5758f5-c8f7-48ee-aa71-08625f6d25bc\/today:-egyptair-secures-egp-bns-for-fleet-expansion-%2B-a-flurry-of-aviation-ipo-updates\" style=\"\" rel=\"noopener\">200 mn<\/a> in Bangladesh\u2019s Chittagong Port\u2019s Patenga Container Terminal \u2014 which it already manages through <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cc5f374a-0489-4c49-9b2b-65f2348c61ea\/today:-air-cargo-demand-rises-for-third-consecutive-month-in-october-%2B-ican-wraps-after-busy-week\" style=\"\" rel=\"noopener\">a 22-year concession<\/a> \u2014 to expand its handling capacity. <\/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\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/red-sea-gateway-terminal\/\">Red Sea Gateway Terminal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85123\" 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=\"85123\">\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\">Debt Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/\">\r\n                            Kuwait\u2019s Agility refinances debt, raises USD 47 mn at five-year tenor                        <\/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\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/\" 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\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/')\">\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\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/\">\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=Kuwait\u2019s Agility refinances debt, raises USD 47 mn at five-year tenor&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/\">\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\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/&title=Kuwait\u2019s Agility refinances debt, raises USD 47 mn at five-year tenor\">\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=Kuwait%E2%80%99s+Agility+refinances+debt%2C+raises+USD+47+mn+at+five-year+tenor+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F13%2Fkuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor%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\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/628.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85124\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/kuwaits-agility-refinances-debt-raises-usd-47-mn-at-five-year-tenor\/628-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/628.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"628.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/628.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/628.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85123\" class=\"content-area-description single-story post-85123 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-agility-logistics tag-debt-watch tag-kuwait tag-morocco 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\/2025\/3\/.6adbe5de-4f7b-4fa1-801a-fcda5a223b4b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Agility <\/strong><strong>restructures<\/strong><strong> debt + renews tenor:<\/strong> Kuwait\u2019s Agility Public Warehousing Company has refinanced a segment of its existing credit facilities, incurring an additional USD 47 mn to bring the total borrowed value to USD 280 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/988.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The logistics player has also arranged to renew the facility\u2019s tenor by five years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Debt-full: <\/strong>As part of its ongoing refinancing program that began in 2022, the company <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/investor-relations-news\/supplementary-disclosure-agilitys-credit-facility-agreement\/\" style=\"\" rel=\"noopener\">entered<\/a><a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/investor-relations-news\/supplementary-disclosure-agilitys-credit-facility-agreement\/\" style=\"\" rel=\"noopener\">into an agreement<\/a> with regional and international banks to refinance and raise credit facilities to USD 3.2 bn (KWD 980 mn at the time). Agility secured a <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/investor-relations-news\/supplementary-disclosure-agility-continued-its-refinancing-program-march-2023\/\" style=\"\" rel=\"noopener\">USD 75 mn facility<\/a> \u2014 its latest facility in the program \u2014 from an unnamed regional bank in March 2023, bringing its total borrowings at the time to about USD 3.1 bn (KD 938 mn).<\/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\">MORE <strong>DEBT WATCH<\/strong> UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IFC + Kazyon expand partnership:<\/strong> The World Bank\u2019s International Finance Corporation (IFC) is expanding its partnership with Egyptian budget supermarket chain Kazyon through a USD 30 mn loan to support its Morocco discount retail operations expansion, according to a <a target=\"_blank\" href=\"https:\/\/www.ifc.org\/en\/pressroom\/2025\/ifc-and-kazyon-strengthen-partnership-to-boost-morocco-s-food-retail-sector-create\" style=\"\" rel=\"noopener\">statement<\/a>. The money will be used to increase the company's warehousing and storage capacity, as well as add more retail stores in Morocco. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works: <\/strong>Kazyon was in line for a USD 30 mn loan from the IFC to fund the company\u2019s expansion agenda in Morocco, the lender said in a project summary <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4230aad9-3678-48a8-8585-c65e8a819820\" style=\"\" rel=\"noopener\">back in November 2024<\/a>. Kazyon Morocco CEO told Asharq Business <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33568309-a50d-4297-8ccf-e4f586fdbd17\/\" style=\"\" rel=\"noopener\">back in October 2024<\/a> that the company is investing USD 144 mn to expand in the Moroccan market \u2014 particularly in major cities \u2014 over the coming four years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The supermarket chain also first tapped into the Saudi market earlier in February<\/strong>, with its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7dca7d6-227d-4985-bed9-5fc1863d81a5\/%253cmark%253ekazyon%253c%2Fmark%253e-expands-into-saudi-arabia,-acquiring-half-of-discount-retailer-dukan\" style=\"\" rel=\"noopener\">50% stake purchase<\/a> in Saudi Arabia\u2019s sole discount retailer Dukan in a SAR 250 mn (c. USD 66.7 mn) transaction.<\/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\/agility-logistics\/\">Agility Logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/morocco\/\">Morocco<\/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=\"85125 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=\"85125\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/85125\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85125\" class=\"content-area-description single-story post-85125 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=\"85126\" 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=\"85126\">\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\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/\">\r\n                            Sanad sees 40% y-o-y increase in revenues in FY 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\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/')\">\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\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/\">\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=Sanad sees 40% y-o-y increase in revenues in FY 2024&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/\">\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\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/&title=Sanad sees 40% y-o-y increase in revenues in FY 2024\">\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=Sanad+sees+40%25+y-o-y+increase+in+revenues+in+FY+2024+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F13%2Fsanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024%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\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1070.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85127\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/sanad-sees-40-y-o-y-increase-in-revenues-in-fy-2024\/1070-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1070.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1070.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1070.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1070.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85126\" class=\"content-area-description single-story post-85126 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-aviation tag-earnings-watch tag-mro tag-mubadala 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\/2025\/3\/.e4f684b8-b980-4fef-b4cf-eca5cf14af12.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala\u2019s aerospace engineering and leasing arm <\/strong><strong>Sanad <\/strong><strong>Group reported a 40% y-o-y <\/strong><strong>revenue increase to AED 4.9 bn in 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/949.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The top-line performance was attributed to a rise in global demand for engine maintenance, repair, and overhaul (MRO) services, expanding into foreign markets, and inking agreements with airlines and original engine manufacturers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Sanad signed a AED 73.5 mn agreement to extend its partnership with aviation maintenance firm Global Aerospace Logistics (GAL) in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3f715a16-3f8b-427a-8be8-b05a2bd594cb\/%253cmark%253esanad%253c%2Fmark%253e-%2B-gal-extend-their-mro-agreement\" style=\"\" rel=\"noopener\">November 2024<\/a>, allowing it to continue providing maintenance services for the Rolls-Royce Trent 700 engines. It also sold 16 aircraft engines to Etihad Airways, valued at approximately AED 1.5 bn in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/dbf51e53-bbcd-4a4d-86da-e92bd5299f0e\/etihad-airways-acquires-aed-1.5-bn-worth-of-engines-from%253cmark%253e-sanad%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">October 2024<\/a>. The company also partnered with Airbus in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3395ac56-d681-45fe-a0dd-d32bf400549d\/data-centers,-ports,-and-trade-news-from-the-uae,-egypt-and-saudi-arabia\" style=\"\" rel=\"noopener\">August 2024<\/a> to provide MRO services for Airbus engines.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/mro\/\">MRO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/mubadala\/\">Mubadala<\/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=\"85128\" 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=\"85128\">\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\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/\">\r\n                            Updates on rail, trade, shipping and maritime from Morocco 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\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/')\">\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\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/\">\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=Updates on rail, trade, shipping and maritime from Morocco and Egypt&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/\">\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\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/&title=Updates on rail, trade, shipping and maritime from Morocco and Egypt\">\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=Updates+on+rail%2C+trade%2C+shipping+and+maritime+from+Morocco+and+Egypt+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F13%2Fupdates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt%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\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1062.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85129\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/updates-on-rail-trade-shipping-and-maritime-from-morocco-and-egypt\/1062-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1062.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1062.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1062.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1062.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85128\" class=\"content-area-description single-story post-85128 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-egypt tag-msc tag-rail tag-saudi-arabia tag-shipping-maritime 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\/2025\/3\/.5b51590e-216a-4569-9a87-439d9a5eb524.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Tender for Egypt\u2019s railway manufacturing complex has frontrunners: <\/strong>Four local firms \u2014 Hassan Allam, Concord, El Rowad Contracting, and Redcon Construction \u2014 have been shortlisted as front runners in the French rolling stock manufacturer Alstom\u2019s tender to build a EUR 80 mn railway manufacturing complex, Alstom\u2019s Egypt General Manager Ramy Salah told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/03\/12\/1874717\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The selected firm will be announced by the end of this month, with construction slated to begin effective immediately, Salah added. The complex is planned to begin production in 1Q 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Production will be earmarked for both the local use and exports to markets in the Middle <\/strong><strong>East, and Africa, <\/strong>Salah said. Alstom has also started a promotion campaign exploring possible exports to European markets, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The tender pertains to the initial phase of the project, which includes the construction of a components factory, an insider source with knowledge of the matter told us. The tender for the main manufacturing factory has not been issued by Alstom yet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/241ecfa8-b0df-4d63-9cf2-01c8a6c34205\/exxonmobil-discovers-natural-gas-at-its-first-ever-offshore-well-in-egypt.-plus:alqahtani-holding-%2B-tanmia-petroleum-%2B-enppi-%2B-petrojet,-alstom,-ci-capital,-misr-beni-suef-cement\" style=\"\" rel=\"noopener\">Alstom launched a tender<\/a> in January for the construction of its planned Borg El Arab railway manufacturing complex, which was sent to around 15 Egyptian contracting firms. <\/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><\/strong><strong>MSC to expand its footprint in Egypt:<\/strong> The Transport Ministry\u2019s Holding Company for Maritime and Land Transport inked an MoU with Italy\u2019s shipping giant Mediterranean Shipping Company (MSC) to boost logistics cooperation, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid0387TvcEaQ77HGxPJUrQqy9VHbyFkegS68oSN5M8YGpCenHeGdudrAnJisSZtGd8Jil\" style=\"\" rel=\"noopener\">statement<\/a>. Under the agreement, the two sides will work to identify areas of potential cooperation in the management and operation of seaports, dry ports, railway cargo facilities, and logistics zones.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong>?<\/strong><strong> MSC<\/strong><strong>:<\/strong> Egypt inked a more final agreement with Medlog \u2014 the cargo subsidiary of Italy\u2019s Mediterranean Shipping Company (MSC) \u2014 to develop a dry port and logistics hub in the Tenth of Ramadan City under a public-private partnership <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e7b147b4-aa7e-4789-b0d4-afef9564675d\" style=\"\" rel=\"noopener\">in January<\/a>. The project \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/64a08c32-140e-4599-80ff-cf9a81685faa\" style=\"\" rel=\"noopener\">first signed in 2023<\/a> \u2014 will be set up with investments amounting to USD 130 mn. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2924d3de-2c58-464c-a105-e18beba04051\/egypt-has-big-dry-port-plans-%25e2%2580%2594-where-do-they-currently-stand%3F\" style=\"\" rel=\"noopener\">250-feddan project<\/a> will be carried out under a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2924d3de-2c58-464c-a105-e18beba04051\/egypt-has-big-dry-port-plans-%25e2%2580%2594-where-do-they-currently-stand%3F\" style=\"\" rel=\"noopener\">30-year PPP contract<\/a> and is expected to serve the industrial area in Badr, Ain Sokhna, East Port Said, the New Capital, and the Tenth of Ramadan.<\/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-Egyptian investment pact gets the green light from Egypt\u2019s parliament:<\/strong> The Egyptian Parliament approved an agreement with Saudi Arabia to encourage bilateral investments, boost capital flow, and create new jobs, the Saudi Chambers Federation said in a <a target=\"_blank\" href=\"https:\/\/x.com\/CSC_SA\/status\/1899415354603941924\" style=\"\" rel=\"noopener\">post on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The Saudi-Egyptian Business Council <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2059312\" style=\"\" rel=\"noopener\">called for stronger relations between<\/a><a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2059312\" style=\"\" rel=\"noopener\">Cairo and Riyadh<\/a>, including the establishment of \u201can economic alliance\u201d to penetrate third markets at the 18th session of the Saudi-Egyptian Joint Committee held in Riyadh earlier this month.<\/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\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/msc\/\">MSC<\/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\/saudi-arabia\/\">Saudi Arabia<\/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\/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=\"85130 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=\"85130\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/85130\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85130\" class=\"content-area-description single-story post-85130 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=\"85131\" 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=\"85131\">\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\/2025\/03\/13\/panama-canal-considers-developing-gas-pipeline\/\">\r\n                            Panama Canal considers developing of gas pipeline                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/panama-canal-considers-developing-gas-pipeline\/\" 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\/2025\/03\/13\/panama-canal-considers-developing-gas-pipeline\/')\">\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\/2025\/03\/13\/panama-canal-considers-developing-gas-pipeline\/\">\n                    Facebook                    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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1057.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85132\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/13\/panama-canal-considers-developing-gas-pipeline\/1057-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1057.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1057.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1057.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1057.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85131\" class=\"content-area-description single-story post-85131 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-panama-canal 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\/2025\/3\/.89e87ee2-792f-470e-a6a7-9a7318d55fdb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Panama Canal eyes gas pipeline<\/strong><strong>: <\/strong>The Panama Canal is considering the construction of a pipeline to diversify its operations and to move up to 1 mn barrels per day of liquefied petroleum gas (LPG) across the passage \u2014 with Japan as the leading prospective buyer of the LPG, canal administrator Ricaurte Vasqueez told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/panama-canal-weighs-pipeline-move-gas-with-eye-asian-clients-2025-03-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The canal expects to make a final decision about the pipeline in the next 12 months, with investment tickets totaling USD 8 bn for the infrastructure and sustainability projects spread over the next decade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Hong Kong-based conglomerate CK Hutchinson has sold a majority stake in its USD 22.8 bn ports arm to a consortium led by the US\u2019 Blackrock for USD 19 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5e0278d2-ad92-40c3-bff8-deb93c3bde09\/canada-launches-retaliatory-tariffs-on-the-us,-mexico-to-respond-%2B-us-firms-to-control%253cmark%253e-panama%253c%2Fmark%253e-canal-ports\" style=\"\" rel=\"noopener\">last week<\/a>. The transaction saw the US-based buyers handed control of ports along the Panama Canal, which US President Donald Trump commended as the US \u201creclaiming\u201d the waterway. <\/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>Some <\/strong><strong>US airlines might hit turbulence in earnings: <\/strong>Major US carriers Delta Airlines and Southwest Airlines have tempered their earnings forecasts for 1Q 2025 amid stock rate losses that could be bigger than Silicon Valley\u2019s recent USD 750 bn market value loss, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/breakingviews\/airline-alarms-are-more-dire-than-big-tech-buzz-2025-03-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sign of the time? <\/strong>Airlines struggling have been generally treated as one of the early signs of a recession, Reuters reported. It signals both less spending on travel and a possible slowdown in trade, impacting cargo movement amid economic uncertainty stemming from the US\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5e0278d2-ad92-40c3-bff8-deb93c3bde09\/canada-launches-retaliatory-tariffs-on-the-us,-mexico-to-respond-%2B-us-firms-to-control-panama-canal-ports\" style=\"\" rel=\"noopener\">ongoing<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5e0278d2-ad92-40c3-bff8-deb93c3bde09\/canada-launches-retaliatory-tariffs-on-the-us,-mexico-to-respond-%2B-us-firms-to-control-panama-canal-ports\" style=\"\" rel=\"noopener\">tariff war<\/a>, which prompted cutbacks in corporate and discretionary spending. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Airline-specific headwinds<\/strong><strong>: <\/strong>American Airlines pointed to a slump in consumer spending on domestic leisure \u2014 especially in March \u2014 as the reason behind its own forecast reduction, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/03\/11\/consumer-confidence-airlines-delta-southwest-american\" style=\"\" rel=\"noopener\">Axios<\/a> reports. Delta Airlines also noted a \u201csoftness in bookings and demand trends\u201d in a recent disclosure. Airlines are also pointing to <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/11\/business\/airlines-cut-revenue-forecasts-delta-southwest.html\" style=\"\" rel=\"noopener\">fliers\u2019<\/a><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/03\/11\/business\/airlines-cut-revenue-forecasts-delta-southwest.html\" style=\"\" rel=\"noopener\">mounting safety concerns<\/a> following a series of accidents such as <a target=\"_blank\" href=\"https:\/\/www.axios.com\/local\/washington-dc\/2025\/01\/31\/plane-crash-recovery-morgue-first-responders\" style=\"\" rel=\"noopener\">last January\u2019s<\/a> plane crash in Washington \u2014 the deadliest US crash in 20 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A story told in figures: <\/strong>Delta cut its 1Q revenue growth forecast <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/delta-airlines-cuts-first-quarter-profit-forecast-increased-macroeconomic-2025-03-10\/\" style=\"\" rel=\"noopener\">by about half on Tuesday<\/a> \u2014 projecting a 3-4% y-o-y growth, down from a prior forecast of 7-9%. The carrier\u2019s stock price declined 24% in the past month, largely echoing the 22% drop seen by the S&P 500 passenger airlines index in the same period. Southwest Airlines also cut its <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/suzannerowankelleher\/2025\/03\/11\/airlines-cut-forecasts-consumer-confidence-economic-uncertainty\/\" style=\"\" rel=\"noopener\">projections for revenue per available seat mile by 3%<\/a>, citing weaker bookings.<\/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\/panama-canal\/\">Panama canal<\/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=\"85133\" 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\/2025\/03\/13\/85133\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85133\" class=\"content-area-description single-story post-85133 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;\">MARCH<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>24-25 March (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.airbus.com\/en\/airbus-summit-2025\" style=\"\">Airbus Summit<\/a><\/span><span style=\"font-weight:400;\">, Toulouse, France.<\/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;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conferenziaworld.com\/global-supply-chain-and-logistics-summit\/\" style=\"\">Global Supply Chain and Logistics Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, The Netherlands. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-4 April (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/africasco.co.za\/\" style=\"\">Africa Supply Chain Optimization<\/a><\/span><span style=\"font-weight:400;\">, Johannesburg, South Africa  <\/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 April (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.marinemoney.com\/events-2-0-2\/2025-gulf-ship-finance-forum\" style=\"\">Gulf Ship Finance 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>14 April (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/cargois-forum\/\" style=\"\">CargoIS 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>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/product\/transport-middle-east-2025-2\/\" style=\"\">Transport Middle East Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Aqaba, Jordan.<\/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>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/all\/world-cargo-symposium\/\" style=\"\">IATA World Cargo Symposium<\/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>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>28 April-2 May: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iranexpo.co\/\" style=\"\">7th Export Capabilities Exhibition (Iran Expo)<\/a><\/span><span style=\"font-weight:400;\">, Tehran, Iran.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <br \/><\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6-8 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>12-15 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-smartlogistics.com\/\" style=\"\">Saudi Smart Logistics<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>13-14 May (Tuesday-Wednesday): <\/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>20-22 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east\/index.stm\" style=\"\">Seamless Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>27-29 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudilogisticsexpo.com\/\" style=\"\">Saudi Warehousing & Logistics Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">JUNE<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1-3 June (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iata.org\/en\/events\/agm\/agm-2025\/\" style=\"\">Annual General Meeting & World Air Transport Summit 2025<\/a><\/span><span style=\"font-weight:400;\">, 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>2-4 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.propakmena.com\/en\/home.html\" style=\"\">Propak MENA<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>5-6 June (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cparityevent.com\/supply-chain-4-0-summit\/\" style=\"\">Supply Chain & Logistics Innovation Summit<\/a><\/span><span style=\"font-weight:400;\">, Amsterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>11-13 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/key-notion.com\/sustainability-world-summit\/\" style=\"\">Sustainability World Summit<\/a><\/span><span style=\"font-weight:400;\">, Frankfurt, Germany.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>17-19 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tocevents-europe.com\/en\/home.html\" style=\"\">Terminal Operations Conference & Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/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 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emmc.me\/\" style=\"\">East Med Maritime Conference<\/a><\/span><span style=\"font-weight:400;\">, Athens, Greece.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>25-26 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\/forum\/\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Hamburg, Germany.<\/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;\">JULY<\/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>1-3 July (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.transportevents.com\/product\/asean-ports-and-logistics-2025\/\" style=\"\">ASEAN Ports and Logistics<\/a><\/span><span style=\"font-weight:400;\">, Jakarta, Indonesia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>24-26 September (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.routesonline.com\/events\/254\/routes-world-2025\/\" style=\"\">Routes World<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1-2 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/saudi-maritime-congress\" style=\"\">Saudi Maritime & Logistics Congress<\/a><\/span><span style=\"font-weight:400;\">, Dammam, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>14-15 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.afsic.net\/welcome\/\" style=\"\">Investing in Africa Conference and Expo<\/a><\/span><span style=\"font-weight:400;\">, London, UK. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span 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>3-6 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4-6 November (Tuesday-Thursday): <\/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=\"\">Air Cargo Forum<\/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>17-21 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiairshow.aero\/\" style=\"\">Dubai Airshow<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><span style=\"font-weight:400;\"> <br \/><\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>Mid-2025: Iraq will complete <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/iraq-to-finish-phase-1-of-faw-grand-port-in-2025-r1g2m8qk\" style=\"\">phase one<\/a><\/span><span style=\"font-weight:400;\"> of the construction of the Grand Faw Port.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">DHL and Aramco\u2019s logistics and procurement hub in Saudi Arabia will commence operations.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">AD Ports-operated Safaga Port\u2019s multi-purpose terminal will become operational. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apmterminals.com\/en\/news\/news-releases\/2023\/231213-one-million-teu-expansion-at-apm-terminals-tangier-med-port-operational#:~:text=12%2F18%2F2023-,One%20million%20TEU%20expansion%20at%20APM%20Terminals%20Tangier%20MedPort%20operational,an%20additional%20400%20metre%20berth.\" style=\"\">Phase 3<\/a><\/span><span style=\"font-weight:400;\"> of APM Terminals Tangier MedPort to be complete and operational.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Sadr Park\u2019s Logistics Center in Riyadh to be completed. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.jafza.ae\/media-centre\/news\/jafza-completes-phase-1-of-new-logistics-park\/\" style=\"\">Phase two<\/a><\/span><span style=\"font-weight:400;\"> of Jafza Logistics Park to be completed.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:400;\">2026 UNCTAD Global Supply Chains Forum, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>4Q 2027: Oman\u2019s Musandam Airport construction to be completed.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Dubai Aerospace mulls Joramco stake sale | Saudi port operator lands in Djibouti | EU claps back against US 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