{"id":85154,"date":"2025-03-17T00:00:00","date_gmt":"2025-03-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?post_type=issue&#038;p=85154"},"modified":"2025-12-15T16:24:29","modified_gmt":"2025-12-15T16:24:29","slug":"gulfnav-shareholders-approve-aed-3-29-valuation-for-brooge-energy-assets","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/logistics\/issues\/gulfnav-shareholders-approve-aed-3-29-valuation-for-brooge-energy-assets\/","title":{"rendered":"GulfNav shareholders approve AED 3.29 valuation for Brooge Energy assets"},"content":{"rendered":"<section id=\"85156\" 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=\"85156\">\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\/17\/today-gulfnav-approves-valuation-for-brooge-assets-acquisition-egypts-adabiya-port-plans\/\">\r\n                            TODAY: GulfNav approves valuation for Brooge assets acquisition + Egypt\u2019s Adabiya Port expansion plans                        <\/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\/17\/today-gulfnav-approves-valuation-for-brooge-assets-acquisition-egypts-adabiya-port-plans\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Let\u2019s get the ball rolling. <\/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- US launches probe into Suez Canal, other global shipping chokepoints:<\/strong> The US Federal Maritime Commission (FMC) has launched an investigation into global maritime chokepoints \u2014 including the Suez Canal \u2014 to assess whether foreign governments or shipping operators are creating conditions unfavorable to US shipping and trade, according to an <a target=\"_blank\" href=\"https:\/\/www.federalregister.gov\/documents\/2025\/03\/14\/2025-04042\/order-of-investigation-into-transit-constraints-at-international-maritime-chokepoints\" style=\"\" rel=\"noopener\">investigation order<\/a> published Friday on the Federal Register. The commission is seeking comments until 13 May regarding the causes of constraints in the global checkpoints, which also include the English Channel, the Malacca Strait, the Northern Sea Passage, the Singapore Strait, the Panama Canal, and the Strait of Gibraltar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the Suez Canal?<\/strong> The waterway \u2014 which handles 10-12% of global trade \u2014 is a focal point of concern for the US administration, because \u201cits narrow width and single-lane format often leads to delays, especially during peak seasons,\u201d according to the investigation order. The commission also pointed out that its shallow depth \u201cmakes it prone to weather-related issues, further increasing the risk of accidents,\u201d citing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7338a482-1d8a-4ede-8eb7-7ff758f0fae2\" style=\"\" rel=\"noopener\">2021 Ever Given crisis<\/a>. The commission also highlighted security risks stemming from ongoing conflicts, including that involving the Houthis and the war in Gaza, on top of \u201cthreats from piracy and terrorism,\u201d the document read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What could this mean: <\/strong>The FMC has been given the authority to take corrective action if the investigation proves unfavorable conditions in shipping, Former FMC lawyer Lauren Beagen told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-14\/us-probe-of-maritime-chokepoints-sets-up-expanded-global-reach\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, including blocking access to US ports or a USD 1 mn fee per voyage for foreign-flagged vessels. This could limit \u201cfirms\u2019 ability to participate in FMC-filed agreements including alliances.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>IN OTHER EGYPT-RELATED NEWS- Gov\u2019t is in talks with the US\u2019 Excelerate Energy over a possible lease of floating <\/strong><strong>storage <\/strong><strong>and regasification units, <\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid025eWcHsSsphe9kyYYbRdD3rVZBKmEPTcevzPwrzCFh9q7ctZY7oj6XFDFFPjfHgWsl&id=100064812882317&_rdr\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The talks took place between Egypt\u2019s Oil Minister Karim Badawi and Excelerate Energy\u2019s CEO Steven Kobos during a meeting in which they also discussed sharing technical expertise and LNG trade cooperation, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid025eWcHsSsphe9kyYYbRdD3rVZBKmEPTcevzPwrzCFh9q7ctZY7oj6XFDFFPjfHgWsl&id=100064812882317&_rdr\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In line with larger plans: <\/strong>Egypt is set to resume its natural gas imports next month, seizing on a moment of lower global gas prices due to waning European demand, a senior government source told EnterpriseAM. The move comes amid a gov\u2019t push to redevelop its strategic gas reserve \u2014 leveraging newly secured infrastructure and LNG supply agreements, the source added. The country aims to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8398abc-0b64-4e2f-9af3-c01ebf7a6223\/today:-egypt%25e2%2580%2599s-subsea-cable-factory-%2B-dekheila-port%25e2%2580%2599s-new-petrochemicals-facility\" style=\"\" rel=\"noopener\">import<\/a> 155-160 shipments of LNG this year to close the gap between demand and supply. Egypt reportedly needs around 6.2 bn cubic feet per day (bcf\/d), but domestic production only contributes 4.4 bcf\/d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the cards:<\/strong> Egypt is expected to receive four LNG shipments by April \u2014 with projections of an increase in imports between five to six shipments per month during the summer period due to a rise in consumption levels due to high temperatures, the source noted. Egypt has reportedly contracted at least five <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b9fd749-aa29-4e1e-8130-779b690eb091\" style=\"\" rel=\"noopener\">regasification units<\/a> at present \u2014 with forecasts pointing to boosted shipments of imported gas and an increased flow of Israeli gas entering the country to meet growing demand from the industrial sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hopes are high for new local discoveries: <\/strong>The country still has a long-term objective to become a net LNG exporter once again and has so far avoided long-term contracts despite current favorable prices in hope of new natural gas discoveries that could put Egypt once again on the global export map. \u201cWe hope that [natural gas] discoveries and increased production will contribute to reducing demand for imported gas by next year,\u201d the source added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#2- Washington hits Iran with a fresh wave of sanctions: <\/strong>The US has slapped sanctions on Iranian Oil Minister Mohsen Paknejad, a number of vessels, and three companies linked with its shadow oil operations, according to statements published on Thursday <a target=\"_blank\" href=\"https:\/\/www.state.gov\/sanctions-on-irans-oil-minister-and-shadow-fleet-to-exert-maximum-pressure\/\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/www.state.gov\/sanctioning-service-providers-that-facilitate-irans-crude-oil-trade\/\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0049\" style=\"\" rel=\"noopener\">here<\/a>. The US targeted Paknejad for supervising the Islamic Republic\u2019s export of crude and designating bns of greenback worth of oil to Iran\u2019s armed forces for export. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The vessels in question?<\/strong> The newly-designated vessels include the Hong Kong-flagged Peace Hill, Iran-flagged Polaris 1, Panama-flagged Corona Fun, and the San Marino-flagged Seasky, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us-imposes-sanctions-iranian-oil-minister-treasury-website-says-2025-03-13\/\" 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>The third salvo: <\/strong>The move marks the Trump Administration's third strike on Iranian crude since the signing of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/46fb87fa-67a6-4b77-a875-e6ac654f7bd1\/today:-uae%25e2%2580%2599s-non-oil-trade-hit-aed-3-tn-landmark-in-2024-%2B-us-targets-iran-exports\" style=\"\" rel=\"noopener\">\u201cmaximum pressure\u201d campaign<\/a> in February. The sanctions aim to reduce Iran\u2019s oil exports to zero to cripple its alleged pursuit of a nuclear weapon and its funding of what the US designates as terrorism abroad, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-13\/us-hits-iran-s-oil-minister-and-shadow-fleet-with-new-sanctions\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Warning Tehran: <\/strong>US President Donald Trump has ordered aerial attacks on Houthi targets and threatened Tehran over its funding of the group, according to a <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114167864888304754\" style=\"\" rel=\"noopener\">statement<\/a> on Truth Social published on Saturday. Trump vowed to continue the strikes until the Houthis cease their attacks on US and US-allied commercial and naval vessels navigating the Red Sea \u2014 an issue that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0b48fcdb-c07e-4fbf-adee-bd8dfc680ab0\/houthi-attacks-claim-three-fatalities-as-red-sea-crisis-escalates\" style=\"\" rel=\"noopener\">has disturbed the waterway in 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN <\/strong><strong>OTHER SANCTION UPDATES- <\/strong><strong>The delivery time of a Russian oil tanker has increased sevenfold due to US sanctions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-14\/russian-oil-delivery-takes-seven-times-longer-after-sanctions\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Friday. The Russian vessel \u2014 the Daba \u2014 delivered 2 mn barrels of Sokol crude to China after a voyage of more than seven weeks, notably much longer than its usual one-week delivery time. Although unsanctioned by the US, the tanker underwent ship-to-ship transfers and received shipments from vessels that were themselves targeted by the US\u2019 <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/new-us-sanctions-russian-tankers-hit-oil-supplies-india-refining-sources-say-2025-01-10\/\" style=\"\" rel=\"noopener\">sweeping addition<\/a> of around <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8398abc-0b64-4e2f-9af3-c01ebf7a6223\" style=\"\" rel=\"noopener\">180 tankers in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Chevron <\/strong><strong>eyes Middle East for crude: <\/strong>American oil and gas firm Chevron is reportedly looking for the Middle East for crude supplies as they look for alternatives of Venezuelan oil to keep its refineries humming, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-12\/chevron-eyes-mexico-middle-east-to-replace-venezuelan-crude?srnd=phx-economics-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Thursday. Chevron \u2014 which was given a 30-day window to stop their Venezuela operations after a Trump order \u2014 is also looking into sourcing crude from Mexico and Brazil. <\/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- O<\/strong><strong>il prices went up on Monday morning in the wake of US airstrikes on the <\/strong><strong>Yemen-based Houthis, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/brent-crude-opens-week-higher-us-vows-keep-attacking-houthis-2025-03-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures increased by USD 0.41 to USD 70.99 a barrel, while the US West Texas Intermediate (WTI) surged by USD 0.40 to USD 67.58 a barrel by 03.36 GMT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Goldman Sachs has slashed its forecasts for oil prices in 2026, citing projections <\/strong><strong>of higher supplies from Opec+ and a slowed down oil demand, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/bofa-lowers-2025-brent-forecast-by-5bbl-softer-demand-2024-09-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The financial institution now predicts WTI to trade at USD 67 and Brent crude at USD 71 by December 2025, almost USD 5 below its previous projections<strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN REGIONAL OIL MARKET NEWS- <\/strong><strong>Saudi Aramco is expected to ship between 34-36 mn bbl of oil to China next month, the<\/strong><strong> lowest amount since June 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-13\/saudi-aramco-s-oil-sales-to-china-set-to-fall-sharply-in-april\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, noting that there is no clarity on whether the decline is due to lower demand or reduced supply. The expected decline is reportedly partly due to maintenance at China\u2019s Sinopec-owned refineries, reducing processing capacity by 700k barrels per day (bbl \/ d) from mid-March to May, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-crude-oil-supply-china-slump-april-sources-say-2025-03-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing trade sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Saudi Arabia was <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/332904c7-fe75-4465-aff0-3533e8b5cd48\/aramco-chief-wants-a-new-global-energy-strategy\" style=\"\" rel=\"noopener\">looking to boost<\/a><\/strong> <strong> its oil exports to Asia<\/strong> \u2014 particularly China and India \u2014 in a race against Russia to uptake a larger share of the region\u2019s market, after Opec+ decided to gradually increase output earlier this month. Aramco also lowered its crude oil prices for Asian buyers in April for the first time in three months, cutting Arab Light by USD 0.40 to USD 3.50 a barrel above Omani and Dubai average prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Baltic index <\/strong><strong>on an upwards trend: <\/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\">was up 19<\/a> points to 1,669 on Friday. The capesize dipped 36 points to 2,857, while the panamax index gained 65 points to 1,365, a five-month high. The smaller supramax index rose by 35 points to 930.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- T<\/strong><strong>he Drewry World Cont<\/strong><strong>ainer Index decreased 7% to USD 2,368 per 40-ft container on <\/strong><strong>Thursday<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\/supply-chain-expertise\/world-container-index---13-march\" style=\"\" rel=\"noopener\">latest index readings<\/a>. Spot rates for 40-ft containers are at their lowest since January 2024 and 77% below the previous pandemic peak, but remain 67% above the pre-pandemic rate of USD 1.4k. The average composite index YTD is USD 3,205 per 40ft container, which is USD 321 higher than the 10-year average rate of USD 2,884.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>The <\/strong><strong>US<\/strong><strong> is set to see long-term growth in LNG demand despite a lack of pipeline capacity for natural gas<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ceraweek-ai-lng-demand-keep-us-natgas-use-record-highs-bottlenecks-threaten-2025-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday, citing industry executives. Government entities are forecasting a rise in domestic gas consumption to 105.5 bn cubic ft per day (cf\/d) in 2025 and 107.6 bn cf\/d in 2026, up from 102.3 bn cf\/d in 2024. The critical insufficiency of pipelines \u2014 which resulted in a 35% rise in stateside electricity costs \u2014 is not expected to deter LNG capacity growth, which is predicted to almost double between 2024-2028.<\/p>\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Oman saw its trade balance surplus decline 3.4% y-o-y, reaching OMR 7.5 bn at the <\/strong><strong>close of 2024<\/strong><strong>, <\/strong>according to <a target=\"_blank\" href=\"https:\/\/www.ncsi.gov.om\/News\/Pages\/NewsCT_20250316101263744.aspx\" style=\"\" rel=\"noopener\">preliminary statistics<\/a> released by the National Centre for Statistics and Information. The country\u2019s commodity exports rose 6.8% y-o-y to reach OMR 24.2 bn in the same period, which is primarily attributable to an 18.4% y-o-y incline in Oman\u2019s oil and gas exports \u2014 valued at OMR 16 bn at year-end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The total value of re-exported goods from Saudi Arabia increased 42.3% y-o-y to SAR 90 <\/strong><strong>bn in 2024<\/strong>, with smartphones accounting for 27.5% of re-exported goods, according to Gastat data seen by <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2025\/03\/16\/article_2758562.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a>. Ships (13.4%), lightships (12.1%), cars (4.3%), and tugboats (3.9%) followed.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>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, security, customs, cargo operations, and sustainability for over 1.4k industry leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/gulfnavs-shareholders-approve-aed-3-29-bn-acquisition-of-brooge-energy-assets\/\">\r\n                            GulfNav\u2019s shareholders approve AED 3.29 bn acquisition of Brooge Energy assets                        <\/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\/17\/gulfnavs-shareholders-approve-aed-3-29-bn-acquisition-of-brooge-energy-assets\/\" target=\"_blank\">\n                    Open 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    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1296.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85160\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/gulfnavs-shareholders-approve-aed-3-29-bn-acquisition-of-brooge-energy-assets\/1296-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1296.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1296.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1296.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1296.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85159\" class=\"content-area-description single-story post-85159 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-gulfnav tag-ma-watch tag-shipping-maritime 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\/.c0f7444b-7772-4465-a683-2a61b8e92087.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>DFM-listed Gulf Navigation Holding\u2019s<\/strong><strong> shareholders approved the firm\u2019s AED 3.29 bn <\/strong><strong>acquisition of three of Nasdaq-listed Brooge Energy subsidiaries<\/strong>, after reviewing two <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/c24541ff-55f7-41af-8fdc-2c8d0a34a2ab\" style=\"\" rel=\"noopener\">separate valuation<\/a> reports last week, according to a <a target=\"_blank\" href=\"https:\/\/www.gulfnav.com\/Article\/10299\/GULFNAV-Shareholders-Approve-Strategic-Acquisition-of-Brooge-Energy-Limited%E2%80%99s-Assets-and-Companies-for-AED-32-Billion\" style=\"\" rel=\"noopener\">press release<\/a> published on Friday. GulfNav\u2019s board <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/0d34e1c5-1f18-414a-920f-d6a25ee240d1\" style=\"\" rel=\"noopener\">greenlit the acquisition<\/a> of Brooge Petroleum and Gas Investment Company from Brooge Energy last September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we k<\/strong><strong>n<\/strong><strong>ow:<\/strong> The acquisition will be settled through a mix of funds, new shares and mandatory convertible bonds (MCBs), resulting in a 220% capital hike, GulfNav CEO Ahmed Kilani said in the press release. The transaction includes an AED 460 mn payment, and GulfNav plans to issue some 358.84 mn shares to Brooge at AED 1.25 apiece, along with AED 2.3 bn in MCBs at the same price with a one-year lock-up post conversion. That is in addition to AED 500 mn in MCBs to existing shareholders at AED 1.1 per share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>\u201cThe acquisition is expected to generate significant operational synergies, including cost savings from integrated logistics and increased storage capacity. Financially, the deal is projected to enhance GulfNav\u2019s revenue streams and improve EBITDA margins over the next few years,\u201d Kilani added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The acquisition is expected to be completed in 2Q 2025, subject to regulatory approvals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Patchy financials:<\/strong> Brooge Energy incurred net losses of <a target=\"_blank\" href=\"https:\/\/www.tipranks.com\/news\/company-announcements\/brooge-energy-reports-financial-decline-in-first-half-of-2024\" style=\"\" rel=\"noopener\">USD 3.5 mn<\/a> in 1H 2024, down from profits of USD 37.4 mn the previous year. Meanwhile, GulfNav posted an 11.2% y-o-y decline in net income to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d8c00839-94ad-4306-9446-44778a3e650d\/\" style=\"\" rel=\"noopener\">AED 24.7 mn<\/a> in 1H 2024. <\/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\/gulfnav\/\">Gulfnav<\/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\/shipping-maritime\/\">SHIPPING + MARITIME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85161 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=\"85161\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/85161\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85161\" class=\"content-area-description single-story post-85161 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=\"85162\" 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=\"85162\">\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\/17\/egypt-moves-forward-with-adabiya-port-expansion-project\/\">\r\n                            Egypt moves forward with Adabiya Port expansion project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/egypt-moves-forward-with-adabiya-port-expansion-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The tender comes as part of a plan to turn the port into a services hub for chemicals and pharma industries, alongside the steel sector, the source told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first deck of cards: <\/strong>SCZone has reportedly laid the groundwork for the EGP 5 bn (c. USD 98.9 mn) first phase of Adabiya Port\u2019s upgrade project, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9-%d8%aa%d8%a8%d8%af%d8%a3-%d8%aa%d8%b4%d9%8a%d9%8a%d8%af-%d8%a3%d8%b1%d8%b5%d9%81%d8%a9\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reported earlier last week, citing sources familiar with the matter. The first phase will aim to upgrade 1.2k meters of berths in a bid to enable it to handle bulk vessels with a capacity of 150k tons, a length of 300 meters, and a draft of 17 meters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Six other areas of development are in the pipeline, including: <\/strong><\/p>\n<ul>\n<li><strong>A dry bulk terminal<\/strong> \u2014 to be commissioned by Adabiya Marine Management Company \u2014 will feature a total quay length of 770 meters and a water depth of 14 meters. It will have an annual cargo throughput of 3.5 mn tons and a terminal area of nearly 168k sqm;<\/li>\n<li><strong>A second dry bulk terminal,<\/strong> with a 560-meter quay wall, 14-meter water depth, and a 5.5 mn tons annual handling capacity;<\/li>\n<li><strong>A q<\/strong><strong>uay<\/strong><strong> and berth rehabilitation project, <\/strong>which consists of rehabilitation for quaysides for berths two to eight, and the edges of berths two, three, four, and five;<\/li>\n<li><strong>A logistics and storage area of 160.7k sqm,<\/strong> to be developed by the Adabiya Marine Management Company through a build-operate-transfer (BOT) partnership;<\/li>\n<li><strong>A service vessel and small vessel berth,<\/strong> with a total length of 300 meters and a water depth of 7 meters, and a 45k sqm adjacent yard; <\/li>\n<li><strong>A multipurpose terminal,<\/strong> with a 500-meter quay wall and a 14-meter water depth.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where we left things: <\/strong>Suez Steel inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/23f272ad-f46c-46b4-b109-d76fad02e03e\" style=\"\" rel=\"noopener\">USD 120 mn preliminary agreement<\/a> back in December to operate and maintain two berths \u2014 numbered 4 and 5. The company will also operate a storage and circulation yard dedicated to iron and steel dry cast products. The firm will also operate a storage and circulation yard for iron and steel dry cast goods. The SCZone has dedicated some 30k sqm at the port to the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Adabiya Port: <\/strong>Located at the northern portion of the Suez Gulf, the port boasts eight berths at a length of 1.5k and depths ranging between 9 and 14 meters. The port has an annual handling capacity of 1 mn tons for liquid bulk and 6 mn tons for dry bulk, according to SCZone <a target=\"_blank\" href=\"https:\/\/sczone.eg\/ar\/%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9\/%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%A7%D9%84%D8%A3%D8%AF%D8%A8%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"85164\" 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=\"85164\">\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\">Aviation<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/\">\r\n                            DAE acquires 17 next-generation aircraft for USD 1 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=DAE acquires 17 next-generation aircraft for USD 1 bn&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/&title=DAE acquires 17 next-generation aircraft for USD 1 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=DAE+acquires+17+next-generation+aircraft+for+USD+1+bn+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F17%2Fdae-acquires-17-next-generation-aircraft-for-usd-1-bn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/74.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85165\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dae-acquires-17-next-generation-aircraft-for-usd-1-bn\/74-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/74.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"74.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/74.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/74.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85164\" class=\"content-area-description single-story post-85164 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-dubai-aerospace-enterprise 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\/.6ba3a7cd-0fbd-492c-97a2-172439119554.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>UAE\u2019s aircraft-leasing company Dubai <\/strong><strong>Aerospace Enterprise (DAE) has acquired 17 used aircraft for USD 1 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/2025\/03\/14\/dae-signs-definitive-agreements-to-acquire-17-aircraft\/\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. The new aircraft are currently on lease to 11 airlines across 10 countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In numbers:<\/strong> The new uptakes are all next-generation aircraft \u2014 80% of which are manufactured by Airbus and the remaining 20% by Boeing. The new uptakes are forecasted to cut down DAE\u2019s weighted average fleet age to 6.9 years, and boost its fleet lease term remaining to 6.6 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The context:<\/strong> The firm continues to source assets in the secondary market, in an effort to meet its growth targets amid ongoing orderbook delivery delays from both Airbus and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4cf3cb64-f433-4137-92f8-18e517c0d94f\/today:-dae-mulls-selling-its-stake-in-joramco-%2B-ksa%25e2%2580%2599s-red-sea-gateway-terminal-lands-in-djibouti\" style=\"\" rel=\"noopener\">Boeing<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flip side:<\/strong> DAE is also trying to take advantage of the hot demand for jet maintenance providers as delays in new jet deliveries and global aircraft shortage push airlines to extend the life of older planes. Last summer, DAE indicated that its MRO services arm Joramco were <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\">fully booked<\/a> for 18 months in advance \u2014 citing a surging demand for MRO services amid aircraft delivery delays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Retrofits and leases are on the rise: <\/strong>Regional players are increasingly resorting to leases and retrofits amid delivery delays in the plane-making industry. UAE\u2019s Emirates Airways is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/29626087-1400-4153-860d-18a60e0aba69\/emirates-is-investing-some-usd-5-bn-to-upgrade-its-fleet-amid-delivery%253cmark%253e-delays%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">investing nearly USD 5 bn<\/a> in cash to upgrade its existing aircraft \u2014 including Airbus A380 jumbo and Boeing\u2019s 777 \u2014 in a bid to hedge against deliveries of backlogged orders. Etihad Airways also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8b72e98-3f34-4884-9c71-1b9e99abed87\" style=\"\" rel=\"noopener\">plans on retrofitting<\/a> the older Boeing wide-bodies starting 2026. <\/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\/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=\"85166\" 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=\"85166\">\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\">A MESSAGE FROM TRANSMAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/how-ai-is-transforming-shipping\/\">\r\n                            How AI is transforming shipping                        <\/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\/17\/how-ai-is-transforming-shipping\/\" 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\/17\/how-ai-is-transforming-shipping\/')\">\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\/17\/how-ai-is-transforming-shipping\/\">\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=How AI is transforming shipping&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/how-ai-is-transforming-shipping\/\">\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\/17\/how-ai-is-transforming-shipping\/&title=How AI is transforming shipping\">\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=How+AI+is+transforming+shipping+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F17%2Fhow-ai-is-transforming-shipping%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\/17\/how-ai-is-transforming-shipping\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1241.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85167\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/how-ai-is-transforming-shipping\/1241-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1241.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1241.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1241.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1241.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85166\" class=\"content-area-description single-story post-85166 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-transmar tag-a-message-from-transmar tag-egypt tag-transmar 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\/.fd09a48c-c579-41d8-ae61-303c7f013620.mp3\"><\/audio><\/figure>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:8pt;line-height:1.1583333333333334;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>Artificial intelligence is <\/strong><strong>revolutionizing the shipping industry<\/strong>, driving efficiency, enhancing safety, and advancing sustainability in an increasingly competitive global market.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:8pt;line-height:1.1583333333333334;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>The maritime sector generates vast amounts of data. <\/strong>Vessel sensors, satellite tracking, and operational reports provide a constant stream of information. AI-powered analytics process this data to predict maintenance needs, improve fuel efficiency, and anticipate market trends. Route optimization, for example, leverages real-time weather data and vessel performance metrics to cut fuel consumption, lower emissions, and reduce costs.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:8pt;line-height:1.1583333333333334;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>AI is making shipping safer.<\/strong> By analyzing real-time data from onboard sensors and cameras, intelligent systems can detect potential hazards, monitor vessel behavior, and assist in collision avoidance\u2014helping crews make faster, more informed decisions.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:8pt;line-height:1.1583333333333334;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>Sustainability is another area where AI is a game changer. <\/strong>Smart systems optimize vessel speeds, refine cargo loading, and recommend alternative energy sources such as wind and solar. AI-driven predictive maintenance extends equipment lifespan, reducing waste and improving resource efficiency.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:8pt;line-height:1.1583333333333334;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>AI is also tackling logistics challenges. <\/strong>It enhances demand forecasting, streamlines inventory management, and helps mitigate port congestion. By minimizing delays and optimizing fleet performance, AI is making shipping operations more reliable and cost-effective.<\/p>\n<p style=\"padding-top:0pt;margin:0;padding-left:0;padding-bottom:8pt;line-height:1.1583333333333334;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>Yet, AI isn\u2019t replacing human expertise; it\u2019s augmenting it.<\/strong> By equipping maritime professionals with deeper insights and automation tools, AI is helping the industry navigate increasing complexity. <\/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\/a-message-from-transmar\/\">A MESSAGE FROM TRANSMAR<\/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\/transmar\/\">Transmar<\/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=\"85168 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=\"85168\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/85168\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85168\" class=\"content-area-description single-story post-85168 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=\"85169\" 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=\"85169\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/\">\r\n                            Qatar to throw gas lifeline to Syria via Jordan with US backing                        <\/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\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/\" 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\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/')\">\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\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/\">\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=Qatar to throw gas lifeline to Syria via Jordan with US backing&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/\">\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\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/&title=Qatar to throw gas lifeline to Syria via Jordan with US backing\">\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=Qatar+to+throw+gas+lifeline+to+Syria+via+Jordan+with+US+backing+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F17%2Fqatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing%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\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1294.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85170\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/qatar-to-throw-gas-lifeline-to-syria-via-jordan-with-us-backing\/1294-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1294.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1294.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1294.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1294.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85169\" class=\"content-area-description single-story post-85169 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-jordan tag-lng tag-qatar tag-syria tag-trade tag-usa 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\/.52207f07-f8fb-491e-863e-a0983c596ae0.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar announced a plan to supply Syria with two mn cubic meters of natural gas <\/strong><strong>per day in a bid to bolster Syria\u2019s dwindling power capacity<\/strong>, Syrian state news agency SANA <a target=\"_blank\" href=\"https:\/\/www.sana.sy\/en\/?p=349606\" style=\"\" rel=\"noopener\">reported<\/a> on Friday. The plan would boost Syria\u2019s power output by 400 MW and extend the daily energy supply from two to four hours, with plans to gradually ramp up the supply to partially cover the nation\u2019s <a target=\"_blank\" href=\"https:\/\/www.sana.sy\/en\/?p=349606\" style=\"\" rel=\"noopener\">6.5 GW power needs.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Finances and logistics: <\/strong>Jordan is slated to receive the gas at the Port of Aqaba and pump the fuel via the Arab Gas Pipeline \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e53055d3-c1f1-4a58-b5cc-0bf5fc3bffdc\/kuwait-international-airport-is-upgrading-its-navigation-systems-%2B-egypt,-jordan-strengthen-natgas-cooperation.-plus:-news-from-gulf-marine-services,-egyptair,-g42,-yemen,-zakher-marine-and-sadafco\" style=\"\" rel=\"noopener\">which<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e53055d3-c1f1-4a58-b5cc-0bf5fc3bffdc\/kuwait-international-airport-is-upgrading-its-navigation-systems-%2B-egypt,-jordan-strengthen-natgas-cooperation.-plus:-news-from-gulf-marine-services,-egyptair,-g42,-yemen,-zakher-marine-and-sadafco\" style=\"\" rel=\"noopener\">connects Egypt, Jordan, Syria, and Lebanon<\/a> \u2014 conveying it to the Deir Ali power plant in southern Syria, Reuters reported. The plan is \u201cfully funded\u201d by the Qatar Fund for Development, which will also pay Jordan for the costs of transporting the gas through the pipeline in line with an agreement signed with Jordan's Energy Ministry and in partnership with the United Nations Development Program, <a target=\"_blank\" href=\"https:\/\/qna.org.qa\/ar-QA\/news\/news-details?id=%D8%AF%D9%88%D9%84%D8%A9-%D9%82%D8%B7%D8%B1-%D8%AA%D8%A8%D8%AF%D8%A7-%D8%AA%D8%B2%D9%88%D9%8A%D8%AF-%D8%B3%D9%88%D8%B1%D9%8A%D8%A7-%D8%A8%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%B9%D9%8A&date=13\/03\/2025\" style=\"\" rel=\"noopener\">QNA<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jordan may follow suit with electricity imports, <\/strong>with plans to provide up to 250 MW of electricity during non-peak hours, Reuters reported, citing unnamed sources familiar with the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Washington-backed:<\/strong> The US has reportedly greenlit the moves for both Qatar and Jordan, Reuters reported. The US-backing is in line with its decision to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d46182ef-fddf-471d-89f9-08f5c0078e47\/today:-damac-plans-usd-20-bn-data-center-expansion-in-the-us\" style=\"\" rel=\"noopener\">temporarily relax sanctions<\/a> on Syria in January, allowing transactions with government institutions, the oil sector, and personal transfers in Syria for six months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Syria\u2019s infrastructure is under duress:<\/strong> The Syrian national grid has suffered damage such that it only supplies electricity for two or three hours per day in most areas, Reuters reported. Furthermore, the country still needs a lot of investments to rehabilitate its grid and power plants before they can accommodate the needed hike in energy imports, Reuters reported. The situation is critical, especially after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5eaf11fc-c145-419c-b9dc-e4b080434832\/today:-morocco-seeks-usd-8.8-bn-for-rail-expansion-%2B-egypt-to-lease-lng-regasification-unit\" style=\"\" rel=\"noopener\">the newly-ascendant administration<\/a> severed ties with Iran \u2014 Syria\u2019s former ally and oil supplier \u2014 following President Bashar Al Assad\u2019s ouster. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- KSA + Qatar are urging economic revival: <\/strong>Qatar and Syria <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd64fdb8-411a-4217-929b-a10adaa727f7\/updates-on-aviation,-rail,-and-storage-from-qatar,-algeria-and-the-uae\" style=\"\" rel=\"noopener\">inked an MoU<\/a> to enhance bilateral cooperation in the civil aviation sector one month after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5ade8039-bec8-49bb-aeda-60dc37fe404e\" style=\"\" rel=\"noopener\">Qatar Airways resumed services<\/a> to Damascus back in January. Meanwhile, Saudi-based Al Jouf Cement Company and Mohammed Shahi Al Ruwaili Contracting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7247965a-796a-4858-aca7-8132fe0f416a\/ksa%25e2%2580%2599s-al-jouf-cement-company-inks-sar-38-mn-contract-to-export-to-syria\" style=\"\" rel=\"noopener\">inked<\/a> a SAR 38 mn contract to export cement and clinker goods to Syria. Riyadh urged Western nations to scale down sanctions and allow Syria to begin reconstruction efforts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Jordan, too: <\/strong>The Syrian-Jordanian Freezone <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a182bac3-d40d-451a-8ef7-a4044841d76c\/zones-and-startups-updates-from-jordan,-syria-and-egypt\" style=\"\" rel=\"noopener\">restarted<\/a> operations earlier this year following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b471296a-1b25-4826-b363-8c573f5e0cf0\/investment,-shipping,-and-trade-updates-from-oman-and-the-uae\" style=\"\" rel=\"noopener\">resumption<\/a> of agricultural trade between both nations. Late last year, Jordanian trucks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fa212a7f-c210-4881-b23c-37d5cc08d5a4\/today:-ad-ports-taps-hassan-allam-for-safaga-port-project-%2B-dp-world-kicks-off-maritime-works-in-senegal\" style=\"\" rel=\"noopener\">began reentering<\/a> Syria via the Jaber-Nassib border crossing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ongoing logistics efforts to restart the economy: <\/strong>Syria\u2019s Transport Minister said that USD 100-200 mn is needed to prop up the country\u2019s current state of transport and logistics operations. The administration plans to develop train tracks with initial speeds of 120 km\/hour, new ports with a depth of 17 meters, and is reportedly working on a freezone for used cars at the port of Latakia with a capacity for 5k cars.<\/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\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/syria\/\">Syria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/usa\/\">USA<\/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=\"85171\" 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=\"85171\">\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\">M&amp;A Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/\">\r\n                            TC Mena makes exportation push with takeover bid of Gulf Cement                        <\/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\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/\" 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\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/')\">\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\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/\">\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=TC Mena makes exportation push with takeover bid of Gulf Cement&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/\">\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\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/&title=TC Mena makes exportation push with takeover bid of Gulf Cement\">\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=TC+Mena+makes+exportation+push+with+takeover+bid+of+Gulf+Cement+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F17%2Ftc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement%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\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1524.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85172\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/tc-mena-makes-exportation-push-with-takeover-bid-of-gulf-cement\/1524-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1524.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1524.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1524.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1524.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85171\" class=\"content-area-description single-story post-85171 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-gcc tag-ma-watch tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.5e12adf2-cd13-401e-b80f-d456759b9bee.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TC <\/strong><strong>Mena <\/strong><strong>eyes a full takeover of ADX-listed Gulf Cement: <\/strong>TC Mena Holdings \u2014 a subsidiary of Italy\u2019s <a target=\"_blank\" href=\"https:\/\/www.buzzi.com\/\" style=\"\" rel=\"noopener\">Buzzi Unicem<\/a> and the largest shareholder in <a target=\"_blank\" href=\"https:\/\/gulfcement.ae\/en\/\" style=\"\" rel=\"noopener\">Gulf Cement<\/a> Company (GCC) \u2014 launched a mandatory tender offer to acquire the remaining 62.4% stake in ADX-listed GCC, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1080.pdf\" style=\"\" rel=\"noopener\">an official bid document (pdf)<\/a> released on Thursday. TC is seeking to secure a controlling stake at a minimum of 50% plus one share. TC will tap its own reserves to finance the acquisition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is this important?<\/strong> The transaction would allow TC to gain full control over one of the UAE\u2019s largest cement producers and exporters. The Ras Al Khaimah-based company claims to be the largest cement producer in the UAE with an annual production capacity of 2.5 mn tons of cement and 1.3 mn tons of clinker \u2014 set to rise to 3.8 mn tons upon completion of its new plants. The cement producer also has a key export hub in Ras Al Khaimah near raw material sources and ports, and supplies to both local and international markets. The company netted some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0eee48b7-89e2-4100-bebf-2f65b08f3777\/more-earnings-roll-in%25e2%2580%25a6\" style=\"\" rel=\"noopener\">AED 41.5 mn<\/a> in losses last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transaction details:<\/strong> The bidder wants to buy the additional stake for a cash-consideration of AED 143.5 mn at AED 0.56 apiece \u2014 a slim premium to its closing share price of AED 0.55 on Wednesday. The offer values the company at AED 229.9 mn, according to our calculations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>This potential transaction checks all the boxes to qualify for what\u2019s called a \u201cdistressed asset acquisition,\u201d with the buyer taking advantage of the company\u2019s weak financial position and cheap share price with the goal of turning it around to become profitable and create higher value for shareholders. TC is \u201cpursuing this acquisition to enhance GCC\u2019s operational efficiency, reinforce its market position, and drive long-term value creation for all stakeholders,\u201d it said in the offer document. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Shareholders have until Friday, 11 April to accept the offer, which is also pending regulatory approvals from the Securities and Commodities Authority (SCA) and the ADX. Should the transaction go through, Gulf Cement would continue to operate independently and retain its trade name post-acquisition, with no major changes in the cards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD is quarterbacking the transaction as financial advisor, lead manager and receiving agent with Ibrahim N Partners providing legal counsel. <\/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\/gcc\/\">GCC<\/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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85173\" 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=\"85173\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Projects<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/\">\r\n                            Oman inks roads, ports, and maritime service agreements                        <\/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\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/\" 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\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/')\">\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\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/\">\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=Oman inks roads, ports, and maritime service agreements&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/\">\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\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/&title=Oman inks roads, ports, and maritime service agreements\">\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=Oman+inks+roads%2C+ports%2C+and+maritime+service+agreements+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F17%2Foman-inks-roads-ports-and-maritime-service-agreements%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\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1289.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85174\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/oman-inks-roads-ports-and-maritime-service-agreements\/1289-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1289.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1289.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1289.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1289.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85173\" class=\"content-area-description single-story post-85173 post type-post status-publish format-standard has-post-thumbnail hentry category-projects tag-oman tag-ports tag-projects tag-roads 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\/.91ff653a-6ea2-4a91-b894-6071e8cd63dd.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>O<\/strong><strong>man <\/strong><strong>inks <\/strong><strong>three <\/strong><strong>tran<\/strong><strong>sport and maritime developments agreements: <\/strong>Oman\u2019s Transport, Communications, and Information Technology Ministry (MTCIT) has inked three agreements to improve road infrastructure, develop its ports, and enhance maritime services, according to a <a target=\"_blank\" href=\"https:\/\/www.mtcit.gov.om\/ITAPortal\/MediaCenter\/NewsDetail.aspx?NID=171377\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Roads and more: <\/strong>The MTCIT inked an agreement with construction firm <a target=\"_blank\" href=\"https:\/\/galfar.com\/oman\/galfar\/\" style=\"\" rel=\"noopener\">Galfar<\/a><a target=\"_blank\" href=\"https:\/\/galfar.com\/oman\/galfar\/\" style=\"\" rel=\"noopener\">Engineering and Contracting<\/a> for the dualization of the Izki-Nizwa carriageway project in Al Dakhiliyah Governorate. The project \u2014 covering 30 km \u2014 will include constructing service roads over 3.2 km on both sides of the carriageway, an additional 1.2 km dualized road to connect the project to the Sanaw Bridge on Thuwayni, a vehicle underpass, and another 0.9 km road leading to Jabal Al Akhdar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Ports for quarry products:<\/strong> The Ministry and Minji International Ports inked an agreement for the design, construction, management, and operation of a quarry products port in the Wilayat of Shaleem and Hallaniyat Islands. The project \u2014 to be implemented over 18 months \u2014 will provide a direct route to export Omani minerals and quarry products. The first phase includes outlining the financial requirements, followed by securing approvals from authorities before finalizing a long-term concession agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Maritime services at Sultan Qaboos Port: <\/strong>The Ministry has signed a framework investment agreement with Omani Integrated Logistic Services Company to operate, manage, and develop ship supply and crew change activities for two years, as well as to accelerate commercial operations at Port Sultan Qaboos, positioning it as a tourism hub over four phases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MTCIT\u2019s latest moves:<\/strong> Oman\u2019s Transport Ministry inked an agreement with the Oman Construction Company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/80eea1b1-5c68-49a5-8da8-97b38916705b\/oman-awards-raysut-mughsayl-road-dualization-project\" style=\"\" rel=\"noopener\">last month<\/a> for the dualization of the Raysut-Mughsayl Road with an OMR 35 mn (c. USD 90.9 mn) investment. MTCIT also wants to establish advanced green ship recycling and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d46182ef-fddf-471d-89f9-08f5c0078e47\/today:-damac-plans-usd-20-bn-data-center-expansion-in-the-us\" style=\"\" rel=\"noopener\">dismantling yards<\/a> to extract reusable parts and raw materials such as scrap metal. <\/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\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/ports\/\">PORTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/projects\/\">PROJECTS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/roads\/\">roads<\/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=\"85175 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=\"85175\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/85175\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85175\" class=\"content-area-description single-story post-85175 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=\"85176\" 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=\"85176\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Earnings Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/dp-world-sees-revenue-jump-net-income-dip-for-fy-2024\/\">\r\n                            DP World sees revenue jump, net income dip for 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\/17\/dp-world-sees-revenue-jump-net-income-dip-for-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(); 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The firm\u2019s revenues climbed 9.7% y-o-y during the same period to USD 20 bn <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers: <\/strong>The firm attributed the topline gains to new concessions and acquisitions as well as stronger performance from ports and terminals, whose revenue per TEU saw a 13.9% increase on a like-for-like basis largely due to growth in the Middle East and the Americas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A breakdown: <\/strong>The company\u2019s ports and terminals segment contributed the most to its top line, recording a 21% y-o-y boost in revenues to USD 7.7 bn. Overall capacity for the segment surpassed 100 mn TEUs, with nearly USD 2.2 bn poured into capital expenditure. Revenues from logistics parks and zones rose nearly 3.5% y-o-y over the same period to USD 8.2 bn, boosted by DP World expanding its freight network to more than 200 locations. Revenue from the marine services division climbed 4.3% y-o-y over the same period to around USD 4.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yearly highlights<\/strong><strong>:<\/strong> In July 2024, the port operator <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ecfeff18-8911-44dc-b0ec-08f64764dc1e\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-%2B-evyap-group-merge-to-manage-two-key-turkish-ports\" style=\"\" rel=\"noopener\">formed DP World Evyap<\/a> \u2014 a JV with Turkey\u2019s Evyap Group \u2014 for the management of two major ports in Turkey\u2019s Marmara region. The logistics division added two verticals under its purview in 2024, namely Chemicals as well as Retail via DP World\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b099fcca-7740-4873-955e-ec971d1cf762\/dp-world-acquires-hong-kong%25e2%2580%2599s-cargo-services-far-east\" style=\"\" rel=\"noopener\">acquisition<\/a> of Hong Kong-based logistics firm Cargo Services Far East in September. The division now covers eight verticals, covering 50% of global GDP, the company said. On the sustainability front, DP World <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/65262e7b-c566-4c14-94e1-7c76cf4e2b3a\/dp-world-issues-mena%25e2%2580%2599s-first-blue-bond\" style=\"\" rel=\"noopener\">issued MENA\u2019s first blue bond in December<\/a> \u2014 valued at USD 100 mn \u2014 to fund sustainable port development, expanding marine ecosystem conservation and restoration projects, and marine pollution initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The voyage ahead<\/strong><strong>: <\/strong>DP World intends to continue expanding its portfolio via targeted acquisitions as well as scouting out new markets, with a capital expenditure budget of USD 2.5 bn spread across the UAE, Saudi Arabia, the UK, India, and Senegal, the company said. It holds a positive medium-term outlook anchored by the sector\u2019s stable fundamentals.<\/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\">Alexandria Container and Cargo Handling-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alexandria Container and Cargo Handling saw its net income rise 55.9% y-o-y<\/strong> <strong>in 1H <\/strong><strong>2024-25 <\/strong><strong>to<\/strong><strong> EGP 3.4 bn<\/strong>, according to the company\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1224.pdf\" style=\"\" rel=\"noopener\">earnings (pdf)<\/a>. Revenues rose 55.3% y-o-y to EGP 3.9 bn during the same period.<\/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\/dp-world\/\">DP World<\/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\/shipping-maritime\/\">SHIPPING + MARITIME<\/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=\"85178\" 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=\"85178\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on Our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/updates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae\/\">\r\n                            Updates on investments, trade, digitalization, ports, and aviation from Egypt, Bahrain, and UAE                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/updates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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UAE&url=https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/updates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae\/\">\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\/17\/updates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae\/&title=Updates on investments, trade, digitalization, ports, and aviation from Egypt, Bahrain, and UAE\">\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+investments%2C+trade%2C+digitalization%2C+ports%2C+and+aviation+from+Egypt%2C+Bahrain%2C+and+UAE+https%3A%2F%2Fenterpriseam.com%2Flogistics%2F2025%2F03%2F17%2Fupdates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae%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\/17\/updates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1287.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"85179\" data-permalink=\"https:\/\/enterpriseam.com\/logistics\/2025\/03\/17\/updates-on-investments-trade-digitalization-ports-and-aviation-from-egypt-bahrain-and-uae\/1287-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1287.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1287.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1287.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1287.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85178\" class=\"content-area-description single-story post-85178 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ad-ports tag-also-on-our-radar tag-aviation tag-bahrain tag-china tag-digitilization tag-dnata tag-egypt tag-etihad-cargo tag-investment-watch tag-suez-canal-economic-zone tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.b1517ef5-e26f-457b-80d8-4962f8c5152a.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">INVESTMENT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Chinese clothing firm to set up shop in West Qantara<\/strong><strong>:<\/strong> Egypt\u2019s Suez Canal Zone (SCZone) has inked a contract with Chinese textile and clothing manufacturer Jiangsu Guotai to set up a USD 10 mn factory to produce ready-to-wear goods for export in West Qantara, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid02xQALiHVUcgBev7osFiS72KNi6Lyg43of848hyxMqNRVSrw7vSXQ7d8Ym3ZFwyCK7l\" style=\"\" rel=\"noopener\">statement<\/a> released on Sunday. The project \u2014 which will span nearly 21k sqm \u2014 will earmark 100% of its production of ready-made garments for export. The factory looks to provide some 2k direct jobs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sounds familiar? <\/strong>Two Chinese textile firms inked agreements for two projects in the West Qantara Industrial Zone with a total investment figure of USD 28 mn earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5a5746d7-50f8-4f61-b613-3c7a4cc72711\/updates-on-zones,-cargo,-shipping,-rail-and-trade-from-kuwait,-egypt,-uae,-and-iraq\" style=\"\" rel=\"noopener\">this month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Things are heating up in West Qanatara: <\/strong>Sczone has inked contracts for 15 projects so far in the zone, with investments totaling USD 490 mn, the statement adds. The projects \u2014 spanning an area of over 1.3 mn sqm \u2014 will on average export some 80% of what they produce and have created around 20k jobs. <\/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\">RAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Rowad Modern Engineering was awarded the contract to construct French rolling <\/strong><strong>stock <\/strong><strong>company Alstom\u2019s EUR 80 mn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd881caa-9cea-4a63-b3cc-441df9fe1268\/updates-on-rail,-trade,-shipping-and-maritime-from-morocco-and-egypt\" style=\"\" rel=\"noopener\">railway manufacturing complex<\/a><\/strong> <strong> in Egypt<\/strong>, Managing Director of Alstom Egypt Ramy Salah Eldeen told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/03\/16\/1875620\" style=\"\" rel=\"noopener\">Al Borsa<\/a> on Sunday. Rowad already kicked off construction work of the Borg El Arab-based complext earlier this week and should wrap it up no longer than two years. <\/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\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Syrian <\/strong><strong>Aleppo <\/strong><strong>Air<\/strong><strong>port back in business:<\/strong> Syria\u2019s Aleppo International Airport will resume its operations and receive domestic and international flights starting tomorrow, <a target=\"_blank\" href=\"https:\/\/sana.sy\/en\/?p=349705\" style=\"\" rel=\"noopener\">SANA<\/a> reported on Saturday, citing the Syrian Civil Aviation Authority. The move comes after an almost three-month-long suspension of all flights due to the fall of Bashar Al Assad\u2019s regime in December 2024 and a shutdown a month prior after Syrian opposition groups took over the airport, <a target=\"_blank\" href=\"https:\/\/www.middleeastmonitor.com\/20250315-aleppo-international-airport-to-reopen-after-nearly-three-month-closure\/\" style=\"\" rel=\"noopener\">Middle East Monitor<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Dnata renews its Zurich airport ground handling license:<\/strong> UAE-based air services provider Dnata has snapped up a seven-year extension on its ground handling service operations at Switzerland\u2019s Zurich Airport (ZRH), according to a <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnata-secures-7-year-ground-handling-license-at-zuerich-airport\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. Financial details of the transaction were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking forward:<\/strong> Dnata looks to bolster <a target=\"_blank\" href=\"https:\/\/www.dnata.com\/media-centre\/dnata-to-boost-its-zuerich-cargo-capacity-by-over-50-with-new-airport-facility\/\" style=\"\" rel=\"noopener\">its cargo handling capacity<\/a> at the airport by over 50%. The firm inked a leasing agreement with ZRH authorities to operate a new 9.5k sqm advance warehouse facility, which is under development and slated to open in 2027.<\/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\">PORTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CMA CGM Iron lands at Khalifa Port:<\/strong> Abu Dhabi\u2019s khalif Port received its first dual-fuel methanol container vessel \u2014 CMA CGM Iron \u2013 at shipping giant CMA CGM\u2019s CMA Terminals, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2025\/03\/14\/the-cma-cgm-iron-the-first-dual-fuel-methanol-vessel-to-visit-abu-dhabi-at-khalifa-port\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. The vessel \u2014 built by Korea\u2019s Hyundai Samho Heavy Industries \u2014 boasts a 13k TEU capacity and can be powered by both conventional and alternative fuels, including bio-methanol and e-methanol. The ship is one of 12 new dual-fuel methanol vessels to be integrated into CMA CGM\u2019s fleet this year and 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>AD Ports and CMA CGM inaugurated CMA Terminals in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a6ab6ade-d9a1-49bd-97f4-29abd58904b8\" style=\"\" rel=\"noopener\">December 2024<\/a> under a JV which will see the AED 3.1 bn terminal managed by the pair \u2014 with CMA Terminals holding a 70% stake and AD Ports holding 30%. The facility will expand the port\u2019s total container capacity by 23% to reach nearly 10 mn twenty-foot equivalent units.<\/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>#1- South Korea backs Egypt\u2019s new digital import tracking system:<\/strong> The Korea International Cooperation Agency is backing the rollout of a digital oversight and tracking system for imported industrial and non-food consumer goods under a EGP 600 mn grant from the South Korean government, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0ULPL3WRirmxmHDsTGqfzP4giM77utrdBiUvg7BsPNTJpqa78CgwhTJLFDjHHLQBil&id=61562245173260\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. Launched with the General Organization for Export and Import Control, the project seeks to tighten import oversight and crackdown on substandard goods, with the Korean side supplying equipment, software, and digital infrastructure for the rollout. The system is set to run from June 2025 through 2029.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>E<\/strong><strong>xport <\/strong><strong>Bahrain <\/strong><strong>partners up with <\/strong><strong>Arab-Brazilian Chamber of Commerce<\/strong><strong>: <\/strong>Export Bahrain has inked an MoU with the Arab-Brazilian Chamber of Commerce (ABCC) to enhance bilateral trade relations and cooperation by helping Bahrain-based businesses access the Brazilian market, according to a <a target=\"_blank\" href=\"https:\/\/export.bh\/ar\/news-ar\/%d8%b5%d8%a7%d8%af%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%a8%d8%ad%d8%b1%d9%8a%d9%86-%d9%88%d8%ba%d8%b1%d9%81%d8%a9-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d8%b9%d8%b1%d8%a8%d9%8a%d8%a9\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Recent interest from the ABCC in the region:<\/strong> The ABCC sent seven Brazilian investors to conduct a feasibility study in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/64473fca-b867-4eac-abf1-29eab3c0d5ac\/egypt%25e2%2580%2599s-sczone-to-launch-new-digital-operations-platform\" style=\"\" rel=\"noopener\">October 2024<\/a> to explore establishing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/8b3038bf-1e72-4623-9af5-2338663c3c4a\/today:-sca-announces-transit-fee-rebates-for-some-vessels-%2B-an-end-to-the-armenia-azerbaijan-conflict%3F\" style=\"\" rel=\"noopener\">logistics center<\/a> for re-exporting goods in the Suez Canal Economic Zone, with plans to submit a proposal to the Suez Canal Authority once the study is wrapped. The zone would act as a hub to import corn, soybeans, sugar, and other products that would then be re-exported to other Arab and African nations. <\/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\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/digitilization\/\">DIGITILIZATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/dnata\/\">Dnata<\/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\/etihad-cargo\/\">Etihad Cargo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"85180\" 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=\"85180\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/17\/eu-to-loosen-gas-storage-rules-fearing-inflation-spike-another-us-tariff-looms\/\">\r\n                            EU to loosen gas storage rules fearing inflation spike + Another US tariff looms                        <\/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\/17\/eu-to-loosen-gas-storage-rules-fearing-inflation-spike-another-us-tariff-looms\/\" 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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A tentative plan circulating among member states proposed setting a range within which targets could be met somewhere between 1 October and 1 December, instead of fixing the deadline on 1 November. EU officials are set to hash out the draft proposal this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some context: <\/strong>Earlier this month, the European Commission <a target=\"_blank\" href=\"https:\/\/energy.ec.europa.eu\/news\/commission-proposes-2-year-extension-eu-gas-storage-regulation-2025-03-05_en\" style=\"\" rel=\"noopener\">motioned to maintain<\/a> the current gas storage framework for two more years \u2014 which stipulates that the bloc must fill 90% of the target by 1 November. The rules were implemented in 2022 to secure wintertime energy reserves following Russia\u2019s reduction of gas supplies. Several member states have highlighted that keeping the deadline fixed for buying up and storing immense amounts of gas has rendered the market vulnerable to price manipulation.<\/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>US <\/strong><strong>threatens to impos<\/strong><strong>e tariffs on European alcohol:<\/strong> US President Donald Trump has threatened to impose a 200% tariff on wine, cognac, and other alcohol imports from Europe, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/trump-threatens-200-wine-tariff-if-eu-does-not-remove-whiskey-tariff-2025-03-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Thursday. This came after the EU announced a plan to impose tariffs on American whiskey and other products in April as a reaction to Trump\u2019s 25% tariffs on steel and aluminum imports, which took effect last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/4cf3cb64-f433-4137-92f8-18e517c0d94f\/today:-dae-considers-selling-its-joramco-stake-%2B-saudi%25e2%2580%2599s-red-sea-gateway-terminal-lands-in-djibouti\" style=\"\" rel=\"noopener\">Wednesday<\/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\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/storage-warehouses\/\">STORAGE + WAREHOUSES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/logistics\/tag\/usa\/\">USA<\/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=\"85182\" 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\/17\/85182\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-85182\" class=\"content-area-description single-story post-85182 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>GulfNav approves valuation of Brooge Energy assets | Egypt\u2019s plans for Adabiya port | DAE\u2019s new USD 1 bn aircraft purchase<\/p>\n","protected":false},"featured_media":85155,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-85154","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f1126249-2526-4154-9632-bd748146f2fd","teaser":"GulfNav approves valuation of Brooge Energy assets | Egypt\u2019s plans for Adabiya port | DAE\u2019s new USD 1 bn aircraft purchase","photo_url":"https:\/\/ent.news\/2024\/1\/1247.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GulfNav shareholders approve AED 3.29 valuation for Brooge Energy assets - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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