{"id":71106,"date":"2023-05-30T00:00:00","date_gmt":"2023-05-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/30\/today-ukraine-could-impose-more-sanctions-on-iran-boeing-could-sell-usd-8-bn-in-jets-to-riyadh-air\/"},"modified":"2023-05-30T00:00:00","modified_gmt":"2023-05-30T00:00:00","slug":"today-ukraine-could-impose-more-sanctions-on-iran-boeing-could-sell-usd-8-bn-in-jets-to-riyadh-air","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/30\/today-ukraine-could-impose-more-sanctions-on-iran-boeing-could-sell-usd-8-bn-in-jets-to-riyadh-air\/","title":{"rendered":"TODAY: Ukraine could impose more sanctions on Iran + Boeing could sell USD 8 bn in jets to Riyadh Air"},"content":{"rendered":"

Good morning, friends. <\/span>It\u2019s a quiet day in the logistics world, with just a few updates on the<\/span> diplo and startup fronts \u2014 but we have a meaty story on Dubai\u2019s ambitious autonomous vehicles strategy to sink your teeth into this morning.<\/span><\/p>\n

THE BIG LOGISTICS STORIES- Israel and Morocco have inked three agreements in the<\/span> field of maritime shipping, road safety and transport.<\/span> Meanwhile, Emirati logistics startup Cargoz has raised an undisclosed bridge round to fuel its expansion to Riyadh.<\/span><\/p>\n

HAPPENING TODAY-<\/span><\/p>\n

<\/a> <\/span>More sanctions on Iran?<\/span> Ukrainian President Volodymyr Zelenskiy put forward a bill on <\/span>Sunday that would impose sanctions on Iran for 50 years in response to Tehran\u2019s alleged supply of weapons to Moscow, <\/span>Reuters<\/a><\/span> reports. If the bill is passed by Ukraine\u2019s parliament, it would stop Iranian goods transiting through Ukraine and its airspace as well as impose trade, financial, and technology sanctions against Iran and its citizens. Ukraine and its allies are alleging that Iran has been supplying Russia with arms, including hundreds of drones, since last year, allegations that Iran denies. <\/span><\/p>\n

Oman\u2019s Public Establishment for Industrial Estates (<\/span>Madayn<\/a><\/span>) has completed OMR 5 <\/span>mn of construction work on Nizwa Industrial City<\/span>, including the third and fourth phases, according to a <\/span>press release<\/a><\/span>. The project spans an estimated 4 mn sqm, including the construction of 6.3 km of internal roads, with 90 truck parking areas covering 13k sqm that will serve cargo owners and investors, according to the release. Nizwa Industrial City has tenants from manufacturing service and commercial sectors, with investments of over OMR 480 mn, according to the statement.<\/span><\/p>\n

What\u2019s next: <\/span>Madayn will launch a<\/span> tender for the consultancy services project for phase five, which covers an estimated area of 4 mn sqm, the press release said.<\/span><\/p>\n

<\/p>\n

\n

SCZone deputy works to drum up investments during roadshow in Sweden: <\/span>Ibrahim <\/span>Abdel Khalek, deputy chairman of the Suez Canal Economic Zone (SCZone), met with Swedish officials during his visit to Stockholm to discuss investments and <\/span>trade policies<\/span> in a bid to encourage Swedish companies to invest in Egypt, according to a <\/span>statement<\/a><\/span>. Abdel Khalek also met with representatives from <\/span>Business Sweden<\/a><\/span>, a firm that facilitates Swedish companies\u2019 expansion into international markets to discuss exploring potential investments in the pharma industry within the zone. <\/span><\/p>\n

<\/p>\n

\n

<\/a> <\/span>WATCH THIS SPACE #1- Boeing could be selling USD 8 bn worth of<\/span> jets to <\/span>Riyadh Air: <\/span>US-based planemaker <\/span>Boeing<\/a><\/span> is in talks to sell at least 150 737 Max aircraft to Saudi-based startup <\/span>Riyadh Air<\/a><\/span> for an estimated USD 8 bn, as the airline is on the hunt for 300-400 single-aisle jets<\/span>, <\/span>Bloomberg<\/a><\/span> reports. However, the discussions are \u201ccomplicated,\u201d with timing and structure remaining uncertain, while there\u2019s also a possibility of Airbus claiming a share of the order, sources told Bloomberg. If Boeing secures the sale, it would mark the second major purchase agreement for the company in Saudi, after it <\/span>p<\/a><\/span>reviously<\/a><\/span>promised 787 dreamliners to Riyadh Air and national carrier <\/span>Saudia<\/a><\/span>. <\/span><\/p>\n

<\/a> <\/span>WATCH THIS SPACE #2- Hungary\u2019s Prime Minister Viktor Orban is seeking financial help from <\/span>Qatar in acquiring Budapest Airport<\/span> as part of a planned acquisition that has been delayed for two years due to Hungary\u2019s growing budget deficit, <\/span>Bloomberg<\/a><\/span>reports. Hungary\u2019s government has been seeking financing or partners to help it repurchase the airport from its current owners \u2014 a consortium led by <\/span>AviAlliance<\/a><\/span>, a Germany-based airport management company and the airport\u2019s largest shareholder. Hungary is currently in advanced discussions to reacquire the hub for EUR 4.44 bn, and is planning to finalize the agreement by year-end. Hungary would \u201cwelcome\u201d Qatari involvement, Orban told Bloomberg, adding that the transaction is \u201cnot just to buy out but to have a big scheme to develop it,\u201d he added.<\/span><\/p>\n

<\/a> <\/span>WATCH THIS SPACE #3-<\/span>Oman provides tax breaks for EVs:<\/span> Electric vehicles in Oman will be exempt from <\/span>value-added tax, customs tax, and registration fees nationwide starting 1 July, Oman News Agency (<\/span>ONA<\/a><\/span>) reported on Sunday. The exemption, which will also apply to EV spare parts, will remain in effect for three years and will be subject to renewal, according to ONA. The move is part of the sultanate\u2019s efforts to transition to zero-emission vehicles and encourage residents to purchase EVs. It also aims to encourage car suppliers to import a wide range of EVs to ensure diversity and stability in the market. <\/span><\/p>\n

<\/p>\n

\n

DATA POINT #1- Jordan\u2019s total exports, including re-exports, increased 6.3% y-o-y in 1Q 2023 to JOD 2.12 bn<\/span>, <\/span>according to figures from Jordan's Department of Statistics picked up by <\/span>Jordan News Agency<\/a><\/span> (Petra). Imports rose 5.6% y-o-y to JOD 4.51 bn, while national exports rose 8.8% to JOD 1.98 bn during the quarter, according to Petra. Total monthly exports during March, including re-exports, fell 15.6 % y-o-y to JOD 655.2 mn. <\/span><\/p>\n

DATA POINT #2- Qatar\u2019s trade surplus rose 3.5% m-o-m in April 2023 but declined 35.6% y-o-y during the month<\/span>, <\/span>according to the country\u2019s <\/span>Planning and Statistics Authority<\/a><\/span>. Qatar\u2019s total exports of goods stood at around QAR 30.7 bn in April, slipping 0.5% m-o-m and 29.4% <\/span>y-o-y<\/span>, while imports fell 9.3% m-o-m and 6.3% y-o-y to QAR 8.7 mn. <\/span><\/p>\n

MARKET WATCH-<\/span><\/p>\n

<\/a> <\/span>Saudi Arabia is cashing in on cheap Russian diesel by re-exporting<\/span> shipments to Singapore<\/span>, according to ship tracking data picked up by <\/span>Reuters<\/a><\/span>. Saudi Arabia has been exporting record volumes of Russian diesel \u2014 which has been diverted from its original routes on the back of sanctions due to the war in Ukraine \u2014 to Singapore. It is expected to import 500k more tons in May, and to export some 400k tons, which is an \u201cunprecedented level,\u201d Reuters quotes industry sources as saying.<\/span><\/p>\n

<\/p>\n

\n
\n
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CIRCLE YOUR CALENDAR-<\/span><\/p>\n

The <\/span>Made in Russia + Innoprom business mission<\/a><\/span> kicked off yesterday at the <\/span>Riyadh Chamber of Commerce in Riyadh and ends today.<\/span> This event brings together participants including the Russian industry and trade ministers, the Saudi industry and mineral resources minister, and representatives of business unions and councils, to enhance Russian-Arab cooperation, develop business ties and export sales channels, and improve international competitiveness of products.<\/span><\/p>\n

Check out our full calendar<\/span> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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