{"id":72355,"date":"2023-07-27T00:00:00","date_gmt":"2023-07-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/27\/today-russia-africa-economic-forum-kicks-off-today-kuwait-to-issue-tenders-for-mubarak-al-kabeer-port\/"},"modified":"2023-07-27T00:00:00","modified_gmt":"2023-07-27T00:00:00","slug":"today-russia-africa-economic-forum-kicks-off-today-kuwait-to-issue-tenders-for-mubarak-al-kabeer-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/27\/today-russia-africa-economic-forum-kicks-off-today-kuwait-to-issue-tenders-for-mubarak-al-kabeer-port\/","title":{"rendered":"TODAY: Russia-Africa economic forum kicks off today + Kuwait to issue tenders for Mubarak Al Kabeer Port"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good morning, friends. <\/span><span style=\"\">We have yet another <\/span><span style=\"\">zones<\/span><span style=\"\"> and legislation-heavy issue for you today,<\/span><span style=\"font-weight:400;\"> with news that Dubai is considering adopting common law across all its freezones. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Also driving the conversation this morning: <\/span><span>East Port Said port\u2019s new multipurpose terminal could become operational in October.<\/span><span style=\"font-weight:400;\">Meanwhile, Lloyds\u2019 List\u2019s ranking of the top 100 ports in 2023 featured 12 MENA ports.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">HAPPENING TODAY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"\"><a id=\"wwtt1\"><\/a><\/span><span style=\"font-weight:700\"> The <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/summitafrica.ru\/en\/\" style=\"\">Russia-Africa Summit and Economic and Humanitarian Forum<\/a><\/span><span style=\"font-weight:700\"> kicks off<\/span><span style=\"font-weight:700\"> in St. Petersburg, Russia today and will run through Friday.<\/span><span> The summit will include discussions about Moscow's grain and fertilizer exports, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/russia-africa-summit-discuss-moscows-grain-fertiliser-exports-ria-2023-07-25\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\"> reported earlier, citing statements from Oleg Ozerov, ambassador at large at the Russian Foreign Ministry. It will also build on discussions in the last iteration of the summit, which took place in Sochi in 2019, and will look to develop ties between Russia and partner countries in Africa. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI- <\/span><span>Russia recently <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/logistics.enterprise.news\/news\/story?storyId=\" style=\"\">withdrew from a UN-brokered Black Sea grain agreement<\/a><\/span><span style=\"font-weight:400;\"> that facilitated the safe export of Ukrainian grains, leading to calls from the UN for Russia to reconsider. The summit will explore the possibility of creating logistics corridors and hubs for various Russian products, including food and fertilizers, as Russia and the West vie for influence in Africa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt3\"><\/a> <\/span><span style=\"font-weight:700\">Italy\u2019s national carrier ITA Airways has launched its first flight to Libya in almost a decade<\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aviationweek.com\/air-transport\/airports-networks\/ita-airways-operates-first-italy-libya-flight-after-9-year-hiatus\" style=\"\">Aviation Week<\/a><\/span><span> reported. The trip between Rome\u2019s Fiumicino and Tripoli\u2019s Mitiga airports came less than three weeks after Italy <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/a38b10bb-65bb-4b48-ac2d-5def515fea7e\" style=\"\">lifted<\/a><\/span><span> a ban on Libyan commercial flights entering Italian airspace. The ban had been in place since December 2014 when all Libyan airlines were blocked from EU airspace due to safety concerns. ITA\u2019s inaugural trip should pave the way for regular routes beginning in the winter, according to Italian authorities cited by Aviation Week. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><a id=\"wwtt2\"><\/a> <\/span><span style=\"font-weight:700\">WATCH THIS SPACE- Kuwait plans to issue new tenders for the completion of <\/span><span style=\"font-weight:700\">Mubarak Al Kabeer Port<\/span><span>, a project that began two years ago as part of China's Belt and Road Initiative, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/kuwait-to-issue-tenders-for-mubarak-port-bykfszfm\" style=\"\">Zawya<\/a><\/span><span>reports. Most of the work on the port, located in Bubiyan Island, has been completed, and it is set to be partially operational by 1 October, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alqabas.com\/article\/5917202-3-%D8%B9%D9%82%D9%88%D8%AF-%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84%D9%8A%D8%A9-%D9%84%D9%84%D8%A7%D9%86%D8%AA%D9%87%D8%A7%D8%A1-%D9%85%D9%86-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D9%85%D8%A8%D8%A7%D8%B1%D9%83-%D8%A7%D9%84%D9%83%D8%A8%D9%8A%D8%B1\" style=\"\">Al Qabas<\/a><\/span><span style=\"font-weight:400;\"> reports. The upcoming tenders will cover various projects, including constructing main buildings, roads, a container yard, supplying and operating necessary equipment, and deepening the canal connecting the port with Khor Abdullah Port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DATA POINT #1- Egypt\u2019s current account deficit narrowed by 40% y-o-y to USD 3.5 <\/span><span style=\"font-weight:700\">bn in 3Q 2022-2023 on the back of falling imports<\/span><span>,<\/span><span>according to Enterprise calculations of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/1019.pdf\" style=\"\">Central Bank of Egypt figures (pdf)<\/a><\/span><span style=\"font-weight:400;\"> released this week. The deficit came in at USD 3.5 bn during the January-March quarter, down from USD 5.8 bn in the same period last year and compared to a USD 1.4 bn surplus in 2Q, the country\u2019s first since 2014. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The reasons: <\/span><span>A 25% <\/span><span>y-o-y<\/span><span> fall in imports to USD 17.5 bn during 3Q helped narrow the current account deficit, more than offsetting a 18% <\/span><span>y-o-y<\/span><span style=\"font-weight:400;\"> fall in exports, which came in at USD 9.6 bn. Accordingly the trade deficit narrowed more than 30% y-o-y to USD 8.1 bn. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DATA POINT #2- Alexandria Port has achieved its highest-ever handling rate for <\/span><span style=\"font-weight:700\">transit containers<\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/bit.ly\/3rQPy4n\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. 1H 2023 saw a 96% y-o-y boost in transit container handling at Alexandria and Dekheila ports compared to the same period last year. Closer coordination between authorities and local and international stakeholders, better coordination with Egypt\u2019s customs and storage companies, the rolling out of an electronic portal, and the introduction of fee reductions underpinned the spike in volumes, according to the statement. Absolute figures of the volumes were not disclosed in the statement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DATA POINT #3- Air cargo and mail handled by Qatari airports declined 0.9% <\/span><span style=\"font-weight:700\">y-o-y<\/span><span style=\"font-weight:700\">to 195.1k tons in June 2023<\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/CAAQATAR\/status\/1683767881346039808\" style=\"\">statement<\/a><\/span><span> released by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/CAAQATAR\" style=\"\">Qatar\u2019s Civil Aviation Authority<\/a><\/span><span>. Aircraft movements saw a 15.1% y-o-y increase to <\/span><span>20.9k<\/span><span> flights during the same period. The number of passengers also rose 20.3% <\/span><span>y-o-y<\/span><span style=\"font-weight:400;\"> to 3.7 mn in June.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/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 href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">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\"><span style=\"font-weight:700;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">CIRCLE YOUR CALENDARS-<\/span><span style=\"font-weight:400;\"> The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/span><span style=\"font-weight:400;\"> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Do you want to become a commercial partner?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa Taalab, our head of commercial<\/a><\/span><span>, or fill out <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">this form<\/a><\/span><span style=\"font-weight:400;\"> and we\u2019ll be in touch. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/span><span style=\"font-weight:700\">:<\/span><span> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,<\/span><span>which took place in May.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO LISTEN? Head to: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/how-to-become-part-of-a-multinationals-supply-chain\/id1617987136?i=1000622000939\" style=\"\">Apple Podcast<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/open.spotify.com\/episode\/57zbwQADGdOo5cMf37jSzM\" style=\"\">Spotify<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/MDUwOTc0ZGUtZGViOS00Zjc4LTliZGQtYjA0NzAxMGExMTUw?sa=X&ved=0CAUQkfYCahcKEwjA4YO_qKWAAxUAAAAAHQAAAAAQAQ\" style=\"\">Google Podcast<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/play.anghami.com\/episode\/1118757834\" style=\"\">Anghami<\/a><\/span><span style=\"font-weight:700\">. We\u2019re releasing a new episode every Sunday morning.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">IN THIS WEEK\u2019S EPISODE- <\/span><span>We ask some of the biggest multinationals and suppliers operating here \u2014 namely, in logistics, e-commerce, and FMCG  \u2014 what it is they\u2019re looking for in a local partner, product or service and what are some of the pain points they\u2019ve had to cope with. We were joined on that panel by <\/span><span style=\"font-weight:700\">Khaled Morsy<\/span><span>, CEO of DB Schenker Egypt,<\/span><span style=\"font-weight:700\"> Omar Elsahy<\/span><span>, General Manager at Amazon Egypt, <\/span><span style=\"font-weight:700\">Tarek Kamel<\/span><span style=\"font-weight:400;\">, Chairman and CEO of Nestl\u00e9 Egypt and Sudan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Kuwaiti Foreign Minister Sheikh Salem Al Sabah will visit Iraq by the end of the <\/span><span style=\"font-weight:700\">month<\/span><span>,<\/span><span>state-owned <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ina.iq\/eng\/27721-kuwaiti-foreign-minister-visits-iraq-at-the-end-of-this-month.html\" style=\"\">Iraqi News Agency<\/a><\/span><span style=\"font-weight:400;\"> reports, citing statements from the Kuwaiti ambassador to Iraq, Tariq Al Faraj. Al Faraj met with Iraqi President Abdul Latif Rashid yesterday to discuss ways to enhance bilateral cooperation and resolve outstanding issues.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The UAE\u2019s Finance Ministry is holding a digital public consultation on its website <\/span><span style=\"font-weight:700\">that began last Wednesday and runs until 2 August<\/span><span>,<\/span><span>as part of the UAE\u2019s corporate tax freezone regulations,<\/span><span>Emirati news agency <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wam.ae\/en\/details\/1395303178794\" style=\"\">WAM<\/a><\/span><span> reports.<\/span><span style=\"font-weight:400;\">The consultation aims to gather feedback from freezone-based companies, WAM added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Check out our full calendar<\/span><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":"<p>Good morning, friends. We have yet another zones and legislation-heavy issue for you today, with news that Dubai is considering adopting common law across all its freezones. Also driving the conversation this morning: East Port Said port\u2019s new multipurpose terminal could become operational in October.Meanwhile, Lloyds\u2019 List\u2019s ranking of the top 100 ports in 2023 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72356,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[145,49,17,160,314,153,32,16,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-egypt","tag-enterprise-logistics","tag-kuwait","tag-libya","tag-qatar","tag-trade","tag-what-were-tracking-today","tag-zones","wpautop","entry"],"acf":{"mongo_id":"a4cfc301-a289-47ab-8e14-fe1ea9f01550","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/7\/1107.JPG","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Russia-Africa economic forum kicks off today + Kuwait to issue tenders for Mubarak Al Kabeer Port","related_issue":[72353],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.dc1b3cd0-c1ec-45c5-a8a1-070443b86ebe.mp3"},"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>TODAY: Russia-Africa economic forum kicks off today + Kuwait to issue tenders for Mubarak Al Kabeer Port - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/07\/27\/today-russia-africa-economic-forum-kicks-off-today-kuwait-to-issue-tenders-for-mubarak-al-kabeer-port\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Russia-Africa economic forum kicks off today + Kuwait to issue tenders for Mubarak Al Kabeer Port\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. We have yet another zones and legislation-heavy issue for you today, with news that Dubai is considering adopting common law across all its freezones. 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