{"id":86852,"date":"2025-06-11T00:00:00","date_gmt":"2025-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/06\/11\/today-agility-secures-new-loan-dubais-largest-privately-owned-logistics-park\/"},"modified":"2025-06-11T00:00:00","modified_gmt":"2025-06-11T00:00:00","slug":"today-agility-secures-new-loan-dubais-largest-privately-owned-logistics-park","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/06\/11\/today-agility-secures-new-loan-dubais-largest-privately-owned-logistics-park\/","title":{"rendered":"TODAY: Agility secures new loan + Dubai\u2019s largest privately owned logistics park"},"content":{"rendered":"

Good morning, folks. <\/strong>It\u2019s a very brisk read today, with debt and logistics zone updates from UAE and Kuwaiti players. But first, some possibly good news for global trade and businesses\u2026<\/p>\n

<\/a>THE BIG LOGISTICS STORY- US, China negotiators reach agreement: <\/strong>The US and China negotiators reached a preliminary agreement to get their Geneva trade war truce back on track, following 20 hours of tense negotiations over the last two days in London. Although few details of the agreement have emerged, it is understood that the two world\u2019s two largest economies agreed to solve their differences over Chinese rare earth export restrictions and US tech export controls. The agreement now awaits the sign-off from Xi and Trump.<\/p>\n

REMEMBER- <\/strong>The two nations pointed fingers at each other<\/a> earlier this month for rollbacks on the Geneve trade truce that they agreed on in May, with the US claiming China has been restricting critical minerals and China crying foul over new US\u2019 controls on microchips exports. <\/p>\n

A return to the <\/strong>Geneva truce<\/a><\/strong> also<\/strong> means the world\u2019s largest economies have until August to figure out a trade pact, <\/strong>while keeping in place the agreed reduced tariffs schemes that see the US impose a 30% duty \u2014 instead of 145% \u2014 on Chinese goods, and China keeping its tariffs on US-sourced products at 10%, instead of 125%. <\/p>\n

This story grabbed a lot of ink in the int\u2019l press: <\/strong>Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | Wall Street Journal<\/a> | CNN<\/a> | CNBC<\/a> | BBC<\/a> | The Guardian<\/a> <\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a> #1-<\/strong>Jazeera <\/strong>Airways eyes ventures for global expansion:<\/strong> Kuwait\u2019s Jazeera Airways is mulling plans to acquire narrow-body jets \u2014 filling the void left by the recent departure of 14 European carriers from Kuwait International Airport, CEO Barathan Pasupathi told The National<\/a>. The carrier is also looking to partner with Kuwait Airways, which Pasupathi described as a \u201ctremendous\u201d avenue for expanding its point-to-point network. <\/p>\n

All eyes on fleet:<\/strong> The Kuwaiti airline is considering the A321 LR, A321 XLR, and Embraer's E2 jets for point-to-point routes with lower-density traffic. The carrier is in the midst of talks with lessors as part of efforts to push for European growth, having already launched a twice-weekly service to Budapest last week. The carrier\u2019s lengthy order book will already see it receive 26 aircraft<\/a> \u201418 A320neos and 8 A321neos \u2014 between 2026 and 2030.<\/p>\n

That\u2019s not all:<\/strong> Jazeera Airways is also set to expand Terminal 5 \u2014 its terminal in Kuwait International Airport \u2014 with plans to boost its capacity to 7.5 mn passengers, up from the current 5 mn passengers, in a bid to meet projected growth over the next two to three years. <\/p>\n

#2- <\/strong>Iraqi <\/strong>Airways completed its first trial landing at Iraq\u2019s Mosul International Airport<\/strong>, according to a statement<\/a> released last week. The airport, which was set to reopen on 10 June<\/a>, is pending final preparations to ensure operational readiness. Located in Nineveh Governorate near the Development Road Project, the airport will boast a 3k-meter runway and accommodate 35k sqm of air cargo with a corresponding station.<\/p>\n

REFRESHER-<\/strong> Iraq started reconstructing the airport back in 2022<\/a> \u2014 previously slated for completion by 2024 \u2014 after the airport was damaged in 2017. <\/p>\n

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DISRUPTION WATCH-<\/p>\n

<\/a><\/strong>I<\/strong>srael <\/strong>bombs Yemeni port, threatens blockade:<\/strong> Israeli navy missile ships launched two strikes targeting the docks of Yemen\u2019s Hodeidah port, alleging it is being used by the Houthis to transfer weapons and attack Israeli territory, according to a statement<\/a>. Israel threatened the Iran-backed group with a naval and air blockade if attacks continue \u2014 after it pushed for an evacuation of the Houthi-controlled ports of Ras Isa, Hodeidah, and Salif earlier this week, Reuters<\/a> reports, citing Houthi-run Al Masirah TV.<\/p>\n

Not a first:<\/strong> Israel launched airstrikes<\/a> on Yemen in May in retaliation against a Houthi missile attack on Tel Aviv\u2019s Ben-Gurion Airport. Israel struck Yemen\u2019s main seaport in Hodeidah, followed by another airstrike on the country\u2019s main international airport in Sana\u2019a. <\/p>\n

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MARKET WATCH- <\/p>\n

#1-<\/strong> Oil prices went down this morning despite hopes of softened US-China trade <\/strong>tensions as the market mulls the impact of a possible deal,<\/strong> Reuters<\/a> reports. Brent crude futures dipped by USD 0.19 to reach USD 66.68 a barrel, while the US West Texas Intermediate (WTI) decreased by USD 0.16 to USD 64.82 a barrel by 03.18 GMT.<\/p>\n

Opec\u2019<\/strong>s oil output rose by a modest 150k bpd in May to reach 26.75 mn bpd, but the <\/strong>increase was far below quota levels<\/strong>, according to a Reuters<\/a> survey. Saudi Arabia led with a 130k bpd hike but remained 100k bbl\/d below its target, while Iraq and the UAE underproduced to compensate for earlier overproduction. Although five members were expected to raise output by 310k bbl\/d, required compensation cuts<\/a> by Iraq, Kuwait, and the UAE brought the net increase to only 180k bbl\/d. The UAE\u2019s shortfall reflected its relatively low cut obligations, though the International Energy Agency reported higher production than official figures, Reuters added. <\/p>\n

Despite the upward revision in quotas, actual production increases have yet to materialize<\/strong>, Bloomberg<\/a> reported citing a note by Morgan Stanley. The bank pointed to the roughly 1 mn bpd increase in quotas between March and June and said \u201can actual increase in production is hard to detect, noting that KSA in particular does not appear to have ramped up production significantly,\u201d Bloomberg added, citing analyst Martijn Rats. <\/p>\n

Morgan Stanley still expects core Opec+ supply to grow by around 420k bbl\/d between June and September<\/strong>, with half the increase likely from Saudi Arabia. Non-Opec+ producers are also on track to add 1.1 mn bbl\/d this year \u2014 outpacing demand growth estimated at 800k bbl\/d and causing the bank to keep its surplus outlook. The result will be a softer oil market outlook after the summer period, Bloomberg added, citing the bank\u2019s analysts. <\/p>\n

#2- Baltic index snaps winning streak:<\/strong> The Baltic Exchange\u2019s dry bulk sea freight index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 fell 0.6%<\/a> to 1,680 points on Tuesday. The capesize index was down up 1.8% to f 2,956 points, while the panamax index inched up 2.9% to 1,300 points. The supramax index eased seven points to settle at 919. <\/p>\n

DATA POINTS- <\/p>\n

#1- Saudi Ports Authority\u2019s (Mawani) container volume rose 13% y-o-y in May 2025 to <\/strong>720.<\/strong>7k<\/strong> TEUs<\/strong>, up from 639.7k in May 2024, with transshipments rising 12.9% y-o-y to 149.1k TEUs, it said in a statement<\/a> last Saturday. Imports outpaced exports, growing 15.8% y-o-y to 292.2k TEUs, while the latter grew 9.4% y-o-y to 279.3k TEUs.<\/p>\n

Total cargo mass rose 1.4% y-o-y to 21.3 mn tons<\/strong>, comprising 935.9k tons of general cargo, 5.1 mn tons of solid bulk, and 15.3 mn tons of liquid bulk. The ports also received some 1.6 mn heads of cattle, up 61.2% y-o-y.<\/p>\n

Maritime traffic was up 9.4% y-o-y to 1.1k ships<\/strong>, with the number of passengers rising 68.2% y-o-y to 95.2k, while the number of vehicles rose 13.1% to 84.4k.<\/p>\n

#2- <\/strong>Iraq <\/strong>exported 2.8 mn tons of petroleum products in 1Q 2025<\/strong>, with fuel oil soaking up most of the exports, Shafaq News<\/a> reports, citing the country\u2019s federal marketing company SOMO. Fuel oil exports fell by 39.8% q-o-q \u2014 based on our calculation \u2014 to 2.5 mn tons in 1Q 2025, while naphtha exports reached 242k tons and jet fuel recorded 13k tons of exports during the same time period.<\/p>\n

#3- <\/strong>Global <\/strong>air cargo tonnage <\/strong>inched up<\/strong> by 4% m-o-m in May 2025 following a 7% drop in April<\/strong>, according to recent WorldACD Market data<\/a>. The increase \u2014 which makes May a \u201chighly volatile month for air cargo\u201d \u2014 comes on the back of the US bringing down the \u2018de minimis\u2019 tariff<\/a> on Chinese packages valued at up to USD 800, which ultimately led to a drop in late April that continued until the first half of May. The 90-day pause<\/a> of the Sino-US trade war has slashed US tariffs on Chinese goods from 145% to 30% and Chinese tariffs on US imports to 10%, causing the rebound in the second half of May.<\/p>\n

On a yearly basis:<\/strong> Global air cargo tonnage also increased 4% y-o-y in May 2025, but traffic from the Middle East and South Asia (MESA) remained unchanged compared to the same month in 2024, according to the data. <\/p>\n

ALSO- <\/strong>The average pricing rates in May dropped by 4% m-o-m and by 3% y-o-y in May 2025, based on a full market average of spot and contact rates. MESA experienced the biggest drop in rates by 14% y-o-y. <\/p>\n

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***<\/strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/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

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

France will host the <\/strong>International Paris Air Show<\/a><\/strong> from Monday, 16 June to Sunday, 22 June <\/strong>in Paris. The event will host 300k visitors to view some 2.5k exhibitors from 48 countries, 300 start-ups and 150 air carriers on display \u2013 all showcasing cutting-edge tech in the aviation field.<\/p>\n

Turkey will host the <\/strong>Eurasia Rail<\/a><\/strong> from Wednesday, 18 June to Thursday, 19 June<\/strong> in Istanbul. The event will host 7.7k visitors interested in Turkey\u2019s railway sector or are railway technology buyers, and will feature engineering, products and services from both private and public sectors.<\/p>\n

Greece will host the <\/strong>East Med Maritime Conference<\/a><\/strong> on Thursday, 19 June<\/strong> in Athens. The event will showcase new developments and tech in the shipping, logistics and offshore field \u2013 hosting an array of key leaders, exports, port operators and shippers in the maritime industry. <\/p>\n

The UAE will host <\/strong>Middle East Rail<\/a><\/strong> from Tuesday, 24 June to Thursday, 25 June<\/strong> in Dubai. The conference at Dubai World Trade Center will host over 250 speakers and a multi-brand exhibition for transport solutions. <\/p>\n

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","protected":false},"excerpt":{"rendered":"

What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":86853,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[145,126,35,714,39,160,37,32,16,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-disruption-watch","tag-iraq","tag-jazeera-airways","tag-jordan","tag-kuwait","tag-ports","tag-trade","tag-what-were-tracking-today","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"a1ace019-801b-4c05-ae41-2e09db846e37","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/6\/535.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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