{"id":96618,"date":"2026-06-08T00:00:00","date_gmt":"2026-06-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=96618"},"modified":"2026-06-08T05:37:46","modified_gmt":"2026-06-08T05:37:46","slug":"today-world-bank-backs-iraq-road-corridor-upgrades-with-usd-900-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/06\/08\/today-world-bank-backs-iraq-road-corridor-upgrades-with-usd-900-mn\/","title":{"rendered":"TODAY: World Bank backs Iraq road-corridor upgrades with USD 900 mn"},"content":{"rendered":"

Good morning, nice people.<\/strong> Infrastructure is having its moment in today's issue. We lead with Iraq securing USD 900 mn in World Bank backing for its road corridors, while Oman’s Asyad Group is making a strategic move into Central Asia with a controlling stake in Uzbekistan’s leading logistics platform, placing it on one of Eurasia’s busiest trade routes.<\/p>\n

\"Inline<\/p>\n

You’ve spent decades building wealth, and the question now isn’t how to make money — it’s how to make sure it survives you, works across borders, and doesn’t quietly erode while you’re not looking. The rules have changed. Egyptian real estate, once a near-guaranteed store of value, is competing with markets in Greece, Spain, and Dubai.<\/p>\n

Whether it’s art as an asset, crowd-funding, or the tax implications quietly stacking up behind that second passport, the toolkit for serious capital deployment has expanded faster than most conventional advice — or most advisors — have.<\/p>\n

In Issue 3 of EnterpriseAM Money Matters<\/strong>, we cover the decisions that matter most when you’re at the stage where capital preservation is just as important as capital growth — and where getting it wrong is no longer something you can simply recover from.<\/p>\n

Tap or click here to subscribe to the Egypt edition<\/a>, delivered to your inbox on Wednesday, June 10.<\/p>\n

\n

A dream delivered<\/p>\n

<\/a>Riyadh Air<\/strong><\/a> has received its first two commercial Boeing 787-9 Dreamliners<\/strong>, according to a statement on X<\/a>. The PIF-owned carrier will use its new commercial aircraft<\/a> to prepare for its official rollout on 1 July, starting with its route to London Heathrow. This delivery is the first of a planned fleet of 72 Dreamliners.<\/p>\n

ALSO- The airline has also teamed up with Air India<\/strong>, signing a strategic MoU that unlocks a web of codeshare and interline arrangements to make international travel feel effortless, according to a joint press release (pdf)<\/a>. The two airlines are set to also collaborate on loyalty programs, cargo services, operations, and digital initiatives to enhance the guest experience.<\/p>\n

REMEMBER-<\/strong> This is part of a plan by Riyadh Air to integrate<\/a> one Boeing 787-9 Dreamliner into its fleet each month and launch two new destinations every two months, reaching 100 cities by 2030.<\/p>\n

But the environment has not been cooperative:<\/strong> Regional instability and significant delays have derailed<\/a> the airline’s launch, and attacks on civilian infrastructure are impacting the aviation industry as the US-Iran conflict remains unresolved. Most recently, an attack on Kuwait’s main airport caused one death, dozens of injuries, and extensive damage.<\/p>\n

RAM adds another E190<\/p>\n

<\/a>More lift for Casablanca’s short-haul network:<\/strong> Morocco’s flagship carrier Royal Air Maroc (RAM) is expected to take delivery<\/a> of another Embraer E190 — expanding its E190 fleet to five aircraft and its total fleet to 66. The aircraft is being added on lease and will be deployed on thinner regional sectors and medium-haul routes where demand does not justify larger narrowbody capacity.<\/p>\n

A bridge before the big fleet renewal?<\/strong> The delivery is in line with RAM’s interim leasing push strategy as the airline advances a major fleet acquisition campaign. The airline is evaluating<\/a> offers from Boeing, Airbus, and Embraer for up to 200 aircraft by 2037, with first deliveries expected in 2028. The carrier also plans to add up to 13 leased aircraft a year.<\/p>\n

Market watch<\/p>\n

Oil prices surged this morning, driven by renewed Israeli strikes on Lebanon and further boosted by reports of explosions in Iran<\/strong>, Reuters<\/a> reports. Brent crude futures gained USD 3.20 to trade at USD 96.24 \/ bbl by 03.33 GMT, while US West Texas Intermediate (WTI) increased USD 2.87 to USD 93.41 \/ bbl.<\/p>\n

\n

The Baltic Index loses a little lift:<\/strong> The Baltic Exchange’s dry bulk index — which tracks rates for the capesize, panamax, and supramax vessel segments — slipped 0.1%<\/a> to 3,224 points on Friday. The capesize index fell 0.3% to 5,503 points, while the panamax index rose 0.5% to 2,343 points. The smaller supramax index was unchanged at 1,569 points.<\/p>\n

\n

The Drewry World Container Index surged 23% to USD 3,433 per 40-ft container last week<\/strong>, according to the latest index readings<\/a>. The lift came as transpacific and Asia-Europe rates moved higher, with Shanghai-Los Angeles (31%), Shanghai-New York up (20%), Shanghai-Rotterdam (25%), and Shanghai-Genoa (20%). Early peak-season, higher FAK (Freight All Kinds) implementation, front-loaded bookings ahead of potential US tariff changes in July, and World Cup-linked cargo are keeping rates under upward pressure.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/p>\n<\/div>\n<\/div>\n<\/div>\n

***<\/strong> YOU’RE READING EnterpriseAM Logistics, the essential MENA publication for senior execs who care about the industry that connects producers and retailers to global markets.<\/strong> We’re out Monday through Thursday by 9:15am in Cairo and Riyadh, and 10:15am in the UAE.<\/p>\n

EnterpriseAM Logistics is available without charge<\/strong> thanks to the generous support of our friends at Hassan Allam Utilities and Transmar.<\/p>\n

Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy of EnterpriseAM Logistics.<\/p>\n

Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on logistics@enterprisemea.com<\/a>.<\/p>\n

DID YOU KNOW<\/strong> that we also cover Egypt<\/a>, Saudi Arabia<\/a>, and the UAE<\/a>? ***<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":0,"featured_media":96619,"comment_status":"closed","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":[980],"tags":[145,150,31,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-2","tag-aviation","tag-morocco","tag-saudi-arabia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"full_issue_title":"TODAY: World Bank backs Iraq road-corridor upgrades with USD 900 mn","teaser":"What we\u2019re tracking this morning regionally and around the world","mongo_id":"c6c7f0d58264983cd016ebc5","order":"1","related_issue":[96615],"story_type":"1"},"yoast_head":"\nTODAY: World Bank backs Iraq road-corridor upgrades with USD 900 mn - 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