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DHL Global Forwarding takes full control of Danzas AEI Emirates
The acquisition involves the transfer of 1100 logistics employees and the ownership of 20 facilities
Mozambique approves DP World’s USD 2 bn Maputo port expansion + Omniyat eyes AED 10 bn investments in Marasi Bay Marina
The expansion will see further investments of some USD 1.1 bn into the port by 2033
Elite Co acquires cold chain logistics company in a multi mn-USD transaction
The acquisition will help Elite Co expand its range of logistics services
Shipping company hit with sanctions for breaking cap on Russian crude
The sanctions block the shipping company from engaging in USD-denominated transactions
Al Seer Marine posts AED 1 bn net loss + Palms Sports operating income rises, bottom line drops
The two IHC subsidiaries saw revenues grow during the year, while net income fell
Competition, credibility, diversification are key to pushing through global “fragmentation,” ministers say
PLUS: Samsung looks like it could have a hit on its hand with the S24 lineup
Qatar pauses LNG shipments through the Red Sea
At least five Qatari vessels carryingliquefied natural gas making their way to the Bab El Mandeb strait have been halted…
Warehousing startup Cargoz to expand in Saudi
Cargoz announced last year it has secured an undisclosed bridge round to accelerate expansion to the Kingdom
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