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Logistics (MENA) 
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
Warehousing startup Cargoz to expand in Saudi
Cargoz announced last year it has secured an undisclosed bridge round to accelerate expansion to the Kingdom
Aldar wants to invest AED 1 bn in logistics
Aldar will set up its first logistics hub in Dubai
AD Ports’ Noatum acquires Spanish terminal to boost capacity in Spain + GulfNav fully acquires marine services subsidiary
Noatum has already been managing a multipurpose terminal in Castellón since 2004
Etihad Energy X Dubai Airports on sustainable infrastructure
The pair are teaming up to launch a retrofit initiative and a solar integration project soon
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