Logistics

More than 80 per cent of world merchandise trade by volume is transported by sea, while maritime networks carry an estimated $14tn worth of containerised goods

Tawrid has signed binding agreements with Gulf International Bank, Saudi National Bank, Banque Saudi Fransi, ROSHN Group and construction company Nesma & Partners

The industrial park is also intended to support Kenyan suppliers and small and medium-sized enterprises (SMEs)

The vessel will operate as part of DP World’s Shipping Solutions business, formerly Unifeeder

Deals cover roads, railways, air transport and postal services as the two countries expand economic cooperation

The new service is designed for international luxury travellers, combining Bicester Village’s shopping and hospitality experience with the convenience of Emirates Delivers

Revenue rose 47 per cent to Dhs7.08bn, supported by maritime, logistics and economic zone operations

The company invested $1.5bn across its global portfolio during the first half and maintained its full-year capital expenditure forecast of about $3bn

The delivery company reported lower quarterly profit and adjusted EBITDA as it invested in expanding its grocery, loyalty and retail businesses

Khalifa Al Qama, chief of Dubai’s RDI Ecosystem, overseen by Dubai Future Foundation, said the initiative was intended to accelerate the adoption of advanced logistics technologies while creating economic opportunities