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AD Ports, CHEC sign deal

AD Ports Group, China Harbour Engineering Company to jointly build topside infrastructure

The agreement includes the development of the first net zero carbon administration building to be constructed for the joint venture

KEZAD Group breaks ground on noon’s 252,000 sqm fulfilment centre

KEZAD Group breaks ground on noon’s 252,000 sqm fulfilment centre

The fulfilment centre facility is being designed and developed by KEZAD Group under a build-to-suit agreement and is scheduled for delivery in 2024

Revealed: Winners of the Gulf Business Awards 2022

The awards celebrated stalwarts and companies from across the region’s business landscape

Ad Ports Transmar Pakistan

UAE’s AD Ports Group, Transmar launch new Pakistan service

The new container shipping service links Karachi with the region’s major ports within UAE, Saudia Arabia, Egypt, Jordan, Sudan and Djibouti

AD Ports Group acquires Noatum

Abu Dhabi Ports Group acquires Spain’s Noatum in Dhs2.5bn deal

Subject to regulatory approvals, the transaction is expected to close in the first half of 2023

Al Seer Marine & K Ship Building

Al Seer Marine orders four tankers worth Dhs643m, forges ahead with global expansion plans

The tankers will be LNG ready and are being designed to be ready to adapt to new fuels such as ammonia and methanol

Agility posts-Q3-2022-profit - July 16, 2022: HH Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates meets with Joe Biden, President of the US, during the Jeddah Security and Development Summit. Image: WAM

Kuwait’s Agility reports KD12.6m in earnings for Q3 2022

In Q3, Agility controlled businesses reported EBITDA of KD47m and revenue of KD256.3m

DP World

Inflation among key concerns for global supply chain, reveals DP World survey

According to the survey, the other challenges that freight forwarders are currently experiencing include rising and unpredictable freight rates

Noon.com Yellow Friday Sale

Noon.com, ADIO partner to set up UAE’s largest e-commerce fulfilment centre at KEZAD

ADIO will provide noon with financial and non-financial incentives to expand operations in Abu Dhabi

aramex earnings Q3 2022

Aramex reports revenue of Dhs4.39bn for the first nine months of 2022

The company’s freight forwarding business reported a strong performance, attributable to increased volumes from industrial, retail and SME verticals

DP World partners with Emirates Development Bank to finance SME growth

DP World partners with Emirates Development Bank to finance SME growth

It includes a formal framework for both entities to provide SMEs with access to trade financing

AD Ports IDB sign MoU

AD Ports Group, Iraq’s IDB sign agreement for port and logistics development

The bank aims to provide its services to corporate clients and support a range of landmark infrastructure projects in both countries

DP World to invest$500m towards reducing co2 emissions

DP World to invest $500m over five years to reduce carbon emissions

DP World’s plans include replacing its global fleet of assets from diesel to electric, investing in renewable power and exploring alternative fuels

Agility ALP_Riyadh_2022

Kuwait’s Agility invests $163m to build Jeddah Logistics Park in Saudi Arabia

The park will serve international and local customers in the retail, consumer goods, technology, automotive, energy and e-commerce sectors

DP World partners with Lin-Gang Special Area to develop Chinese trade zone

The Lin-Gang Special Area offers some of the most innovative and forward-looking business policies for both Chinese and international companies beyond normal free zones offerings

Saudi Arabia launches supply chain initiative to beckon $10.6bn of investments

The initiative will contribute to overcoming challenges faced by global supply chains

Aramex MyUs takeover

Aramex completes acquisition of cross border e-commerce platform, MyUS

Aramex paid an all-cash purchase price of approximately $265m for the acquisition of MyUS, its largest to date

Cover story: UAE-based businessman Ghassan Aboud on how a sound diversification strategy drives growth

In an exclusive interview, chairman and founder of Ghassan Aboud Group explains why success is only sustainable if it is inclusive

drone delivery Ad Ports Maqta Gateway Emirates Post Group Skygo - drones

AD Ports Group, Emirates Post and SkyGo set to trial drone delivery initiative

The trial programme will deploy aerial drones to carry parcels and documents to specified Emirates Post sites across Abu Dhabi

ADNEC, MICCO agreement

ADNEC Group, MICCO Logistics to develop events-related logistics solutions

The agreement will focus on the development of integrated services, covering shipping, transport and other logistics operations, to support events organised by the ADNEC Group

Dubai airport free zone to enter metaverse with METADAFZ

Dubai Airport Freezone to enter metaverse with launch of METADAFZ at Gitex Global

METADAFZ will enable clients from across the globe to conduct meetings via a virtual platform regardless of the physical location among other benefits

DP world open new trade routes in 2022

DP World adds new trade routes to ease supply chain congestion

The new routes, covering more than 23,000 nautical miles, include connections between India, Middle East and Africa

Bahrain

Bahrain attracts $290m in direct investment in manufacturing and logistics

The investments are expected to generate more than 1,200 jobs over the next three years

aramex

Aramex completes first drone delivery in Oman

The company plans to expand its drone delivery testing across the Middle East region

agility

Kuwait’s Agility Ventures invests in India’s e-commerce platform Shiprocket

The investment was part of Agility’s strategy to expand across digital logistics and e-commerce in high-growth markets

Saudi Arabia ports throughput volume 2022

Saudi ports see increase in throughput volumes in past eight months

General cargo volumes were up 8.93 per cent to reach 5,722,622 tonnes, with dry bulk cargo hitting 32,723,465 tonnes, reflecting a 7.16 per cent increase

Kezad Group

AD Ports launches KEZAD Group to streamline services for strategic industries

The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities

Dubai South

Maersk signs agreement with Dubai South to expand footprint

The 162,000 square feet facility in the Dubai South Logistics District will become operational later this month

Safeen Feeders

AD Port Group’s Safeen Feeders to launch new service for Southeast Asia

The company launches first services to Southeast Asia, adding vital new trade routes for the UAE

King Abdulaziz Port in Dammam breaks container throughput record in June

Saudi’s King Abdulaziz Port breaks container throughput record in June

The new milestone surpassed the previous record set in June 2022 by 11,031 TEUs