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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

Saudi's Mawani and ZATCA

Saudi’s Mawani and ZATCA sign deal to regulate joint activities

The deal will be instrumental in supporting the Fasah platform in addition to streamlining operational efficiency and boosting competitiveness at Saudi ports

cartlow

How logistics companies are increasingly adopting sustainability practices

From reducing the overall amount of packaging used to enhanced delivery schedules that can be fulfilled in lesser trips, logistics companies are taking the sustainability route

dubuy.com adds Al Ain Farm products to its offerings

Al Ain Farms to offer dairy products in Africa through DP World’s DUBUY.com

Dubuy.com connects 10,000 registered customers to 2,000 registered vendors and facilitates the trade of 1.4 million products on a daily basis

cartlow

Tomorrow first: Is the future of logistics here?

Experts from across the region’s logistics and freight sector give us the lowdown on advanced technologies, digitisation, e-commerce and other key trends transforming the sector

hub

Abu Dhabi to host one of region’s largest food and healthcare storage hubs

The hub will comprise four warehouses with over 80,000m2 of capacity

Agility posts Q2 2022 profit

Agility reports KD16.1m net profit for Q2 2022, revenue grows 23.4% to KD138.4m

Agility reported H1 2022 earnings of 11.41 fils per share on a net profit of KD28.8m while revenue increased 22.9 per cent to KD270.5m

Abu Dhabi Ports announces Q2 results

UAE’s AD Ports Group sees net profit rise 59% YoY to Dhs300m in Q2 2022

The 22.32 per cent stake in Aramex, which was transferred to AD Ports Group in January 2022, contributed Dhs12m to EBITDA and net profit in Q2

Bassel El Koussa, Co-founder and CEO of Quiqup

Quiqup to focus exclusively on e-commerce last-mile operations

Quiqup will exit the food delivery business and focus its efforts solely on e-commerce last-mile operations.

Mubadala to acquire Canada Cartage Image Courtesy: Mubadala Twitter

Mubadala Capital enters agreement to acquire Canada Cartage

Canada Cartage currently operates through a network of 33 facilities across Canada and has two business segments, dedicated transportation and logistics

Abu Dhabi Ports and Hutchinson Ports sign MoU-e1565073659656

Abu Dhabi Ports, Hutchison Ports sign MoU to pursue joint business opportunities

The two entities will form a partnership to operate within Tanzania, where they will explore market competitiveness of port operations and investment opportunities

Etihad Cargo revenue in H1 2022 grows by 6 per cent

UAE’s Etihad Cargo reports 6% revenue growth in H1 2022

Cargo operations delivered revenues of $802m in the first half of 2022