#Logistics

Etihad Cargo crosses operational performance benchmarks

Etihad Cargo crosses operational performance targets in 2022

Etihad Cargo maintained a delivered-as-promised rate of 86.6 per cent, a 2.6 per cent improvement compared to the previous year

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

AD Ports Group

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

Aqaba cruise terminal inauguratedAqaba cruise terminal inaugurated - AD Ports Group to operate and manage it

AD Ports Group, Aqaba Development Corporation inaugurate Aqaba Cruise Terminal

The new terminal marks the launch of the first of five strategic mega projects planned between AD Ports Group and Aqaba Development Corporation

Maersk

Dubai’s DP World and Maersk enter long-term partnership at Jebel Ali port

Maersk will deploy two of its solutions for customers moving their cargo through Jebel Ali

Alibaba

Alibaba plans logistics hub at Istanbul airport, data centre near Ankara

Expanding commerce and cloud-based units are expected to lift the company’s revenue

AD Ports Group reports strong growth in 2022

AD Ports Group reports strong growth, global expansion in first year as publicly listed entity

Throughout 2022, AD Ports Group has continued to build its global presence, signing agreements with port authorities and partners globally

AD Ports Group inks deals with Kazakh National Oil Company subsidiary

AD Ports Group inks deals with Kazakh National Oil Company subsidiary

The new joint venture will provide offshore services as well as crude transportation for energy companies operating in the Caspian Sea and the Black Sea

DP World, Hassana announce $2.4bn investment in UAE

DP World, Hassana announce $2.4bn investment in UAE

Hassana will hold its economic interest in a stake of approximately 10.2 per cent in three UAE assets of DP World

Yango Delivery launches in UAE to boost e-commerce sector

The company claims to offer traffic-proof and cost-effective deliveries at different speeds, from express to next day, for any goods from food to furniture

Africa

AD Ports Group, Africa Finance Corporation ink deal

The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa

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 signs agreements with Kyrgyzstan to promote trade

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

Amazon

Amazon’s new warehouse robot could one day replace humans

Amazon employs hundreds of thousands of workers, whose dexterity and intuition currently let them pick and pack items more quickly and more reliably than existing machines

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

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

swftbox

UAE’s swftbox closes $2m fundraise to build AI-powered delivery platform

The Abu Dhabi-based Hub71 company will continue to scale its services across the region, working with e-commerce retailers and courier companies to enhance the delivery experience

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

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

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

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

Logistics

How leveraging connected experiences in logistics can build resilient supply chains

Advances in cloud data storage, artificial intelligence and cellular networks are all collectively driving a more connected experience in transport and logistics

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