#Logistics

Tristar pulls Dubai IPO as investors push back on valuation

Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market

Logistics firm Tristar sets price range for second Dubai IPO in three years

The company plans to offer up to 24 per cent of its shares in the IPO

Suez Canal authorities say backlog of ships is now cleared

Overall, 422 vessels passed through since the tanker was freed on March 29

Container ship Ever Given is seen at the Suez Canal on March 28, 2021

Giant ship blocking Suez Canal ‘partially refloated’

Ever Given has been stuck since Tuesday, causing a backlog of hundreds of ships and snarling global supply lines

International Women’s Day: breaking down barriers in industry

How women can thrive in traditionally inhospitable sectors

Dr Shereen Nassarer Heriot-Watt University Dubai

Covid-19 vaccine: How to rise to the century’s biggest supply chain challenge

From transportation and logistics to temperature-controlled storage and technology-backed innovations, here’s how countries around the world can successfully meet the immense challenges in distributing Covid-19 vaccines

Two endangered Himalayan brown bears relocated from Pakistan to Jordan

DHL managed the logistics of flying the animals with help from veterinary specialists Four Paws

Abu Dhabi

Bahrain scores high in cost-effective supply chains

FDi says Bahrain is competitive in construction permits, energy prices, and taxes

Smart Solution Logistics

DP World’s Smart Solution Logistics signs agreement with Israel’s Allalouf Logistics

The logistics sector’s contribution to the UAE’s GDP is projected to increase by 8 per cent in 2021

cartlow

Digitising the supply chain key to post-Covid economic recovery

Webb Fontaine using AI to streamline port and customs operations

Digitalisation of oil and gas could unlock up to $2.6 trillion by 2025: DHL

Growth is expected to be subdued until at least till end 2021, report says

Abu Dhabi’s Hope Consortium expands reach via four key partnerships

The four companies cover 80 per cent of the world’s countries and transported over four million tons of air freight cargo globally last year

Covid-19 vaccine: Are logistics groups ready to save the world?

The behemoth task of delivering billions of coronavirus vaccines worldwide lies ahead for logistics firms, writes Bloomberg columnist Chris Bryant

Investment lessons: Outbound Middle East capital seeks emerging asset classes

The considerable levels of dry powder available across the Middle East is expected to target diversification opportunities and long-term higher returns

Abu Dhabi Hope Consortium

Abu Dhabi’s Hope Consortium to facilitate worldwide distribution of Covid-19 vaccine

The consortium will be able to handle the logistics for over six billion doses of the vaccines manufactured around the world – whether in single or multi doses – in cold and ultra-cold conditions in 2021

UAE startup Quiqup closes over $5.5m in funding to pursue expansion

Quiqup is currently working with more than 800 brands in the UAE

Bahrain’s Investcorp invests in India’s Xpressbees

Xpressbees has a presence across more than 2,000 towns and cities in India

In pictures: First passengers make maiden voyage in hyperloop pod to mark testing milestone

Josh Giegel, co-founder and chief technology officer, and Sara Luchian, director of passenger experience, were the first people to ride

How digitalisation is disrupting logistics

Amadou Diallo of DHL discusses the four aspects of logistics where technology will have the greatest impact

UAE-Bahrain trade returning to pre-Covid levels, H1 figures show

Trade between two countries hits $139.6m in June, highest since pandemic struck

MICCO Logistics Abu Dhabi Ports

Abu Dhabi Ports acquire MICCO Logistics to help expand operations

MICCO was the first logistics company to set up in the Khalifa Industrial Zone Abu Dhabi

DP World, Bank Leumi to explore Israel logistics investments

The UAE last week signed an agreement to move toward establishing normal ties with Israel

Abu Dhabi’s ADQ acquires 22% of courier firm Aramex

The shares were acquired through a series of on-market transactions and through an off-market special deal

cartlow

Digital logistics firm FarEye raises $13m in new funding

FarEye counts Emirates Post and Landmark Group as customers

DP World

Dubai-based DP World acquires feeder operators for greater reach into Indian subcontinent

Transworld Feeders and Avana Global are independent feeder and Non-Vessel Operating Common Carriers (NVOCC) operators

How should regional companies protect their workforce amid Covid-19 recovery

Amid evolving challenges, businesses needs a clear and incisive guide on best practices to support and protect their workforce

Kuwait’s Agility seeks $150m cost saving to tackle virus

The CEO said that the virus has also opened up opportunities for the company related to digital logistics and technology

Careem

Careem launches ‘super app’ to offer ride-hailing, delivery and payments on one platform

The roll-out of the super app started in March 2020 and is expected to complete by the end of June 2020

Abu Dhabi Ports launches new feeder service to boost trade

SAFEEN FEEDERS will introduce a feeder service linking Abu Dhabi to ports serving the UAE, the wider Gulf region and the Indian subcontinent

Dubai’s Aramex posts 38% dip in Q1 2020 net profit

Aramex’s Q1 2020 revenues fell 3 per cent to Dhs1.19bn, compared to Dhs1.23bn in Q1 2019