Search Site

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

Mawani and Bahri launch Europe-Asia cargo service via Jeddah port

The Ministry of Environment, Water and Agriculture cleared 700,000 head of livestock since the beginning of this month at Jeddah Islamic Port, (AFP File)
  • The service will increase Bahri’s shipping network coverage and bolster international supply chains.
  • Vessels on the new service will set sail from the ports of Bremerhaven, Antwerp, and Montoir, in Europe, before calling at Jeddah.

Riyadh, Saudi Arabia — The Saudi Ports Authority (Mawani) and Saudi shipping giant Bahri have jointly announced the addition of a new freight service connecting Europe and Asia via Jeddah Islamic Port.

Besides increasing Bahri’s shipping network coverage and bolstering international supply chains, the new route is set to expand and empower the kingdom’s maritime connectivity while consolidating its leadership as a global logistics hub, as directed in the vision set out by the National Transport and Logistics Strategy (NTLS), Mawani said in a statement.


Vessels on the new service will set sail from the ports of Bremerhaven, Antwerp, and Montoir, in Europe, before calling at Jeddah enroute to the Indian port of Ennore and the Chinese ports of Taicang and Shanghai. The Kingdom’s busiest port is set to welcome the route’s first ship in early February.
Mawani and Bahri sealed an agreement last year to build a 95,436 sqm logistics park as part of the national maritime regulator’s drive to partner with major names in the industry to increase the footprint of purpose-built logistics facilities across the Kingdom to 30, the statement said.