INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

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.