INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Mawani adds FRS1 shipping service to Jeddah Islamic Port

The FRS1 service connects Jeddah Islamic Port to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt. (SPA)
  • The service connects the port to to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt.
  • This move is part of Mawani's efforts to improve the Kingdom's ranking in global performance indicators and support national export activity.

Jeddah, Saudi Arabia — The Saudi Ports Authority (Mawani) has added  CStar Line’s new Far East-Red Sea service (FRS1) to Jeddah Islamic Port to enhance the port’s competitiveness, expand its maritime network, boost operational efficiency, and solidify its position as a strategic logistics hub on the Red Sea.

The FRS1 service connects Jeddah Islamic Port to five regional and international ports: Ningbo, Shanghai, and Nansha in China; Aqaba in Jordan; and Ain Sokhna in Egypt. It has a capacity of up to 2,000 TEUs.

This move is part of Mawani’s efforts to improve the Kingdom’s ranking in global performance indicators and support national export activity.

It aligns with the National Transport and Logistics Strategy, which aims to establish Saudi Arabia as a global logistics center and a hub connecting three continents, Mawani said in a statement.