INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

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

Saudi Ports Authority posts 17.5 percent increase in cargo volume

Saudi Ports Authority added 28 new maritime services, connecting Saudi ports to eastern and western ports.
  • The volume of tons has exceeded 24.4 million tons, while the number of transshipment containers has increased by 3.4 percent during that period
  • However, the global supply chain disturbance has led to a decrease in Saudi ports’ volume of foodstuffs by 2.05 percent — and a fall in the number of livestock by almost 63 percent

Saudi Ports Authority has posted a 17.5 percent increase in its general cargo’s volume of tons in 2022, compared to the same period in 2021.

The volume of tons has exceeded 24.4 million tons, while the number of transshipment containers has increased by 3.4 percent during that period, it said in a statement.

However, the global supply chain disturbance has led to a decrease in Saudi ports’ volume of foodstuffs by 2.05 percent — and a fall in the number of livestock by almost 63 percent.

In line with Saudi Vision 2030, the authority seeks to enhance the process of maritime transport and ports in accordance with its development strategy to boost the sector.