INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.