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Business

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

Saudi Ports Authority signs $266.6 million logistics agreements

By TRENDS Desk
July 17, 2026 5:06 pm
  • The agreements were signed during the inauguration of the Truck Marshaling Project.
  • They include projects to develop integrated logistics, warehousing, storage, distribution and re-export facilities.

Dubai, UAE — Saudi Ports Authority (Mawani) signed seven agreements worth 1 billion riyals ($266.6 million) to establish logistics centres in Jeddah, supporting the Kingdom’s logistics sector and job creation.

The agreements were signed during the inauguration of the Truck Marshaling Project and include projects to develop integrated logistics, warehousing, storage, distribution and re-export facilities.

The deals include agreements with JD Co, Maersk, Jadeer Co, Masdar Co, Shatri Store Co and Al Gharb (West Group).

Mawani said the projects aim to enhance logistics services, increase economic value and strengthen commercial and maritime activities in line with Saudi Arabia’s logistics ambitions.

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INSEAD Day 4- 300x600
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