• UAE bolsters air cargo industry with launch of ‘CARDS’ data platform

    Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range of technical services to government entities, national airlines, ground handling agents and express service providers. CARDS is the first platform of its kind to provide an analytical view of air...
  • DP World 2023 profit is $1.5bn

    The company's revenue grew 6.6 percent to $18.25 billion.
  • Supply chain challenges hit Ramadan retail rush

    Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek Abi Yaghi.
  • Jafza reports 28% year-on-year growth in 2023 of new Indian companies

    DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the UAE. There's been a significant increase in Indian businesses setting up there, with 28 percent more new companies in 2023 compared to the previous year. This resulted in over 190...
  • Arcapita Capital closes $500m fund

    The fund saw participation from leading sovereign wealth funds.
  • Saudi Arabia takes the lead in global road connectivity rankings: minister

    Riyadh, Saudi Arabia - Saudi Arabia has earned the distinction of being the world's most connected country in terms of its road network, Minister of Transport and Logistics Eng. Saleh Al-Jasser said on Monday. Speaking at the launch of the "Safe distinguished roads" campaign in Riyadh, Al-Jasser highlighted a remarkable...
  • AD Ports Group net profit up 6%

    Revenue growth driven by ports, logistics, and digital clusters.
  • Dubai Customs new record: 17.15m international visitors in 2023

    Dubai, UAE -- In 2023, Dubai Customs managed 46.87 million bags from 206,396 flights, averaging 128,400 bags daily and played a role in the reception of a record-breaking 17.15 million international visitors. The Passenger Operations Department has over 845 inspection officers supported by 77 baggage inspection devices. Ibrahim Al Kamali,...
  • Aramex Q4 net profit doubles

    The firm reported a marginal YoY decline in Q4 revenue.
  • Saudi Arabia, Swiss Fund unveil billion-euro initiative for zero-emissions investments

    Riyadh, Saudi Arabia - Saudi Arabia and Swiss Fund have decided to initiate financing initiatives in the debt market in a move towards bolstering investments in zero-emissions projects. Saudi Minister of Investment, Eng. Khalid Al-Falih, announced the collaboration during a Saudi-Swiss round table meeting in Riyadh on Monday. The strategic...
  • Spain urges WTO meet in UAE to address de-globalization

    ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next month to address the potential challenges of de-globalization and its impacts on global supply chains, Minister of State for Trade of Spain Xiana Mendez said. “The main challenges we may...
  • UPS says will cut 12,000 jobs

    The move comes as UPS seeks to "align" its resources.
  • KEZAD to build new warehouses

    It will invest US$169m to develop new capacity.
  • AD Ports launches Noatum Logistics Middle East

    The firm said the new brand will replace MiCCO Logistics.
  • China remains world’s largest logistics market in terms of demand

    BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's largest logistics market in terms of demand, China Federation of Logistics and Purchasing said. According to a report from CCTV, He Liming, the chairman of the China Federation of Logistics...
  • Aldar to invest US$272m in logistics

    The developer will expand business in Dubai, Abu Dhabi.
  • Aramex partners with Bollywood film Dunki starring Shah Rukh Khan

    DUBAI, UAE - Aramex, a global provider of comprehensive logistics and transportation solutions, announced a collaboration with the movie, Dunki starring Bollywood Shah Rukh Khan. The partnership marks Aramex as the official brand partner for the movie and is a showcase of the brand’s commitment to expanding its presence in...
  • Saudi Ports Authority invests US$3.46bn in maritime and logistics sectors

    Riyadh, Saudi Arabia-- The Saudi Ports Authority also known as Mawani strengthened the maritime and logistics sectors with an investment of US$3.46 billion during 2023, contributing to the kingdom's growth in international indicators and solidifying its position as a global logistics center. In order to enhance the attractiveness of Saudi...
  • Cornerstone laid for $40 million logistics park at King Abdulaziz Port

    Riyadh, Saudi Arabia -- The cornerstone was laid for an integrated SAR150 million ($39.99 million) Logistics Park at Dammam's King Abdulaziz Port by the Saudi Ports Authority (Mawani) and MELDOG, the logistics arm of the Mediterranean Shipping Company. The area of the new park is 100,000 sq. meters, with capacity...
  • China, Saudi Arabia sign 60 pacts worth $25bn at Beijing conference

    Beijing, China - China and Saudi Arabia signed over 60 MoUs and agreements worth over $25 billion at the investment conference in Beijing. The conference was attended by more than 1,000 government and business leaders. Agreements were signed in key sectors including energy, agriculture, tourism, mining, financial services, logistics, infrastructure,...
  • AD Ports, Kazakhstan Railways form venture to boost services

    Abu Dhabi, UAE - AD Ports Group signed an agreement with Kazakhstan Temir Zholy JSC (Kazakhstan Railways to form a joint venture (JV) to enhance rail connectivity, maritime shipping services. This includes development of operations in Kazakhstan’s ports, accelerate digital transformation and connectivity in Central Asia. The joint venture, owned...
  • DP World and IRENA sign agreement to cut emissions in maritime sector

    Dubai, UAE--DP World and the International Renewable Energy Agency (IRENA) have signed a cooperation agreement to accelerate the use of renewable energy and cut emissions from the ports and maritime logistics sector. Signed by IRENA Director-General Francesco La Camera and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem,...
  • $9.9bn transport investments boost Qatar’s logistics efficiency

    Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable player with a $9.9 billion market investment. This achievement has propelled Qatar to claim the second-best spot in the region for logistics efficiency. Eng. Ali bin Abdullatif Al Misned, a...
  • ADSB to make two vessels for ADNOC Logistics & Services

    ABU DHABI, UAE - Abu Dhabi Ship Building (ADSB) announced that it is building two 28-meter vessels for ADNOC Logistics and Services plc (ADNOC LS), a global energy maritime logistics leader. The order for these vessels further strengthens the relationship between ADNOC LS, a global energy maritime logistics leader, and...
  • Hamriyah Freezone and Amazon UAE sign lease agreement for new logistics center

    Sharjah, UAE--Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics centre which will enhance delivery services for customers in the Northern Emirates. In line with HFZA's vision to bolster economic growth and innovation in the region, the agreement supports Amazon UAE’s commitment to...
  • Policy and infra drive Dubai’s global rise

    The emirate's pro-business policies, dedicated trade zones, and emphasis on tech innovation position it as a premier financial hub, George Pavel of Capex.com tells TRENDS in an interview.
  • MAWANI and SGP sign $266m contract

    They will establish a logistics zone in King Abdulaziz
  • Masdar City, ADAFZ sign MoU

    The two free zones will collaborate to grow businesses.
  • Alibaba quarterly revenue up 14 percent

    Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).
  • OERC, Jindal to set up sustainable transport logistics solution

    Abu Dhabi, UAE - Oman and Etihad Rail Company (OERC) signed a deal with Jindal Shadeed Iron & Steel (Jindal) to establish a sustainable end-to-end transport logistics solution between Jindal’s steel complex at Sohar Port and the United Arab Emirates (UAE), via the UAE-Oman Rail Network. The deal is a...
  • Saudia Cargo signs deal with Jan de Rijk

    It will enable Saudia Cargo to widen network in Europe.
  • Herald, SAIF Zone sign agreement

    Herald aims to expand its presence in the region.
  • SPARK, Hutchinson Ports ink pact

    SPARK Logistics Company will meet the needs of investors.
  • AD Ports Group, Premier Marine set up a JV SAFEEN Drydocks

    ABU DHABI, UAE -  AD Ports Group, a leading facilitator of global trade, logistics, and industry, and Premier Marine Engineering Services, a UAE-based shipyard company on Sunday announced the formation of a new joint venture, SAFEEN Drydocks. AD Ports Group will own 51 percent of the joint venture and the...
  • Arab-China summit will bolster bilateral economic ties

    The event is aimed at bolstering trade and economic alliances between Arab and Chinese business communities and to explore a variety of investment opportunities. The sectors in focus include technology, renewable energy, agriculture, real estate, minerals, and supply chains.
  • Saudi NIDLP publishes report highlighting ‘achievements’ in four key sectors

    Riyadh, Saudi Arabia-- In order to ensure compliance with the goals of Saudi Arabia's Vision 2030, the National Industrial Development and Logistics Program (NIDLP) has come out with its annual report for the year 2022, reviewing achievements in the four core sectors of the economy: energy, industry, mining, and logistics...
  • Oman, UAE to boost rail logistics with new Vale deal

    ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies, to explore utilizing rail to transport iron ore and its derivatives between Oman and the UAE. It is likely to connect Vale’s industrial complex in Sohar Port and Freezone to...
  • Saudi Arabia to boost maritime cooperation with South Korea, Qatar

    Riyadh, Saudi Arabia - A delegation of Saudi Arabia discussed steps to enhance cooperation in maritime transport and ports with South Korea, local media reports said. Led by Saleh Al-Jasser, Saudi Minister of Transport and Logistic Services, the delegation visited South Korea and met Cho Seung-hwan, Minister of Oceans and...
  • Poll: Competence, quality key to boost GCC logistics

    The TRENDS poll highlights the need to invest in transportation infrastructure, streamline customs procedures, and improve warehousing and distribution capabilities.
  • UAE delegation explores investment opportunities in US

    “The United States is a long-standing trade and investment partner for the UAE – and an important ally in the battle to develop alternative sources of energy,” said Al Zeyoudi, UAE's Minister of State for Foreign Trade.
  • ADNOC L&S to deploy five very large gas carriers

    ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, announced on Thursday the deployment of five new-build Very Large Gas Carriers (VLGC). The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW...
  • Dubai Chamber reviews software development, Artificial Intelligence sector

    DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session of regular digital industry workshops here. Top executives, business leaders, experts and entrepreneurs discussed the challenges and opportunities in the industry, local media reports said. UAE Minister of State for...
  • ADNOC makes logistics push

    Contract worth $2.6bn with ADNOC Offshore part of the launch.
  • UAE issues license for electric vertical takeoff and landing aircraft

    DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation and enhance the sustainability of the air cargo industry in the country. The license is aimed at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology...
  • Jebel Ali Free Zone 2022 customer registrations highest in decade

    Dubai, UAE -- DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade in 2022, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500. During the past 10 years, Jafza has seen a 13-fold increase in logistics customers,...
  • ‘UAE’s economy sees fastest growth in over a decade’

    The UAE has utilized advanced technologies to develop capacities and meet the growing demand in these sectors. Additionally, the country aims to adopt a new and more open development model in line with the leadership's future vision and the UAE Centennial 2071, the minister adds.
  • UAE records fastest growth rate in 10 years, says economy minister

    Abu Dhabi, UAE - UAE's Minister of Economy Abdullah bin Touq Al Marri said Wednesday that in 2022, the UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown, with the first half of 2022 witnessing unprecedented growth of nearly 8.5 percent. The country's...
  • Tourism, state spending spur real estate in KSA, UAE

    Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the post-pandemic recovery in the region.
  • Qatar logistics sector to outperform GCC states during 2020-2026

    Doha, Qatar—Logistics market in Qatar will outperform other Gulf Cooperation Council countries during the 2020-2026 period, a study says. The study by the Investment Promotion Agency in Qatar showed Qatar ranked among the first 20 percent of countries in the world and second in the Middle East based on performance...
  • AD Ports Group 2022 net profit

    The Group's revenue grew by 41 percent to AED5.5 billion.
  • SAL Saudi Arabia, Menzies sign MoU

    The MoU is aimed at improving services at kingdom's airports.