DP World 2023 profit is $1.5bn
The company's revenue grew 6.6 percent to $18.25 billion.
DP World adds LatAm infra
It will add warehouses in Ecuador and the Dominican Republic.Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.QFZA, Alfardan Automotive partner to build logistical hub
Alfardan Automotive's regional center will be located in the mobility industries cluster in Umm Al Houl Free Zone, located near Hamad Port a greenfield mega port enhancing trade through the port and increasing the volume of goods passing through it.GreenDome of UAE buys out Elite Co. for an unknown sum
GreenDome Investments has bought out Elite Co. from Prama Holdings, in a deal representing one of the region’s largest acquisitions in the logistics market.Emirates Post and ENOC team up to boost delivery services
Emirates Post and ENOC Group have partnered to improve delivery services in logistics and e-commerce field in the UAE.ADNOC Logistics and AD Ports to build a port and logistics facility at TA’ZIZ
ADNOC Logistics & Services (ADNOC L&S) and AD Ports Group have signed an agreement to develop a new port and logistics facility at TA’ZIZ, the chemicals production and industrial hub currently under development at Ruwais. Under the agreement, ADNOC L&S and AD Ports Group will develop a liquids terminal and...Saudi Ministry of Transport signs MoUs with its Omani Counterpart
The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali.DP World launches digital platform CARGOES Logistics
The platform is apparently aimed to address complexities and inefficiencies that exist in global supply chains.Saudi Industrial Development Fund unveils three new products
The Saudi Industrial Development Fund has unveiled a set of programs and initiatives as part of its annual meeting to empower the private sector today.Bahrain launches region’s fastest global sea-to-air logistics hub
Bahrain expects this to be the most efficient multimodal sea-air transshipment hub in the region with a global reach.Saudi Arabia reaches out to France for stronger economic ties
The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.Pact signed for setting up incubator to support SMEs in Oman
DUBAI: An incubator to support Small and Medium Enterprises in Oman will be established by Oman’s Authority for Small and Medium Enterprises Development (Asmed) in collaboration with Oman Drydock Company. The incubator will be specialized in the logistics sector, supply chains, and services affiliated with the Public Authority for Special...Abu Dhabi to use drones for delivery of vaccines and drugs
DUBAI: Abu Dhabi's department of health (DoH) will be using drones for the transport of high-value medical goods such as Covid-19 vaccines, blood, and lab samples. The DoH will be using the drone network of Matternet, a US-based company providing on-demand delivery platforms, in collaboration with the logistics company Skygo....Knight Frank strengthens UAE team
The company hires two members for Industrial and Logistics.Aramex creates two business arms
Company also creates regional structures, each headed by a VP.Are commercial airlines ready to use Kabul’s airport?
After the complete withdrawal of the US forces, questions remain as to who will run the security of the airport and operate the logistics. The Taliban have insisted they want to keep the civilian airport open, but without guarantees over security, commercial airlines simply won't operate out of Kabul.DP World acquires US logistics firm sycreon for $1.2b
Deal expected to close in the second half of 2021 World says it continues to make progress on its capital recycling programs Dubai Ports World has announced the acquisition of 100 percent of syncreon, a US-based supply chains provider, for an enterprise value of $1.2 billion. The deal is expected...Logistics company Shipsy sets up Dubai HQ
The firm plans to recruit for leadership and mid-level management roles in the sales department and build new channel partners in the region Shipsy’s platform leverages artificial intelligence, big data, and cloud capabilities to help customers reduce logistics costs, achieve transparency Shipsy, an end-to-end global trade and logistics management company,...Maersk to build petrochemicals hub at King Abdullah Port
The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space in the first two years of operations In an attempt at boosting the competitiveness of Saudi Arabia’s logistics sector, Maersk Saudi Arabia has entered into a petrochemicals partnership with King...