ESA will consolidate operations under a single ERP solution

Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek Abi Yaghi.

WTO Director-General Ngozi Okonjo-Iweala. told WAM that many global private-sector investors are currently focused on the 'China+1' model, pairing China with another country like Vietnam, Indonesia, or India. "We have no problems with that. But we are saying there is also China plus Morocco, China plus Brazil. There are many...

US and British forces have launched two rounds of joint strikes aimed at reducing the Houthis' ability to target vessels transiting the key Red Sea maritime trade route. The attacks by the rebels -- who are part of the anti-Israel have disrupted trade in the Red Sea, which carries around...

The F&B packaging industry in the region adapts to post-COVID consumer behaviors, emphasizing health, wellness, and sustainability, Abdelghany Eladib of SIG tells TRENDS.

Beijing, China - China's central bank and several government agencies unveiled 25 new measures Monday to support private economy. These initiatives aim to diversify financial avenues for private businesses, marking a continued effort to bolster the sector crucial for the country's economic progress. According to Global Times, these measures represent...

DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities. It also aims at solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of the Emirate’s economic agenda. The meeting...

DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General, Chairman of the Board of Executives Directors of Dubai’s Roads and Transport Authority (RTA). The sector employs around 242,000 jobs by more than 7000 companies, local media reports said. “The...

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.

Abu Dhabi, UAE - ADNOC signed deals with more than 60 UAE-based and international companies to locally manufacture key non-oil products in its supply chain, local media reports said. The deals were signed at the Make it in the Emirates Forum in Abu Dhabi, and bring ADNOC closer to its...

Aramex said revenue was impacted by currency fluctuations, etc.

The company delivered 127 aircraft in Q1 of 2023.

Boeing's loss in the first quarter of 2022 was $1.2 billion.

Doha, Qatar - The Qatar Financial Centre (QFC), a leading onshore financial and business center in the region, has partnered with the International Labor Organization (ILO) in Qatar to organize a roundtable on promoting decent labor standards in the supply chain.  The roundtable featured speakers from the ILO and QFC...

Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an interview on the role of technology in education.

Consumer behavior is affected by cultural factors, customs, marketing campaigns, advertising, and competitions of merchants and suppliers, which can lead to an imbalance in supply and demand and affect price levels during the Holy Month, adds Prof Rajab Abdulla Al Esmail .

Firm booked profit despite supply chain disruptions.

With activity in China unlikely to pick up in earnest until after the Lunar New Year holiday, the prospect of a lull in activity could be the trigger for a pause in the current rally – especially across industrial metals where copper has started the year with an 11% gain,...

Organizations that decide not to or are unable to act will continue to find themselves patching together reactive solutions to problems. If 2023 is a year of slowdown, instead of battening down the hatches, firms should use the opportunity to move toward smarter manufacturing, he adds.

It will build a plant in Poland to build fully electric vans.

Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.

The region’s agriculture suffers from a variety of economic and policy problems. There is a lack of agricultural labor. The sector’s capabilities are underdeveloped, yields are low, soil salinity is an issue, and there are shortages of arable land, feed resources, and water, he adds.

The step followed penalty for faulty sleep respirators.

The 303km railway, with passenger trains traveling up to 200kmper hour, will join up with the UAE's national network that is now under construction. The joint venture between Oman Rail and the UAE's Etihad Rail was agreed upon during a visit by UAE President Sheikh Mohamed bin Zayed to Oman.

The Saudi health provider's revenue slumped to $58.54m.

Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis. The eighth Tokyo International Conference on African Development (TICAD8) takes place amid a "complex" international environment caused by the coronavirus pandemic and the war in Ukraine,...

The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first time, offers an important opportunity to reshape global food systems, according to organizers and attendees.

Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target warned of lower profits in the current quarter. The World Bank cut its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast, in the wake of...

Labor incomes have not yet recovered for the majority of workers. In 2021, three in five workers lived in countries where labor incomes had not returned to the level seen in Q4 2019. The gender gap in hours worked also grew during the pandemic.

Russia sanctions have cut the company's earnings by 600m euros

However, it warned of a $4-8bn hit from Covid and supply chain woes.

Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high demanded aircraft parts. Etihad Engineering signed a Component Agreement with TDA, a global specialist in the supply, loan, exchange, and repair of aircraft components, regarding the same. Frederic Dupont, Vice...

The German auto giant said operating profit rose to $9.3bn.

Company workers had gathered Sunday to urge the state to save the factory, local media said.

Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and slow new projects, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.

According to a professor at Ghent Institute, the pandemic did not bring radical changes in terms of reshoring but the conflict between Russia and Ukraine will have an impact on investors.

The Palestinian Authority is already engaged in ongoing national efforts to diversify international markets that supply Palestine with basic commodities.

Foxconn Technology Group and Saudi Arabia are expected to jointly build a $9 billion facility that can make microchips, electric-vehicle components and other electronics. Foxconn, which is a supplier to Apple Inc, did not immediately respond to a request for comment, official sources said. According to reports, the Saudi authorities...

The Ever Forward ran aground in the Chesapeake Bay in the US.

The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses.

High memory chip prices helped the company.

Intel on Wednesday said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand and supply chain constraints.The US-based firm also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, analysts noted.

Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the situation in the air freight market "continues to remain challenging," according to DHL Global Forwarding Middle East & Africa CEO Amadou Diallo.

The hike is due to pandemic-fueled supply-chain snarls.

Flood devastation, heavy rainfall, and Drought in Canada cause severe damage to the food supply chain and agricultural production.

The bank said it was confident that the global bottlenecks would continue to improve over the coming year. ‘We expect this to reduce the pressure currently being felt by global central banks, enabling them to keep interest rates lower for longer,’ it said.

Japanese car giant Honda revised its annual profit forecast downwards on Friday, warning it sees no immediate end to the chip shortage and supply-chain issues impacting automakers worldwide.

As demand has spiked, suppliers have not been able to keep up: Ships are lined up outside American ports waiting to offload goods, US consumer inflation remained elevated in September, global oil prices have jumped over $80 a barrel, the highest in years, and British families may do without turkeys...

The full report will be published next Tuesday and updates the estimates the IMF made in July, when it predicted inflation would return to pre-pandemic levels at some point next year. Prices worldwide have crept up throughout this year as economies bounce back from the sharp contraction the Covid-19 pandemic...

Panasonic has now purchased the remaining 80 percent of shares of Blue Yonder, adding to the 20 percent which Panasonic acquired in July 2020. The investment values Blue Yonder at USD8.5 billion.