The value of cargo moving through a logistics corridor linking Sharjah ports with Oman rose 66.2% in the first three months of operation to hit AED1.7 billion ($463 million). This comes as part of a broader strategy to develop an integrated customs ecosystem linking seaports with land border crossings.
The International Trade Centre (ITC) and logistics major DHL have signed an agreement to deepen their long-standing collaboration supporting SMEs, particularly women-led businesses, to trade across borders. It combines ITC’s expertise in market intelligence with DHL’s global logistics network and technical expertise.
Etihad Rail, the developer and operator of the UAE National Rail Network, and AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, have partnered to launch a direct rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD).
Saudi sovereign wealth fund PIF has announced the launch of its innovative digital platform - Tawrid Company for Financing Solutions - to provide supply-chain financing products to Saudi companies. Tawrid will play a vital role in connecting buyers, suppliers and funders through its digital platform.
Bahrain has announced the opening of the first dedicated headquarters of the Entrepreneurs’ Organisation – Bahrain (EO Bahrain), thus marking a significant milestone in the chapter’s journey and reinforcing its commitment to advancing entrepreneurship and private sector growth in the kingdom.
India's Megha Engineering & Infrastructures has secured a KD117 million ($379 million) contract from Kuwait Oil Company for the development of key facilities at GC-25 and GC-30 units. The scope of work includes construction of new processing and water-treatment facilities alongwith connecting pipelines.
Bilfinger has announced that it has secured a major contract from Shinas Marine Fuels to provide Front-End Engineering Design (FEED) consultancy services for the Phase 1 of its oil terminals project in Oman. The work includes provision of consultancy expertise to help define the project's technical and commercial framework.
Air cargo tonnages, spot rates and capacity from Asia Pacific all rose in the second week of September, although the strong performance was partly a rebound from national holidays the previous week in Vietnam and Malaysia.
Dubai Chamber of Digital Economy and Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), will enhance funding opportunities for seven technology startups.
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR771 million ($203.3 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom.
