ADNOC takes over shipping pool operator Navig8 for over $1bn
gcc logistics
Latest in gcc logistics
commercial transport sector
Dubai announces $4.6bn commercial land transport strategy
Dubai plans to double the direct contribution of the land transport and logistics sector to the emirate’s economy to AED16.8bn
gcc logistics
NEOM announces $10bn logistics partnership with Denmark’s DSV, 20,000 new jobs expected
NEOM and DSV embark on major partnership, expect to create 20,000 jobs
Arcapita
Arcapita eyes expansion to $2bn logistics assets
Arcapita Group manages $1bn of industrial real estate assets and looks to double AUM
gcc logistics
Saudi Arabia climbs 17 places in World Bank logistics index
Saudi Arabia’s developing reputation as logistics hub enhanced
Digitisation
Four ways GCC nations can pivot from playing catch-up to being titans in the global logistics industry
Countries in the GCC region have fallen behind their global peers because of three major factors: the lack of modern and integrated infrastructure, insufficient service quality, and legacy processes, according to a Strategy& Middle East report
Abu Dhabi
AD Ports Group’s net profits soar to $232.2mn in 2021 driven by volume growth, diversification, and partnerships
General cargo volumes reached record levels of 45 million metric tonnes in 2021, up from 30 million metric tonnes in 2020
cargo operations
DP World revenues grow to $10.77 billion in FY 2021 supported by acquisitions and new concessions
The firm shared that its operational performance remains strong despite disruptions. Terminals have remained open to service cargo owners despite challenges faced due to the pandemic
gcc logistics
Logistics: Bringing the GCC and the EU closer together
By building stronger transport connectivity between the GCC and the EU, the logistics industry has created more business opportunities for the local economy on both sides
Aramex
Dubai’s Aramex announces launch of start-up focused Aramex Go in Saudi Arabia
Launch comes as Saudi Arabian authorities continue to deregulate the start-up sector in a bid to expand entrepreneurism in the kingdom
digital banking
Kuwaiti logistics giant Agility applies for licence to run digital bank
Senior executive confirms digital bank licence application in a statement carried by Dubai Financial Market
Agility
Kuwait’s Agility reports 503.7% year-on-year growth for Q2
Logistics giant also announced half yearly profits of $170.1m, up 215.9% over same period last year
gcc logistics
Kuwait logistics major Agility seeks growth in emerging markets, new tech
CEO says sale of commercial logistics business to DSV Panalpina will give company more flexibility going forward
Aramex
Covid costs weigh on Q1 profits of Dubai logistics major Aramex
Aramex also announces appointment of new CEO following the resignation of Bashar Obeid
Aramex
Dubai-based Aramex CEO resigns after 28 years of service
Bashar Obeid will continue in his role until a successor is announced and will remain as an advisor to the company
DHL Express
DHL Express MENA to add new freighters to meet growing demand
New aircraft are scheduled to enter service gradually during the course of 2021, says delivery major
Aramex
Dubai’s Aramex hires lawyers to defend $40m Morocco lawsuit
One of Aramex’s customers files compensation claim over warehouse blaze in Casablanca
