Logistics

Air Arabia shareholders approve 20 percent dividend following record financial performance in 2023

Robust expansion and profitability reinforce strength of low-cost carrier's business model

Non-oil trade between UAE and U.S. reaches $31.4 billion in 2023

UAE investments in U.S. continue to grow in real estate, manufacturing, healthcare and technology

Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million

The allocation of funds is geared towards road construction and maintenance

Abu Dhabi to host inaugural Global Rail conference in October

The event will bring together more than 15,000 senior decision-makers, thought leaders and 1,000 delegates

Global supply chains signal recovery for first time in nearly a year: Report

GEP Global Supply Chain Volatility Index rises to highest in 10 months in February

DP World revenue up 6.6 percent at $18.25 billion for 2023

In terms of cash flow, DP World generated $4.579 billion from its operating activities in 2023

UAE-Hungary economic cooperation agreement to advance trade, investment flows

Non-oil trade between the two countries reached over $1.127 billion in 2023

Dubai CommerCity sees 158 percent jump in orders fulfilled digitally in 2023

Growth reflects Dubai's rise as a global digital commerce hub

ADIO’s new agreement with Western Australia to boost trade ties

Alliance seeks to bolster supply chain development, advanced manufacturing, and innovation and technology

Egypt’s trade deficit climbs 17.8 percent to cross $3 billion

Imports were recorded at $6.51 billion while exports stood at $3.48 billion

GCAA, Etihad Airways, and Thales collaborate to optimize flight operations

Through this deal, GCAA, Etihad Airways, and Thales will test the solutions developed by Thales

UAE-Rwanda bilateral trade hits $1.1 billion mark

Rwanda eyes collaboration in tech, AI and space technology

UAE ministry, NeoNautica partner to develop Blue Pass platform

Ushering in a new era of innovation in the maritime industry

Kuwait to allocate $604 million for completion of Mubarak Al Kabeer Port project

Strategic investment to transform Kuwait into regional trade hub

UAE’s Jafza witnesses 28 percent year-on-year surge in new Indian companies

Over 190 new Indian businesses boost Jafza's Indian company count to 1,500+

Abu Dhabi reveals $17.96 billion investment plan for 144 projects

Investments to span various sectors, including housing, quality of life, and education

Saudi Arabia, China Eastern Airlines forge strategic partnership for new air route

China Eastern Airlines will operate the route using an A330-200 aircraft, providing an annual capacity of 35,880 inbound seats

Dubai South to soon get one of region’s largest aerospace hangars

The hangars will be able to accommodate up to five wide-body aircraft of any type, except the A380

LEAP 2024: Saudi Arabia launches upgraded Logisti 2 platform

Platform serves as a unified portal for investors in logistics sector

Emirates, ITA Airways plan to expand alliance into codeshare partnership

The codeshare between Emirates and ITA Airways will offer combined ticketing and seamless baggage transfers

UAE-Kuwait bilateral trade touches $86.31 billion in 10 years

Kuwait's investments in the UAE predominantly focus on real estate, tourism, telecommunications and textiles

Trade volume between Saudi Arabia, GCC countries surpasses $14.82 billion in Q4 2023

This reflects a significant increase of $1.69 billion compared to 2022

Saudi Arabia-Brazil business forum explores boosting partnerships

Bilateral trade between the two countries has reached $8 billion