Logistics

Saudi Arabia and Türkiye central banks sign MoU to enhance economic cooperation, financial stability 

The central banks will share expertise and resources to address challenges and boost economic development

Dubai’s Emirates airline touches down in Madagascar for the first time

Madagascar is home to some of the world’s rarest plant and animal species

Dubai RTA completes 4.6 km Umm Suqeim improvement project, reducing traffic by 40 percent during peak hours

The authority launched 200 new temporary parking slots and a 500-meter roadway

UAE, Kuwait strengthen bilateral ties with MoUs on standardization, infrastructure, and cybersecurity

Other notable agreements included collaboration in communications and information technology

flynas launches inaugural flight at Zayed International Airport, linking Saudi Arabia and UAE with affordable travel

This new route will benefit business and leisure travelers, boosting tourism and trade between the two countries

Türkiye’s exports hit $170.8 billion in eight months, 3.9 percent increase year-on-year

Imports fell 8.7 percent to $225.7 billion, narrowing trade deficit by 43.4 percent

Air Arabia to launch five weekly non-stop flights to Warsaw starting December 20, 2024

This addition makes Warsaw the second city in Poland to be served by Air Arabia, following Krakow

Saudi Arabia-GCC non-oil trade balance exceeds $1.8 billion in Q2 2024

The UAE led with exports valued at SAR15.070 billion, approximately 61.8 percent of total Saudi non-oil commodity trade among GCC countries

Sharjah Airport welcomes first flights of Saudi Arabia’s flynas, boosting international connectivity in the UAE

flynas will operate seven weekly flights from Jeddah and two from Madinah to Sharjah Airport, using Boeing 737s

UAE-China Think Tank Forum in Beijing explores cooperation in trade, education and culture

Forum provides a platform for collaboration and dialogue between think tanks in both countries to explore opportunities for joint academic projects

Algeria joins BRICS New Development Bank: A new era in economic collaboration

By joining the BRICS financial branch, Algeria is advancing its global financial integration

DP World completes acquisition of Hong Kong-based Cargo Services Far East

DP World now has more than 115,000 employees in 800 locations globally

UAE to host major global events in September: All you need to know

The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Abu Dhabi, Dubai launch unified parking permit system for people of determination

Initiative falls in line with ongoing efforts to support the nation's drive toward sustainability and digital transformation

Dubai RTA opens two new major bridges on Al Khail Road, travel time to be cut by 30 percent

These newly completed bridges stretch 1,350 meters and can accommodate approximately 8,000 vehicles per hour

DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024

In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase

Emirates doubles partnership connectivity, expands to 1,700 cities beyond its network

Airline delivers additional travel choices alongside 31 codeshare, 118 interline, and 13 rail and helicopter services partners

Global air cargo demand up 13.6 percent in July 2024, eighth month of double-digit growth: IATA

Air cargo demand reached record highs year-to-date in July, with robust growth across all regions, says director general

Red Sea Global launches Saudi Arabia’s second water aerodrome at Shebara resort

Last year, Red Sea Global secured the first operating license for a water aerodrome in Saudi Arabia at Ummahat Island

UAE’s AD Ports climbs to 19th place in 2024 global rankings: Report

The port operator expanded to 33 terminals across 8 countries in 2024

Qatar achieves $5.51 billion in trade surplus in July 2024, total exports reach $8.28 billion

Import levels rose by 6.8 percent year-on-year, reaching $2.77 billion