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Logistics
Logistics
Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion
Oman's trade balance rose 35 percent to $6.75 billion in the same quarter
Logistics
Etihad Airways, China Eastern Airlines sign joint venture, to develop more routes
The joint venture cooperation will be implemented in early 2025 once all necessary regulatory clearances are in place
Logistics
UAE, Malaysia seek deeper trade ties, hold CEPA talks as trade hits $4.7 billion in 2023
UAE seeks deeper ties with ASEAN bloc following CEPA agreements with Indonesia and Cambodia
Economy
UAE to become regional hub for low-carbon aviation fuel: Minister of Economy
New roadmap sets goal to produce up to 700 million litres of low-carbon fuel annually by 2030
Logistics
Global airline profits to touch $30.5 billion in 2024: IATA
Airlines are likely to ferry as many as 4.96 billion travelers during the year
Logistics
ADNOC L&S acquires 80 percent of Navig8 for $1.04 billion
ADNOC L&S will acquire the remaining 20 percent ownership of Navig8 in 2027
Logistics
Boeing needs a strong CEO to end crisis, overhaul airline: Emirates president Tim Clark
The Emirates chief says Boeing’s problems can be fixed, but it could take five years to get things back on track
Hospitality & Tourism
Oman’s airport traffic surges with 5 million passengers in first four months of 2024
Sohar airport witnessed the most dramatic growth with a 295 percent increase in the number of passengers
Egypt
Egypt’s trade balance deficit falls 23.2 percent to $2.37 billion in March
The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024
Logistics
UAE and South Korea forge CEPA agreement to free trade, promote investment
Agreement will remove tariffs on more than 90 percent of all imports from both countries in the next 10 years
Economy
AD Ports’ consortium signs deal to develop green methanol facility in Egypt
Global demand for green methanol is expected to increase to four million tonnes per year in the next five years
Interviews
Plaza Premium Group’s Bora Isbulan talks Middle East expansion and post-Covid rebound
An immersive local experience that caters to passengers across categories makes the group’s lounges a preferred destination across airports
Logistics
Saudi Arabia’s King Khalid airport tops GACA rankings: Report
GACA report assesses 11 operational performance standards to enhance services and traveler experiences
Logistics
Dubai’s DP World, Saudi Arabia’s Mawani break ground on $240 million logistics park in Jeddah
The collaboration between Mawani and DP World also includes the management of a container terminal through a separate 30-year concession
Logistics
Doha’s Hamad International Airport’s 10-year journey peaks with 50 million passenger landmark
The airport's point-to-point passenger operations account for 25 percent of its total traffic
Logistics
Emirates, Avianca launch codeshare partnership through European gateways
Emirates and Avianca customers can enjoy seamless connectivity on multiple routes starting June 4
Logistics
Saudi Arabia’s non-oil exports rise 3.3 percent to $18.6 billion in Q1 2024
The total value of commodity exports stood at $77.77 billion
Logistics
Dubai’s RTA accelerates technological advancements with AI, metaverse and robotics in new digital strategy
The Authority launched 24 innovative initiatives integral to Digital Strategy 2023-2030
Economy
UAE world’s second-largest global commodity trading hub: DMCC report
United States retained the top spot on the Commodity Trade Index with a score of 59 percent
Egypt
Egypt’s SCZONE secures $3.23 billion in new contracts over 10-month period
From July 2023 through April 2024, industrial zones and ports attracted 144 new contracts
Logistics
UAE’s Etihad Credit Insurance sees 21-fold growth in gross exposure over 5 years, reaching $2.6 billion
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
Logistics
102 agreements worth over $20 billion signed at Saudi Arabia’s Future Aviation Forum 2024
GACA launches first aviation sector report for Saudi Arabia highlighting contributions of $53 billion
Logistics
Saudi Arabia set to launch new air carrier later this year: GACA Vice President
The move falls in line with the country's ambitious plan to reach 250 global destinations by 2030
Logistics
Oman to inaugurate 6 new airports by 2028-2029, targets 50 million passengers by 2040
The number of airports in the country will go up to 13, supporting the aviation and tourism sectors
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