Logistics

UAE, China seek $200 billion in trade exchange by 2030, up from $95 billion in 2023: Report

Booming cooperation across trade, investment, technology and culture

Boeing CEO Dave Calhoun to step down by year-end amid 737 Max crisis

Boeing stock rises more than 3 percent in premarket trading following announcement

Egypt’s Suez Canal economic zone secures contracts worth $2.8 billion

Diverse projects and foreign investment to drive Egypt's economic growth

UAE’s Etihad Cargo, Kenya’s Astral Aviation launch partnership, boost African market reach

Inaugural flight from Nairobi to Abu Dhabi marks commencement of strategic partnership

Top performing airports in Saudi Arabia highlighted in GACA report

King Abdulaziz International Airport secured the top spot with a 91 percent compliance rate

Saudi Arabia’s Mawani introduces ‘GALEX’ shipping service at King Abdulaziz Port in Dammam

This service aims to strengthen the maritime connections between Saudi Arabia and East Asia

Saudi Arabia, Bahrain strengthen collaboration in transportation and road maintenance

The agreements seek knowledge sharing and the organization of training programs and seminars

Global air travel demand to rise 3 percent above 2019 levels this year: ICAO

Passenger traffic levels expected to surpass pre-pandemic figures by 2 percent in 2024

Saudi Arabia’s air traffic surpasses pre-pandemic levels in 2023 with 112 million passengers

Saudi Arabia attributes the surge in passenger traffic to the increasing prominence of low-cost carriers

Saudi Arabia’s airports excel in complaint resolution: GACA reports near-perfect performance in February

King Khalid International Airport topped international terminals with over 6 million passengers annually

Dubai Metro ticket vending machines upgraded, can now accept digital payments

The machines reduce transaction processing time by 40 percent

GCC, Türkiye to forge new path with free trade agreement negotiations

Trade between both parties rose to $31.4 billion in 2023, from $2.1 billion in 2022

UAE’s AD Ports Group acquires majority stake in Georgia’s Tbilisi Dry Port

AD Ports Group will initially invest AED61 million in the project

Saudi Arabia’s shipping services receive high marks on U.N. maritime connectivity index

The recent evaluation demonstrates a 30 percent increase since launch of Vision 2030 initiative in January 2016

Saudi Arabia’s Jeddah Islamic Port to establish $46.6 million integrated logistics zone

The new zone will boost port efficiency, improve commercial flow, and strengthen supply chains

Kenya becomes 9th country to access UAE’s Trade for Development platform

Access to platform to strengthen Kenya's economic development and trade expertise

Bahrain’s February exports soar by 17 percent to $891.57 million

Regarding imports, the value increased by 9 percent to $1.2 billion in February 2024

Oman’s $40 million projects, $49 million investment opportunities revealed

20 empowerment initiatives also launched to foster growth and vibrancy in the cultural and innovative industries

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