Logistics

Qatar reports $5.13 bn trade balance surplus in December 2023

Year-on-year decrease but a monthly increase in foreign merchandise trade

Suez Canal Authority reaffirms support for global shipping lines

Expands services to mitigate impact on maritime traffic

SAR launches Dream of the Desert train service in Saudi Arabia, first in MENA

$53 million deal with Italian Arsenale Group to introduce luxury train ride

Red Sea disturbances impact shipping, raise prices 

Shipping costs skyrocketed by 200 percent, projected to experience further rises

Trade volume between UAE, Hong Kong surpassed $16 billion in 2023

Hong Kong recognizes UAE as a major trading partner

Egypt’s SCZone inks 5 agreements worth $200 million

Supporting partnership between the public and private sectors

Air shipping demand surges as Red Sea disruptions persist

Retailers and manufacturers turn to air cargo amid rising shipping costs and delays

Saudia’s operational performance grows 21 percent in 2023

National flag carrier achieves significant growth through strategic enhancements and international expansion

SAR achieves 55% growth rate in passenger numbers in 2023

Number of passengers on Saudi Railways trains exceeded 11.2 million last year

Davos 2024: Dubai and Pakistan join forces to establish freight corridor, economic zone

DP World to enhance infrastructure at Qasim international container terminal

Qatari LNG resumes Red Sea shipments despite tensions

LNG ships navigating around the Cape of Good Hope to reach Europe

China’s exports drop as crude oil imports hit record highs

Imports of crude oil increased last year by 11 percent

Red Sea turmoil pushes shipping costs up by 250 percent

Shipping diversions and rising costs spell trouble for global trade

Etihad Airways reveals ambitious expansion plans for 2024

Strategic vision for expansion and sustainable growth

Door incident prompts expanded inspection of Boeing 737 MAX 9 aircraft

UAE says no national carriers affected by malfunction

Global sea freight prices soar to record highs in 2024

Prices surge by over 85 percent, signaling new challenges for global trade

Maersk suspends shipping through Red Sea and Suez Canal

Global shipping giants raise fears of economic disruption

Global food supplies and prices are in danger in 2024

El Niño phenomenon, export restrictions, and increased biofuel commitments

Half of Russia’s oil exports go to China and India in 2023

China oil export shares have risen to approximately 45 to 50 percent

PIF invests in aerospace engineering company, Saudia Technic

Investment supports 1 million square meter MRO village in Jeddah

IIF: GCC countries are straying away from U.S. dollar

Settlement of oil sales in currencies of Russia-friendly countries on the rise