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Qatar reports $5.13 bn trade balance surplus in December 2023
Year-on-year decrease but a monthly increase in foreign merchandise trade
Egypt
Suez Canal Authority reaffirms support for global shipping lines
Expands services to mitigate impact on maritime traffic
Logistics
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
Logistics
Red Sea disturbances impact shipping, raise prices
Shipping costs skyrocketed by 200 percent, projected to experience further rises
Logistics
Trade volume between UAE, Hong Kong surpassed $16 billion in 2023
Hong Kong recognizes UAE as a major trading partner
Egypt
Egypt’s SCZone inks 5 agreements worth $200 million
Supporting partnership between the public and private sectors
Logistics
Air shipping demand surges as Red Sea disruptions persist
Retailers and manufacturers turn to air cargo amid rising shipping costs and delays
Logistics
Saudia’s operational performance grows 21 percent in 2023
National flag carrier achieves significant growth through strategic enhancements and international expansion
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SAR achieves 55% growth rate in passenger numbers in 2023
Number of passengers on Saudi Railways trains exceeded 11.2 million last year
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Davos 2024: Dubai and Pakistan join forces to establish freight corridor, economic zone
DP World to enhance infrastructure at Qasim international container terminal
Logistics
Qatari LNG resumes Red Sea shipments despite tensions
LNG ships navigating around the Cape of Good Hope to reach Europe
Logistics
China’s exports drop as crude oil imports hit record highs
Imports of crude oil increased last year by 11 percent
Logistics
Red Sea turmoil pushes shipping costs up by 250 percent
Shipping diversions and rising costs spell trouble for global trade
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Etihad Airways reveals ambitious expansion plans for 2024
Strategic vision for expansion and sustainable growth
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Door incident prompts expanded inspection of Boeing 737 MAX 9 aircraft
UAE says no national carriers affected by malfunction
Logistics
Global sea freight prices soar to record highs in 2024
Prices surge by over 85 percent, signaling new challenges for global trade
Logistics
Maersk suspends shipping through Red Sea and Suez Canal
Global shipping giants raise fears of economic disruption
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flynas flies over 11 million passengers in 2023, up 28 percent
Airline achieves record growth, expands fleet
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Global food supplies and prices are in danger in 2024
El Niño phenomenon, export restrictions, and increased biofuel commitments
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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
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Saudi Arabia posts SAR30 billion trade surplus in October
Oil exports recoded an 18.3 percent decline
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PIF invests in aerospace engineering company, Saudia Technic
Investment supports 1 million square meter MRO village in Jeddah
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IIF: GCC countries are straying away from U.S. dollar
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Logistics
Unwavering government support to propel Saudi Arabia’s aviation sector towards global leadership by 2030
Kingdom is building an attractive hub for business and tourism
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