Logistics

Investcorp leads $51 mn pre-IPO round in a logistics transportation firm

As part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP

Salik’s IPO starts September 13th, to sell 20% shares

The Dubai government will retain 80% following IPO

The world faces a double threat: food insecurity and debt distress

About 35 countries are experiencing a major food crisis

Famed tea brand triggers emergency complaint in Egypt

Demands to provide dollars to ensure tea imports

Amazon Web Services launches second region in the UAE

Greater choices to serve end users from data centers in the UAE

Is there a future for dark kitchens?

Restaurant-to-home delivery industry will be a $500 bln market globally

You can now add climate to global supply chain disruptions

Drought, flooding make water crossings impossible to navigate

Saudi’s non-oil exports hit SAR 30.1 bln in June

Oil exports jumped to SAR 117.7 bln, up from SAR 60.6 bln in 2021

Kuwait Agility’s Q2 net profit plunges to $52 mn

Drop attributed to inclusion of results of discontinued operations

Top 10 wheat producing countries in the world in 2024

Ukraine ranks last in the list of top 10 wheat-producing countries globally

Wheat shipments start next week and insurance companies await

There is uncertainty about how quickly any new crop can be harvested

Saudi, Qatar open Salwa crossing to accommodate World Cup fans

Protocols for entry of football fans to be proposed during sporting event

Egypt’s Suez Canal establishes EG 2-billion independent fund

To confront crises and emergencies in the country

Kuwait’s HEISCO awarded $296 mn government contract

Project involve developing steam turbines at Al-Subiya power plant

UAE: Amazon Prime Members saved the biggest this year

Over 300 mn items were purchased by Prime members worldwide

Lebanon leaning to lift wheat subsidies amid severe loaf crisis

Approval of $150 million World Bank wheat supplies loan agreement  

Saudi achieves largest monthly trade balance surplus in 6 years

Non-oil exports increased by 27% to $7.4 billion

UAE to launch first quick commerce startup next month 

The platform aims to provide a highly personalized shopping experience