The Menzies board has backed the offer of 608 pence a share in cash after Agility subsidiary GIL International issued a formal proposal
Kuwait Agility
Latest in Kuwait Agility
Agility Public Warehousing
Kuwait’s Agility ups offer to buy UK’s John Menzies for $763m
UK airport ground-handling specialist says it is ready to accept takeover approach
Kuwait Agility
Dubai’s Swvl secures $35.5m pre-funding to accelerate growth plan
Mass transit solutions provider says it aims to expand to more than 30 cities in more than 20 countries by 2025
digital banking
Kuwaiti logistics giant Agility applies for licence to run digital bank
Senior executive confirms digital bank licence application in a statement carried by Dubai Financial Market
gcc logistics
Kuwait logistics major Agility seeks growth in emerging markets, new tech
CEO says sale of commercial logistics business to DSV Panalpina will give company more flexibility going forward
DSV Panalpina
Kuwait’s Agility agrees $4.1bn deal to sell freight forwarding business
Agility chief says DSV Panalpina deal is one of the largest private M&A deals made in the GCC to date
Dubai Financial Market
Tristar confirms withdrawal from planned IPO in Dubai
Logistics firm Tristar Transport says board and shareholders believe greater returns can be realised without IPO
Borhene Ben Mena
Video: Agility-backed delivery leader on the ways e-commerce is changing GCC logistics
Shipa Delivery, a leading provider of local and cross-border delivery services in the Middle East, is now offering same-day, next-day and on-demand delivery in five GCC countries, expanding from its original market in the UAE, to launch operations in Kuwait, Saudi Arabia, Bahrain and Oman.
Agility Public Warehousing
Build it and they will come: Kuwait’s Agility plans trans-Africa push
Agility is stepping up plans to develop so-called warehouse parks across Africa at a cost of about $200m each
Henadi Al-Saleh
Kuwait’s Agility invests $18m on green technologies
Kuwait-based logistics provider spends $18m in green supply chain technologies through its corporate venture arm Agility Ventures
Kuwait Agility
Kuwait’s Agility sees rise in Q2 profit despite ‘tough environment’
Kuwait-based logistics giant reports 7.7% increase in revenue during second quarter of 2019
Arab women
Revealed: Arab women’s GDP potential estimated at $2.7trn
World Economic Forum panel calls for measures to unlock the full potential of Arab women in the workforce
Kuwait Agility
Swiss freight firm says in talks with Kuwait’s Agility on possible tie-up
Panalpina Welttransport Holding says talks with Agility are at a preliminary stage
Bahrain Economic Development Board
Kuwait’s Agility opens new logistics hub in Bahrain
The new facility, which has storage capacity of 17,000 pallet positions, represents a $10m investment by Agility
Kuwait Agility
Kuwait’s Agility posts 12% jump in Q3 net profit
Logistics provider Agility says investments in technology and emerging markets infrastructure are paying off
Abraaj Group
Actis’ $1 bid for Abraaj fund unit preferred to Gulf offers
Investors in the Abraaj funds would prefer to see the assets sold to an international private equity firm as part of a liquidation of the company
Cargo traffic
Kuwait’s Agility posts 18% rise in Q2 net profit to $66m
Logistics provider Agility says it witnessed another quarter of volume and revenue growth despite margin pressure