The move will help Aramex access 7,000 points of sales across Iraq, and facilitate smoother logistics operations in more than 15 cities
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Aramex
Dubai’s Aramex announces cargo drones under new deal with Dronamics
This partnership aims to leverage Dronamics’ drone technology and Aramex’s fleet management capabilities to enable same-day middle-mile and long-range deliveries
Abu Dhabi
ADNOC L&S jack-up barges fleet grows to 39 with new purchases
Eight additional JUBs, purchased through its subsidiary Zakher Marine International, make it one of the largest offshore fleets in the GCC region
cargo operations
DP World’s spectacular performance and fiscal policies earns Moody’s upgrade
The credit rating agency praises DP World’s diversified global operations and how it reduced net debt to EBITDA below 4.0x
DP World
DP World adds new trade routes to open global markets, ease supply chain congestion
New routes opened this year include connections between India, Middle East, Africa, and new connections between Latin America, Europe and Asia
cargo operations
Saudi ports posts 14 percent jump in cargo handling to reach 212 million tonnes during Jan-August 2022
Passenger traffic during the period was up by 42.85 percent to reach 610,060 passengers
container terminal
Dubai’s DP World growth way ahead of industry at 3.5 percent in second quarter
Chairman Sultan Ahmed Bin Sulayem maintains a positive outlook for the second half of the year despite uncertain economic conditions
Abu Dhabi
Abu Dhabi Ports buys $140 million majority stake in Egyptian logistics firm in first international acquisition
Egypt is a crucial part of the company’s strategy for international expansion, an official said
Abu Dhabi Investment Authority
Abu Dhabi fund, GIP to buy $7.4 billion German railcar lessor VTG
ADIA is one of the world’s biggest sovereign wealth funds, which invests on behalf of the Abu Dhabi government
Alsulaiman Group
Leading logistics platform Cartlow secures funding for regional expansion
The series A round was led by its strategic partner AlSulaiman Group, a Saudi Arabia based group with investments in omni-channel retail, logistics, and e-commerce
customer experience
Metaverse to help DP World offer immersive shopping, virtual training, reduce costs
DP World’s new metaverse – DPMETAWORLD – will go beyond social networks and entertainment to include education, trade, and government services
Digitisation
Four ways GCC nations can pivot from playing catch-up to being titans in the global logistics industry
Countries in the GCC region have fallen behind their global peers because of three major factors: the lack of modern and integrated infrastructure, insufficient service quality, and legacy processes, according to a Strategy& Middle East report
acquisitions
“Uncertain macro environment” contributes to softened volume growth for DP World in Q1 2022
DP World’s gross container volumes increased by 1.7 percent year-on-year on a reported basis and up 1.9 percent on a like-for-like basis
awards ceremony
ITP Media Group’s Logistics Middle East Awards takes the industry by storm
The awards honoured 15 winners and highly commended entries across various industry segments, from 3PL to last-mile, equipment supply, technology, and express logistics, among others
Agility
Kuwait’s Agility reports 503.7% year-on-year growth for Q2
Logistics giant also announced half yearly profits of $170.1m, up 215.9% over same period last year
Aramex
Dubai-based Aramex CEO resigns after 28 years of service
Bashar Obeid will continue in his role until a successor is announced and will remain as an advisor to the company
Aramex
Dubai’s Aramex to appeal after losing $40m lawsuit over Morocco warehouse fire
Logistics major says it reserves the right to explore ‘all available legitimate options’ to deal with the lawsuit