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Rakiza closes its first infrastructure fund at $1bnRakiza, an infrastructure fund investing in Oman and Saudi Arabia, which is co-managed by Oman Infrastructure Investment Management (OIM) and Equitix, has reached the target of its first fund at over $1 billion. It has already deployed 25% of capi More… |
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Saudi's King Abdulaziz Port sets new container handling recordKing Abdulaziz Port in Dammam has logged in yet another milestone by handling 18,553 TEUs on a single vessel, thus making it the highest throughput ever recorded across Saudi ports, reported SPA. Beating the previous record of 18,021 TEUs set in Q2, t More… |
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Gulftainer wins safety award from the British Safety CouncilGulftainer, one of the world’s leading privately owned, independent port management and logistics companies, has won an International Safety Award from the British Safety Council. This is in recognition of its commitment to keeping its workers and workplaces healthy and safe during 2022 More… |
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Nakilat and HSD Engine sign long-term engine services contractQatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service deal for the provision of spares and maintenance necessary to maintain the reliability of engines on board Nakilat’s wholly owned LNG vessels. This agreement will More… |
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Amazon opens new fulfillment centre in Dubai SouthAmazon has opened its latest fulfillment centre in the UAE, increasing its total storage capacity in the country by 70%. The facility is located in Dubai South’s Logistics District, enabling efficient services, speed, operations, and uninterrupted More… |
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First phase of $4.7bn Iraq port to be ready in 2025Iraq has announced that steady progress is being made on the first phase of the sprawling Al Faw Grand Port located in the country's south and the work will be competed in 2025, said a report. South Korea’s Daewoo E&C is building the port&r More… |
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DMCC awards $49,011 to three purpose-driven SMEsDubai Multi Commodities Centre (DMCC) and Companies Creating Change (C3) have awarded AED180,000 ($49,011) in cash prizes to the three winners of the ‘DMCC Impact Scale-Up Programme Powered by C3’. The winners were Grocedy, EatCloud and Chefa More… |
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FedEx launches key services in Saudi Arabia to help SMEsFedEx Express, the world’s largest express transportation firm, has launched FedEx International Economy and FedEx International Economy Freight services in Saudi Arabia to help SMEs expand their global reach cost effectively. FedEx International E More… |
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New approaches can support KSA’s sustainability goals: ADLSaudi Arabia's industrial sector, which accounts for around 46% of the country’s total emissions, must choose sustainable inputs and adopt refined manufacturing processes to reduce industrial emissions by 65% by 2050, says a report. Besides, the sect More… |
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Abu Dhabi launches app for safe maritime navigationAbu Dhabi’s Department of Municipalities and Transport (DMT) has announced the launch of the Al Nalia application for smartphones providing access to Abu Dhabi's maritime safety maps. Developed in collaboration with Abu Dhabi Maritime and Maqta Gateway, both of which ar More… |
