Cargo & Logistics Industry News
Danish freight forwarder DSV Panalpina DSV.CO said on Tuesday it had agreed to acquire the logistics division of Kuwait’s Agility Public Warehousing Co AGLT.KW in an all-share deal worth $4.1 billion.
Agility’s logistics unit had revenue of $4 billion last year, 80% of which…Read more
Egypt is the latest country in the MENA region to announce that it is reopening airports to resume regular commercial flights, which will increase air freight capacity across the market.
Source: Logistics Middle East
The Sultanate of Oman has been operating services to over 85 sea ports at a capacity of 200 weekly shipping services to more than 40 countries worldwide.
Source: Logistics Middle East
The International Air Transport Association (IATA) says, due to the ongoing Coronavirus crisis there has been a drop in manufacturing and exports from China which will affect the demand for cargo in the Middle East.
Source: Gulf Times
The G20 member states and allied countries vowed to necessary steps to ensure uninterrupted flow of essential goods such as medical supplies to combat coronavirus.
Source: Saudi Gazette
Source: LogisticsMiddleEast
In the wake of the global coronavirus pandemic, the Dubai Free Zone Council has waived 6 months rent for Companies operating in Dubai Airport Free Zone. This relief package aims to reduce operating costs and boost liquidity for companies operating in Dubai’s various free zones.
Source: Logistics Middle East
In the wake of the global coronavirus pandemic, the Dubai Free Zone Council has waived 6 months rent for Companies operating in Dubai Airport Free Zone. This relief package aims to reduce operating costs and boost liquidity for companies operating in Dubai’s various free zones.
Source: Logistics Middle East
A Saudi Arabia based retailer, BinDawood has seen a surge of 200% since the coronavirus outbreak. The firm’s representative said all their retail outlets in Saudi Arabia will remain open and tough measures of sanitization are being followed to keep the customers and staff safe.
Source: Arab News
Bahrain’s Gulf Air has airlifted food consignment from India to assist in the Kingdom’s national food security. The consignment was received by LuLu Hypermarket, a leading chain in the Middle East.
Source: Logistics Middle East
Emirates SkyCargo is scaling up its operations and a fleet of 11 freighters are working tirelessly to transport cargo across the global amid the Covid-19 outbreak.
Source: Logistics Middle East
Source: ArabianBusiness
Emirates SkyCargo is scaling up its operations and a fleet of 11 freighters are working tirelessly to transport cargo across the global amid the Covid-19 outbreak.
Source: Logistics Middle East