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The move will give a boost to Leth’s plans to expand internationally.
Author Archives: enterpriseam
Posted inPURCHASING
Saudi Arabia’s non-oil private sector activity stayed flat m-o-m at 57.5 in December
Saudi Arabia’s non-oil activity maintains growth in December: Saudi Arabia’s headline Purchasing Managers’ Index (PMI) remained unchanged from November at 57.5 last month on the back of a surge in new orders, according to Riyadh Bank Saudi Arabia’s PMI (pdf). The rally in demand edged firms to adopt bolder pricing strategies and boosted firms’ purchasing. […]
Posted inDIPLOMACY
Jordan and UAE look to deepen trade and investment cooperation
Jordan + UAE discuss bolstering trade ties:Jordan’s Prime Minister Bisher Khasawneh met with the UAE’s Foreign Trade Minister Thani bin Ahmed Al Zeyoudi to discuss enhancing trade and investment cooperation between the two countries, Jordan News Agency (Petra) reports. The ministers also discussed the upcoming 13th World Trade Ministerial Conference of the World Trade Organization, […]
Posted inKUDOS
Mawani pushes the KSA’s logistics efficiency index up by 17 spots
The kingdom now reached the 38th position out of 160 countries
Posted inLOGISTICS IN THE NEWS
The Panama canal is still facing drought issues
The Panama Canal is still parched, and the solution could costs bns and take years: The drought plaguing the Panama Canal is causing the Panama Canal Authority to weigh potential options including the creation of an artificial lake or cloud seeding, Bloomberg reports. The drought has caused the authority to place a cap of 24 […]
Posted inALSO ON OUR RADAR
Abu Dhabi Customs rolls out new high tech scanners in Al Ain
CUSTOMS- Abu Dhabi Customs has upgraded land customs centers at Al Ain with advanced inspection devices, supported by artificial intelligence and rapid non-stop scanning technologies,according to a statement. The project saw Khatm Al Shiklah and Mezyad customs centers equipped with 7 advanced X–ray scanners and 2 control rooms. The new devices can scan 100 trucks, […]
Posted inAROUND THE WORLD
Data center provider AdaniConnex seeks USD 400 mn loan for growth plans + Somalia snubs Ethiopia-Somaliland port agreement
Adani Group JV eyeing a USD 400 mn loan:Data center provider AdaniConnex, a joint venture between Indian conglomerate Adani Group and global data center provider Edgeconnex, is in talks with global lenders to raise up to USD 400 mn via an offshore loan, Bloomberg reports, citing people with knowledge of the matter. The loan — […]
Posted inCALENDAR
JANUARY9-11 January (Tuesday- Thursday): Dubai International Pharma and Technologies Conference and Exhibition, Dubai World Trade Centre, UAE.12-14 (Friday-Sunday): 2024 5th International Conference on Supply Chain Management (ICSCM2024), Singapore.23-25 January (Tuesday-Thursday): Transport Middle East 2024, Intercontinental Abu Dhabi, UAE.FEBRUARY5-7 February (Monday-Wednesday): Middle East Bunkering Convention 2024, DoubleTree Hilton, Dubai, UAE.6-7 February (Tuesday-Wednesday): The Middle East ProcureTech […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Maersk’s Red Sea traffic grinds to a halt in response to weekend Houthi attacks
Good morning, ladies and gentlemen. The news cycle continues to keep up a brisk pace in the first week of 2024, with updates from around the region and beyond. THE BIG LOGISTICS STORY- Danish shipping giant Maersk will continue to reroute traffic away from the Red Sea. The decision follows a 48-hour hold by the […]