Sheikh Mohamed and Lula review UAE Brazil cooperation
ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan met Brazilian President Luiz Inacio Lula da Silva in Abu Dhabi on Tuesday, Feb. 24, to...
Tag : logistics
FedEx plans to separate freight division into independent company
FedEx Corporation announced on December 19 its plan to spin off FedEx Freight into a separate publicly traded company, aiming to establish the largest less-than-truckload...
DP World starts $1.2 billion port construction in Senegal’s Ndayane
DP World has commenced maritime construction on the $1.2 billion Port of Ndayane in Senegal, marking a pivotal step in establishing the country as a...
MENA witnesses $10.7 billion from 48 IPOs in 2023
The Middle East and North Africa (MENA) region experienced a remarkable surge in initial public offerings (IPOs) in 2023, with a total of 48 listings...
Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake
Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its logistics business to Flexport in...
First vessel from Khalifa Port arrives at Shuwaikh Port in Kuwait
Abu Dhabi Ports (AD Ports) Group has launched a new weekly container shipping service from Khalifa Port in the UAE to Shuwaikh Port in Kuwait...
In JV with SEG ENERA, AD Ports enters Uzbekistan logistics
The ADPORTS Group and SEG ENERA Group, one of the largest multisectoral holding companies in Uzbekistan, have formed ADL-Ulanish, which will provide end-to-end global logistics...