Logistics

Saudi Arabia, Estonia sign MoU to advance transportation technologies

The deal seeks to harmonize policies and legislation, and facilitate expertise exchange to address transport and logistics challenges

Qatar, U.S. trade exchange rises to $6.47 billion in 2023

Qatar, U.S. seek to enhance cooperation in the commercial, investment and industrial sectors

Red Sea disruption could cut Asia-Europe capacity by 15-20 percent in Q2: Maersk

Maersk anticipates shipping disruptions to persist at least until the end of the year

China’s Xinxing Ductile to invest $400 million in Egypt within 5 years

In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory

South Korea’s terms of trade extend positive 10-month streak, surge 5.9 percent in March

South Korea's trade surplus increased to $4.28 billion in March

UAE, Ukraine finalize CEPA terms to increase non-oil foreign trade

Non-oil trade between the UAE and Ukraine amounted to $385.8 million in 2023

Abu Dhabi signs MoU with Chile to boost trade, investment

The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more

DRIFTx: Abu Dhabi, U.S. Joby partner to build electric air taxi ecosystem

The MoU signed seeks to establish Joby's air taxi services in Abu Dhabi and beyond

Boeing reports first revenue decline in 7 quarters as production drops

Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023

UAE’s AD Ports secures 20-year agreement to operate, upgrade Angola’s Luanda terminal

AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola

Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent

SCZONE inked 14 agreements with major Chinese companies to boost investment

Japan faces third consecutive trade deficit amid rising import costs, weak yen

Exports to China declined slightly on an annual basis, marking the first decrease in four years

Egypt’s Q1 merchandise exports surge 5.3 percent to $9.6 billion

During this period, Türkiye was the top importer of Egyptian merchandise exports, with imports worth $874 million

China’s land-sea trade corridor transports $8.9 billion in TEUs in 2023

Corridor's reach extends to 490 ports across 120 countries and regions

Boeing CEO Dave Calhoun to step down by year-end amid 737 Max crisis

Boeing stock rises more than 3 percent in premarket trading following announcement

Global air travel demand to rise 3 percent above 2019 levels this year: ICAO

Passenger traffic levels expected to surpass pre-pandemic figures by 2 percent in 2024

Global supply chains signal recovery for first time in nearly a year: Report

GEP Global Supply Chain Volatility Index rises to highest in 10 months in February

Red Sea disturbances impact shipping, raise prices 

Shipping costs skyrocketed by 200 percent, projected to experience further rises

Air shipping demand surges as Red Sea disruptions persist

Retailers and manufacturers turn to air cargo amid rising shipping costs and delays

China’s exports drop as crude oil imports hit record highs

Imports of crude oil increased last year by 11 percent

Red Sea turmoil pushes shipping costs up by 250 percent

Shipping diversions and rising costs spell trouble for global trade

Door incident prompts expanded inspection of Boeing 737 MAX 9 aircraft

UAE says no national carriers affected by malfunction