Javeria Aijaz, Managing Director of HITEK graces the cover of Construction Business News ME’s Novemeber 2024 issue
Author: Content Writer
FedEx’s FY 2024 impact includes USD 85 billion in direct global contributions and USD 280 million in indirect benefits to the Middle East, Indian Subcontinent and Africa region FedEx Corp. (NYSE: FDX) released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024). Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study underscores the ‘FedEx Effect’—the impact the company has on accelerating the flow of goods and ideas that generate economic growth globally, including…
A.P. Moller – Maersk (Maersk) continued its strong business performance in the third quarter. Maersk reported growth across its businesses and financial results significantly above those of the previous year, primarily driven by Ocean, while both Logistics & Services and Terminals also contributed through improved earnings. On the back of the strong quarter combined with robust container market demand and the continuation of the Red Sea situation, Maersk upgraded its guidance for 2024 on October 21st, now expecting full-year underlying EBIT of USD 5.2 to 5.7bn (previously USD 3.0 to 5.0). “This quarter, we once again supported our customers through…
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and INDU Kishore Logistics, broke ground on a new facility that will be built at Dubai South’s Logistics District. This development marks a significant milestone in the company’s expansion plan, supporting its ambition to evolve into a multi-industry logistics leader. The groundbreaking ceremony was attended by AbdulBasit AlMarzouqi, Deputy CEO of the Logistics District, Dubai South and Kishore Lakhani, Chairman INDU Group, in the presence of senior executives from both entities. The facility, spanning approximately 23,000 square meters and a storage capacity of 75,000 pallets, is…
Solution by Aramco, SIDF And Taulia aims to provide alternative and competitive source of financing for suppliers, reinforcing supply chain resilience Aramco, one of the world’s leading integrated energy and chemicals companies, and Taulia, a SAP company and leading FinTech provider of working capital management solutions — supported by the Saudi Industrial Development Fund (SIDF) as one of the key finance providers of the domestic industrial sector — have signed agreements to establish a supply chain financing solution. The entities are joining forces to establish one of the world’s largest supply chain financing programs, which aims to provide an alternative…
The new feature is an additional enhancement to Yango Maps’ robust navigation tools Yango Maps, the feature-rich app for seamless navigation, has introduced a new feature in Dubai that lets users see public buses and marine transport locations on the map in real time. Live public transportation icons now display the transport location at any given moment, saving the users’ time and making daily commutes more efficient. This has been made possible by RTA adopting an open data policy to provide precise data on public transport locations in real time through a smart system that monitors and continuously updates the…
Swisslog has successfully completed over 350 automation projects across 35 countries Swisslog, the global leader in innovative robotic, data-driven, and flexible automated solutions, is set to participate in Gulfood Manufacturing 2024, the region’s premier platform for exploring the future of food production through cutting-edge technologies and integrated supply chain solutions that are shaping the industry. From 5th to 7th November 2024, visitors will have the opportunity to learn how Swisslog’s innovative automation solutions are empowering food producers to stay ahead of evolving challenges in production, distribution, and retail. Visitors to the company’s booth can witness the power of automation with live…
Abdo Chlala, Country Manager at Amazon KSA, takes us on an in-depth look at the company’s operations and future ambitions E-Commerce Growth in Saudi Arabia Saudi Arabia is one of the largest and fastest-growing e-commerce markets in the region. Government data indicates that almost two out of three people in the Kingdom shop online today at leading sites such as Amazon.sa. There are a number of factors that contribute to the growth of the country’s online retail sector. At 99%, Saudi Arabia has one of highest internet penetration rates in the world, making online shopping more accessible to customers. This…
GE Aerospace announced a 10-year, multi-million-dollar services agreement with Emirates supporting the electrical load management system on its Boeing 777 fleet. The agreement is supported by GE Aerospace in Cheltenham, UK. The airline is the world’s largest B777 operator with a fleet of 143 aircraft. Electrical load management systems help aircraft operate more safely and efficiently through enhanced management and distribution of electrical power throughout the aircraft. Ahmed Safa, Emirates’ Head of Engineering & MRO said: “Improving operational reliability and aircraft availability, maximizing efficiency, and enhancing safety have always been at the heart of how we support our fleet, and…
DHL Supply Chain uses Boston Consulting Group’s expertise to lead in GenAI innovation DHL Supply Chain has launched a significant venture into Generative AI, developed with the support of Boston Consulting Group (BCG). DHL is deploying a suite of innovative AI applications at scale to enhance its data management and analytics capabilities, aiming to improve the provision of insights and directly unlock greater value for customers. This strategic initiative marks a pivotal step in DHL Supply Chain’s wider efforts to harness the potential of AI and to improve customer experience. DHL Supply Chain’s first key Gen AI application is a…