Author: Aya Zhang

Agility Global PLC, a multi-business owner and operator and long-term investor in global and regional businesses, today reported Q3 2024 earnings of $37.1 million, or 0.36 cents per share. EBIT grew 36% to $104.6 million, and revenue increased 16% to $1.2 billion. (Note that figures for the comparable period are carved-out financials).  For the first nine months of 2024, earnings stood at $97.4 million, or 1.14 cents per share. EBIT grew 46% to $292.7 million, and revenue increased 13% to $3.3 billion. “Agility Global maintains the healthy growth momentum seen since the beginning of the year.  Our controlled businesses delivered double-digit…

Logistics News ME’s November issue highlights key technological advancements revolutionising the logistics industry in the Middle East In an exciting venture between CEVA Logistics and Almajdouie, Bassel El Dabbagh, CEO of CEVA AlMajdouie Logistics, discusses this new partnership, focusing on technology, sustainability, and innovation. Additionally, in an exclusive interview, Shadab Ahmad, SVP of Fulfilment & Logistics at noon, shares the company’s top strategies in the fiercely competitive last-mile delivery market. Our issue also features in-depth tech stories, starting with Vinay Sharma, Chief Information Officer at Gulftainer, who delves into the company’s top technological advancements. Following that, Sabina Mirza-Akhmedova, CEO of…

Cityscape Global, the world’s largest real estate event, will open its doors tomorrow at the Riyadh Exhibition & Convention Centre, Malham, with an expanded focus on driving business-to-business (B2B) transactions. Running from 11-14 November, this year’s Cityscape Global grows to add on two new halls over 45,000 sqm, features various new segments, more than 150 hours of content, 500 experts sharing ‘Future of Living’ insights, and 400 exhibitors.  The event is Sponsored by the Ministry of Municipalities and Housing (MOMAH) in partnership with Real Estate General Authority (REGA), Vision 2030, Housing Program, Organized by Tahaluf. Cityscape Global 2024 supporting Foundation…

Seclore, the leading provider of data-centric security solutions, today announced the extension of its Seclore Enterprise Digital Rights Management (EDRM) capabilities to support neutral or interoperable computer-aided design (CAD) files for industries that create, manage, and share intellectual property (IP). The support for neutral CAD files creates better visibility for manufacturers with compliance reporting and auditing needs. The Seclore Data-Centric Security Platform brings granular security and control to industries like automotive, healthcare, aerospace, energy, pharmaceutical, and others, which have historically lacked adequate data protection for CAD files. These new capabilities deploy easily with no need for professional services and help…

The Department of Municipalities and Transport (DMT) has announced the implementation of new guidelines for construction signboards in Abu Dhabi. Effective from October 2024, these measures aim to improve the accessibility and integrity of ongoing developments across the emirate. Under these regulations, traditional signs displaying key details—such as the project’s name, construction firm, along with estimated start and completion dates—must be replaced with a QR code. When scanned, it provides the public as well as inspectors and regulatory stakeholders with live updates and comprehensive specifications about the development, covering its location, number, type, and an overview of the permit for…

Saudia Cargo aims to drive growth, expand its global network, and support Saudi Vision 2030’s logistics goals Saudia Cargo, a leader in global air cargo transportation and a member of the biggest air cargo alliance, SkyTeam Cargo with its global reach, is pleased to announce the appointment of Eng. Loay Mashabi as its new Chief Executive Officer and Managing Director, effective January 1, 2025.  Eng. Mashabi succeeds Teddy Zebitz as CEO, who has led Saudia Cargo to record success, driving innovation and solidifying its leading position, Zebitz will continue to serve as a member of the Board of Directors “During…

Javeria Aijaz, Managing Director of HITEK graces the cover of Construction Business News ME’s Novemeber 2024 issue

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…