Author: Jochebed Menon

Saudia Cargo and eBooking platform cargo.one entered into a distribution agreement to provide customers with unparalleled digital booking experience. Freight forwarders will be able to book Saudia Cargo’s real-time quotes on cargo.one within a matter of seconds and with instant confirmation. “Saudia Cargo’s objective is to always deliver a premium customer experience. We are convinced that cargo.one is the ideal partner to perfect our digital service offer,” Omar Hariri, CEO, stated. “It is rapidly growing its fleet and digital transformation is key to its mission to become the region’s leading freight and logistics hub. “We will be offering customers a…

Emirates Central Cooling Systems Corporation (Empower) has awarded contracts worth Dhs217 million in the first quarter of 2021 for various activities, WAM reported. The contracts were awarded majorly for the development of company’s district cooling infrastructure in Dubai, including the expansion of pipeline network, setting up semi-permanent plant rooms, establishing thermal energy storage systems, energy transfer stations and others. With awarding the new contracts, Empower increases its operational efficiency and capacity, widens its service network in Dubai and reaching more clients. Further expansion of its existing distribution network in Dubai for district cooling services, which has a total length of…

Pallet and container pooling services firm and a sustainable logistics business CHEP has unveiled its 2025 global sustainability goals, a roadmap for building regenerative supply chains that help repair damage to the planet. “We believe the time has come to transform how the world moves products to people,” said Megeshni Archary, Country General Manager at CHEP MENA. “We’ll be the company delivering the supply chains the world needs for the future.” Archary said that pioneering regenerative supply chains meant breaking the link between consumption and harm to the environment and society, to restore, replenish and create more value for society…

Airbus has taken the next step in reducing its industrial carbon footprint with the maiden flight of a Beluga super-transporter using sustainable aviation fuel (SAF) from the aerospace company’s Broughton plant in the UK. The north Wales line station, which uses the Beluga fleet to transport aircraft wings to Toulouse, Hamburg, and Bremen, becomes the second Airbus European site to use SAF, after Hamburg introduced the fuel to its cargo activities at the end of 2019. “This first flight by a Beluga transporter from Broughton, partially fuelled with SAF, marks an important milestone in Airbus’ ambition to decarbonise its industrial…

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight. The VLCC fleet expansion plays a significant role in supporting ICE Murban Futures, which is expected to boost trading of the UAE’s flagship Murban crude oil, enabling it to reach new customers and markets around the globe. The launch of Murban Futures contracts will also allow ADNOC L&S to further improve its vessel capacity utilization in…

Asset management and investment banking platform SHUAA Capital announced the promotion of two of its senior executives. Ajit Joshi, Head of Public and Private Markets, has been promoted to Managing Director taking on additional responsibility for managing SHUAA’s technology investments. Natasha Hannoun has been promoted to Head of Debt, with a focus to expand SHUAA’s existing alternative finance platform across senior and mezzanine direct lending, distressed and non-performing loans, acquisition finance and venture debt. Both Ajit and Natasha report directly to Jassim Alseddiqi, Group CEO of SHUAA Capital. Commenting on the promotions, Jassim Alseddiqi, Group CEO of SHUAA Capital, said:…

World Free Zones Organisation (World FZO) has announced the launch of the ‘Free Zone Laboratory’ to feature an array of advisory services which will help develop the operations of free zones and enable them to boost their contribution to the global economy. Dr. Mohammed Al Zarooni, Chairman of World FZO, said: “The fast-evolving global market environment demands that economies need to be more resilient and highly competitive to succeed amidst challenges. “Free zones are a key pillar to the growth of national economies, which is why it is important that we continue to harness their strength and enable them to…

The value of Dubai Chamber member exports and re-exports increased by nearly 24% to reach Dhs22.1 billion in March 2021, compared to the same month last year, the organisation has revealed. During the first quarter of 2021, the value of member exports and re-exports grew by 6.5% year-over-year to reach Dhs54.8 billion, reflecting growing momentum and increased trade activity in Dubai. A total of 166,759 certificates of origin were issued by the Chamber during the first quarter of this year and March saw a high of 62,235 certificates, reflecting signs of a recovery of the trade sector and enhanced economic…

Fakeeh University Hospital and DP World entered a strategic partnership that will see the latter oversee and be responsible for logistical and supply chain requirements of the hospital. This means pharmaceutical (including cold chain) storage and delivery, and any current and future needs pertaining to warehouse management, surgical consumables, and other hospital utilities will be provided by DP World. This is the first-ever tie-up of DP World with a hospital. A Memorandum of Understanding (MoU) was signed by Dr. Fatih Mehmet Gul, CEO, Fakeeh University Hospital, and Abdulla Bin Damithan, Chief Commercial Officer, DP World, UAE Region. “To ensure that…

Wizz Air Abu Dhabi, the joint venture between state-owned ADQ and Wizz Air Holdings announced three new routes connecting Abu Dhabi to Belgrade, Sohag and Luxor, WAM reported. Kees Van Schaick, Managing Director of Wizz Air Abu Dhabi, said: “Today’s announcement underpins our long-term commitment to providing low fares and high-quality onboard experiences to our customers. “The new connection between the capital of the UAE and these three new cities within Europe and the Middle East will continue to stimulate air traffic demand and support the growth of Abu Dhabi’s tourism sector and economic agenda. We look forward to welcoming…