Thanks to its power-efficient e-drive system that offers industry-leading runtime for full day productivity and cleaner operation, the new Genie GS -1330m electric scissor lift provides rental and contractor customers the means of differentiating their business by adding more eco-responsible machines to their fleets. With environmental challenges in mind, this new “micro-sized” model responds to worldwide demand for productive, “green”, compact, low-level access solutions adapted to space and weight-restricted applications.
Author: Kasun Illankoon
Saudi Airlines Cargo Company has signed a joint agreement with King Abdullah Port, at King Abdullah Economic City, 90 kilometers north of Jeddah, to enhance collaboration opportunities & establish a secure logistical operations zone.
The agreement, which comes shortly after inaugurating King Abdullah Port will establish an Air-Sea-Air cargo corridor with the surrounding airports to ensure the smooth flow of cargo to the port and re-export it by the air in line with the Saudi Vision 2030 aiming to turn the Kingdom into an international logistics hub.
Marking its biggest investment ever in a single order, Swedish aerial work platform and mast climber rental company Kranpunkten AB received delivery of 170 Genie® mobile elevating work platforms (MEWPs) in January. This first batch comes as part of a total investment in 400 machines that are scheduled for delivery in 2019.
Agility, a leading global logistics provider, today reported 2018 net profit of KD 81.1 million, or 56.06 fils per share, an increase of 18.4% from 2017. Revenue for the year reached KD 1,550.2 million, and EBITDA was KD 154.8 million, increases of 10.2% and 14.5%, respectively.
For the fourth quarter 2018, Agility reported a net profit of KD 22.2 million, or 15.35 fils per share, an increase of 15.1% over Q4 2017. EBITDA for Q4 2018 was KD 40.8 million, an increase of 8.4%.
Union Properties, the UAE real estate developer with a 30-year track record of delivering iconic residential developments, reported a net profit of AED62.33 million for 2018, marking a 19% increase in the company’s annual income over 2017, when the company registered a loss of AED2,375 million. Meanwhile, shareholder equity surged by AED452 million compared to 2017.
Bluewaters Residences by Meraas has officially commenced the handover of its first completed units and welcomed its first residents to their new homes in the elegant mid-rise towers.
Axalta announced today that it will be the headline partner for IBIS Middle East, the collision repair industry’s leading networking platform for vehicle manufacturers, insurers, suppliers and bodyshops.
Themed with ‘Strategic Sustainability’, IBIS Middle East 2019 will be held in Dubai on 13th of March 2019. It will gather representatives from more than 30 countries around the world and will bring together the latest trends and a world class agenda where delegates can learn from some of the industry’s most engaging thought leaders.
Logistics News ME talked to Mr. Samer Sayegh, Managing Director of National Paints about the company’s supply of marine paints and protective coatings National Paints was established in 1969 and has since striven to provide products that help make people’s lives more vibrant and colorful. Founded in Amman, Jordan; the company has continuously moved forward by capitalizing on all growth opportunities and improving operating efficiency in order to expand their presence on the world stage and strengthen their product portfolio. One of the major companies under the Sayegh Group, National Paints has garnered a reputation for producing and distributing high-quality…
More start-ups are investing in the UAE’s logistics market to meet the increasing demand created by the rapid rise in e-commerce service providers across the GCC, according to industry specialists.
“The UAE’s logistics sector is gaining momentum as more and more start-ups are opening their shops and offering the latest solutions and services, tracking shipments on a real-time basis, beating turnaround time for deliveries and consistently racing to acquire smarter technology,” said Shailesh Dash, Chairman of Gulf Pinnacle Logistics (GPL).
Sobha Realty, the leading premium real estate developer, has announced the handover of the phase one of Hartland Greens apartments, located in its iconic Sobha Hartland development in Mohammed Bin Rashid Al Maktoum (MBR) city.
The company welcomed the first residents who moved into the community with a special housewarming event, attended by over 150 guests. This included open-air barbecue, live cooking stations, live music and children activities.