The total value of the UAE’s Logistics and Distribution sectors have grown to Dh76.78 billion in 2017 and represent about…
Browsing: Logistics
Infor, a global leader in business cloud software specialized by industry, today announced that global trade enabler DP World, as…
Global trade enabler DP World today announces strong financial results for the year ended 31 December 2018. On a reported basis, revenue grew 19.8% and adjusted EBITDA increased 13.7% with adjusted EBITDA margin of 49.7%, delivering profit attributable to owners of the Company, before separately disclosed items, of $1,270 million, up 5.1%, and EPS of 153.0 US cents. On a like-for-like basis, revenue grew 4.2%, adjusted EBITDA increased by 6.6% with adjusted EBITDA margin of 54.1%, and earnings attributable to owners of the Company increased 7.6%.
Emirates SkyCargo is now the second largest air cargo operator in the world, operating a fleet of freighters to over 40 destinations across six continents, next to its 260 passenger aircraft moving passengers and cargo between 158 airports. In total the company carried 2.6 million tonnes of cargo in 2017/18.
UAE ranks first in the region and third globally, after China and India, for a fifth consecutive year, according to…
Sanofi, a global biopharmaceutical company focused on human health, inaugurated today its new logistics hub in the region at Dubai Logistics District in the presence of Dr Amin Hussain Al Amiri, Assistant Undersecretary for Public Health Policy and Licensing at the UAE Ministry of Health and Prevention.
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%.
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).
Lagardère Travel Retail has appointed GAC Dubai’s Contract Logistics team to handle a range of goods sold at Duty Free…
Saudi Airlines Cargo Company sponsored the Saudi International golf tournament as a formal logistics partner held in Saudi Arabia for the first time with the participation of world-class golfers, taking place in King Abdullah Economic City (KAEC) at the Royal Greens Golf & Country Club, from January 31st to February 3rd, Omar Talal Hariri Chief Executive Officer stated.