Agility and DSV Panalpina, Danish transport and logistics firm, signed an agreement for the later to acquire Agility’s Global Integrated Logistics (GIL) platform. The combination is expected to create a top-three global freight forwarder based on revenues. The acquisition will be an all-share transaction and closing is expected in the third quarter of 2021. Agility will become the second largest shareholder in DSV with an approximate 8% stake in the combined company. Agility and DSV have reached an agreement that DSV will acquire Agility’s stand-alone GIL business in an all-share transaction. DSV will issue 19,304,348 shares, representing approximately 8.0% of…
Author: Jochebed Menon
Jochebed Menon
Jochebed Menon is the Editor of Logistics News Middle East. She covers issues related to the logistics and supply chain industries in the region. She’s been a journalist since 2012 and has primarily worked on B2B titles in travel, hospitality, aviation, and construction.
Abu Dhabi Maritime has announced the launch of a new digital service to streamline the management of Abu Dhabi’s slipways — ramps for moving boats and other watercrafts to and from the water — while also easing congestion at peak times. As the emirate’s dedicated authority of all its waterways and marine ecosystems, Abu Dhabi Maritime’s introduction of its online booking portal, publicly available at admaritime.ae, will allow users of pleasure boats and personal watercraft, such as jet skis, to easily locate and access key information on how public services are accessed and booked. Most importantly, the new fully interactive…
Egypt’s low-cost carrier Air Cairo has taken delivery of its first Airbus A320neo aircraft. The new aircraft will join Air Cairo’s all Airbus fleet of seven aircraft. The aircraft is on lease from ICBC Leasing and is equipped with CFM LEAP-1A engines. Air Cairo’s fleet expansion and modernisation strategy coincides with the airline’s decision to open more routes, fostering closer links with countries across continents. With improved levels of efficiency, the new aircraft will be deployed on Air Cairo’s regional and international network to serve countries across Europe, Africa, and the Middle East – demonstrating the operational flexibility of the…
Ajman Free Zone (AFZ) announced that it witnessed significant growth in the number of newly registered companies in 2020 with a total of 1,717 new companies. Based on the results of its operational performance, it increased by 23% compared to the year 2019. Offshore companies comprised 11% of the total number of new companies, reflecting the high level of confidence of the international business and investment community as well as the economic competitiveness of emirate of Ajman. The education sector came on top as the most active sector in terms of investment, with a growth of 26%. The operating performance…
The total value of trade between the GCC and Bahrain in the first quarter of 2021 touched USD1.76 billion, a rise of 6% compared to the same period last year, according to the latest figures released by Bahrain’s eGovernment and Information Authority. Accounting for more than a third of this figure, non-oil bilateral trade between the UAE and Bahrain in Q1 increased by 15% from Q1 2020 to USD639 million. Meanwhile, trade between Saudi and Bahrain accounted for 45% of the total Bahrain-GCC trade, at USD789 million. Trade between Oman and Bahrain increased by 27% to USD230 million in the…
Intralogistics expert Swisslog is set to host an around-the-world automation tour of some of its most prominent customer sites this year. Several big names are already billed as part of the World Automation Tour 2021 line-up, with further tour dates to be announced throughout the year. Each show will kick off with a meet and greet with a Swisslog logistics consultant and on-site engineer, who will be equipped to walk attendees around a live automated solution. Throughout each demo, participants will experience automation in action from a customer’s perspective, and get questions answered in real time. Whether the tour is…
The regional arm of international courier and package delivery company DHL Express MENA recently announced the expansion of its regional aviation fleet with the addition of seven new Boeing 767-300F freighters scheduled to be inducted starting this month and gradually during 2021. This marks another milestone in the logistic company’s efforts to enhance its regional aviation network with modern, cost effective and reliable aircraft, and improve its air capability to better support the region’s logistical demands while supporting its GoGreen 2050 Mission. The technologically advanced, energy-efficient jets, which will be based out of DHL’s regional aviation headquarters in Bahrain, have…
The newly launched eGrocery app Yeepeey is offering users the opportunity to shop from neighbourhood grocery stores, supermarkets, and hypermarkets from the comfort of their homes or offices by paying the same prices and enjoying the same promotions and discounts as displayed in the store. Yeepeey, was conceptualised in 2019 after Co-Founder Monish Chandiramani observed that he was spending extra money on groceries when shopping through the grocery apps available then as compared to in store shopping. The idea was to eliminate the mark-ups and reduce the service fees to a minimum or even free in some cases to give…
Operator of purpose-built economic zones in the UAE ZonesCorp has signed an agreement with Block 7 Investments, a joint venture between EFIRE Capital Holdings Limited of Abu Dhabi and Serba Dinamik Holdings Berhad of Malaysia, that will see the development of the Block 7 Innovation Hub in the heart of the Industrial City of Abu Dhabi (ICAD). The new development caters to key sectors like healthcare, computer science, robotics, mobility, renewable energy, and sustainable advance materials. Block 7 is designed to function as a breeding ground for innovation driven industries with ultra-modern infrastructure, robust services, and a unique setup that…
The World Tourism Organisation (UNWTO) and the International Air Transport Association (IATA) have announced a destination tracker in preparation for the restart of international travel. It is the result of both organisations joining efforts to boost confidence and accelerate recovery of the tourism sector when borders reopen. The UNWTO-IATA Destination Tracker is a new free online tool for governments to provide information on COVID-19 requirements for travel and the measures in place at the destination. The tool is available through the websites of both organisations and will provide information on: COVID-19 indicators including infection rates, positivity rates, and vaccination roll out by destination/country; air…