General Tire has launched its new summer tyre ranges – Altimax One and Altimax One S – which will arrive in the Middle East in the second quarter of 2019. General Tire, a brand of the premium German tyre and automotive technology company, Continental, has applied its ‘anywhere is possible’ know-how to offer motorists a tyre designed to provide them with total confidence as well as an enjoyable and safe driving experience in varied weather conditions.
The 11th meeting of the Dubai Free Zones Council (DFZ Council), headed by His Highness Sheikh Ahmed bin Saeed Al…
Saudi Airlines Cargo Company won two distinguished awards at Air Cargo Africa 2019, held from 19-21 Feb. The two awards…
The Dubai Maritime City Authority (DMCA) will join its fellow elite local, regional, and international entities at Dubai International Boat Show 2019, which will be held from February 26 to March 2, 2019 at Dubai Water Channel. Its attendance will form part of its ongoing efforts to connect with local and international maritime cluster leaders to actively engage in the sharing of the best industry practices and sustain the discussions on the latest maritime innovations. Tasked to build a secure and sustainable maritime sector in Dubai, one of the world’s most competitive, comprehensive, and attractive maritime capitals.
DP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for…
2019 is set to be a promising year for the premium German tyre and technology company, Continental, with the opening…
HRH Prince Mohammed bin Salman, Crown Prince, Vice President of the Council of Ministers and Minister of Defense, officially inaugurated King Abdullah Port on Monday, 11 February 2019, during a visit to King Abdullah Economic City (KAEC). The visit came during a series of internal tours of projects located in the Kingdom’s provinces.
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.
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).