Global Trade
Middle East Cargo Skyrockets to 5.7% as World Air Freight Hits New PeakÂ
Middle Eastern airlines reported a strong 5.7% increase in demand during the same time frame. October...
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Maersk set to restart Suez Canal journeys this December after fresh agreement with Egypt’s SCA
Maersk-affiliated ships will start making limited trips through the canal in early December, according to the...
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UAE’S AD Ports Makes $278 million move to acquire stake in EGX listed ALCN
The acquisition is part of AD Ports Group’s larger goal to increase its investment and operational...
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US Lifts Tariffs on Quarter of New Zealand’s Exports, Valued at NZ$2.21 Billion
The New Zealand government stated that the products that would be positively impacted by the tariff...
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China’s October Targets Dip As Exports Shrink 1.1% And Imports Expand At A Slower Pace Of 1%Â
China’s official purchasing managers' index (PMI) dropped to a six-month low of 49.0 in October from...
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Egypt’s SCZONE Secures $3.5 Billion Investment For Three Mega ProjectsÂ
This partnership is a much-needed bolster to investments in the SCZONE, as it not only strengthens...
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US to Impose Port Fees on China-Linked Vessels to Counter Chinese Maritime Trade Dominance
Non-Chinese operators using Chinese-built ships will be charged the higher amount of either $23 per ton...
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OpenAI Announces a Multi-Billion Dollar AI Chip Deal with AMD
AMD expects the deal to generate billions of dollars annually and anticipates surpassing $100 billion in...
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Tradex Invests AED 1 Billion to Redefine UAE-Iraq Trade
If Tradex delivers through this investment, it could become a model in digital trade across regions,...
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Nexen Tire Expands Into Europe, Latin America, and Middle East to Meet Increased Demand
In the Middle East, Nexen plans to establish a subsidiary in Saudi Arabia. This will create...
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