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DP World launches US $1.2bn Sukuk on Nasdaq Dubai The listing by DP World reinforces Dubai’s status as the global leader for Islamic bond listings, with a total nominal value of 44.56 billion US dollars.

DP World launches US $1.2bn Sukuk on Nasdaq Dubai

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, rang the market-opening Monday to celebrate the listing on Nasdaq Dubai of a 1.2 billion US dollar Sukuk.

 •   DP World raises US $1.2-billion in sukuk financing
 •   Bahri will issue 10-year sukuk to cover Vela costs
 •   Jafza issues US$650 million Sukuk due in 2019


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Aramex enhances 'last mile delivery' with what3words

Aramex enhances 'last mile delivery' with what3words

Aramex has invested US $2.94 million as part of a US $8.5 million Series B funding round with what3words.
 
UASC and Hapag-Lloyd agree merger deal

UASC and Hapag-Lloyd agree merger deal

It's official, UASC and Hapag-Lloyd have finally agreed to the terms of a merger, creating the world's 5th largest shipping line.
 
Panama Canal expansion may hurt MidEast gas exporters

Panama Canal expansion may hurt MidEast gas exporters

The expansion of the Panama Canal will allow US gas exporters to better-compete with the Middle East’s easy access to Asian markets.
 
UASC's new freight rate system transforming shipping

UASC's new freight rate system transforming shipping

UASC giving customers freight rates in real-time through select 3PLs, resulting in faster quoting for shippers and more business wins.
 

 

More PPPs needed to enhance Dubai maritime sector

More PPPs needed to enhance Dubai maritime sector

Marine Advisory Council calls for dynamic public-private partnerships to make Dubai’s maritime sector world’s most competitive.
 
Hydrogen fuel cell device to be available by 2017

Hydrogen fuel cell device to be available by 2017

A device to cut fuel use by 10 to 15 per cent and reduce exhaust emissions of internal combustion engines will be targeted at trucks, ships and trains.
 
SAR given total control over Saudi rail infrastructure

SAR given total control over Saudi rail infrastructure

Saudi Railway Company (SAR) will now be the owner of infrastructure of railway projects linking the cities of the kingdom, according to a decree issued by the Saudi Arabian cabinet.
 
Neptune Lines launches new GCC auto transport service

Neptune Lines launches new GCC auto transport service

Neptune Lines has launched a short sea vehicle transportation service in the Arabian Gulf, linking all six GCC states as well as Iran.
 
SEC and Bahri aim to localise Saudi electricity sector

SEC and Bahri aim to localise Saudi electricity sector

Saudi Electric Company (SEC) and Bahri have signed an agreement aimed at localising the generation, transmission and distribution of electrical power.
 
Qatar Airways Cargo announces major expansion

Qatar Airways Cargo announces major expansion

Qatar Airways Cargo plans to expand into three key new markets and is launching a new portfolio of air freight solutions, the first of which will be QR Live.
 
Etihad Cargo adds freight capacity on Brussels route

Etihad Cargo adds freight capacity on Brussels route

Etihad Cargo has commenced a new twice weekly A330 freighter service to Brussels Airport in Belgium.
 
Abu Dhabi Marine Services takes delivery of Shoalbuster

Abu Dhabi Marine Services takes delivery of Shoalbuster

Abu Dhabi Ports’ subsidiary Safeen (Abu Dhabi Marine Services) has taken delivery of a Damen Shoalbuster 2609 named Maqtaa to join its existing fleet.
 
IAG Cargo makes Asia and India appointment

IAG Cargo makes Asia and India appointment

IAG Cargo has announced the appointment of Pravin Singh to the role of regional commercial manager, Asia Pacific and India.
 
Qatar's Tokyo Freight doubles fleet with truck order

Qatar's Tokyo Freight doubles fleet with truck order

Tokyo Freight Services, a well-known freight forwarding and shipping company took delivery of a large number of Volvo FM 400 4X2 Tractor Heads.
 
UASC owners approve Hapag-Lloyd merger 'in theory'

UASC owners approve Hapag-Lloyd merger 'in theory'

The majority owners of UASC have approved an amendment to the company’s rules, paving the way for a merger with German shipping line Hapag-Lloyd.
 




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