Magma Aviation, which charters aircraft under management control, has begun Middle East operations with two narrowbody cargo jets sourced from its parent company.
The U.N. and World Health Organization are working hard to make sure less-developed countries get their fair share as more vaccine supplies become available. Transportation and logistics is a big part of their organizing effort.
“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
Emirates SkyCargo’s business fell in fiscal year 2019-2020, but the airline division is experiencing strong demand for its services during the coronavirus crisis.
DP World (NASDAQ Dubai: DPW) announced that it will repurchase P&O Ferries from Dubai World according to a DP World press release. The acquisition will be worth BGP (British pound sterling) 322 million or $421 million. (All values will be converted to U.S. dollars.)
Virgin Hyperloop One and Hyperloop Transportation Technologies are competing in UAE to build the first hyperloop network in the region.
Dubai Ports World will build new inland ports in two Indian states to handle increased container traffic coming into that nation’s ports.
As Dubai has started positioning itself in the global marketplace as “the metropolis of the long term,” Moeco has secured a tech partnership with UAE-based Yzerchat to test its blockchain-enabled router.
