Gulf Navigation now plans $250 mln sukuk by year-end after delay
(Reuters - 27/10/2017)
Gulf Navigation Holding will issue a $250 million Islamic bond by the end of the year that it had planned to issue by September, the Dubai-listed shipper's chief executive said on Wednesday. Plans to issue the sukuk were delayed after the company had to
Gulfnav in strategic alliance with 'Asmef'
(Saudi Gazette - 26/10/2017)
THE Dubai-based Gulf Navigation Holding PJSC, listed on the Dubai Financial Market under "Gulfnav", continues its rapid commercial and performance success. Gulf Navigation has announced a potential strategic cooperation with "Asmef" in Abu Dhabi with the
Dubai's Aramex adds electric vehicles to fleet
(Arabian Business - 22/10/2017)
Dubai-based Aramex said on Sunday it added ten new electric vehicles to its fleet in Amman, Jordan, with plans to roll out more electric vehicles over the next twelve months in the UAE, Egypt, and Lebanon. "We are committed to reducing CO2 emissions from
Bahri reinforces 30 years of operation in North America
(Saudi Gazette - 19/10/2017)
Bahri, a global leader in transportation and logistics, took part in Breakbulk Americas which is taking place in Houston, Texas, from Oct.17-19, reinforcing its position through its three-decade-long presence in the US, marked by excellence and
Dubai's Aramex announces CFO resignation
(Gulf Business - 15/10/2017)
Dubai-listed logistics company Aramex announced on Sunday that its chief financial officer (CFO) Bashar Obeid has informed the board of his plans to exercise his early retirement option in order to pursue other endeavours. Obeid will continue to serve as
PTA raises Saudi flag on Bahri's VLCC Rimthan
(Saudi Gazette - 10/10/2017)
The Saudi Public Transport Authority (PTA) has raised the Saudi flag on Rimthan, one of the latest VLCCs (Very Large Crude Carrier) received and owned by Bahri, a global leader in transportation and logistics. Under the supervision of PTA, the ceremony
Salalah Port Services Company's net profit declines 30%
(Muscat Daily - 08/10/2017)
Salalah Port Services Company's (SPSC) net profit for the nine months period ended September 30, 2017 fell by 30 per cent to RO2.76mn from RO3.94mn in the same period of the previous year. The company's revenue increased by 1.9 per cent to RO42.12mn
Saudi Arabian Airlines says could list cargo unit's shares next year
(Reuters - 05/10/2017)
Saudi Arabian Airlines could list shares in its cargo business next year as part of the state-owned carrier's privatisation plan, its top executive said on Thursday. Cargo would be the third unit to pursue an initial public offering (IPO) since the
Port Services Corporation to be liquidated in January
(Times of Oman - 02/10/2017)
Liquidation of the Port Services Corporation (PSC), which manages Port Sultan Qaboos in Muscat, will start in January, 2018. The Ministry of Transport and Communications has decided not to renew its concession agreement with the corporation, after the
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