Every Year, the CIPS Middle East Awards recognizes companies and individuals who excel in procurement and supply chain processes. A ceremony is held in May to present the awards in 11 categories, with an overall winner. In 2015, the CIPS Middle East Awards were held at the InterContinental Abu Dhabi. It was an awards dinner…
Saudi Arabia has a thriving logistics sector right now and it is expected to boom over the next ten years. Industry experts say that consumer spending is going to see a 6.9 percent growth rate in 2015 alone, causing the logistics sector to see higher demand. That’s good news for this GCC region. The Middle…
Dubai’s Jebel Ali Port was just named the world’s most productive port by the U.S. Journal of Commerce. It beat out 483 other ports around the world. The port has always been a leader. Back in 2007, it was ranked seventh in the world. However, Jebel Ali Port finally made it to the top.
Egypt plans to create a massive global logistics center in Damietta to handle and store grain and other food commodities. Several countries are joining in the efforts and investing in the 15-billion pound project. The logistics center is supposed to increase the annual capacity of food commodity trading in Egypt by triple and benefit several…
According to the Economic Times, “India’s engineering goods exports to Iraq more than halved in May and have now almost come to a halt due to ongoing clashes between government forces and rebels in the West Asian country.”
According to Reuters, “The partners in Israel’s Tamar natural gas field said on Tuesday they had signed a letter of intent with Union Fenosa Gas to export up to 2.5 trillion cubic feet (tcf) of gas over 15 years to a liquefied natural gas (LNG) plant in Egypt. Tamar was discovered in the eastern Mediterranean…
According to a recent Gulf News report, “Dubai FDI, the investment development agency in the Department of Economic Development (DED) has assisted one more multinational move to Dubai for broader market access and expansion with Lindt & Sprungli, the famous Swiss manufacturer of premium chocolates, establishing its representative office in the emirate.”
More oil and gas is snaking its way through Dammam, Saudi Arabia as GE starts work on a new manufacturing site that’s slated to excite the growing economy.
As Abu Dhabi leaders deal with their most pressing problem — the dwindling of their staple economic booster, oil — they are delving into new industries to keep the capital city afloat after the oil is gone. Among their plans are attracting tourists and building up their manufacturing sector.
Economists are trying to understand how Egypt’s economy is remaining so stable, even as the death toll from recent violence surpassed the 1,000 mark in six days. The violence began June 30 after the ousting of Islam President Mohamed Mursi, a member of the Muslim Brotherhood. The new military government is struggling to keep industries…