The International Air Transport Association (IATA) released data for global air freight markets in November showing that freight volumes improved compared to October, but remain depressed compared to 2019. Capacity remains constrained from the loss
Etihad Airways announced an encouraging 32 per cent improvement in its core operating performance for 2019 on revenues of $5.6 billion (2018: $5.9 billion).
Reed Exhibitions, the world’s leading event organizer with over 520 events annually across over 45 economic sectors, announced that it is organizing SiTL Middle East, a brand-new trade show focused on providing the latest developments
An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers.
An Arbitral Tribunal of the London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company, Port de Djibouti S.A. (PDSA), in its dispute with DP World,
The Organizational Committee of Ports and Border Points in the Emirate of Sharjah announced the implementation of all recommendations issued by it during the first half of this year
Global cargo logjam deepens and it delays goods bound for retailers, automakers. Besides, Logistics companies reap ‘vaccine economy’ benefits as European Union (EU) gears up for roll-out.
In 2020, Dubai external trade made Dhs1.182 trillion, and the weight touched 100 million tonnes. Last year, exports grew 8% to Dhs167b despite the hard challenges posed by the spread of COVID-19. Imports reached Dhs686b and re-exports totaled Dhs329b.
The low base effect powered India’s merchandise exports to grow by over 195 per cent on year-on-year basis last month. In April 2021, exports grew to $30.63 billion, higher by 195.72 per cent over the $10.36 billion reported in April 2020.