Russia and Oman trade hits 10-year high at $1.5 billion
– Bilateral trade between Russia and Oman reached $1.5 billion in the first seven months of 2026, its highest level in a decade, according to...
Tag : logistics
UAE global FDI stock reaches $402.7 billion in 2025
– The UAE recorded $63.353 billion in outward foreign direct investment during 2025, according to UN Trade and Development. The country’s total outward FDI stock...
Formerra Receives 2026 Eaton Supplier Excellence Award
Recognition places Formerra among several dozen honorees from a supplier network of more than 30,000....
Europe heatwave puts EU economic growth under pressure
Europe’s extreme summer heat and drought could cut EU economic output by about 1% in 2026, according to new analysis from Triodos Bank. The estimated...
Sheikh Khaled begins Beijing visit to deepen UAE-China ties
BEIJING: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, arrived in Beijing to begin an official visit to China that runs...
Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake
Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its logistics business to Flexport in...