Kuwait & Dubai-based Shipa Freight to merge with Barcelona’s iContainers

Dubai-based Shipa Freight, the digital freight forwarding arm of Kuwait’s logistics and warehouse provider Agility, is merging with Barcelona’s online freight platform, iContainers, Zawya reports. Per the merger deal, Shipa Freight and iContainers will combine technology platforms and operations, which Read more

Egypt targets Latin America, Asia tourism markets

Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more

Kuwaiti firm agility acquires Britain’s Menzies to set up world’s airport services company

Agility, a Kuwait firm, has acquired Britain’s John Menzies for nearly $750 million, in a move to set up the world’s largest airport services, reports say. Agility currently holds a 19% stake in Menzies. Per the deal agreed, Menzies shareholders Read more

Veteran CEO of Doha Bank resigns after 15 years of service

Raghavan Seetharaman, the veteran CEO of Doha Bank has resigned after 15 years of service at one of the biggest commercial banks in Qatar, Zawya reports. It is unclear why the Indian man has resigned as the bank did not Read more

AG Café to open new 110 stores of Tim Hortons in Saudi Arabia by 2024

AG Café has announced plans to open 110 more branches of Tim Hortons in Saudi Arabia by 2024, taking the total number of stores across the country to 200, Zawya reports. The company runs 190 stores, in total across the Read more