logistics - Iraq Bulletin

Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake

adminMay 4, 2023May 4, 2023

May 4, 2023May 4, 2023

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 exchange for approximately 13% equity. This news comes about 10 months after the company laid off 10% of its workforce, which affected roughly 1,000 employees.......

Business

First vessel from Khalifa Port arrives at Shuwaikh Port in Kuwait

adminApril 17, 2023April 17, 2023

April 17, 2023April 17, 2023

Abu Dhabi Ports (AD Ports) Group has launched a new weekly container shipping service from Khalifa Port in the UAE to Shuwaikh Port in Kuwait to improve connectivity and facilitate trade between the two countries. The inaugural visit of the container vessel “SAFEEN Pride,” part of the SAFEEN Feeders fleet,......

Business

In JV with SEG ENERA, AD Ports enters Uzbekistan logistics

EditorMarch 6, 2023

March 6, 2023

The ADPORTS Group and SEG ENERA Group, one of the largest multisectoral holding companies in Uzbekistan, have formed ADL-Ulanish, which will provide end-to-end global logistics services throughout Uzbekistan. With the new joint venture enterprise, AD Ports Group will offer its global supply chain logistics expertise and advanced technology to address......