A US appeals court has denied a petition by Agility in a legal setback for the Kuwaiti logistics firm that faces prosecution on charges it defrauded the US Army in multibillion-dollar contracts.
The court denied a "Writ of Mandamus" petiti
Dubai's economy should grow by up to 4 percent this year helped by a recovery of trade and logistics sectors, a government economist said on Wednesday.
'Given the vibrant recovery of trade and logistics sectors, growth will acceler
Kuwait's Kipco Asset Management (Kamco) and Dubai-based Anham FZCO will set up a joint logistics company to execute Anham's prime vendor contract to supply the US Army, Kamco chief executive said.
The US government replaced A
Kuwait-based Agility, a leading provider of global supply chain solutions, has been cleared to continue procuring and delivering food supplies to US troops in Iraq and Kuwait until December 4, 2010.
The decision follows a 'compell
Kuwait's Agility, the Gulf's biggest logistics provider by market value, posted a 52.5 percent fall in first-quarter net profit.
Net profit in the three months to March 31 was 17.59 million dinars ($60.72 million), after 37 million dinars
Anham FZCO, which took over a $2.2 billion US military supply contract from Kuwait's Agility this month, is bidding for up to 30 contracts to provide food and supporting services to the US armed forces, its managing director said.
Kuwait and Gulf Link Transport Co (KGL) said it has bid for US army contract tenders, but no winners have been announced yet.
"The size or the durations of the contracts cannot be predicted now ... the durations vary between one and four y
Kuwait liquidated Amanah Warehousing Company on Thursday, days after ordering it to suspend an initial public offering.
The official Kuna news agency said the Kuwaiti cabinet approved a motion to annul a decree that had set up the logistic
Agility has announced plans to step up its logistics operations in Jordan’s thriving oil and gas industry in the coming months.
The company’s plans include developing its infrastructure to meet the growing needs of the kingdom’s petroleum