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The Postal Corporation of Kenya has partnered with China-based Vnlin Logistics Technology to establish a regional cross-border e-commerce logistics hub in Nairobi. The collaboration includes plans for automated sorting facilities, digital customs clearance, and exploring three weekly 100-tonne freighter flights connecting Nairobi with commercial centres in China, Hong Kong, and Dubai.
United Arab Emirates equity markets retreated broadly on Thursday, with both major bourses posting drops of over 1.6%. The DFM General Index fell 1.70% to 5,797.12, while the FTSE ADX General Index slid 1.66% to close at 9,794.54.
Asia-Pacific real assets manager ESR has announced an expansion into the Middle East, targeting a $10 billion development pipeline in logistics and digital infrastructure. The initiative initially targets the United Arab Emirates and Saudi Arabia to develop scalable warehouses and data centres. ESR is currently negotiating with regional strategic partners and securing land positions.
Historically high freight yields are spurring container lines to launch dedicated services between India and Middle East ports, with UAE gateways such as Khor Fakkan seeing increased traffic. Danish carrier Maersk has deployed a new shuttle between India's Nhava Sheva and Khor Fakkan, while Chinese line CULines is planning an Asia-Middle East service. Ongoing overland cross-border transport bottlenecks and port congestion continue to elevate regional spot rates and trigger fresh carrier surcharges.
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