RIYADH: Like most major Gulf markets, Saudi stocks extended gains on Wednesday mirroring a rise in global peers after sentiment was lifted by receding fears of a global banking crisis and rising oil prices. Saudi Arabia's benchmark stock index edged up 0.3 percent supported by gains in most sectors, led by healthcare and financials. Dr Sulaiman Al-Habib Medical Services added
Logistics on track for growth path in 2021
Muzaffar Rizvi/Dubai Filed on January 23, 2021
An Emirati man looks on at the port of Fujairah. The UAE logistics industry, which is estimated at Dh220 billion, is likely to lead the growth in the region due to excellent infrastructure, technology advancement and conducive government policies. AFP
GCC governments will continue to focus on development of logistics infrastructure to sustain economic growth in coming years
The logistics industry in the Gulf Cooperation Council region looks set for a promising future after experiencing some temporary disruptions due to the Covid-19 pandemic last year, experts say.