Mawani Reports Significant Cargo Growth at Saudi Ports in August

The Saudi Ports Authority (Mawani)
The Saudi Ports Authority (Mawani)
TT
20

Mawani Reports Significant Cargo Growth at Saudi Ports in August

The Saudi Ports Authority (Mawani)
The Saudi Ports Authority (Mawani)

The Saudi Ports Authority (Mawani) has announced a substantial increase in cargo tonnage handled at its ports during August 2024. The total tonnage reached 30,527,279 tons, reflecting a 26.57% growth compared to the same period in 2023.
According to Mawani, export containers surged by 18.76% to reach 258,955 TEUs. Import containers also significantly increased by 15.24% to reach 261,288 TEUs.
General cargo stood at 711,111 tons, bulk solid cargo amounted to 4,832,305 tons, and bulk liquid cargo reached 17,525,862 tons. Livestock imports, however, decreased by 24.27% to 422,449 heads.
While handled containers decreased by 5.01% to 685,647 TEUs, transhipment containers dropped by 40.29% to 165,404 TEUs; the overall cargo volume demonstrated robust growth.
Shipping traffic also decreased by 4.18% to 986 ships, and passenger numbers declined by 32.51% to 50,345. However, the number of cars shipped increased by 24.51% to 103,416.
The authority had previously reported a 9.11% increase in cargo tonnage for July 2024. Consistent cargo volume growth underscores Saudi ports' increasing efficiency and capacity. It aligns with the National Transport and Logistics Strategy, which aims to position Saudi Arabia as a global logistics hub.



UK Economy Grows 0.5% in February, Official Figures Show

Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes
Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes
TT
20

UK Economy Grows 0.5% in February, Official Figures Show

Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes
Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes

Britain's economy grew at a monthly pace of 0.5% in February, figures from the Office for National Statistics showed on Friday, well above economists' expectations in a Reuters poll for an expansion of 0.1%.
Britain's economy grew by a lackluster 1.1% last year. Last month government budget forecasters halved their 2025 forecast to 1%, though they see stronger performance of 1.9% in 2026.
However, these forecasts have been thrown into doubt by President Donald Trump's announcement last week of sweeping tariffs on US imports. The tariffs raise the cost of most British exports to the United States by at least 10% and more than double the cost of imports from China.
Even before the tariff announcement, Britain and other European economies had slowed due to worries about US trade policy. British businesses also said they were reining in hiring and investment plans due to a big rise in employment taxes and the minimum wage that took effect this month.
However, there had been some signs that weak consumer spending had been starting to pick up as wage growth continued to outstrip inflation and retail sales beat economists' expectations in February.