Mawani Adds New 'Milaha Inta Gulf Express' Shipping Service to Dammam Port

Mawani Adds New 'Milaha Inta Gulf Express' Shipping Service to Dammam Port
TT
20

Mawani Adds New 'Milaha Inta Gulf Express' Shipping Service to Dammam Port

Mawani Adds New 'Milaha Inta Gulf Express' Shipping Service to Dammam Port

The Saudi Ports Authority (Mawani) has announced the addition of Milaha's new shipping service, "MILAHA INTA GULF EXPRESS," to King Abdulaziz Port in Dammam.

This new service aims to enhance maritime connectivity between Saudi Arabia and the world while supporting national exports and imports.
This development is part of Mawani's ongoing efforts to strengthen strategic partnerships with major regional and global shipping lines, aligning with the objectives of the National Transport and Logistics Strategy to establish the Kingdom as a global logistics hub connecting the three continents, SPA reported.
The new shipping service, with a total capacity of 1,015 TEUs, links King Abdulaziz Port in Dammam with the ports of Umm Qasr in Iraq, Hamad in Qatar, Shuwaikh in Kuwait, Jebel Ali in the UAE, and Sohar in Oman.
King Abdulaziz Port in Dammam serves as the Kingdom's primary port on the Arabian Gulf. It is connected to the Riyadh Dry Port by railway and acts as a vital gateway for goods arriving from around the world to the eastern and central regions of Saudi Arabia.



French Minister: EU Still Far from Tariff Deal with US

French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP
French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP
TT
20

French Minister: EU Still Far from Tariff Deal with US

French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP
French economy minister Eric Lombard (center) says the European Union and the United States were still far from a tariffs deal. Jim WATSON / AFP

The European Union and United States are far from reaching a deal on tariffs, France's economy minister said Thursday, as the bloc seeks a way out from trade tensions with Washington.

US President Donald Trump has slapped new 10 percent tariffs on most trading partners since returning to the White House in January, and imposed sharp levies on imports of steel, aluminum and autos, AFP reported.

The EU has not been spared, and a 90-day pause on even higher rates, including for goods from the bloc, is due to expire in early July.

"We're not going to hide the fact that we're still a long way from an agreement," said French economy minister Eric Lombard in an interview with journalists on the sidelines of the International Monetary Fund and World Bank's spring meetings in Washington.

But at an IMF event Thursday, German Finance Minister Joerg Kukies said he was hopeful both sides could reach a deal before the 90-day window closed.

"We're optimistic that it will work, the sooner, the better," he said.

France's Lombard maintained that talks with US officials were warm.

He said he met this week with director of the White House National Economic Council Kevin Hassett, US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent.

Lombard noted a desire from his counterparts to "move forward as quickly as possible," adding that Europeans have been described as friends and allies in the context of these talks.

He said both sides are looking for areas where they can make progress, adding that "workstreams" have been opened up to remove obstacles to exchanges.

Adding that Trump's new tariffs weigh on the US economy, Lombard said he hopes these effects "will push the administration to propose adjustments."

"We want tariffs to return to previous levels, and even lower if possible," he said, adding that he expects "ups and downs" in negotiations.

Earlier this year, Trump accused the 27-nation bloc of being created to "screw" the United States.

The White House has also said Trump's "reciprocal tariffs" were focused on countries that had been "ripping off" the world's biggest economy.