Oman Air plans to restructure operations + Egypt’s pharma e-commerce platform Grinta acquires Autocure

AVIATION-

Oman Air to undergo restructuring: A “comprehensive” program to restructure operations at Oman’s national carrier Oman Air has been approved by the carrier’s board of directors, Oman News Agency (ONA) reports. The program looks to address continued losses and the piling up of debt, and will encompass four main pillars: Financial sustainability, corporate governance, commercial aspects, and human capital, ONA wrote. The proposed changes will take on board recommendations from international consulting firm Oliver Wyman and will also include changes to the carrier’s management.

E-COMMERCE-

Pharma-focused e-commerce platform Grinta has acquired Alexandria-based B2B pharma e-market Auto-Cure , further expanding its footprint in Egypt, according to a press release. The acquisition will further Grinta’s goal of “delivering customer-centric, data-driven, and fintech-enabled solutions to modernize the pharma supply chain in Egypt and beyond,” Grinta CEO and co-founder Mohamed Azab said, according to the press release. No details about the value of the acquisition were provided.

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• Syria has regained its membership in the Arab Federation of Chamber ofShipping after it had been suspended over the past few years for failing to pay financial obligations. (SANA)