The UAE’s Energy and Infrastructure Ministry inked an MoU with the Panama Maritime Authority granting incentives for Panama-registered ships, according to a statement released on Thursday. The MoU paves the way for the Blue Pass project — a platform gathering key players in the maritime sector of the UAE, along with partners and stakeholders — which is set to provide benefits and services to major shipping companies and shipowners visiting UAE ports and waters from around the globe.

What’s on offer: Vessels under the Panamanian registry will be entitled to a range of perks and amenities, including priority access to ports for entry and exit, crew change services, and disc. on auxiliary services offered by companies, shipyards, and other businesses listed in the Blue Pass program’s database.

ALSO- Egypt + Jordan eye stronger trade relations: The Joint Egyptian-Jordanian Higher Committee agreed to encourage trade between the two sides and discussed the establishment of a private-sector-led joint logistics zone, according to a cabinet statement released after the committee wrapped its meetings on Thursday.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • FAO + Iran to launch food authenticity project: The Food and AgricultureOrganization of the United Nations (FAO) and Iran’s Agricultural Jihad Ministry have agreed to launch a project to ensure food authenticity and manage food supply chains. (Statement)
  • UAE + Uzbekistan eye stronger trade ties: Dubai’s Integrated Economic Zones Authority (DIEZ) has inked a MoU with Uzbekistan to boost trade between the UAE and Uzbekistan and promote economic growth. (Statement)
  • Iran + Iraq extend gas agreement: Iran and Iraq have extended an agreement for Iranian gas exports to Iraq, CEO of the National Iranian Gas Company Majid Chegeni said. The contract, which was set to end on 20 June 2024, has been extended for another five years. (Tasnim)
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