LOGISTICS HANDLING-

The Qatar Free Zones Authority (QFZ) has inaugurated 20 regional distribution hubs in the Ras Bufontas Freezone, QNA reports. The hubs are strategically located next to Hamad International Airport and Hamad Port, giving them access to global markets via air and sea. The hubs feature high-speed roller shutters, charging points for electric cars, photovoltaic solar energy systems, and automatic docking assistance. In total, there are now 98 multi-use ready-built units in the Ras Bufontas and Umm Al Houl freezones.

SUPPLY CHAINS-

KPC + UNIPEC oil contract renewed: Kuwait Petroleum Corp (KPC) has extended its agreement with Chinese Sinopec’s US-based subsidiary UNIPEC to supply 300k barrels of crude oil per day until 2033, Reuters reported on Monday, citing KPC. The initial agreement was signed for 10 years in 2014, according to KUNA.

E-COMMERCE-

Tabby + Ooredoo Kuwait join forces: Telecommunications company Ooredoo Kuwait has partnered with payment-services provider Tabby to offer customers more e-shopping payment options, according to a press release. The company will integrate its innovative payment solutions, including the “ get it now and pay later ” feature, as well as its zero interest and fees policy on four-month installments on Ooredoo’s eShop.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • Etihad Cargo is ready to implement the UAE’s Preloading Advance CargoInformation’s (PLACI) regulations, according to a statement. The regulations ensure that the chain of custody is in accordance with local and regulatory security requirements, screening and documentary proof for all cargo shipments, safeguarding consignments through monitoring, and conducting random checks to ensure compliance.
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