AVIATION-

#1- OQ to provide SAF to DHL cargo shipments: OQ has joined DHL Express’ GoGreen Plus initiative, through which the Omani oil company will provide sustainable aviation fuel (SAF) for DHL’s shipments entering and departing Oman, the Oman News Agency reports. The partnership aims to use SAF — which is produced using renewable means — to curb carbon emissions.

Latest partners to GoGreen Plus: Dubai-based media equipment distributor Advanced Media signed up with DHL Express UAE earlier this month to utilize DHL’s GoGreen Plus program and slash its carbon emissions.

#2- Flying taxi app coming to the Kingdom: The Transport Ministry and local air transport firm FlyNow Arabia are collaborating to launch the Kingdom’s first flying taxi application for freight and passenger transportation, FlyNow CEO Yvonne Winter told Aleqtisadiah.

The firm aims to deploy a pilot version project at King Abdullah University of Science and Technology (KAUST) this year, Winter added, without specifying a date. The new application is set to transport goods for up to 1 mn miles in its initial phase, before moving on to transport passengers across the Kingdom’s cities.

Flying taxis? FlyNow has several selections, including cargo transport with 200 kg payload capacity, a flight range of 50 km with a 130 km/h speed, and air taxis for two individuals.

INVESTMENT WATCH-

Newly launched, Egypt-based private equity firm Morpho Investments has deployed capital into two export-oriented agriculture projects, according to a statement (pdf). These investments follow Morpho Investment’s first USD 55 mn close of its inaugural fund earlier this week.

The first project: Morpho — in partnership with Hassan Allam Holding — will co-invest in the Jinet Agriculture, an agricultural development park covering 14.2k feddans in West Minya that aims to “bolster Egypt’s food security, drive export capabilities, and foster industrial-scale agricultural processing,” according to the statement. The project will provide farmers and exporters with access to land plots, as well as modern technology and infrastructure, to support crop cultivation, Bloomberg reports.

The second project: Morpho also invested in Agriventures, a berry-focused precision agriculture company, to support its expansion into Saudi Arabia and Oman. The fresh funds will help Agriventures secure exclusive rights to grow, sell, and market berries in both countries.