SHIPPING+MARITIME-

Ardmore shipping to conduct trial run for Fuelre4m’s new fuel: Bermuda-based Ardmore Shipping is conducting a three-month trial run on UAE-based fuel transformer Fuelre4m’s Very Low Sulphur Fuel Oil (VLSFO) Re4mx Fueloil, which should reduce fuel oil consumption and emissions, according to a press release. Fuelre4m touts its Re4mx Fueloil as a cleaner and cheaper alternative to traditional fuel. The trial aims to showcase “the potential of Re4mx Fueloil to revolutionize the industry,” Fuelre4m Managing Director Rob Mortimer said in the statement.

About Fuelre4m: The UAE firm works to re-engineer fossil fuels in a bid to produce a more sustainable alternative. Fuelre4m’s products offer a range of completely organic, fossil fuel reforming nano-biotechnology to produce a cleaner and more efficient burn.

E-COMMERCE-

iSupply closes USD 1 mn funding round: Egyptian pharma distribution e-commerce startup iSupply has secured around USD 1 mn in a Pre-Series A funding round, co-founder and CEO Ibrahim Emam (LinkedIn) told Enterprise. The round saw participation from local VC Disruptech Ventures, Egypt Ventures, Africa-focused Axian Investment CVC, OneStop Capital, among others, the company said in a press release (pdf). iSupply is now looking to obtain a license from the Financial Regulatory Authority, which — coupled with the funding round — will “bolster iSupply’s expansion plans and enhance its capabilities in financing small and medium-sized pharmacies,” the company said.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • Kuwait Airways flies to Salalah: Kuwait Airways is now operating three weekly flights to Oman’s Salalah International Airport. (KUNA)
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