STORAGE + WAREHOUSES -

UAE to boost food storage facilities: UAE-based agri-tech platform FreshonTable has inked an MoU with Zayed Higher Organisation for People of Determination (ZHOPD) to build centers for the collection, storage, and distribution of food products, Wam reports. ZHOPD will provide land and secure the necessary permits for the building works. FreshonTable will manage the design, construction, and integration of equipment at the facilities as well as oversee daily operations.

SHIPPING + MARITIME-

(xxLK) Oman has launched a new maritime line linking Shinas Port to Iran’s Bandar Abbas Port, Ona reports. Oman and Iran had inked a partnership agreement to boost cooperation in shipping and the transport of goods back in 2019, Mehr reports.

TRADE-

Iraq's International Development Bank (IDB) has joined Etihad Credit Ins.’ Xport Xponential initiative, to facilitate UAE companies’ access to the Iraqi market by providing them with funding, Wam reports.

Remember- ECI launched the Xport Xponential initiative in May to boost UAE exports, particularly targeting SMEs and non-oil products. The platform seeks to offer UAE-based companies extensive credit facilities and financial solutions through collaborations with the financial and banking sectors. It also aims to streamline exporters' access to countries with economic partnership agreements with the UAE.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • China-Iran rail line gets its first test run: Turkmenistan’s transport and logistics center ran its first container train test on the China-Kazakhstan-Turkmenistan-Iran rail route. Iran and China relaunched the container train service at Tehran’s Aprin Dry Port in June. (Business Turkmenistan)
  • Emirates adds another flight to Bali: Emirates is operating a second daily flight from Dubai to Bali from 1 September to 26 October to meet travel demand. (Wam)
Tags: