India’s central bank is drafting measures to make the INR a “global currency,”Reuters reports. The Reserve Bank of India’s Inter-Departmental Group (IDG) recommended the opening of INR-denominated accounts for Indian nationals residing abroad, more integration between payment systems in India and those abroad, and allowing the INR to be an additional settlement currency in multilateral […]
Author Archives: enterpriseam admin
JULY 11 July (Tuesday): Deadline for bidding for the consultancy tender for detailed design, study, and preparation of documents for Kuwait's Railway Project. 16-17 July (Thursday-Friday): The Levitate Conference and Exhibition, St. Regis Amman Hotel. 17-28 (Monday-Friday): The fourth round of negotiations between the GCC and the UK for a trade Agreement will take place […]
TODAY: Stalled negotiations are keeping USD 19 bn worth of trade stuck in Canadian ports + Iraq could transport gas to Europe via Grand Faw Port
Good morning, friends — and welcome to the busiest issue we’ve had in a while. We have everything from updates on private sector activity in the GCC and Egypt, to speculations that a Turkish port could be on the docket for sale to Gulf investors. HAPPENING TODAY- StalledCanada port labor negotiations halt USD 19 bn […]
Non-oil private sector activity in GCC + Egypt shows further positive signs
The UAE, KSA and Qatar continued to show business growth, while Egypt shows signs of recovery
Could Turkey’s Alsancak Port operating rights be sold to Gulf States?
The port was originally slated for privatization nearly two decades ago
Maersk opens first cold store in UAE
The cold store facility will serve the FMCG sector, as well as e-commerce players and retailers
CMA CGM launches shipping service connecting Turkey, Malta, and Algeria
The service will also provide clients with access to CMA CHM’s intermodal network in Turkey
Iran + Russia to kickstart construction of Rasht-Astara railway in early 2024
Work on the project is scheduled to begin in early 2024
Moroccan B2B e-commerce startup Chari raises USD 1.5 mn in pre-series A round led by VKAV
The startup aims to expand its market share and add new revenue streams, like embedded fintech