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Posted inDiplomacy

UAE, South Korea to boost trade, logistics ties. PLUS: More trade cooperation between Iraq and Azerbaijan, Iraq and Spain, Iran and Belarus, and Egypt and Greece

UAE + South Korea boost trade + logistics cooperation: The UAE and South Korea agreed to enhance and broaden economic collaboration and bolster mutual investments in 11 sectors, including trade and logistics, during the eighth session of the UAE-South Korea Joint Economic Committee, according to astatement. South Korea’s been boosting its involvement across MENA: South […]

Posted inMoves

Agility chief Tarek Sultan named on WTO’s 10-member Business Advisory Group

Kuwait-based AgilityVice Chairman Tarek Sultan has been appointed, along with nine other business leaders, to a business advisory group to share businesses’ perspectives on trade and regulation with World Trade Organization Head Ngozi Okonjo-Iweala, according to a statement. The group will meet with Okonjo-Iweala several times a year to share perspectives and insights on developments […]

Posted inAlso on Our Radar

OPAZ slashes fees for 80+ services + Tunisia, Switzerland to work on Tunisia’s intellectual property rights legal framework. PLUS: News from Aramex, AD Ports, Etihad Airways, Bahri, Asyad and Morocco

ZONES- Oman’s Public Authority for Special Economic Zones and FreeZones (OPAZ) has cut back fees for over 80 services, according to a statement. These include a 50% reduction in charges for SMEs as well as reductions to fees for the commercial register, the registration of contracts, licenses and permits, investor work permits, environmental permits, urban […]

Posted inAround the World

India’s central bank drafts measures to make the INR a global currency. PLUS: BP invests in methanol, Airbus deliveries rise, and Lufthansa Cargo to receive fire-proof containers

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 […]

Posted inCalendar

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 […]

Posted inWhat we're tracking today

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 […]

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