Logistics (MENA) 
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Xpro India Limited to open global manufacturing unit in Ras Al Khaimah
The facility is set to integrate state-of-the-art machinery on site, to produce 4.5k tonnes of dielectric films per year
Emirates SkyCargo places USD 1 bn order for five Boeing 777 freighters
Once operational the new orders are forecasted to boost main deck cargo capacity by 30%.
AD Ports appoints new offshore and subsea CEO
Steen Karstensen was previously Maersk Supply Service CEO
DP World will develop the “world’s largest logistics hub” for fruit and vegetables trade in Dubai
The hub will double the current fruit and vegetable market area and increase investments
TODAY: Ruwais stake sales is finalized + EBRD mulls a EUR 50 mn loan to DP World
What we’re tracking this morning regionally and around the world
Aviation and trade updates from UAE and Qatar
Stories on our radar this morning from around the region
UAE’s Maalexi secures USD 1 mn in venture debt
Indian-based Stride Ventures led the funding round
Oscar Middle East breaks ground at Jafza liquid bulk terminal
The first phase of the 45.4k cubic meter facility is expected to be operational within 16 months
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