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LOGISTICS HANDLING-
Qatar’s Pass gets USD 2.7 mn in funding: Qatar-based delivery app Pass has secured USD 2.7 mn in a pre-Series A funding round, led by undisclosed investors, to drive the firm’s expansion into the Egyptian and Saudi markets, the Peninsula Qatar reports. The firm also will direct the funds to developing new products to expand its market share. A timeline for its expansion was not disclosed.
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About Pass: The application was launched by UK instant delivery platform Peyk in 2020, and later wholly acquired by Bashar Jaber (LinkedIn) in 2023, Wamda reported.
SUPPLY CHAINS-
Aramex + The Surpluss partner up on SME sustainability: UAE-based logistics provider Aramex inked an MoU with climate-tech company The Surpluss to help UAE SMEs integrate sustainability in their supply chains, both upstream and downstream, according to a press release.
TRADE-
Al Baraka boosts Egypt + Turkey operations: Bahrain-based Al Baraka Group expanded its trade finance platform to cover customers at its banking units in Egypt and Turkey, according to a statement. The move aims to help local importers and exporters connect with international trade partners.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Air Cairo boosts its German flight roster: Air Cairo has launched two direct weekly flights from Egypt’s Cairo International Airport to Germany’s Cologne Bonn Airport. (Statement)
- Norwegian Airlines flies to Sphinx International Airport: Egypt’s Sphinx International Airport has welcomed its first flight from Copenhagen operated by Norwegian Airlines. (Statement)
- Egypt Air + Unilode partner up on ULD management: EgyptAir Cargo entered into a long-term partnership with Unilode Aviation for unit load device management, including supply of digitized pallets and access to its app to boost operational efficiency and data analytics. (Aviation Week)
- ITA to bring back Italy-Libya route: Italy’s ITA Airways will restore flights between Italy and Libya starting January 2025. (Reuters)
- Emirates adds flights on UAE-Australia route: Emirates has launched daily flights between Dubai and South Australia capital Adelaide, and is adding flights to Perth starting 1 December 2024. (Statement)
