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TRADE-
Iran + Russia launch new trade projects: Iran and Russia have launched two transit-logistics projects to enhance trade efficiency, the Ulyanovsk-Astara rail route and the Volga-Caspian Sea river corridor, which should decrease transit time from 21 to seven days, IRNA reports. The Volga-Caspian Sea river corridor leverages the Russian town of Ulyanovsk’s strategic position and its 13 ports along the Volga River, IRNA writes, citing Ulyanovsk Governor Alexey Russkikh. The trade volume between Iran and Ulyanovsk increased by 76% y-o-y to USD 15 mn in the first nine months of 2024, the governor said.
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ICYMI- Iran and Russia have agreed to expand ties in road, rail, and air transportation, and reviewed their efforts to collaborate on the construction of the Rasht-Astara railway line as part of the North-South Transport Corridor.
REMEMBER- Tehran and Moscow have signed an agreement to allow them to trade in their local currencies and facilitate transactions through their respective banking systems.
LOGISTICS HANDLING-
SADAFCO + Hyperview partner up on sustainable transportation: Saudia Dairy and Foodstuff Company (SADAFCO) has inked a non-binding MoU with Hyperview Logistics, a subsidiary of Shanghai’s Hyperview Mobility, to explore the development of hydrogen-based transportation solutions in Saudi Arabia, according to a statement. SADAFCO and Hyperview aim to test the possibility of hydrogen-powered trucks in the Saudi market, according to the statement. This is part of SADAFCO’s aim to have a carbon-neutral fleet by 2045, with 90% of its fleet to run on clean energy by 2035.
E-COMMERCE-
Temu + Asyad Express to boost e-commerce in Oman: Chinese-operated e-commerce marketplace Temu has entered into a strategic partnership with Omani national logistics firm Asyad Group’s Asyad Express to bolster delivery services across Oman, according to a press release. The collaboration will leverage Temu’s direct-from-factory business model and Asyad’s logistics network to offer a variety of products at affordable prices, the statement said. The partnership will also include a cash-on-delivery option.
OTHER STORIES WORTH KNOWING THIS MORNING-
- UAE + UK bolster ties: Dubai Chambers has inked an MoU with the London Chamber of Commerce and Industry to assist companies based in both countries to expand their operations as well as facilitate trade and investments.(Statement)
- Libya’s SFZ + Huawei discuss smart port project: Libya’s Sirte Free Zone is in talks with China’s Huawei about smart port development. (Libya Herald)
- DCC + Aramex + QuickBolt partner up on delivery robots: Dubai CommerCity (DCC) has inked an MoU with Aramex and QuikBot Technologies to hold a trial run of QuikBot’s autonomous final-mile delivery (AFMD) platform as a service at DCC. (Statement)
- Oman launches new tender for road project: Oman’s Transport, Communications, and Information Technology Ministry is now accepting bids for the construction supervision of the Alshasar-Baithnah-Alhashman road development in Dhofar. The ministry will be accepting tenders until 9 January 2025. (Statement)
- IATA expands in the UAE: The International Air Transport Association (IATA) has expanded its office in Abu Dhabi with a new training center to provide services to airlines, trainees, strategic partners, and governments. (Statement)
- Gulf Ins. + DHL partner up on sustainable air freight: Gulf Ins. Group has inked a strategic partnership agreement with DHL to use their DHL GoGreen Plus shipping services to reduce air freight’s negative environmental impact. (Statement)
- Iran to open new trade center in Belarus: The Director General of the Central Asia, Caucasus, and Russia Department of the Trade Promotion Organization of Iran has announced that Iran is opening a new trade center in Belarus. (Tehran Times)
- Qatar Airways relaunches Lebanon flights: Qatar Airways has resumed flights to and from Lebanon. (Travel Update)
