Sign in
ZONES-
Oman + Jordan ink MoU to boost economic ties in Duqm and Aqaba: Oman’s Public Authority for Special Economic Zones and Freezones (OPAZ) and Jordan’s Aqaba Special Economic Zone Authority have signed an MoU to bolster economic ties and investment activity, ONA reported. Under the MoU, the pair will work to attract investments to their respective economic zones. The two sides will share knowledge and expertise in a variety of matters, including legislation, management bylaws, and operating and developing economic zones.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
Egypt + KSA firm discussing building door factory in Egypt: Egypt’s Industry and Transport Ministry is in talks with Saudi Arabia’s Iron Technology Company to establish a factory for the production of armored and fire-resistant metal doors and their accessories in Egypt, according to a statement. The Saudi firm exports to several Arab and European countries.
TRADE-
Sharjah Chamber + Japan discuss activation of trade MoU: The UAE’s Sharjah Chamber Commerce and Industry (SCCI) is in talks with Japan to boost trade and joint investment between the two countries, Wam reports. The two sides are discussing activating an MoU inked in March between the Japan External Trade Organization and the Sharjah Chamber to boost trade relations. The two parties discussed potential mechanisms for increasing trade volumes, which would entail developing communication frameworks and partnering in an array of sectors, including technology, innovation, and renewable energy.
SUPPLY CHAINS-
Vallourec + Asmo partner up on supply chains services: France-based Vallourec has signed an MoU with Advanced Supply Management Operations (Asmo) — a JV between DHL and Aramco — to provide a wide range of end-to-end supply chain services, according to a press release (pdf). The services include sourcing, procurement, inventory management, logistics, and warehousing.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Tunisia-Libya Ras Jedir border crossing reopens: Libya has resumed commercial trade activities with Tunisia at the Ras Jedir border crossing. (The Libya Observer)
- Air Arabia connects Cairo to Kuwait: The UAE’s Air Arabia is launching three weekly flights between Cairo and Kuwait starting 14 January 2025. (Statement)
- Gasco + DESFA partner up on gas transport: The Egyptian Natural Gas Company (Gasco) has signed an agreement with Greek national gas system operator DESFA to collaborate on natural gas, hydrogen, and renewable gas transport. (Statement)
- Rakez holds Canada roadshow: The Ras Al Khaimah Economic Zone (Rakez) has wrapped up a roadshow in Canada where it held meetings with Canadian companies looking to access emerging markets in the MENA region. (Statement)
