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PORTS-
UNDP + Kuwait partner up on operations in Yemen’s ports: The United Nations Development Programme (UNDP) in Yemen inked a USD 2 mn agreement with the Kuwait Fund for Arab Economic Development to enhance operations in Yemen’s ports of Aden and Mukalla, according to a statement.
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The agreement will strengthen the capacity at both ports which have been affected by a decade of conflict, the statement notes, with plans to restore damaged facilities and procure equipment. The tugboat port of Mukalla will be redeveloped, along with crucial portions of the slipaway port at Aden.
AVIATION-
#1- Qatar Airways ups its MRO game: Qatar Airways is now licensed by aerospace provider Honeywell to provide Maintenance, Repair and Overhaul (MRO) services for its Airbus A350’s Auxiliary Power Units (APUs), according to a statement. The airline is set to design and build a MRO facility to service Honeywell’s APU products, which is forecasted to be completed and in operation by 2028, while the investment ticket for the project was not disclosed. The facility will be equipped with energy-efficient technology.
Details: Under the venture, Qatar Airways will service APUs on its own fleet, as well as offer maintenance services to third-parties, CEO Badr Mohammed Al Meer said in the statement. Qatar Airways predicts the move will cut costs by servicing its own fleet and generate new streams of revenue by providing the service to other players. Honeywell looks to boost its logistics facilities across the Middle East, working with Qatar Airways to act as a local MRO distributor on the firm’s HGT1700 APU models.
#2- Saudi Arabia and Lithuania signed an agreement to implement a regulatory framework for air travel between the two countries and support the Kingdom’s expansion targets in the aviation sector, which include boosting its national carriers’ network to reach 250 destinations by 2030, SPA reports.
TRADE-
#1- Saudi slams anti-dumping measures on Chinese + Russian imports: Saudi Arabia imposed anti-dumping tariffs on Russian and Chinese imports of Sulphonated Naphthalene Formaldehyde — a water reducing agent used in concrete mixing — to protect Saudi businesses from unfair trade practices after several complaints were received from the domestic industry, according to a statement from the General Authority of Foreign Trade. The tariffs will range from 18.12% to 34%, effective 3 December, and will be in place for five years.
#2- Belarus will ship dry milk products to Oman: Belarus’ Lida Dairy and Canning Plant inked an agreement worth some USD 10 mn to supply dry milk products to Oman and neighboring states in 2025, SB News reports. Belarus was set to boost trade and increase its exports to Oman through establishing a Belarusian-Omani intergovernmental committee focused on boosting links in the transport and logistics sector.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Emirates to expand in Morocco: Emirates Airlines will increase daily flights between Dubai and Morocco’s Casablanca, and obtain a license to a new undisclosed line, in preparation for the country hosting the 2030 World Cup. (Mubasher)
