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TRADE-
Jordan’s Energy Ministry has selected three Jordanian firms bidding for a tender to transport Iraqi crude oil to Jordan to move on to the next stage of the process, Ammon News reports. The firms — which include Khaled Habenka & Partners, Nayel Zayyabat Al-Hayat Tower for Transportation and Trade, and Ammar Al-Saqqar & Partner — passed the technical evaluation and will now conduct a financial evaluation for the contract.
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REFRESHER- Iraq agreed to extend its oil import MoU with Jordan until June 2025 back in July. The MoU — originally signed in May 2023 — will see Iraq deliver up to 15k barrels of oil to Jordan per day. The prices of oil will depend on the monthly average Brent crude oil price, with a reduction of up to USD 16 per barrel to account for quality differentials and transportation costs. The agreement — which will cover 10 percent of Jordan’s crude oil needs — will facilitate the rehabilitation of land routes and the operation of tanker fleets between the two countries.
M&A WATCH-
DIEZ’s Tradeling acquires Axiom Telecom: Tradeling Holding — the Dubai Integrated Economic Zones Authority’s (DIEZ) B2B e-commerce arm — inked a definitive agreement to acquire the distribution business of Dubai-based Axiom Telecom, state news agency Wam reports. The value of the transaction was not disclosed.
Details: The acquisition of A&T Holding FZCO – who owns and runs the distribution side of Axiom Telecom – includes Axiom’s subsidiaries. Axiom Distribution FZCO distributes technology and manages stores for mobile handset manufacturers in the UAE, Axiom International Distribution FZCO also handles technology distribution but in the UAE’s freezones while managing global exports, and Axiom Telecom Saudi Arabia Co provides technology distribution across Saudi Arabia and internationally.
TRUCKING-
RTA launches digital logistics platform: Dubai’s Roads and Transport Authority (RTA) has officially launched Logisty, a digital logistics platform in partnership with UAE-based logistics operator TruKKer, according to a statement released earlier this week.
Details: The platform aims to manage logistics and commercial vehicle fleets for customers and businesses in Dubai by extending on-demand booking and tracking services, the statement notes. The platform will use an AI-powered CBM Calculator to estimate the volume of shipments.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Qatar Airways to bring back Canberra services: Qatar Airways will re-launch daily flights to Australia’s capital Canberra via Melbourne to Doha’s Hamad International Airport starting December 2025. (Statement)
- Etihad Airways updates UAE-Kenya route: Etihad Airways has launched the first of four new direct weekly flights on 15 December from Abu Dhabi’s Zayed International Airport to Nairobi’s Jomo Kenyatta International Airport in Kenya. (Statement)
- Oman solicits maritime salvage bids: Oman’s Transport Ministry is seeking bids for the management and development of salvage services. Proposals must be submitted by 2 March, 2025. (Statement)
- SolitAir launches Dubai-Riyadh cargo flights: SolitAir has launched daily flights between Dubai and Riyadh. The service uses Boeing 737-800 freighters and operates five days a week. (Press Release)
