Friday 3 July 2020

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INTELLIGENT STACKING
DP World assembles first container HBS system

DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, has completed assembly of the world's first container High Bay Store (HBS) system at Jebel Ali Port.

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DEVELOPING COUNTRIES WORST HIT
Coronavirus will cost global tourism $1.2 trillion: UNCTAD

The world’s tourism sector could lose at least $1.2 trillion, or 1.5 per cent of the global gross domestic product (GDP), having been placed at a standstill for nearly four months due to the coronavirus pandemic, UNCTAD said in a new report.

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2

LINKEDIN, GITHUB JOIN INITIATIVE
Microsoft to help 25m acquire skills fit for Covid-19 economy

Microsoft has announced a new global skills initiative aimed at bringing more digital skills to 25 million people worldwide by the year-end. This comes in response to the global economic crisis caused by the Covid-19 pandemic, stated the company.

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INSIGHT
Overcoming obstacles to keep trade flowing

The present extraordinary circumstances have called for an extraordinary response across the globe. The trade finance industry has had to rapidly adapt. But what changes have banks in the Middle East been making to keep trade flowing?

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4

ANALYSIS
Global economy: A V-shaped recovery in 2021?

Global economy is expected to witness a 5.1% contraction in 2020 due to the rapid spread of Covid-19, followed by a robust 6.5% recovery in 2021, said Atradius, a world leader in credit insurance, surety and debt collection, in a new report.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Qiddiya to award $2.6bn contracts for mega Saudi project

Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom's sovereign wealth fund, is set to award SR10 billion ($2.66 billion) contracts this year to speed up the construction of its mega entertainment and sports project in the capital Riyadh.

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Energy, Oil & Gas

IOC Middle East and RR Holdings sign JV

IOC Middle East FZE, Dubai and RR Holdings Ltd, Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, have signed an agreement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh.

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Finance & Capital Market

Mideast wealth funds 'must rethink post-Covid-19 strategies'

The current strategies of the sovereign wealth funds in the Middle East post-Covid-19 recovery may be outdated and they need to relook at strategic approaches in multiple touchpoints and layers, according to a leading consultant.

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Analysis, Interviews, Opinions

Overcoming obstacles to keep trade flowing

The present extraordinary circumstances have called for an extraordinary response across the globe. The trade finance industry has had to rapidly adapt. But what changes have banks in the Middle East been making to keep trade flowing?

More…
Industry, Logistics & Shipping

Supply-chain resilience 'vital to tackle Covid trade challenges'

Supply-chain resilience will play a pivotal role in determining whether companies engaged in global trade are able to weather the logistical challenges presented by Covid-19, said Abu Dhabi Ports in a white paper.

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Travel, Tourism & Hospitality
Lifestyle

Billionaire numbers soar 8.5%; wealth hits $9.4trn

The number of billionaires globally rose strongly by 8.5% to 2,825 individuals in 2019, while their combined wealth was boosted by 10.3% to a total of $9.4 trillion — more than reversing the previous year’s decline, says a report.

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Motoring
Health & Environment

New partnership to create potential Covid Drug

Global Response Aid and Dr Reddy’s Laboratories have signed a deal with FujiFilm for global production and distribution of Avigan, an anti-viral drug being tested in several countries as a potential treatment for Covid-19.

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Education, HR & Training

Injaz Bahrain to host annual Young Entrepreneur Competition virtually

Injaz Bahrain, a leading non-profit organisation focusing on youth economic empowerment, announced that its annual Young Entrepreneurs Competition will be held online for the first time in its history.

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Miscellaneous

Al Ain Water named most chosen beverage brand

Agthia Group, one of the region’s leading food and beverages companies, has been recognised in Kantar’s Brand Footprint Ranking 2020 with its Al Ain Water Brand becoming the most chosen beverage brand in the UAE.

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