EDUCATION, HEALTH IN SCOPE
Dubai-based global trade enabler DP World and Unicef have announced a wide-ranging partnership to support the global distribution of Covid-19 vaccines and related immunisation supplies in low- and lower-middle-income countries.

The technology group Wärtsilä will supply the dual-fuel engines for six new 172,500 cbm LNG carrier vessels being built to serve the Arctic LNG 2 project in Russia’s Arctic waters.

Just months after its first passenger testing, Virgin Hyperloop has unveiled its vision for the future hyperloop experience. The newly-released concept video takes the viewer through a hyperloop journey, from arriving at the portal to boarding the pod.

The UAE supply chain activity saw trade volumes increase by more than 13% in the fourth quarter of 2020 over a January 2020 baseline and nearly 30% from the lowest point in the second quarter of the year, a report said.

Cities are engines of growth, contributing some 80% to global GDP, but they also account for 75% of global greenhouse gas emissions.

Dubai and the Netherlands have discussed means of enhancing mutual economic cooperation and trade between the two countries.

Agthia Group PJSC, a leading food and beverages company, today announced that it has successfully completed its transaction to acquire 100% share capital of Al Faysal Bakery and Sweets, one of Kuwait’s leading industrial bakeries.

Global services trade in the third quarter (Q3) of 2020 fell 24% compared to the same period in 2019, according to statistics released by the World Trade Organisation (WTO).

1.8m JOBS TO BE CREATED
Saudi Arabia's Public Investment Fund (PIF) will investment about SAR1 trillion during the next five years in the local economy, which will create 1.8 million direct and indirect jobs by the end of 2025, said PIF Governor Yasir bin Othman Al-Rumayyan.

Saudi Basic Industries Corporation (Sabic) has teamed up with its partner Plastic Energy, a global leader in chemical recycling, to start construction at its flagship circular polymers unit in the Netherlands. It is set to become operational next year.

The founding shareholders of Red Sea Gateway Terminal Limited (RSGT) have signed separate share purchase agreements with the Public Investment Fund (PIF) and with Cosco Shipping Ports Limited (CSPL) for the sale of 40% equity interest in RSGT.

Dubai’s exports to Israel are projected to reach $4 billion annually as businesses on both sides tap into synergies and build partnerships, said Hamad Buamim, President & CEO of Dubai Chamber of Commerce & Industry.