World Logistics Passport launches redemption platform
DUBAI, 1 days ago The World Logistics Passport (WLP), which aims to increase trading opportunities between emerging markets and the rest of the world, has launched its latest digital platform for the ‘redemption of benefits’. The platform focuses on the utilisation of financial and non-financial benefits for increased trade volumes by members and traders from the various partners in the programme. Dubai-based traders can now register in the programme as members within the White Tier and redeem over 100 benefits which will unlock operational agility. The WLP Digital Platform provides participating traders with fast-track access to the programme, tapping into a global network of more than 30 partners, in 12 hub countries, and unlock opportunities within the programme which provides access to 20% of the global trade. Benefits also include up to two additional months for re-export declaration, complimentary access to
Gulf Air operates first transcontinental lower emission flight
MANAMA, 2 hours, 32 minutes ago Gulf Air, the national carrier of the Kingdom of Bahrain, recently operated its first transcontinental lower emission flight which took off from Helsinki in Finland to Bahrain International Airport. Operated by the airline’s flagship Boeing 787-9 Dreamliner, the lower emission flight used operated Sustainable Aviation Fuel provided by Neste to perform the airline’s iconic flypast at the 2021 Formula 1 Gulf Air Bahrain Grand Prix last month. The Civil Aviation Affairs at the Ministry of Transportation and Telecommunications (MTT) and Bahrain Petroleum Company (Bapco) supported this historic flight and provided consultation to Gulf Air to successfully conduct the operation.
Industrial sector must adopt advanced tech
DUBAI, 8 hours, 54 minutes ago There is an urgent need for global industry to accelerate the adoption of advanced technologies across the entire industrial value chain in line with the demands of the digital era and fourth industrial revolution. This will also be critical to driving global economic recovery in the wake of Covid-19. This was the overarching theme at the webinar co-hosted by the UAE’s Ministry of Industry and Advanced Technology (MoIAT) alongside experts from the World Economic Forum (Forum), a WAM report said. The interactive webinar, which was attended by more than 30 representatives of UAE industry and local economic departments, including Emirates Steel, Emirates Global Aluminium, Edge, and national energy company Adnoc, also served as a platform for mutual engagement between the industry representatives, ministry figures and Forum experts.
Air Canada said that it has entered into a series of debt and equity financing agreements with the Government of Canada, which will allow Air Canada to access up to C$5.879 billion ($4.68 billion) in liquidity.
During the Holy month of Ramadan, the award-winning digital wealth management firm, StashAway Mena, will be partnering with the Al Jalila Foundation to give back to those in need by turning its revenue to charitable donations.