DEAL INKED WITH MAURITIUS FIRM
Indian industrial group Jindal Steel & Power Company (JSPL) said it would transfer its entire stake in its Oman asset, Jindal Shadeed Iron and Steel, to another promoter group firm, Templar Investments, for an enterprise value of over $1 billion.

Jointly organised by Taiwan External Trade Development Council (Taitra) and Taiwan Association of Machinery Industry (TAMI), TaipeiPLAS and ShoeTech Taipei, which is originally scheduled to be held in September 2020, will be postponed to a new date.

Sharjah Entrepreneurship Centre (Sheraa) and the region's leading multi-platform content producer, Motivate Media Group, have established an AED1 million ($272,257) Fund of in-kind services to support tech startups and boost their growth.

Siemens has delivered an additional 22 environmentally friendly and energy-saving six-car metro trains Stadtwerke München (SWM).

Emirates SkyCargo will operate scheduled cargo flights to 100 destinations across six continents during July 2020.

Dubai’s ease of doing business is expected to improve further following Dubai Chamber of Commerce and Industry’s announcement that it is cooperating with Dubai Airport Freezone Authority (Dafza) to connect the two organizations’ digital services.

Abu Dhabi Terminals (ADT), the managers and operators of Khalifa Port Container Terminal, recently welcomed yet another new main line service to its growing network.

Finance House has announced the launch of its “Al Rabeh Guarantee”, the redefined letter of guarantee service, specially designed to tackle challenges that businesses face today.

Bridgestone, one of the world’s largest tyre and rubber manufacturers, is collaborating with Microsoft to innovate with an intelligent tyre monitoring system and develop the first system in the world to detecting tyre damage issues in real-time.

Dubai's Department of Economic Development (DED) said there has been a 83 per cent jump in issuance of trader licences to start-ups for conducting e-business activities and across social networking accounts - during the first six months.

The Ports, Customs and Free Zone Corporation (PCFC) has joined hands with the Dubai Maritime City Authority (DMCA) to launch a marine agency to oversee wooden dhow ships and regulate all their activities while they are in Dubai waters.

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.