PROJECT UPDATE
UAE
Dubai FDI, the investment development agency of
Dubai Economy, has announced the signing of a MoU
with Standard Chartered Bank, to facilitate consultation,
co-operation and exchange of information in areas of mutual
interest. The agreement was signed between Fahad Al Gergawi,
CEO of Dubai FDI, and Rola Abu Manneh, CEO of Standard
Chartered UAE branch. In line with Dubai FDI’s efforts to
consolidate the emirate’s position as a preferred global FDI
destination, this MoU with the bank will enable support
and collaboration across global initiatives related to
attracting knowledge and technology transfer, as well
as investments into Dubai.
OMAN
FedEx Express, a subsidiary of FedEx Corp and the world’s
largest express transportation company, has announced
its expansion in the Gulf Co-operation Council countries,
transitioning to a direct presence in Oman. FedEx Express has
been facilitating trade in Oman since 1993 by offering its services
through a local service provider. This strategic expansion provides
customers with access to an extensive international coverage to
and from more than 220 countries and territories, a stronger
customer care support system and a wider service portfolio,
connecting businesses to new markets and customers
across the globe.
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