In The News

Abu Dhabi’s Mubadala invests in Berlin-based digital insurance company Abu Dhabi-based Mubadala has participated in a record $650 million Series C funding round for Berlin-based digital insurance company wefox, resulting in a post-money valuation of $3 billion. Launched in 2015 …

Economic indicators point to improvement: federal minister When the current government came to power, Pakistan was facing daunting challenges such as a high current account deficit, which has now been curbed significantly due to sound fiscal policies, said Federal Minister …

Technology is paving the way for the future of shipping Digitalization in shipping shouldn’t be regarded as a thing for the future, or some abstract idea that could (or not) offer valuable contribution to the way the industry works. It’s …

IT ministry finalizes national cyber security policy: Minister for Information Technology and Telecommunication, Syed Amin UlHaque said last Thursday that the ministry has finalized and uploaded a draft of the National Cyber Security Policy (NCSP) on its official website. During …

Australia winter wheat crop estimate above average Australian winter wheat crop production in 2021-22 is expected to be above average due to increased planted area, according to an Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) June report. Rise …

Dubai targets over 5.5m overseas tourists this year Dubai expects to attract over 5.5 million overseas visitors this year, hopeful that new markets can help make up for the loss of visitors from key places where travel is restricted. Dubai …

FDI to surge with well trading across borders The business community has voiced a firm hope that Pakistan will attract significant foreign direct investment (FDI) for export projects once the country displays a modest improvement in the trading across borders …

Ports & terminals vs shipping lines: do investors favour the latter? With hindsight, it can easily be illustrated that even though macro-economic hindrances originate from different sources, they all tend to challenge (in one form or the other) the established …

Wild coffee: improving the coffee industry Coffee is an important commodity globally, but its main markets are the rich, developed countries in Europe and North America. In 2019, the global coffee market had an estimated value of an astounding $102.15 …

Abu Dhabi tourism department partners with TikTok The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) officially announced its partnership with social media giant TikTok on Tuesday, April 27. In a statement, the tourism department said that by …

Buffalo milk export to increase Pakistan’s forex reserves “Pakistan is rich in buffalo breeds, buffalo research, and buffalo milk production. To leverage its advantages and enhance Pakistan-China cooperation in this field, we hope to set up a dairy processing plant …

Checks and balances on container rates In shipping there have been clear winners and loser in the global war against the Covid-19 pandemic. In the latter camp sit cruise ships and to some extent tankers, who have seen earnings spike …