Syria's border authority agrees ‘new contract' with CMA CGM to operate Latakia port
Syria's General Authority for Land and Sea Ports said on Wednesday that it had agreed a 'new contract' with French shipping and logistics group CMA CGM to operate the port of Latakia.
The authority said in a statement that the contract covered the settling of all previous dues.
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Saudi Gazette
5 days ago
- Saudi Gazette
Saudi Arabia and Netherlands sign agreements with investments exceeding SR428 million
Saudi Gazette Report AMSTERDAM — Saudi Arabia and the Netherlands have signed a number of agreements and memoranda of understanding (MoU) with investments exceeding SR428 million in Amsterdam. The agreements were inked between a number of Saudi and Dutch companies with the aim to develop and localize modern technologies in the environmental, water, and agricultural fields. Saudi Deputy Minister of Environment, Water, and Agriculture Eng. Mansour Al-Mushaiti attended the ceremony of signing 27 agreements and MoUs during his current visit to the Netherlands from June 10 to 12 in the presence of a number of the Dutch government officials as well as senior executives and business leaders from the public and private sectors. The signing included a MoU between the Saudi National Program for the Development of the Livestock and Fisheries Sector and the Dutch company VigGuard to establish cooperation to localize livestock disease control research. MoUs were also signed between the National Center for Sustainable Agriculture Research and Development, the Dutch Greenhouse Alliance, the Dutch company Hoogendoorn, Hudson River Biotechnology, and Wageningen University, to launch initiatives in the fields of agricultural technology and research, and to establish capacity-building partnerships in the fields of agricultural innovation, greenhouse farming solutions, and green biotechnology. The partnerships also included the signing of a MoU between the National Agricultural Services Company and Delphi to support agricultural innovation. MoUs were also signed between the Makkah Region Development Authority, Van der Hoeven Projects for Protected Agriculture and Horticulture, and Horizon 11 to transfer and localize biotechnology. A MoU was signed between Al-Yasin Agricultural Company and the Cobret Experimental Center to establish a partnership worth up to one million euros to promote biotechnology in control and crop protection. Another MoU was signed between the Saudi Greenhouse Management and Agricultural Marketing Company and Plantae and Certhon with the aim of investing in localizing innovations in the agricultural sector. A memorandum of understanding was signed between the Lehaa Group of Companies for Trade and Agricultural Investment, the Dutch Royal HZPC Group, and the Gal Sahara Potato Production Company, with investments exceeding SR76 million. This will enhance potato production in the Kingdom, in addition to establishing a French fries factory equipped with the latest processing technologies. Eng. Mansour Al-Mushaiti also witnessed the signing of six MoUs between Dafa Agricultural Company and a number of companies specialized in the fields of vegetables, fruits, fertilizers, greenhouses, and software project supply, with investments exceeding SR292 million. It is worth noting that this visit comes within the framework of the plans and vision of the Ministry of Environment, Water, and Agriculture to enhance the global capacity of the Saudi agricultural sector, expand the production and export of local agricultural products, contribute to increasing the volume of trade between the Kingdom and the Netherlands, and strengthen international partnerships, in order to achieve the goals of the Kingdom's Vision 2030.
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5 days ago
- Leaders
Jeddah Islamic Port Launches MEDEX Shipping Service to Strengthen Global Connectivity
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Saudi Gazette
5 days ago
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India 'hopeful' of reaching deal with US before Trump's tariff deadline
DELHI — India is "hopeful" of reaching a trade agreement with the US before the 90-day pause on reciprocal tariffs ends on 9 July, the country's foreign minister has said. In an interview with French daily Le Figaro on Tuesday, S Jaishankar, who is on a four-day visit to Belgium and France, said India and the US had already begun trade negotiations before Trump unveiled his 2 April 'Liberation day' tariffs on global partners, including up to 27% on India. "Prime Minister [Narendra] Modi met with Donald Trump in February and they decided to further open access to our respective markets," Jaishankar told the paper. "We are hopeful of reaching an agreement before the end of the tariff suspension on 9 July." Earlier in the day, a US delegation held closed-door meetings with Indian trade ministry officials in Delhi. An unnamed Indian official told Reuters news agency that the recent set of trade talks with US officials had been productive and "helped in making progress towards crafting a mutually beneficial and balanced agreement including through achievement of early wins".Until recently, the US was India's largest trading partner, with bilateral trade reaching $ has already reduced tariffs on a range of goods - including Bourbon whiskey and motorcycles - but the US continues to run a $45bn (£33bn) trade deficit with India, which Trump is keen to and Modi have set a target to more than double this figure to $500bn, though Delhi is unlikely to offer concessions in politically sensitive sectors such as this month, the White House told its trade partners that the US wants them to make their best trade offers, with the deadline fast approaching, Reuters news agency week, US Commerce Secretary Howard Lutnick said he was "very optimistic" about a deal between India and US, which he said said would come in the "not too distant future".In May, Trump made global headlines by claiming that Delhi had offered to drop all tariffs on goods imported from the US. These claims were swiftly disputed by India, with the foreign minister saying that "nothing is decided till everything is".Jaishankar had previously emphasised that any trade deal must be mutually beneficial and work for both separately about US foreign policy under Trump, Jaishankar told Le Figaro he sees the US "looking at things from the perspective of its immediate interest and seeking benefits for itself"."Frankly, I will do the same with them," Jaishankar added. — BBC
