S. KOREAN RULING DP EXPECTS COVID-19 CASH HANDOUTS TO EXCEED $17.6 BILLION

Highlights –

• S. Korean ruling DP expects COVID-19 cash handouts to exceed $17.6 billion.
• The relief fund proposal has been submitted to the parliament for deliberations.
• The govt. and DP will be holding a high-level meeting on Sunday....

S. KOREA’S RULING DP TO ROLL OUT FOURTH ROUND OF COVID-19 STATE BUDGET FUND

Highlights –

• S. Korea’s ruling DP to roll out fourth round of COVID-19 state budget fund.
• The govt. last year had distributed more than $27.8 billion to households.
• The funds were also given to small merchants and business owner...

S. KOREAN RULING DP MAY ESTABLISH AN ORGANIZATION FOR PREVENTION OF INDUSTRIAL DISASTERS

Highlights –

• S. Korean ruling DP may establish an organization for prevention of industrial disasters.
• The ruling DP is planning to consult with rival parties for the same.
• The DP is said to draft a revised Government Organization Ac...

SOUTH KOREA’S DP FIND WAYS TO SHARE BURDEN OF RENT FOR SMALL BUSINESS OWNERS

Highlights –

• South Korea’s DP find ways to share burden of rent for small business owners.
• DP Chairman Rep. mentioned getting landlords to slash rent for struggling small business owners.
• A proposal to revise the Commercial Buil...

DP Worlds Exit from the Dubai Stock Exchange:

DP World, a major Dubai based logistics company, has announced on Sunday the 16th, that it will be delisting itself from the Nasdaq Dubai stock exchange. Established in 2005 this logistics giant handles almost 10% of the global container traffic. The delisting will help the Port and Free World, w...

Jebel Ali Port, the biggest in the Middle East, now in the zone

Jebel Ali is the largest port in the Middle East and the 11th largest worldwide, with a multi-level car-equivalent facility with approximately 27,000 CEUs. In 2018, 82 percent of Dubai's automotive trade passed via Jebel Ali worth $31.6 billion in cars, pneumatics, components, and accessories...

Former Mossad agent hired by Dubai’s DP World

Ari Ben-Menashe, former Israeli intelligence agent was hired by UAE’s key ports firm DP World. He was signed on to seek US government’s help during the bid for Sudanese port terminal.

DP World signed a contract worth $5 million with Ben-Menashe’s Dickens & Madson f...