Abu Dhabi, United Arab Emirates, July 30, 2019.  Downtown Abu Dhabi on a blistering 50 degrees Celsius day.  The Dhow Harbour across the Corniche.
Victor Besa/The National
Section:  standalone.
Abu Dhabi Dhow harbour on a blistering 50 degrees Celsius day. Victor Besa/The National 

UAE ‘satisfied’ after routine Iran maritime talks

The National

The UAE is “satisfied” with the results of a routine meeting between Emirati and Iranian officials to discuss local maritime matters, the state-run Wam news agency reported.

The sit-down on Tuesday between officials from both countries comes at a time of heightened tensions in the region after a string of attacks on tankers and the seizure of British-flagged Stena Impero earlier this month.

However, Salem Mohammed Al Zaabi, Director of the International Security Cooperation Department at the UAE Ministry of Foreign Affairs, said that the meeting was routine and part of periodic talks between officials from a joint committee to discuss local issues.

The talks cover maritime connections, illegal entries and smuggling, fishermen and shared borders, Wam quoted Mr Al Zaabi as saying.

He expressed his satisfaction with the results of the meeting and said that one of the aims of the talks is to safeguard Emirati nationals, including local fishermen who may operate near coastal borders.

Wam reported that he had highlighted the importance of these meetings to address routine maritime agenda issues between the two countries.

Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.