Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Vitronic signs contracts in MENA

Technology 'continually enhances our safety on our roads'.
  • Vitronic Middle East will install over 2,000 "cutting-edge traffic enforcement systems in high-risk areas" over the next few months.
  • It said In a statement that traffic management and enforcement systems provide benefits that go beyond the daily lives of individuals

Dubai, UAE–Vitronic Middle East says it will install over 2,000 “cutting-edge traffic enforcement systems in high-risk areas” over the next few months. 

The contracts are valued at $211 million.

“Traffic management and enforcement systems provide benefits that extend beyond the daily lives of individuals,” Vitronic said in a statement.

“These systems have positive effects on the country, ultimately enhancing the standard of living for its inhabitants. Road accidents have multiple implications for a country’s GDP. By reducing the occurrence of accidents, significant savings can be achieved in terms of medical emergency care expenses and deployments of police and other professionals.”

Monitoring and enforcement are vital to achieve road safety, it says.

“Witnessing firsthand how technology continually enhances our safety on our roads serves as the driving force behind our daily business operations,” says Youssef El Hansali, CEO, Vitronic Machine Vision Middle East.