Search Site

Trends banner

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Schneider, ADH sign MoU

The two firms will collaborate on projects in Egypt and beyond.
  • Utilizing and building EcoStruxure platforms will be the cornerstone of these collaborations, said a Schneider executive.
  • He said these platforms are designed to enable the use of innovations like the Internet of Things.

Schneider Electric has signed a Memorandum of Understanding with the real estate developer Arab Developers Holding to collaborate on a number of projects within Egypt and beyond.

“Utilizing and building EcoStruxure platforms will be the cornerstone of these collaborations, enabling our partners to establish and manage different components of the smart infrastructure in an optimal way,” said Fouad Zayed, Vice President of Digital Energy & EcoStruxure for Egypt, North-East Africa and Levant Cluster, Schneider Electric.

He said these platforms are designed to enable the use of innovations like the Internet of Things (IoT), and it is planned to use EcoStruxure platforms in executing and managing electricity, water, and gas networks, as well as ventilation and air conditioning systems.

“Another edge is that they also allow for an easy management of networks and databases and comes fully complete with a fully functional operations control unit,” he said.

Ayman Khalifa, Group Chief Executive Officer of Arab Developers Holding, said the MoU signed with Schneider Electric comes within the framework of the company’s commitment to meet its clients’ expectations by offering smart cities that will be the first of their kind in the local market.