Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
World Economic Forum
Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria
Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial...
World Economic Forum
Business
DEWA commissions two new transmission substations
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with...
- DEWA inaugurated a new transmission 400/132kV substation in Jebel Ali First.
- DEWA inaugurated an overhead cables with a conversion transmission of 2,000 MVA, at a total cost of US$92 million.
Economy
Abu Dhabi’s GDP expands by 11.2 percent in first half of 2022
The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022 which hit...
- The real GDP value (at constant prices) exceeded AED543 bn ($147 bn) and the value of the non-oil sectors' GDP increased AED28.4 bn compared to H1 to reach AED273 bn in total.
- According to data released by SCAD, the mining and quarrying activities (including crude oil and natural gas) contributed 49.7 percent to the real GDP.
Economy
Jordan looks to partner with private sector to prop up economy
Amman, Jordan— The Kingdom of Jordan intends to foster a "robust partnership" with the private sector of the country that...
- He said the economic modernization scheme set a roadmap for the next stage to stimulate and advance the national economy
- Shamali said the department has a reform scheme to provide facilities to importers and exporters at border crossings
Economy
In rain-starved Iraq, a dam threatens to swallow farmland
Five villages are located on the site of the Makhoul dam and "a commission has been formed to ensure adequate...
- Tens of thousands of Iraqis are threatened by the Makhoul dam, which the government hopes will be operational on the mighty Tigris in five years
- There are repercussions for flora and fauna, warn environmental groups Save the Tigris and Humat Dijlah, who say the ancient city of Ashur -- a UNESCO listed site -- is at risk
Economy
China’s zero-Covid policy ignites rare protests in Shanghai
In a rare display of anger against the Chinese government, scores of protestors took to the streets of Shanghai early...
- A deadly fire on Thursday in Urumqi, the capital of northwest China's Xinjiang region, spurred an outpouring of anger as many social media users blamed lengthy Covid lockdowns
- Video taken by an eyewitness on Sunday showed people gathering in central Shanghai to mourn the 10 victims killed in the Urumqi fire
Economy
Updated labor laws give UAE job market an edge as cap removed on fixed-term employment contracts
Both employers and employees stand to benefit from the UAE's recent labor law amendments, Ben Brown, Partner at the law...
- Both employers and employees stand to benefit from the UAE's recent labor law amendments, says Ben Brown, Partner at the law firm Addleshaw Goddard
- To conform to the new UAE labor laws, many firms have already handed three-year fixed-term employment contracts to their employees
Science
NASA successfully places Orion spacecraft in lunar orbit
WASHINGTON, UNITED STATES - NASA's Orion spacecraft was placed in lunar orbit Friday, officials said, as the much-delayed Moon mission...
- The spacecraft is to take astronauts to the Moon in the coming years -- the first to set foot on its surface since the last Apollo mission in 1972.
- While in lunar orbit, flight controllers will monitor key systems and perform checkouts while in the environment of deep space, the agency said.
Geostrategy
Europe promises continuous support to Ukraine against Russia
Several European leaders were in Kyiv on Saturday to commemorate the victims of the 1932-33 Holodomor -- Ukrainian for "death...
- Ukrainian President Zelensky said his country will continue to resist Russian attacks that have systematically targeted Ukraine's energy grid
- "Ukrainians went through very terrible things... Once they wanted to destroy us with hunger, now -- with darkness and cold," Zelensky said
Science
MoCCAE highlights role of UAE Climate Change Research Network
SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE...
- The network aims to support collaborative research programs by creating a platform for engaging the academic and scientific community.
- Drawing the participation of 100 attendees, the event explored several key topics, including promoting science and policy engagement for climate action.
Geostrategy
Faroe Islands renew fishing quota deal with Russia
COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's...
- The agreement between Faroe Islands and Russia has been in place since 1977 and is renewable each year.
- The autonomous territory is highly dependent on fishing for its income and the fisheries ministry says the deal with Russia covers 5 percent of its GDP.
Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
World Economic Forum
Company News
Latest News
Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?
The expected injection of billions of dollars into the retail business through sale of varied items can turn out to...
Business
Electricity plays key role in making UAE sustainable
“In the UAE, we recognize the energy security and climate challenges and have devised multiple strategies to make the sector...
Economy
UAE non-oil activities to continue to see robust growth in 2024: OPEC
Vienna, Austria--The UAE's non-oil economic activities continued to see robust performance and are expected to extend healthy development into 2024,...
Economy
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Analysis
Saudi pioneering solutions for water scarcity
The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.
- Water scarcity is 500 cubic meters per capita, while Saudi Arabia's annual per capita share of water does not exceed 89.5 cubic meters.
- The Saline Water Conversion Corporation has signed agreements with several major corporations to tackle water scarcity.
Business
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
- London Stock Exchange has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk.
- This follows the bank’s recent successful listing of US$750 million AT1 perpetual sukuk.
Business
Sustainability in style: UAE’s couture goes green
The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...
- In the UAE, environmentally friendly, competitively priced, stylish, and high-quality products are increasingly being offered by brands
- They use organic cotton and other environmentally friendly materials like bamboo, hemp, and recycled polyester