INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.