Daily Archives: September 12, 2023

Business & Investments

Motul launches NGEN range of engine oil in ME, Merging Performance with Sustainability

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Motul launches NGEN range of engine oil in ME, Merging Performance with Sustainability

The significant step towards showcasing a resolute commitment to sustainability, while keeping Motul’s legacy of high-performance oils in the market, reduces carbon footprint significantly in the manufacturing process.

Dubai – September 12th, 2023: Motul, one of the world’s leading companies specializing in the formulation, production, and distribution of high-tech engine oils, has announced the launch of its NGEN range of engine oil in the Middle East. Motul aims to tackle new challenges in the marketplace with this new engine oil that combines sustainability and high performance.

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Business & Investments

Winners Announced at Inaugural GPCA Carbon Neutrality Cup

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Winners Announced at Inaugural GPCA Carbon Neutrality Cup

Winners were celebrated in a star-studded recognition ceremony as part of the 5th GPCA Responsible Care Conference on 6 September 2023

Manama, Bahrain, 12 September 2023 – The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, announced today the winners of the inaugural GPCA Carbon Neutrality Cup, whose ground-breaking ideas were recognized in a special award ceremony during the gala dinner of the 5th GPCA Responsible Care Conference held in the Ritz-Carlton, Manama, Bahrain on 6 September 2023.

The chemical industry accounts for 30% of total industrial energy use and is the third largest industry in terms of direct CO2 emissions[1]. Yet only about 17% of chemical companies globally have a science-based net-zero target[2]. To help bridge the gap between the chemical industry and academia and encourage the development of more science-based net-zero solutions, GPCA launched a brand-new competition titled the GPCA Carbon Neutrality Cup. The competition attracted 28 bright and innovative ideas from senior undergraduate and postgraduate students in the field of STEM – all aimed at supporting the transition to net-zero across the downstream value chain.

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Business & Investments

UAE’s Financial Wealth to Grow by 5.5% Annually, Reaching USD 1.3 Trillion by 2027

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UAE’s Financial Wealth to Grow by 5.5% Annually, Reaching USD 1.3 Trillion by 2027

  • In 2022, 25% of the UAE’s financial wealth came from Ultra High Net Worth individuals worth more than USD 100 million, and individuals with wealth between USD 1 million – USD 20 million held another 32%
  • A new BCG report projects that the UAE’s financial wealth will increase from USD 1 trillion in 2022 to USD 1.3 trillion in 2027
  • Equities & investment funds remain the largest asset class in the UAE, making up 58% of total onshore personal wealth in 2022, with bonds expected to have the fastest growth at an 8.4% CAGR between 2022 – 2027
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Education

Canadian University Dubai journalism graduate trades aviation for entrepreneurship

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Former flight attendant embarks on start-up journey

Canadian University Dubai (CUD) graduate, Fouzia Lkbiech, has traded a career in aviation for life as an entrepreneur, as she embarks on a journey to establish two new businesses in the UAE. Combining her passion for communication with her natural entrepreneurial spirit, Fouzia founded her own agency, Sponge Digital Marketing, last year. Building on the success of her business development strategies, Fouzia has also recently launched her longstanding passion project, a bridalwear and haute couture house, Fashion Atelier.

Canadian University Dubai (CUD) graduate, Fouzia Lkbiech

Moving to Dubai from Morocco at the age of 21, Fouzia started her professional journey as a flight attendant, taking the opportunity to travel the world and immerse herself in a multi-cultural environment. After three years in the aviation industry, she took the bold decision to embark on a new journey of self-discovery and enrolled in the Bachelor of Arts in Communication, Digital Media and Journalism program at CUD. Juggling her degree studies around caring for her young family, Fouzia ultimately graduated in the Class of 2020 with a 3.9 GPA.

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Health Care

RAK Hospital Webinar Unlocks the Power of Exercise in Diabetes Management

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RAK Hospital Webinar Unlocks the Power of Exercise in Diabetes Management

Exercise is akin to medicine in the treatment of diabetes. 30 minutes of exercise can reduce the risk of diabetes by 40%

Safety precautions and Exercise protocols for Diabetics were explained during the session

Session advised on being vigilant about the warning signs such as extreme fatigue, pain, dizziness, palpitations, fever, chest pain, or irregular heartbeat when performing exercises.

Wearing a diabetes identification bracelet is encouraged to ensure prompt medical attention in case of emergencies.

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