Daily Archives: January 9, 2024

Business & Investments

Bahrain Steel Inks Agreement with a Consortium of Banks for a $450 Million Sustainability-Linked Loan

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Bahrain Steel Inks Agreement with a Consortium of Banks for a $450 Million Sustainability-Linked Loan

  • The loan will be tracked against a set of relevant Key Performance Indicators (KPIs) and ambitious SustainablePerformance Targets (SPTs)throughout its seven-year tenure
  • Bahrain Steel has set emission reduction targets,and have launchedcomprehensive employee training programs to bolster climate change and environmental risk knowledge

Manama, Kingdom of Bahrain – 8th January 2024:Bahrain Steel, a leading producer and global supplier of high grade iron ore pellets, announcedtoday the successful syndication of a $450 million Sustainability-Linked Loan (SLL). This milestone transaction, spanning seven years, underscores the company’s unwavering dedication to Environmental, Social, and Governance (ESG) principles. It also highlights the collective commitment of the lending consortium toward fostering tangible environmental impacts in tandem with their clients.

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Technologies

MSI Unveils Waves of AI-Ready Laptopsat CES 2024

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MSI Unveils Waves of AI-Ready Laptopsat CES 2024

Powered By The Brand New Intel® Core™ Ultra &Refreshed 14th Gen HX-series processors

Dubai, UAE – 8 January 2024:With the zeitgeist of AI technology taking the world by storm, MSI, a world-leading premium laptop brand, has taken it in stride through its professionalism over luxurious aesthetics, extreme performance and innovative technology. Announcing the latest AI-powered laptops lineup, with the NPU(Neural Processing Unit) built-in Intel® Core™ Ultraprocessor.Additionally, MSI has launched a series of 18” laptops featuring Intel® 14th Gen HX-series processors and the largest vapor chamber thermal modules, aiming to be the most powerful on the planet. The lineup also expands the use of 14th Gen HX-series processors across its new mainstream gaming and creator models, all equipped with the full power of RTX 40 series graphics and class-leading 6 vents for heat dissipation, providing immersive gameplay & smooth creation to users.

“We are excited to delve into AI, especially with how prevalent it is today,” said Eric Kuo, the Executive Vice President & NB BU GM of MSI. “MSI strives to stay ahead of the curve, and with our new AI-powered laptops, we are further establishing ourselves as a brand heeding our customers’ needs.”

“We’re proud to partner with MSI to deliver unparalleled experiences for users around the globe. And, the MSI Titan 18 HX, powered by our new Intel Core 14th gen HX processor, offers some of the most immersive mobile gameplay experiences possible. With the launch of these new processors we are providing gamers, creators and professionals the compute performance they need and expect from Intel and MSI.” – Michelle Johnston Holthaus, Executive Vice President and GM, Client Computing Group, Intel

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Technologies

Sennheiser’s ACCENTUM Wireless Makes Its Debut in the Middle East

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Sennheiser’s ACCENTUM Wireless Makes Its Debut in the Middle East, Promising Unmatched Audio Experience

Dubai, United Arab Emirates –8thJanuary 2024 – Sennheiser is pleased to announce the release of their newest noise-cancelling headphones, the ACCENTUM Wireless, in the Middle East. The ACCENTUM Wireless, which made its debut on September 26, 2023, will now be accessible for the first time in the Middle Eastern market, allowing this state-of-the-art technology to reach a whole new market. Personal audio devices have advanced significantly with the release of the ACCENTUM Wireless. Its carefully considered design offers an unmatched blend of outstanding comfort, robustness, and sound quality. The gadget redefines the standard for headphone performance and is an advancement in the audio technology sector.

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Business & Investments

Revolutionizing SME Operations in the Region with Cutting-Edge AI Solutions

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Revolutionizing SME Operations in the Region with Cutting-Edge AI Solutions

Dubai SMEenhances SME growth and shapes startups into financially-ready entities through a strategic partnership with CXDA

  • The collaboration shows clear commitment to reshaping the economy and revolutionising the SME finance landscape in the emirate
  • The partnership will target completion and standardisation of key information to provide SMEs easier access toshort-term debt solutions and generate liquidity

Dubai, UAE – 08January 2024:The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai Department of Economy and Tourism (DET), has joined forces with Chi-XDigital Assets (CXDA), a leading AI-based fintech platform that provides short-term debt products that help generate liquidity, facilitate investment, maximise economic growth, and enable SMEs to be bankable.

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