Daily Archives: January 11, 2024

Business & Investments

Forbes Middle East’s Under 30 Summit Set To Shine In El Gouna, Egypt

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Forbes Middle East’s Under 30 Summit Set To Shine In El Gouna, Egypt

  • Over 1,500 people are set to gather in El Gouna for the Under 30 Summit 2024.
  • Emirati entrepreneur and interviewer Anas Bukhash will chair the summit.
  • The second edition of the Under 30 Summit El Gouna will be held from January11-13, 2024.

UAE, January 10, 2024:More than 1,500people have already signed up to attend Forbes Middle East’s second annual Under 30 Summitin El Gouna,the fully integrated and sustainable town by Orascom Development by the Red Sea, from January 11-13, 2024. This exciting event will bring together the Arab region’s most exceptional young minds to discuss how they are navigating their journeys to success and how they can use their influence to help and inspire others and create positive change in the world. The Under 30 Sumit El Gouna 2024 promises to be a landmark event, empowering the next generation of leaders, fostering creativity and innovation, and celebrating the achievements of young visionaries across the Middle East.

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Real Estate

Iman Developers Breaks Ground on Dh 415 Million 10 Oxford

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Iman Developers Breaks Ground on Dh 415 Million 10 Oxford

Nestled in JVC, what distinguishes 10 Oxford is its expansive 52,000 square feet of amenity space.

January11, 2024

Iman Developers, one of the leading luxury residential developers in Dubai, is thrilled to announce that it has broken ground on their latest masterpiece, 10 Oxford, a prestigious project valued at Dh 415 million. Nestled in the vibrant community of Jumeirah Village Circle (JVC), 10 Oxford is an extraordinary project that seamlessly fuses contemporary living with nature, thanks to its Zen-inspired biophilic design.What sets this development apart is its generous 52,000 square feet of amenity space, one of the largest within Iman’s portfolio.

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Business & Investments

Hitachi Energy completes acquisition of COET

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Hitachi Energy completes acquisition of COET

Strategic acquisition adds advanced power electronics technology and production capacity for electric vehicle charging infrastructure and other grid-edgeapplications

Dubai, January11, 2024–Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility, rail, and industry, based in the greater Milan area of Italy. The acquisition strengthens Hitachi Energy’s global position and offering in high-power electric vehicle charging infrastructure, power electronics, and the grid edge.

Hitachi Energy and COET have a long-standing collaboration focused on Hitachi Energy’s portfolio of Grid-eMotion®high-power charging infrastructure solutions. COET is also aleading designer, manufacturer, and supplier of DC traction products and components for rail and AC and DC equipment for high-power industrial applications.

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Business & Investments

Conares to spearhead revolutionary green steel manufacturing in the UAE, committing to net zero by 2050

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Conares to spearhead revolutionary green steel manufacturing in the UAE, committing to net zero by 2050

DUBAI – January 11th, 2024: Conares, the UAE’s second-largest steel manufacturer, has announced its commitment to achieving net zero carbon emissions by 2050. This pledge aligns with the UAE’s ambitious 2050 environmental goals and reinforces the company’s role as a trailblazer in sustainable manufacturing.

Supported by a strategic roadmap, Conares is set to achieve 50 per cent of its net zero goals by 2040 and netzero by 2050. The manufacturer’s commitment to contribute significantly to the UAE’s ambitious target of a 93 per cent reduction in carbon emissions by 2050 underscores its role as a pioneer in the steel industry.

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