Monthly Archives: August 2024

Business & Investments

Informa Connect Hosts Saudi Strategy Week to Empower Leaders for Vision 2030 Success

  • Saudi Strategy Week will offer expert-led sessions, real-world case studies, and networking opportunities to advance strategic know-how
  • The event also includesmanycertified workshops from the Balanced Scorecard Institute, George Washington University and CPDproviding practical tools and techniques to enhance strategy and execution capability

5thAugust 2024, United Arab Emirates:Saudi Strategy Week, scheduled from September 29 to October 3, 2024, at the Crowne Plaza Riyadh RDC Hotel & Convention. The event, organised by Informa Connect and Tahaluf is a crucial initiative that brings together strategy leaders to network, debate and share knowledge to design and execute strategies that bring Saudi Vision 2030 to life.

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Business & Investments

Presight shows strong revenue and profit growth inH1 2024 financial results

Presight reports H12024 results demonstrating year-on-year increase

in revenue and profitabilityunderpinned by

multi-year contracts, favorable deployment mix and AIQ contribution

Abu Dhabi, UAE 5August 2024– Presight AI Holding PLC (“Presight” or the “Company”), (ADX: PRESIGHT) today announced first half results for the six months to 30thJune 2024,with strong growth in year-on-year revenue and profitability,underpinned by multi-year contracts, positive deployment mix, and the contribution from AIQ.

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Business & Investments

EGA ships bauxite cargo using LNG-fuelled ship in world decarbonisation first

Abu Dhabi, United Arab Emirates: 5 August 2024: Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, today announced the world’s first bauxite cargo shipment using a Liquefied Natural Gas-fuelled vessel.

The shipment, in a Capesize ship, is carrying bauxite mined by EGA subsidiary Guinea Alumina Corporation to a customer in China.

LNG-fuelled ships can achieve up to 28 per cent lower greenhouse gas emissions on a tank-to-wake basis compared to vessels using traditional marine bunker fuel, according to SEA-LNG, a multi-sector industry coalition. The global shipping industry as a whole was responsible for over two per cent of the word’s greenhouse gas emissions in 2022, according to the International Energy Agency.

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Business & Investments

ICBA, Green University Partner for Sustainable Agriculture in Uzbekistan

  • Dr. Tarifa Alzaabi, Director General of ICBA, signs an MoU with Green University in Uzbekistan.
  • The collaboration aims tofocus on agricultural research, capacity development, and sustainability, among other things.

Tashkent, Uzbekistan, August 5, 2024 – The International Center for Biosaline Agriculture (ICBA) has formalized its collaboration with the Central Asian University of Environmental and Climate Change Studies, also known as Green University, by signing a memorandum of understanding.

The agreement was signed by Dr. Tarifa Alzaabi, Director General of ICBA, and Dr. Jasur Salikhov, Acting Rector of Green University, during a ceremony in Tashkent, Uzbekistan.The signing ceremony was attended by H.E. Mohammad AlDaheri, Head of Economic, Political, and Media Affairs Section at the Embassy of the UAE in Tashkent, Uzbekistan.

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Business & Investments

IHC Announces Formation of Rorix Holdings, a Global Trading and Trade Facilitation Conglomerate

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Abu Dhabi, UAE – 5th August 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, has formed Rorix Holdings, a groundbreaking global finance and trade facilitation company focused on financial services, trade finance, advisory, commodities and trade insurance sectors. The strategic move will lead to more inclusive economic development by serving as an entry point through the UAE for local, regional and global businesses to access new markets.

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