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Business & Investments

Ma Hawa: MENA Home to 15 Most Water-Scarce Countries Requiring Further Innovation to Ensure Water Security

Abu Dhabi, United Arab Emirates; 18 September 2024:

The Middle East and North Africa (MENA) region faces an unprecedented water crisis, with 15 out of the 20 most water-scarce countries located in the region. At the same time, reports suggest that by 2030, the amount of water available per capita in the MENA will plummet below the absolute water scarcity threshold of 500 cubic meters per person. To address these critical issues, much more collaboration, R&D efforts and innovative technology transformation are needed, while innovative water-sourcing solutions play a crucial role.

 This was highlighted by Amro Asmael, Head of Marketing at Ma Hawa, during a panel discussion at the Arab Water Forum, happening as a part of the World Utilities Congress 2024 at the ADNEC, Abu Dhabi. The panel addressed the potential AI and other technologies in the future of water resource management under the theme, “Digital Transformation & AI for Smart Water Management.”

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Featured

The 6th Arab Water Forum

6th Arab Water Forum opens in collaboration with the World Utilities Congress: Thought Leaders Unite for Water Security and Sustainability

  • High-level discussions and technical sessions focus on regional cooperation, climate resilience, and innovative solutions for sustainable water management.

Abu Dhabi, UAE – 17 September 2024: The 6th Arab Water Forum, held in partnership with the World Utilities Congress, officially opened yesterday in Abu Dhabi, bringing together global leaders, policymakers, and industry experts to address critical challenges in water security and sustainability. The event serves as a platform for collaboration and innovation in the utilities sector.

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Business & Investments

Non-oil growth remains robust despite looming uncertainties, highlights latest PwC Middle East Economy Watch report

  • Non-oil growth outturn so far for 2024 is encouraging with 4% in UAE, 3.7% in KSA, 3.8% in Oman and Kuwait returning to growth at 4.7%
  • Outlook for further non-oil growth remains positive for 2025 as US interest rates fall enabling GCC states to also lower rates
  • OPEC+ agrees to extend cooperation and push back planned tapering amid softer demand forecasts as oil falls towards the $70 mark increasing fiscal uncertainty
  • Funding support from the UAE and third parties including IMF, World Bank and the European Union, has enabled a strong recovery in Egypt.
  • GCC well positioned to capitalise on the AI revolution amid local innovation and international investment
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Technologies

Uber Runs on Oracle Cloud Infrastructure

OCI helps power more than one million trips every hour and 14 million predictions per second

OCI helps power dozens of AI models that are used in every Uber trip

Oracle CloudWorld, Las Vegas and Dubai, UAE – September 16, 2024 – Uber, the largest on-demand mobility and delivery platform in the world, relies on Oracle Cloud Infrastructure (OCI) to help support the rapid growth and more than one million trips that Uber powers every hour. Uber has modernized its application tier and AI infrastructure and migrated much of its operational big data and streaming stack to OCI to help it drive profitable growth, deliver new products to market, and accelerate innovation.

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Business & Investments

Dubai Business Associates welcomes tenth cohort

  • Highly competitive fully-funded programme selects 27 talented graduates from more than 5,000 international applicants
  • 22 countries represented in nine-month programme

Dubai, UAE – 16 September 2024: Dubai Business Associates (DBA), one of the world’s most prestigious programmes for future leaders, has proudly welcomed 27 Associates from 22 countries to form the 2024/2025 cohort.

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