Category Archives: Business & Investments

Business & Investments

Hitachi Energy invests additional $250 million USD to address global transformer shortage  

  • More than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demand
  • The U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain
  • Builds on the $6 billion USD investment announced in 2024 – the largest in the industry in recent years to respond to the urgent need to upgrade power grids

　　　　　　　　　　　　　　　

Dubai, UAE, March 12, 2025 – Hitachi Energy announced today at CERAWeek additional major investments of more than $250 million USD by 2027 to expand global production of critical components for transformers. This rapid follow-up to the recently announced $6 billion USD investment across the company portfolio reflects the escalating transformer shortage, which continues to increase.

Continue reading Hitachi Energy invests additional $250 million USD to address global transformer shortage   →
Business & Investments

AIM Congress 2025 to Host Roundtables Addressing Key Global Investment Trends and challenges

Abu Dhabi, UAE, 12 March 2025: The 14th edition of AIM Congress, set to take place from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre, will feature high-level roundtable discussions tackling the most pressing global investment challenges.

AIM Congress 2025 held under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”, these discussions aim to generate strategic recommendations that will reshape the global investment landscape.

Continue reading AIM Congress 2025 to Host Roundtables Addressing Key Global Investment Trends and challenges →
Business & Investments

Governments should grasp gender-responsive budgeting as an opportunity to address systemic gender disparities

Research highlighting progress on gender-responsive budgeting underlines how professional accountants are uniquely placed to play a central role in contributing to an inclusive society

Dubai, March 12, 2025: Gender-responsive budgeting (GRB) should be seen by policymakers and governments as a key tool for driving inclusive growth and systemic change. In new research, Gender-responsive budgeting: unlocking the potential, global accountancy body ACCA draws on the experience of professional accountants and leaders across Eastern Europe, Eurasia and the Middle East.

Continue reading Governments should grasp gender-responsive budgeting as an opportunity to address systemic gender disparities →
Business & Investments

Mastercard and LikeCard launch family banking solution to make smart spending simpler

  • New digital solution enhances financial responsibility and secure money management for parents and children in Egypt, Saudia Arabia and the UAE

Dubai, UAE; 11 March 2025: Mastercard and LikeCard, one of the leading platforms of ecommerce prepaid cards in the Middle East and North Africa (MENA) region, have partnered to launch an innovative family banking solution designed to enhance financial literacy and responsible spending. The platform empowers parents and children with a seamless and secure digital banking experience, helping families make smarter financial decisions together.

Continue reading Mastercard and LikeCard launch family banking solution to make smart spending simpler →
Business & Investments

Blue Ocean Global revolutionises e-commerce, amplifying brand presence on major platforms

With a distribution network spread across 40+ countries and significant presence on major online channels, Blue Ocean Global facilitates faster market penetration for regional and international brands

Date: Dubai, UAE, March 11, 2025

Blue Ocean Global, one of the largest e-commerce distributors in the UAE and KSA, continues to empower leading brands to make their mark in the UAE and globally, facilitating ease of market access and distribution on leading e-commerce platforms.

Continue reading Blue Ocean Global revolutionises e-commerce, amplifying brand presence on major platforms →