Category Archives: Business & Investments

Business & Investments

Hitachi Energy’s new Relion REF650 delivers advanced protection and control for power distribution applications

  • All-newrelay ready to meet the demands of distribution automation and medium-voltage applications
  • Complemented by anIEC61850 Ed 2.1 compatible configuration toolto maximize security and interoperability
  • Demonstrates visionof a smarter, modular, and actively managed distribution network

Come see the REF650 at Cigre, Hitachi EnergyPalais des congrès, Stand No. S175

Dubai, UAE,Sep.18, 2024 – Today, Hitachi Energy achieved another milestone in extending its distribution automation offering with the launch of the Relion REF650 multi-application protection and control relay, specifically designed for medium-voltage power distribution grids. Enhancedflexibility, modularity, security, and a new, intuitive user interface make the REF650 uniquely suited forthe evolving power quality requirements acrossutilityand industrial operations.

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Business & Investments

Aggreko launches mid-size low emission Battery Energy Storage Systems in the Middle East

Dubai, UAE; September 18, 2024: To support regional companies making the transition to a greener future, Aggreko has introduced two new mid-size commercial Battery Energy Storage Systems (BESS) for smarter energy management. The newly launched range of fully integrated plug-and-play BESS solutions come in two sizes – 500 KW and 250 KW, to suit a wide range of industrial and commercial energy storage applications. They ensure maximum system effectiveness and deliver optimal system performance, minimise operating costs and reduce carbon footprint.

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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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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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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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