Category Archives: Business & Investments

Trustin launches Middle East’s first regulated digital escrow platform after securing key ADGM FSP licence

With a game-changing solution, Trustin Limited is set to change the business landscape of the UAE and the Middle East with the region’s first digital escrow platform that eliminates the problem of collecting payment after deliveries and completing work

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Efficio’s Strategic Role in GCC’s $2 Trillion Giga Projects and Infrastructure Development

Dubai, United Arab Emirates. 06 August 2024: Governments and private sector companies in the Middle East are set for a fierce battle over the construction industry supply market for the next decade.  

Efficio – a global leader in capital planning, procurement, delivery, and supply chain management with a dedicated Capital Projects & Infrastructure practice – is advising and setting policy for a range of regional organisations to improve bankability for their capital portfolios while ensuring efficient delivery with the best value and quality from suppliers.

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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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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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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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