Category Archives: Business & Investments

Business & Investments

iDEA and Global Fintech Alliance Spearhead Financial Innovation at Dubai Fintech Summit 2024

International Digital Economies Association (iDEA) and Global Fintech Alliance Spearhead Financial Innovation at Dubai Fintech Summit 2024

Dubai, May 13th – The International Digital Economies Association (iDEA) and the Global Fintech Alliance convened at the Dubai Fintech Summit from May 6 to 7, 2024, hosted at the prestigious Madinat Jumeirah. Organized by the Dubai International Financial Centre (DIFC), this seminal event marked a pivotal moment in the evolution of financial technology, bringing together luminaries, policymakers, and influencers to chart the course of FinTech and finance on a global scale.

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Business & Investments

Savoye to highlight significance of AI and automation solutions in supply chain and logistics sector at Seamless Middle East 2024

Savoye to highlight significance of AI and automation solutions in supply chain and logistics sector at Seamless Middle East 2024

  • Middle East’s warehouse automation market is forecasted to grow at a compound annual growth rate (CAGR) of 17.5 percent, reaching USD 1.6 billion by 2025
  • At Seamless Middle East 2024, the company will showcase its expertise and the latest cutting-edge technology in the supply chain and logistics sector.
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Business & Investments

Wilo surpasses AED 7.82 billion in net sales globally in 2023

Wilo surpasses AED 7.82 billion in net sales globally in 2023 with strong focus on sustainability and diversification

Company holds significant potential in the Middle East and Africa pump market, which is expected to grow to USD 11.93 billion by 2028

UAE, May 13, 2024

Wilo Group, a leading pump manufacturer and digital pioneer in the pump industry, reveals remarkable financial results for the fiscal year 2023, and continues to grow profitably and sustainably. Despite a challenging market environment, the multinational technology group achieved record net sales of around AED 7.82 billion in the 2023 financial year. This corresponds to a currency-adjusted increase of 10.4 per cent compared to the previous year.

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Business & Investments

Hitachi Energy supports long-term operation of largest HVDC-connected wind energy project in U.S.

Hitachi Energy supports long-term operation of largest HVDC-connected wind energy project in U.S.

Multi-year agreement provides service solutions to the SunZia Transmission Project, linking New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to Western State

Dubai, May 13, 2024 – Hitachi Energy announced that it has signed a multi-year agreement with Pattern Energy to support its high-voltage direct current (HVDC) technologies for the SunZia Transmission Project. The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering renewable energy.

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Business & Investments

شركة بن غاطي للتطوير تستحوذعلى مصنع لتصنيع الحديدالحديث في دبي

شركة بن غاطي للتطوير تستحوذ على مصنع لتصنيع الحديد الحديث في دبي

دبي، الإمارات العربية المتحدة، الاثنين 13 مايو 2024 – أعلنت بن غاطي للتطوير، الشركة الرائدة في مجال العقارات في دبي عن استحواذها على إحدى شركات التطوير العقاري لصناعة الحديد في دبي. ويمثل الاستحواذ الجديد على المصنع إنجازًا بارزًا يعكس التزام بن غاطي بالابتكار والتميز في القطاع العقاري.

وسيتم تجهيز المصنع بأحدث التقنيات، بحيث يكون مركزًا رئيسيًا لفريق بن غاطي الداخلي المتخصص من المصممين والمهندسين المعماريين وخبراء التصنيع. ومن المتوقع أن يتم تصنيع هياكل تصميم الواجهات في المعمل، وتتضمن عناصر من التيجان المميزة التي تشتهر بها أحدث مشاريع بن غاطي العملاقة مثل برج بن غاطي جاكوب آند كو ريزيدنسز ومرسيدس بنز بليسز.

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