Category Archives: Business & Investments

The DFSA adopts the UAE principles for the effective management of climate-related financial risks ahead of COP28

The DFSA adopts the UAE principles for the effective management of climate-related financial risks ahead of COP28

Dubai, UAE, 16 November, 2023The Dubai Financial Services Authority (DFSA), a founding member of the UAE Sustainable Finance Working Group (SFWG), took a significant step by adopting, alongside other financial regulators of the UAE, the Principles for the effective management of climate-related financial risks (the Principles). This is the Middle East region’s first initiative of this nature. Last Thursday, the DFSA, together with other members of the SFWG, attended an official ceremony hosted by the Central Bank of the UAE to launch the Principles.

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Hong Kong to host five international trade fairs early next year, seeks UAE companies’ engagement

Hong Kong to host five international trade fairs early next year, seeks UAE companies’ engagement

HKTDC plans to take the bilateral trade relations between the UAE and Hong Kong to the next level with the global trade fairs to be held in Hong Kong.

Dubai – November 16, 2023: Hong Kong Trade Development Council (HKTDC), the statutory trade body for the promotion and creation of opportunities for Hong Kong’s businesses in the global markets, has announced its plans to host five international trade fairs early next year in Hong Kong. The trade fairs offer ideal platforms for traders and suppliers from the UAE and the region to expand their businesses into new markets.

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Intermobility Expo 2023: Informa Connect Paves the Way for Sustainable Transportation Solutions

Intermobility Expo 2023: Informa Connect Paves the Way for Sustainable Transportation Solutions

  • Held at the Dubai World Trade Centre, from the 21st – 23rd of November 2023, the Intermobility Expo will bring together more than 3,000 attendees from more than 90 countries to discuss the roads, rail, and transport sectors.
  • Divided into three days, the power-packed agenda for the Intermobility Expo has a combination of technical seminars, illuminating fireside chats, panel discussions, interactive conferences, and inspiring keynote speeches from industry professionals.
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GHAYA’s ‘WORLD WITH PURPOSE’ summit

GHAYA’s ‘WORLD WITH PURPOSE’ summit leads conversation on purpose-driven leadership and sustainable business practices in UAE

Dubai – November 16, 2023: GHAYA, the UAE-based “purpose to impact” strategy consultancy, successfully concludes the inaugural WORLD WITH PURPOSE Summit 2023. Under the patronage of the UAE Ministry of Economy and in partnership with MAJRA, National CSR Fund, global leaders and visionaries gathered to inspire purpose-driven leadership and sustainable practices.

Global leaders and organizations present at the event made the WORLD WITH PURPOSE Pledge. The Pledge unites global leaders and organizations in prioritizing purpose-driven practices, supporting the UN Sustainable Development Goals, and actively contributing to social and environmental impact. This collective commitment fosters collaboration for a sustainable and inclusive future.

H.E. John Mirenge, Rwanda’s Ambassador announced the next edition of WORLD WITH PURPOSE in Rwanda under the Rwanda Development Board and Imbuto Foundation’s auspices, scheduled for early 2025. This year’s event also featured the Impact Seal Award Ceremony by MAJRA, National CSR Fund, a Knowledge Partner of WORLD WITH PURPOSE 2023. Celebrating 57 outstanding companies, these awards honoured excellence in sustainability and purpose-driven initiatives.

H.E. Badreya Al Maidoor, Assistant Undersecretary at the UAE Ministry of Economy commended the WORLD WITH PURPOSE Summit during the keynote speech, stating, “In a world navigating the complexities of post-pandemic recovery, geopolitical tensions, and the looming spectre of climate change, forums like the WORLD WITH PURPOSE Summit are not just venues for dialogue but beacons of action towards an impact-driven economy. We are at a pivotal juncture where the integration of purpose and policy is not merely aspirational but essential.”

Commenting on the event’s success, Roberta Calarese, Founder and Chief Executive Officer of GHAYA, said, “We were delighted to be in the presence of world leaders and visionaries, united for transformative discussions. GHAYA’s mission is to inspire business leaders to redefine the trajectory of businesses in the Middle East and Africa, fostering purpose-driven approaches to support the United Nations Sustainable Development Goals (UN SDGs).”

This year’s summit featured disruptive conversations and inspiring sessions led by an impressive line-up of speakers on subjects such as impact investing, climate action, and purpose-led business.

Among the highlights were “The Rise of a Global Impact Economy,” featuring speakers like Mr. Bertrand Badré on finance’s role in global well-being. Insights from Mr. Armen Sarkissian, former Armenian president, and discussions by Ramesh Srinivasan and Marie-Laure Schaufelberger underscored the summit’s multifaceted approach to global issues. The session “Unleashing the Power of Purpose-led Business as a Force for Good” included impactful presentations, notably Bruno Roche’s “Heal Business to Heal the World,” emphasizing the transformative potential of purpose-driven business models for sustainable and inclusive growth.

Several UAE youth leaders were invited to engage in discussions about co-creating a better future at the summit, contributing collective wisdom to discussions aligned with the theme, “Enabling the Rise of a Global Impact Economy.”

Tatiana Antonelli Abella, Founder and Managing Director of Goumbook and Co-Founder of Ghaya, said, “The discussions and workshops at this year’s WORLD WITH PURPOSE Summit emphasized the significance of collaboration and purpose-driven initiatives to unleash the power of business as a force for good. GHAYA remains committed to enabling global prosperity and creating a lasting impact on our world.”

The WORLD WITH PURPOSE Summit, a global platform, catalysed the transformation of businesses into positive forces. Focused on fostering purpose-driven leadership, it emphasized the significance of UN SDGs, nurturing impactful partnerships, and exchanging global thought leadership and innovative ideas for lasting change.

-Ends-

About GHAYA

GHAYA is a UAE-based “purpose to impact” strategy consultancy dedicated to empowering leaders and businesses to balance economic growth with social and environmental progress into their core operations. GHAYA’s mission is to champion embedding purpose at the core of business strategies and aligning them with the United Nations Sustainable Development Goals (SDGs), contributing to a global impact economy where no one is left behind.

HIMA introduces new SILworX version 14.0.0

From a programming tool to a hub for the digitalization of data from safety devices

HIMA introduces new SILworX version 14.0.0

Dubai, 16th November 2023

  • Efficiency gains in engineering, diagnostics and testing of safety applications
  • Plug-ins help to make the infrastructure more flexible
  • Collaborative engineering with a streamlinedapproach to working on multi-file
  • Automatic testing of safety equipment and communication

The development of new Industry 4.0 technologies and functions is much faster than the further development of classic process automation equipment. Adding new functions to safety devices requires particular care. The engineering, diagnostics and test tools in the new version ofSILworX® will become the hub for the digitalization of data from safety devices.

Whether in the engineering of large and distributed automation projects, in the diagnosis of faults or in regular testing, the specification, configuration and maintenance of safety devices in process plants requires a level of effort and careful attention that should not be underestimated. If new functions are added to components of safety devices, time-consuming recertification was traditionally necessary. HIMA is taking a new and important step in terms of digitalization with the next version of SILworX to help to reduce this effort through consistent digitalization and new functions in order to simplify these tasks while still being able to use modern Industry 4.0 functions flexibly.

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