Category Archives: Business & Investments

Business & Investments

Ministry of Economy reviews the new Consumer Protection Law and its implementing regulation

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Ministry of Economy reviews the new Consumer Protection Law and its implementing regulation

H.E. Al Saleh: The law and its regulation mark a real turning point in government’s efforts to develop the UAE’s consumer protection system

Abu Dhabi, 11 January 2024:

The Ministry of Economy held a briefing session today, during which it reviewed the main developments concerning the legislation and policies for the development of the UAE’s consumer protection system. These include Federal Decree Law No. 5 of 2023 amending the Federal Law No. 15 of 2020 on consumer protection, and its executive regulation issued by Cabinet Decision No. 66 of 2023. The briefing took place in the presence of H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy.

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Business & Investments

Forbes Middle East’s Under 30 Summit Set To Shine In El Gouna, Egypt

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Forbes Middle East’s Under 30 Summit Set To Shine In El Gouna, Egypt

  • Over 1,500 people are set to gather in El Gouna for the Under 30 Summit 2024.
  • Emirati entrepreneur and interviewer Anas Bukhash will chair the summit.
  • The second edition of the Under 30 Summit El Gouna will be held from January11-13, 2024.

UAE, January 10, 2024:More than 1,500people have already signed up to attend Forbes Middle East’s second annual Under 30 Summitin El Gouna,the fully integrated and sustainable town by Orascom Development by the Red Sea, from January 11-13, 2024. This exciting event will bring together the Arab region’s most exceptional young minds to discuss how they are navigating their journeys to success and how they can use their influence to help and inspire others and create positive change in the world. The Under 30 Sumit El Gouna 2024 promises to be a landmark event, empowering the next generation of leaders, fostering creativity and innovation, and celebrating the achievements of young visionaries across the Middle East.

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Business & Investments

Hitachi Energy completes acquisition of COET

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Hitachi Energy completes acquisition of COET

Strategic acquisition adds advanced power electronics technology and production capacity for electric vehicle charging infrastructure and other grid-edgeapplications

Dubai, January11, 2024–Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility, rail, and industry, based in the greater Milan area of Italy. The acquisition strengthens Hitachi Energy’s global position and offering in high-power electric vehicle charging infrastructure, power electronics, and the grid edge.

Hitachi Energy and COET have a long-standing collaboration focused on Hitachi Energy’s portfolio of Grid-eMotion®high-power charging infrastructure solutions. COET is also aleading designer, manufacturer, and supplier of DC traction products and components for rail and AC and DC equipment for high-power industrial applications.

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Business & Investments

Conares to spearhead revolutionary green steel manufacturing in the UAE, committing to net zero by 2050

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Conares to spearhead revolutionary green steel manufacturing in the UAE, committing to net zero by 2050

DUBAI – January 11th, 2024: Conares, the UAE’s second-largest steel manufacturer, has announced its commitment to achieving net zero carbon emissions by 2050. This pledge aligns with the UAE’s ambitious 2050 environmental goals and reinforces the company’s role as a trailblazer in sustainable manufacturing.

Supported by a strategic roadmap, Conares is set to achieve 50 per cent of its net zero goals by 2040 and netzero by 2050. The manufacturer’s commitment to contribute significantly to the UAE’s ambitious target of a 93 per cent reduction in carbon emissions by 2050 underscores its role as a pioneer in the steel industry.

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Business & Investments

Davos 2024: A window into the reorganisation of large-scale flows of capitalaround the transition

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Davos 2024: A window into the reorganisation of large-scale flows of capitalaround the transition

Thomas Hohne-Sparborth, Head of Sustainability Research, Lombard Odier IM

The new year is well and truly underway, the mountains around Davos have turned a snowy white, and the 2024 edition of the World Economic Forum is about to begin. What can investors expect?

As in previous years, somewhere between 2,000 and 3,000 official guests will attend – many from the business community, as well as government and NGO representatives. Innumerable unofficial participants will round out the crowd, flocking to the countless satellite events taking place throughout the week.

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