Category Archives: Business & Investments

Business & Investments

Gulf Electricity Interconnection Expansion Project, financed by Kuwait Fund

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Gulf Electricity Interconnection Expansion Project, financed by Kuwait Fund, to achieve energy security for Gulf countries and the Republic of Iraq

The Gulf Electricity Interconnection Expansion Project, led by the Gulf Cooperation Council Interconnection Authority (GCCIA), involves Gulf and regional cooperation to confront the challenges and the increasing demand for electricity in all Gulf states and the Republic of Iraq.

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The project would achieve great technical and economical benefits, as it would increase the capacity, efficiency, and reliability of the electrical network of GCCIA-member states, and ensure the sustainability of electrical energy at all times.

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Business & Investments

COP28 appoints Kuehne+Nagel as freight forwarding and logistics partner

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Kuehne+Nagel Group

COP28 appoints Kuehne+Nagel as freight forwarding and logistics partner

  • Kuehne+Nagel to act as the sole ground handler for COP28 at the Expo City in Dubai
  • Highlights the expertise of Kuehne+Nagel in the expo and events space
  • Underpins Kuehne+Nagel’s commitment to its science-based emission reduction targets and decarbonisation efforts

Dubai / UAE, September 18, 2023 – COP28 has appointed Kuehne+Nagel as the official logistics partner at the global 2023 UN Climate Change Conference in Dubai. From November 30 until December 12, the event is expected to convene over 70,000 accredited visitors to the restricted Blue Zone and 50,000 daily visitors to the public Green Zone. The appointment underpins Kuehne+Nagel’s capabilities in expo and events logistics, as well as its commitment to its science-based emission reduction targets and efforts to decarbonise logistics.

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Business & Investments

New sub-categories announced for 2nd Excellence and Creative Engineering Award

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New sub-categories announced for 2nd Excellence and Creative Engineering Award

Dubai, United Arab Emirates, 18 September 2023: The UAE Society of Engineers has announced two new sub-categories for the second edition of its Excellence and Creative Engineering Award (ECEA), which will accept entries until 17th of October.

The Excellence and Creative Engineering Award, envisioned by the late Sheikh Hamdan bin Rashid Al Maktoum, may he rest in peace, is the first of its kind in the UAE. Its fundamental purpose is to highlight best practices and innovative engineering models that have proven instrumental in advancing engineering projects across diverse areas.

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Business & Investments

New ADIPEC Global Youth Council to inspire next generation of energy leaders to accelerate the energy transition

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New ADIPEC Global Youth Council to inspire next generation of energy leaders to accelerate the energy transition

Abu Dhabi, 18 September 2023 – ADIPEC, the world’s largest energy conference and exhibition, has launched its first-ever Global Youth Council to amplify the diverse voices of young people from around the globe in the energy transition, as part of its commitment to inspiring the next generation to shape the energy system of the future and become future leaders of a responsible energy industry.

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Business & Investments

Saudi Exchange Launches Four New Indices

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Saudi Exchange Launches Four New Indices

  • The four new Tadawul indices are: The Tadawul Large Cap Index, Tadawul Medium Cap Index, Tadawul Small Cap Index, and the Tadawul IPO Index
  • The launch of the indices aligns with the Saudi Exchange’s ongoing initiatives to provide investors with enhanced benchmark opportunities and stimulate growth in new products for investors.

Riyadh, Saudi Arabia –18 September 2023 : The Saudi Exchange has launched four new indices, marking a significant step forward in the development of the Saudi capital market. These indices, based on company size and IPO performance, provide investors with a broad range of investment benchmarks while enabling institutions to offer new products to meet growing investor strategies.

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