Business & Investments

Hitachi Energy invests over 30 million euros to expand transformer operations in Germany

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Hitachi Energy invests over 30 million euros to expand transformer operations in Germany

  • The expansion and modernization of the power transformer manufacturing facility in Bad Honnef will generate up to 100 new jobs in the region.
  • Set for completion in 2026, the investment expands the company’s global footprint and capacity at speed, addressing the accelerating demand for transformers to meet Europe’s energy transition.

Dubai, February 22, 2024 – Hitachi Energy today announced an investment of more than 30 million euros (approx. $32 million) in the expansion and modernization of its power transformer manufacturing facility in Bad Honnef, Germany. Expected to be completed in 2026, the project will generate up to 100 new jobs in the region and address the rising demand for transformers to support Europe’s clean energy transition.

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Featured

Union Coop Achieves 33% Emiratization by 2023’s Close, with 72% in Leadership Roles

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Union Coop Achieves 33% Emiratization by 2023’s Close, with 72% in Leadership Roles

Dubai, UAE: Union Coop’s CEO, Mohamed Al Hashemi, proudly announces that the cooperative has achieved an Emiratization rate of 33% by the end of 2023, marking one of the highest rates within the private sector. This milestone underscores Union Coop’s steadfast commitment to its strategic plan aimed at enhancing Emiratization rates and fostering national talent to spearhead the organization’s future endeavors.

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Automibiles & Motoring

THE ELITE CARS REVEALS ZENVO AURORA FOR THE FIRST TIME IN MENA

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THE ELITE CARS REVEALS ZENVO AURORA FOR THE FIRST TIME IN MENA

Aurora marks the lightest and most powerful road car Zenvo Automotive has ever produced

_The Elite Cars reveals Zenvo Aurora for the first time in MENA. The newest model comes in two distinct and purposeful derivatives, the Agil (L) and Tur (R), and will be li.jpg

The Elite Cars reveals Zenvo Aurora for the first time in MENA. The newest model comes in two distinct and purposeful derivatives, the Agil (L) and Tur (R), and will be limited to just 50 pieces of each model.

February 23, 2024, Dubai, UAE – The Elite Cars, the authorized distributor of Danish-brand Zenvo Automotive across the MENA region, launched the Zenvo Aurora on February 21, 2024. Inspired by the majestic Aurora Borealis, the launch event took place under the stars in the UAE at Atlantis The Royal located on Palm Jumeirah. The newest model comes in two distinct and purposeful derivatives, the Agil and Tur, and will be limited to just 50 pieces of each model. Notably, nearly 50% of the highly-anticipated models have already been booked pre-production.

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Featured

Prominent Philanthropist Firoz Merchant Donates AED 1 million To Free 900+ Prisoners in Ramadan-Inspired Gesture

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Prominent Philanthropist Firoz Merchant Donates AED 1 million To Free 900+ Prisoners in Ramadan-Inspired Gesture

  • Holy Month Known for Giving, Good Deeds and Generosity
  • Since 2008, Mr Merchant Has Pledged AED 25 million to release and reunite prisoners with their families in their home country as Part of “The Forgotten Society” Initiative

Dubai, United Arab Emirates

Philanthropist Firoz Merchant of Pure Gold continues to make prisoner welfare a priority.

Under the aegis of The Forgotten Society initiative founded in 2008, Mr Firoz has already been instrumental in obtaining the release of 900 prisoners from Central Jail across the Emirates since the beginning of 2024, including 495 prisoners from Ajman, 170 prisoners from Fujairah, 121 prisoners from Dubai, 69 prisoners from Umm Al Quwain and 28 from Ras Al Khaimah.

He has donated close to AED 1 million in this pre-Ramadan gesture, a testament to the Holy Month’s accent on humility, humanity, forgiveness, and kindness.

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Business & Investments

UAE to host the prestigious FIATA-RAME Field Meeting & Conference

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UAE to host the prestigious FIATA-RAME Field Meeting & Conference, shaping the future of logistics in the MEA region

  • Hosted by the National Association of Freight and Logistics (NAFL) under the patronage of H.H.  Sheikh Ahmed bin Saeed Al Maktoum, the conference will discuss current challenges, trends, and future strategies for charting a sustainable path forward
  • The global logistics sector to reach USD 16.36 trillion by 2027

Dubai, United Arab Emirates; 21 February 2024:

The UAE National Association of Freight and Logistics (NAFL) has announced the 2024 FIATA RAME (Region Africa and Middle East) Field Meeting and conference dates. Held under the esteemed patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum- Honorary patron of NAFL, the two-day event, scheduled for March 5th and 6th, 2024, in Dubai, will bring together leading industry experts, policymakers, and stakeholders to discuss critical trends and strategies shaping the future of logistics in the MEA region. It will also highlight the growth opportunities in the industry and the economy in the region.

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