Monday 4 December 2023

Diflex to be region’s largest footwear, leather products show

The region’s largest footwear and leather products show, Diflex 2023, will debut from December 11 to 13 amid growing demand for footwear and leather goods in the Middle East and Africa, which is estimated to hit $20 billion by next year.   In a statement,


KSA firms top seeing business benefits of sustainability: SAP

Saudi companies recognise the business benefits of sustainability strategies more strongly than their global counterparts, says a SAP survey of 4,750 respondents across 21 nations and 29 industries.   According to the survey, almost half (49.7%) of KSA responden


Wisdom Motor brings GCC’s first 12-m Hydrogen City Bus

Wisdom Motor, a firm that designs and develops zero-emission commercial vehicles, has announced a cooperation with the Integrated Transport Centre (ITC) of Abu Dhabi, to provide new green mobility solutions to the emirate.       Under this coopera


Just 14% of global companies reduced carbon emissions: BCG

As climate-related disasters intensify in frequency and severity, globally companies have not made much progress in comprehensively measuring and reducing their emissions over the past year.    This is according to a new study by CO2 AI and Boston Consultin


Riyadh Cement signs deal for waste heat recovery project

Riyadh Cement Company has signed a contract with Sinoma Energy Conservation (Sinoma-ec) for establishing a waste heat recovery project.   The $34,800,000 contract was signed on Tuesday (November 28), according to a Saudi Exchange filing.  


MoIAT, UNIDO to host government, industry leaders at COP28

The UAE Ministry of Industry and Advanced Technology (MoIAT) will host leaders from governments, industry, academia and international organisations as part of a series of high-level sessions at COP28.   Called the ‘Decarbonising Industry with Technology Pr


Bahrain imports rise 12% to $1.49bn in October

The value of Bahrain’s imports increased 12%, reaching to BD561 million ($1.489 billion) during October 2023 in comparison with BD500 million for the same month in 2022.    The top 10 countries for imports accounted for 70% of the total value of


Saudi Arabia wins bid to host World Expo 2030

Saudi Arabia was chosen as the host country of World Expo 2030 during the 173rd General Assembly of Bureau International des Expositions (BIE) on Tuesday (November 28).   A two-thirds majority of member states voted for Saudi Arabia’s project to host World


Abu Dhabi tech research council launches new AI company

Abu Dhabi’s Advanced Technology Research Council has launches a new AI company - AI71- that will pioneer decentralised data control for companies and countries.    The entity builds on the Technology Innovation Institute’s (TII) Falcon generativ


Dubai Taxi Company ups IPO shares for retail investors

  Dubai Taxi Company (DTC) today (November 28) announced an increase in the number of shares offered in the UAE retail offer of its IPO owing to significant oversubscription.   Following the approval of the Securities and Exchange A

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