Category: Industry

CAIRO: Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, stated that navigation movement in the canal is regular from both directions. He denied allegations of any temporary suspension of navigation due to the situation in the Bab al-Mandab.?

?In a statement, the Chairman of the authority explained that Suez Canal provides its navigation services normally, as the navigation movement in the canal, Saturday, is expected to witness the crossing of 44 ships from both directions, with a total cargo of 2.3 million tonnes

Rabie stressed the Suez Canal Authority’s keenness to open direct channels of communication with companies and shipping lines and joint coordination for the interest of serving the shipping community and ensuring the sustainability of global supply chains.

Source: Emirates News Agency

DUBAI: Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in 2023, compared to around 10 million digital transactions in 2022, an increase of about 25 percent.

This reflects DEWA’s leading role in supporting the wise leadership’s vision to make Dubai the smartest and happiest city in the world. The digital transactions conducted by customers included over 2.1 million transactions using DEWA’s website, over 3.2 million transactions using DEWA’s smart app, in addition to more than 6.8 million transactions through various digital channels that DEWA provides in collaboration with its partners.

‘We are keen to support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to turn the city into the epicentre of the global digital economy. Our efforts also align with the directives of H.H Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Cha
irman of the Executive Council of Dubai, to transform Dubai government into a fully smart model. DEWA provides all its services through various digital channels to ensure real-time, safe, and seamless value-added services to all stakeholders, saving their time and effort, and enhancing their happiness. This is achieved using the latest disruptive technologies of the Fourth Industrial Revolution, including Artificial Intelligence (AI), blockchain, and others. DEWA’s advanced digital infrastructure has contributed to increasing the smart adoption of DEWA’s services to 99.62 percent, in addition to the digital integration of more than 90 projects with 65 government and private organisations by the end of 2023,’ said Saeed Mohammed Al Tayer, MD CEO of DEWA.

DEWA offers digital services for electricity and water management, as well as innovative sustainability services. These include the Smart Living initiative, providing features like consumption monitoring, comparison with high-efficiency homes, and offers thro
ugh the DEWA Store to encourage smart and sustainable living.

Source: Emirates News Agency

ABU DHABI: The UAE Ministry of Investment has signed a Memorandum of Understanding (MoU) with the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan and the Sovereign Wealth Fund Samruk-Kazyna.

This strategic agreement aims to create a framework for investment cooperation in data centre and artificial intelligence (AI) projects in Kazakhstan.

The MoU was signed by Mohamed Hassan Alsuwaidi, Minister of Investment; Bagdat Mussin, Minister of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan; and Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, JSC.

Data centres are essential for organisations to store crucial data and operate applications. Kazakhstan, the largest economy in Central Asia, is witnessing substantial growth in its data centre industry driven by increased demand for computing resources, progressive government policies and AI advancements. The country’s data centre market is projected to grow at
a 6.83 percent compound annual growth rate between 2024 and 2028, resulting in a market volume of US$416.7 million.

The MoU between the UAE and Kazakhstan centres on establishing robust and efficient collaboration through the development of bilateral relationships between public and private organisations.

The agreement also proposes introducing incentives to bolster relevant initiatives and seeks to facilitate the exchange of knowledge.

Mohamed Hassan Alsuwaidi commented, ‘The agreement reflects our commitment to further strengthening relations between our two nations and working together to realise a shared vision for economic advancement. The planned investments in data centre and AI projects in Kazakhstan will help enhance the nation’s expanding digital infrastructure, offering businesses more opportunities to embrace and gain advantages from digitisation.’

Nurlan Zhakupov, Chairman of the Management Board of Samruk-Kazyna, JSC, commented, ‘The establishment and growth of data centres is pivotal for Ka
zakhstan’s technological advancement. They serve as the backbone of innovation, fostering economic development, and propelling the nation into the forefront of the global digital landscape. Furthermore, the strategic development of data centres not only enhances domestic capabilities but also acts as a magnet for foreign investments, positioning Kazakhstan as an attractive destination for international businesses seeking a robust technological infrastructure.’

Kazakhstan’s exports to the UAE amounted to $560.34 million during 2022, while the UAE’s exports to Kazakhstan reached $1.69 billion.

Source: Emirates News Agency

DUBAI: A total of 2,910 real estate and properties transactions valued at AED10.1 billion were conducted during the week ending 12th January, according to the Dubai Land Department (DLD).

The DLD weekly report said that 209 plots were sold for AED 2.19 billion, while 2,100 apartments and villas were sold for AED 4.84 billion.

The top three transactions were a land in Al Hebiah Sixth sold for AED 138.65 million, followed by a land that was sold for AED 105 million in Business Bay, and a land sold for AED 47.36 million in Palm Jabal Ali in third place.

Al Hebiah Fifth recorded the most transactions for this week by 44 sales transactions worth AED 163.91 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 33 sales transactions worth AED 398.83 million, and Madinat Hind 4 with 30 sales transactions worth AED 42.29 million in third place.

The top three apartment and villa transfers included one worth AED 66 million in Al Wasl, another worth AED 46 million in Al Thanayah Fourth, and an apartment worth A
ED 40.02 million in Al Hebiah Fourth.

The total value of mortgaged properties for the week reached AED 2.28 billion. Meanwhile, 82 properties were granted between first-degree relatives worth AED 799 million.

Source: Emirates News Agency

ABU DHABI: Real estate transactions in the Emirate of Abu Dhabi amounted to approximately AED 1.9 billion in the first two weeks of 2024, comprising 348 transactions of sales and mortgages on various types of real estate units.

According to the “DARI” platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, the value of real estate mortgages in the emirate reached about AED 1.5 billion through the registration of 215 mortgage deals. The total value of sales since the beginning of the current year until today exceeded AED 356 million, representing 133 sales transactions, distributed among 115 ready properties and 18 off-plan.

The platform highlighted the largest transactions for Abu Dhabi city by value in the past week. Al Saadiyat Island topped the list with a value of AED 8.9 million, followed by Yas Island, which occupied four consecutive positions, totalling about AED 23 million. Al Kasir area came in fifth place with around AED 4.7 million.

The real estate sector in Abu Dh
abi is on an upward trajectory, supported by incentives and quality real estate projects launched by the department, in addition to various projects initiated by real estate entities in Abu Dhabi. These initiatives have solidified its position as an attractive environment for both local and foreign investors, enhancing the sector’s global competitiveness.

Source: Emirates News Agency

DUBAI: Energy efficiency, sustainability, safety, inclusivity and functionality will be the key areas discussed at the forthcoming THINKLIGHT conference, part of Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building% technology when it returns to the Dubai World Trade Centre next week.

According to the latest statistics from market research specialists, Mordor Intelligence, the Middle East light emitting diode (LED) market is expected to reach over US$4 billion this year, with this figure set to rise to US$5.94 billion by 2029, a CAGR of 8.17 percent during the forecast period.

LED lighting has been a game changer within the industry, offering a range of benefits, from energy efficiency and improved environmental performance to design flexibility and directionality. One of the significant benefits, particularly from a commercial perspective, is the potential multi-billion-dollar savings due to reduced energy consumption.

As part of the THINKLIGH
T conference, a range of international speakers will take to the stage to discuss the importance of Corporate Social Responsibility, and Environmental, Social and Corporate Governance within the lighting industry under six key themes of cities, art and entertainment, the business of lighting design in the Middle East region, circularity, darkness, and smart, intelligent and integrated.

The highly anticipated Enlightened Futures: Darkness session, will address reducing light pollution and, in turn, helping to save energy, reduce greenhouse gas emissions and protect wildlife that relies on natural darkness.

Organised by Messe Frankfurt Middle East, the event is part of the international Light + Building brand and will be held under the theme, ‘Enlightened Futures: How responsibility will guide the future of buildings’.

Other key event features include the highly anticipated Smart Building Summit, which will feature professionals from diverse fields, including government, development, architecture, engineerin
g, facilities management, technology, and sustainability.

This summit is a forum for in-depth discussions on industry trends and best practices. With an emphasis on innovation and collaboration, visitors will delve into the transformative impact of advanced technology, data analytics, and intelligent systems, unveiling how these elements optimise energy consumption, elevate comfort levels, and champion sustainability within smart buildings.

Adding an interactive dimension to the event, Light + Intelligent Building Middle East will introduce InSpotLight – a platform to showcase the brightest minds alongside the latest lighting, design, and technology innovations.

The inaugural day of the exhibition will witness the live pitch and judging process for the prestigious Light Middle East Award’s Product of the Year category.

Light + Intelligent Building Middle East will be held in conjunction with Intersec, the world’s leading trade fair for emergency services, security and safety, to create the region’s leadin
g trade fair for the building services industry.

Source: Emirates News Agency