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KDK, Electra showcase latest ventilation innovations
DUBAI — KDK Company, a trusted name in electrical fans and ventilation technology from Japan that has recently celebrated its 110th anniversary, showcased its latest innovations in indoor air quality at the recently concluded 3rd Arab Ministeral Forum on Housing and Urban Development that took place in Al Habtoor City, Dubai.A division of Panasonic Life Solutions Japan, KDK leverages on its deep know-how and pioneering technology to develop environment-friendly products designed to improve the quality of its customers. KDK is supported locally by Electra Abu Dhabi LLC, who brings its vast operations capabilities, and decades of local market experience in making sure that KDK products are widely available in the market.The KDK brand, named after Kawakita Denki Kigyosha, an electrical...
October 08, 2019

KDK, Electra showcase latest ventilation innovations

Jawad Abbassi
5G services to form $15.4b GDP growth in MENA
DUBAI — Innovative 5G services will generate $15.4bn of economic expansion – 1.1 percent of GDP growth – in the Middle East and North Africa (MENA) by 2034, according to a report by the GSMA. Saudi Arabia, the United Arab Emirates and other Gulf states are forecast to contribute the largest share. This huge opportunity for the region’s digital economies depends on the availability of necessary radio frequencies, including those known as ‘millimeter wave’ frequencies that will deliver ultra-high capacity and ultra-high-speed services. However, efforts by the European space sector to unreasonably constrain the use of these critical frequencies has 5G’s future hanging in the balance.“The Arab states must stand strong at WRC-19 to protect their interests,” said Jawad Abbassi,...
October 08, 2019

5G services to form $15.4b GDP growth in MENA

Aviation essential to supporting jobs, GDP growth in UAE
ABU DHABI — The International Air Transport Association (IATA) presented its latest study on the importance of air transport to the United Arab Emirates (UAE) showing that ongoing prioritization of aviation as a key strategic asset could generate an additional 620,000 jobs and an extra $80 billion in GDP for the nation’s economy by 2037.Air transport’s contribution to the UAE economy is already significant. The industry at present supports nearly 800,000 jobs and contributes $47.4 billion to the economy, accounting for 13.3% of the UAE’s GDP. If the government continues to pursue a positive agenda for aviation, the UAE’s aviation market will grow 170% by 2037, support 1.4 million jobs and contribute $128 billion in GDP to the nation’s economy.IATA identified three areas where...
October 08, 2019

Aviation essential to supporting jobs, GDP growth in UAE

Daniela Bas at the ‘Disabled-inclusive road transport’ session
Adapting roads for disabled people explored
ABU DHABI — For the first time in the Congress’ 111-year history, World Road Association (PIARC) members and global experts addressed the important topic on how countries can help change the everyday lives for disabled people when it comes to travelling.During the Foresight Session – ‘Disabled-inclusive road transport’, Charlotte McClain-Nhlapo, Global Disability Advisor of the World Bank Group who chaired the discussion said: “We are really excited today to be able to have this discussion as it is an important topic that typically hasn’t been discussed in forums such as these.”Speaking about the UN’s Sustainable Development Goals, she added: “The sustainable development goals laid out by the UN are important because they set key targets that address the need for safe,...
October 08, 2019

Adapting roads for disabled people explored

Al Falak successfully installs Eaton 9PHD UPS in Saudi Arabia
RIYADH — Al Falak Electronic Equipment & Supplies Co., a leading information technology (IT) and communications solutions provider in the Kingdom of Saudi Arabia (KSA), recently achieved a milestone after successfully completing the installation and testing of Eaton 9PHD 200 kVA heavy-duty industrial UPS for the first time.Al Falak installed the next-generation Eaton 9PHD UPS, which is designed to maintain a steady, uninterrupted, clean power supply, in the manufacturing facility of food manufacturers company Ulker Saudi Arabia.Ahmed Ashadawi, President and CEO, Al Falak, said: “We are happy to announce that the Al Falak team has successfully delivered, installed, and tested Eaton 9PHD UPS at Ulker factory. Although we have been distributing Eaton products for the past 15 years, this...
October 08, 2019

Al Falak successfully installs Eaton 9PHD UPS in Saudi Arabia

germsn industrial
German recession looms as industrial orders drop
BERLIN — German industrial orders fell more than expected in August on weaker domestic demand, data showed on Monday, adding to signs that a manufacturing slump is pushing Europe's largest economy into recession.Contracts for 'Made in Germany' goods fell 0.6% from the previous month, with demand for capital goods down 1.6%, the economy Ministry said. The overall fall compared with a Reuters consensus forecast for a drop of 0.3%."The German economy is in the midst of a recession. Today's data make that clear again," said Thomas Gitzel, economist at VP Bank Group.The economy shrank by 0.1% in the second quarter, and recent data have pointed to continued weakness in manufacturing in the third quarter. Most economists define a recession as two straight quarters of...
October 07, 2019

German recession looms as industrial orders drop

‘Saudi Build 2019’ opens in Riyadh
RIYADH — Under the patronage of Prince Faisal Bin Bandar Bin Abdulaziz Al Saud, Governor of Riyadh Region, Riyadh Exhibitions Company Ltd. (REC) inaugurated the 31st edition of the Saudi Build Exhibition 2019. With a platinum sponsorship by Saudi Exports Development Authority, and the partnership of The National Gas and Industrial Company (GASCO), Saudi Council of Engineers, and Saudi Contractors Authority (SCA), Saudi Build is taking place Oct. 7 to 10, 2019 at the Riyadh International Convention & Exhibition Center.Concurrently held with Saudi Stone Tech, Saudi Build PMV Series, Interior Design and Saudi Build Technology & Automation Building, Saudi Build 2019 is a one-of-a-kind construction trade extravaganza that will provide unique opportunities and enormous prospects for investors...
October 07, 2019

‘Saudi Build 2019’ opens in Riyadh

Abdulaziz Hamad Aljomaih - Chairman
Arcapita’s net income soars 76% in FY 2019
MANAMA – Arcapita, a leading global Shariah- compliant investment firm, announced Monday its financial results for the 12 months ended June 30, 2019 (FY 2019).Arcapita delivered strong results in FY 2019 with revenues of $54.6 million and a net income of $21.9 million, representing 44% and 76% growth over the previous fiscal year, respectively. This positive performance was driven by the placement of transactions completed during the year and gains on the firm’s investment portfolio.Arcapita’s total equity as of June 30, 2019 grew to $237.9 million, representing an 8% increase year-on-year, and the firm’s balance sheet investments grew by 16% to reach $245.5 million.The firm was primarily focused on sourcing transactions in the United States during FY 2019 given its strategy of...
October 07, 2019

Arcapita’s net income soars 76% in FY 2019

Mideast firms risk losing $575bn in ‘trapped’ value from industry disruption
DUBAI — Disruption from innovative digital technologies could put more than $575 billion of Middle Eastern companies’ total value at risk, according to a new report from Accenture.The report, “Accenture Middle East Innovation Maturity Index,” is based on a survey of 200 C-suite executives in Saudi Arabia and the United Arab Emirates (UAE) and an analysis of more than 275 companies across the Middle East that measures “trapped value — i.e., the value that businesses could be releasing or sharing if they could change faster and more fundamentally to capitalize on technology-enabled innovations and avoid industry disruption.”Accenture estimates that there is $578 billion in trapped value across the Middle East region. The report notes that while executives are aware of the...
October 07, 2019

Mideast firms risk losing $575bn in ‘trapped’ value from industry disruption

Airbus taps 2CRSi for calculation servers
DUBAI – 2CRSi has been chosen by Airbus to provide very high-performance calculation servers that will be used by a European anti-crime agency.This commercial success relates to the rollout of OCtoPus 1.8B servers for a total 3,744 CPU Intel Xeon cores and more than 7.45 million NVIDIA CUDA cores. These OCP (Open Compute Project) servers have been specially designed to function in immersion cooling tanks developed by Submer Technologies.The range of OCtoPus servers, launched by 2CRSi in 2017, provides a tangible response to the energy requirements of datacenters in order to meet their ecological challenges1 with a reduction in the energy consumption of OCtoPus servers of more than 23% compared to equivalent servers fitted with traditional cooling systems.Under this Airbus project, the...
October 07, 2019

Airbus taps 2CRSi for calculation servers

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