• Etihad Cargo has achieved 80.5 per cent OTP for freighter departures and 84.1 per cent OTP for freighter arrivals, ahead of its 80 per cent target   • The carrier surpassed its 85 per cent DAP target, achieving 86.6 per cent   • PharmaLife performance continued to outpace previous years, driven by the launch of new product features, a commitment to world-class standards and the establishment of Pharma Corridor 2.0   • 6 per cent more horses were moved via the carrier’s SkyStables product compared to the previous year   • The carrier received 25 awards in 2022 in recognition of its operational performance and contribution to pharmaceutical transportation, innovation, sustainability and CSR within the air cargo sector   Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm ......
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• Consolidated Revenues of $27.0B, Down 2.7% from Last Year • Consolidated Operating Margin of 11.8%; Adjusted Consolidated Operating Margin of 14.1% • Diluted EPS of $3.96; Adjusted Diluted EPS Up 0.8% Over Last Year to $3.62 • Declares a Quarterly Dividend of $1.62, a Per Share Increase of 6.6%, and Authorizes a New $5B Share Repurchase Program, Replacing the Existing Authorization   January 31, 2023 – UPS (NYSE:UPS) today announced fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from the fourth quarter of 2021. Consolidated operating profit was $3.2 billion, down 17.9% compared to the fourth quarter of 2021, and down 3.3% on an adjusted basis. Diluted earnings per share were $3.96 for the quarter; adjusted diluted earnings per share of $3.62 were 0.8% above the same period in 2021.     For ......
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• Middle East Energy Outlook Forecasts Tapering Down of Regional Demand  • Region Set For Investment In Future-Proof Tech To Deliver Resilience & Cost Efficiencies   Dubai, UAE – 23 January 2023: The Middle East is now embracing a major energy sector transition towards a decentralised, decarbonised, and digitalised future with regional nations looking to improve energy security by reducing fossil fuel dependency, cutting CO2 emissions, and enhancing segment-related investment resilience, according to a new report.   Yet the sector outlook report, by consultants Frost & Sullivan, says though the region is currently investing in installed energy capacity at a rate of between 4.5%-4.8% annually, there could soon be a tapering down in demand. The report, commissioned by Middle East Energy, the region’s leading energy event which ......
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January 23, 2023:  THE FITOUT, one of the leading service providers of comprehensive interior solutions in the Middle East, successfully completed its latest interior developments for the Newby Tea Cafe in Abu Dhabi. The cafe features THE FITOUT’s unique and sustainable range of interior solutions, which also comprised of civil, floor, and lighting work among others. The project's success was enhanced by its early completion, adding another milestone to the company's growing record of accomplishments. THE FITOUT used its distinctive range of interior solutions to develop the latest branch of the Newby Tea Cafe, with some of the key elements being a folding partition made of gold leaf, a ten-meter floating table in the reception, and a golden metallic mesh. The company also undertook civil work, such as building walls and partitions, as well as screeding and ......
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Company to cut emissions, install solar panels at service stations and use biofuels to power its fleet of vehicles New sustainability milestones unveiled during Abu Dhabi Sustainability Week will future proof ADNOC Distribution’s business and deliver sustainable long-term shareholder value  ADNOC Distribution becomes first UAE fuel retailer to tap into sustainability linked financing with USD 1.5bn loan Abu Dhabi, UAE – 20, January 2023:  ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), announced plans, today, to reduce its carbon intensity by 25% by 2030, by putting sustainability at the core of its day-to-day operations to future-proof its business and deliver sustainable long-term shareholder value. Central to ADNOC Distribution’s enhanced sustainability drive is a commitment to decarbonize its operations by reducing its Scope 1 ......
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On the sidelines of the 42nd meeting of Arab Permanent Postal Commission 19, January 2023:  On the sidelines of the 42nd meeting of Arab Permanent Postal Commission, Emirates Post Group, in collaboration with Egypt Post, announced the issuance of a joint commemorative stamp in celebration of 50 years of bilateral relations between the UAE and Egypt. The stamp echoes five decades of respect and cooperation between both countries, as well as the depth of relations demonstrating the bonds of brotherhood and comprehensive partnership between the nations.   The stamp launch is consistent with Emirates Post Group’s commitment to advancing the UAE's objectives of enhancing partnerships and strategic alliances with Arab and foreign nations, particularly Egypt. The UAE aims to explore more potential prospects to encompass all fields, in order to promote the ......
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• Sustainable financing solutions help in funding transformative green projects and to accelerate the private sector’s energy transition   UAE - Dubai 19, January 2023 – The UAE is investing heavily in environmentally friendly energy projects and witnessing significant increases in its clean energy production. The nation’s commitment is exemplified through forward-looking initiatives such as the recent launch of the UAE Energy Strategy 2050 as well as its progress thus far in launching 11 environmentally-friendly energy projects worth $43bn (AED159bn). Speaking at a panel discussion titled ‘Unleashing Private-Sector Investment in Energy Transition’ on the sidelines of Abu Dhabi Sustainability Week 2023, Walid Sheta, President for the Middle East and Africa Zone, Schneider Electric, outlined the sustainable financing solutions that have ......
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• From 2 February 2023, Etihad Cargo will operate an additional direct freighter service to Shanghai, bringing the total number of freighter flights to eight per week    • Etihad will also introduce an additional passenger flight to Shanghai from the same week, bringing the total cargo capacity out of Shanghai to 850 tons per week and the total number of direct passenger flights between Abu Dhabi and China to five per week   Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, will further expand its capacity offering to the Chinese market with the introduction of an additional weekly Abu Dhabi – Shanghai freighter flight from 2 February 2023.   The additional freighter service to Shanghai will increase the carrier’s weekly dedicated freighter flights between Shanghai and ......
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AI Center of Excellence will focus on finding carbon neutral solutions for existing energy resources and improving access to new AI technologies for Arabic speakers    Abu Dhabi, United Arab Emirates, January 18, 2023 - Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in collaboration with IBM (NYSE: IBM) formally launched an AI Center of Excellence on Tuesday, January 17, as part of Abu Dhabi Sustainability Week’s World Future Energy Summit. The Center aims to advance collaboration to improve the adoption of AI technology and help drive sustainability. The Center will develop carbon neutral solutions to existing energy supplies, combat climate change, and further natural language processing (NLP) for Arabic dialects.   Experts from IBM and MBZUAI plan to focus on decarbonization, with advanced research into climate change mitigation and ......
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January 17, 2023:  His Excellency (HE) Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (ENEC) commented on the importance of the visits of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Yoon Suk Yeol, President of the Republic of Korea, to the Barakah Nuclear Energy Plant. The visit represents the UAE leadership’s long-standing support for the megaproject, which is the cornerstone of the UAE Peaceful Nuclear Energy Program. The Barakah Plant today plays a pivotal role in providing abundant clean electricity, rapidly decarbonizing the power sector and enhancing domestic energy security. H.E. Al Hammadi said: "The Barakah Plant is now recognized as a benchmark for new nuclear energy projects around the world and has highlighted the leading role of the UAE in the global ......
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The strategic collaboration will provide fully financed utility-scale solar photovoltaic plants to speed up progress to net zero. Dubai, January 13, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has signed a memorandum of understanding with Sun Africa and its sister company, UGT Renewables, to collaborate on utility-scale solar photovoltaic power generation projects that will accelerate the energy transition and provide access to energy in emerging and developing markets worldwide. The partners are currently completing their first project together: a 370-megawatt solar photovoltaic power plant across seven sites in Angola, the largest of its kind in sub-Saharan Africa. They also have several utility-scale projects under negotiation, totaling more than 12 gigawatts in capacity, with various ......
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A Stunning Achievement, the Larger-Than-Life 97-inch OLED TV Comes With Real Time Video and Audio Wireless Transmission up to 4K 120Hz DUBAI, January 12, 2023 — LG Electronics (LG) is introducing its 97-inch LG SIGNATURE OLED M (model M3), the world’s first consumer TV with Zero Connect1 technology, a wireless solution capable of real-time video and audio transmission at up to 4K 120Hz. The revolutionary new OLED TV M3 delivers superior picture and sound quality as well as greater flexibility to install and connect. A stunning achievement of technology and design, LG’s wireless 4K OLED is the recipient of CES 2023 Innovation Awards in two categories.2  It will be available in the UAE in the second half of 2023.  Unlike conventional TVs, where all input ports for connecting external devices are located on the rear or sides, the M3 comes with a ......
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Dubai, UAE – 10, January 2023: Trina Solar has maintained its AAA status for the third consecutive quarter in the PV ModuleTech bankability rankings released by PV Tech for Q4 2022. The company’s continued presence within the highest category validates its ongoing high performance level in manufacturing capacity, technology innovation, product shipments and financial status and underlines its position as an industry leader in each of these areas. Trina was an early mover among leading module suppliers in n-type technology and is expected to add further capacity in the year ahead. An early mover and promoter of n-type technology Trina Solar is committed to technical innovation and continues to lead the industry with n-type technology. Based on the leading 210mm technology, Trina Solar launched 210mm n-type full-scenario solutions, reducing BOS costs and LCOE and ......
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Al Ain, January 6th, 2023: The National Water and Energy Center at the United Arab Emirates University, in cooperation with the Fujairah Research Center and the Fujairah Environment Authority, conducted water resources- related studies in the Emirate of Fujairah. This research is aligned with the UAE Water Security Strategy 2036, which aims to ensure the sustainability of water during natural conditions and extreme emergency conditions and comes in line with the UAE applicable laws and the specifications of the World Health Organization and contribute to the prosperity and progress of society and the sustainability of the growth of the national economy. The research team conducted several field visits to more than 215 wells and field sites. It is expected that these studies and research will result in a complete assessment of the water resources in the Emirate of Fujairah. Prof. ......
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Company’s Ultra-Premium Appliances Boast Cutting-edge Technologies, Timeless Design and Outstanding Energy Efficiency  DUBAI, January 3, 2022 — LG Electronics (LG) will unveil its second-generation LG SIGNATURE home appliance lineup at CES 2023. Offering timeless design and innovative technologies for a more convenient, stylish, and sustainable life at home, the sophisticated, new products will be on show in the LG SIGNATURE zone of LG’s booth under the theme of ‘Live Beyond.’  Seven years after its launch, LG SIGNATURE continues to redefine ultra-premium; delivering elegant, highly-advanced appliances and living solutions that take performance, design and usability to new heights. While remaining true to the brand’s philosophy and craftsman-like quality, the second-generation lineup adds differentiated features and technologies that ......
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Panasonic brings a new level of convenient, healthy cooking in KSA homes with the NN-CD87 4-in-1 Convection Oven with Healthy Air Frying   CD87 features innovative Healthy Air Frying Program, Genius Sensor and One-Push Reheating to make sure home-cooking is healthier and more delicious   Riyadh, Kingdom of Saudi Arabia:  Consistent with its commitment to offer solutions that enhance consumers’ wellbeing, Panasonic Marketing Middle East and Africa (PMMAF) today announced the KSA launch of its new flagship microwave oven model, the NN-CD87.   This top-of-the-line microwave oven model blends high-performance with a striking, stylish design, all while boasting unrivaled 4-in-1 functionality as it offers healthy air frying, convection, grill & microwave cooking, taking convenient healthy home-cooking to the next level. The Panasonic NN-CD87 ......
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Adding to Its Collection of Compelling Color Choices,  LG’s Cutting-edge Refrigerator Now Features Pantone’s 2023 Color of the Year  DUBAI, December 27, 2022 — LG Electronics (LG) will present an exciting, new color option for its groundbreaking refrigerator with MoodUP™ to offer personalized customer experiences at CES 2023. Coming to LG’s color-changing fridge in collaboration with the world-renowned Pantone Color Institute, Viva Magenta – the Pantone Color of the Year 2023 – is a brave and fearless crimson red that injects excitement and drama into home interiors, energizing any environment with its dynamic vibrancy. The refrigerator with MoodUP™, unveiled at IFA 2022 in Berlin this September, boasts a diverse range of rich, dynamic colors to choose from; providing a convenient way for users to enliven their kitchen ......
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Get from 40% to 45% Discount on Beds, Mattresses, and Bedding Accessories Dubai, UAE (December 22, 2022): There are many places where one can find the best deals in the market during the Dubai Shopping Festival (DSF), and one of those places is the high-end King Koil stores in the UAE. During the DSF, you can take advantage of an unbeatable 40% to 45% discount on mattresses, beds, and bedding accessories, which can also be purchased online.  Additionally, all King Koil showrooms have a professional team of experts who can assist customers to choose the best mattress that best fits their requirements & comfort needs.  King Koil offers the DSF discount on all items in both their Dubai and Abu Dhabi stores until 29th January 2023. A King Koil mattress is designed with great attention to detail and craftsmanship and manufactured from the highest quality raw ......
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Grid-eMotion® Flash will help to reduce emissions, traffic and noise in the metropolitan area and create a better quality of life for people   Dubai, UAE - December 20, 2022 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, recently announced it has won an order to supply its Grid-eMotion® Flash ultrafast charging system for the two busiest bus routes in the city of Clermont-Ferrand, central France.  Grid-eMotion Flash was the first choice of the city’s public transportation operator, SMTC-AC, which requires a fast, efficient, reliable and safe charging system that will help persuade motorists to leave their cars at home and use emission-free public transportation instead.  Grid-eMotion Flash is part of the city’s InspiRe program to create sustainable urban mobility and reduce ......
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• ABB UAE hosts an energy efficiency symposium in Dubai with industry and infrastructure leaders. • Improving energy efficiency will reduce energy bills and emissions substantially in the short- to mid-term, without compromising productivity • Industry is the world’s largest consumer of electricity, natural gas and coal, and accounts for 42 percent of electricity demand   ABB UAE launched the Energy efficiency movement in Dubai with key industry and infrastructure business leaders, with businesses around the world facing unprecedented pressure from the cost of energy and the urgency to mitigate climate change impact, it was crucial to have a discussion with UAE market players in this regard. ADNOC, Tabreed, Wilo, Johnson controls, Metito, Taqa solutions and many others discussed actions to reduce carbon emission in their business ......
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