Saturday 18 January 2020

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$1bn INNOVATION FUND PLANNED
Microsoft in drive to erase its entire carbon footprint

Microsoft said on Thursday it will be carbon negative by 2030 and has pledged to remove from the environment by 2050 all the carbon the company has emitted either directly or by electrical consumption in its 45-year history.

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1

‘LARGER THAN DUBAI’
Ethiopian Airlines to build $5bn international airport

Ethiopian Airlines, the national flag carrier, has set out to build a new massive airport this year with an outlay of $5 billion in its quest to become Africa’s gateway into the world, its chief executive officer said.

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2

PPA SIGNED FOR 145 MW PROJECT
Masdar to develop floating solar PV plant in Indonesia

UAE-based Masdar, one of the world’s leading renewable energy companies, has signed a power purchase agreement (PPA) for its floating solar photovoltaic (PV) plant with Perusahaan Listrik Negara (PLN), the state electricity company in Indonesia.

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3

Climate fires and political wars set to rage in 2020

Economic and political polarisation will rise this year, as collaboration between world leaders, businesses and policy-makers is needed more than ever to stop severe threats to our climate, environment, public health and technology systems.

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4

SPECIAL REPORT
PC shipments in EMEA surge 3.6pc in Q4: Gartner

PC shipments in EMEA increased 3.6 per cent year over year to 21 million units during the fourth quarter (Q4) of 2019, marking the second consecutive quarter of shipment growth as regional demand improves, said research and advisory firm Gartner.

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5

NEWS IN PICTURES
Exhilirating show

Popular singer Mahmoud Al Turki put on a memorable show in Dubai as he cajoled crowds into a chorus of his famous hits as part of Global Village’s weekly concert series on January 3.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Bee’ah, Tabreed to develop district cooling in Sharjah

UAE-based Bee’ah, a top recycling and waste management company, and the National Central Cooling Company (Tabreed) have partnered to explore the development of large-scale district cooling projects in Sharjah.

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Retail & Wholesale

Samsung unveils innovative home appliances

Samsung Electronics Co, Ltd. is continuing to set the standard for the modern home with a full range of award-winning innovations at CES 2020.

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Energy, Oil & Gas

Sustainability market 'is $9bn business opportunity'

The world’s latest innovations in sustainable tech – from highly efficient solar panels, to solutions that can convert humidity into water – are on show this week at the WFES in Abu Dhabi, highlighting a market opportunity worth $9 billion.

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Finance & Capital Market

Investcorp to invest $130m in Indian real estate

Leading global alternative asset management firm Investcorp has raised $130 million in anchor commitments which will primarily provide last-mile funding in India, a market currently going through a liquidity crunch.

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Analysis, Interviews, Opinions

Five reasons to invest in a separate passport

The freedom and opportunity a separate passport can provide is virtually priceless, a report said, noting that with the number of countries offering CIP (Citizenship by Investment) programs, obtaining a second passport has never been easier.

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Industry, Logistics & Shipping

Damen-Gentium JV to build shipyard in Bangladesh

The Gentium-Damen Consortium Group, a joint venture between Netherlands-based Damen Shipyards Group and Australia’s Gentium Solutions, has signed a MoU with the Ministry of Industry of Bangladesh in Dhaka, for the construction of a shipyard.

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Travel, Tourism & Hospitality

Sharjah aims to entice more Northern European tourists

Sharjah is looking to draw more visitors from the Northern European region this year through its participation at the Matka Nordic Travel Fair in Finland, taking place from January 15-19.

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IT & Telecommunications

Microsoft in drive to erase its entire carbon footprint

Microsoft said on Thursday it will be carbon negative by 2030 and has pledged to remove from the environment by 2050 all the carbon the company has emitted either directly or by electrical consumption in its 45-year history.

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Lifestyle

Thousands of arts & crafts fans to visit Dubai quilt show

As quilting remains a perennially popular hobby for people of all ages, the 2020 edition of the International Quilt Show Dubai (IQSD) is set to break records as the biggest event the region has ever seen, attracting crowds of up to 1,000 people each day.

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Health & Environment
Media & Promotion

StarzPlay, Finyal Media partner to produce Arabic podcast

StarzPlay, a leading subscription video on demand (SVOD) service, has partnered with Finyal Media, the regional production business specialised in podcast creation, to produce an Arabic podcast Series.

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Education, HR & Training

Education on spotlight at leading trade show

The Middle East’s premier education show, GESS Dubai returns this year with an exhibition showcasing a wide range of educational products from suppliers from all corners of the world and a CPD accredited conference featuring high-level speakers and innova

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Miscellaneous

Nominations invited for Emirates Women Award

Dubai Quality Group kicked off the 17th Cycle of Emirates Women Award (EWA)to recognise and honour professional and business women in the UAE for their notable achievements.

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