By Dr. Gyan Pathak September 25, 2024, is the tenth birth anniversary of Make in India. It was launched on September 25, 2014. PM Narendra Modi government has tried its best to promote ease of business in the country, but finding the scheme not getting desired momentum, it decriminalized 183 provisions in 2023, in the […]China is preparing a significant capital infusion into its largest state-owned banks, amounting to roughly $142 billion, in response to mounting pressure on its economy. This would be the largest capital injection since the 2008 global financial crisis. The planned move aims to boost the banks’ lending capacity to support economic recovery, particularly as growth slows and debt concerns rise across key sectors. The potential funds are […]
Sinopec, one of China’s leading oil and gas companies, has embarked on a comprehensive strategy aimed at reducing its carbon footprint while enhancing operational efficiency through innovation and collaboration with educational institutions. This initiative aligns with China’s broader goals of achieving carbon neutrality by 2060, marking a pivotal shift in the energy sector towards sustainability. The company’s low-carbon roadmap emphasizes several key initiatives designed to integrate advanced […]
SINGAPORE – Media OutReach Newswire – 25 September 2024 – Singapore-based lifestyle brand SKINARMA has unveiled its newest iPhone case collection following the iPhone 16 release. Reintroducing old favorites and debuting fresh designs, the latest lineup explores themes inspired by mecha, cyberpunk, industrial and minimalist aesthetics, capturing the world’s growing fascination with futuristic design. Each case is fashioned to complement and highlight the updated iPhone 16 features. […]
OBERKOCHEN, GERMANY – Media OutReach Newswire – 25 September 2024 – The global smartphone market is in a constant state of transformation, driven by rapid advances in technology and evolving consumer preferences. But no matter how much the technology changes, the smartphone’s most important function remains unchanged – it fulfils our human need to connect and communicate. vivo has always aimed to build a bridge between humans […]
Global energy giants SUEZ, TAQA, and Siemens have joined forces in a pivotal collaboration aimed at revolutionizing desalination in emerging markets, where water scarcity continues to pose significant challenges. This consortium, blending the expertise of three industrial leaders, is positioning itself as a key player in the next wave of technological advancements in water purification and sustainable resource management. The partnership is primarily focused on addressing water […]
World Robotics 2024 Report by International Federation of Robotics released FRANKFURT, GERMANY – Newsaktuell – 24 September 2024 – The new World Robotics report recorded 4,281,585 units operating in factories worldwide – an increase of 10%. Annual installations exceeded half a million units for the third consecutive year. By region, 70% of all newly deployed robots 2023 were installed in Asia, 17% in Europe and 10% in […]
The Ras Al Khaimah Economic Zone (RAKEZ) is among the top free zones within the United Arab Emirates territory. It is a business haven that pulls customers from all countries. RAKEZ provides several types of business Licenses, business premises, and other productive services. These features make it appealing to both new and existing firms. The RAKEZ is also appealing because of its location via the international market. […]
Brookfield Asset Management has successfully raised $2.4 billion for its inaugural climate-focused fund, with backing from Abu Dhabi’s Mubadala Investment Company. This marks a pivotal step in Brookfield’s efforts to support global decarbonization projects. The first phase of fundraising, which is part of a larger initiative to reach a $15 billion goal, underscores the growing international commitment to addressing climate change through substantial private investment. Brookfield’s new […]
Azerbaijan’s announcement of a new climate fund aimed at addressing global climate challenges has sparked debate among experts and policymakers. While the initiative reflects a growing awareness of the need for urgent action in combating climate change, skepticism remains over whether it will significantly narrow the persistent climate finance gap facing developing nations. As pressure mounts on both industrialized and emerging economies to contribute to global climate […]
Secures 28 new signings year-to-date in Southeast Asia, with plans to open 28 properties across the region this year SINGAPORE – Media OutReach Newswire – 23 September 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today announced 28 new signings year-to-date in Southeast Asia, adding over 3,400 units across its various brands in key destinations. Accounting for more than […]
A variety of solutions will offer simple and affordable cross-border shipping with returns and integration with existing e-commerce platforms Provide end-to-end delivery service from China to Germany within 4-5 working days Expedited solution to Europe, United Kingdom and U.S. SHANGHAI, CHINA – Media Outreach Newswire – 23 September 2024 – DHL Global Forwarding, the freight specialist of DHL Group, is introducing a variety of cross-border e-commerce solutions […]
SINGAPORE – Media Outreach Newswire – 23 September 2024 – Pentair (the “Company”), a leading global water solutions purveyor, is excited to announce its participation in the upcoming FHA-HoReCa 2024 in Singapore from October 22-25. Pentair’s booth number is 4D1-01, located at the entrance of Hall 4. At the event, Pentair will showcase its latest innovations in water filtration technologies, including solutions to address the growing concern […]
BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 12, the 2024 China International Fair for Trade in Services officially kicked off. The Beijing Economic-Technological Development Area (also known as Beijing E-Town) made a stunning debut in Hall 2 of the Shougang Park with its themed exhibition area. By showcasing cutting-edge innovations like Xiaomi’s SU7, Longwood Valley MedTech’s surgical robot, and the Jielong-3 […]
India’s climate tech sector is facing significant funding challenges, according to a report by IIMA Ventures and MUFG Bank. Despite the country boasting over 800 climate tech startups, the ecosystem is grappling with limited access to capital, which is hampering innovation in critical areas such as renewable energy, carbon capture, and sustainable agriculture. The findings highlight a growing concern over the sector’s future, as it seeks to […]
Vingroup, a leading Vietnamese conglomerate, is redefining the role of business in society. Through a diverse portfolio and a deep commitment to social responsibility, they are actively cultivating an ecosystem that fosters positive social impact. HANOI, VIETNAM – Media OutReach Newswire – 20 September 2024 – In the wake of Typhoon Yagi’s devastating impact, Vingroup, a leading Vietnamese conglomerate with a diverse portfolio spanning real estate, technology, […]
A significant deal has been struck in the UAE’s energy and water infrastructure sector as the UAE Offsets Group (UOG) awarded a $453 million contract to a consortium of Al Jaber Energy Services (AJES) and Technip for the transmission package of the Fujairah desalination and power project. The signing of this agreement marks a crucial step forward in efforts to meet the rising demand for water in Al Ain and power in the Northern Emirates.
The consortium, featuring AJES as the local partner and Technip, a global leader in engineering and construction, will be responsible for the design, construction, and commissioning of a 185-kilometer pipeline. This pipeline will transport water from Fujairah to Al Ain, including a 16-kilometer extension to Al Dhaid. In addition to the pipeline, the project involves the construction of associated infrastructure such as water pumping stations and storage tanks to ensure an efficient supply of water to meet growing consumption in the region.
The contract comes at a time when power demand in the Northern Emirates is increasing by 10 to 15 percent annually, particularly during the peak summer months. Addressing these needs has become a top priority for the UAE government. The project will provide a much-needed solution to the region’s persistent power shortages while catering to the growing population and industrial expansion in the area.
Al Jaber Energy Services and Technip were selected as the preferred bidders after a competitive tender process. The successful award of the contract is part of a broader strategy by the UAE to develop its water and energy infrastructure to meet both present and future needs. The project is also aligned with the country’s sustainable development goals, particularly in water conservation and energy efficiency.
The pipeline will play a critical role in ensuring the long-term security of water supply for residents of Al Ain, a city that has seen rapid growth in recent years. The consortium is expected to deliver the project with high standards of efficiency and reliability, leveraging their combined expertise in large-scale engineering projects.
This award follows a series of projects aimed at bolstering the UAE’s infrastructure, including power generation and desalination initiatives. The Fujairah desalination plant itself, part of the overall package, will have a significant capacity to meet future water demands, thus reinforcing the UAE’s commitment to sustainable water management and infrastructure resilience.
Al Jaber, a UAE-based conglomerate with vast experience in the construction and engineering sectors, has previously been involved in major infrastructure projects across the region. Meanwhile, Technip, known for its global reach and expertise in energy infrastructure, will provide the technical know-how and engineering capabilities needed to ensure the project’s success.
This contract award highlights the importance of public-private partnerships in the UAE’s ongoing efforts to address infrastructure challenges. The UOG’s involvement ensures that the project will be executed within the strategic framework of the UAE’s national development objectives. It also underscores the growing role of international companies like Technip in supporting the UAE’s infrastructure and energy needs.
Construction on the pipeline and its associated facilities is set to begin shortly, with a tight project timeline to meet the pressing demand for water and power. The Fujairah-Al Ain pipeline is expected to significantly improve water distribution efficiency and address critical shortages that have affected the region in recent years.
LONDON, UK / SINGAPORE – Media OutReach Newswire – 20 September 2024 – The Ascott Limited (Ascott), the Official Global Hotels Partner of Chelsea Football Club, is excited to bring The Famous CFC to Singapore as the event’s presenting partner. This will mark the inaugural Southeast Asian destination for Chelsea’s flagship international fan engagement programme. Scheduled for the weekend of 30 November and 1 December 2024, the […]
Regional stock markets across the Arab world reached a total market capitalization of $4.268 trillion in August, marking another significant milestone for the financial hubs of the Middle East. Major players such as Saudi Arabia, the UAE, and Qatar continue to lead the region’s stock exchanges, driven by robust economic conditions, high energy prices, and increased investor confidence in non-oil sectors. This rise reflects growing interest from […]
Investcorp, a global investment management firm, has announced the acquisition of three industrial real estate properties in the United States, marking a significant expansion in its North American portfolio. The deal, valued at $300 million, underscores Investcorp’s strategic focus on high-growth sectors within real estate and reflects its confidence in the US industrial market’s long-term potential. The acquisition encompasses three state-of-the-art logistics facilities strategically located in key […]
BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 13, at the “Beijing Day” and Beijing-Tianjin-Hebei Coordinated Investment Promotion Conference during the 2024 China International Fair for Trade in Services, it was announced that the Beijing E-Town Comprehensive Bonded Zone has been approved by the State Council. With a planned area of 0.61 square kilometer, the zone will focus on advanced manufacturing and […]
BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 13, the 2024 High-Quality Development Promotion Conference, themed “Invest in E-Town, Create the Future,” took place. Beijing Economic-Technological Development Area (Beijing E-Town, or BDA) showcased its achievements in high-level openness through various segments, including investment promotions, recognition of foreign enterprises, awards for international industrial parks, and signing ceremonies for enterprises entering the E-Town Comprehensive […]
BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – The 2024 China International Fair for Trade in Services is currently underway in Beijing. On September 13, Beijing Economic-Technological Development Area (Beijing E-Town, or BDA) announced that Bayer Healthcare Company Limited successfully completed the negative list filing for cross-border data transfers in the High-End Industrial Section of Beijing E-Town’s Pilot Free Trade Zone. As of September […]
BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – At the recent 2024 China International Fair for Trade in Services, the “Cultural Tourism Services” exhibition booth of the Beijing Economic-Technological Development Area (also known as Beijing E-Town) in Hall 9 of the Shougang Park captured attention with its strong “tech vibe.” Covering approximately 136 square meters, the booth was divided into three sections: “Technology Leading […]
