Sheik Saud Bin Saqr Al Qasimi, the ruler of Ras Al Khaimah, officially opened the largest battery factory in the Gulf region on Saturday. The Eternity Technologies FZ LLC plant, situated within the Ras Al Khaimah Investment Authority (Rakia) Industrial Park at Al Jazeera Al Hamra, represents a significant milestone for the emirate’s industrial sector. The Dh200 million facility, owned by the UAE-based Al Dobowi Group, is […]
BANGKOK, THAILAND – Media OutReach Newswire – 31 May 2024 – The government sector joins hands with the private sector to organize the grand event SustainAsia Week 2024, under the theme “Low Carbon & Sustainable ASEAN Economy.” The event will consist of 5 concurrent activities from August 15-17, 2024, covering exhibitions of cutting-edge energy technology and innovation, as well as international academic conferences focusing on important trends […]
Electric vehicles are poised for a significant boost in Saudi Arabia following a memorandum of understanding (MoU) signed between Lucid Motors and the Electric Vehicle Infrastructure Company (EVIQ). This collaboration signifies a strategic alliance aimed at revolutionizing the country’s EV charging landscape. The MoU paves the way for the development of a robust network of high-speed public charging stations across Saudi Arabia. This will significantly address the […]
HANOI, VIETNAM – Media OutReach Newswire – 31 May 2024 – A crucial aspect of inspiring confidence in a new brand and in a still-emerging form of propulsion is letting customers know that they are not embarking on the journey alone. European governments may operate initiatives that range from reducing taxation for EV drivers to providing money-off buying incentives, but offering assurance, guidance, support and peace-of-mind might […]
MANILA, PHILIPPINES – Media OutReach Newswire – 31 May 2024 – VinFast Auto announced the signing of cooperation agreements with the first four Philippine dealers, paving the way for a strong retail network and solidly establishing the company’s presence in the Southeast Asian country’s electric vehicle market. A large number of visitors attended the VinFast brand launch event in the Philippines. At the company’s brand launch event […]
While equities have historically been the bedrock of investment portfolios, and continue to be so, seeking out new opportunities is becoming ever more attractive, especially among the wealthy. Indeed, family offices now have 46% of their total portfolio in alternative investments, according to the latest JPMorgan Private Bank Global Family Office Report. The allure of alternative investments lies in their ability to provide diversification benefits that go […]
HANOI, VIETNAM – Media OutReach Newswire – 27 May 2024 – VinFast Auto has officially signed an exclusive dealership agreement with one of the UAE’s premier automotive dealerships, Al Tayer Motors, for the distribution of VinFast electric vehicles (EV) in the country. The inaugural facility is planned to open in 2024 and will initially retail four VinFast e-SUV models, VF 6, VF 7, VF 8, and VF […]
Startups and Entrepreneurship in Saudi Arabia a Dynamic Ecosystem Saudi Arabia is fleetly arising as a seedbed for startups and entrepreneurship. With a immature population, visionary leadership, and ambitious plans under Vision 2030, the Kingdom is transubstantiating its frugality from an oil painting-dependent model to a diversified, innovative hustler. This blog explores the vibrant incipiency ecosystem in Saudi Arabia, highlights the part of freight forwarding and logistics […]
Dubai’s urban sprawl continues its relentless march forward, and the Dubai Municipality’s Survey Department is taking a proactive approach to keep pace. The department has announced a new project aimed at modernizing its surveying practices, leveraging the latest technologies to ensure the continued accuracy and efficiency of land development in the emirate. The project, still under development, will see the department integrate advanced data collection tools and […]
Lithium-ion batteries power our modern world, from electric vehicles and laptops to smartphones and medical devices. But a key challenge lies in their cathodes, the positive electrode. Current options often rely on cobalt and nickel, which are expensive, environmentally damaging to mine, and have limited supply. Researchers from Oregon State University are offering a solution that’s both economical and ecological:iron. Their findings, published in the journal Science […]
The European Union (EU) is experiencing a positive shift in its trade balance, with exports of goods exceeding imports for the third consecutive quarter. This trend, reported by Eurostat, the statistical office of the EU, signifies a turnaround from a period of deficit that began in late 2021. The first quarter of 2024 saw a significant decline in imports from non-EU countries by 2. 9% compared to […]
The US Securities and Exchange Commission’s (SEC) recent approval of spot Ether ETFs marks a watershed moment for cryptocurrency’s journey into the mainstream. This decision not only opens up new avenues for investors to access Ethereum, the world’s second-largest digital asset, but also sets a precedent for the potential inclusion of other cryptocurrencies in traditional investment vehicles. For both institutional and individual investors, spot Ether ETFs offer […]
Debuted in Beijing, China in 2014, Formula E will race in Shanghai for the first time Committed to doing more for the environment, Formula E and DHL will use sustainable aviation fuel for all freight from Berlin race to Shanghai race, reducing carbon emissions by at least 80%, compared to kerosene DHL has been delivering logistical support to Formula E since its inception and is celebrating Formula […]
HANOI, VIETNAM – Media OutReach Newswire – 24 May 2024 – Leveraging Vietnam’s production strengths and backed by Vingroup, the country’s largest private conglomerate, Vietnamese electric vehicle maker VinFast is poised for expansion in the European market. Vietnam’s richest man is pouring resources into VinFast, the electric vehicle arm of Vingroup, Vietnam’s largest private company. This move signals a strong belief in the future of electric mobility. […]
LAS VEGAS, USA – Media OutReach Newswire – 22 May 2024 – On May 20th, U POWER Tech, a smart electric vehicle (EV) technology company, made its debut at the Advanced Clean Transportation (ACT) Expo in the United States, announcing a collaboration with VIZEON, an electric vehicle distributor, to expand into North America, with the focus on Mexico and Latin American markets. The ACT Expo is North […]
Expanding global portfolio of EV Centers of Excellence by the Group SHANGHAI, CHINA – Media OutReach Newswire – 22 May 2024 – DHL, the leading global brand in the logistics sector, has opened its latest electric vehicle (EV) Center of Excellence in Shanghai, China to support EV companies and its related sectors to grow their presence locally and globally. This marks the Group’s first EV Center of […]
German research institute Fraunhofer IPMS and semiconductor manufacturer Infineon Technologies AG (Infineon) have achieved a significant milestone in the development of smart power technologies. Through a year-long joint project, Fraunhofer IPMS provided crucial support for Infineon’s Dresden site, enabling faster production ramp-up on 300mm wafers. The collaboration focused on optimizing process modules within the complex chip manufacturing process for smart power technologies on larger 300mm wafers. This […]
K Raveendran In the lush greenery of Kerala, where the backwaters meet the sky, there’s a whisper among the coconut palms. It’s about the tagline “God’s Own Country,” a clever bit of branding done by an ad agency for Kerala Tourism that has stuck so well, even the heavens above have given it a celestial nod of approval. Imagine the scene: celestial beings gathered around a cosmic […]
Marine researchers have set their sights on a new source of inspiration for underwater technology:jet-propelled sea creatures. A recent study by the University of Oregon investigated the locomotion techniques of salps, gelatinous marine animals that resemble jellyfish. The researchers discovered that salps, which migrate vertically through the ocean depths each night, achieve propulsion through a unique form of coordinated jet action. This finding has the potential to […]
James M Dorsey US President Joe Biden doesn’t fit the mould of a high-risk gambler. Yet, gambling is the crux of his velvet glove dealings with Israel. With one eye on Israeli politics and the other on presidential elections in the United States in six months, Biden is walking a tightrope. The stakes and the costs couldn’t be higher. At its core, despite the administration’s escalating verbal […]
Qatar is embarking on a significant digital transformation journey, placing a strategic bet on artificial intelligence (AI) as a key driver. The nation revealed a $2. 47 billion investment package to fuel its AI ambitions during the fourth edition of the Qatar Economic Forum. This commitment signifies Qatar’s intent to become a regional leader in AI adoption. Shedding light on the initiative, Qatar’s Prime Minister and Minister […]
Effective 1 May 2024, Vincent Yong, previously President Director, DHL Global Forwarding Indonesia, assumes the role of Managing Director, DHL Global Forwarding Thailand Anders Hasselstroem appointed as Senior Vice President, Marketing and Sales, DHL Global Forwarding Asia Pacific, effective 1 June 2024 SINGAPORE – Media OutReach Newswire – 17 May 2024 – DHL Global Forwarding, the freight specialist of DHL Group, has announced two strategic appointments for […]
HANOI, VIETNAM – Media OutReach Newswire – 16 May 2024 – VinFast Auto (Nasdaq: VFS) today announced that it received a record-breaking number of 27,649 non-refundable and non-transferable pre-orders for the mini-SUV VF 3 within 66 hours, setting a Vietnamese automotive record, demonstrating the impressive appeal of the VF 3 and its potential to become a “national car” in Vietnam. VinFast VF 3 receives a record number […]
Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]
