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Sunday September 20, 2020
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September 20, 2020
VACANCY ANNOUNCEMENT
September 19, 2020
S. Korea urges ADB to step up efforts for transformation in post-pandemic era
SEJONG — South Korea's finance minister on Friday called on the Asian Development Bank (ADB) to take a leading role in green and digital transformation in a post-pandemic era, Yonhap reported.Finance Minister Hong Nam-ki made the remarks during an online conference of ADB members earlier in the day, the ministry said in a statement.Hong emphasized that the Asia-Pacific region must promote a "green and digital transformation to cope with the ...
September 19, 2020
ADNEC acquires ISNR Abu Dhabi
ABU DHABI — The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, has acquired the International Exhibition for National Security and Resilience (ISNR Abu Dhabi). The leading conference in the MENA region that covers the security equipment sector, including device manufacturing and security technology development, will join the portfolio of leading international exhibitions organized by ADNEC.The acquisition comes as part of a strategic partnership signed between ADNEC and Reed ...
September 19, 2020
Sharjah Islamic Bank wins Sukuk Deal of the Year 2020 Award
SHARJAH — Sharjah Islamic Bank’s (SIB) $500 million Sukuk received the ‘Sukuk Deal of the Year 2020’, at the 10th Global Islamic Finance Awards (GIFA). The bank was acknowledged with the award, during a virtual ceremony held on Sept. 14.SIB, which enjoys strong investment grade ratings of A- by Standard & Poors, A3 by Moody’s, priced a $500 million (AED1.83 billion) 5-year sukuk, with a profit rate of 2.85 percent ...
September 19, 2020
GPCA adopts new initiative for members in Arabian Gulf
DUBAI — The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Arabian Gulf, has adopted a new initiative for members on the occasion of World Cleanup Day 2020, aimed at improving sustainability and best environmental practices at plastic manufacturing and logistics operations in the GCC.Practiced in over 60 countries and thousands of plants around the world, Operation Clean Sweep (OCS) arrives in the region ...
September 18, 2020
SWIFT announces a new strategy for instant, frictionless payments and securities processing
BRUSSELS — SWIFT Thursday announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by its Board to enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions.The cooperative will expand beyond financial messaging to provide comprehensive transaction management services. This new approach will support and accelerate innovation, paving the way ...
September 18, 2020
Invesco’s multi-factor strategy helps manage climate risk in investment portfolios
DUBAI — Sustainability and responsibility in investments have become a mainstream strategy among professional investors across the globe. At the end of 2018, more than U$30 trillion in assets under management, representing about 30% of professionally managed assets, were held within responsible investment strategies according to a biennial report from the Global Sustainable Investment Alliance.The growing concern about climate change and environmental protection have emerged as a leading issue for ...
September 18, 2020
Why costlier 14 MW turbines actually reduce the large-scale farm bill
OSLO — Siemens Gamesa’s massive 14-megawatt (MW) wind turbine is set to become commercially available from the mid-2020s, furthering the industry’s push for larger and more efficient facilities. A Rystad Energy analysis shows that although they are more expensive to manufacture, choosing these giant turbines actually reduces overall costs for large-scale offshore wind farms.Their added costs are expected to be mitigated by fewer required units and the efficiency gains associated ...
September 18, 2020
Alibaba Cloud digitalizes sports events with more AI solutions
HANGZHOU, China — During Apsara Conference 2020, the digital technology and intelligence backbone of Alibaba Group, unveiled a series of artificial intelligence (AI) powered solutions which are set to transform and digitalize the way sports entertainment was traditionally organized, broadcasted and consumed.The solutions are designed to bring spectators closer to the events’ center stage for more personalized and interactive engagement, while helping organizers and broadcasters operate more efficiently, effectively and ...
September 18, 2020
IBTM World 2020 transitions to virtual
BARCELONA — IBTM Events Friday announced that IBTM World 2020 will transition to being a virtual event this year. This difficult decision has been made in close consultation with partners and is a result of the incredibly unpredictable travel restrictions that continue to be in place across the globe because of COVID-19.“Whilst we have been planning positively for a live event in December, and we know that people want to ...
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