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Navigating cyber challenges: Deloitte Future of Cyber report provides Middle East data and urges strategic action

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Sahfy Sahfy
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Navigating cyber challenges: Deloitte Future of Cyber report provides Middle East data and urges strategic action
Navigating cyber challenges: Deloitte Future of Cyber report provides Middle East data and urges strategic action

Deloitte has released its highly anticipated Future of Cyber report, providing crucial data based on extensive Middle East and global surveys, as well as analysis and insights by Deloitte experts. The Future of Cyber report provides a vital resource for business leaders seeking to inform their cybersecurity strategies.

The survey revealed a substantial 51% of business leaders in the Middle East are concerned about lack of funding as the primary obstacle for cybersecurity, compared to only 36% of global leaders who face similar challenges. Moreover, a substantial 69% of Middle East respondents emphasized the strategic need for training and certification programs to engage, retain and develop cyber talent within organizations.

The report showcases the current levels of awareness around cyber needs in the market, with a notable 52% of respondents in the Middle East emphasizing the huge impact of cybersecurity on the success of digital transformation initiatives. In addition, 61% of respondents highlighted the integral role of cybersecurity in supporting comprehensive business disruption planning. The study also revealed that 55% of regional leaders reported achieving a positive business impact as a result of implementing cybersecurity strategies.

Tariq Ajmal, Cyber leader at Deloitte Middle East, said “As organizations face a constant barrage of cyber threats in today’s rapidly evolving digital world, it’s important to adopt a strategic approach to effectively safeguard critical assets. A proactive approach to cybersecurity is paramount, as it focuses on building long term value and is considered an essential part of the framework for businesses to produce their desired outcomes.”

“Businesses need to build resilience against disruption by planning for complex events and developing proactive incident response plans. There’s a need to view cybersecurity as a key business enabler through adequate funding, as well as training existing talent and actively recruiting top professionals,”

Squad lists confirmed for FIFA Beach Soccer World Cup United Arab Emirates (UAE) 2024 Dubai™

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Sahfy Sahfy
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Squad lists confirmed for FIFA Beach Soccer World Cup United Arab Emirates (UAE) 2024 Dubai™
Squad lists confirmed for FIFA Beach Soccer World Cup United Arab Emirates (UAE) 2024 Dubai™

The official squads for UAE 2024 Dubai have been revealed; Title favourites Brazil, Iran and Portugal named; A legend misses out for the first time since 2005.

Superstars Catarino, Chiky, the Martins twins, Moslem Mesigar, Ozu Moreira and Rodrigo headline the official squads for the FIFA Beach Soccer World Cup UAE 2024 Dubai™. The tournament will kick off on Thursday 15 February.

FIFA Beach Soccer World Cup UAE 2024 Dubai™: OFFICIAL SQUADS

Brazil goalkeeper Mao will miss out on the global finals for the first time since their inaugural running in 2005. The 45-year-old has made 52 appearances in the Beach Soccer World Cup – a record for a FIFA competition. Mao had been a regular in the Seleção squad and helped them win the Mundialito in October, before losing his place to Teleco.

There was also disappointment for Benjamin Junior, the son of the legendary Benjamin, though Brazil coach Marco Octavio included several of the sport’s finest performers, including Catarino, Edson Hulk, Filipe, Mauricinho and Rodrigo. Portugal will be without Rui Coimbra, who suffered a knee injury two weeks ago. Elinton Andrade, the adidas Golden Glove recipient at Paraguay 2019, was left out. The Seleção das Quinas nevertheless boast outstanding players such as Be and Leo Martins, Ruben Brilhante and Jordan Santos.

Fellow title forerunners IR Iran and Japan are at full strength. Mesigar will be key to Team Melli’s hopes, while the Samurai Blue will charge Ozu and Takuya Akaguma with helping them go one better than their runners-up finish in 2021. Other players to watch out for include Argentinian Lucas Ponzetti, Italians Leandro Casapieri and Marco Giordani, Americans Chris Toth and Nick Perera, Senegal’s Raoul Mendy and Walid Mohammad of United Arab Emirates.

AHRC Condemns The Wall Street Journal Article Calling Dearborn “Jihad Capital,” Urges Responsible Rhetoric in the Media and Caution in the Community:

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شمس سيف
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The American Human Rights Council (AHRC-USA) condemns the irresponsible labeling of Dearborn as “America’s Jihad Capital” in a column by Steven Stalinsky in The Wall Street Journal entitled “Welcome to Dearborn. America’s Jihad Capital.”

We are deeply disappointed that an esteemed publication like the Journal, known for its exceptional reporting, would allow such an incendiary article to be published. We are not going into the meaning and significance of Jihad in the Islamic religion; we consider it irrelevant. What is relevant here is that the word is used in the article to paint the community in a broad brush, putting it in a negative light. In addition, we are appalled that Stalinsky incites law enforcement to conduct witch hunts in the community based on Free Speech protected activities. Most troubling though, Stalinsky, by design or by default, incites acts of violence against the citizens of Dearborn. This is wrong at all levels.

We understand that Stalinsky is an Israel supporter and is bothered by the tidal wave of support for Palestinians in the US, especially in the Arab and Muslim American communities. However, just as he has the freedom to support Israel, Arab and Muslim Americans have the right to support all who resist Israeli aggression. The Palestinians are occupied and are resisting Israeli occupation. It is important to remember that it is Israel that is facing genocide charges at the UN, not the Palestinians. Indeed, the World Court found it plausible that Israel is committing genocide in Gaza and issued a number of orders for Israel to abide by. There is shame and moral cuplability in supporting the genocide in Gaza, not in supporting the Palestinians. The genocide in Gaza has shocked the conscience of the world but it has hit harder in Dearborn. In addition to the human rights dimension, many in Dearborn have family and friends in Gaza or friends and neighbors with family in Gaza. The genocide is not just a human rights issue, it is personal to them too.

 

AHRC commends Dearborn’s Mayor Abdullah Hammoud and the Dearborn Police Department for prudently taking proactive safety and security measures, stepping up police presence at all worship places in Dearborn. AHRC commends all Michigan’s law enforcement agencies, at all levels, that have initiated security precautions.

AHRC stresses that safety and security is a common responsibility between communities and law enforcement at all levels. We do not want to be alarmist, but we advise caution and reporting of suspicious activities to law enforcement.

AHRC calls upon The Wall Street Journal to immediately remove the article from its website and make sure similar incitement is not published in the paper in the future.

“It’s as they say, deja vu all over again, every time Dearborn is in the news in an unfair and negative light, the community braces itself for outsiders heading to Dearborn to commit crimes against Dearborn and its residents,” said Imad Hamad, AHRC Executive Director. “This is not speculation, it has happened in the past,” added Hamad.

UAE, Saudi Arabia, Qatar Rank among Top Emerging Markets Gulf’s leading economies are outpacing their GCC neighbors

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شمس سيف
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The United Arab Emirates, Saudi Arabia and Qatar continue to rank among the world’s top 10 emerging markets, improving or holding steady in key areas while neighboring Oman, Bahrain and Kuwait lose ground in the 15th annual Agility Emerging Markets Logistics Index.

UAE, No. 3 in the 50-country Index after China and India, held its rank from 2023, as did No. 6 Saudi Arabia and No. 7 Qatar. Oman (15), Bahrain (16) and Kuwait (21) all fell in the rankings.

In Agility’s survey of 830 logistics industry executives, respondents say Saudi Arabia and UAE are doing the most among GCC countries to accelerate economic diversification and lessen reliance on income from oil and gas.

UAE ranks No. 1 for best business fundamentals; Saudi Arabia is No. 3 in that category. Even so, logistics professionals in the survey identified further improvements for small businesses and multi-nationals as the most powerful drivers of continued diversification for all GCC countries.
The survey and Index are Agility’s 15th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and digital readiness — factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors.

UAE and Saudi Arabia rank in the top 10 in every category. Qatar ranked among the top 10 in all categories except international logistics opportunities, where it was 20th. The only top 10 ranking for Oman, Bahrain or Kuwait was Bahrain at No. 8 for business fundamentals.
Half of the logistics professionals surveyed a global recession in the coming year – down from nearly 70% a year ago. Executives surveyed say they are battling higher costs, reducing dependence on sourcing from China, and planning to boost investment in Africa despite seeing emerging markets investment overall as somewhat riskier.

More than 63% of respondents say their companies continue overhauling supply chains by spreading production to multiple locations or relocating it to home markets and nearby countries. China, the world’s leading producer, stands to be most affected: 37.4% of industry professionals say they plan move production/sourcing out of China or reduce investment there.

2024 Index Highlights

SURVEY
Supply chain restructuring – India, Europe and North America rank ahead of China as destinations executives expect to move production to in 2024 and onwards.
China – 40% expect their businesses to be less reliant on China in five years. Leading factors in decisions to de-risk in China: difficulty of doing business; U.S.-China trade friction; a slowing economy; the harshness of China’s COVID restrictions.
Climate change – 66% say climate change is something they’re planning for or already affecting their businesses.
Emerging markets – the largest percentage sees increased risk/decreased rewards in emerging markets.
India – many see India growing in importance as a producer and market, but cite inadequate infrastructure and corruption as the biggest obstacles there.

COUNTRY RANKINGS
In the Middle East and North Africa, overall rankings were: UAE (3); Saudi Arabia (6); Qatar (7); Turkey (11); Oman (15); Bahrain (16); Jordan (17); Egypt (20); Kuwait (21); Morocco (22); Tunisia (37); Lebanon (38); Iran (40); Algeria (42); Libya (50).
Rankings in Sub-Saharan Africa: South Africa (24); Kenya (25); Ghana (31); Nigeria (36); Tanzania (41); Uganda (43); Ethiopia (45); Mozambique (46); Angola (47).
Index rankings in Asia: China (1); India (2); Malaysia (4); Indonesia (5); Vietnam (8); Thailand (10); Philippines (18); Kazakhstan (23); Sri Lanka (26); Pakistan (29); Cambodia (32); Bangladesh (33); Myanmar (49).
Rankings for Latin America: Mexico (9); Chile (12); Brazil (14); Uruguay (19); Peru (28); Colombia (27); Argentina (30); Ecuador (35); Paraguay (39); Bolivia (44); Venezuela (48).
In Europe: Russia (13); Ukraine (34).

Transport Intelligence (Ti), a leading analysis and research firm for the logistics industry, has compiled the Index since it was launched in 2009.

John Manners-Bell, Chief Executive of Ti, said: “Supply chain managers are still coming to terms with the political and economic instability characterising the post-COVID global economy. Geopolitical relationships are changing rapidly, and this is having a major impact on international trade and risk profiles. Businesses need to be alive to the opportunities and threats that exist in emerging markets and use data, such as that the Agility Emerging Market Logistics Index, to inform agile decision-making.”

SODIC records EGP 30 billion in gross contracted sales, up by 42% YoY and records 164% growth in net income

By
شمس سيف
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Investment Company “SODIC” has released its consolidated financial results for the year ended 31 st of December 2023.
SODIC records EGP 30 billion in gross contracted sales, up by 42% YoY and records 164% growth in net income
Strong results with growth across key metrics and a focus on profitable sales and sustainable growth released its consolidated financial results for the year ended 31 st of December 2023.
Operational & Financial Highlights
 Gross contracted sales EGP 30.26 billion, up 42% YoY
 Cancellations 4% of gross contracted sales, down from 6% in 2022
 Net Cash collections EGP 10.5 billion
 Timely delivery of 1,427 units
 Revenues EGP 10.33 billion, up 32% YoY
 Gross profit: EGP 3.57 billion, up 36% YoY, reflecting a gross profit margin of 35%
 Operating profit: EGP 1.86 billion, up 187% YoY, implyig an operating profit margin of 18%
 Net profit after tax and non-controlling interests EGP 1.37 billion, up 164% YoY, delivering a net profit margin of 13%
 Delinquencies: 2.2%, down from 5.1% in 2022 Key Corporate Highlights
 May 15th: SODIC acquired 180 acres directly south of North Coast project Caesar, launching the project in record three months.
 July 11th: SODIC signed a revenue share deal to develop 440 acres on the North Coast
 August 30th: SODIC signed a partnership agreement with Nobu Hospitality for their expansion into Egypt for the first time, bringing their renowned brand of restaurants, hotels and branded residences to two of SODIC’s developments
 November 1st: SODIC begins deliveries in signature project “The Estates”, marking it the first developer in Egypt to start delivery in New Zayed.
Operational Review
SODIC sold 1,984 units during 2023, generating gross contracted sales of EGP 30.26 billion, an increase of 42% over EGP 21.29 billion of gross contracted sales recorded during 2022.
Gross contracted sales during the period were diversified between SODIC’s main markets, with West Cairo accounting for 51% of sales supported by the strong demand for the 464 Acres project and the Estates project which contributed to about c. EGP 12.9 bn in contracted sales, 43% of SODIC’s contracted sales in 2023. East Cairo contributed 32% of the company’s gross contracted sales on the back of robust sales on SODIC East, which contributed 16% of the year’s sales. North Coast accounted for 17% of contracted sales during 2023.
Cancellations of EGP 1.1 billion were recorded during 2023, representing 4% of the year’s gross contracted sales. This compares to a cancellation rate of 6% during 2022. Including Treasury Bills
Net cash collections reached EGP 10.5 billion for the period, with delinquencies at 2.2%. This compares to collections of EGP 7 billion and a delinquency rate of 5.1% recorded during 2022.
SODIC delivered some 1,427 units during the year, of which 911 were in East Cairo projects, while West Cairo and North Coast projects accounted for 511 and 5 of the delivered units respectively. This
compares to 1,279 units delivered during the previous year.
Deliveries on the 655-acre flagship East Cairo project SODIC East started in 2022, with the company delivering 431 units within the year 2023.
CAPEX spent on construction during 2023 amounted to EGP 6 billion, compared to EGP 3 billion spent last year.
Financial Review
Income Statement
Revenues of EGP 10.33 billion were recorded during 2023, representing a 32% increase compared to EGP 7.81 billion of revenues recorded during 2022. Revenues were mainly driven by deliveries in East Cairo projects which accounted for 56% of SODIC’s deliveries by value during the year. East Cairo projects V Residence, SODIC East and EDNC, accounted for 20%, 15% and 12% of the value delivered during the year respectively, together representing 47% of the total value of deliveries. West Cairo and North Coast projects contributed 43% and 1% of the delivered value respectively during 2023.
Gross profit came in at EGP 3.57 billion, implying a gross profit margin of 35%, gross profits recorded a 32% growth over 2022, compared to a gross profit margin of 28% in 2022, expanding 650 bps YoY.
Operating profit of EGP 1.86 billion was recorded during 2023, reflecting an operating profit margin of 18% growing 187% YoY.
Net profit after tax and non-controlling interests came in at EGP 1.37 billion and implying a net profit margin of 13% and EPS of EGP 3.85.
Balance Sheet
SODIC continues to maintain a strong liquidity position with total cash and cash equivalents amounting to EGP 2.66 billion.
Bank leverage remains low, with bank debt to equity standing at 0.37x. Bank debt outstanding amounted to EGP 3.22 billion as of 31 December 2023. Debt to equity amounted to 0.43x at year-end 2022, with EGP 3.16 billion of outstanding debt.
Total receivables stood at EGP 48.1 billion, of which EGP 10.29 billion are short term receivables providing strong cash flow visibility for the company. A total of EGP 6.7 billion of receivables are reported on the balance sheet, reflecting only the receivable.

ADDED and HYCAP Group team up to establish Industrial Complex in Abu Dhabi

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شمس سيف
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The Abu Dhabi Department of Economic Development (ADDED) and HYCAP Group, the net zero asset management company, have signed an agreement to develop the production, storage, and transport of green hydrogen, spearheading the transition to net zero in line with the United Arab Emirates (UAE) Net Zero Strategy 2050 and National Hydrogen Strategy.The Memorandum of Understanding (MoU) between HYCAP Middle East and ADDED will also see the two organisations join forces to assess establishing an industrial complex in Abu Dhabi with the involvement of local partners. The complex will specialize in industries related to hydrogen and advancement of renewable energy sources, aiming to attract and establish more industrial companies and bolster the value chains within this sector.

In November 2023, HYCAP Group opened its regional headquarters in Abu Dhabi Global Market (ADGM) to support its strategic expansion to the region and unveiled plans for a UAE-based GCC Fund that will invest in companies serving the net zero energy transition and clean hydrogen supply chain.  

The UAE’s National Hydrogen Strategy aims to make it a top 10 producer of green hydrogen by 2031 with an output target of 1.4 million tonnes per year. The UAE plans to establish hydrogen hubs to accelerate industry adoption of hydrogen, cultivating a supply chain, and enabling infrastructure. 

 

Under the MoU, the Industrial Development Bureau (IDB), ADDED’s arm to develop and regulate the industrial sector, and HYCAP will work together to establish an industrial complex in Abu Dhabi for the development of renewable energy sources, an electrolysis plant, a hydrogen storage facility, and hydrogen tankers for transportation.

The complex will contribute to the development of Abu Dhabi’s sustainable industrial sector and the goals of the Abu Dhabi Industrial Strategy (ADIS), which seeks to develop value chains for targeted sectors. It will also consolidate Abu Dhabi’s position as the region’s most competitive industrial hub.

 

HYCAP will also work on creating a robust ecosystem of industries in Abu Dhabi that revolve around the hydrogen industry and clean energy infrastructure. This includes the establishment      of clean hydrogen production facilities, clean hydrogen storage and transport, an electrolyser manufacturing facility, electrical charging manufacturing, fuel cell manufacturing, as well as developing bus and truck manufacturing facilities. The strategy is to align supply and demand for hydrogen locally, scaling up to create a viable proposition for export sales growth. Furthermore, HAYCAP is actively seeking to attract global industrial companies specialising in this field to their industrial complex in Abu Dhabi.

 

Eng. Arafat Al Yafei, Executive Director of the Industrial Development Bureau (IDB), said: “We are delighted to have signed this agreement with HYCAP, which is an important step along the road to make AD the most competitive industrial hub in the region. This is part of the partnerships we are building with leading global powerhouses to enable our manufacturing sector to achieve the Abu Dhabi Industrial Strategy’s (ADIS) goals”. 

“ADIS is guiding our efforts to accelerate the growth of the industrial sector and its transformation to Industry 4.0 methods and techniques, placing sustainability and human development at its core. The strong performance of the industrial sector in 2023 reflects continued success of ADIS initiatives as the sector now contributes over 17% to the Abu Dhabi’s non-oil GDP and 9% to the overall GDP”.

 

Jo Bamford, Chairman and Founding Partner of HYCAP Group, said: “We opened our offices in the UAE to place HYCAP Group at the centre of the world’s emerging green hydrogen hubs. The UAE is leading the transition to clean, renewable energy and this agreement with the Abu Dhabi Department of Economic Development is a demonstrable example of the commitment in the region to grasp the opportunity this presents.”

The first specialized summit for Techies TechShift Summit 2024 kicks off

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Sahfy Sahfy
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The first specialized summit for Techies TechShift Summit 2024 kicks off
The first specialized summit for Techies TechShift Summit 2024 kicks off

Sprints – the leading EdTech platform – is organising TechShift Summit 2024, which will take place on February 10th at the Greek Campus – Downtown. This summit is regarded as the first of its type in this industry.

The summit aims to raise technology awareness to bridge the gap between the qualifications required by companies and junior techies in the labour market, as well as to increase the skills and exposure of senior techies. All of this contributes to their ability not only to get employed locally but to compete globally.

At TechShift summit, many influential technology leaders gather in this prestigious event to boost technological talents and provide them with all the necessary to shape the future of work in technology globally.

The summit focuses on three key Tracks; technological innovation, various technological impacts on society, and technological employment.
It’s noteworthy that Sprints has successfully graduated thousands of technology professionals and assisted them in getting hired by the top tech companies locally and globally.

Sprints worked in collaboration with multiple governments across the past years on national and international projects to unleash the potential of youth through learning the skills of the future. Governments include the US, European, African, Middle East, and Gulf countries.

Also, Sprints has won many global awards from the world’s top accredited entities in the fields of technology, and education, and among these awards is one of Africa’s top three start-ups in Africa’s Business Heroes competition by Jack Ma’s Foundation – which is the founder of Alibaba platform, And the world’s 200 most innovative start-ups in the GSV Cup competition, One of HolonIQ’s top 50 EdTech start-ups, And North Africa’s most important start-up in the Huawei start-up competition.

On this occasion, Eng. Ayman Bazaraa – Sprints’ Co-founder and CEO – said, “ TechShift summit is an excellent opportunity for everyone to exchange experiences, including junior/senior techies, technology leaders, and CTOs. TechShift is the perfect place to boost everyone’s professional career”

The summit will include 60+ talks, workshops, and panel discussions, with over 150 speakers from technology sector pioneers discussing various topics such as artificial intelligence, cyber security, programming, data science, game development, software testing, embedded systems, and technological inclusion.

It is worth noting that Sprints is the first comprehensive solution to fill the talent gap in the market and graduate ready-to-work techies that can compete worldwide rather than only locally. Sprints guarantees the hiring of its graduates where learners only pay after being hired.

Menzies Aviation and Eurus Express to forge new JV to support sustainable growth in China

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Sahfy Sahfy
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Menzies Aviation and Eurus Express to forge new JV to support sustainable growth in China
Menzies Aviation and Eurus Express to forge new JV to support sustainable growth in China

4 February 2024, London: Menzies Aviation, the leading service partner to the world’s airports and airlines, has signed a Memorandum of Understanding (MoU) with leading logistics company, Eurus Express. Together, they will explore the opportunities to create a joint venture (JV) that will support future business growth and cultivate sustainable progress in Hainan and the wider Asia-Pacific region.
Eurus Express, a leading integrated logistics solution provider, offers highly customized supply chain solutions to their partners through a global network of 58 locations in 17 countries.
As part of this opportunity, the proposed JV would see Menzies Aviation and Eurus Express work together to provide best-in-class cargo and logistics services in China. Hainan’s free trade port status means that it is a growth priority for the JV, with both companies determined to play a key role in helping the province become an international logistics and aviation leader.
Hassan El-Houry, Executive Chairman, Menzies Aviation, said: “The signing of this MoU is further evidence of Menzies’ commitment to growth in the wider Asia-Pacific region. We are entering a new chapter for the business, and we’re immensely excited for what lies ahead. Eurus Express is one of the leading logistics companies in China, and forging new strategic partnerships like this, creates countless opportunities across a commercially important region. We look forward to working with Eurus as we explore collaborative opportunities to provide safe, secure and reliable cargo and logistics services to new and existing customers across the region.”

Philipp Joeinig, Group CEO, Menzies Aviation, said: “We are thrilled to be working with Jackie Mung, CEO of Eurus Express, and his team, whose outlook and ambition is strategically aligned with our own vision. The creation of this JV presents a valuable opportunity for us to accelerate business growth in China and beyond to deliver best in class aviation services across the region. We are looking forward to working with Eurus Express to deliver market leading, high quality aviation services in Hainan and beyond.”
Jackie Mung, CEO, Eurus Express, said: “Our vision is to empower our people, partners, and communities in Hainan to thrive, as this market transforms at breakneck speed. The future of progress relies on imagination and vision to see beyond today. By combining vast local insight and global best practices, together we can facilitate pioneering solutions for sustainable growth.”

DUBAI HOLDING OPENS SUBMISSIONS FOR THE ‘INNOVATE FOR TOMORROW’ GLOBAL SUSTAINABILITY CHALLENGE

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Sahfy Sahfy
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DUBAI HOLDING OPENS SUBMISSIONS FOR THE ‘INNOVATE FOR TOMORROW’ GLOBAL SUSTAINABILITY CHALLENGE
DUBAI HOLDING OPENS SUBMISSIONS FOR THE ‘INNOVATE FOR TOMORROW’ GLOBAL SUSTAINABILITY CHALLENGE

Dubai Holding, a global investment holding company operating in 13 countries, is now accepting applications to its ‘Innovate for Tomorrow Challenge’, inviting global innovators to share scalable and impact-driven solutions addressing critical sustainability challenges in the UAE. The challenge is open for submissions starting today until Sunday 31 March 2024.

The pioneering challenge aims to support entrepreneurial talent to develop future-focused sustainability solutions that can help in driving a circular economy in the UAE and accelerate its path towards net-zero. Spearheaded by Dubai Holding, the initiative is implemented in collaboration with TECOM Group’s in5 business incubator.

Open to global innovators and scale-up companies worldwide, ‘Innovate for Tomorrow Challenge’ provides an opportunity to submit sustainability solutions in the form of either a Minimum Viable Product (MVP), service, process or a combination, with a particular emphasis on fostering responsible consumption and production practices in alignment with the UN Sustainable Development Goal (SDG) 12. This includes areas such as economic circularity, resource efficiency, supply chain sustainability, waste reduction and consumer education.

Huda Buhumaid, Chief Impact Officer, Dubai Holding, said: “As a socially responsible business that operates For the Good of Tomorrow, sustainability is at the forefront of our operations across Dubai Holding. Our unwavering commitment to deliver positive impact and shape a better future for all our stakeholders is grounded in a steadfast dedication to sustainable innovation. Through initiatives such as the Innovate for Tomorrow Challenge, we actively pursue transformative opportunities to strengthen our contribution to national sustainability agendas, including reinforcing Dubai’s ambition to reduce its environmental impact, as well as cementing our position as a catalyst for meaningful change in the UAE and beyond.”

“This challenge offers a valuable platform for impactful collaboration with global innovators who share a commitment to implement scalable solutions to help create a better, more sustainable and inclusive future for all. We look forward to seeing the innovation the applicants will no doubt showcase and working alongside side them to provide the vital guidance and support to bring their solutions to life,” Buhumaid added.

The winner and runner-up of the ‘Innovate for Tomorrow Challenge’, expected to be revealed in May 2024, will be selected following a rigorous evaluation process and will receive a comprehensive rewards package. This includes access to TECOM Group’s in5 business incubator, and a nominal cash prize for each. The winner will have the exclusive opportunity to implement the solution through a pilot programme with Dubai Holding and will receive tailored mentoring by industry experts from across the Group. In addition, the five finalists will have the opportunity to attend an investor pitch day to showcase their innovations to key industry stakeholders.

The Egyptian National Research Institute of Astronomy and Geophysics to Host the 26th On-Site Inspection

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Sahfy Sahfy
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The Egyptian National Research Institute of Astronomy and Geophysics to Host the 26th On-Site Inspection
The Egyptian National Research Institute of Astronomy and Geophysics to Host the 26th On-Site Inspection

The National Research Institute of Astronomy and Geophysics (NRIAG), Egypt, proudly announces its hosting of the 26th On-Site Inspection (OSI) Regional Introductory Course (RIC-26) in collaboration with the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO). This significant event is scheduled to take place in Cairo, Egypt, 12-18 February 2024, Diverse group of experts and diplomats from the African geographical region

The course will provide an in-depth overview of on-site inspection within the framework of CTBT verification concepts, procedures, techniques, and operations. It will cater to 55 attendees from 42 States Signatories. Designed for individuals with diverse backgrounds and skill sets, RIC-26 aims to broaden the pool of specialists for future engagement in relevant field activities. The course will include a field exercise, allowing trainees to apply their learning and negotiation skills.

The event will commence with opening remarks from esteemed representatives, emphasizing the importance of RIC-26 in advancing the OSI element of CTBTO’s verification regime. Dr. Robert Floyd, CTBTO Executive Secretary, will address participants, highlighting the global significance of such courses in fostering international collaboration.

Simultaneously, RIC-26 will include the inauguration ceremony of the new building of the Egyptian National Data Center, a Center of Excellence for CTBT in Africa. This momentous occasion will mark the establishment of crucial facilities dedicated to advancing CTBT initiatives in the African region.

NRIAG extends a warm invitation to the diplomatic community, including Ambassadors and distinguished delegates, to attend RIC-26 and the Inauguration Ceremony. The participation of representatives will significantly contribute to the success of these events.

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