FedEx Corp, one of the world’s largest cargo airline, announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration.This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.By 2040, the entire FedEx parcel pickup and delivery (PUD) fleet…
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Global technology brand, OPPO, will launch the all-new Reno5 Series in the Middle East and Africa (MEA) shortly. The company’s first ‘all-5G’ launch includes three variants – Reno5 Pro 5G, Reno5 5G and Reno5 Z 5G – that both boast the ultra-fast speed and power of 5G.True to its 2021 theme ‘Technology for mankind, kindness for the world’, OPPO believes that 5G will empower humanity to live fully connected lives and reap the full benefits of a technology-powered world. The grand launch of the Reno5 series in MEA, themed ‘Featuring You’, will take place on Tuesday 16 March 2021, hosted…
The cement market in Saudi Arabia is set to grow by 1.66 million tons during 2020-2024. Technavio segments the cement market by application (residential and commercial) and region (Central, Western, Southern, and Eastern). The report identifies the launch of Saudi Vision 2030 as one of the major factors propelling the market growth. In 2016, Saudi Arabia announced Vision 2030, a blueprint for the country’s long-term development goals. The plan is focused on the development of various sectors including religious tourism, healthcare, and real estate, retail, and smart cities. Vision 2030 is expected to reduce the country’s dependency on oil reserves…
DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to USD 1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.The signing ceremony was held in the presence of the Coordinating Minister for Maritime and…
Ideanomics has acquired 20 per cent of Italian Energica Motor Company S.p.A. for the value of $13.2 million. Energica develops high performance 100 per cent battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy’s Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with…
Positive momentum for technology-related employment in the United States continued in February, with key indicators pointing to strong current and future employer demand for tech talent, according to an analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce.Tech sector companies added 7,700 workers in February, data in the Employment Situation report released by the U.S. Department of Labor’s Bureau of Labor Statistics reveals. The total includes both technical and non-technical job roles. IT occupations throughout the nation’s economy expanded by 178,000 jobs last month.1 The unemployment rate for IT occupations remains at 2.4% compared to…
A latest market research report titled “Content Marketing Market by Objective (Lead Generation, Brand Awareness, Thought Leadership, And Others), Platform (Blogging, Videos, Infographics, Case Studies, And Others), End-user (Retail, Automotive, Financial Services, Telecom, And Others), and Geography APAC, Europe, MEA, North America, and South America)- Forecast and Analysis 2020-2024, published by Technavio forecasts the market to reach USD 269.24 billion by 2024, at a CAGR of 13% during the forecast period.Rising number of mobile device users and growing use of content marketing by companies for brand building will boost the market growth. The focus of companies toward building brand awareness…
The number of telecom subscribers in the UAE, including mobile phones, landlines and Internet, grew to 21.92 million by the end of 2020. The latest statistics released by the Telecommunications and Digital Government Regulatory Authority indicated an increase in the number of mobile phone subscribers to 16.82 million by December end from 16.70 million in November, at a spread rate of 186.1 lines per 100 people, with mobile subscriptions accounting for 76.2 percent of the total subscription base.Pre-paid mobile phone subscriptions totaled 13.178 million by end of December, while post-paid mobile phone subscriptions stood at 3.641 million for the same…
Omniyat real estate group has become the newest sponsor and official luxury lifestyle partner to professional sports association, Shabab Al Ahli Club, following the signing of a partnership agreement where the ceremony took place in The Opus by Omniyat, under which Omniyat now sponsors various sports teams in the club, including football, basketball, volleyball and cycling. Shabab Al Ahli is one of the largest sports institutions in the country and represents Dubai locally and internationally.The agreement comes as part of a move to integrate the roles between economic institutions in the state and sports clubs, with the aim to raise the…
Dubai’s Roads and Transport Authority (RTA) has been accredited by a recent specialized benchmarking study accredited for the superior performance in ensuring that the daily operation of the Dubai Metro complies with the standard noise and vibration levels. Such findings were made in a study that covered multiple metro systems of metropolitan cities in the second half of 2020.Abdul Muhsen Ibrahim Younus, CEO of Rail Agency, RTA, expressed his delight with this important technical achievement. “This achievement is a testament to the daily operational efficiency of the metro system as well as the safety and security levels of the metro…