Finance & economy

February 18, 2020


Royal DSM, Generation Unlimited partnership targets one million young farmers in Africa

Royal DSM, a global science-based company in nutrition, health and sustainable living has partnered with Generation Unlimited and Sight & Life to provide opportunities for young entrepreneurs through the development of agri-food businesses, with the aim of reaching and improving the lives of an estimated one million young smallholder farmers in Africa.

Generation Unlimited is a global partnership hosted by UNICEF that identifies and grows solutions"...

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February 18, 2020


Japan donates 4,750 metric tons of rice to refugees in Uganda

Japan’s Ambassador to Uganda, H.E Kazuaki Kameda has handed over 4,758 metric tons of rice for distribution to refugees and socially vulnerable people including those in communities hosting refugees.

The donation is also topped up with the contribution of USD 640,000 in cash to meet associated costs like transportation, handling and storage.

The food donation has"...

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February 18, 2020


National Geographic Photographer Tells AURAK About His Work

National Geographic contributor Kiliii Yuyan gave a presentation about his photography titled ‘True Grit in Photography (and Life)’ at the American University of Ras Al Khaimah (AURAK).

The presentation was organized in conjunction with the US Consulate General in Dubai and the Sheikh Saud Bin Saqr Al Qasimi Foundation.

Mr. Yuyan specializes in photographing"...

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February 17, 2020


First of Its Kind Book on the Digital Transformation of the UAE Launched in Collaboration with Smart Dubai

Authors Dr. Saeed K. Al Dhaheri and Ranjit Rajan have collaborated with Smart Dubai to publish a book on the digital transformation of the UAE, aptly titled, Digital Nation: How the United Arab Emirates is building a future based on tech innovation. The 160-page book officially launched at the 39th GITEX Technology Week in October 2019, will take you on a journey through the UAE’s ongoing digital transformation, driven by harnessing disruptive technologies, such as artificial intelligence (AI) and digital innovation. H.E. Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Department said, “At Smart Dubai, one of our key priorities is establishing Dubai and the UAE as a global benchmark for smart transformation. We consistently look forward to partnering with projects such as the Digital Nation to expand our regions’ knowledge-sharing efforts with the world.......

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February 17, 2020


Seoul Global Challenge 2019-2020 Finds Success in Finding Innovative Solutions to Reduce the Fine Dust in Seoul Subway

(AETOS Wire)-- The Seoul Global Challenge (hereinafter called SGC) 2019-2020, hosted by the Seoul Metropolitan Government and organized by Seoul Business Agency (SBA) aimed at finding innovative solutions to urban problems by inviting global innovators, culminated with the awards ceremony on the 6th, according to the Seoul Metropolitan Government. The subject of the 1st SGC was “Proposals on reducing fine dust levels in the Seoul Subway.” The Challenge brought together 106 companies from all parts of the world, including the United States, France, and Japan as well as Korea, who introduced their products for competition in three categories -- tunnel, platform, and train. The solutions selected as finalists were installed in the Seoul Subway to test their effectiveness in reducing fine dust levels. As a result, three teams were selected as winners with the most effective solution. KRW 500 million in prize money was awarded to the first-place winner and KRW 50 million each for two category winners. First-place winner Corning took part in the Challenge’s......

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February 16, 2020


Phatisa acquires food supplier Rolfes

African private equity fund manager Phatisa, through its Food Fund 2, together with Sabvest, Masimong Chemicals and Rolfes management, have acquired the entire issued share capital of Rolfes Group, in public-to-private transaction to unlock new growth opportunities.

Following the acquisition, Rolfes has been delisted from the Johannesburg Stock Exchange.

Established in"...

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February 13, 2020


Andersen Global enters Republic of Guinea’s market

Marking its debut in the Republic of Guinea, Andersen Global announced the continuation of its African expansion by way of a collaboration agreement with Nimba Conseil, a tax and legal firm based in Conakry.

Nimba Conseil, founded in 2005, includes Office Managing Partners Guy Piam and Aminata Bah, with more than 10 tax and legal professionals. The firm provides legal and tax assistance for multinational and local companies, including administrative"...

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February 13, 2020


Algeria purchases around 540000 tonnes wheat in tender -trade

The Algerian Interprofessional Cereals Office (OAIC) bought about 540,000 tonnes of milling wheat in an international tender closed on Monday, Reuters reported on Tuesday.

Algeria paid between $ 237.5 and $ 237.75 per tonne of wheat, including delivery, reports the same source, adding that delivery is expected in April. If the wheat were to come from South America, delivery is expected in March.


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February 13, 2020


Del Monte to Take Part in GULFOOD 2020

Del Monte in the Middle East and North Africa (“MENA”) will be taking part in the 25th edition of Gulfood, ‘Gulfood 2020’, the world’s largest annual food, beverage and hospitality exhibition, slated to take place from 16 - 20 February 2020 at the Dubai World Trade Center (DWTC) under the theme ‘Rethinking Food.’

“As 2020 ushers in another key year in Del Monte’s expansion, the company will leverage"...

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February 13, 2020


Be on top of the game with the flagship, Nikon D6

Speed is key in the world of sports and photojournalism. The new Nikon D6, announced by Nikon Middle East FZE today, makes the mark in Nikon’s history with its most powerful autofocus to capture the decisive moments, and delivers them with fast and versatile communication options so those winning shots swiftly make it to the news-desk or social media with just a few taps.

Be it from an all-selectable 105-point autofocus (AF) employing cross"...

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