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Image result for Electric cars making slow inroads in Kuwait market

KUWAIT CITY, July 28: The electrical cars are entering the Kuwaiti market gradually, opening a new phase for customers, and with it the discussions for the car charging stations needed by these vehicles have begun for the success of their experimental use on the roads, reports Al-Rai daily.

 

The Minister of Commerce had formed a technical committee specialized in electrical vehicles in which officials from 14 government agencies and the private sector had participated to establish the necessary conditions and the provision of electric charging stations in all areas.

This is in line with the vision of Kuwait 2030 which aims at increasing reliance on alternative energy and reducing dependence on oil with the aim of reducing pollution and raising the competitiveness of the state in the environmental field.

In view of the diversity of opinions on the success of electric cars spreading in the local market, the views of some officials differed on the importance of their spread and the need of the local market for them. More meetings will be held in order to outline the establishment and construction of the stations that meet the needs of the customers and move Kuwait to a new level in the automotive sector.

Source: Arab Times

Second edition of GIAS will be held from January 27-29 Dubai, United Arab Emirates, 16 July 2019, (AETOSWire): The General Civil Aviation Authority (GCAA) of UAE has announced that the second edition of Global Investment in Aviation Summit (GIAS) 2020, themed ‘Enabling Global Aviation Growth through Fund Raising and Key Partnerships’ will be held in Dubai from January 27-29.

Over 200 investors and 1,200 delegates, besides selected government officials, aviation organisations, finance & insurance firms, aviation asset owners, aircraft operators & logistic service providers and legal consultants are expected to turn up at the event.

While disclosing the details of the summit Saif Mohammed Al Suwaidi, Director General of the GCAA, highlighted the UAE’s remarkable position in the international and regional aviation industry.

Al Suwaidi said, “The national agenda for 2021 aims for UAE to be the world first in the quality of the air transport infrastructure. Although we are facing some challenges, such as determining the airspace and congestion in the UAE, we achieved great strides in the aviation industry.”

He added: “The aviation industry is one of the cornerstones of the country's economic development.” Registration is open on http://www.gias.ae/, and the website will have the latest updates on top policy makers, industry leaders and aviation experts who are attending the panel discussions and workshops.

Crucial projects and investment opportunities in the international civil aviation sector are expected to be unveiled at the event.

The summit would also reveal the best practices of the first aviation business incubator Intelak, which provides training programmes and workshops for trainees who want to learn the secrets and techniques of the aviation sector.

The first edition of GIAS has witnessed a participation of over 850 international delegates and 120 investors from 60 countries around the world, including United States, United Kingdom, France, Germany, India, Saudi Arabia and Egypt.

Note to editors

Global Investment in Aviation Summit was launched in 2018 to establish a socioeconomic sustainable civil aviation system. Ministers, aviation experts, financiers and investors gather every year to deliver a reliable environment to boost the industry. GIAS has seen a participation of more than 850 international delegates and 120 investors from 60 countries, including Saudi Arabia, US, UK, India, Germany, France. For more details visit http://www.gias.ae/, *Source: AETOSWire

 

Contacts:

Casablanca, Morocco, 16 July 2019, (AETOSWire): HSEVEN, Africa’s largest accelerator is launching “HSEVEN DISRUPT AFRICA”, an ambitious startup acceleration program designed for entrepreneurs of the Moroccan and African diaspora. The 6-month program will provide a seed investment of €150,000 plus an eventual investment of €500,000 to €1.5 million.

HSEVEN DISRUPT AFRICA is designed to support exceptional entrepreneurs building high-impact startups, and targets seed and early stage startups with 2 to 5 founders that are eager to impact Africa through innovative services, products and business models. The program will start with a global call for applications, followed by an international selection roadshow in New York, Montréal, San Francisco, Shanghai, Dubaï, Londres, Amsterdam, Paris, Casablanca.

The selected startups will benefit from a seed investment of €150,000 at the beginning of the program for 5 to 7% equity, then an eventual investment of €500,000 to €1.5 million at the end of the program. These investments will be granted through a partnership with the venture capital firm Azur Partners. The program will also benefit from funding of the Dutch Good Growth Fund (DGGF) and the Innov-Invest program of the Caisse Centrale de Garantie (CCG) with the support of the World Bank.

The startups will be given strategic advice and expertise, access to key networks and capital through our partners Azur Partners, Fabernovel, Strategy&, PricewaterhouseCoopers (PwC), l’École Centrale, Amazon Web Services and the top 50 Venture Capital firms interested by Africa. They will also benefit from tailored mentoring with +350 Moroccan and international mentors. For more information, visit: www.hseven.co

The startups will be located at HSEVEN’s 12,000 ft² campus in the heart of the Marina of Casablanca. The call for applications is now open and 10 startups will be selected to take part in the program.

“We will bring the best Moroccan, African, and African-at-heart entrepreneurs from all over the world to build impactful world-class African startups” said Amine Al-Hazzaz, Founder & CEO of HSEVEN.

About HSEVEN:

HSEVEN is the biggest Startups accelerator in Africa with a 12,000 ft² campus and an acceleration capacity of 200 startups a year. HSEVEN is building one of the strongest ecosystems on the African continent today to maximize entrepreneurs' opportunities and create world-class African startups with the ambition to:

“Accelerate the Startups that will impact Morocco and Africa’s future.”

To WATCH this press release, please click HERE or follow URL:

*Source: AETOSWire

 

The centre in Bareen International Hospital in MBZ City will offer the latest services

Abu Dhabi, United Arab Emirates, 16 July 2019, (AETOSWire): CosmeSurge, one of the region’s most trusted brands for cosmetic and aesthetic procedures, has launched its 15th centre in the UAE and Oman. Located on the second floor of Bareen International Hospital in Mohammed Bin Zayed City, Abu Dhabi, the centre will provide innovative, high quality aesthetic and cosmetic dermatology and plastic surgery services for which the brand is renowned.

NMC Health’s Chief Operating Officer Michael Davis inaugurated the new facility, which is CosmeSurge’s fourth centre in Abu Dhabi. A team of six specialists in dermatology and aesthetic services provide facial rejuvenation, laser treatments, intravenous vitamin (IV) infusion therapy and more.

“We are excited about the opening of this new branch in the capital; the intention is to provide the community in Mohammed Bin Zayed City with exceptional healthcare and treatment options. With our focus on excellence and innovation, state-of-the-art facilities and highly qualified specialists and consultants, we will continue to set new benchmarks for aesthetics and cosmetic procedures in the region,” said Davis.

In addition to four clinics in Abu Dhabi, CosmeSurge has three in Dubai, two in Sharjah, one in Al Ain, one in Fujairah, two in Ras Al Khaimah and one in Ruwais. CosmeSurge also has one clinic in Oman.

“This expansion aligns with our goal of establishing NMC Health as a leading provider of specialised healthcare and advanced surgical procedures in the global healthcare industry,” added Davis.

With the launch of this new clinic, CosmeSurge extends the range of specialties available at Bareen International Hospital, a multispecialty hospital known for its high quality medical and surgical services.

 

About CosmeSurge

Founded in 2002, CosmeSurge is one of the region’s most trusted brands for cosmetic procedures. CosmeSurge offers modern, high quality dermatology and plastic surgery treatments, and dentistry, at fourteen clinics in the GCC.

The clinics are staffed by highly qualified plastic surgeons, dermatologists and aestheticians.

At its state-of-the-art facilities, CosmeSurge provides the highest level of clinical care and service and the full range of cosmetic and dermatology services, with over sixty cosmetic treatments for different areas of the body.

CosmeSurge’s clinics in the UAE are in Dubai, Sharjah, Abu Dhabi, Al Ain, Ras Al Khaimah, Ruwais and Fujairah. CosmeSurge also has a clinic in Muscat, Oman, and one on London’s Harley Street; and it is forging partnerships with leading experts in Los Angeles and other overseas cities.

CosmeSurge is a part of NMC Health PLC. - the largest private sector healthcare provider in the region and the 3rd largest globally. With a worldwide network of over 200 healthcare facilities, NMC has earned the trust of millions and continues to serve communities across 19 countries with its bench-strength comprising of 2000 doctors and 20000 other staff members. *Source: AETOSWire

 

Terra Drone is now operating in GCC countries

Dammam, Kingdom of Saudi Arabia, July 14, 2019, (AETOSWire): One of the largest providers of industrial drone solutions in the world, Tokyo-headquartered Terra Drone Corporation, has entered into an investment agreement with NDT Corrosion Control Services Co. (NDTCCS), a leading Saudi company which has been providing nondestructive testing and inspection services in the Middle East since 1975. With this agreement, Terra Drone and NDTCCS will establish a new joint venture, Terra Drone CCS, focusing on the Middle East market.

NDTCCS counts some of the biggest oil and gas companies in the Middle East among its clients. These include major national oil and gas companies like the Abu Dhabi National Oil Company, Saudi Aramco, Kuwait Oil Company, and Oman Oil Company to name but a few. With branches in Saudi Arabia, UAE, Kuwait, Oman and Bahrain that NDTCCS has, Terra Drone CCS will provide UAV inspection and testing services to a variety of sectors, including power line, utilities, renewables, telecommunications, and oil and gas facilities. The company will also contribute to surveying activities and urban development using drones.

With Terra Drone’s innovative technology, Terra Drone CCS will be able to cater to its client base in a much more time- and cost-efficient manner. Terra Drone CCS will also utilize the technology stack of Terra Inspectioneering – Terra Drone Corporation’s newest branch which performs visual and ultrasonic inspections using proprietary drone technologies.

According to L.M. Murugan, Group General Manager, NDTCCS, “Joining forces with Terra Drone will not only add value to our customers, but it would also spark a digital transformation in the Kingdom of Saudi Arabia and the Gulf Cooperation Council (GCC). By collaborating both companies’ technical expertise and experience, Terra Drone CCS will become a pioneer of emerging technologies like drones, Internet of Things, data analytics, and artificial intelligence in the region.”

Explaining his motivation toward the new joint venture establishment, Terra Drone Corporation CEO, Toru Tokushige, says, “NDTCCS is already a market leader in GCC and the best partner we could ask for to serve clients in this region. We look forward to bringing our leading technologies such as Terra UTM, Terra Wing, Terra LiDAR, 4G LTE drones, and our proprietary mapping software Terra Mapper to the region.”

With more than 25 group companies already in its network, Terra Drone takes pride in collaborating with cutting-edge drone technology providers. If you also want to support Terra Drone on its quest to generate aerial innovations that have a lasting impact on communities the world over, please contact This email address is being protected from spambots. You need JavaScript enabled to view it. *Source: AETOSWire

 

Global survey reveals half of respondents believe the traditional role of the CFO will no longer exist in the future

Dubai, United Arab Emirates, 15 July, 2019, (AETOSWire): Insights on what will shape the future of the finance function are laid out today in a new report from ACCA (the Association of Chartered Certified Accountants) and PwC called Finance: a journey to the future?

The report summarises the responses of over 1,100 members and PwC contacts worldwide plus the views of the attendees of a series of roundtable events on six hypotheses about the future of finance which were developed jointly by the ACCA and PwC. The findings reveal:

1. 77 per cent accepted that trusted data will be open and accessible across the organisation between the present day and the longer-term horizon

2. 65 per cent agree that a change in structures will make the finance function virtual

3. Just 22 per cent agreed that soon new roles, skills and career paths will be needed as traditional finance roles will disappear.

4. 87 per cent believe that accessible, trusted data will drive real time, customer centric decision making in their organsiation

5. 72 per cent agreed that finance teams will spend a lot of their time on generating insights and will spend all their time on forward insights and not rearward review

6. 50 per cent believe the traditional CFO role will no longer exist – to be replaced by roles at the chief operating officer and chief strategy officer

Commenting on the report, Jamie Lyon, director of professional insights at ACCA said: ‘Our results show that finance is changing at a rapid pace, and this is both a challenge and an opportunity. Interestingly, the biggest barrier to this change is leadership mindset – alongside getting to grips with the technology that now pervades our working lives. It’s knowledge of this technology that’s key for the future – leaders need to keep up to speed on trends.’

Brian Furness, global head of finance consulting, PwC added: ‘The need for trusted and accessible data that meets customers’ needs came out top in these six scenarios, and I believe this is good news – alongside the other opportunities ahead, this is a real chance for finance to develop a more proactive, advisory function, where technology has been applied to minimise the operational finance workload and enable finance to focus on helping drive business performance.’

In the Middle East, finance continues to develop as a result of increased investment in technology and changing working models. The region has seen a number of legislative and fiscal reforms which continue to challenge the traditional models of doing business in the region. As a result, there is a greater need to develop the finance function of the future which continues to evolve with the economic development.

Fazeela Gopalani, Head of ACCA Middle East states ‘Amidst all the change in the region, there is a temptation to stall – but this cannot be an option. The speed of change for finance, the recognition of the need to redefine the culture and to be adaptable and flexible is essential

for success. As leaders, we need to enable rather than control projects, and embrace change as a natural course of events. With innovation and tech development being a key government focus, it continues to shape policy and the economy – therefore finance must adapt which should be at the forefront of the leadership agenda.’

Brian Furness ended: ‘This report, and the survey and workshops which underpin it, show the fast pace of change in the finance world and the opportunity this brings for organisations and the people within them. A people centred approach is required to capitalise on this, alongside a clear vision, collaboration and strong leadership.’

Notes for editor

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2019 PwC. All rights reserved

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.

Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. 

*Source: AETOSWire

 

 

Image result for Pakistan’s MCR Selects GetSwift for Last-Mile Delivery Technology at Pizza Hut

KARACHI, Pakistan--(BUSINESS WIRE/AETOSWire)-- MCR Pvt. Ltd., operator of Pizza Hut franchises across Pakistan, is pleased to announce it has selected software-as-a-service (SAAS) provider GetSwift Limited (ASX: GSW) for its last-mile delivery solutions.

“Based on the success of GetSwift in other Yum Brands/Pizza Hut markets, GetSwift was a natural choice for us in Pakistan,” said Danyal Rashid, Executive Director of MCR. “We conducted an extensive implementation review to evaluate GetSwift on local parameters and concluded that GetSwift is the best option for us to offer the fastest delivery to our customers in Pakistan.”

Pizza Hut was the first international restaurant franchise to enter Pakistan when it arrived in 1993. Pizza Hut has continued to expand across the country, making it arguably the largest restaurant chain in Pakistan.

GetSwift, which is headquartered in New York, offers delivery management automation services to businesses in dozens of industries around the globe.

 

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