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Analysis

Ajman government initiatives boost future workforce readiness
OBG
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Industry 4.0, characterised by the integration of digital technologies and automation into manufacturing and industrial processes, presents significant opportunities and challenges for Ajman and the UAE as a whole. The national government has been proactive in adopting Industry 4.0 initiatives, including the Ministry of Industry and Advanced Technology (MIAT). These policies aim to enhance overall…

Analysis

Microeconomic climate in the GCC to boost initial public offerings
OBG
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As governments in the region continue to push for privatisation, the GCC is set to see continued strong performance in initial public offerings (IPOs) in 2024. The total number of IPOs in the region decreased marginally from 48 in 2022 to 46 in 2023 – still well above the 20 recorded in 2021. Proceeds from GCC issuers totalled $10.8bn in 2023, compared to almost $23bn the year before. The growing…

Analysis

Emerging technologies and cleaner fuel sources herald a greener future for global shipping
OBG
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With fossil fuels still powering roughly 99% of global shipping, the sector is seeking to reduce emissions through cleaner fuel sources – including methanol, ammonia and wind – that could soon see increased use. Increased Investment In August 2022 Breakthrough Energy Ventures, a coalition of private investors founded by US tech entrepreneur Bill Gates, helped Danish start-up Blue World Technologies…

Analysis

The MENA region is poised to lead global steel decarbonisation
OBG
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As global industry seeks to reduce or eliminate its carbon footprint, a number of MENA countries are investing in green steel production to capture market share and help meet emissions targets. Industry generates 20% of global greenhouse gas emissions annually, with the steel manufacturing segment accounting for the largest share, at 7%, due in part to a reliance on coal to heat smelting furnaces.…

Analysis

Smart mobility solutions pave the way for sustainable transport in the GCC
OBG
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The GCC’s population has more than doubled over the past 25 years, growing from 26.2m in 1995 to 56.4m in 2021, outpacing the global growth rate of 30%. Urbanisation has also accelerated across the region, driven by rapid economic development, migration and the concentration of economic activities in urban centres. By 2015 the GCC led Arab countries as the most urbanised subregion, with an urbanisation…

Analysis

Ajman’s transport networks look to cut carbon emissions
OBG
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Environmental sustainability has become a cornerstone of national development agendas as public and private sector entities bid to reduce the carbon footprints of countries and businesses. Given the GCC’s vast sovereign wealth and the region’s prominent position in global fossil fuel production and distribution, its members have a leading role to play in the development and implementation of eco-friendly…

Analysis

How urban areas are experimenting with cooling technologies
OBG
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With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with governments tapping into data-collection infrastructure…

Analysis

How climate strategy is guiding Ajman’s socio-economic development plans
OBG
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Ajman’s socio-economic development agenda has sustainability principles at its core. The government is investing significant human and financial resources into developing the hard and soft infrastructure required to facilitate progress towards the UAE’s goal of achieving net-zero carbon emissions by 2050. Collaboration & Education With the UAE facing challenges such as water scarcity and…

Analysis

The Gulf looks to carbon capture and hydrogen to meet green goals
OBG
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As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition. Gulf NOCs’ low-cost production advantages and massive hydrocarbons resources mean…

Overview

Ajman strengthens global investment appeal with tech, partnerships
OBG
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Ajman, the smallest emirate within the UAE, has emerged as a key player in the country’s cultural, educational and economic landscape in the 21st century. Rich in cultural heritage, Ajman features a variety of attractions including the Ajman Museum, which is housed in an 18th-century fort, and several year-round festivals that celebrate its history and traditions. The emirate is home to both Ajman…