Category: Highlights

Emirates Group Announces Record-Breaking Financial Performance for 2023-24

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The Emirates Group has reported its best-ever financial performance for the fiscal year 2023-24, achieving a record profit of AED 18.7 billion (US$ 5.1 billion), marking a significant 71% increase from the previous year. This achievement is complemented by record revenue and a record level of cash assets. Group revenue soared by 15% to an unprecedented AED 137.3 billion (US$ 37.4 billion), driven by robust customer demand across its diverse businesses. The Group ends the year with its highest-ever cash balance of AED 47.1 billion (US$ 12.8 billion). Additionally, the…

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GoodWe Maintains BBB MSCI ESG Rating in 2023

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GoodWe, a leading inverter manufacturer and smart energy solution provider, has received a ‘BBB’ rating in the latest MSCI Environmental, Social, and Governance (ESG) evaluation. According to the scorecard released by MSCI, GoodWe’s ESG performance in 2023 excelled in Opportunities in Clean Tech and Labor Management, evaluated in various aspects such as the clean tech innovation capacity, employee relations, strength of worker protections, among others. This marks the second consecutive year that GoodWe has maintained a BBB ESG rating, reflecting its ongoing commitment to sustainable development. The company took further…

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Influential super-rich Pakistanis own properties worth $11 billion in Dubai, reveals a damning global probe report

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Pakistanis rank second among foreign nationals owning billions of dollars in Dubai, as revealed in an investigative report on offshore asset ownership by influential individuals worldwide.The groundbreaking report by the Organized Crime and Corruption Reporting Project (OCCRP) exposes that influential Pakistanis possess properties in Dubai valued at a staggering $11 billion. The affluent Pakistanis who own luxurious properties in Dubai include prominent politicians, senior retired servicemen, bankers, and technocrats. The detailed OCCRP probe report discloses that foreigners hold assets in Dubai’s property market totaling $400 billion. Indians hold the top…

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LONGi Sets New World-Record for Silicon Solar Cell Efficiency, Launching 2nd Generation Ultra-Efficient BC-Based Module

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Madrid, Spain, May 7th, 2024 – LONGi Green Energy Technology Co. today announces that the company has broken another world-record for silicon solar cell efficiency only 4 months after it last set a world-record in this area. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), new silicon heterojunction back-contact (HBC) solar cells designed by LONGi have reached an efficiency of 27.30% under laboratory conditions. The new record was announced at a celebratory event where they also unveiled a new product, the Hi-MO 9. Guests at this event included LONGi’s founder and president, Li Zhenguo,…

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Experts Advocate Energy Conservation and Industrial Growth to Tackle Pakistan’s Energy Crisis

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Energy-Crisis

During a session titled “Powering Pakistan’s Future: Strategies to Address the Energy Crisis,” jointly organized by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Business Recorder, experts emphasized the critical need for energy conservation and industrialization to combat Pakistan’s energy challenges. Finance Minister Muhammad Aurangzeb graced the event as the chief guest. Dr. Fiaz Ahmed Chaudhry from Lahore University of Management Sciences (LUMS) highlighted Pakistan’s substantial spending of $70 billion on debt servicing for additional capacity charges. He stressed the importance of accurately estimating energy demands, especially…

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