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Islamic Development Bank Group Commits to Supporting “Climate Resilient Pakistan” with US$4.2 Billion in Financing
1Feb By editor 123No Comments
Business, Economy, Lifestyle, Social Impact

Islamic Development Bank Group Commits to Supporting “Climate Resilient Pakistan” with US$4.2 Billion in Financing

H.E. Dr. Muhammad Al Jasser, President and Group Chairman of the Islamic Development Bank Group (IsDB), announced a US$4.2 billion IsDB Group commitment to support Pakistan's climate resilience efforts and development agenda, as well as the country vision 2025, over the next three years, including US$600 ordinary capital resources from the IsDB Group. He made the statement today in Geneva at the International Conference on Climate Resilient Pakistan, which was held in response to the devastation caused by Pakistan's recent floods. The United Nations and the Government of the Islamic Republic of Pakistan collaborated to host the International Conference on Climate Resilient Pakistan in order to gather international aid to assist Pakistan in rebuilding more effectively following the r...
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Dubai’s first floating padel court now open in JLT
1Feb By editor 123No Comments
Business, Entrepreneurs, Lifestyle, Social Impact

Dubai’s first floating padel court now open in JLT

Padelx, a Swedish floating padel court idea, has established its first outpost in Dubai's Jumeirah Lake Towers (JLT). Cluster I's court is now open to the public. There are two padel courts floating over the lake with views of the nearby high-rise skyscrapers. The facility offers two premium courts that can be reserved through the app for AED200 for 60 minutes each court. “We’re incredibly excited to be launching our first floating court here in Dubai. Our first floating court in JLT is just the first chapter of a, hopefully, long and wonderful story for us and a channel to build the ecosystem sport itself here in the Middle East. We believe an active lifestyle should be fun, and this special court is a testament to that,” said Sofie Källström, the Chief Executive Officer of Pade...
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Carrier Emirates test flies Boeing 777 on sustainable fuel
1Feb By editor 123No Comments
Business, Entrepreneurs, Lifestyle, Social Impact, Syariah compliance

Carrier Emirates test flies Boeing 777 on sustainable fuel

DUBAI, United Arab Emirates – Emirates successfully test-flew a Boeing 777 with one of its two engines wholly fuelled by sustainable aviation fuel on Monday. This comes as airlines throughout the world strive to reduce their carbon footprint. Flight 2646 flew for less than an hour over the United Arab Emirates' coastline after departing from Dubai International Airport, the world's busiest for international travel, and flying out into the Persian Gulf before circling back to land. For safety, the plane's second General Electric Co. engine ran on standard jet fuel. “This flight is a milestone moment for Emirates and a positive step for our industry as we work collectively to address one of our biggest challenges — reducing our carbon footprint,” Adel al-Redha, Emirates’ chief oper...
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Helping Malaysian SMEs To Compete In The Local And International Halal Industry
3Jan By editor 123No Comments
Business, Entrepreneurs, Lifestyle, Social Impact, Syariah compliance

Helping Malaysian SMEs To Compete In The Local And International Halal Industry

Of course, the story of the worldwide pandemic is far from done, but in Malaysia, more promising chapters are being written as the government's efforts to restart and expand the economy begin to bear fruit. This comes after a determined effort in digital transformation by all economic sectors, as well as a laser-focused implementation of the national vaccination programme. Despite ongoing challenges, the Malaysian economy has demonstrated admirable resilience, growing by 7.1% in the first half of 2021, according to the Ministry of Finance. This puts the country in a strong position to capitalise on emerging and reemerging possibilities both domestically and globally. One area positioned to profit further is Halal business, which will be aided by Malaysia's excellent infras...
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Market misery deals sovereign wealth funds historic setback in 2022
3Jan By editor 123No Comments
Announcement, Business, Economy, Financial, Social Impact

Market misery deals sovereign wealth funds historic setback in 2022

Stock and bond market declines during the last year have reduced the total worth of the world's sovereign wealth and public pension funds for the first time ever - by $2.2 trillion, according to an annual survey of the industry. According to Global SWF's study on state-owned investment vehicles, the value of assets managed by sovereign wealth funds declined to $10.6 trillion from $11.5 trillion, while that of public pension funds fell to $20.8 trillion from $22.1 trillion. According to Global SWF's Diego López, the key reason was the "simultaneous and massive" 10 percent-plus corrections in major bond and stock markets, a combination that had not occurred in 50 years. It happened as Russia's invasion of Ukraine drove commodity prices higher and inflation rates to 40-year highs...
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Top tips to address job burnout
2Jan By editor 123No Comments
Business, Economy, Lifestyle, Social Impact

Top tips to address job burnout

Are you continuously tired? Do you feel like your energy is constantly depleted? Are you feeling dissatisfied at work and finding it difficult to motivate yourself? Or, more simply, do you want to get back home and turn off as soon as possible? If you frequently feel any of the aforementioned emotions, you may be suffering from burnout. It is a gradual process that creeps up on you, but the results can be irreversible. As a result, the time has come to pause, analyse, shake it off, and regain control. Many people assume that burnout is caused by the stress and expectations of our jobs. Job burnout exists, but it is not the primary cause. We often believe that taking a break from work will help us recover from burnout. It's possible that it'll be beneficial. Other, less visible...
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Soccer legend Pele dies at 82
2Jan By editor 123No Comments
Lifestyle, Social Impact

Soccer legend Pele dies at 82

Pele, the soccer genius who helped Brazil win three World Cups and was widely considered as the greatest player the world's favourite sport had ever produced, has died. He was 82. He had been undergoing cancer therapy since 2021 and died on Thursday at a hospital in Sao Paulo, according to the Associated Press. Pele's physical creativity, goalscoring touch, and graceful play helped establish Brazil's position as the international soccer dream squad, motivating future generations to take up the sport. At the age of 17, he had his first taste of World Cup win in 1958, and he was a member of Brazil teams that won two more trophies in 1962 and 1970. He scored 757 goals in professional games, including 77 for Brazil, as well as over 500 in unofficial "friendly" matches. It was deba...
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PureHealth’s Shaista Asif on why longevity is the key to the future of healthcare
2Jan By editor 123No Comments
Business, Lifestyle, Social Impact

PureHealth’s Shaista Asif on why longevity is the key to the future of healthcare

Consider a world in which people live long, satisfying lives, reach their full potential, and are in good health. As far-fetched as it may appear to some, this is the future Shaista Asif is determined to build, and it is no pipe dream. Asif is motivated to realise this ideal of longevity while also transforming the current approach to healthcare. And it's not just about the money. “It’s about enhancing the quality of life and elevating the healthcare landscape,” says PureHealth's group COO. PureHealth is the UAE's largest comprehensive healthcare platform. Asif's determination and vision are backed up by the strength of a robust ecology that is driving this evolution. PureHealth has grown from strength to strength since its inception in 2006, expanding to include more than 25 hos...
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AlUla sets the stage for the next big tourism boom
2Jan By editor 123No Comments
Business, Lifestyle, Social Impact, World support

AlUla sets the stage for the next big tourism boom

AlUla is a rich destination of human and natural heritage with over 200,000 years of history. It is home to ancient riches such as the Nabataean city of Hegra, Saudi Arabia's first UNESCO World Heritage site, and the Dadanite and Lihyanite Kingdoms' tombs. It also houses the city's most iconic landmark, the Tantora, or sundial, which is utilised by residents of the old town to signal the start of the 40-day winter growing season. It is the inspiration for the Tantora Winter Festival. Following the success of Winter at Tantora, which ended in February 2022, Amr AlMadani, CEO of the Royal Commission of AlUla, said that the destination will be open all year and assist raise tourist numbers. According to the CEO, the city is laying the groundwork for 250,000 tourists and visitors ...
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Foodics to become the region’s leading food technology company
2Jan By editor 123No Comments
Business, Entrepreneurs, Lifestyle, Science & Technology

Foodics to become the region’s leading food technology company

Startups in the Middle East have met their 2022 goals for investment, expansion, and technology advancement. With an increase in funding, partnerships, and product development in the ecosystem, the region saw startups generating headlines like never before. Saudi Arabia's Foodics topped the list of the region's most active startups, outperforming all expectations and seeing tremendous development. Foodics, a Saudi-based food and fintech startup founded in 2014, provides point-of-sale solutions with hardware and software to increase the food and beverage market. According to Foodics CEO and co-founder Ahmad Al-Zaini, the company's first acquisition and series C fundraising round were the most important milestones in 2022. “This year has been crucial for Foodics,” said Al-...
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