Its Xavier Blog

  The mobility sector has come a long way in expanding access and opportunity through enabling the transportation of people, goods, and services. However with a growing global population comes rising demands for energy and the need for sustainable transportation solutions long-term. While all modes of transport face challenges personal mobility is most affected. Rapid Transformation: As seen at the recent Electric Vehicle Innovation Summit in Abu Dhabi, the sector is undergoing rapid transformation to become more intelligent, efficient, and clean - releasing fewer emissions and pollutants. This requires a viable business model for sustained investment and innovation. Investing in Change: Investment is a key driver of change in mobility. The UAE's National Smart Mobility Strategy aims to be a global leader in smart intermodal mobility by 2030 through compatible infrastructure, integrated systems, and dynamic policies. Major initiatives like joining Etihad Water and Electricity su...

President His Highness Sheikh Mohamed bin Zayed Al Nahyan embarked on a state visit to Seoul South Korea, underscoring the robust partnership between the UAE and Asia fourth largest economy. Accompanying the UAE President was a high level delegation including Minister of State for Foreign Trade Dr. Thani Al Zeyoudi. On the sidelines of the presidential visit, the two countries convened the UAE-Korea Business and Investment Forum, bringing together public and private sector stakeholders. In his remarks to the forum, Dr. Al Zeyoudi touted the success story of UAE-Korea relations and the untapped potential for greater partnership. "Korea is a hugely important trade and investment partner for the UAE. This forum will enhance our bilateral ties by promoting bilateral trade and facilitating investment across key sectors," he stated. The Minister highlighted sectors ripe for expanded cooperation such as energy, advanced manufacturing, technology, food security and healthcare. He ...

    The Blom Lebanon Purchasing Managers' Index reading dropped to 48.8 last month, from 50.1 in August, which was its highest since June 2013. A reading above the neutral level of 50 indicates growth while one below it points to a contraction. “As the summer season has come to an end, Lebanon is evidently witnessing a decrease in tourist arrivals and spending, in addition to the strike of banks,” said Stephanie Aoun, a research analyst at Blominvest Bank. “Therefore, the business activity in Lebanon's private sector is continuously shrinking amid rising inflation, political instability and weakening of the Lebanese pound.” New orders fell at a quicker pace, reflecting weaker sales performances both domestically and abroad, the survey showed. Output also declined at a stronger rate, although backlogs of work fell for the first time in three months as private businesses made inroads in fulfilling outstanding orders. The Lebanese pound's unfavourable exchange rate against th...