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Increasingly 'smart' datacentres will lead to savings of over a billion metric tons of CO2 emissions over the next four years, IDC said. When the numbers are so large and the stakes are so high, CIOs and other executives will do well to take notice.
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Khaleej Times
9 hours ago
- Khaleej Times
Dewa adds 800MW of clean energy production capacity to its energy mix in 2025
The total production capacity of the Mohammed bin Rashid Al Maktoum Solar Park has increased to 3,860 megawatts (MW), using photovoltaic (PV) solar panels and concentrated solar power (CSP) technologies. Since the beginning of this year, DEWA has added 800MW from the sixth phase of the solar park, bringing clean energy's share to approximately 21.5% of its total production capacity. 'The Mohammed bin Rashid Al Maktoum Solar Park is our key project to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to provide 100% of the emirate's energy production capacity from clean sources by 2050. By 2030, the solar park's production capacity will reach 7,260MW, with clean energy making up 34% of DEWA's energy mix. This will reduce approximately eight million tonnes of carbon emissions annually,' said Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa). The first phase of the Mohammed bin Rashid Al Maktoum Solar Park, with a capacity of 13MW using PV solar panels, was commissioned in October 2013. In March 2017, the second phase, with a capacity of 200MW, was inaugurated. It also uses PV technology and was the first solar energy project of its kind in the region based on the independent power producer (IPP) model. In November 2020, the third phase of the solar park was inaugurated with a capacity of 800MW. This phase, also using PV technology, was the first in the Middle East and North Africa to use single-axis solar tracking to enhance energy generation. In December 2023, the fourth phase of the solar park was inaugurated with a total capacity of 950MW, combining CSP and PV panels. It uses three hybrid technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a solar power tower and 250MW from PV solar panels. In June 2023, the fifth phase, with a capacity of 900MW, was inaugurated using photovoltaic panels. DEWA is currently working to complete the sixth phase of the solar park, with a capacity of 1,800MW using PV panels. DEWA has invited international developers to participate in the implementation of the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will have a capacity of 1,600MW. This phase, which is expandable to 2,000MW, will utilise PV solar panels and a battery energy storage system with a capacity of 1,000MW for six hours, providing a total storage capacity of 6,000 megawatt-hours. This will make it one of the world's largest solar-plus-storage projects. The phase will be implemented under the IPP model.
Khaleej Times
9 hours ago
- Khaleej Times
Digital twin trading: Simulating the future of forex strategy
In the ever-evolving landscape of forex trading, where the interplay of global events, algorithmic execution, and shifting market sentiment grows increasingly complex, the search for strategic clarity has never been more pressing. Amid this complexity, one concept is quietly redefining how we approach strategy development and market resilience: Digital Twin Trading. A digital twin, at its core, is a dynamic, high-fidelity simulation of a real-world system. Originally developed in fields such as aerospace and manufacturing to optimise performance and anticipate breakdowns, the digital twin is now entering the world of financial markets. In the context of forex, it offers a powerful and practical model of trading environments — capturing the behaviour of market participants, liquidity flows, volatility shifts, and even latency dynamics — to test, refine, and future-proof strategies before capital is ever deployed. Throughout my career in financial markets, I've consistently prioritised foresight over reaction — seeking out tools and processes that allow for forward-looking decision-making. Digital twins reflect this mindset. They allow us to model trading strategies in environments that mirror real market conditions, offering a way to rehearse for tomorrow's volatility today. Unlike traditional backtesting tools, which are often built on static data and simplified assumptions, a digital twin evolves in real time. It integrates live market feeds, behavioural insights, and machine learning models to respond and adapt much like the actual market would. Traders and technologists can simulate 'what if' scenarios with greater confidence: What if market depth disappears? What if a macro release defies consensus? What if an AI-driven strategy reacts unpredictably in an illiquid pair? That said, any meaningful simulation must confront the structural realities of the forex market. As an over-the-counter (OTC) space, forex lacks a centralised exchange and a universal data source. Pricing and liquidity data are fragmented across brokers, platforms, and liquidity providers — each offering only a partial view of market conditions. In this context, the accuracy and reliability of data become critical. A robust digital twin must reflect these limitations, incorporating data gaps and execution inconsistencies into the model to avoid a misleading sense of precision. This has significant implications for risk management. A well-calibrated digital twin offers a secure environment to test not only strategy robustness but also the behaviour of risk under stress. It enables a deeper understanding of slippage, execution variability, and liquidity risk — factors that are often underestimated until they become consequential. In this way, simulation becomes a powerful complement to judgment and experience, providing a structured space for discovery and refinement. From my perspective as a financial professional, digital twins are not a theoretical luxury but a practical step towards more responsible and adaptive market engagement. They enhance our ability to navigate uncertainty without relying solely on historical patterns or intuition. More importantly, they encourage a culture of continuous experimentation and improvement — one where failure becomes a tool for learning rather than a trigger for loss. But the real promise of digital twins lies beyond the mechanics. They represent a shift in how we think about innovation and resilience. They support collaboration between human and artificial intelligence, bridge the gap between strategy and execution, and help transform abstract risk into tangible insight. This isn't about replacing the trader — it's about empowering the trader to make smarter, more informed decisions in real time. As forex markets continue to evolve at the intersection of AI, macroeconomic disruption, and geopolitical flux, we need tools that reflect both the complexity and the opportunity of this new era. Digital twin trading offers exactly that — a bridge between today's volatility and tomorrow's strategic clarity. The writer is CEO of Axiory Global.
Zawya
11 hours ago
- Zawya
Leadership Announcement: Tarun Jewalikar joins Novotel and Adagio Premium Dubai Al Barsha as Cluster F&B Director
Dubai, United Arab Emirates — Accor is proud to announce the appointment of Tarun Jewalikar as Cluster Director of Food and Beverage for Novotel Dubai Al Barsha and Adagio Premium Dubai Al Barsha. Tarun steps into this new leadership role with an invested motive to redefine the F&B offering as a destination-led experience, championing culinary innovation, commercial excellence, and sustainability. Tarun previously served as Cluster F&B Manager for Accor's Deira Waterfront cluster, overseeing operations across Ibis Styles, Mercure Hotel, and Adagio Dubai Deira. Under his guidance, the cluster achieved significant milestones like strong profitability metrics across all properties, a highly motivated team and industry-recognized sustainability initiatives. He led the successful launch of restaurant and bar concepts, high-profile regional events, and established impactful partnerships with local and international brands. In his new role, Tarun will spearhead a transformative vision for Novotel and Adagio Premium Dubai Al Barsha, positioning the hotels' F&B offerings as standalone lifestyle destinations. His leadership is anchored in a people-first culture, where team development, inclusion, and performance optimization take center stage. He will be responsible for leading F&B strategy, innovation, and commercial performance, while delivering curated and mystical guest experiences designed to elevate brand perception and customer loyalty. Speaking on his appointment, Tarun Jewalikar commented: 'I'm honoured to take on this new challenge with Accor. My vision is to evolve hotel dining into destination-led experiences that resonate emotionally and culturally with our guests, while driving meaningful value for our teams, owners, and the community.' A known pioneer in ESG-forward hospitality, Tarun has led impactful sustainability programs including zero-waste initiatives, hydroponic partnerships, and local sourcing collaborations aligned with Accor's brand and ownership values. Tarun holds an MBA in Global Hospitality Management from Les Roches Global Hospitality School, Switzerland, and a Bachelor of Science (Hons.) in Hotel and Restaurant Management from Oxford Brookes University, UK. Accor congratulates Tarun on his new role and looks forward to his continued impact in elevating hospitality experiences across the region. About Novotel Dubai Al Barsha Situated in the heart of Dubai, Novotel Dubai Al Barsha is designed to meet the requirements of travellers and residents alike. The property offers a relaxed yet lively atmosphere, inviting guests to make everyday moments matter. With an intuitive design and a range of rewarding experiences, the property promises a sharp urban-style living coupled with a comfortable atmosphere. Novotel Dubai Al Barsha offers the perfect destination to connect with family, friends and colleagues. Novotel Dubai Al Barsha won TripAdvisor's Travellers Choice Award and is rated Fabulous by guests on for its lively ambiance and a team of passionate Heartists. The Novotel Dubai Al Barsha offers to guests' exclusive savings and rewards as part of its lifestyle loyalty programme – ALL: Accor Live Limitless. Members can earn and redeem points and enjoy savings for every stay while discovering a world of unique benefits such as room upgrades and exclusive discounts in participating restaurants and more.
