
ADU Interior Design Students Showcase Industry-Ready Projects to Top Experts and Alumni
The exhibition highlighted ADU's continued focus on hands-on learning and innovation, offering students real-world experience in conceptual design, materiality, and production processes which are essential foundations for impactful design careers.
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Al Bawaba
40 minutes ago
- Al Bawaba
Union Coop and Positive Zero Launch one of the Middle East's Largest Retail Solar Energy Projects
Union Coop (UNIONCOOP:DFM), the largest consumer cooperative in the UAE, in partnership with Positive Zero, a leading provider of decentralized clean energy solutions, has launched one of the Middle East's largest solar energy projects in the retail sector. The long-term agreement will see the installation of solar photovoltaic (PV) systems on roofs and parking areas across Union Coop locations, aimed at significantly reducing carbon emissions and supporting the UAE's net-zero agreement was signed at Union Coop's headquarters in Al Warqa City Mall, Dubai in the presence of Mr. Mohamed Al Hashemi, CEO of Union Coop; Mr. Mohammed Abdulghaffar Hussain, Chairman of Positive Zero; Mr. Ahmed Al Zarooni, Chief Real Estate Officer of Union Coop; Mr. David Auriau, CEO of Positive Zero; and Mr. Laurent Longuet, CEO of Positive Zero's Generation business, along with other distinguished attendees. Scheduled for completion by mid-2026, the project will cover up to 30 Union Coop sites across Dubai and the Umm Al Quwain Coop headquarters (managed by Union Coop). With an installed capacity of 17.3 megawatts, the system is expected to produce approximately 29.23 gigawatt-hours of clean electricity annually—enough to power over 4,000 initiative will reduce carbon emissions by up to 21,650 tons each year, the equivalent environmental benefit of planting approximately 325,000 trees. It aligns with the UAE Net Zero 2050 Strategic Initiative and the UAE Energy Strategy 2050, which aims to raise clean energy's share to 30% of the national energy mix by on the milestone, Mohamed Al Hashemi, CEO of Union Coop, said: "Today marks a landmark moment in Union Coop's journey to become a leader in sustainability. By integrating clean energy solutions into our daily operations, we reaffirm our commitment to supporting the UAE's vision for a net-zero future by 2050. Union Coop aims to serve as a role model in the retail sector by adopting innovative practices that reduce carbon emissions and create lasting environmental impact.""Our responsibility as a cooperative goes beyond serving the people, as we are equally committed to protecting the environment and embedding sustainable practices that ensure a brighter future for generations to come."For his part, Mohammed Abdulghaffar Hussain, Chairman of Positive Zero, added: 'Union Coop has an important heritage, serving the UAE community for decades. This project represents one of the largest retail chain solar agreements ever signed in the Middle East and Positive Zero's most extensive generation undertaking for the retail sector in the UAE to date. We look forward to a long, successful partnership with Union Coop and delivering major environmental benefits from this renewable energy mission.'Echoing similar sentiments, David Auriau, CEO of Positive Zero, stated: 'Union Coop is making a major step forward in its sustainability journey with this distributed solar project. Our teams are already working together on the first phase, and by this time next year, we expect clean, renewable energy to be powering all agreed sites. Collaboratively, we will drive greater operational, economic and environmental sustainability and identify the potential for further clean energy innovations.' Union Coop continues to champion sustainability through impactful initiatives, including banning single-use plastic bags, adopting eco-friendly packaging, and collaborating with public and private sectors to reduce supply chain emissions.


Al Bawaba
40 minutes ago
- Al Bawaba
DGCX Reports Strong H1 2025 Performance With Over 1 Million Contracts, Led by Increased Gold and INR Quanto Futures Demand
DGCX has announced a robust performance in the first half of 2025, with over 1 million contracts traded by the end of June, marking a 30% year-on-year increase in average daily volumes. The strong performance reflects the heightened demand for hedging instruments amid global market volatility, with gold contracts and the INR Quanto product leading the uptick in trading standout performer of the period was DGCX's Shariah-compliant Gold Spot Contract (DGSG), which saw the value of trades increase from USD 15.6 million in H1 2024 to USD 46.8 million in H1 2025 – a remarkable 199.84% year-on-year increase. In volume terms, DGSG contracts rose 118% in the 12 months. The INR Quanto futures contract, a synthetic contract that enables global market participants to hedge Indian rupee exposure against the US dollar without requiring access to the underlying Indian markets, continued to attract strong trading interest. This growing popularity signifies its importance as a regional risk management tool amid ongoing FX market Bin Sulayem, Chairman and Chief Executive Officer, DGCX, said: 'DGCX has seen exceptional momentum in the first half of the year, with nearly USD 47 million traded through our spot gold contract alone – a 200% year-on-year increase – and a 30% rise in daily volumes across the exchange driven by demand for DGSG and INR Quanto performance not only places DGCX firmly on course to surpass its 2024 results but reinforces its role as a critical pillar in the region's financial global market conditions grow more complex, the exchange's rising adoption by Shariah-based investors, bullion traders, and institutional participants alike highlights the growing demand and broad appeal for sophisticated, secure, and transparent hedging tools – a position we expect will get stronger as we continue to reinforce Dubai's standing as a world-class centre for commodities and derivatives trading.'Part of DMCC's dedicated support for the precious metals industry, DGCX plays a pivotal role in Dubai's status as one of the world's largest trading hubs for gold. With over 1,500 member companies operating in the gold and precious metals sector within DMCC, the exchange complements the international district's broader offering in physical and financial trading infrastructure. The strong H1 2025 performance builds on DGCX's full-year 2024 results, which saw 1.56 million contracts traded with a notional value exceeding USD 37 billion. The exchange is well on track to surpass that figure in 2025, reinforcing its position as the region's leading derivatives marketplace.


Al Bawaba
an hour ago
- Al Bawaba
Bahraini Executives Explore AI-Powered Growth at SAP Business Unleashed Innovation Day
Business leaders and technology decision-makers gathered in Manama recently to explore how data and AI technologies are reshaping industries across the Kingdom at SAP Business Unleashed Innovation Day Bahrain. The event showcased new developments in cloud enterprise resource planning (ERP), business data platforms and embedded AI, offering organizations a path to greater agility, insight and forum brought together customers, experts and partners for a closer look at the tools and strategies driving business model transformation. With Bahrain's Vision 2030 focusing on innovation, diversification and private sector growth, the event reinforced the importance of enterprise technology in achieving long-term national goals.'Bahrain is embracing digital transformation with real intent, and we see business leaders actively seeking tools that go beyond automation to deliver a strategic advantage,' said Saquib Ahmad, Managing Director for SAP Bahrain. 'By bringing together trusted enterprise data with embedded AI, SAP is helping organizations in Bahrain build more intelligent, responsive and resilient businesses. These capabilities support national development priorities and position companies for regional and global success.'One of the central themes was SAP's Business Data Cloud, a solution that integrates business-critical data from SAP and external sources into a single, governed environment. This gives organizations the ability to manage data more effectively, while laying the groundwork for responsible AI and faster also saw SAP Business AI in action. Embedded throughout SAP's cloud applications, Business AI gives users actionable insights and enables them to streamline processes in real time. Demonstrations included SAP's AI copilot, Joule, which allows users to interact with systems using natural language, helping teams in finance, HR, procurement and supply chain make better decisions with less successCustomer success stories from Bahraini organizations such as GPIC and BNET were another highlight of the event. These companies shared how SAP technology is supporting operational improvements, workforce development and future planning. Their experiences offered valuable insights for other local enterprises looking to modernize their business sessions and live demos gave attendees hands-on exposure to cloud ERP transformation with RISE with SAP, modern HR capabilities through SAP SuccessFactors and data-driven planning with SAP Analytics Cloud. These offerings are designed to help organizations build more responsive, future-ready operations while keeping data secure and compliant. With more Bahraini companies expanding across borders and exploring new growth opportunities, SAP reaffirmed its commitment to the Kingdom's digital economy. Business Unleashed Innovation Day Bahrain reflected SAP's role as a strategic partner to organizations focused on performance, resilience and innovation through intelligent technology and connected data.