Data centre projects struggle for funds despite soaring demand
Johan Nilerud is senior director of strategy and planning at Khazna Data Centers, which claims to be the largest hyperscale wholesale data centre provider in the Mena region. Data centres are critical for AI because they provide the massive computational power and data storage required. Khazna’s multi-billion-dirham 100 megawatt data centre in Ajman, announced last week, has already secured significant customer commitments 15 months ahead of completion, Nilerud says. “The financing models for data centres are still evolving,” a bank executive tells AGBI, declining to be named. This complexity is echoed by credit ratings agency Moody’s, which said in a research note last year that modern data centre construction and expansion will require access to diverse debt markets.
Source:The North Africa Journal
October 22, 2024 10:16 UTC
Middle East & Africa Thermoplastic Elastomers Market Size & Outlook, 2030
The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermoplastic elastomers market will help companies and investors design strategic landscapes. Horizon Databook has segmented the Middle East & Africa thermoplastic elastomers market based on automotive, electrical & electronics, industrial, medical, consumer goods covering the revenue growth of each sub-segment from 2018 to 2030. Rapid industrialization, along with improving infrastructure in the Middle East, is expected to drive the demand for TPEs. The Middle East & Africa is expected to become an emerging market for medical devices in the coming years.
Source:The North Africa Journal
October 22, 2024 10:01 UTC
Brompton Technology appoints Hassan Abu Minshar as technical sales manager for the Middle East & North Africa
Brompton Technology is pleased to announce the appointment of Hassan Abu Minshar as Technical Sales Manager for the MENA (Middle East and North Africa) region. Hassan brings to his new role over two decades of experience in the Pro AV industry and in live events. Prior to joining Brompton, Hassan worked with image processing manufacturer Analog Way where he successfully managed sales and operations in the Middle East, and built strong relationships with rental and staging companies, AV system integrators and LED manufacturers. Hassan expressed his excitement about joining Brompton, stating, “I am thrilled to be part of a company that I have long admired for its commitment to delivering exceptional award-winning products. Hassan’s dedication to customer satisfaction and his ability to build strong relationships will undoubtedly contribute to our ongoing success.”
Source:The North Africa Journal
October 22, 2024 09:55 UTC
Water crisis looms due to collective mismanagement of systems
The Global Commission on the Economics of Water says decades of collective mismanagement and undervaluation of water worldwide have damaged freshwater and land ecosystems and allowed for the continuing contamination of water sources. “We have, fundamentally, put the hydrological cycle under unprecedented stress, with growing consequences for communities and countries everywhere. Water crisis can be fixedThe Commission does, though, also suggest in The Economics of Water: Valuing the Hydrological Cycle as a Global Common Good that this crisis can be fixed through collective action and urgency. Cooperation on water resources global prosperity and peaceCritical role of waterThe Global Commission on the Economics of Water has submitted the report to help advance new thinking and actions around the multilateral water agenda. The Economics of Water: Valuing the Hydrological Cycle as a Global Common Good report is accessible from the Commission website.
Source:The North Africa Journal
October 22, 2024 09:25 UTC
Chart: Younger Generations To Become Biggest Spenders in Africa, Asia
HTML code to embed chartCan I integrate infographics into my blog or website? Yes, Statista allows the easy integration of many infographics on other websites. Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites.
Source:The North Africa Journal
October 22, 2024 09:24 UTC
Check out these 2024 Diwali celebrations across North Texas
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Source:The North Africa Journal
October 22, 2024 04:29 UTC
Dusty Snow on Mars Could Harbor Life According to a New NASA Simulation
Ice, Ice, BabyMars isn’t exactly a vacation destination. Like Earth, Mars also has icy glaciers at its polar regions that never melt. Martian ice likely began as dusty snow, which eventually compacted into ice over a few million years. In its mid-latitudes—the “comfortable” zone—some dusty ice fields were covered up by rocks then later excavated by meteorite impacts to re-expose the ice. The simulation tapped the physics of water, ice, and snow and how they change when mixed with impurities such as Martian dust.
Source:The North Africa Journal
October 22, 2024 03:56 UTC
Northern Trust Hosts Charity Trading Day to Benefit Four Charities
CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) held its third Charity Trading Day with employees across the world participating to benefit four charities aligned with Northern Trust’s philanthropic strategy. October is Northern Trust’s signature month of global volunteerism, known as Achieving Greater Together, and Charity Trading Day is at the heart of Northern Trust Asset Servicing’s social impact strategy. “Supporting philanthropic efforts is deeply rooted in Northern Trust’s culture,” said Teresa Parker, Northern Trust Asset Servicing President. “Since hosting our inaugural Charity Trading Day in 2022, we have donated more than US$2.5 million to charitable causes from this effort. Institutional Brokerage services including ITS are provided by NTGS SE in the EEA, Northern Trust Securities LLP (NTS LLP) in the rest of EMEA, Northern Trust Securities Australia Pty Ltd (NTSA) in APAC and Northern Trust Securities, Inc. (NTSI) in the United States, member FINRA, SIPC and a subsidiary of Northern Trust Corporation.
Source:The North Africa Journal
October 22, 2024 01:00 UTC
Fear And Loathing In The Sahel – Africa.com
Across the region, the promise of a better life under the military is fast turning into a nightmare. Unsurprisingly, the soldiers were quick to cash in on the favorable public mood. To say that the juntas’ soaring rhetoric has failed to match their actions is an understatement. Across the Sahel, a pattern of deliberate slaughter of civilians by members of the armed forces appears to have been instituted. After all, if the need for constant surveillance by the military state confirms anything, it is the persistence of the demand for reform.
Source:The North Africa Journal
October 21, 2024 20:54 UTC
UN on damage control mission after de Mistura’s Sahara partition blunder – The North Africa Post
De Mistura has said in a briefing to the Security Council last year that he raised the concept of partitioning the territory between Morocco and Algeria’s Polisario proxies. He also said in a briefing leaked by news agencies that he regretted that the idea was rejected by the parties. It was up to the members of the Security Council and the parties themselves to see what to embrace as a way forward, he said. However, the very fact that he raised partition as an alternative indicates his utter failure as a personal envoy. In raising partition, de Mistura uses the same colonial lenses that abruptly divided African territories with disregard for demography, history, and identity of these territories.
Source:The North Africa Journal
October 21, 2024 20:16 UTC
More than 230 migrants rescued off Spain's Canary Islands
Several migrants wait to disembark from a wooden boat in the port of Arguineguin, on the island of Gran Canaria, Spain, October 20, 2024. [Photo/Agencies]Against the backdrop of increasing anti-migration sentiment across Europe, Spain's coastguard conducted a rescue operation off the Canary Islands on Sunday, saving 231 migrants, including 14 women and three children, who had crammed into a dangerously overcrowded boat. After coastguards had discovered the migrants close to Gran Canaria's main port, they towed the wooden boat to safety. According to government figures, 32,878 migrants have taken the treacherous boat route from West Africa to the Canary Islands between January and Oct 15, a rise of 39.7 percent from the same period last year. In recent years, irregular migration via the Atlantic route to the Canary Islands has increased more rapidly than any other.
Source:The North Africa Journal
October 21, 2024 20:09 UTC
North Devon crime-cutting night bus experiment may be repeated
Crime-cutting night bus experiment may be repeatedStagecoach The Night Bus in North Devon has impressed police and the councils that funded itAn experimental night bus service designed to cut anti-social behaviour in north Devon has proven so successful it may return next year. Police suggested it to help tackle the typical summer rise in crime and anti-social behaviour associated with longer evenings and increased population as holidaymakers flood in. 'Successful and much-valued'Torridge and North Devon councils said feedback from a 2023 trial and the Saturday service in July, August and September had been positive. North Devon Council contributed £750 towards the night bus but said it would see if it could find more money, describing the service as “successful and much-valued”. The service was set up by the police and funded by Devon County Council, North Devon Council, Torridge District Council, Cornwall County Council, the Office of the Police and Crime Commissioner and Crimestoppers.
Source:The North Africa Journal
October 21, 2024 19:14 UTC
Dieter Franke, Regional General Manager of IHG Egypt & North Africa, Announces the Appointment of Mr. Ahmed Kamel as Hotel Manager of InterContinental Cairo Citystars
Dieter Franke, Regional General Manager of IHG Egypt & North Africa, has recently announced the appointment of Ahmed Kamel as the new Hotel Manager of InterContinental Cairo Citystars, effective 1st October 2024. Known for his luxury global culture mindset and commitment to quality and continuous improvement, Kamel has a rich background in operational excellence. Kamel holds a bachelor's degree and an MBA in hotel management as well as international relations and diplomacy. “I am excited to join InterContinental Cairo Citystars,” said Mr. Kamel. InterContinental Cairo Citystars remains committed to excellence in service, and Mr. Kamel’s leadership is expected to play a pivotal role in achieving this vision.
Source:The North Africa Journal
October 21, 2024 18:13 UTC
Morocco make it two in a row with win over Ghana
Morocco are well on course to qualifying for the knockout stages of the CAF Beach Soccer Africa Cup of Nations Egypt 2024 after securing their second win of Group A on Monday, 21 October in Hurghada. The North African nation, who are chasing a first ever finalist position and title, with their best finish being bronze in 2021 and 2022 easily brushed aside Ghana 5-2 to secure their second victory of the group. With the consecutive victory, Morocco reclaim the top spot ahead of their final group match on Tuesday against tournament hosts, Egypt who are spurred by the home crowd in Hurghada. Egypt are in action against a wounded, yet determined Tanzania who will be looking at securing their first win of the tournament. All CAF Beach Soccer AFCON Egypt 2024 fixtures are Live on CAF’s Official YouTube channel, CAF TV with exclusive content available on digital platforms using #BSAFCON2024
Source:The North Africa Journal
October 21, 2024 17:57 UTC
Rethinking role of municipalities in new electricity market
Municipal debt, electricity distribution industry reform, wheeling and costing of electricity tariffs at municipalities dominated the opening of the Association of Municipal Electricity Users Convention in Mbombela Municipality today (Monday 21 October). He pointed out that the municipalities under debt relief though seem to be in an even worse position that before. We definitely cannot continue on this trajectoryNersa awaits with keen interest to hear what the requirements will be for municipalities to participate in the electricity market that will be governed by the Market Operator. “The current business model, based on municipalities buying electricity in bulk is unsustainable.”“Other business opportunities for municipalities are needed in order to enhance revenues as well as ensure the sustainability of the municipalities. “When Eskom provides electricity to municipalities it is a sort of debt and then municipalities have to pay back [for the electricity].
Source:The North Africa Journal
October 21, 2024 17:11 UTC