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The Our Blue Way sustainability mission of Travel Blue Group has been launched in the global travel retail accessories market, so the news says.
With this program, the company says it will become the most sustainable lifestyle travel accessories company in the world.
Report highlighted, more than 50% of its products sold this year will be made from recycled or recyclable material, and this will increase as technology develops.
Travel Blue Group Managing Director, Daniel Levin, said, "Our Blue Way represents a big step change in building our future business."
A report stated that as governments in the Middle East and North Africa (MENA) implement sustainable policies to combat climate change and environmental challenges, an expert has disclosed that conservation would be a better solution to sustainability in a region where the essential commodity, water, is scarce.
According to the United Nations, the MENA region is home to 15 out of 20 of the world’s most water-scarce countries. The situation is predicted to worsen due to population growth, unsustainable water management, rapid economic growth, and ongoing conflicts.
The Gulf Corporation Council is one of the places that uses the most water in the world.
The growth of the Middle East’s non-oil economy will continue to progress into 2023 as the GCC economies continue to diversify, said Riyadh Al Najjar, PwC Middle East Chairman of the Board and KSA Country Senior Partner.
The growth is supported by national visions, industrial strategies, sustainable destinations, and various tourism initiatives across the region that will boost growth beyond Vision 2030, he added.
Other economic transformations in 2023 could include the expected easing of liquidity conditions, an increase in efforts to green the economy, and a step-up in efforts to nationalize the private sector workforce.
Together with the Union of Investment Companies (UIC) and the help of Ernst & Young (EY), AmCham Kuwait's Banking and Finance (B&F) focus group held and co-delivered a first-of-its-kind certification session on Environmental, Social, and Governance (ESG) issues. (ESG). Executives from Kuwait's banking, finance, insurance, and legal industries, as well as representatives from the American and French embassies in Kuwait, were present.
Mercedes Vazquez, chair of the AmCham Kuwait B&F Focus Group and event organizer, Fadwa Darwish, recently appointed secretary general of the UIC, and Faisal Alabdulmuhsen, consultant in climate change and sustainability services for EY MENA, were among the session's featured speakers. The meeting, which took place at the Kuwait Chamber of Commerce, was significant because it marked the first exterior collaboration between AmCham Kuwait and the two illustrious organizations since the start of the year.
The Republic of Côte d'Ivoire's Ministry of Mining, Petroleum, and Energy has signed an agreement with Masdar, one of the world's top renewable energy companies, to investigate the possibility of developing a solar power plant with a capacity of up to 70 megawatts. (MW).
The Saudi Arabian government has hired a private consultancy company based in Riyadh called Mukatafa to help make the country's development plans more sustainable.
Bank of Bahrain & Kuwait (BBK), the forerunner in Bahrain's retail and commercial banking industries, has provided Aluminium Bahrain B.S.C. (Alba), the world's largest Aluminium smelter outside of China, with a sustainable financing loan of BD1.6 million to create its Solar Farm Project.
In the next ten years, the Saudi government plans to spend $50 billion into electric vehicle production.
By 2030, it is anticipated that at least 30 percent of all cars operating in Riyadh will be battery-operated.
DUBAI: While the market for EVs is just getting started in the Middle East, the widespread release of innovative models is helping to speed up the region's shift away from the internal combustion engine.
The CEO of Saudi Aramco, the world's largest oil producer, recently stated that the energy shift will only occur if affordability, security of supplies, and sustainability are assured. This comes at a time when reaching net-zero greenhouse gas emissions is high on the global agenda.
According to the report, Egis is set to acquire Saudi engineering firm Omrania.
French engineering and consulting firm Egis Group has entered into a definitive agreement to acquire Omrania, a Saudi Arabian architectural and engineering consultancy, according to the report.
The deal is set to close in H1 2023, subject to regulatory approvals and other closing conditions.
Omrania has been working on projects in Saudi Arabia for 50 years. It was started in 1973 and has its headquarters in Riyadh.