Strategic Partnerships Designed to Boost Tourism and Provide Multimodal Transport, Logistics and Digital Solutions for the Hashemite Kingdom of Jordan

Aqaba, Hashemite Kingdom of Jordan.-Sunday 19 December 2021 [ AETOS Wire ]

AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements and a Head of Terms Agreement (HoT) with the Aqaba Development Corporation that will see AD Ports Group support the development of tourism, logistics, transport, and digital infrastructure within Aqaba.

The signing ceremony took place in Aqaba in Jordan in the presence of H.E. Nasser Shraideh, Minister of Planning and International Cooperation, representing H.E. Dr. Bisher Al Khasawneh, Prime Minister of Jordan; H.E. Ahmed Ali Mohammed Al Baloushi, UAE Ambassador to the kingdom; H.E. Dr. Mohamad Al-Ississ, Minister of Finance; H.E. Eng. Khairy Amr, Minister of Investment; and H.E. Dr. Nawa ... Read more »

HANGZHOU, China -Sunday 19 December 2021 [ AETOS Wire ]

Alibaba Group targeting Scope 1 and 2 carbon neutrality, 50% carbon intensity reduction for Scope 3 by 2030
Alibaba Cloud targeting Scope 1, 2 and 3 carbon neutrality by 2030
New Scope 3+ dimension to facilitate additional 1.5 gigatons of decarbonization across Alibaba Ecosystem by 2035
(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced a pledge to achieve carbon neutrality in its own operations by 2030 and introduced a Scope 3+ target, a pioneering initiative aiming to facilitate 1.5 gigatons of decarbonization across its business ecosystem by 2035. Details about its goals, including thinking and definition of the newly introduced concept of Scope 3+, are shared in the inaugural Alibaba Carbon Neutrality Action Report. Alibaba aims to provide updates annually with progress verified by accredited auditors.

According to McLedger, small and medium enterprises can save up to 85 percent of their accounting budget.

DUBAI, UNITED ARAB EMIRATES.-Sunday 19 December 2021 [ AETOS Wire ]

McLedger, the region’s first homegrown fintech cloud platform, has been appointed by Dubai SME as the official online bookkeeping solution for UAE-based startups.

It will be the one-stop platform that will manage an integrated solution for Dubai SME, the agency of Dubai Economy mandated to develop the SME sector. By utilizing cloud accounting powered by artificial intelligence (AI) and experienced accountants, McLedger will enable SME owners to effortlessly manage their accounting budget and save up to 85 percent in total expenditure.

Choosing McLedger
According to data from the Ministry of Economy, SMEs represent over 94 percent of all companies operating in the UAE. Out of that, 73 percent of the SMEs work in the wholesale and retail sector while 16 percent are in th ... Read more »

GALESBURG, Mich.-Saturday 18 December 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Power management company Eaton today announced its Vehicle Group has secured a $2.4 million grant from the U.S. Department of Energy (DOE) to develop new technologies to reduce emissions from agricultural equipment. This grant will accelerate Eaton’s progress in achieving its 2030 Sustainability Targets. By 2030, the company aims to reduce emissions from its solutions and throughout its value chain by 15%.

Under the grant, Eaton plans to develop technologies that simultaneously reduce greenhouse gas (GHG) by 10% and nitrogen oxides (NOx) by 90% for agricultural powertrains designed for multiple-duty cycles. The technologies are required to span application diversity in the segment while being both cost-efficient and robust. Separately, Eaton also received a $4.9 million grant to develop a new compact and modular solid-state transformer to reduce the cost and size of DC fast-charging sy ... Read more »

LONDON-Saturday 18 December 2021 [ AETOS Wire ]

● Cirium projects that in the next 20 years US$2.9 trillion will be spent on some 45,000 new aircraft globally

● Estimated aircraft deliveries are to replace aging fleets and meet forecasted annual 3.7% passenger traffic growth

● Single-aisle jets are expected to account for 70% of passenger aircraft deliveries to 2040

● China is predicted to receive the largest amount of aircraft deliveries with a 20% share — accommodating a forecasted passenger traffic growth rate of over 6%

● About 80% of the current passenger fleet are forecast to be retired from passenger service between 2021 and 2040

● Over 3,500 freighters — new builds and converted passenger aircraft — predicted to be supplied over the next 20 years

(BUSINESS WIRE)-- The new 2021 Cirium Fleet Forecast reveals that US$2.9 trillion is expected to be spent on approximately 45,000 new and more-fuel-efficient ... Read more »

Growth capital financing to support innovations in AI, accessibility, and customer experience

SAN FRANCISCO-Saturday 18 December 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Dialpad Inc., the industry leader in AI-powered cloud communications and collaboration, today announced $170 million in funding. The amount raised and valuation of $2.2 billion reflects the increasing importance of a truly unified approach to business communications. To date, Dialpad has raised $418 million in capital.

ICONIQ Capital leads the funding round which includes participation from Amasia, GV, OMERS Growth Equity, Work-Bench, Section 32, and T-Mobile Ventures. Dialpad will use this funding to invest in the further development and application of native artificial intelligence (AI) throughout its unified platform; hiring top talent across data engineering, natural language processing, machine learning and customer-facing roles to support its rapid global growth.

“Dia ... Read more »

• O-RAN Global PlugFest 2021 more than doubles with 144 corporate participants in the 7 global venues

• Scope includes multi-vendor interoperability, Radio Intelligent Controllers, O-Cloud, infrastructure security and end-to-end functionality

• PlugFest Virtual Showcase will allow interested public to explore the 2021 PlugFest in detail

BONN, Germany-Saturday 18 December 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- The O-RAN ALLIANCE has successfully conducted its O-RAN Global PlugFest 2021 to demonstrate the functionality and multi-vendor interoperability of O-RAN based network equipment.

The O-RAN ALLIANCE is a world-wide community of more than 300 operators, vendors and research and academic institutions working in a transparent way to develop a sustainable open RAN ecosystem. 30 mobile network operators committed to O-RAN are serving over 4.5 Billion subscribers around the world.

O-RAN Global PlugFest 2021 – O-RAN&rsq ... Read more »

Velodyne Official Lidar System Provider in Next Generation ROBORACE Vehicles

SAN JOSE, Calif. -Sunday 19 December 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced ROBORACE, the world’s first autonomous car racing series, has selected Velodyne as the official lidar sensor provider in ... Read more »

Growth capital financing to support innovations in AI, accessibility, and customer experience

SAN FRANCISCO-Saturday 18 December 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Dialpad Inc., the industry leader in AI-powered cloud communications and collaboration, today announced $170 million in funding. The amount raised and valuation of $2.2 billion reflects the increasing importance of a truly unified approach to business communications. To date, Dialpad has raised $418 million in capital.

ICONIQ Capital leads the funding round which includes participation from Amasia, GV, OMERS Growth Equity, Work-Bench, Section 32, and T-Mobile Ventures. Dialpad will use this funding to invest in the further development and application of native artificial intelligence (AI) throughout its unified platform; hiring top talent across data engineering, natural language processing, machine learning and customer-facing roles to support its rapid global growth.

“Dia ... Read more »