Saudi Almarai’s shares dip at the end of Sunday trading despite announcing 10% profits for Q3

DUBAI: The Dubai Electricity and Water Authority has launched its “DEWAVerse” platform on the Metaverse for its customers, employees and members of society, according to Dubai Media Office, becoming the first local government organization to do so.

DEWA will implement and develop its current and future projects through Metaverse technology, contributing to stakeholder satisfaction, business development, increasing efficiency and reducing costs.

At DEWA’s Digital Transformation Steering Committee meeting, McKinsey presented the 2022 Digital Quotient Assessment report, which highlighted DEWA’s position as the world’s leading digital utility provider.

Managing Director and CEO of DEWA Saeed Mohammed Al-Tayer said: “This also strengthens the Dubai Metaverse Strategy launched by Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

“It aims to make Dubai one of the top 10 Metaverse economies in the world, as well as a global hub for the Metaverse community to grow their success in this space.”

Al-Futtaim Toyota launches the new 2023 Yaris

Toyota’s exclusive distributor in the United Arab Emirates, Al-Futtaim Toyota, recently unveiled the new 2023 Yaris.

Hideyuki Kamino, chief engineer of the all-new Toyota Yaris, said: “With the all-new Yaris, we wanted to ensure that the vehicle is not only functional, but also reflects the lifestyle and values ​​of our customers.”

Toyota said it is maintaining its safety standards with the all-new Yaris. Toyota Safety Sense, an advanced safety technology package that includes a pre-collision system, adaptive cruise control, lane departure warning, lane departure warning and automatic high beam, is also part of the car’s safety system.

A new Front Offset Warner gives drivers a visual and audible warning if a stationary vehicle in front starts moving.

DP World is adding new trade routes to reduce supply chain congestion

UAE-based global logistics company DP World said it created more than 23,000 nautical miles of new trade routes between India, the Middle East and Africa, as well as links between Latin America, Europe and Asia, between January and September this year.

The new routes, which included several new routes connecting smaller ports with Rotterdam in Europe, have opened up new trading opportunities for cargo owners.

They also resulted in improved access to goods and services for underserved populations and offered alternative routes and ports to congested global routes, according to Emirates News Agency WAM.

A new route connecting Ecuador’s fruit and cocoa producers to Asia is also part of DP World’s route expansions this year.

CMA CGM launched a new DP World Posorja service in August in the Port of Guayaquil, connecting the country to Asia.

On a new direct route to Asia, 11 ships will be deployed on a rotation basis, reducing transit times.

With the new service, Guayaquil and Ecuador will become important hubs not only for the west coast of South America, but also for the South Pacific.

This route expansion is part of DP World’s efforts to offer end-to-end logistics solutions, it said.

It includes innovative technology and global intermodal transport services across sea, rail and road that enable the seamless movement of goods from production to consumer, it added.