JIMCO, CFS  to provide the world with limitless sustainable power

JIMCO, CFS  to provide the world with limitless sustainable power
Fady Jameel, a member of the Jameel Family’s Investment Supervisory Board, with Bob Mumgaard, the CEO of CFS.
Short Url
Updated 05 December 2021

JIMCO, CFS  to provide the world with limitless sustainable power

JIMCO, CFS  to provide the world with limitless sustainable power

The Saudi-based Jameel Investment Management Co. has participated in a $1.8 billion funding round for a US fusion energy company, it has been announced.
JIMCO has invested an undeclared amount in Commonwealth Fusion Systems, a company founded in 2018 that is building the world’s first net-energy giant fusion system.
“The world is ready to make big investments in commercial fusion as a key part of the global energy transition,” the chief executive officer of CFS, Bob Mumgaard, said.
He added: This diverse group of investors includes a spectrum of capital from energy and technology companies to venture capitalists, hedge funds, and university endowments who believe in the impact fusion will have as we look for large scale solutions to decarbonize.”

FASTFACT

The Saudi-based Jameel Investment Management Co. has participated in a $1.8 billion funding round for a US fusion energy company.

CFS’ HTS magnet technology enables significantly stronger magnetic fields in a fusion device called a “tokamak,” existing versions of which rely on the scale of the device to attempt net energy.  HTS magnets support a high-field approach that will enable CFS to reach net energy from fusion with a substantially smaller, lower cost device and on a faster timeline.  This HTS magnet technology will be used in SPARC, now under construction in Devens, Massachusetts and on track to demonstrate net energy from fusion by 2025. 
 Fady Jameel, a member of the Jameel family’s investment supervisory board, said: “It is critical that private investors cultivate close, collaborative relationships with research scientists and universities.  The Jameel Family has nurtured our relationships with MIT, and others, supporting innovative thinking and development of emergent technologies towards solutions aiming to address some of the world’s most pressing challenges.”
“This investment in CFS is a step towards a more sustainable future for everyone demonstrating how ‘patient capital’, particularly from family investors, can show leadership in enabling transformational change by championing opportunities for business in the new green-tech economy.”


New Zealand showcases culture at Expo 2020

New Zealand showcases culture at Expo 2020
Updated 17 January 2022

New Zealand showcases culture at Expo 2020

New Zealand showcases culture at Expo 2020

The New Zealand Pavilion is set to celebrate its biggest month yet at Expo 2020 Dubai, revealing a stellar lineup of music, dance and culinary events throughout January. The action-packed cultural calendar, running from Jan. 13, culminates with New Zealand’s National Day celebrations on Jan. 31, including a special performance by one of the nation’s top-selling live bands, Six60.

Guided by its Expo theme “Care for People and Place,” New Zealand’s January cultural showcase celebrates the breadth and variety of the country’s creative talent. Throughout the month, Expo visitors can join culinary events hosted by leading New Zealand chefs and enjoy a diverse range of performances by some of its most celebrated singers, dancers, and artists, as well as a specially curated production from the future of New Zealand’s performing arts.

Clayton Kimpton, New Zealand’s commissioner-general to Expo 2020 Dubai, said: “This month’s calendar of cultural happenings at Expo 2020 Dubai is a prime opportunity for Aotearoa New Zealand to demonstrate our creativity and innovative spirit on a global stage. We look forward to welcoming visitors to join us in marking our National Day on Jan. 31 and celebrate our country’s creativity, showing how care and hospitality are part of New Zealand’s rich culture.

“The diverse lineup of events planned for our National Day celebration will give Expo 2020 visitors a deeper understanding of who we are and put the spotlight on our arts and creative sector, which contributes $10.98 billion to our gross domestic product,” he added.

Taste New Zealand, a culinary showcase of the nation’s food and beverage offering, is a three-week event being led by visiting chefs Sid Sahrawat, and Kārena and Kasey Bird, as well as New Zealander Jesse Blake, head chef at homegrown restaurant LOWE.

From Jan. 23-31, New Zealand will host a modern, urban and youth-focused lineup of performances. Curated by Parris Goebel, creative director of the entertainment and cultural program for New Zealand at Expo 2020, and one of New Zealand’s most internationally successful entertainers, the program will appeal to entertainment seekers of all ages.

Goebel, a New Zealand Samoan choreographer, has become a renowned figure in pop culture around the world, having worked with the likes of Rihanna, Justin Bieber, Jennifer Lopez, Ariana Grande, Janet Jackson, and Nicki Minaj. As part of New Zealand’s January showcase, she has created, directed and produced a show, exclusively for Expo 2020 Dubai, called “Wonderland” that will amplify the voices of young New Zealanders.

“It has been such a privilege to be part of Aotearoa New Zealand’s Expo journey and to showcase our unique entertainment and culture to the world through our amazing talent,” Goebel said.


Dubai chefs add French twist to American cheeseburger

Dubai chefs add French twist to American cheeseburger
Updated 17 January 2022

Dubai chefs add French twist to American cheeseburger

Dubai chefs add French twist to American cheeseburger

As part of a campaign launched by the French Dairy Board and the European Union, a quartet of Dubai chefs, authors and bloggers visited New York City to undertake various workshops and masterclasses to replicate the original cheeseburger recipe, using a key ingredient, European cheese.

Synonymous with America, the cheeseburger dates back to the 1920s and 1930s when the first versions of cheeseburgers appeared on menus. Back then, cheese was already a central ingredient with toppings typically consisting of lettuce, tomato, pickle and raw onions with a selection of condiments.

Cheeseburgers have since moved on. The burger’s doneness can be specified to suit a particular taste; toppings now include eggs, mushrooms, chili, avocado, and sauteed onions; and the cheese covers everything from comté to fourme d’Ambert, and camembert to brie.

As part of the four-day cheeseburger journey, chefs including Mohamed Chabchoul from the Grand Millennium Business Bay; Dalia Dogmoch Soubra, renowned chef and blogger; Zahra Abdalla, TV personality and food blogger; and Tiffany Eslick, editor at Spinneys magazine UAE, met with several of New York City’s leading chefs to learn the secrets of how to make the mouth-watering dish, a staple of the New York dining scene.

As part of the program, each chef was given insights into cheese pairing, courtesy of the French Dairy Board, while also being provided with the basics of making the perfect cheeseburger by Chef Stephen Parker at Black Tap Midtown. In addition, award-winning chef Harold Moore from the Charlie Palmer Steak Restaurant advised on creating a gourmet cheeseburger before a culinary tour of the city explained the history and heritage of the burger.

Marie-Laure Martin, international project manager from the French Dairy Board, said: “The cheeseburger is an institution in America — with almost a century of experience creating cheeseburgers, there is no one better to bestow the secrets of how to make it so tasty. As part of this program, we wanted to combine our French cheesemaking expertise with that of American chefs and create the perfect cheeseburger!”

Each of the chefs created their unique cheeseburger recipes, adding a Middle Eastern twist to the original recipes, which will shortly be available in their respective restaurants and blogs for anyone to try.


Dubai Culture partners with LinkedIn for e-learning initiative to support talents

Dubai Culture partners with LinkedIn for e-learning initiative to support talents
Updated 17 January 2022

Dubai Culture partners with LinkedIn for e-learning initiative to support talents

Dubai Culture partners with LinkedIn for e-learning initiative to support talents

Dubai Culture and Arts Authority has once again collaborated with LinkedIn for an e-learning initiative to provide creative talents and entrepreneurs in Dubai with the opportunity to register in an expanded package of free educational courses.

This follows the success of the 2020 edition of the initiative and comes within the framework of the strategic cooperation between Dubai Culture and LinkedIn, the largest professional network in the world, to support members of the creative community in facing the challenges imposed by COVID-19.

Similar to the 2020 edition, the 2022 edition also aims to provide an educational membership opportunity for members of the creative and artistic industries as well as enable them to obtain educational courses and workshops across many fields. Under the agreement, the authority will bear the costs of these courses, making them available for free via the LinkedIn e-learning platform.

Shaima Rashed Al-Suwaidi, director of marketing and corporate communication department at Dubai Culture, affirmed the authority’s commitment to supporting creative talents in Dubai and the UAE via public-private partnerships. “By returning with a new edition of the e-learning initiative, we affirm our commitment to continuously working with our partners and empowering members of the creative community in Dubai and the UAE by investing our capabilities and expertise. Through our strategic cooperation with LinkedIn, we are providing a second opportunity for talents and entrepreneurs to explore educational opportunities and benefit from the training programs offered on the LinkedIn platform,” she said.

Al-Suwaidi stressed that this initiative is in line with Dubai Culture’s efforts to achieve its vision of cementing Dubai’s position as a global center for culture, an incubator for creativity, and a thriving hub for talent.

The courses include digital business transformation, crisis management, business development, legal and financial matters, photography, graphic design, electronic games design, product design, visual arts, films, and fashion, among other fields of creativity and business management.

The first edition of the initiative attracted 2,000 registered users, who spent about 1,482 hours on the platform from June 20 to Nov. 20, 2020.


Kingdom to get region’s first Porsche Design Hotel

Kingdom to get region’s first Porsche Design Hotel
Updated 16 January 2022

Kingdom to get region’s first Porsche Design Hotel

Kingdom to get region’s first Porsche Design Hotel

Saudi Arabia’s Tourism Development Fund has signed a memorandum of understanding with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, to develop and operate Steigenberger Porsche Design Hotels projects in the Kingdom.

The agreement, which was signed in the presence of Ahmed Al-Khatib, minister of tourism and chairman of the board of directors of the Tourism Development Fund, includes the right to exclusively launch the first Steigenberger Porsche Design Hotels project in the Middle East. The MoU was signed by Qusai Al-Fakhri, CEO of TDF, and Marcus Bernhardt, CEO of Deutsche Hospitality.

The luxurious Steigenberger Porsche Design Hotels will feature the distinctive Porsche lifestyle design coupled with Steigenberger hospitality and service quality, offering an innovative hotel concept within the lifestyle segment. With a minimum of 150 rooms, suites, and penthouses, the hotels will include a restaurant and lounge concept, exclusive meet and greet areas, and world-class health and beauty facilities, with a gym and wellness area. Guests will also benefit from an individualized journey at every touchpoint, driven by the hotel’s focus on hyper personalization, innovation, and functional approach.

TDF CEO Al-Fakhri said: “We are pleased to announce the signing of this MoU with Deutsche Hospitality, a company that blends world-class hospitality with elevated standards to attract entities to invest in, develop, and operate high-quality, iconic hotel projects in Saudi Arabia. Through this collaboration, which will result in first of its kind hospitality offerings, we continue to enhance the Kingdom’s tourism offering under the National Tourism Strategy.”

Bernhardt added: “We are pleased to collaborate with TDF to launch new hotel projects in Saudi Arabia, including the first Steigenberger Porsche Design Hotel in the Middle East. The project will cater to the sophisticated needs of the Saudi market, creating a unique and innovative experience within the Kingdom’s luxury lifestyle hotel segment that is sure to offer an incomparable guest experience. A Porsche Design Hotel in Saudi Arabia reflects our commitment to the region and our support for the Kingdom as a leading global tourist destination.”

TDF plays a pivotal role in advancing tourism development in Saudi Arabia by enabling private investors to participate in the sector. It provides support to SMEs and large institutions alike, ranging from planning to providing support from various tourism-related government agencies. The fund offers a variety of tailored solutions that suit the needs of investors, including direct financing, bank guarantees, and co-financing with banks.


Sony exhibits new technologies at CES 2022

Sony exhibits new technologies at CES 2022
Updated 16 January 2022

Sony exhibits new technologies at CES 2022

Sony exhibits new technologies at CES 2022

Sony exhibited at CES 2022 that took place in Las Vegas, Nevada and online from Jan. 5-7.

Sony’s purpose is to “fill the world with emotion, through the power of creativity and technology.” Based on its corporate direction of “getting closer to people,” Sony is working to create new value that inspires people’s emotion, by getting closer to creators and users.

Kenichiro Yoshida, chairman, president and CEO of Sony Group Corporation, spoke at Sony’s press conference held on Jan. 4 ahead of the tech event’s public opening. He said: “Throughout the past two challenging years, we have reaffirmed the importance of our purpose. We want to enable people to connect more deeply with those who share the same interests and form stronger bonds within their communities.” He touched on Sony’s work with artists such as Adele on her new album “30,” and introduced its latest technologies and initiatives to support creators, including “Virtual Production” that removes restrictions on video production, Sony’s professional drone “Airpeak” that supports creativity, and its latest smartphone “Xperia PRO-I.”

Next to take the stage was Tom Rothman, chairman and CEO, Sony Pictures Entertainment Motion Picture Group, to talk about PlayStation Productions, a collaboration between Sony Pictures Entertainment and Sony Interactive Entertainment to produce movies and TV based on PlayStation IP. Tom Holland, who stars in PlayStation Productions’ film adaptation of Uncharted, and Neil Druckmann, co-president of game development studio Naughty Dog, talked about the significance of the collaboration.

Next, Jim Ryan, president and CEO, Sony Interactive Entertainment, announced the next-generation virtual reality system PlayStation VR2 and the new PlayStation VR2 Sense controllers. Furthermore, he announced the latest in the “Horizon” series, “Horizon Call of the Mountain,” which was a huge hit all over the world, as a title exclusively for PlayStation VR2.

Yoshida then took to the stage again, to highlight the tracking technology of Sony Group company Hawk-Eye Innovations, and Sony’s partnership with Manchester City Football Club for the realization of next-generation fan communities in the virtual space.

Yoshida concluded his presentation by speaking on the latest progress and future direction of VISION-S, an initiative that aims to contribute to the evolution of mobility. A prototype (VISION-S 01), which is being tested on public roads, and an SUV-type prototype vehicle (VISION-S 02) as a new form factor, was exhibited at the event.

“Sony is well-positioned as a ‘creative entertainment company’ to redefine mobility,” the chairman said. He announced that Sony will establish an operating company “Sony Mobility Inc.” in the spring of 2022, through which the company intends to explore entry into the EV market.

Sony’s professional drone “Airpeak S1,” for which sales have now started in the US, was also exhibited for the first time.

Airpeak S1 is the world’s smallest drone that can be equipped with a full-size mirrorless Alpha camera. It features a proprietary motor, propeller, control system and sensing technology that enables high agility and dynamic and precise flight.