logo
Du becomes UAE's first telco with ISO 20400 for sustainable procurement

Du becomes UAE's first telco with ISO 20400 for sustainable procurement

Broadcast Pro7 days ago
The certification underscores du's dedication to sustainable procurement, supporting the UAE's sustainability agenda and global efforts toward responsible sourcing.
Du has become the first telecom operator in the UAE, and the second in the GCC, to be awarded the ISO 20400 Sustainable Procurement certification. The international standard represents excellence in sustainable procurement processes, spotlighting organisations that holistically incorporate environmental, social and economic factors into their supply chain and decision-making frameworks.
du's achievement reflects the company's steps to systematise sustainable practices throughout its procurement and supplier relations in line with the UAE's ambitious Net Zero by 2050 initiative and the national focus on sustainability. With industry-leading practices, du aligns its procurement strategy with the United Nations Sustainable Development Goals, deploying state-of-the-art tools for supplier assessment and engendering continuous advancement in vendor sustainability performance.
Adel AlRais, Head of Corporate Communication & Protocol at du, said: 'Achieving the ISO 20400 certification is a milestone in our journey for excellence in sustainability and our commitment to responsible operations that extend through our entire value chain. This accomplishment aligns impeccably with current market trends, integrating seamlessly with our broader goals and the UAE’s national vision. We will continue to embed sustainability not just in operational endeavours but deep into du's comprehensive supply chain.'
For customers, the certification reinforces the assurance that they are backed by a provider whose services are meticulously vetted for ethical and sustainable provenance. Suppliers receive clear directives and resources to elevate their sustainability standards in collaboration with du. Moreover, investors gain confidence in du's expertise at navigating ESG risks, which primes the company for sustainable value creation over the long term. Key to this achievement are du's strategic partners, including CRIF AG, Dubatt and Aramex PJSC, who each played a vital role in shaping a robust and responsible supply chain reflective of du's commitment to sustainability.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease
Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease

Web Release

time6 hours ago

  • Web Release

Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease

Tamimi Markets, one of the most prominent and trusted names in Saudi Arabia's retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets' distribution centers in Jeddah and Dammam. The solar project has a combined capacity of 900 kilowatts-peak (kWp), with 465 kWp allocated to the Jeddah fulfillment center and 435 kWp to two facilities in Dammam. Over 1,500 high-efficiency bifacial solar panels will be installed across approximately 7,200 square meters of rooftop space. The solar power plants are expected to generate 1.5 million kilowatt-hours of clean energy in their first year of operation, equivalent to reducing carbon emissions by 586 metric tons. This initiative directly supports Saudi Arabia's Net Zero by 2060 commitment and aligns with the broader goals of Vision 2030. Bobby Rajendran, CEO of Tamimi Markets, commented: 'Sustainability is embedded in Tamimi Markets' DNA, and today we are walking the talk on sustainability by signing this solar lease with Yellow Door Energy. Together with our solar partner, we will decarbonize our operations, enhance business resilience and support Saudi Arabia's Net Zero by 2060 objective. Our shoppers, employees, and wider network can be proud of the fact that Tamimi Markets, the preferred grocery destination for Saudis, is leading the sustainability journey.' Hisham Alhegelan, CEO Middle East at Yellow Door Energy, shared: 'We are honored to partner with Tamimi Markets on this important solar project. Through the solar lease, significant cost savings and carbon emission reduction will be realized. The Kingdom of Saudi Arabia continues to lead the region in its sustainability stewardship, and this important solar project demonstrates this leadership.' Khaled Chebaro, Country Director for KSA at Yellow Door Energy, added: 'We are delighted to support Tamimi Markets and contribute to Saudi Vision 2030. Yellow Door Energy continues to rapidly expand its project portfolio in the Kingdom, helping businesses reduce energy costs and lower carbon emissions. To-date, we have signed five solar leases in Saudi Arabia and look forward to contributing to the Kingdom's Net Zero by 2060 Target.' Construction is already underway, and the project is expected to be completed by the end of 2025. Under the solar lease agreement, Yellow Door Energy is responsible for financing, designing, constructing, commissioning, operating, and maintaining the solar power plants while Tamimi Supermarkets remains focused on providing the best retail experience for its shoppers. The solar lease model enables Tamimi Supermarkets to enjoy the benefits of clean energy without operational risk, allowing the company to focus on its core business while advancing its sustainability objectives.

ADX signs MoU with Budapest Stock Exchange for strategic partnership and collaboration
ADX signs MoU with Budapest Stock Exchange for strategic partnership and collaboration

Khaleej Times

time16 hours ago

  • Khaleej Times

ADX signs MoU with Budapest Stock Exchange for strategic partnership and collaboration

The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE), the second-largest exchange in Central and Eastern Europe, signed a Memorandum of Understanding (MOU) to collaborate on a number of key initiatives. The MoU sets out to deepen relations between the two countries' capital markets and share best practices. The agreement also marks another important step in the BSE's efforts to build international relations, including in the Middle East. The development dovetails well with ADX's ongoing efforts and initiatives to strengthen relationships with leading global financial institutions. Within the framework of the agreement, the two parties will seek, among other things, to promote the visibility of the Hungarian and UAE capital markets by organizing joint events such as investor roadshows, seminars and educational programmes. The parties are also exploring the possibility of cooperation in the development and promotion of ETF products in order to provide investors in both markets with more diversified and modern instruments. The BSE and ADX will also analyze the possibilities of dual listings and cross-border trading. The two exchanges are also planning closer professional cooperation in the field of ESG. A key part of the agreement is the sharing and exchange of best practices, including on market developments, regulatory practices, product development and IT capacity building. The two parties will explore and evaluate appropriate pathways for the BSE to become part of the Tabadul Hub, a pioneering platform launched by ADX in 2022. As the region's first digital exchange based on a mutual market access model, Tabadul facilitates seamless cross-border trading by connecting exchanges through a digital network and enabling brokerage firms to provide remote access to international markets. Abdulla Salem Alnuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX), said: 'This collaboration with the Budapest Stock Exchange marks a key milestone in ADX's global integration journey, establishing a strong foundation for enhanced cooperation and innovation. Together, we aim to develop new financial products, including ETFs, indices, and other investment vehicles, to serve both local and international investors. The partnership also explores opportunities for cross-listings between the two markets, while the Tabadul Hub will further enhance digital connectivity and remote market access. This strategic alliance reinforces Abu Dhabi's position as a dynamic and globally connected financial center committed to sustainable growth and shared prosperity.' Tibor Tóth, CEO of the Budapest Stock Exchange, emphasized that the partnership not only strengthens the relationship between the two exchanges but also opens new opportunities for Hungarian and Emirati investors. 'We are confident that these new initiatives will make our markets even more attractive to both domestic and international investors. Tabadul is a unique platform and initiative providing exciting opportunities for BSE' This strategic collaboration is set to provide a robust platform for financial growth and connectivity between the UAE and Hungary, reflecting ADX's and BSE's commitment to global economic progress.

UAE real estate outperforms global markets in H1 2025: Report
UAE real estate outperforms global markets in H1 2025: Report

Arabian Business

time2 days ago

  • Arabian Business

UAE real estate outperforms global markets in H1 2025: Report

The UAE real estate market continued to outperform global benchmarks in the first half of 2025, delivering returns across core sectors despite tighter global conditions, a new report finds. Cushman & Wakefield Core's mid-year commentary noted that scarcity remains a defining feature of the market, although capital deployment has become more selective across maturing asset classes. PP Varghese, Head of Professional Services at Cushman & Wakefield Core, said: 'Institutional capital still sees the UAE as one of the few global markets offering yield, visibility, and long-term upside – but underwriting assumptions are shifting. Scarcity remains, but pricing power now belongs to assets with the right ESG profile, location and covenant strength.' Office occupancy in UAE nears capacity as rents continue to rise In Dubai, citywide office occupancy reached 92 per cent, with Grade A assets at 95 per cent. Average rents rose 22 per cent year-on-year to AED 190 per sqft, with the Dubai International Financial Centre (DIFC) seeing the highest premiums. New supply for 2025 is limited to 0.89 million sq ft, while 6.4 million sq ft is expected from 2026 onwards. Many of these future developments are already seeing strong pre-leasing interest. In Abu Dhabi, Grade A occupancy stood at 97 per cent and overall occupancy at 90 per cent. Asking rents rose 11 per cent year-on-year to AED 160 per sq ft. Over 830,000 sq ft of new office supply is expected in the second half of 2025, mainly in Masdar City and The Link, with most of this space already pre-committed. UAE residential market sees divergence between Dubai, Abu Dhabi in H1 2025 Dubai's residential sector showed signs of moderation. In Q2 2025, average sales prices reached AED 1,822 per sq ft, marking a 14 per cent year-on-year increase. Rental growth slowed to 7 per cent. Nearly 43,000 new units are expected in 2025, the highest total since 2019. Mid-market apartment demand has softened, while villa communities have remained stable. In Abu Dhabi, residential sales prices rose 18 per cent year-on-year, with Saadiyat Island increasing 30 per cent to AED 4,172 per sq ft. Rental growth stood at 27 per cent, with strength across apartment segments. More than 3,600 units are expected to be handed over on Yas Island in 2025, supported by pre-sales and structural demand. Retail rents rise as UAE landlords focus on tenant strategy, localisation Retail occupancy across the UAE exceeded 95 per cent. Rents at super-regional malls in Dubai, such as The Dubai Mall and Mall of the Emirates, increased 12–15 per cent year-on-year. Landlords are shifting focus from pure occupancy towards destination curation, with a preference for homegrown food and beverage anchors and international brands that adapt to local markets. Retail strategies are becoming catchment-specific, with different approaches applied to Emirati communities compared to expat-driven areas. Community retail hubs and hybrid lease models are gaining relevance, in alignment with the Urban Master Plan 2040 and evolving consumer behaviour. Industrial real estate in UAE faces supply constraints, ESG demands Sustained demand and limited supply have driven up industrial rents. Vacancy for Grade A warehouses remains low, with high demand from the e-commerce, manufacturing, and chemical sectors. ESG-compliant and climate-adaptive infrastructure are commanding pricing premiums. The UAE's infrastructure, multimodal logistics access, energy costs and workforce capacity continue to attract occupiers, despite the upward trend in rental rates. Abu Dhabi and Dubai also ranked first and second globally among emerging data centre markets. Over 750 MW of capacity is under development, with the UAE's data centre market projected to reach a value of $3.3 billion by 2030. Land availability, cost-effective power, and sovereign-aligned infrastructure are supporting growth and attracting institutional investment. Dubai hospitality sees 8.68 million visitors in five months, up 7% Year-on-Year Dubai hosted 8.68 million visitors between January and May 2025, up 7 per cent year-on-year. Full-year visitation is forecast to reach 20.8 million, a 21 per cent increase compared to 2024. Citywide occupancy stands at 83 per cent, with an average daily rate (ADR) of AED 620 and revenue per available room (RevPAR) up 7 per cent. Abu Dhabi recorded 1.52 million occupied guest nights, with occupancy at 87 per cent and ADR at AED 614. Domestic travellers accounted for nearly 20 per cent of demand, supported by new cultural and cruise-related infrastructure. In Dubai, 78 per cent of visitors originated from the CIS, GCC, MENA, Western Europe and South Asia. Both emirates are experiencing longer guest stays and shifts in global leisure and business travel patterns. 'From tourism infrastructure to industrial zones, the UAE is showing that growth and resilience are increasingly tied to planning, execution, and tenant alignment. The market has matured, and that means performance will come down to asset-level detail,' Varghese added. The second half of 2025 will test the market's response to deeper segmentation, with 43,000 residential units scheduled for delivery, 6.4 million sq ft of upcoming office space, and continued expansion in the data centre sector. Capital remains active, but performance will depend on asset-level discipline.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store