Sustainability at the forefront of digital transformation

Sustainability at the forefront of digital transformation

Sustainability at the forefront of digital transformation
To successfully leverage AI, companies need to ensure that sustainability remains at the forefront of decision making.
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As organizations worldwide invest in increasingly diverse applications of AI, from portfolio optimization to supply-chain management and executive decision-making support, there is little doubt that AI is here to stay and adoption will only grow.

Estimates from International Data Corporation, a market intelligence business, suggest that in 2023, enterprises worldwide spent $166 billion on AI solutions — software, hardware and services. This figure is expected to grow by 27 percent per year to reach $423 billion by 2027.

According to a recent report by PwC, the generative AI market in the Gulf region alone could be worth up to $24 billion by 2030. Various states in the region have made major investments in AI, committing significant resources.

Saudi Arabia has established the Saudi Authority for Data and Artificial Intelligence, the UAE has a minister of state for artificial intelligence at the nation’s AI Office and Qatar launched its Artificial Intelligence Committee in 2019.

Overall, PwC predicts the Middle East will accrue 2 percent of the total global benefits from AI by 2030, worth about $320 billion.

However, new data centers and digital infrastructure will be required to support the unique technical requirements of this expansion — built at scale quickly, efficiently and with resiliency. In the process, these developments will create sustainability challenges.

Schneider Electric, which specializes in digital automation and energy management, has found that AI workloads present specific demands and disruption challenges that many data center owners and operators might not be prepared for.

If businesses with IT portfolios that include data center facilities are unable to cope with the demands created by AI, they risk missing out on business opportunities and potentially jeopardizing their sustainability goals.

One hyperscale operator reportedly experienced a 48 percent increase in emissions in the space of five years as a result of the AI data center boom.

If companies are to successfully leverage AI, it is important to ensure sustainability remains at the forefront of decision making by allowing those who are developing or transforming existing facilities, or designing new ones, to do so confidently to keep pace with market growth.

Schneider Electric is one of the companies that provides resources designed to empower chief information officers and IT executives and help them achieve their requirements.

We have established a partnership with Nvidia that brings together a wealth of cutting-edge expertise in the field of AI to build on our existing research and ensure not only that data centers can accommodate AI, but that they are also optimized for it.

We see a future in which AI is deployed in combination with edge computing to provide the power of the technology closer to where the data is generated and services consumed. The benefits of this include low latency for the utilization of real-time data and emerging technology devices.

It is expected AI will also play a crucial role in sustainability efforts more generally. With emissions targets and deadlines looming, businesses will increasingly seek to better measure, manage and reduce their emissions, and the specific capabilities of AI to capture, analyze and distill large volumes of data into actionable insights will be invaluable.

The effects of AI are already being felt and experienced all around us. It is yet another tool that has been added to the business toolbox to help us tackle the challenges and opportunities created by digital transformation and the increasing digitalization of society and the economy.

Businesses such as Schneider Electric are working hard to make it more understandable, accessible and available to organizations through research, resources and partnerships, so that we can all engage with AI confidently, securely and sustainably.

Natalya Makarochkina is senior vice president of the secure power division of international operations at Schneider Electric

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

PM Sharif urges Bahrain to increase trade volume with Pakistan

PM Sharif urges Bahrain to increase trade volume with Pakistan
Updated 38 sec ago
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PM Sharif urges Bahrain to increase trade volume with Pakistan

PM Sharif urges Bahrain to increase trade volume with Pakistan
  • The prime minister meets 11-member Bahraini parliamentary delegation
  • Trade between both countries has ranged between $500 million to $1 billion

ISLAMABAD: Prime Minister Shehbaz Sharif has invited Bahraini nationals to invest in Pakistan, his office said on Wednesday, urging increased trade between the two countries as Islamabad aims to strengthen economic ties and attract foreign investors, particularly in the Gulf region.
After narrowly avoiding a sovereign default in 2023 and securing a last-minute International Monetary Fund (IMF) bailout, Pakistan is strengthening business and investment ties with regional allies, including China and Central Asian states, to overcome the impact of a prolonged macroeconomic crisis.
Sharif met with an 11-member Bahraini parliamentary delegation, led by Bahrain’s Council of Representatives Speaker Ahmed bin Salman Al-Musalam, to discuss ties between the two countries.
“The prime minister invited Bahraini investors to invest in Pakistan,” the PM Office said in a statement. “The PM urged efforts to increase the current trade volume between Pakistan and Bahrain.”
According to the foreign office, Pakistan’s trade with Bahrain ranges between $500 million and $1 billion. Major exports include meat, vegetables, rice, tobacco and textiles. Imports from Bahrain include petroleum and its products, ferrous waste, scrap and aluminum.
Sharif called for strengthening people-to-people connections to further enhance ties between both countries, the statement continued, adding he also highlighted the “valuable services” provided by Pakistani nationals in Bahrain.
He urged Bahrain and other Muslim states to increase their support for the residents of Gaza, apart from extending his wishes to Bahraini King Hamad bin Isa bin Salman Al Khalifa.
Earlier this month, Finance Minister Muhammad Aurangzeb said Pakistan saw huge potential in the Gulf Cooperation Council (GCC) market, comprising Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait and Oman.
Pakistan has intensified its outreach to international partners and allies in recent months as it navigates a fragile economic recovery, backed by a $7 billion IMF facility granted last September.


Marrakech museum reopens with homage to African art

Marrakech museum reopens with homage to African art
Updated 21 min 50 sec ago
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Marrakech museum reopens with homage to African art

Marrakech museum reopens with homage to African art
  • Morocco’s largest private art museum returning to educational ‘core,’ says co-founder Othman Lazraq

DUBAI: The Museum of African Contemporary Art Al-Maaden, which reopened last week, is returning to its “core” of showcasing the continent’s artists, in addition to breathing a “new and different life” into it, says co-founder Othman Lazraq.

MACAAL was inaugurated in 2018 as the first museum of contemporary art in Marrakech, by founders Othman and his father Alami.

MACAAL (artwork: Fatiha Zemmouri, La pesanteur et la grâce, 2019) By Omar Tajmouati.

It houses the extensive collection of the Lazraq family, one of the most comprehensive private holdings of modern and contemporary African art on the continent.

Originally designed by French architect Didier Lefort, it had been closed since the spring of 2023. The closure took place just a few months before the night of Sept. 8, 2023, when a powerful 6.8-magnitude earthquake struck south of Marrakech.

This was the strongest earthquake to hit the country in over a century, severely damaging dozens of buildings in the city — many of which are still being reconstructed.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by MACAAL (@macaal_)

The revamped museum celebrated its reopening with the new permanent exhibition “Seven Contours, One Collection,” featuring over 150 rotating works from most of Africa’s 54 nations.

The aim is to showcase the breadth and diversity of art from the continent, while breaking down reductive stereotypes and fostering inclusivity.

“We realized we needed a big shift, and that big shift was getting back to the core of what the museum means to us which is more educational,” Lazraq, a practicing architect and associate of Lazraq Studio, told Arab News.

“African art is part of the identity of the collection, and we wanted to share it more broadly.”

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by MACAAL (@macaal_)

The museum will now offer a semi-permanent exhibition format, hosting 150 on rotation from the 2,500-piece collection.

The show marking the reopening presents a poignantly curated presentation of works in a variety of mediums, including photography, painting, textiles, video art, sculpture and installations.

Notable pieces include works by the late Moroccan painter Mohamed Melehi, Moroccan modernist Farid Belkahia, Malian photographer Malick Sidibe, Congolese artist Pierre Bodo, Sudanese painter Salah Elmur, and the late French-Moroccan photographer Leila Alaoui.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by MACAAL (@macaal_)

For the redesign of the museum, MACAAL entrusted scenographer Franck Houndegla to create a new media library and a permanent space to allow for an expansive collection of African art from the Lazraq family collection. The museum has also launched a new program of site-specific sculpture commissions.

“I want to bring a new and different life to the museum,” said Lazraq, noting how he hopes to bring in music, performance and design to the temporary spaces.

“The mission of (the museum) has always been to democratize access to art to a wider audience.

“Its most important mission is to inspire a generation of artists to feel safe and welcome — where they know there is a museum where their works can be exhibited and collected.”


Brazil adheres to OPEC+ cooperation letter; no output caps

Brazil adheres to OPEC+ cooperation letter; no output caps
Updated 27 min 3 sec ago
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Brazil adheres to OPEC+ cooperation letter; no output caps

Brazil adheres to OPEC+ cooperation letter; no output caps

SAO PAULO: Brazil has decided to adhere to the declaration of cooperation of the OPEC+ group of oil-producing countries, the local energy ministry said on Tuesday, formalizing a move it had initially announced in 2023.

Brazil is the largest oil producer in South America. Its output hit 4.32 million barrels of oil equivalent per day in 2024, according to the country’s oil regulator.

It will join nations such as Saudi Arabia and Russia in the group’s declaration, but is not expected to take part in its coordinated output caps.

The move shows Brazil’s “growing relevance in the oil and gas market,” the mines and energy ministry said in a statement, adding, however, that the country would “continue to develop its energy policy in line with its own interests.”

“It is important to highlight that the declaration does not include the participation of countries in decisions aimed at cutting oil production,” the ministry said.

Brazil first said it was going to join the OPEC+ cooperation in late 2023, but President Luiz Inacio Lula da Silva reiterated at the time the country had no intention to be a full member, instead acting as an “observer.”

The country on Tuesday has also decided to become a member of the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA), the government said.


Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait
Updated 37 min 17 sec ago
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Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in Bahrain and Kuwait.

The company has secured holdings in four companies after buying the shares held by the regional subsidiary of French utility developer Engie.

The deal includes a 45 percent interest in both the Al-Ezzel and Al-Dur projects as well as a 30 percent holding in the Al-Hidd facility, all situated in Bahrain. 

It also sees ACWA Power acquire an 18 percent stake in Az Zour North in Kuwait.

The move falls in line with ACWA Power’s strategy to be at the forefront of the energy transition by delivering reliable and responsible power, desalinated water, and green hydrogen at low cost in Saudi Arabia and the wider Gulf Cooperation Council and attractive high-growth markets based on a de-risked and contracted business model.

“This acquisition represents a pivotal milestone for ACWA Power, reinforcing our position as global leader in water desalination. We consolidate our presence in Bahrain where we are already a reliable supplier of power and water, and we enter Kuwait, where we recently submitted a bid for a large power and desalination plant,” CEO of ACWA Power Marco Arcelli said. 

“Reinforcing our presence in each country will allow us to further develop our people there and localize our operations more, providing safe and reliable supplies to the local communities and industries,” he added.

ACWA Power will also acquire a portfolio of companies responsible for the operation and maintenance of the four assets, specifically Az Zour North O&M Co., with a 50 percent stake and complete ownership of Al-Ezzel O&M Co.

The deals cover operating capacities of 4.61 gigawatts of gas-fired power generation and 1.11 million cubic meters per day of water desalination facilities, as well as the related operations and maintenance companies in the two countries, according to a statement.

Chief Investment and Development Officer of ACWA Power Thomas Brostrom said: “By making its inaugural entry into the Kuwaiti market through the acquisition of a stake in the Az-Zour North Facility, ACWA Power has achieved a significant milestone in its strategic efforts to expand its presence within the regional energy and water desalination sector.”

The secured contracted revenue streams from the acquired assets align well with the firm’s broader strategy of tripling its assets under management to $250 billion by 2030.


Baghdad-Beirut flights sell out ahead of Nasrallah funeral

Baghdad-Beirut flights sell out ahead of Nasrallah funeral
Updated 36 min 53 sec ago
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Baghdad-Beirut flights sell out ahead of Nasrallah funeral

Baghdad-Beirut flights sell out ahead of Nasrallah funeral
  • Beirut airport will close for four hours during the funeral

BAGHDAD: Flights from Baghdad to Beirut are nearly at capacity as airlines increase services ahead of Hezbollah leader Hassan Nasrallah’s funeral, officials said.
The pro-Iran group has called for a huge turnout when Nasrallah, killed in a September Israeli strike, is laid to rest in the Lebanese capital on Sunday.
“Iraqi Airways will increase its flights to Beirut from one flight a day to two, starting on February 20,” said transport ministry spokesperson Maytham Al-Safi, citing heightened demand ahead of the funeral.
An Iraqi airline official told AFP that “all seats on Iraqi Airlines flights from Baghdad to Beirut are booked.”
A source from Lebanon’s Middle East Airlines (MEA) reported increased flights between Baghdad and Beirut from Friday to Tuesday.
The airlines’ websites show that Iraqi Airways flights are fully booked until Sunday, with MEA nearly sold out.
Iraqi lawmakers and officials are expected to attend Nasrallah’s funeral privately, an Iraqi official said.
Representatives from pro-Iran Iraqi factions, Hezbollah’s longstanding allies in the Tehran-led “axis of resistance,” are also expected to participate.
Beirut airport will close for four hours during the funeral.
Hezbollah has said 79 countries would be involved in the commemoration, either officially or through “popular” support.
Sunday’s funeral will also honor Hashem Safieddine, a senior Hezbollah figure who had been chosen to succeed Nasrallah, before he was killed in an Israeli strike in October.
After decades at the helm of the group once seen as invincible, the killing of the charismatic Nasrallah sent shock waves across Lebanon and the wider region.
Since Nasrallah’s death, portraits of him, either alone or alongside other slain pro-Iran commanders, have been displayed throughout Baghdad and other areas of the Shiite-majority country.
On Sunday afternoon, thousands are expected to attend a “symbolic” procession for Nasrallah in Baghdad’s northwestern neighborhood of Kadhimiya, which is home to a Shiite shrine.