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KONE Appoints Loay Dajani as the New Managing Director for the Middle East, Turkey, and Africa

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KONE (www.KONE.eg), a global leader in the elevator and escalator industry, is thrilled to announce the appointment of Loay Dajani as the Managing Director for KONE Middle East, Turkey, and Africa (KMTA). With over 25 years of extensive experience and a proven track record of success, Dajani joins KONE from ABB, a pioneering technology leader in electrification and automation, where he spent 18 years in various leadership roles.

Dajani brings a wealth of knowledge and expertise to KONE, having held numerous senior positions throughout his career. His leadership is expected to further elevate KONE’s operations and enhance its market presence in the Middle East, Turkey, and Africa region.

“We are delighted to welcome Loay Dajani as the new Managing Director for KONE Middle East, Turkey, and Africa. Loay is a highly esteemed addition to KONE, and his appointment signals our continued commitment to being the premier partner for our customers in the region,” said Samer Halabi Executive Vice President, Asia-Pacific, Middle East and Africa -KONE Corporation.  “The Middle East, Turkey, and Africa are critically important regions for KONE, and we are confident that under Loay’s leadership, we will continue to drive growth and deliver exceptional value to our customers in these dynamic markets.”

“I am honored to join KONE and lead our efforts in the Middle East, Turkey, and Africa,” said Loay Dajani. “Under my leadership, safety remains our utmost priority for our employees, partners, and users. Our aim is clear: we strive to be the number one partner for our customers in every market we operate. This commitment reflects our dedication to delivering exceptional value and service, ensuring that we meet and exceed the expectations of our clients while upholding the highest safety standards. Moreover, we are committed to advancing sustainability and driving modernization efforts across our solutions, aiming to enhance the efficiency and environmental performance of urban infrastructure.”

Dajani expressed his enthusiasm for his new role stating, “I am energized by the values that define KONE: dedication to exceptional service, collaboration, and a positive mindset. Our focus remains steadfast on serving our customers better, building on our successes, and effectively communicating every step of the way. Together, we’re ready to take experiences to new heights.”

Under Dajani’s leadership, KONE is well-positioned to guide its operations in the Middle East, Turkey, and Africa towards continued growth and success. One of Dajani’s primary strategic objectives is to make KONE a great place to work, focusing on attracting top talent and promoting diversity and inclusion within the company.

KONE is confident that Dajani’s appointment will usher in a new era of growth and innovation for the company in the Middle East, Turkey, and Africa. With his strong leadership skills and commitment to excellence, KONE is poised to continue delivering exceptional solutions and services to its customers across the region.

Distributed by APO Group on behalf of KONE.

About KONE:
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people’s journeys safe, convenient and reliable, in taller, smarter buildings. In 2022, KONE had annual sales of EUR 10.9 billion, and at the end of the year over 63,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

Highlighting the increase in weather-related natural disasters in Africa 

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The African Risk Capacity (ARC) has published a white paper examining the state of natural disasters in Africa. The paper titled “The State of Natural Disasters in Africa”, sheds light on a growing concern: the increased frequency of weather-related natural disasters and their devastating economic impact on the continent. Over the last decade, the frequency of disasters has steadily increased, rising from 32 incidents in 2014 to 56 occurrences in 2023, mainly due to floods, in 29 African countries where data is available. It is estimated that African governments spent $2.2 billion managing weather-related natural disasters in 2023, with approximately 25% attributable to Libya, which accounts for over 0.5% of Libya’s GDP.

Climate change underlies the more frequent and severe weather events like droughts and floods, causing significant loss of life, destruction of livelihoods, and displacement of communities. Analysing the economic burden of weather disasters on African nations, the paper provides insights into the cost of disaster risk management, explores the current trajectory of weather events, and proposes response mechanisms for effective disaster management.

EIB projects drive major net emissions reductions, annual Sustainability Report shows

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The European Investment Bank (EIB) today released its 2023 Sustainability Report, the results of which showcase its achievements in the areas of climate action and environmental sustainability. The report underscores the commitment of the European Investment Bank Group, which consists of the European Investment Bank and the European Investment Fund, to promoting sustainable development and inclusive growth through strategic investments and innovative projects in Europe and globally.

EIB-financed projects included our 2023 reporting will mitigate the emission of 5.2 million tonnes of carbon equivalent which corresponds to the annual carbon footprint of some 520,000 European households demonstrating the environmental benefits resulting from the Bank’s financing activities.

The EIB committed a record €2.7 billion in new financing for climate adaptation projects in 2023, more than doubling the 2021 figures. These investments are crucial for building resilience against the impact of climate change and align with the goal of dedicating 15% of the EIB’s climate action financing to adaptation projects by 2025.

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UNESCO calls on countries to invest far more in physical education
 
A new UNESCO report shows that the majority of the world’s schoolchildren still do not have access to the minimum required physical education. On Wednesday, Audrey Azoulay invited sports ministers, athletes and educators to UNESCO’s headquarters to work towards increasing investment in this area. The outcome of these discussions will feed into the Summit of Heads of State and Government organized by France and the International Olympic Committee (IOC) on Thursday.   Two-thirds of secondary school pupils and more than half of primary school pupils worldwide do not get taught the minimum weekly amount of physical education, according to the first-ever Global Status Report on Quality Physical Education published on Wednesday by UNESCO. In addition, two-thirds of pupils with disabilities are deprived of any physical education. Physical education is a worthwhile investment: it not only improves pupils’ health, but also their academic performance and personal development. Yet it is still often treated as a lesser subject. UNESCO is calling on its 194 Member States to make it a priority subject and to allocate the necessary time, human resources and budget to it’, said Audrey Azoulay, Director-General of UNESCO.