Aramco, Honeywell, and KAUST have signed a Joint Development Agreement (JDA) to co-develop a next-generation direct Crude-to-Chemicals (CTC) technology. The collaboration aims to develop and scale up the full CTC process, reducing capital and operating costs. The new CTC pathway is designed to convert crude oil directly into light olefins and other high-demand chemicals. Why it matters: This partnership signifies a major push for Saudi Arabia to lead in downstream innovation, aligning with Vision 2030 to diversify the economy and strengthen its position in the petrochemicals industry.
KAUST and Aramco have developed a one-step crude-to-chemicals (C2C) technology that converts crude oil to light olefins in a single-reactor system. The technology, published in Nature Catalysis, aims to maximize the production of materials used in daily life over fuels. Aramco is pursuing growth opportunities in petrochemicals using the C2C method. Why it matters: The C2C breakthrough aligns with Saudi Vision 2030 and could reduce the carbon footprint associated with oil use, creating jobs and supporting a thriving economy.
KAUST, Saudi Aramco, and the Ministry of Energy convened the Crude Oil to Chemicals Innovative Technologies Conference on October 23-25. The conference focused on catalysts, process optimization, and fundamental approaches for oil-to-chemicals conversion. KAUST also signed an MOU with Saudi Aramco, the Ministry of Energy, and the Oil Sustainability Program to develop relevant technologies. Why it matters: This initiative signals a move towards more sustainable hydrocarbon use and the development of advanced materials in the Kingdom.
Naheed.pk, a Pakistani online retailer, has expanded its services to over 30 cities, offering same-day delivery in Karachi, Lahore, and Islamabad. The company has seen 100% year-on-year growth and aims to capture 5% of Pakistan's retail market share. Naheed.pk focuses on providing genuine products and a trustworthy shopping experience to compete with brick-and-mortar stores. Why it matters: The growth of e-commerce platforms like Naheed.pk signals a shift in consumer behavior in Pakistan and the increasing importance of online retail in the region's economy.
UAE-based Red Rock Technology is investing $10 million to develop an AI system aimed at enhancing global food security. The 'Brain' AI will analyze data from various sources, including satellites, sensors, and market data, to provide insights into crop yields, weather patterns, and supply chain logistics. The system aims to optimize agricultural practices and resource allocation. Why it matters: The investment highlights the UAE's growing interest in leveraging AI to address critical global challenges and strengthen its position in the agritech sector.
Associate Professor Anamaria Costache from the Norwegian University of Science and Technology (NTNU) will present a seminar on Fully Homomorphic Encryption (FHE). The talk will cover recent advancements in FHE, its mathematical foundations, and implementation results. It will also address remaining challenges in the field. Why it matters: FHE's growing importance is driven by Machine Learning as a Service and the increasing value of secure computation, though the seminar itself has no direct connection to the Middle East.
The Technology Innovation Institute's Cryptography Research Center (CRC) in Abu Dhabi has appointed a Board of Advisors comprised of global cryptography experts. The board includes Prof. Joan Daemen, Prof. Lejla Batina, Dr. Guido Bertoni, Prof. Carlos Aguilar, Prof. Damien Stehlé, and Prof. Tim Güneysu. The advisors will guide CRC's research efforts in areas like post-quantum cryptography and hardware-based cryptography. Why it matters: This move strengthens the UAE's position as a global hub for cryptography research and development, fostering innovation in this critical field.