Author: Mahdeehassan

Manama, Kingdom of Bahrain: Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has recently announced the official launch of sales for its latest residential project, California Residences, located in Dubai, United Arab Emirates, with a total investment value of BD 61.8 million. This was during an official launch ceremony attended by several real estate stakeholders in Dubai. Offering 370 units, the project represents a prominent addition to Dubai’s real estate landscape, blending thoughtful modern design with a calm, family-oriented atmosphere. It offers a fully integrated living environment that caters to daily life requirements, while…

Abu Dhabi – The Abu Dhabi Projects and Infrastructure Centre (ADPIC) today announced the signing of Memoranda of Understanding (MoUs) with nine prestigious academic and professional institutions. These significant partnerships, unveiled during the inaugural Abu Dhabi Infrastructure Summit (ADIS), underscore ADPIC’s commitment to fostering innovation, developing local talent, and enhancing knowledge exchange within Abu Dhabi’s rapidly evolving infrastructure sector. The agreements were signed with United Arab Emirates University (UAEU), Higher Colleges of Technology (HCT), American University of Sharjah (AUS), Sorbonne University Abu Dhabi,, Abu Dhabi University (ADU), Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the Project Management Institute UAE Chapter,…

SBC Summit 2025 introduces a Latin America & Brazil track, further aligning its conference strategy with the global nature of the event, which is set to welcome 30,000 attendees from around the world this September. The track will form part of the Global Markets stage, which was introduced this year alongside the Emerging Markets stage to spotlight some of the industry’s hottest regions as well as those that deserve early attention from industry stakeholders. The decision to include a dedicated track builds on the remarkable 126% surge in Latin American attendance in 2024, reinforcing the event’s position as the go-to destination for professionals seeking to engage with…

Dubai, UAE – Ellington Properties, Dubai’s leading design-led real estate developer, has announced its support for the emirate’s second tokenized property initiative, reinforcing its commitment to innovative real estate solutions. As part of this milestone project, Ellington has contributed a residential unit at Kensington Waters, a premium development located in Mohammed Bin Rashid City, enabling fractional ownership through secure, blockchain-based digital tokenization. The initiative marks a significant step forward in democratizing real estate investment. With investment entry points starting from AED 2,000, tokenized shares of the unit at the Kensington Waters offer broader, more inclusive access to Dubai’s thriving property market. Moreover, each…

FHS Africa, Cape Town – African Hotel Development, the leading African lifestyle hotel group, real estate developer, and owner of the ONOMO brand, has entrusted Aleph Hospitality with the management of 26 ONOMO-branded hotels across 14 African countries. This strategic move is fully in line with African Hotel Development’s business realignment strategy. By appointing Dubai-based Aleph Hospitality as manager of its hotel portfolio, African Hotel Development reaffirms its ambition to sharpen its focus on brand development and asset management, while accelerating the expansion of ONOMO’s footprint, with the objective of doubling the brand’s scale within five years. This transaction represents a…

United Arab Emirates — xAI has selected Oracle to offer xAI’s Grok models via Oracle Cloud Infrastructure (OCI) Generative AI service for a wide range of use cases, including content creation, research, and business process automation. xAI will also leverage the scalability, performance, and cost efficiency of OCI’s leading AI infrastructure to train and run inferencing for its next-generation Grok models. “Grok 3 represents a leap forward in AI capabilities and Oracle’s advanced data platform will accelerate its impact on enterprises,” said Jimmy Ba, co-founder, xAI. “This collaboration between xAI and Oracle is set to redefine enterprise-grade AI.”  Founded in March 2023, xAI is at the…

Cairo: Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt has announced the signing of a cooperation protocol with UiPath, a global leader in intelligent automation solutions, in a strategic step toward digital transformation. The partnership, executed in collaboration with BMB Egypt, a global solutions provider, innovator and advisor working with top rated technology partners to empower businesses and organizations, through the finest quality of custom-made IT solutions, aims to implement UiPath’s platform to accelerate automation, enhance operational efficiency, and elevate the quality of banking services. This collaboration reflects Bank NXT’s commitment to achieving the highest…

Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), together with other members of the United Arab Emirates (UAE) Sustainable Finance Working Group (SFWG), has today launched a public consultation on draft “Principles for Climate Transition Planning” (the Principles). This marks a further step in the SFWG’s ongoing efforts to enhance the UAE’s sustainable finance ecosystem. The draft Principles are designed to help financial institutions develop credible, transparent, and effective climate transition plans. These plans are forward-looking strategies that align an organisation’s objectives, governance, risk management, and operations with their climate goals. The draft Principles cover eight key areas: setting…

Doha, Qatar – Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has been named Qatar’s Best Islamic Bank and Qatar’s Best Digital Bank for SMEs at the Euromoney Awards for Excellence 2025, reaffirming its market leadership and dedication to delivering innovative, Shari’a compliant digital financial solutions. This recognition from Euromoney, one of the world’s most respected financial publications, reflects QIB’s exceptional performance, strong market position, and strategic focus on digital transformation within the framework of Islamic banking principles. QIB’s sustained investment in technology and innovation, combined with its strong financial performance, has solidified its leader position. For the first quarter ended 31 March 2025, QIB…

Arab Bank recently received the “Best Bank in the Middle East 2025” award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. This global recognition was made by the editors of Global Finance after extensive consultations with corporate financial executives, banking consultants, and analysts throughout the world. Global Finance considered several factors when selecting top banks, including asset growth, profitability, geographical coverage, strategic alliances, product innovation, and market expansion endeavors. The evaluation criteria also included the opinions of equity analysts, credit rating analysts, banking consultants, and industry participants. Global Finance Awards cover…