Monthly Archives: November 2023

Education

Midas and CS Institute of Management

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Midas and CS Institute of Management: A Dubai institute teaching next-level entrepreneurship to business scions

Dubai, 13th November 2023: Those wanting a traditional global MBA programs to support their family business growth or boost entrepreneurial aspirations rather than be directed towards the job market now have an option thanks to a brand new institute in Dubai.



Midas and CS Institute of Management is all set to offer a first of its kind curriculum titled ‘Entrepreneurship and Enterprise Management’ catering to this specific niche. Crafted for the scions of business families, this new program will offer the knowledge, skills, and exposure to take family businesses to their next level or launch independent ventures on a global stage. Brainchild of Chandrasekhar Singh and Pooja Shah, the co-founders of this institute, this course has accomplished business coaches, global faculty from leading business schools and cutting-edge topics imparting knowledge and expertise on how to take one’s business global.

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Technologies

Nothing Achieves Two Million Units Shipped

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Nothing Achieves Two Million Units Shipped

Nothing celebrates its 3rd brand anniversary just as the company crosses the two million products threshold

Dubai, UAE, 13 November 2023 – London-based consumer technology brand Nothing is proud to announce its latest company milestone of 2 million units shipped across its range of devices. A goal achieved in just under three years since the company’s inception with product movement doubling over a one year period from 2022 to 2023.

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Real Estate

RDC collaborates with DIB to maximise societal impact of Zakat funds

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RDC collaborates with DIB to maximise societal impact of Zakat funds

  • The collaboration involves charitable and humanitarian efforts to ensure the smooth delivery of aid to beneficiaries

Dubai, United Arab Emirates, 12 November 2023:The Rental Disputes Centrer (RDC), the judicial arm of Dubai Land Department (DLD), and Dubai Islamic Bank (DIB) signed a memorandum of understanding, whereby DIB will offer financial support from its Zakat funds to the RDC, fostering innovation and development in community work.

Under the terms of the agreement, DIB will extend financial support to the RDC for asset-based distribution to eligible individuals. Furthermore, the bank will provide technical assistance, empowering the centre to execute programmes and projects stemming from this partnership.

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Business & Investments

‘Global Payments Report 2023’ from BCG

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UAE Payments Revenue Pool Projected to hit $19.8 Billion by 2027, Despite a Global Slowdown in Growth Rates Compared to Previous Years

  • Global payment revenues are projected to grow by $2.2 Trillion by 2027 at a CAGR of 6.2%.
  • The total payments revenue for the UAE payments industry grew at an annual rate of 9.7%, reaching $12.8 Billion by the end of 2022.

Dubai, UAE 13 November 2023: Amid global challenges such as the pandemic and economic fluctuations, the UAE payments industry has demonstrated resilience. Between 2018 and 2022, the total revenue for the UAE payments industry grew at a Compound Annual Growth Rate (CAGR) of 9.7%, reaching a revenue pool of $12.8 Billion by the end of 2022. In contrast, the global payments industry registered an annual growth rate of 8.3% to reach $1.6 Trillion by the end of 2022. According to the latest report from Boston Consulting Group (BCG), titled ‘Global Payments Report 2023’, slower growth is on the horizon globally.

BCG’s in-depth analysis of the UAE payments sector expects that the overall revenue growth will increase in the next 5 years (2023-2027) to a CAGR of 3.6% pushing the revenue pool to $19.8 Billion. In comparison, the global payment revenues are projected to grow by $2.2 Trillion by 2027 at a CAGR of 6.2%.  The report provides an in-depth market analysis, exploring challenges and opportunities for acquirers, issuers, and other key players in the UAE payments ecosystem.

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Business & Investments

Thales’ AVANT Up selected for Emirates’777X aircraft

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Thales’ AVANT Up selected for Emirates’777X aircraft

  • Emirates will equip its Boeing 777Xaircraft withThales’AVANT UpIn-Flight Entertainment (IFE) system.Deliveries are planned to begin in 2025.
  • AVANT Up features OptiqQLED smart displays offering the bestinflight entertainment solution for aviationwith a system that responds to passenger needs and more, including:
    • Cinematic 4K HDR to immerse passengers with more than a billion vibrant colors.
    • Thales’ award-winning Pulse power management givingpassengers high-speedcharging at each seat for any of their devices.
    • Personalization features with curated recommendations and an enhanced ability to sync passengers’ personal electronic devices with the IFE screen.

Dubai, United Arab Emirates, 12Novembre 2023: Thales’ AVANT Up was also selected by Emirates in 2022 for their new A350 fleet to bring an unmatched quality of experience to customers.

AVANT Up’s Optiq4K QLED HDR screens deliver superior cinematicviewing experience every time.

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