Daily Archives: February 26, 2024

Sports & Recreations

Inaugural edition of Lanka T10 to start in December 2024

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Inaugural edition of Lanka T10 to start in December 2024

Dubai, February 26, 2024; The inaugural edition of the Lanka T10 League will be held from December 12 to December 22, 2024.

The tournament, which was initially planned to be held in June 2023, was shifted to December, as SLC deemed the ‘December window’ as the most appropriate to conduct the league, as the timing will complement Sri Lanka’s Domestic and International Cricketing Calendar.

Lanka T10 League, Sri Lanka’s newest addition to its annual cricket calendar will feature some of the finest international stars along with Sri Lanka’s top international stars.The action-packed competition will also provide opportunities for the brightest young talents in the country to mix, mingle, and play along with international stars.

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Technologies

PlanRadar Surpasses 50% Global Growth in 2023 Despite Challenging Landscape

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PlanRadar Surpasses 50% Global Growth in 2023 Despite Challenging Landscape

Dubai, UAE – 26th February 2024– PlanRadar announces remarkable global growth of more than 50% year-on-year in 2023, underlined by a continuing spirit of innovation and strategic entrepreneurship in the face of industry challenges and geopolitical turmoil.

PlanRadar is a leading digital construction, real estate, and facilities management platform that since its founding in 2013, has fast established itself as one of the world’s leading PropTech companies. Its significant growth comes in the wake of the company’s substantial territorial expansion, workforce growth and R&D amplification over the past year after raising about $70m in its Series B funding round in 2022. 

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Education

Canadian University Dubai BBA earns accreditation from Chartered Institute of Marketing UK

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CIM Accredited Degree statusprovidesaccelerated route to professional qualifications

February 26,2024 , Dubai, UAE: Canadian University Dubai (CUD) has received accreditation from the Chartered Institute of Marketing (CIM) UK, earning the prestigious CIM Accredited Degree status for its Bachelor of Business Administration (BBA) in Marketing. The recognition will provide students of the BBA in Marketing program with the opportunity to gain industry-recognized qualifications at an accelerated pace. The CIM UK accreditation is also recognized by the Australian Marketing Institute (AMI).

Dr. Farooq Haq, Professor of Marketing at Canadian University Dubai, Maggie Jones, CIM’s Director of Partnerships and Raj Achan, Senior Ambassador of CIM in the UAE

Awarded following a comprehensive mapping process, the CIM Accredited Degree status demonstrates that CUD’s BBA in Marketing meets the Institute’s learning outcomes ,ensuring course content is aligned with industry requirements. Mapped against the CIM Certificate in Professional Marketing (Level 4) and Diploma in Professional Marketing (Level 6), the BBA in Marketing offers exemptions based on Accredited Prior Learning (APL), reducing the number of assessments students must take to gain a CIM qualification.

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Real Estate

Binghatti’s First Bond Market Debut Soars at Over 200% Subscription

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Binghatti’s First Bond Market Debut Soars at Over 200% Subscription

The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk issuance. Priced competitively at 9.625%, the Sukuk experienced a tightening of approximately 30 basis points, demonstrating strong investor demand and confidence.

This transaction garnered widespread demand from both regional and international investors, with the order book peaking at an impressive 2.1 times subscription. The order book reached excess of USD 600 million, peaking at USD 621 million, underscoring the robust demand for Binghatti’s Sukuk offering.

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Business & Investments

Bashneft replaced its oil and gas reserves by 135% in 2023

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Bashneft replaced its oil and gas reserves by 135% in 2023
  • Over the past 5 years, Bashneft has discovered 7 oil fields and 298 new oil deposits found at the fields that are under development.
  • Bashneft’s geologists discovered 32 new accumulations of oil at its fields that are currently under development.

Dubai, February 26, 2024: 2023 saw Bashneft, a subsidiary of Rosneft, add 24.4 million tons (o.e.)of hydrocarbonsto its reserves thanks to its highly effective exploration operations, achieving a reserve replacement ratio of 135%.Bashneft has been successful in achieving full replacement of the liquid hydrocarbons it extracts each year by means of upping its reserves. In doing so, the company has been making a strong contribution to ensuring the fuel security of the Republic of Bashkortostan and Russia, while also helping extend the life cycle of Bashkortostan’s mature fields.

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