Daily Archives: February 27, 2024

Business & Investments

Mr. Arjun Dhanak of Kanz Jewels Clinches Youngest MD Award at The Retail Jeweller Dubai Forum

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Mr. Arjun Dhanak of Kanz Jewels Clinches Youngest MD Award at The Retail Jeweller Dubai Forum

Dubai, February 27, 2024 – The prestigious 5th edition of The Retail Jeweller Dubai Forum, themed “Next-Gen Retail,” unfolded today at The Hyatt Regency, Deira, Dubai, marking a significant milestone in the evolution of the retail jewellery industry in the GCC region. Among the highlights of the event was the recognition of Mr. Arjun Dhanak, the dynamic leader of Kanz Jewels, who was honored with the Youngest Managing Director Award.

The forum convened eminent experts, stakeholders, and top jewellers from across the Middle East and beyond, fostering a platform for intense brainstorming and groundbreaking exchange of ideas on the future trajectory of the retail jewellery industry. Key discussions centered around emerging business trends, imperative retail transformations, and the pivotal role of technology in shaping the Next-Gen jewellery retail business landscape in the GCC region.

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Business & Investments

Rapid Growth Expected for Digital Cross-Border Transfers in the Middle East

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Rapid Growth Expected for Digital Cross-Border Transfers in the Middle East

The annual report reveals a shift in the remittance sector with a growth spur, particularly in Saudi Arabia and the UAE

UAE – February 27, 2024: Prepay Nation, a global B2B marketplace for prepaid products has revealed in its first white paper ‘The Evolution of Cross-Border Transfers’ The document highlights a notable surge in demand for cross-border transfers within the Middle East, with a distinct focus on sophisticated and productized remittances.

According to recent data, the global digital cross-border transfers market is valued at $148.08 billion at the start of 2023, and is expected to grow at a CAGR of 12.58% to reach $339.87 billion by 2030. Increased mobile phone usage, online shopping and the need for convenient, fast, and secure money transfer services are the primary drivers of this trend. UAE and Saudi Arabia are two of the largest remittance hubs in the region that sent an astounding $39.6BN and $39.3BN respectively in 2022, amounting to about 7% of the GDP of the two countries.

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Business & Investments

DCC partners with Worldef International to host Cross-Border Digital Trade Forum in Dubai

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DCC partners with Worldef International to host Cross-Border Digital Trade Forum in Dubai

  • Partnership includes sponsoring the inaugural edition of Cross-Border Digital Trade Forum”and establishing a Digital Commerce Academy
  • Amna Lootah: This partnership represents an exceptional addition to Dubai CommerCity’s outstanding digital commerce ecosystem’

Dubai, UAE – 27 February 2024: Dubai CommerCity, the first and leading free zone dedicated exclusively to digital commerce, and a joint venture between the Dubai Integrated Economic Zones Authority (DIEZ) and Wasl Properties, signed an agreement with Worldef, the esteemed international platform dedicated to fostering global growth for companies in the export and digital trading sectors.

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Technologies

The Region’s Biggest Platform For HR Tech Wraps Up On A High

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The Region’s Biggest Platform For HR Tech Wraps Up On A High

  • Revealed that 79% of employees were more productive when working in a hybrid model comprising of working 1-3 days from home
  • “Hybrid work models are not just a trend; they are the future”, says the Qualtrics study
  • Propagated the importance of the integration of technology and human connection for the coming years

27th February 2024, Dubai: The HR Tech MENA Summit 2024 concluded on a high with transformative insights and discussions, reinforcing its position as a pivotal event in the HR and technology sectors. The HR TECH MENA Summit paved a platform for key HR players from across the region to discuss trending topics, including humanizing technology, self-leadership, employee experience trends, and the impact of AI in HR.

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Real Estate

IPS 2024 Day 1 Unveils Cutting-Edge Insights and Collaborations in Real Estate Industry

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IPS 2024 Day 1 Unveils Cutting-Edge Insights and Collaborations in Real Estate Industry

The inaugural day of the highly anticipated International Property Show (IPS) 2024 commenced with a vibrant array of presentations and panel discussions at the IPS Conference Stage and workshops on the IPS Activities Stage, illuminating key trends and challenges in the realms of real estate and technology.

IPS Conference Stage Highlights

Fireside Chat: Dr. Michael Waters, Author of ‘The Essential Guide to the Dubai Real Estate Market,’ captivated audiences with his insightful analysis of the current landscape of real estate in Dubai. His fireside chat, where he hosted Majid Al Marri, CEO of the Real Estate Registration sector at DLD, set the stage for a day of robust discussions and exploration.

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