Monthly Archives: July 2024

Technologies

OPPO’s Unbeatable AI Phone Reno12 Series now available in the GCC

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  • The Reno12 series is now available for purchase at authorized OPPO retailers across the GCC region.
  • The Reno12 available in Astro Silver and Matte Brown is priced at 1599 AED, and the Reno12 Pro priced at 2099 AED is available in Sunset Gold and Space Brown.

Dubai, United Arab Emirates, July 9th, 2024 – OPPO, a global leader in smart device innovation, is excited to announce that the Unbeatable AI Phone Reno12 series is now officially available in the GCC market starting from today, July 9th. The Reno12 series introduces a new era of smartphone experiences, incorporating multiple GenAI features and an all-round armor design to meet the evolving needs of consumers. This latest offering from OPPO combines stylish aesthetics with powerful performance, setting a new standard for mobile technology.

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Real Estate

Aafaq Islamic Finance PSC Partners with Dubai Land Department to Oversee Real Estate Escrow Accounts

Dubai, UAE – 8 July 2024

Aafaq Islamic Finance PSC has entered into a strategic partnership with the Dubai Land Department (DLD) through the signing of a Memorandum of Understanding (MoU). This agreement designates Aafaq as an authorized financial institution to provide escrow services, joining a select group of accredited account trustees managing off-plan project funds for real estate developers in Dubai. This collaboration aims to support the UAE real estate market’s growth amid rising demand for homes.

These specialized escrow accounts are designed for real estate projects, holding funds collected from off-plan investors or project financiers. They ensure a smooth construction process and protect investors’ interests, thereby increasing trust in the real estate sector.

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Technologies

CMF by Nothing Launches CMF Phone 1, CMF Buds Pro 2 and CMF Watch Pro 2

Nothing’s sub-brand unveils its inaugural smartphone alongside second-generation earbuds and smartwatch.

(Riyadh, Saudi Arabia – July 9, 2024) – CMF, a sub-brand of London-based technology company Nothing, has today announced a trio of new products – CMF Phone 1, CMF Watch Pro 2 and CMF Buds Pro 2. In under a year, CMF by Nothing has proven that great design and high product quality are not limited to the premium price point category.

With segment-leading performance, an incredible camera system, a wonderfully bright display, and a unique customisable design, CMF Phone 1 is the ultimate daily smartphone.

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Business & Investments

UAE grocery retailers must bring specialization to their customer proposition as saturation and consolidation loom, according to new report from Oliver Wyman

Key takeaways: 

  • Almost 60% of UAE customers would be interested in shopping at a discount retailer
  • Personalization is a differentiation opportunity in the UAE, with more than 70% of survey respondents saying they would be interested in personalized offers
  • More than 50% of respondents expressed interest in technology and AI use cases that can enhance their overall shopping experience
  • More than 90% of respondents deliberately look for fruit & vegetables produced in the UAE
  • Retailers need to revisit their relationship with suppliers and put the customer at the center of assortment, space, price and promotion decisions to win in the market
Joe Abi Akl - Oliver Wyman

Dubai, United Arab Emirates, July 9, 2024 – A major new report from Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), highlights that the UAE’s grocery sector has reached a new stage of modernization as competition intensifies.

Continue reading UAE grocery retailers must bring specialization to their customer proposition as saturation and consolidation loom, according to new report from Oliver Wyman →
Business & Investments

Bitget to List the First BGB Perpetual Futures with up to 50x Leverage

Global, 9th July 2024 – Bitget, the leading global cryptocurrency exchange and web3 company, is excited to announce that its native token, Bitget Token (BGB), is now exclusively available for futures trading on the platform. As the first BGB perpetual futures, BGBUSDT-M will be live on July 8, 2024, with a maximum leverage of 50x.

BGB is the ecosystem token of Bitget, designed to create a simple, secure crypto ecosystem accessible to all. Launched in July 2021 with a total supply of 2 billion, BGB now has 1.4 billion tokens in circulation. Bitget Token (BGB) offers exclusive perks to all holders, aiming to share the fruits of Bitget’s growth with all users. These benefits include spot trading fee discounts, free withdrawal, access to token sales or airdrops on Launchpad and Launch Pool, and other platform-specific benefits, incentivizing users to hold and use BGB, thereby creating a strong utility-driven ecosystem.

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