Monthly Archives: July 2024

Shopping & Promotions

LEADING BRANDS ACROSS DUBAI UNVEIL EXCLUSIVE OFFERS FOR DSS DAILY SURPRISES

Dubai, United Arab Emirates, 9 July 2024: Dubai Summer Surprises (DSS) 2024 brings soaring sales and phenomenal promotions for everyone in the city during the second week of DSS Daily Surprises. Organised by Dubai Festivals and Retails Establishment (DFRE) and running every day until 4 August, the limited-time deals promise incredible price-drops across fashion, footwear, premium accessories, and much more.

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Education

Sunmarke School’s Class of 2024 Soars to New Heights with Record-Breaking IB Results

Dubai, United Arab Emirates, 9th July 2024: Sunmarke School is thrilled to announce the outstanding results of its International Baccalaureate Diploma Programme (IBDP) Class of 2024. This year, Sunmarke students have once again surpassed global standards and set new records, demonstrating the exceptional quality of education and student achievement at the institution. The Class of 2024 has achieved an average IBDP score of 36.4, more than six points above the global average, placing the Sunmarke cohort among the very best in Dubai. This remarkable performance is the highest ever recorded at Sunmarke, showcasing the dedication and hard work of the students and the exceptional support provided by educators.

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Business & Investments

Viola Communications Ranked 4th in GCC’s ‘Best Workplaces™’ for Media, Advertising, and Marketing

Abu Dhabi, UAE, 09 July 2024: Viola Communications, the Abu Dhabi-based marcoms leader and subsidiary of the Multiply Group, has announced its achievement of 4th place in the GCC’s ‘Best Workplaces™’ in the Media, Advertising, and Marketing category. This prestigious award comes on the heels of earning the esteemed ‘Great Place to Work®’ certification, underscoring Viola’s unwavering commitment to creating an outstanding workplace environment and solidifying its position as a leader in the industry.

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Business & Investments

Pearl Initiative report highlights preparedness and aspirations of Saudi Arabia’s next-gen family business leaders

  • 65% of actively involved family members believe the next generation is well-prepared for future challenges.
  • Only 30% of non-actively involved family members share the optimistic view of their actively involved counterparts.
  • 50% of both actively involved family members and non-family professionals agree that the next generation should primarily participate on the board of directors.
  • The report emphasizes the need for standardized guidelines and governance structures to ensure smooth leadership transitions and sustained business success.
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Business & Investments

Lunate receives initial approval by MoHRE and SCA to offer voluntary alternative EoSB Solutions in the UAE  

  • As the first Abu Dhabi-based provider with initial authorisation by MoHRE and the SCA, Lunate’s EoSB Fund will offer a choice of sub-funds including conventional and Shariah-compliant investment strategies
  • The EoSB scheme, approved by a UAE Cabinet Resolution in 2023, will offer employers and their employees more control and choice over savings plans

Abu Dhabi, 8 July, 2024 – Lunate Capital LLC (“Lunate”) today announced that it has received initial authorisation by the Ministry of Human Resources and Emiratisation (“MoHRE”) and the Securities & Commodities Authority (“SCA”) to serve as the first Abu Dhabi-based Fund Manager and Administrator of the UAE’s Voluntary Alternative End-of-Service Benefits (“EoSB”) Scheme through the newly licensed Lunate EoSB Fund (the “Fund”). Through a joint committee, MoHRE and the SCA granted initial approval for Lunate’s application after ensuring compliance with regulatory requirements and conditions.

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