Monthly Archives: September 2024

Featured

MoU Between DIHAD Sustainable Humanitarian Organisation and ICRC on the International Day of Charity

• Enhancing cooperation in humanitarian and educational fields

Dubai, United Arab Emirates, 4thSeptember 2024: Marking the International Day of Charity, the DIHAD Sustainable Humanitarian Organisation has signed a Memorandum of Understanding (MoU) with the International Committee of the Red Cross (ICRC). This MoU represents a major step forward in strengthening collaboration on humanitarian and educational initiatives, highlighting both organizations’ dedication to advancing global humanitarian objectives and promoting educational programs that support sustainable development.

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Education

Prof. Souri Banerjee appointed as the new director for BITS Pilani Dubai Campus

Dubai, UAE :BITS Pilani Dubai Campus, a renowned institution known for its commitment to innovation, has announced the appointment of Prof. Souri Banerjee as its new Director. He assumed the role in August 2024 and will serve as Director for the next five years. Prof. Banerjee succeeds Prof. Srinivasan Madapusi, who served as Director of the Dubai Campus since July 2021.

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Real Estate

LEOS Developments Unveils Knightsbridge: The First Climate Adaptive Wellness Community in Dubai

September 2024, Dubai UAE: LEOS Developments, the distinguished British-born international property developer, is pleased to announce the official unveiling of its latest project, Knightsbridge with a gross development value of AED 1.75 billion located in the heart of Meydan in District 11. The project, set to redefine luxury living, marks the commencement of the first climate adaptative wellness community in Dubai, seamlessly blending British architectural elegance with innovative environmental technology.

Phase one of Knightsbridge is home to an exclusive collection of 66 properties, including 4-bedroom townhouses and 5 and 6-bedroom villas, all designed to the highest standards of luxury and sustainability.

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Business & Investments

UAE private sector should invest in Artificial Intelligence to deliver Dh335bn extra growth, DSIG officials say

Investment is likely to push the Artificial Intelligence market value to a whopping US$200 billion (Dh730 billion) by next year as most companies are using AI to boost productivity of businesses, factories and industries

Date: Dubai, UAE; September 3, 2024

News Highlights:

  1. Increased investment in Artificial Intelligence is expected to deliver additional Dh335 billion value to the UAE economy by 2031;
  • The sum of assets and acquisitions from minority stakes, private investments, and public offerings totalled US$934.2 billion from 2013 to 2022.
  • Recent investment peaked in 2021 at US$276.1 billion with the emergence of ChatGPT.
  • In 2023, the global Artificial Intelligence market garnered US$142.3 billion;
  • Increased investment is likely to push the Artificial Intelligence market value to US$200 billion globally;
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Business & Investments

AD Ports Group Fast-Tracks Land Transport in the Middle East with a New Rail Logistics Offering via Etihad Rail Network

The new solution, provided by Noatum Logistics, inaugurated with new rail shuttle service connecting Khalifa Port and Fujairah Terminals

Abu Dhabi, UAE – 03 September 2024: Noatum Logistics, an AD Ports Group company and a leading logistics provider serving the globe across all major markets and trade lanes, announced today the launch of its new rail logistics solution for the Middle East region. The new offering, which complements Noatum Logistics’ integrated regional portfolio of freight forwarding products leveraging land, sea, and air transport, was inaugurated with the launch of its first rail shuttle service between Khalifa Port and Fujairah Terminals.

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