Daily Archives: November 29, 2024

Real Estate

The Luxe Developers launchAED2.3 billion-dirham development on Al Marjan Island

  • La Mazzoni, the developer’s second multi-billion-dirham project on Al Marjan Island,combines sustainable living with elegance and world-class amenities
  • The new development takes inspiration from Ras Al Khaimah’s mountainous landscape and scenic beaches featuring 562 luxurious residences and is due for handover in Q4 2028

Dubai, United Arab Emirates, 28November 2024:The Luxe Developers, a leading UAE-based real estate developer firm, has officially launched La Mazzoni, an AED2.3 billion-dirham development on Al Marjan Island in Ras Al Khaimah. The fully furnished luxury development is set to add another dimension to the real estate landscape in the emirate by combining green and nature-inspired elegance with world-class amenities.

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Business & Investments

Masdar Closes Deal to Acquire TERNA ENERGY

Announces Goal to Supercharge Growth in Greece and Eastern Europe

  • Masdar has successfully completed the acquisition of 70% of the outstanding shares of TERNA ENERGY to become majority shareholder of the Greek clean energy champion
  • Following the closing of the transaction, Masdar will seek regulatory approvals for launch of an all-cash mandatory tender offer to acquire all the remaining shares
  • Masdar will bring long-term capital and global expertise to supercharge TERNA ENERGY’s growth plans as it targets 6GW of renewable energy operational capacity by 2029, supporting the energy transition in Greece and Eastern Europe
  • The acquisition will play an important role in growing Masdar’s portfolio in Europe as it targets 100GW global capacity by 2030
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Technologies

Strategico hosts insightful panel on AI’s transformative power at Global Media Congress 2024

Global experts explore AI’s potential to revolutionise predictive media and bolster the UAE’s leadership in artificial intelligence

– Dr Mohamed Al Kuwaiti, UAE’s Head of Cybersecurity: “Big data analysis provides us with both foresight and insight, enabling us to stay ahead of potential threats”

– Mahmoud Jassim, Regional Director for Public and Government Sector at Dell Technologies: “In today’s fast-paced world, especially in media, the need for rapid responses is greater than ever”

– Anderson Jackson, Chief AI Officer at G42: “We have committed to advancing AI responsibly, and we are already implementing those plans”

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UAE National Day

DIFC honours the nation on its 53rd Eid Al Etihad, doubles celebration with its own 20-year legacy of progress

Dubai, UAE;28November 2024:Dubai International Financial Centre (DIFC) salutes the nation and its wise leaders on the 53rd UAE Eid Al Etihad, marking its own two-decade legacy as the Middle East, Africa, and South Asia (MEASA) region’s leading global financial centre, and joins the people in joyous celebration.

For 20 years, DIFC has been at the forefront of shaping the UAE’s position as a global financial powerhouse, contributing significantly to the country’s economic transformation.

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