Monthly Archives: December 2024

Business & Investments

Middle East Energy Powers Up with New Features, Product Sectors, and Industry Conferences

  • Held under the patronage of the UAE Ministry of Energy & Infrastructure, the 49th edition of Middle East Energy will span 16 DWTC halls and run from 7-9 April 2025
  • Conference tracks will double for 2025, with the addition of three new CPD-accredited summits, including the first Battery Show Middle East

Dubai, UAE – 11 December 2024: The expanded 2025 edition of Middle East Energy, the region’s leading energy exhibition bringing together the leading lights of the industry, will feature a host of new shows, product sectors and conferences when it takes place at Dubai World Trade Centre (DWTC) next year.

Continue reading Middle East Energy Powers Up with New Features, Product Sectors, and Industry Conferences →
Business & Investments, Technologies

Direct Debit System acquires UK-regulated ElseWare in East-to-West technology transfer

UAE’s first paperless direct debit marketplace initiates ambitious expansion plans

December 12,2024 : Dubai, UAE: Direct Debit System, the UAE’s first paperless direct debit marketplace, has launched the first phase of its ambitious overseas expansion plans with the acquisition of UK-regulated company, ElseWare Ltd. The move counters the traditional trend of technology transfer from West to East, as the home-grown UAE fintech firm expands its product range into an established international marketplace.

Elaine Jones, Chairman of Direct Debit System

ElseWare Ltd has been a software provider in the UK’s BACS marketplace for almost 30 years. Through its core product, Front2BAX, customers can make and collect paperless direct debits and autogenerate payments if required. Direct Debit System’s acquisition of ElseWare is a strategic move on the back of the introduction of the UAE’s instant payment platform, Aani, to diversify into territories that have similar regulated instant payment solutions. 

Russell Saunders, Chair of ElseWare

Continue reading Direct Debit System acquires UK-regulated ElseWare in East-to-West technology transfer →
Real Estate

Tranquil Infra Developers Launches with Investments over $50M in UAE’s Real Estate Market

Blossom76 – Luxury Residential Urban Lifestyle Project Unveils in JVC – District 17

UAE: 12th December 2024: With a visionary team of industry veterans, Dubai is increasingly growing into an ideal investment hub with high sales and rental returns. Tranquil Infra, a boutique developer that specializes in niche real estate projects is at the forefront of reshaping Dubai’s skyline unveiling Blossom76, an epitome of true elegance with exceptional living, rising majestically in the heart of Jumeirah Village Circle, Dubai.

Blossom76 offers 111 residences – Spacious Studios, 1 Bed Apartments with Study and Plunge Pool, 2 Bed Apartments with Laundry, Study, and a Private Plunge Pool.  Recreational Amenities include a beautiful mix of Kids play area, Swimming pool with a Water feature, Panoramic Rooftop Gym, Yoga Space, BBQ & Outdoor Deck, with retail spaces on the ground floor and a lot more. Contemporary Design with Premium Fixtures & Fittings, Blossom76 is the right blend of style and luxury. Starting at AED 595,888/-, this architectural marvel is designed where each residence exudes an unmatched grandeur and exquisite lifestyle for the modern cosmopolitans.

Continue reading Tranquil Infra Developers Launches with Investments over $50M in UAE’s Real Estate Market →
Business & Investments

3rd GPCA Youth Forum Spotlights Role of GCC Youth in Driving Regional Development and Global Progress

The Gulf Petrochemicals and Chemicals Association (GPCA) Youth Forum took place in Oman Convention & Exhibition Centre, Muscat, Oman, from 2-5 December 2024

Muscat, Oman, 11 December 2024 – The 3rd edition of the Gulf Petrochemicals and Chemicals Association (GPCA) Youth Forum, an initiative led by GPCA and the GPCA Youth Council, highlighted the role of GCC youth in driving regional development and global progress, attracting 385 young professionals and students from across the Arabian Gulf. Taking place on the sidelines of the 18th Annual GPCA Forum from 2-5 December 2024 in Oman Convention & Exhibition Centre, Muscat, Oman, the GPCA Youth Forum addressed the theme ‘Youth Powering Tomorrow: Shaping a Sustainable Future’.

Nadia Al Hajji, CEO, PIC and Sponsor, GPCA Youth Council, welcomed delegates on 3 December by praising the significance of the forum: “The 3rd GPCA Youth Forum is more than just an event; it stands as a powerful testament to progress and our unwavering commitment to unlocking the full potential of the youth. These three days offer an extraordinary opportunity for growth, learning, and meaningful connections. I encourage you to immerse yourselves fully—engage actively, participate in discussions, and absorb the wealth of knowledge and experiences that surround you.”

Continue reading 3rd GPCA Youth Forum Spotlights Role of GCC Youth in Driving Regional Development and Global Progress →
Featured

International Development Bank Officially Joins the authorised Banks by Dubai Land Department as an Escrow Account Trustee

Dubai, United Arab Emirates, 13 December 2024: The ‘International Development Bank – UAE Branch’ (IDB) has been officially added to the list of authorised banks by Dubai Land Department (DLD) following the signing of an agreement designating the bank as an escrow account trustee for real estate development projects within the emirate.

Continue reading International Development Bank Officially Joins the authorised Banks by Dubai Land Department as an Escrow Account Trustee →