Daily Archives: May 22, 2026

Health Care

UAE Obesity Intervention: $51 Billion GDP Boost by 2031

UAE Report Obesity Intervention contributes $51 billion to the country’s GDP by 2031

Dubai, UAE; May 21 2026: A UAE report launched in collaboration with the Ministry of Economy and Tourism, revealed far-reaching benefits of obesity intervention across health, the economy, society, and education, in line with the ‘We the UAE 2031’ vision.

The launch was in the presence of H.E Dr Maria Hanif Al Qassim, assistant Undersecretary for Policies and Economic Studies in the ministry, who said in her speech at the event that the report comes at an important time, as it highlights the hidden effects of obesity on the economy, society and human development, and not only on health, stressing that the importance of the report lies in its reliance on evidence and data to measure the real impact of weight loss, which contributes to supporting data-based policymaking and enhancing cooperation between government agencies, the health sector, insurance companies and employers.

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Business & Investments

UAE’s AED 110M DDSC Transaction Fuels Digital Finance

IHC Executes Landmark AED 110 Million DDSC Transaction on ADI Chain, Advancing Institutional Adoption of UAE Digital Infrastructure

•    One of the largest single stablecoin transactions executed in the region, with AED 110 million (USD 30 million) transferred on ADI Chain

  • Demonstrates live institutional-scale capability and validates the scalability, resilience and operational readiness of the DDSC ecosystem
  • Reinforces the UAE’s position as a global hub for regulated digital asset infrastructure and next-generation financial innovation

Abu Dhabi, UAE – 21 May 2026:IHC, a global investment company focused on building dynamic value networks, today announced the successful execution of an AED 110 million (approximately USD 30 million) transaction using DDSC on ADI Chain, the institutional Layer-2 blockchain developed by ADI Foundation.Following the recent approval received from the Central Bank of the UAE for the launch of DDSC, the transaction represents a defining milestone for the DDSC stablecoin ecosystem, demonstrating operational readiness, scalability, and real-world applicability at institutional volume.

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Beauty

ARMAF Unveils The Timeless Collective – Season 2 at Atlantis’ Wavehouse, Blending Fragrance, Culture, and Entertainment on a Global Stage

ARMAF the biggest fragrance hoise in UAE with a presence in 140 countries, brought fragrance, culture, and entertainment together in spectacular fashion with the unveiling of The Timeless Collective – Season 2 at Wavehouse, Atlantis The Palm, Dubai. Hosting over 250 creators, media personalities, tastemakers, and partners, the evening transformed into a vibrant celebration of fragrance-led storytelling and immersive experiences.

“We just want people to have fun in memories. To keep the joy they have always felt alive. That’s what fragrance should do, we just tried to embody it here,” said Nayana Tharoor, the global head of marketing

Designed as a creator-powered global platform, The Timeless Collective reflects ARMAF’s vision of building communities through scent, self-expression, and culture. This season elevated the concept even further, introducing guests to an interactive fragrance universe built around the philosophy of there being something for everybody.

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Business & Investments

AlfaNow Expands Money Transfer Services in Oman

AlfaNow’s services are live across First Exchange’s branches, enhancing access to fast, reliable, and convenient money transfers nationwide

Muscat, Oman, 19th May 2026: AlfaNow, a cross-border payments platform built for how the world moves money today, has announced its official expansion into the Sultanate of Oman through a partnership with First Exchange, approved by the Central Bank of Oman.

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