All posts by uaenews247

Business & Investments

Growing UAE Saving Culture Propels National Bonds Investments to Record AED 14 billion in 2023

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Growing UAE Saving Culture Propels National Bonds Investments to Record AED 14 billion in 2023

  • National Bonds distributed AED 2.9 billion in profit payouts and prizes
  • Bond holders have earned up to 5.84% in returns on their savings for 2023

Dubai, UAE, 02 April 2024

National Bonds, a leading Sharia-compliant savings and investment company in the UAE, today announced another remarkable year marked by significant growth, consistent profit sharing for customers, and a relentless focus on profound customer engagement, as evidenced by the introduction of novel saving solutions and ongoing digitization efforts.

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Technologies

“Machines Can See” brings leading AI minds together at Dubai’s Museum of the Future for round two

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“Machines Can See” brings leading AI minds together at Dubai’s Museum of the Future for round two

  • Dubbed one of the largest professional AI conferences in the Middle East, the event will explore the future of computer vision and machine learning, in line with the UAE’s strategy to establish Dubai as the AI capital of the world.
  • The summit is also hosting the Generative Interior Design Challenge, which invites developers to utilize generative models to reimagine interior spaces, offering a total of $15,000 in cash prizes to the winners.
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Business & Investments

Sobha Group announces Sobha Furniture’s factory

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Sobha Group announces Sobha Furniture’s factory, with state-of-the-art fully automated facility at Dubai Industrial City

  • Sobha Furniture factory marks another step towards stronger vertical integration for Sobha Group

Dubai, UAE, 2nd April 2024: Sobha Group, a leading global luxury real estate developer, announced setting up Sobha Furniture’s second factory by signing a land lease agreement with Dubai Industrial City (DIC), the region’s leading industrial hub, to build a facility approximately valued at AED 450million. The state-of-the-art factory is set to be the largest fully automated facilities in UAE.  

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Real Estate

MERED and Dutch Foundation Dubai Break Ground on ICONIC Tower

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MERED and Dutch Foundation Dubai Break Ground on ICONIC Tower

Dubai, UAE, 2nd April 2024 –In a momentous event marking a new standard of luxury residential development, MERED, a prominent international real estate developer, joined forces with Dutch Foundation Dubai (DFD), a leading full-service engineering foundation company, to commence the groundbreaking ceremony for the highly anticipated ICONIC Tower in Dubai. The ground-breaking ceremony was attended by distinguished partners, influential stakeholders, and industry leaders, signifying the official commencement of construction.

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Health Care

STAR Metropolis UAE Introduces Scientific Committee for Precision Diagnosis

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Bringing Innovation and Advancement in Pathology, STAR Metropolis UAE Introduces Scientific Committee for Precision Diagnosis

2 April 2024; Dubai, UAE – STAR Metropolis Clinical Laboratories & Health Services Middle East (SMCL), the region’s premier referral laboratory, takes a monumental step forward in elevating laboratory medicine with the introduction of its Scientific Committee. Comprising leading local, regional, and international scholars, experts, and intellectuals in the field of Pathology, the committee aims to revolutionize the industry.

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