All posts by uaenews247

Business & Investments

ADGM and Solana Foundation Forge a Strategic Partnership

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ADGM and Solana Foundation Forge a Strategic Partnership

Further enhancing the Distributed Ledger Technology Foundation Framework and advancing Blockchain Innovation

Abu Dhabi, UAE, 07 February 2024: Abu Dhabi Global Market (ADGM), a leading International Financial Centre (IFC), is pleased to announce a Memorandum of Understanding (MOU) with the Solana Foundation, a non-profit organisation dedicated to decentralisation, adoption, and security on Solana network. This significant partnership is dedicated to enhancing Distributed Ledger Technology (DLT) solutions and advancing blockchain innovation. The initiative aligns with ADGM’s strategic vision of becoming a central hub for technology-driven financial services, following the introduction of the DLT Foundations Regulations – a world-first, purpose-built framework for Blockchain Foundations and Decentralised Autonomous Organisations.

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Business & Investments

The 25th edition of the Gulf Engineering Forum kicks off in Dubai

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Under the patronage and attendance of Sheikh Rashid bin Hamdan bin Rashid Al Maktoum 25th edition of the Gulf Engineering Forum kicks off in Dubai

Dubai, UAE, 07 February 2024: Under the patronage and attendance of Sheikh Rashid bin Hamdan bin Rashid Al Maktoum, the Supreme President of the Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, the 25th edition of the Gulf Engineering Forum and its accompanying exhibition kicked off today, Wednesday, under the theme “Smart Engineering for Sustainable Future”, with the participation of more than 500 participants, to discuss various topics related to future trends in the engineering sector and its role in enhancing the global sustainability system.

The hosting of the event in the UAE coincides with the announcement by His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, of the year 2024 as an extension of the 2023 Year of Sustainability, reflecting the UAE’s commitment to adopting sustainable practices and innovative solutions to address key issues and challenges in the engineering field.

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Business & Investments

Money Maestro Revolutionizes Home Financing with Shariah-Compliant Solutions

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Money Maestro Revolutionizes Home Financing with Shariah-Compliant Solutions

Dubai, UAE, February 2024– Money Maestro, a leading financial institution, is proud to announce its groundbreaking Shariah-compliant financing products, specifically designed to meet the ethical and religious requirements of its customers. The institution’s focus on Islamic home finance aligns with the principles of Islamic law, strictly prohibiting the payment or receipt of interest (Riba).

Money Maestro goes beyond interest avoidance, employing common structures such as Murabaha, Ijara, and Musharakha to provide financing solutions that adhere to the principles of fairness and equity. The institution is associated with all major banks in the UAE , reinforcing its commitment to providing comprehensive Shariah-compliant financial solutions.

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Fashion & Trends

Imane Fashions Unveils a Visionary Collection Redefining Elegance and Style

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Imane Fashions Unveils a Visionary Collection Redefining Elegance and Style

A Journey of Glamour and Innovation, Crafted by Founder Ms. Toubri Imane

Dubai, United Arab Emirates, Februari 2024: Imane Fashions, a beacon of style and sophistication, proudly presents its latest collection, pushing the boundaries of elegance and setting new trends in the fashion industry. Under the visionary leadership of Ms. Toubri Imane, the founder and owner, the brand is poised to captivate fashion enthusiasts worldwide.

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Real Estate

Landmark announcements and growing demand points to a promising future for Ras Al Khaimah real estate

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Landmark announcements and growing demand points to a promising future for Ras Al Khaimah real estate

Ras Al Khaimah, UAE – January 2024: Bayut, the UAE’s leading property portal, has released their latest Ras Al Khaimah Market Report, with detailed insights on search trends in the northernmost emirate in 2023. In the past two years, the Ras Al Khaimah real estate market has seen a notable increase in activity, which is expected to continue into 2024. The same outlook is also reflected in Bayut’s Ras Al Khaimah 2023 market report. An analysis of search trends on Bayut has shown that demand for both villas and flats grew steadily, driving property prices upwards in most of the highly searched areas of the emirate.

The implementation of zero tax and the option of full foreign ownership have emerged as key catalysts, successfully attracting global investors to the emirate. Several property projects, including Cape Hayat on Hayat Island (Mina Al Arab) and the complete inventory on Al Marjan Island in RAK have been reported as sold out, underscoring the growing interest and confidence in the real estate sector.

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