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Business & Investments

Sancta Capital Announces $43 million Acquisition

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Sancta Capital Announces $43 million Acquisition and Growth Debt Funding of RSS, a Leading GCC Power Solutions Provider

  • Transaction financed via issuance of a novel $43 million Shariah-compliant senior secured debt instrument
  • Sancta Capital acquires 75% equity stake in RSS, with 25% allotted as management incentive
  • Substantial portion of issuance to fund RSS’ hybrid solar-diesel power transition strategy, supporting early-mover advantage in a rapidly growing segment

Dubai, United Arab Emirates, 30 November 2023: Sancta Capital, the alternative investment manager focused on special situations in the Middle East & North Africa, is pleased to announce the successful acquisition and growth debt funding of Rental Solutions & Services Limited (“RSS”), a leading tech-enabled temporary and backup power solutions provider with a 16-year operating history in the UAE, Saudi Arabia and Bahrain.

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Health Care

New York Commemorates 20 Years of Partnership with AEEDC Dubai

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New York Commemorates 20 Years of Partnership with AEEDC Dubai

Dr. AlMadani Honored with Tribute Shield for 20 Years of Dedication to Advancing Global Dental and Oral Health

Collaboration extends to 3.9 million beneficiaries worldwide

AEEDC Dubai celebrates 52nd National Day of UAE in New York

Dubai, UAE – 29 November 2023: The Board Members and organizers of the Greater New York Dental Meeting (GNYDM), the most significant dental event in the USA, held a prestigious ceremony in New York yesterday to honor His Excellency Amb. Dr. Abdulsalam AlMadani, Executive Chairman of AEEDC Dubai and Global Scientific Dental Alliance – GSDA. The ceremony was attended by numerous representatives and members from participating countries worldwide. 

Sarah Merians Photography

The award comes in celebration of the strong partnership between the AEEDC Dubai Conference and Exhibition and the GNYDM, which reflects more than 20 years of continuous educational support. The honor is an outstanding achievement for Dubai and the UAE, represented by AEEDC Dubai, and between NYC and the USA, represented by GNYDM.

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UAE National Day

Thumbay Group Recognizes 30 Exceptional Emiratis

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Thumbay Group Recognizes 30 Exceptional Emiratis for Outstanding Contributions to Business ahead of 52nd Nation Day Celebrations

United Arab Emirates, November 29, 2023 – Thumbay Group, a leading business conglomerate in the UAE committed to promoting Emiratisation, honored 30 distinguished Emirati individuals for their remarkable contributions across various roles within the organization. This recognition is part of Thumbay Group’s ongoing partnership with the Nafis initiative, aimed at fostering the growth and development of Emirati talent in the healthcare and medical education sector.

The honored individuals have played pivotal roles in various positions, including front-line staff, team leaders, and department heads. Thumbay Group recognizes the invaluable role they have played in driving the company’s success and growth over the last year.

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Real Estate

مشروع “بوغاتي ريزيدنس” يسجل أعلى معدل قياسي لسعر القدم المربع في دبي

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مشروع “بوغاتي ريزيدنس” يسجل أعلى معدل قياسي لسعر القدم المربع في دبي

بيع المرحلة الأولى من مشروع “بوغاتي ريزيدنس” بأكثر من مليار درهم

محمد بن غاطي:

– مشروع “بوغاتي ريزيدنس” سيصبح من أرقى المشاريع السكنية الفاخرة ذات العلامات التجارية البارزة في دبي

– الطلب على مشروع “بوغاتي ريزيدنس” مستمر وتم طرح وحدات المرحلة الثانية

دبي، الإمارات العربية المتحدة، الخميس 30 نوفمبر 2023:

يواصل بيع العقارات الفاخرة على الخارطة في دبي نموه الاستثنائي ويزداد قوة على قوة مع تحقيق عائدات مرتفعة وأسعار مبيعات قياسية خاصة في المشاريع الفاخرة الجديدة.

وكشفت تقارير ما بعد البيع عن أن مشروع “بوغاتي ريزيدنس” الذي تنفذه شركة بن غاطي للتطوير العقاري في منطقة الخليج التجاري بدبي، تفوق على جميع المشاريع الأخرى التي هي قيد الإنشاء في الإمارة، حيث حقق أعلى معدل عند 9674 درهم إماراتي للقدم المربع، وفقًا للأرقام الرسمية التي نشرتها دائرة الأراضي والأملاك في دبي لشهر نوفمبر 2023، وتشير التقارير أيضًا إلى أن المرحلة الأولى من المشروع قد بيعت بالكامل وبأرقام تخطت المليار درهم إماراتي.

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Health Care, Technologies

Dr. Sahar Hashmi,Offers Entrepreneurial Insights on Generative AI

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Dr. Sahar Hashmi, Expert in AI for Healthcare, Business Enterprises, Digital Transformation and Technology Innovation, Offers Entrepreneurial Insights on Generative AI: Tackling Global Stressors and Their Impact on Mental Health

Dr. Hashmi Explains:

“As generative AI rapidly advances, I closely followed the updates from DevOpenAI Day this month. These included ChatGPT-4, the capability to create custom GPT models, fun facts about DALL-E, and discussions about the timeline leading to AGI (Artificial General Intelligence), although definitions of AGI naturally vary, among many other discussions.

The past couple of weeks at OpenAI has been tumultuous, characterized by the dismissal and subsequent reinstatement of Sam Altman as CEO, an event often compared to a fairytale ending. Furthermore, Elon Musk’s launch of the Grok-GenAI chatbot, along with Google’s (PaLM, Bard etc) and Amazon’s (Q) to keep pace in the smart chatbot race, are significant developments. The generative AI market is drawing a multitude of new entrants, fostering optimism and promise. However, it also raises concerns regarding safety, as well as challenges in efficiently integrating and scaling within existing systems.

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