All posts by uaenews247

Sports & Recreations

The 3rd UAE Para Alpine Ski Slalom Races and UAE FIS Alpine Ski Slalom Races

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Ski Dubai and UAE Winter Sports Federation hosted the 3rd UAE Para Alpine Ski Slalom Races and UAE FIS Alpine Ski Slalom Races

  • Para Alpine and Alpine Ski Slalom athletes take part in the FIS events organised by Ski Dubai, UAE Winter Sports Federation, and Dubai Sports Council in preparation for 2024 Youth Olympic Games in Italy

Dubai, United Arab Emirates, 13 November 2023: UAE Winter Sports Federation, in partnership with Ski Dubai and Dubai Sports Council, hosted the UAE Para Alpine Ski Slalom Races and UAE FIS Alpine Ski Slalom Races for the third consecutive year on 06-09 November. The four-day FIS events brought together more than 48 participants from 18 countries, including five Emirati athletes from the UAE National Team.

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Education

Midas and CS Institute of Management

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Midas and CS Institute of Management: A Dubai institute teaching next-level entrepreneurship to business scions

Dubai, 13th November 2023: Those wanting a traditional global MBA programs to support their family business growth or boost entrepreneurial aspirations rather than be directed towards the job market now have an option thanks to a brand new institute in Dubai.



Midas and CS Institute of Management is all set to offer a first of its kind curriculum titled ‘Entrepreneurship and Enterprise Management’ catering to this specific niche. Crafted for the scions of business families, this new program will offer the knowledge, skills, and exposure to take family businesses to their next level or launch independent ventures on a global stage. Brainchild of Chandrasekhar Singh and Pooja Shah, the co-founders of this institute, this course has accomplished business coaches, global faculty from leading business schools and cutting-edge topics imparting knowledge and expertise on how to take one’s business global.

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Technologies

Nothing Achieves Two Million Units Shipped

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Nothing Achieves Two Million Units Shipped

Nothing celebrates its 3rd brand anniversary just as the company crosses the two million products threshold

Dubai, UAE, 13 November 2023 – London-based consumer technology brand Nothing is proud to announce its latest company milestone of 2 million units shipped across its range of devices. A goal achieved in just under three years since the company’s inception with product movement doubling over a one year period from 2022 to 2023.

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Real Estate

RDC collaborates with DIB to maximise societal impact of Zakat funds

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RDC collaborates with DIB to maximise societal impact of Zakat funds

  • The collaboration involves charitable and humanitarian efforts to ensure the smooth delivery of aid to beneficiaries

Dubai, United Arab Emirates, 12 November 2023:The Rental Disputes Centrer (RDC), the judicial arm of Dubai Land Department (DLD), and Dubai Islamic Bank (DIB) signed a memorandum of understanding, whereby DIB will offer financial support from its Zakat funds to the RDC, fostering innovation and development in community work.

Under the terms of the agreement, DIB will extend financial support to the RDC for asset-based distribution to eligible individuals. Furthermore, the bank will provide technical assistance, empowering the centre to execute programmes and projects stemming from this partnership.

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Business & Investments

‘Global Payments Report 2023’ from BCG

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UAE Payments Revenue Pool Projected to hit $19.8 Billion by 2027, Despite a Global Slowdown in Growth Rates Compared to Previous Years

  • Global payment revenues are projected to grow by $2.2 Trillion by 2027 at a CAGR of 6.2%.
  • The total payments revenue for the UAE payments industry grew at an annual rate of 9.7%, reaching $12.8 Billion by the end of 2022.

Dubai, UAE 13 November 2023: Amid global challenges such as the pandemic and economic fluctuations, the UAE payments industry has demonstrated resilience. Between 2018 and 2022, the total revenue for the UAE payments industry grew at a Compound Annual Growth Rate (CAGR) of 9.7%, reaching a revenue pool of $12.8 Billion by the end of 2022. In contrast, the global payments industry registered an annual growth rate of 8.3% to reach $1.6 Trillion by the end of 2022. According to the latest report from Boston Consulting Group (BCG), titled ‘Global Payments Report 2023’, slower growth is on the horizon globally.

BCG’s in-depth analysis of the UAE payments sector expects that the overall revenue growth will increase in the next 5 years (2023-2027) to a CAGR of 3.6% pushing the revenue pool to $19.8 Billion. In comparison, the global payment revenues are projected to grow by $2.2 Trillion by 2027 at a CAGR of 6.2%.  The report provides an in-depth market analysis, exploring challenges and opportunities for acquirers, issuers, and other key players in the UAE payments ecosystem.

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