All posts by uaenews247

Business & Investments

BurjX Secures FSRA License, Launches ADGM-Regulated Trading Platform with 100+ Digital Assets

Abu Dhabi, UAE – 21stJuly, 2025

BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, for brokerage and custody activities.

In a landmark achievement, BurjX becomes a fully regulateddigital asset brokerage platform to offer and support trading of over 100 digital assets, setting a new standard for market access, regulatory depth, and product breadth in the region.

The UAE’s cryptocurrency market is projected to generate US$395.9 million in revenue in 2025, with the user base expected to reach 3.88 million by 2026.

With nearly one-third of the population set to own crypto within the next year, the UAE ranks among the highest adoption rates globally. BurjX is setting the benchmark for what a regulated, homegrown platform can be.

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Real Estate

Burtville Developments Launches Hotel-Branded “Bab Al Qasr Canal View Residence 22” in Al Raha Beach, Abu Dhabi

Abu Dhabi – July 21, 2025
Burtville Developments has announced the launch of its seventh residential project in Abu Dhabi: Bab Al Qasr Canal View Residence 22, a hotel-branded residential project in partnership with Bab Al Qasr Hotel. Located along the canal waterfront in Al Raha Beach, the project brings together the privacy of upscale residential living with the comfort and convenience of hotel-style services.

Construction officially began in early July 2025, with project completion and handover expected by the second quarter of 2029. The launch underscores Burtville’s continued expansion within Abu Dhabi’s growing real estate sector, responding to increasing demand for high-quality, well-positioned properties.

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Real Estate

MERED unveils new talent development initiative to shape Dubai’s real estate future

Dubai, UAE – July 21, 2025 – MERED, the international real estate developer redefining lifestyle through architecture, design, and innovation, has launched its Summer Internship Program as part of its Iconic Talents & Iconic Legends initiative. The program offers aspiring professionals practical, project-based experience within one of the fastest-growing real estate markets in the world.

Open to students and recent graduates from disciplines such as architecture, engineering, sales, project management, finance, and government relations, the internship offers a robust, hands-on learning experience. Participants will work alongside MERED’s in-house teams and gain exposure to its network of world-renowned partners, including Pininfarina, Hirsch Bedner Associates (HBA), Mirage, Sera Group, and more. Interns will gain insight into every stage of high-impact real estate development, from initial concept and design through construction and operations.

This initiative is part of the developer’s broader Iconic Talents & Iconic Legends program, which was launched earlier this year with the signing of internationally celebrated padel athletes, including former World No. 1 Maxi Sánchez, world-ranked duo Alex Arroyo and Edu Alonso, rising star Fran Guerrero, and Barcelona-based professionals Toni Bueno and Marc Quílez. The program also proudly supports rising motorsports talent Ivan Ekelchik, who has competed across key GT4 championships and raced in the highly competitive GT World Challenge Europe.

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Featured

35% Emiratization: Union Coop Focuses on Social Responsibility and National Talent Development

Dubai, UAE:

Popular retailer ‘Union Coop’ has announced that Emiratis now make up 35% of all localizable roles within the organization, reflecting its strong commitment to Emiratization and national talent development.

CEO Mr. Mohamed Al Hashemi emphasized that Emiratization is central to Union Coop’s strategy, aligning with the UAE’s vision to strengthen Emirati presence in the private sector. He noted the cooperative’s focus goes beyond numbers, aiming to empower and professionally develop national talent.

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Business & Investments

Beehive and Direct Debit System partnership fuels $1 billion in digital SME funding

Financing milestone marks one year of collaboration between the two platforms

July 21,2025 , Dubai, UAE: Direct Debit System (DDS), the fintech platform for automated collections, licensed by the UAE Central Bank,is celebrating its one-year partnership with Beehive, the first peer-to-peer lending platform in the MENA region to be regulated by the DFSA.

Vivek Harikrishnan, Head of Product & COO at Direct Debit System and Jason Stewart, Head of Partnerships and Products at Beehive

The milestone comes as Beehive surpasses USD 1 billion in SME financing across the GCC. The year of collaboration has enabled Beehive to execute collections and repayments in a paperless, secure, and instantly reconcilable environment, by replacing legacy cheque-based processes with DDS’s fully digital direct debit solution, powered by UAE PASS.


Direct Debit System is the UAE’s first Central Bank–licensed platform offering digital, paperless direct-debit collections from bank accounts and credit cards

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