Real Estate

Biggest Plot in Business Bay Just Sold through Driven Properties

Dubai, United Arab Emirates, August 1, 2024: Driven Properties, Dubai’s renowned real estate brokerage, announces its successful facilitation of the sale of the largest plot in Business Bay. The sale marks a significant milestone for the area, paving the way for a new, sustainable office park.

The premium office park by Lamar Development will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. With neighbouring off-plan office developments seeing prices that exceed AED 7,000 per square foot, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of short supply. This investment on the canal strip puts the Gross Development Value for Lamar’s existing and upcoming developments across the canal to over AED 12 billion.

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Technologies

Gartner Predicts 30% of Generative AI Projects Will Be Abandoned After Proof of Concept By End of 2025

  With GenAI, There Is No One-Size-Fits-All, and Costs Aren’t as Predictable as Other Technologies

DUBAI, UAE, August 4 2024 – At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner, Inc.

Rita Sallam, Distinguished VP Analyst at Gartner said, “After last year’s hype, executives are impatient to see returns on GenAI investments, yet organizations are struggling to prove and realize value. As the scope of initiatives widen, the financial burden of developing and deploying GenAI models is increasingly felt.”

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Business & Investments

EWEC and Mediclinic Middle East Extend Clean Energy Partnership

EWEC will power all of Mediclinic Middle East’s advanced healthcare facilities in Abu Dhabi with electricity generated from 100 per cent clean energy sources

Partnership reinforces Mediclinic Middle East’s commitment to sustainable practices

Abu Dhabi, UAE – 5 August2024:EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing and supply of water and electricity across the UAE, today announced the extension of a clean energy partnership agreement with Mediclinic Middle East, a leading private healthcare provider based in the UAE.

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Health Care

Registrations for the 3rd edition of RAK Diabetes Challenge begin today August 5 until 10th, cash prizes worth AED 20,000 for the top winners

3-month long RAK Diabetes Challenge 2024: A Nationwide Effort to Reduce Diabetes Burden and Improve Health

Diabetes is a gateway to numerous life-threatening diseases: Combat Diabetes with Lifestyle Changes

Ras Al Khaimah, UAE – August 5, 2024 – Building on the overwhelming success of last year’s RAK Diabetes Challenge, which brought life-changing improvements to 5,000 participants, RAK Hospital, in association with MOHAP-RAK (Ministry of Health and Prevention- Ras Al Khaimah), proudly announces the 3rd edition of the country’s foremost Diabetes Challenge. Registration for this three-month-long contest begins today, August 5, and will be open until August 10. The challenge is tailored for individuals with an HbA1C level of 5.7 and above, offering them a unique opportunity to embark on a transformative health journey. Participants can register online for Physical &Virtual categories.

Continue reading Registrations for the 3rd edition of RAK Diabetes Challenge begin today August 5 until 10th, cash prizes worth AED 20,000 for the top winners →
Education

Pearson Appoints Dave Treat as Chief Technology Officer

Dubai, UAE, 5th August,  2024– Pearson (FTSE: PSON.L), the world’s lifelong learning company, is announcing the appointment of Dave Treat as Chief Technology Officer. Dave will report to CEO Omar Abbosh. Working in close partnership with Pearson’s Chief Product and Chief Information Officers, he will lead technology innovation and architecture across the company. This includes enhancing the company’s presence in the AI and tech community, driving strategic technology partnerships, and engaging with emerging technology and ed tech start-ups.

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