Featured

Great Initiative -Free Food Sewa by PADMAA FOUNDATION

From Humble Beginnings to Beacon of Hope: The Heartwarming Story of Free Food Sewa

Dubai, July 4, 2024 – Amidst the hustle and bustle of our daily lives, it’s easy to overlook the struggles faced by many in our communities. For those battling poverty, homelessness, or simply going through tough times, putting food on the table can be a daunting task. This is where Free Food Sewa by PADMAA FOUNDATION steps in.

Free Food Sewa is an initiative by PADMAA FOUNDATION, based in India, started by a group of like-minded school friends Mr.Dinesh Sahrawat and Mr Umesh Awatramani, and aims at combating hunger by providing free meals to those in need. Sewa, a Sanskrit term that translates to ‘selfless service,’ forms the core ethos of this initiative.

Continue reading Great Initiative -Free Food Sewa by PADMAA FOUNDATION →
Real Estate

MAG Partners with MANTRA to Tokenize $500 Million in Assets, Marking a UAE Milestone for Real Estate

United Arab Emirates, Dubai: 3 July 2024 — In a significant move in the global tokenized real world asset sector, MAG, a leading real estate developer in the UAE, announced a major partnership today with MANTRA, the Institutional-grade Layer 1 blockchain for tokenized RWAs, which will see the tokenization of half a billion US dollars’ worth of MAG’s real estate portfolio.

With MAG’s total real estate portfolio valued at over US$5bn, the collaboration with MANTRA aims to revolutionize real estate investment through the application of blockchain technology.Starting with Keturah projects – Keturah Reserve in Meydan, Dubai and Keturah Resort atDubai Creekside,the partnership will introduce a real estate financing vault on MANTRA’s purpose-built compliance-ready Layer 1 blockchain. This initial vault product provides investors with an attractive yield derived from an alternate asset class and is backed by the security of blockchain technology.

Continue reading MAG Partners with MANTRA to Tokenize $500 Million in Assets, Marking a UAE Milestone for Real Estate →
Business & Investments

India’s Largest Crypto Exchange CoinDCX Acquires MENA Region’s Crypto Leader BitOasis

  • MENA Market Entry: CoinDCX’s entry into the MENA market represents the first step in its international expansion plan, reflecting the company’s global ambition and unlocking new growth opportunities
  • Regulatory Milestones: BitOasis has recently secured a new licence from the Central Bank of Bahrain (CBB), further solidifying its presence in the region. BitOasis may operate as a broker-dealer in accordance with the permissions granted to it under its VARA issued MVP Operational Licence.
  • Enhanced User Experience: Users can expect enhanced crypto services, access to more tokens, increased liquidity, and improved trading experience.

Dubai, July 3.2024 – CoinDCX, the largest crypto exchange in India, proudly announces the acquisition of BitOasis, the Middle East and North Africa’s leading virtual assets trading platform boasting the highest trading volume in Emirati Dirhams. CoinDCX had previously made a strategic investment in BitOasis in August 2023. 

Continue reading India’s Largest Crypto Exchange CoinDCX Acquires MENA Region’s Crypto Leader BitOasis →
Business & Investments

ALSULAIMAN IKEA ANNOUNCES A 70 MILLION RIYAL INVESTMENT TO LOWER PRICES ON THOUSANDS OF PRODUCTS

  • With over 40 years in Saudi Arabia, Alsulaiman IKEA continues to offer affordable furniture that brings style, comfort, and functionality to homes

  • Alsulaiman IKEA is committed to making additional investments to the product line and grow the affordable home furniture solutions category

Jeddah, KSA, July 2024: Alsulaiman IKEA, the leading home furniture brand, announces a major investment of 70 million riyals to further reduce the prices of their products, introducing 3000 ‘New Lower Price’ items during 2024. Alsulaiman IKEA, part of Alsulaiman Group, plans to continue making additional investments in the coming years to provide more affordable home furniture solutions and expand the category.

Continue reading ALSULAIMAN IKEA ANNOUNCES A 70 MILLION RIYAL INVESTMENT TO LOWER PRICES ON THOUSANDS OF PRODUCTS →
Education

Abu Dhabi is set to host Amazon UNIVERSITY Esports Masters, the big party for college esports in MENA

  • Two UAE teams will represent the country at the Grand Final of this competition, involving also university students from Saudi Arabia, Egypt and Morocco.
  • The third edition of the competition will be held on-site between July 5 and 6 at Pixoul Gaming.
  • Amazon UNIVERSITY Esports Masters is the season finale of Amazon UNIVERSITY Esports, a global project involving more than 100,000 students from all over the world.
  • The video games market in the UAE is forecast to grow from revenues of USD 420.90 million in 2024 to USD 492.90 million by 2027.
Continue reading Abu Dhabi is set to host Amazon UNIVERSITY Esports Masters, the big party for college esports in MENA →