Education

Gulf Medical University Hosts 22nd Edition of UAE’s Largest Inter-University Sports Festival

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Gulf Medical University Hosts 22nd Edition of UAE’s Largest Inter-University Sports Festival, Cultivating Sportsmanship and Inter-Professional Teamwork

  • Brought together over 2,000 students from 21 universities across the seven emirates
  • Festival concluded with a grand awards ceremony, recognizing the accomplishments of its participants.

February 28, 2024, Ajman: One of the largest inter-university athletic events in the United Arab Emirates was hosted by Gulf Medical University, and it concluded with a grand awards ceremony. Known as the Gulf Medical University Sports Festival, it brings together more than 2,000 students from 21 universities located throughout the seven emirates each year. The event, which was organized by the Gulf Medical University Student Affairs Department, took place at Thumbay Ground & Quattro Ground for its 22nd edition, attracting an unprecedented number of participants and broke previous records for the most competitors in a week.

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Technologies

AI-Driven Attacks expected to surge in 2024: Trend Micro

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AI-Driven Attacks expected to surge in 2024: Trend Micro

Trend Micro Reaffirms Its Commitment to Cybersecurity with the release of Security Predictions Report 2024

Dubai, UAE, February 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions,  recently  released its Security Predictions Report for 2024 titled “Critical Scalability”. The report emphasizes the crucial need for organizations to adopt an advanced multilayered security approach to counter the growing attack surface.

The report underscores that in 2024, a growing number of enterprises will adopt artificial intelligence and machine learning (AI/ML) technologies. It notes that approximately 69% of IT leaders view the integration of machine learning as a critical operational priority. Although these technological advancements are anticipated to drive organizational growth, they also pose substantial risks, with bad actors exploiting these innovations to orchestrate attacks.

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Real Estate

Deloitte reports record real estate transaction levels in Dubai

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Deloitte reports record real estate transaction levels in Dubai: Sales prices up 18% and rents up 26% in 2023

  • The Emirate preserves its status as a safe haven for investors, amidst geopolitical and economic headwinds in other global investment markets
  • The average occupancy rate for Dubai hotels stood at 77% in 2023 and the number of international visitors surpassed pre-pandemic levels

Dubai, United Arab Emirates, February 28, 2024 – Theleading global professional services firm, Deloitte, released its annual Real Estate Report for the year 2023, reflecting on the robust performance of Dubai across all market sectors.

The residential market in Dubai has experienced remarkable growth in 2023, with sales prices increasing by 18% and rental rates soaring by 26% over the previous year. The market continues to be dominated by cash buyers, and demand for affordable villas and townhouses has fueled rental activity in this segment. Villa price growth has outpaced prices for apartments, while rent increase has moved in tandem. This trend is expected to persist in 2024, although the rate of growth may stabilize as new supply enters the market.

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Technologies

Saudi Arabia’s fortifies digital landscape by convening industry masterminds at LEAP 2024

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Saudi Arabia’s fortifies digital landscape by convening industry masterminds at LEAP 2024

By Feras AL Al Shaikh, Regional Director KSA region at Red Hat

The Kingdom of Saudi Arabia is not only witnessing significant changes but also setting stage for a transformation journey. Currently, the nation strides firmly, guided by the ambitious Vision 2030. This development is a testament to the resounding success of the initiatives Saudi Arabia implemented during 2023 as well as the nation’s resolute commitment to ensure continuous economic growth.

Amid this transformative journey stands the digital economy, a towering pillar demonstrating Saudi Arabia’s pursuit of innovation and economic diversification. With strategic investments in cutting-edge technologies such as artificial intelligence (AI), Internet of Things (IoT), cybersecurity and big data analytics, the Kingdom is not only adapting to future changes but is also poised to lead as a global technology hub. 

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Business & Investments

The Ports, Customs, and Free Zone Corporation held an extensive meeting with the Marine Agency for Wooden Dhows company owners’ customers

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During the regular meeting with traders and investors

Bin Sulayem: We innovate the best services that contribute to maintaining Dubai’s economic position on the global trade map

  • The efforts of the Ports, Customs, and Free Zone Corporation align with the objectives of Dubai Economic Agenda D33
  • Bin Sulayem: Through the Marine Agency for Wooden Dhows, we work to enhance Dubai’s position as a strategic center for attracting companies and traders from all around the world
  • Khoory: These efforts affirm our commitment to supporting the local and national economy, and our effective role in enhancing trade and Dubai’s position as a global trade hub

The Ports, Customs, and Free Zone Corporation held an extensive meeting with the Marine Agency for Wooden Dhows company owners’ customers which was held at the Queen Elizabeth 2 Hotel at Port Rashid. The purpose was to discuss fruitful cooperation methods to serve the trade and economic sector in Dubai.

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