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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Business & Investments

Thales’ AVANT Up selected for Emirates’777X aircraft

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Thales’ AVANT Up selected for Emirates’777X aircraft

  • Emirates will equip its Boeing 777Xaircraft withThales’AVANT UpIn-Flight Entertainment (IFE) system.Deliveries are planned to begin in 2025.
  • AVANT Up features OptiqQLED smart displays offering the bestinflight entertainment solution for aviationwith a system that responds to passenger needs and more, including:
    • Cinematic 4K HDR to immerse passengers with more than a billion vibrant colors.
    • Thales’ award-winning Pulse power management givingpassengers high-speedcharging at each seat for any of their devices.
    • Personalization features with curated recommendations and an enhanced ability to sync passengers’ personal electronic devices with the IFE screen.

Dubai, United Arab Emirates, 12Novembre 2023: Thales’ AVANT Up was also selected by Emirates in 2022 for their new A350 fleet to bring an unmatched quality of experience to customers.

AVANT Up’s Optiq4K QLED HDR screens deliver superior cinematicviewing experience every time.

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Technologies

Johnny Depp’s Defamation Lawyer Among World-Class Speaker Line-Up At Black Hat MEA

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Johnny Depp’s Defamation Lawyer Among World-Class Speaker Line-Up At Black Hat MEA

Leading cybersecurity experts from renowned multinational corporations such as Netflix, Google, and the FBI, also set to speak at far-reaching global gathering in Riyadh

Countdown Begins to Black Hat MEA as Cyber Industry’s Fastest-Growing Event Moves to New Venue from 14-16 November

Riyadh, Saudi Arabia (November 13, 2023): The countdown to Black Hat Middle East & Africa (MEA) is officially underway, with organisers confirming a stellar line-up of regional and international speakers for the cyber industry’s fastest-growing event, taking place at Riyadh Front Exhibition & Conference Centre to accommodate surging exhibitor demand.

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Uncategorized

COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO

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COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO

  • As the UAE gears up to host the global climate change summit, Arabian Gulf Business Insight (AGBI) provides guide to GCC’s current position and targets

Dubai, United Arab Emirates – 11 November 2023:  A special report analysing lower emissions targets and charting progress towards achieving them in the GCC is being made available today ahead of the UAE’s hosting of Cop28 later this month.

Continue reading COP28: PROGRESS AND CHALLENGES REVEALED IN GULF’S JOURNEY TO NET ZERO →