
Dubai Centre for Family Businesses highlights structuring of family business legacy models
The session, which was attended by 21 family business leaders, explored family governance and structural legacy models to support the long-term sustainable growth of family businesses.
Held in collaboration with the Indian Business & Professional Council (IBPC), the session discussed practical ways for family-owned enterprises to plan for the future, including how to set up clear governance and legal structures to support smooth leadership transitions and promote long-term business continuity.
Real-world case studies were used to illustrate strategies that have supported legacy-building in family-owned enterprises, with a focus on tools that support continuity and growth across generations.
During her opening remarks at the session, Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, stated, 'We are committed to supporting the continuity of family business to enhance their contribution to building a diversified and sustainable economy. This is achieved by promoting the adoption of governance systems, management structures, and succession planning strategies that build on the achievements of these businesses.'
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Zawya
10 minutes ago
- Zawya
Space42, Microsoft, and Esri sign memorandum of understanding to enhance mapping capabilities across Africa
Over the next five years, the initiative will map 54 African countries and benefit over 1.4 billion people The detailed mapping will support economic growth across the continent Abu Dhabi, UAE – Space42 (ADX: SPACE42), the UAE-based global AI-powered SpaceTech company, part of technology group G42, announced the signing of a Memorandum of Understanding (MoU) with Microsoft and Esri to deliver high-resolution, scalable base maps across all 54 African countries, serving over 1.4 billion people. Known as the 'Map Africa Initiative,' the project will create the most comprehensive base map of the continent to date, addressing challenges in infrastructure, investment, and institutional gaps. The updated mapping system will catalyze economic development through increased access to intelligent solutions that support governments, businesses, and communities. The five-year collaboration aims to strengthen geospatial capabilities across Africa and the UAE, and provide precise and accessible data to national and regional stakeholders. The MoU was signed at Esri's 2025 User Conference. Hasan Al Hosani, CEO of Smart Solutions at Space42, said, 'Partnership is core to the UAE's DNA, and is central to how Space42 operates. This collaboration with Microsoft and Esri is more than technical; it's strategic. It advances Space42's business priorities, strengthens our role as a trusted partner to governments, and delivers meaningful benefits to communities across Africa. Accurate, high-quality mapping and the intelligence solutions built on it are essential for growth, resilience, and inclusive innovation. With reliable data, communities and economies prosper.' Jack Dangermond, President of Esri said,"We are proud to support the Map Africa Initiative in partnership with Space42. Transforming satellite imagery into detailed, accurate base maps at continental scale requires advanced geospatial technology and professional production workflows. These same capabilities have supported similar national and regional mapping efforts around the world. With Map Africa, we are helping to establish a foundational resource that will drive infrastructure planning, economic growth, and sustainable development across the continent." A Transformative Investment in Africa's Digital Future Africa's maps are fragmented, outdated, or inaccessible, leaving governments and businesses to make major decisions with inaccurate and incomplete data. The Map Africa Initiative seeks to change that by producing continent-wide geospatial data that is accurate, timely, and locally managed. The process itself is collaborative from start to finish, bringing together the complementary strengths of each organization. Space42 will lead fundraising efforts and project management, in addition to providing satellite data through sovereign capacities and commercial partners. It will process data using AI-powered Digital Twin models to produce dynamic, use-specific outputs and lead the Research & Development roadmap for new AI models and automation of map production workflows. Esri will orchestrate base map production workflows with its GeoAI and remote sensing capabilities, while also supporting regional hubs to train local teams and build long-term capacity. Microsoft will provide the secure cloud infrastructure and AI framework through Azure to support data processing, sharing, and integration at scale. Enabling Economic Opportunity, Resilience, and Innovation The initiative is expected to unlock long-term value across multiple industries: Ports and logistics: Detailed terrain and infrastructure mapping will improve route planning, reduce inefficiencies, and support Africa's emergence as a global logistics hub. Renewable energy: Site selection models will support optimal solar and wind deployment, improving efficiency and return on investment. Security and disaster response: Governments will be better equipped to monitor borders, track natural resources, and coordinate emergency responses. Smart cities and digital economies: Accurate maps are foundational to urban planning, public services, and technology deployment. The data will be licensed to national governments, enabling ownership and long-term updating by National Mapping Agencies. Over time, the initiative will also support a new commercial ecosystem of African startups. The data will eventually be housed in G42 and Microsoft-managed data centers across the continent. Strategic positioning for Space42 For Space42, the initiative represents more than a single project. It deepens long-standing partnerships with Microsoft and Esri, expands Space42's presence in Africa, and opens new commercial opportunities in analytics, licensing, and infrastructure support. The Map Africa Initiative is a testament to Space42's position as the global partner of choice for governments seeking geospatial data at scale, serving as both a strategic proof point and a commercial gateway to new markets. Peng Xiao, Group Chief Executive Officer at G42, said, 'We believe intelligence is the foundation for societal progress, yet it remains out of reach for millions across the Global South. This partnership is a decisive step toward closing that gap. Together with our partners, we will deliver AI-powered insights that enable African nations to plan smarter, build better, and grow more sustainably and responsibly. From agricultural optimization and natural resource management to strengthening public services infrastructure and economic empowerment, this partnership will help turn data into development, and intelligence into impact.' 'G42's partnership with Microsoft represents a shared commitment to harnessing AI as a global force for good. Together, we are building the infrastructure and applications that will extend the benefits of intelligence to communities across the world, transforming lives through technology that is trusted, responsible, and inclusive.' The initiative further pushes the limits of how technological innovation can advance communities and unlock economic opportunities. Aligning with the UAE's Global Investment and Innovation Agenda The UAE is Africa's largest foreign investor, with $44 billion in capital deployed in 2024 alone, nearly matching the combined investments of the UK and China. As the UAE's national space champion, Space42 advances this agenda by exporting AI and geospatial capabilities that enable data-driven development. By expanding the UAE's space ecosystem and fostering knowledge transfer across industries, Space42's geospatial mapping capabilities play a crucial role in building a future-ready, innovation-driven economy in both the UAE and Africa. For African countries, the mapping capabilities enable smarter land use, improved disaster response, modern infrastructure planning, and the foundations for smart cities and digital economies. For the UAE, this strategic engagement opens high-growth markets, deepens diplomatic and commercial ties, and consolidates its role as a global leader in AI-enabled space solutions. About Space42 Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Formed in 2024 by the successful merger of Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Space Services and Smart Solutions. Space Services focuses on upstream satellite operations for both fixed and mobile satellite services. Smart Solutions integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Major shareholders include G42, Mubadala, and IHC. For more information, visit: follow us on X: @space42ai Legal Notice and Cautionary statement regarding forward-looking information This announcement may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, words such as "expect", "will", "looking ahead" and any other words and terms of similar meaning. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and its investments and speak only as of the date of this announcement. Forward-looking statements are based on assumptions of future events and information currently available to the Company which may not prove to be accurate, and the Company does not accept any responsibility for the accuracy or fairness thereof and expressly disclaims any obligation to update any such forward looking statement. No representation or warranty is made that any forward-looking statement will come to pass. You are therefore cautioned not to place any undue reliance on forward-looking statements. Neither this announcement nor anything contained herein constitutes a financial promotion, or an invitation or inducement to acquire or sell securities in any jurisdiction.


UAE Moments
10 minutes ago
- UAE Moments
Dubai Courts Launches First International Hub in London
Dubai brings its legal game to London — here's why it matters for global investors. In a bold move to make legal services more accessible to global investors, Dubai Courts has officially opened its first overseas hub in London. The new Dubai Hub London is designed to streamline the investment process for entrepreneurs and businesses looking to launch or expand in the UAE. This international leap marks the first time Dubai Courts has operated outside the UAE, part of a wider push by Dubai Chambers to position Dubai as a top-tier global business capital. 'This is a major step toward making Dubai more accessible to international investors,' said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. 'The launch reflects our leadership's vision to position Dubai as a global business capital and underscores our ongoing efforts to support investors abroad.' So what does the hub actually do? Quite a lot, actually. Dubai Hub London offers access to services from several major government entities all under one roof. Here's a taste of what investors can get done without boarding a flight: Dubai Courts: Legal docs, contract attestation, signature verification, and case registration Dubai Land Department: Real estate valuations, map issuance, and data updates Dubai Department of Economy & Tourism: Trade name reservations, business license processing General Directorate of Identity & Foreigners Affairs: Residency-related admin support Plus, it also links up with top Dubai property developers to provide real estate services — a bonus for investors curious about the emirate's booming property market. Services include notary public offerings, legal translation, church contract attestation for non-Muslims, and even attending hearings remotely. Why London? As one of the world's leading financial hubs, London is a strategic choice for Dubai's first international service center. With its large pool of international investors and global reach, it's the perfect gateway for those eyeing Dubai's ever-expanding market. The hub also builds a stronger bridge between the UAE and UK, promoting investment flows in both directions. Dubai's on a roll Dubai isn't slowing down anytime soon — it topped the global charts for foreign direct investment for the fourth consecutive year in 2024, according to the Financial Times' fDi Markets.


Al Etihad
40 minutes ago
- Al Etihad
Space42, Microsoft, and Esri sign agreement supporting Map Africa Initiative, reinforcing UAE leadership in AI-enabled space solutions
29 July 2025 15:53 ABU DHABI (ALETIHAD)Space42, a UAE-based AI-powered SpaceTech company, has signed an agreement with Microsoft and Esri at the latter's 2025 User Conference to deliver high-resolution, scalable base maps across all 54 African countries, serving over 1.4 billion as the Map Africa Initiative, the project will create the most comprehensive base map of the continent to date, addressing challenges in infrastructure, investment, and institutional updated mapping system will catalyse economic development through increased access to intelligent solutions that support governments, businesses, and communities. The five-year collaboration aims to strengthen geospatial capabilities across Africa and the UAE, providing precise and accessible data to national and regional of Smart Solutions at Space42, Hasan Al Hosani, said, 'Partnership is core to the UAE's DNA, and is central to how Space42 operates. This collaboration with Microsoft and Esri is more than technical; it's strategic. It advances Space42's business priorities, strengthens our role as a trusted partner to governments, and delivers meaningful benefits to communities across Africa. Accurate, high-quality mapping and the intelligence solutions built on it are essential for growth, resilience, and inclusive innovation. With reliable data, communities and economies prosper.'President of Esri, Jack Dangermond, said, "We are proud to support the Map Africa Initiative in partnership with Space42. Transforming satellite imagery into detailed, accurate base maps at a continental scale requires advanced geospatial technology and professional production workflows. These same capabilities have supported similar national and regional mapping efforts around the world. With Map Africa, we are helping to establish a foundational resource that will drive infrastructure planning, economic growth, and sustainable development across the continent.'Group Chief Executive Officer at G42, Peng Xiao, said, 'We believe intelligence is the foundation for societal progress, yet it remains out of reach for millions across the Global South. This partnership is a decisive step toward closing that gap. Together with our partners, we will deliver AI-powered insights that enable African nations to plan smarter, build better, and grow more sustainably and responsibly. From agricultural optimisation and natural resource management to strengthening public services infrastructure and economic empowerment, this partnership will help turn data into development, and intelligence into impact.'G42's partnership with Microsoft represents a shared commitment to harnessing AI as a global force for good. Together, we are building the infrastructure and applications that will extend the benefits of intelligence to communities across the world, transforming lives through technology that is trusted, responsible, and inclusive.'Maps of Africa are fragmented, outdated, or inaccessible, leaving governments and businesses to make major decisions with inaccurate and incomplete Map Africa Initiative seeks to change that by producing continent-wide geospatial data that is accurate, timely, and locally process itself is collaborative from start to finish, bringing together the complementary strengths of each organisation. Space42 will lead fundraising efforts and project management, in addition to providing satellite data through sovereign capacities and commercial partners. It will process data using AI-powered Digital Twin models to produce dynamic, use-specific outputs and lead the Research & Development roadmap for new AI models and automation of map production will orchestrate base map production workflows with its GeoAI and remote sensing capabilities, while also supporting regional hubs to train local teams and build long-term capacity. Microsoft will provide the secure cloud infrastructure and AI framework through Azure to support data processing, sharing, and integration at initiative is expected to unlock long-term value across multiple industries. Ports and logistics: Detailed terrain and infrastructure mapping will improve route planning, reduce inefficiencies, and support Africa's emergence as a global logistics hub. Renewable energy: Site selection models will support optimal solar and wind deployment, improving efficiency and return on investment. Security and disaster response: Governments will be better equipped to monitor borders, track natural resources, and coordinate emergency responses. Smart cities and digital economies: Accurate maps are foundational to urban planning, public services, and technology data will be licensed to national governments, enabling ownership and long-term updating by National Mapping time, the initiative will also support a new commercial ecosystem of African startups. The data will eventually be housed in G42 and Microsoft-managed data centres across the Space42, the initiative deepens long-standing partnerships with Microsoft and Esri, expands Space42's presence in Africa, and opens new commercial opportunities in analytics, licensing, and infrastructure support. The Map Africa Initiative reflects Space42's position as the global partner of choice for governments seeking geospatial data at scale, serving as both a strategic proof point and a commercial gateway to new UAE is Africa's largest foreign investor, with US$44 billion in capital deployed in 2024 alone, nearly matching the combined investments of the UK and China. As the UAE's national space champion, Space42 advances this agenda by exporting AI and geospatial capabilities that enable data-driven expanding the UAE's space ecosystem and fostering knowledge transfer across industries, Space42's geospatial mapping capabilities play a crucial role in building a future-ready, innovation-driven economy in both the UAE and Africa. For African countries, the mapping capabilities enable smarter land use, improved disaster response, modern infrastructure planning, and the foundations for smart cities and digital economies. For the UAE, this strategic engagement opens high-growth markets, deepens diplomatic and commercial ties, and consolidates its role as a global leader in AI-enabled space solutions.