Danah Bay begins Phase 1 Villa Handover on Al Marjan Island in Ras Al Khaimah
Dubai Investment Real Estate remains steadfast in its vision to deliver Danah Bay to the highest standards of excellence, positioning it as one of the UAE's most desirable seafront communities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
11 hours ago
- Al Bawaba
Ajman Bank and MENSA Technologies Announce Strategic Alliance to Transform WPS Services in the UAE
Ajman Bank, one of the leading Shariah-compliant banks in the UAE, has partnered with MENSA Technologies, an innovative fintech company, in a strategic alliance aimed at enhancing the delivery of Wage Protection System (WPS) services across the region. This collaboration combines Ajman Bank's robust banking infrastructure with MENSA Technologies' agile digital payroll solutions to provide seamless and timely salary disbursements to a culturally diverse workforce while meeting all regulatory by a shared vision of financial inclusion and operational excellence, the partnership introduces a next-generation WPS card solution tailored to the needs of today's representative global employee base. Designed to simplify payroll management, the solution empowers employees regardless of income level or banking access with secure, regulated financial services that extend beyond traditional cash-based Mustafa Al Khalfawi, CEO of Ajman Bank, stated:"This partnership reflects Ajman Bank's strategic focus on embedding innovation into core banking infrastructure to support national priorities. By integrating agile digital payroll solutions with Shariah-compliant financial services, we are enhancing the wage protection ecosystem in a way that is secure, compliant, and scalable. It enables employers to meet regulatory obligations efficiently, while expanding access to banking for underserved segments of the workforce. As the financial system evolves, Ajman Bank remains committed to delivering purposeful innovation that advances both customer value and economic resilience."This initiative reinforces the infrastructure for compliant, transparent, and inclusive salary disbursement, an essential pillar in the UAE's evolving financial Mengsha Tan, Chairwoman of Mensha Group, added, "This WPS Cards and Wallets initiative is a powerful testament to Mensha Group's commitment to advancing financial inclusion. Through MensaPay and Mensa Technologies' innovation, combined with Ajman Bank's trusted banking framework, we are providing individuals with the financial tools they truly deserve, contributing significantly to the UAE's ambitious journey."Mr. Muhammad Ashraf, CEO of MensaPay, commented: "At MensaPay, we are immensely proud to enable this significant stride towards financial inclusion and a cashless society in the UAE, Our advanced technology underpins MensaPay's ability to deliver a compliant, efficient, and user-friendly solution with Ajman Bank, opening doors to essential financial services for the under banked."This partnership marks a significant step in reinforcing the UAE's wage protection framework and ensuring financial accessibility for all. By uniting the strengths of regulated Islamic banking and fintech innovation, Ajman Bank and MENSA Technologies are delivering a future-ready WPS model designed for scale, compliance, and inclusion. It demonstrates how cross-sector collaboration can unlock new channels for economic resilience, workforce empowerment, and sustainable growth across the region.
Al Bawaba
12 hours ago
- Al Bawaba
Dubai Land Department (DLD) Partners with Second Century Ventures to Launch Real Estate Accelerator
Dubai Land Department (DLD) is partnering with Second Century Ventures to launch the REACH Middle East accelerator program and has opened applications for the first cohort of companies. This landmark initiative, led by real estate technology pioneers Siddiq Farid and Karim Helal, invites startup companies from all industries to apply for the opportunity to redefine real estate innovation across the Middle East is a curated, eight-month program designed to empower up to 10 high-potential startups with the tools, mentorship and networks needed to scale locally and globally within the real estate industry. Selected companies will benefit from:Direct Funding and Investment: REACH provides up to $250,000 seed capital per company, strategic investor introductions and pathways for follow-on fundingReal World Access: Work with major real estate developers, government bodies and facility managers to pilot and commercialize solutionsExpert-Led Mentorship: Learn from industry veterans, successful founders and global thought leaders in PropTechGrowth Opportunities: Unlock curated connections at major industry events, conferences and trade shows to drive market adoptionGlobal Expansion: Plug into REACH's exclusive global network of over 330 alumni companies Aligned with the UAE Digital Economy Strategy, Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033 – which aim to add more than $27 billion to the economy – REACH Middle East supports the digital transformation of real estate and urban development. It complements other UAE accelerators, such as Abu Dhabi's Hub71 and regional initiatives under the Saudi Real Estate Development Fund and NEOM Innovation Hub that align with Saudi Arabia's Vision 2030. By fostering public-private partnerships, REACH Middle East aims to position the region as a global hub for innovation in the real estate ecosystem. REACH is backed by Second Century Ventures, the most active global fund in real estate technology. As the strategic investment arm of the National Association of Realtors®, SCV leverages the association's members and an unparalleled network of executives within real estate and adjacent industries.'We are proud to collaborate with REACH Middle East to unlock the potential of real estate tech startups across the region. With Dubai as the starting point, this accelerator will provide unparalleled support to entrepreneurs, fostering solutions that resonate throughout the Middle East and contribute to the global real estate ecosystem,' said Dr. Mahmoud AlBurai, Head of Policies and Innovation at Dubai Land Department.'The MENA region is at the forefront of real estate innovation, and REACH Middle East is committed to empowering startups to solve real-world challenges. Our program bridges cutting-edge technology with practical real estate applications, driving sustainable growth for startups and the industry alike,' added Siddiq Farid, Managing Director of REACH Middle East.'REACH offers a unique opportunity for startups to be part of a transformative ecosystem. We encourage ambitious startups to apply to join the next generation of PropTech trailblazers and help shape the future of real estate in the MENA region and beyond,' said Dave Garland, Managing Partner at Second Century Ventures. REACH Middle East seeks revenue-generating startups (seed to Series A) intent on expanding into the real estate, construction, sustainability, or property management ecosystem using emerging technologies like AI, IoT, or blockchain with scalable business models with local and global potential. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
13 hours ago
- Al Bawaba
Gulf Capital Successfully Exits ART Fertility Clinics' Middle East Operations Selling Its Stake to IVI-RMA Global, World Leader in Fertility and Assisted Reproduction
Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has sold its majority stake in ART Fertility Clinics' Middle East operations to IVI-RMA Global, the world's largest assisted reproduction group. The transaction is expected to generate a significant return on invested capital, making it one of Gulf Capital's most successful exits to its acquisition in 2020, ART Fertility Clinics has undergone a period of significant growth and transformation. Under Gulf Capital's ownership, ART expanded from a UAE-focused business into a regional fertility platform with 15 clinics, including 3 in the UAE, 1 in Saudi, and 11 in India. The scope of the transaction includes the clinics located in UAE and Saudi Arabia, while the India operation will remain under the ownership of Gulf Capital. In the Middle East alone, ART Fertility Clinics has delivered substantial revenue and EBITDA growth since 2020, with profitability quadrupling over the last five years. This strong financial performance has been underpinned by ART's reputation for clinical excellence, rapid regional expansion and some of the highest success rates in IVF treatments across the Karim El Solh, Co-Founder and CEO of Gulf Capital, commented: 'We are proud of the transformation we achieved at ART Fertility, scaling the platform from a single-country operator to the regional leader in reproductive medicine. Under Gulf Capital's ownership, ART Fertility invested heavily in science and research with 220 medical publications to date and launched a pioneering genetic testing lab in Abu Dhabi, leading to some of the highest IVF fertility success rates globally. ART Fertility's expansion and financial performance underline Gulf Capital's deep focus on operational improvements and growth. Following a competitive auction, the successful sale of the company to a global strategic buyer highlights Gulf Capital's ability to source, grow and exit healthcare platforms at very attractive multiples.'Suresh Soni, CEO of ART Fertility Clinics, said: 'ART Fertility has built a strong reputation for clinical excellence and world-class patient outcomes. Our success has been driven by our scientific rigor, a world-renowned medical team led by Prof. Dr Human Fatemi, and a deep commitment to providing the best-in-class care. With the support of Gulf Capital, we were able to expand successfully across the region and enhance our service offerings including adding in house genetic capabilities. We are excited to join IVI-RMA's global platform and to continue delivering on our mission and commitment towards the GCC community.'Hazem Abu Khalaf, Managing Director and Head of Healthcare investments at Gulf Capital, added: 'Our investment in ART Fertility is a clear example of Gulf Capital's ability to drive operational improvement and strategic growth in high-impact sectors. As one of the most vital and fast-evolving industries in the GCC, healthcare continues to offer both meaningful impact and long-term growth opportunities. ART Fertility stands as a testament to that potential. Over the past few years, we have helped build a business that combines scale, profitability, and clinical leadership – three elements that are often difficult to align. We are confident that ART Fertility is well-positioned for continued success in its next phase of growth under IVI-RMA's ownership and proud to have laid the foundation for its continued success in advancing specialized healthcare in the region'. Gulf Capital and ART Fertility Clinics were advised by Moelis & Company as M&A advisor, and A&O Shearman as legal advisor on the transaction.
