Latest news with #714
Gulf Insider
2 days ago
- Business
- Gulf Insider
Dubai Takes Major Tokenised Real Estate Project
The Dubai real estate sector leading the world again as tokenised property sells out and new ownership certificate launched. Dubai Land Department has launched the world's first Property Token Ownership Certificate, following the successful sale of the first tokenised real estate project on the 'Prypco Mint' platform — licensed by VARA — within just one day of launch. This milestone further reinforces Dubai's position as a global leader in real estate innovation and digital transformation. The first project launched under the Real Estate Tokenisation Initiative attracted 224 investors, 70 per cent of whom entered Dubai's real estate market for the first time. This highlights strong investor confidence and the accessibility provided by flexible, low-cost digital solutions. Investors represented 44 nationalities, and the average individual investment amounted to AED10,714 ($2,917). As the region's first platform of its kind, the initiative continues to draw significant interest, with the waitlist exceeding 6,000 requests. This surge in demand reflects Dubai's growing appeal to new segments of global investors seeking innovative and accessible property ownership models. Dubai Land Department developed the Real Estate Tokenisation project in collaboration with the Virtual Assets Regulatory Authority (VARA) and the Central Bank of the United Arab Emirates and the Dubai Future Foundation (DFF) through the Real Estate Sandbox. It is being executed through Prypco Mint. The initiative aims to broaden the real estate investor base while enhancing transparency and accelerating transaction processes, aligning with the Dubai Real Estate Strategy 2033 goals and the Dubai Economic Agenda D33. Dubai Land Department is currently working to enable real estate developers to list their projects on the platform, further expanding the initiative's scope and unlocking new opportunities for digital property investment. Also read: Dubai Metro Blue Line Set To Ease Traffic Congestion In The City
Hi Dubai
2 days ago
- Business
- Hi Dubai
Dubai Land Department Launches World's First Property Token Ownership Certificate
Dubai has cemented its status as a global pioneer in real estate innovation with the launch of the world's first Property Token Ownership Certificate, following the successful debut of a tokenized real estate project on the Prypco Mint platform. Licensed by the Virtual Assets Regulatory Authority (VARA), Prypco Mint saw its inaugural property token offering sell out within just one day. The launch drew 224 investors, 70% of whom were first-time entrants to Dubai's real estate market, reflecting strong interest in low-barrier, digitally driven ownership models. Investors hailed from 44 nationalities, with the average investment amounting to AED10,714. The initiative is part of the Dubai Land Department's Real Estate Tokenization project, developed in collaboration with VARA, the Central Bank of the UAE, and Dubai Future Foundation under the Real Estate Sandbox framework. It aims to make property investment more accessible, transparent, and efficient, in line with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33. The response has been overwhelming, with a waitlist now exceeding 6,000 potential investors, underlining the growing global appetite for digital property assets. The department is also working to onboard real estate developers onto the platform, expanding the scope of tokenized investment opportunities. This move not only diversifies Dubai's investor base but also signals a shift toward a more inclusive, tech-enabled real estate market. News Source: Emirates News Agency
Forbes
4 days ago
- Entertainment
- Forbes
Hollywood Cool For Summer—Steve McQueen's Iconic Persol 714 Is Back
The actor Steve McQueen — the King of Cool - in a pair of Italian brand Persol's iconic 714 sunglasses. Persol- Mptvimages In 1968, Hollywood actor Steve McQueen stepped onto the set of The Thomas Crown Affair and, with a single accessory, changed the course of eyewear history — a pair of Persol 714 sunglasses. With their foldable design, Light Havana acetate frames, and blue crystal lenses, the glasses weren't just stylish — they became instantly iconic. Founded in 1917 by Giuseppe Ratti in Turin, Italy, Persol — short for per il sole, meaning 'for the sun' — quickly became a respected name across Europe, particularly among aviators, race car drivers, and adventurers. The brand's iconic 649 model , originally introduced in 1957 for Turin tram operators, gained cult status when Marcello Mastroianni wore it in the 1961 film Divorce Italian Style. Building on the 649's success, Persol debuted the 714 in 1960 — the world's first folding sunglasses. Retaining the signature Meflecto temples (engineered for a flexible, comfortable fit) and the distinctive Supreme Arrow hinge (inspired by ancient swords), the 714 could collapse into the size of a single lens, and making it a favorite among style-conscious travelers. The latest iteration of Persol's 714: A leather foldable case, a leather cord with matching pouch and a vintage-style envelope filled with rare archival materials. Persol And then came McQueen. In The Thomas Crown Affair, he played a billionaire playboy orchestrating a daring heist — but it was his Persol 714 sunglasses that stole every scene. Whether racing dune buggies along the Massachusetts coast, piloting a yellow sailplane, or sharing a silent chess match with Faye Dunaway, his shades were always front and center. McQueen wore the 714s in Bullitt (1968), famous for its iconic car chase, Le Mans (1971), a tribute to the 24-hour motor race, and The Getaway (1972), a high-stakes crime thriller. Actor James Franco at the Cannes Film Festival in Steve McQueen's 714 model of Persols. Persol This spring, Persol released its latest edition of the 714 Steve McQueen model — unveiled at the Cannes Film Festival at Casa Persol, the brand's private terrace at La Terrasse by Albane at the JW Marriott. Staying true to its heritage, this special edition features a folding premium acetate pilot frame, Barberini mineral glass lenses, and four bold colorways. A discreet plaque inside the temple bears the year '1968,' honoring McQueen's role in The Thomas Crown Affair. The latest edition preserves Persol's signature elements: a folding pilot frame crafted in premium acetate, Barberini mineral glass lenses, four colorways, and on the inner temple of the limited editions, a discreet plaque bearing the year '1968.' Persol The new minamalist collector's box contains a foldable leather case and a matching leather cord with its own pouch—embossed with the Steve McQueen logo, alongside a vintage-style envelope filled with rare archival treasures honoring the actor's legacy. Over the decades, Persol has graced the faces of cinema royalty including Greta Garbo, Daniel Craig (Casino Royale), George Clooney (Ocean's Thirteen), and Tom Cruise. These days, new-generation icons like James Franco and Australian actor Jacob Elordi — a self-declared McQueen fan — show Persol's staying power. Some accessories fade. Some stay in fashion.
Yahoo
30-04-2025
- Politics
- Yahoo
It's past time to officially end state-sanctioned violence in schools
April 30 is International Day to End Corporal Punishment, and this year's theme is 'End State-Sanctioned Violence in Schools.' This is especially timely in North Carolina, since there are two bills (Senate Bill 714 and House Bill 983) in the legislature aimed at deleting the current statute that allows and provides immunity for public school personnel who 'intentionally inflict pain upon the body of a student as a form of punishment' up to the point that 'a student requires care beyond first aid'. (Yes, that's right, this grisly statute is still in place and yes, this is the twenty-first century.) Despite no organized opposition, neither bill is likely to get even a hearing in the legislature. If you'd like the back story, please read on. Virtually all developed countries (and a host of developing countries) prohibit the use of corporal punishment in the public schools. An exception is the United States, which leaves the issue to the states. Currently, 33 states have statutes prohibiting the practice. You already know that North Carolina, along with the entire south, still sanctions violence against public school students. Happily, there is a Tar Heel State anomaly: Taking advantage of permission granted by the state, all 115 local school districts prohibit the use of corporal punishment, and no student has been subject to the practice since 2018! This is essentially because more than 80 studies confirm that corporal punishment does not improve academic outcomes, but IS associated with negative effects on student educational and psychological development. Given this situation, the logical question is why is the state legislature reluctant to even consider honoring local decision-making by prohibiting corporal punishment by statute? The reason is embedded in the legislative process. While surveys of legislators indicate overwhelming support for prohibiting the practice, the process allows just a few legislators to block any bill. For example, the House and Senate Rules Committees, through which all bills must go, each has hundreds of bills waiting for a hearing. By rule, a bill must pass at least one chamber by the self-imposed deadline of May 8. This means most bills will die on that day, simply because the committee chair refused to give a bill a hearing. This will almost certainly be the case with the corporal punishment bills. It is generally thought that laws reflect the norms of a society. With regard to corporal punishment in the public schools of North Carolina, this is clearly not the case. It is comforting that all local school boards and administrations have taken steps to protect students. It is disconcerting, however, that the state legislature continues to tarnish our reputation by declining to remove a statute that no longer reflects who we are.
Zawya
28-03-2025
- Business
- Zawya
Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital
Doha, Qatar: Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capital, which equals QR0.50 per share for the year 2024. Addressing the Annual General Assembly, Jamal Abdulla Ahmad Al Jamal, Chairman of the Board said, 'It is with great honour that I welcome you, on behalf of the Board of Directors, to the Annual General Assembly of Qatar Islamic Insurance Group. The Group has been able, thanks to God Almighty, register good results in 2024. It is gratifying to announce that the Group succeeded in exceeding its business and operational goals and targets in 2024 by generating gross premium of QR551,135,023, shareholders' profit reached QR143,696,714. The shareholders' account has achieved (EPS) of 0.96 for 2024 comparing to 0.95 for the year 2023 with growth ration 1%, he added. As for the future, the Board will pursue, with unwavering determination, the Group's strategic plans for the Years 2025 – 2027 to ensure its continued growth and prosperity. Jamal Abdulla Ahmad Al Jamal further noted 'Our approved three year strategic plan and goals will permit us to increase our share of insurance business in Qatar, maximize our insurance underwriting capacities, retention and profit efficiency, re-engineer our motor insurance operations, maximize the efficiency of our investment assets diversification and profitability, rise the Qatarization percentage.' Based on the aforementioned results, the Board of Directors, in co-ordination with the Sharia' Supervisory Board, has decided to reimburse policyholders with cash surplus equaling 5% of the premiums written in 2023 . 'As for the shareholders, the Board proposes to the Assembly distribution of cash dividends of 50% of the paid-up capital, which equals QR0.50 per share for the year 2024.' 'Although we recognize that 2025 will pose a real challenge to the Qatari Private Sector and, especially, competition between insurance companies and other challenges, however, we will strive to exceed this year, products during the Group's offerings and display and that meet the needs of customers,' he added. 'We express our profound gratitude and deepest respects to H H the Amir and H E the Prime Minister for their unwavering support and endless encouragement. We give our sincere thanks to Qatar Central Bank, the Ministry Commerce and Industry, Qatar Financial Markets Authority, Edaa Company and our Sharia Supervisory Board, policyholders and shareholders.' 'Last, but not least, we convey our genuine appreciation to the General Management and staff of the Group for their wholehearted devotion and dedication. I would also like to extend my sincere thanks to all Board Members, directors and all its committees for their effort during 2024,' Chairman of the Board said. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
