Latest news with #DIP
Mid East Info
2 days ago
- Business
- Mid East Info
Dubai Investments Park Concludes 17th Corporate Sports Competition - Middle East Business News and Information
Unique in scale and ambition, the one-of-its-kind event in Dubai reinforces community, wellness, and corporate citizenship Dubai, UAE,June 2025: Dubai Investments Park (DIP), the unique integrated commercial, industrial & residential community in the Middle East, wholly-owned by Dubai Investments PJSC successfully concluded the 17th edition of its Corporate Sports Competitions with a vibrant awards ceremony, marking the culmination of two months of high-energy sporting action, teamwork, and community engagement. The event was held in collaboration with the Dubai Sports Council. Held from April to June 2025, this year's edition witnessed a record turnout, with teams from DIP-based companies competing across 19 diverse sports disciplines, including Outdoor Football, Outdoor Cricket, Basketball, Swimming, Volleyball, Padel Tennis, Table Tennis, Badminton, Billiards, Chess, Carom, Bowling, Tennis, and more. One-of-its-kind in Dubai, the DIP Corporate Sports Competitions are designed to go beyond the playing field—promoting collaboration among corporations, fostering employee well-being, and encouraging a culture of teamwork and mutual respect. With its growing scale and impact, the event has become a much-anticipated fixture in Dubai's corporate calendar, serving as a powerful platform for companies to demonstrate corporate citizenship and social responsibility. The 2025 tournament saw outstanding performances and fierce competition, culminating in a historic win for Emirates Glass, which topped the overall leaderboard for the first time with 351 points (7 Gold, 2 Silver, and 5 Bronze). Emicool followed closely in second place with 285 points (3 Gold, 7 Silver, 3 Bronze), while Gulf Drug secured third with 115 points, and Seven Seas placed fourth with 107 points. From thrilling matches to moments of resilience and sportsmanship, each game reflected the dedication, discipline, and camaraderie that define DIP's business community. The event was proudly sponsored by NMC Hospital and Delta Systems, with additional support from several valued partners, whose contributions helped make the competition a resounding success. About Dubai Investments Park: Dubai Investments Park (DIP) is a unique, self-contained mixed-use industrial, commercial and residential complex operated by Dubai Investments Park Development Company LLC. Spread across an area of 2,300 hectares (with 1,700 hectares leased), its masterplan was developed in 1997. DIP is strategically located within minutes from the Al Maktoum International Airport. It has been designed as a city within a city offering world-class infrastructure and outstanding facilities and services. A subsidiary of Dubai Investments PJSC, DIP is divided into three distinct zones – each setting the benchmark for high quality projects in a well-planned, fully-integrated master community development.
Khaleej Times
30-05-2025
- Business
- Khaleej Times
Dubai Investments marks three decades of progress, contributing to the making of the modern UAE
Dubai Investments has grown in tandem with the UAE's own remarkable evolution since its founding in 1995. What began as a bold initiative to diversify the nation's economy beyond oil has today become a reflection of the country's aspirations; dynamic, diversified, and future-facing. As the Group marks its 30th anniversary this year, it does so not with fanfare, but with a sense of purpose. Three decades on, the company's journey is as much about impact as it is about endurance; navigating shifting economic tides, investing in communities, and building platforms for sustainable growth. A legacy of diversification and vision In the mid-1990s, the UAE's economy was already on the cusp of change. Dubai Investments entered the scene with a clear intent: to become a vehicle for value-added investments that could power long-term development across key sectors from real estate and industry to healthcare, education and financial services. That vision quickly took root. In 1997, the Group launched what would become one of its most defining projects; Dubai Investments Park (DIP). Strategically located and master-planned to support industrial, commercial, and residential functions, DIP grew into a micro-city of its own, attracting thousands of businesses and playing a pivotal role in Dubai's industrial strategy. This integrated, mixed-use approach became the Group's hallmark - a model it would replicate in the years to come. Resilience through transformation Like any legacy institution, Dubai Investments has been tested by time. The early 2000s property boom, the 2008 global financial crisis, and the more recent pandemic all presented periods of uncertainty. Yet, through each cycle, the company found ways to pivot, embracing a measured strategy of reinvestment and diversification. The Group has maintained a strong governance culture while evolving with the times, introducing digital transformation, ESG practices, and a selective divestment approach that continues to unlock long-term shareholder value. Bin Kalban said: "Dubai Investments has emerged as a dynamic engine of economic growth, successfully earning the reputation of being a stable organisation, fueling the region's economic performance and diversification strategies." "We align our strategies and initiatives with the UAE Vision 2031, Dubai Vision 2030, GRI, and DFM indicators, ensuring our commitment to ESG principles," he added. Danah Bay: A symbol of what's next Among its newest real estate projects is Danah Bay, a premium beachfront development on Al Marjan Island in Ras Al Khaimah. With Phase 1 nearing completion, the community features 189 villas, 143 apartments, and a five-star hotel, designed to meet the growing demand for lifestyle-led, nature-integrated living. But Danah Bay is more than a luxury address. It's emblematic of Dubai Investments ' ability to spot and respond to emerging trends, in this case, the Northern Emirates' growing appeal as a residential, tourism, and investment destination. The project has already generated robust investor interest, reaffirming confidence in both the Group's brand and its read on market direction. Growth beyond borders Dubai Investments has a portfolio worth approx Dh2 billion ($544 million) in building materials and construction sector with plans to add Dh1 billion to the portfolio this year as it plans expansion in Abu Dhabi, Dubai and Saudi Arabia, according to Kalban. In the real estate sector, it has assets worth more than Dh15 billion with projects in Dubai and Ras Al Khaimah and its financial portfolio is valued at about Dh5 billion with investments in bonds and equities and private and listed companies. New projects are underway in Mirdif Hills, Jumeirah Village Circle (JVC), Meydan, and even international markets like Angola. Each is crafted with the Group's core values in mind including sustainability, community integration, and investor value. Beyond real estate, the company continues to strengthen its position across education, healthcare, and manufacturing beside aligning with national agendas like UAE Vision 2031, Made in UAE, and green economy goals. "As a group, we are focused on maintaining momentum and delivering consistent performance and our aim is to continue this phenomenal journey by embarking upon new ideas and innovations as the driving force behind emerging as a leading investment company across the region and beyond," adds Bin Kalban. "Dubai Investments is committed to consistently accelerate the transformation of the Group's strategy focused on its people and culture by building a strong and diverse workforce along with continued efforts towards enhancing sustainability and digitisation efforts." Three decades of trust At its core, the story of Dubai Investments is one of trust, earned over 30 years through consistent delivery, transparent governance, and partnerships that stand the test of time. Its growth has not only expanded its shareholder base but also supported the UAE's ambition of becoming a regional hub for business, tourism, and innovation. From shaping large-scale industrial parks to redefining lifestyle experiences with projects like Danah Bay, Dubai Investments has continually evolved without losing sight of its founding mission: to enable inclusive, future-ready development that benefits all stakeholders. As the company enters its fourth decade, it does so with the confidence of experience and the clarity of a vision still unfolding.
Zawya
29-05-2025
- Business
- Zawya
ME FITOUT to transform UAE's interior contracting landscape with new high-tech manufacturing facility in Dubai
UAE: ME FITOUT, a fast-growing interior fit-out company in the UAE, has unveiled a new high-tech, sustainability-driven manufacturing facility in Dubai Investment Park (DIP) to boost the UAE's booming interior fit-out market projected to reach USD 4.13 billion by 2030. The 100,000-square-foot facility is designed to deliver multiple complex large-scale interior contracting projects, elevating quality, efficiency, and sustainability standards in the sector. Rapid urbanisation and a booming tourism sector have driven growing demand for smart, sustainable, and luxurious environments across the hospitality, corporate, retail, and high-end residential markets in the UAE. ME FITOUT is well-positioned to meet these evolving needs by delivering fully integrated, end-to-end fit-out solutions that support Dubai's ambition to become a regional hub for design, manufacturing, and sustainable urban development, aligned with the city's long-term vision for innovation-led economic growth. Sherif Nagy, CEO of ME FITOUT, said: 'Our facility marks a new era in how interior contracting should be approached, developed and delivered. We have built a space where technology, sustainability, and craftsmanship converge to meet today's demand for precision, speed, and design excellence. It's our commitment to shaping the future of fit-out solutions in the UAE' The manufacturing facility is designed for high-output production and has the capacity to simultaneously deliver multiple complex, large-scale projects without compromising on quality or customisation. It features a full suite of next-generation European machinery to support large-scale and highly customised productions. The facility also utilises intelligent recycling systems, material optimisation software, as well as a centralised sawdust collection and disposal process, aligning with the UAE environmental standards. Sherif Nagy added, 'The facility's advanced setup enhances our operational agility, enabling us to maintain consistent quality at scale, adapt seamlessly to evolving project requirements, and significantly reduce operational waste, in an increasingly competitive market. Additionally, our facility is designed to ensure the safety, comfort and well-being of our employees, fostering a secure, supportive, and stress-free environment that empowers productivity and innovation.' Leveraging the combined expertise of highly trained professionals, the plant boasts specialised in-house capabilities across joinery, FF&E, upholstery, glass, solid surfaces, and metalwork, ensuring consistency and excellence across diverse project aspects. Further, the facility is integrated with best-in-class software, ensuring optimised material use, enhanced scheduling accuracy, and real-time workflow management for precision-driven results that align with the stringent timelines of high-profile developments. A key highlight is its dedicated 'handmade' division, where skilled artisans craft bespoke woodwork and luxury finishing elements, seamlessly blending traditional craftsmanship with digital manufacturing technologies. The company also leverages Critical Path Methodology (CPM) and real-time production tracking to facilitate agile and accurate scheduling across departments, seamlessly accommodating client needs, urgent modifications, and last-minute requests. The new facility's launch will consolidate ME FITOUT's pioneering stature as a leader in the UAE's design and construction landscape, highlighting its exemplary vision to elevate existing standards of innovation, execution, and luxury craftsmanship in the interior contracting industry.
Associated Press
27-05-2025
- Business
- Associated Press
Deep Intelligent Pharma Unleashes a New Era of AI-Driven Drug Development at Microsoft Build 2025
Singapore, May 27, 2025 -- Deep Intelligent Pharma (DIP) has officially launched a groundbreaking generative AI platform that promises to redefine how the world develops medicine. Unveiled today at Microsoft Build 2025, where DIP was the exclusive presenter from Asia, the new solution represents a bold leap forward in the fusion of AI and life science innovation. Built in partnership with Microsoft Azure O3, DIP's next-gen platform harnesses multi-agent AI swarms capable of performing scientific writing, statistical reasoning, document validation, and regulatory compliance with superhuman scale and precision. It directly targets one of the most expensive, slow, and error-prone challenges in pharma: the creation of clinical and regulatory documents. 'This isn't just an upgrade — it's a reinvention of how life science companies operate,' said Xing Li, CEO of DIP. 'We've turned months of expert labor into minutes of AI-driven intelligence — bringing speed, accuracy, and scientific depth into perfect alignment.' A Paradigm Shift in Life Science R&D The DIP platform is designed to eliminate the longstanding bottlenecks of pharmaceutical development: Real Results, Real Impact At Build, DIP showcased a live case study in which its AI-authored protocol for a novel cancer immunotherapy was approved by Japan's PMDA with zero revisions — in a single review cycle. The message was clear: generative AI isn't the future of pharma — it's happening now. With over 1,000 pharma clients, 20,000+ submission projects, and 5 billion words processed, DIP is already trusted by industry leaders across Asia and beyond. And now, it's setting a new global standard for how data becomes discovery. Transforming the Economics of Innovation With drug development costs surpassing $2 billion per therapy and timelines stretching 10–15 years, DIP's AI orchestration radically accelerates innovation — helping companies reinvest resources into science instead of paperwork. 'This is AI that thinks like a scientist, writes like a regulator, and moves at the speed of discovery,' added Shinya Yamamoto. 'We're not just helping companies go faster — we're helping them aim higher.' About Deep Intelligent Pharma Founded in 2017, Deep Intelligent Pharma is a pioneering AI company with global offices in Japan, China, and Singapore. Its mission is to empower pharmaceutical and medtech innovators through intelligent automation, turning regulatory complexity into a catalyst for speed, scale, and scientific excellence. DIP has built agent swarms based on generative AI models with outcome based payment model in life science R&D. Contact Info: Name: Xing Li Email: Send Email Organization: Deep Intelligent Pharma Website: Release ID: 89160572 Should you identify any discrepancies, concerns, or inaccuracies in the content provided in this press release or require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team is committed to addressing your concerns within 8 hours by taking necessary actions to resolve identified issues diligently or guiding you through the necessary steps for removal. Our dedication lies in providing accurate and reliable information.
India Today
22-05-2025
- Business
- India Today
Govt will now decline UPI transactions to certain numbers, here is what you should know
The Indian government will now block UPI transactions initiated towards certain mobile numbers. The Department of Telecommunications (DoT) on Wednesday launched a new Financial Fraud Risk Indicator (FRI). This service will analyse mobile numbers and block transactions to numbers flagged as high-risk. According to the government, this new tool is designed to proactively detect and prevent financial crimes in the DoT says that the new FRI system is part of its broader Digital Intelligence Platform (DIP), aimed at creating a secure digital ecosystem for financial transactions. The primary objective of the FRI is said to be assisting banks, non-banking financial companies (NBFCs), and UPI service providers — including major players like PhonePe, Paytm, and Google Pay — in identifying risky transactions before they are completed. Notably, these platforms together manage over 90 per cent of the UPI transaction volume in will the Financial Fraud Risk Indicator work?The DoT explains that the FRI system will flag mobile numbers that have been reported or linked to cybercrime, failed verification processes, or regulatory breaches. It will then categorise these suspicious numbers into three levels of risk: Medium, High, and Very High. DOT explains that this categorisation of the mobile numbers will be done using data from the National Cybercrime Reporting Portal (NCRP), the DoT's Chakshu platform, and intelligence inputs from banks and other financial entities. This risk profile is shared in near real-time with stakeholders, allowing them to respond If a user attempts to transfer money to a mobile number tagged as 'Very High Risk,' the UPI app will automatically block the transaction and display a warning alert. Meanwhile, for numbers tagged as Medium risk, users will be shown a cautionary notification and may be asked to confirm the transaction platform is also introducing similar protective measures, such as delaying flagged transactions and prompting users for additional the FRI initiative comes at a time when cyber fraud incidents are rampant in India. Fraudsters are using different ways to trick people and often use newly activated SIM cards to run scams, deactivating them soon after, making it difficult for law enforcement to trace them in time. To counter this, the DoT's Digital Intelligence Unit (DIU) is also maintaining a Mobile Number Revocation List (MNRL). This data is said to be shared with financial institutions and includes numbers that have been disconnected for fraud-related say that as the lifespan of fraudulent mobile numbers is typically short, early detection is crucial. A number flagged by one platform can now be assessed and blocked across multiple UPI apps almost immediately.
