Latest news with #DMT
Khaleej Times
10 hours ago
- Business
- Khaleej Times
Abu Dhabi inspects illegal partitions, explores affordable housing for residents
Abu Dhabi authorities have stepped up efforts to prevent overcrowded and illegally divided villas, echoing concerns that came to the fore in Dubai last month following a city-wide clampdown on unauthorised accommodations. While routine inspections and stricter enforcement are already in place, the Department of Municipalities and Transport (DMT) says it is also exploring long-term solutions that would make affordable housing more accessible to lower-income residents — including the potential refurbishment of older buildings and the reclassification of existing units for regulated shared use. 'As Abu Dhabi's population continues to grow, ensuring access to affordable, quality housing remains a key priority,' said Mohamed Almaazmi, Advisor at DMT. 'Efforts have been made to introduce a broader mix of housing options that cater to different income segments, including low- and middle-income residents.' Among the government's key initiatives is the Value Housing Programme, which encourages the development of reasonably priced units — from studios to larger apartments, within well-connected communities. The programme is part of the capital's preparation for an expected population increase of more than two million residents by 2040. In recent weeks, increased attention has been paid to unregulated subletting practices that have surfaced in older villas and apartments, particularly in densely populated neighbourhoods. 'Common issues include unauthorised subletting and rental arrangements conducted outside official channels,' Almaazmi said. 'In particular, some accommodations are found to be leased through informal agreements that are not registered within the approved tenancy contract system, Tawtheeq.' The municipality is carrying out regular inspections and has rolled out public awareness campaigns such as 'your home, your responsibility ', urging landlords and tenants alike to formalise all rental agreements. Penalties for non-compliance can include fines and the suspension of access to tenancy registration services. However, Almaazmi noted that the department is 'open to a range of solutions that support varying housing needs beyond new construction alone". This includes the possible reclassification of older properties for legal shared use, provided safety and regulatory standards are met. 'Existing buildings may be eligible for reclassification through established channels,' he said. 'At the same time, opportunities to encourage the refurbishment of older properties are being explored as part of broader actions to expand the availability of affordable housing in a balanced and sustainable manner.' The approach suggests a more flexible stance than what has recently been observed in Dubai, where authorities have issued eviction notices to tenants occupying partitioned villas and other unauthorised conversions. In Abu Dhabi, housing violations are handled on a case-by-case basis. 'While compliance is essential, all cases are handled in a manner consistent with regulations and broader community welfare,' Almaazmi noted. Authorities are also working with private developers to boost investment in affordable housing and worker accommodations, aiming to reduce the need for informal or illegal arrangements. 'The broader objective is to support the development of well-integrated, sustainable communities and encourage more formal, accessible housing solutions over time,' he added.
Business Recorder
5 days ago
- Automotive
- Business Recorder
Yutong launches DMT, YEA technologies: Punjab govt promoting EVs for public mobility: minister
LAHORE: Punjab Minister for Transport and Mass Transit, Minister Bilal Akbar Khan has said the provincial government is promoting adoption of electric vehicles for public mobility to align with the government larger climate change mitigation policy. The minister was addressing a modern Dual Mode Transmission (DMT) & YEA Technology Launch Conference for commercial vehicles mainly the buses here on Thursday. He further said the public transport is rapidly transitioning towards electric mobility, marking a new era of sustainable transportation. Yutong Bus Co, a global leader in commercial vehicle manufacturing, successfully hosted the DMT & Yutong Electric Architecture (YEA) Technology Launch Conference in Lahore, marking a major advancement in Pakistan's public transport sector. Cao Ke, Deputy Consul General of china and other also participated in the event. A contract signing was also held at the conference between Wah Industries Limited (WIL) and Youtong- a world's largest buses manufacturer based in China for procurement of 400 state-of-the-art Yutong Electric buses — a significant step toward modernizing Pakistan's transport infrastructure. The event gathered key stakeholders from government departments, the transport industry, and private operators to witness the launch of Dual Mode Transmission (DMT) and Yutong Electric Architecture (YEA) — two next-generation technologies aimed at enhancing consumption efficiency, reducing emissions, and enabling smarter mobility. Following the successful introduction of electric buses in the province, Minister Bilal Akbar Khan said a policy has devised a plan to launch the province's first-ever electric taxi service. He said that in the first phase, 1,100 electric vehicles will be provided on interest-free loan and easy installments for the e-taxi project. He said that to support the EV transition, charging stations are being established across the province. The minister stressed the need for a well-structured policy that prioritises public interest, encouraging people to shift from petrol and diesel vehicles to electric alternatives. The minister highlighted that the widespread adoption of EVs would not only lead to fuel savings but also play a crucial role in combating smog and reducing air pollution across Punjab. In his keynote, Robin Shen, CEO of Yutong Middle East, highlighted the company's long-standing commitment to Pakistan and its focus on delivering innovation-driven, localized solutions. Paul Zhang, Managing Director of Yutong Pakistan, presented a deep dive into the features and benefits of DMT and YEA, emphasizing their role in improving performance and supporting sustainable transportation. A unique feature of the event was the 'Green Commitment Tree' — an interactive booth where participants signed symbolic leaves pledging their support for sustainable mobility. This initiative reflected Yutong's global commitment to environmental responsibility and green innovation. The ceremony concluded with a walkaround of Yutong's latest bus models, media engagements, and a networking hi-tea. With over 70% market share in Pakistan's premium intercity bus segment and leadership in electric and hybrid solutions, Yutong continues to lead the transformation of Pakistan's transport ecosystem toward a cleaner, smarter, and more efficient future. Copyright Business Recorder, 2025
Daily Mail
5 days ago
- Science
- Daily Mail
Users of psychedelic drugs say aliens live among us and they've met ‘machine elves' with a dark side
Users of a naturally occurring psychedelic drugs are convinced they've encountered real alien beings, including 'machine elves,' which inhabit a realm beyond our Earth. These machine elves, described as chattering, mischievous entities, consistently appear in the visions of those who take DMT, which one neuroscientist suggested could mean users are actually entering a shared alien reality. DMT (or N,N-Dimethyltryptamine) is present in thousands of plants, including ayahuasca, which is used in religious ceremonies, but is also present in small amounts within the human body. Dr Andrew Gallimore, who has a PhD was in biological chemistry and has studied computational neuroscience, said he encountered these beings first hand after being transported to a hyper-dimensional world teeming with intelligent lifeforms. Unlike earthly creatures, these beings - ranging from insectoids to God-like figures -seem to exist in a space that defies our three-dimensional understanding. Gallimore's encounters with these alien intelligences have convinced him that they are not mere drug hallucinations but may represent a genuine presence accessible through DMT. The consistency of these visions among DMT users, where no human or animal forms appear, has raised profound questions about whether these aliens are already here, embedded in an unseen dimension. Gallimore added that DMT may act as a key, unlocking this hidden world where these advanced intelligences await, potentially holding answers to their purpose on Earth. With most psychedelic drugs, such as LSD, people's experiences are very different each time, unlike the reported experiences of those on DMT, where there are strange similarities. Dr Gallimore described his first trip on the drug, having put a small amount of powder in a glass pipe and smoked it. 'Within a few seconds, the normal waking world is obliterated and replaced with an entirely novel, what can only be described as alien reality, highly complex, hyper dimensional, quite abundantly and quite obviously populated, by extremely intelligent and advanced beings,' Gallimore described. The scientist added that the creatures he saw were 'non-human, non-animal beings' that were not from this world. He claimed that DMT differs from other drugs because, rather than altering reality, you find yourself in a new world, taken to an alien reality. Famous psychedelics researcher Terence McKenna described the drug as a 'reality channel switch.' Gallimore believes that one way to understand how psychedelics work is through computational models of the brain. According to the neuroscientist, taking drugs like DMT switches the brain to constructing an alternate waking world model, allowing it to access information it normally does not have. This differs from our 'normal' experiences of the world, which rely on the brain constructing a model of the environment using sensory information, such as sight, smell, and taste. In simpler terms, Gallimore doesn't think the drug is transporting people to another planet. Instead, it's allowing people to see what the normal range of human brain activity is unable to process - including beings living in other dimensions on Earth. 'You don't have to travel anywhere. I'm not saying your consciousness is going somewhere. All that's happening if you are interacting with some kind of alternate intelligence is the DMT has to somehow allow an alternate source of information to enter the brain,' Gallimore said. Gallimore added that in his many interviews and interactions with users of DMT, he has spoken to several people who have encountered the tiny 'machine elves.' 'Probably the most famous of all are these multitudinous, giggling machine elf type beings, and these very small creatures that operate in great numbers and are generally very lively, cheeky, jovial, mischievous,' Gallimore revealed. 'They sing impossible objects into existence. They speak in some kind of visible language,' he added. Meanwhile, the insectoid beings have a 'dark side,' seeming to perform 'psychic surgery' on some DMT users. Others creatures seemed 'more like Gods' according to the scientist. 'It's impossible to put into words, but beings that seem to be constructed from more than three dimensions, that are quite obviously, inordinately more complex than any other kind of intelligent being that you are ever going to encounter in this universe,' Gallimore described. In his book, Death By Astonishment: Confronting The Mystery Of The World's Strangest Drug,' Gallimore said that he does not know where these beings are, but has a sense that it is a realm that is trillions of years older than our universe, and the beings are billions of years more advanced than us. He said that the 'space' in which the entities are discovered feels like a 'higher dimensional structure,' as if someone who had lived in a two-dimensional world suddenly gained access to 3D space. Gallimore has now devoted himself full-time to researching the drug, and said that while there is a lot of academic work with DMT and brain imaging, many researchers are 'counter cultural'. He said that he hopes to one day fully understand 'where' the DMT experience takes people. 'We don't know the relationship between our universe and this place, whether it's parallel in some way, whether we are kind of a lower dimensional slice of some higher dimensional structure. We don't know where this place is or our relationship to it,' Gallimore admitted.
Yahoo
5 days ago
- Business
- Yahoo
Dwight Capital and Dwight Mortgage Trust Finance $446.8MM in June 2025
MIAMI, July 17, 2025--(BUSINESS WIRE)--Dwight Capital and its affiliate REIT, Dwight Mortgage Trust ("DMT"), closed $446.8 million in real estate financings in June. The largest transaction was a $230 million bridge loan financed by DMT to support the acquisition of a 19-property skilled nursing/assisted living portfolio located throughout Ohio. These facilities comprise a total of 1,896 beds. In conjunction with the bridge loan, Dwight Healthcare Funding provided a $12 million working capital line of credit to support the portfolio's ongoing operational needs. The $230 million financing marks DMT's largest bridge transaction to date, highlighting Dwight's strong presence in the healthcare lending space. It was originated by Adam Offman, Managing Director of Healthcare Finance, and Yossi Benish, Vice President of Business Development. Dwight Capital also closed a combined $61.9 million in two HUD 223(f) loans for Springs at Bettendorf, a 316-unit townhome-style community in Bettendorf, Iowa, and The Grove, a 118-unit luxury multifamily property in Saint Paul, Minnesota. Springs at Bettendorf is ENERGY STAR certified, and The Grove is GreenPoint Gold Rated, reflecting a commitment to environmentally sustainable design and energy efficiency. The loan proceeds from both loans will be used to retire existing debt, cover closing costs, complete repairs, and establish funds for future capital expenditures. Both loans were closed on behalf of repeat client, Continental Properties, based out of Menomonee Falls, WI. About Dwight Capital Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $13 billion. Our services encompass a wide range of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity. For more information about Dwight Capital, please visit: About Dwight Mortgage Trust Dwight Mortgage Trust LLC ("DMT" or the "Fund") is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes. DMT works in conjunction with affiliate firm Dwight Capital to source and evaluate lending opportunities nationwide. The Fund partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy. For more information about Dwight Mortgage Trust, please visit: View source version on Contacts For media inquiries, please contact: marketing@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
5 days ago
- Business
- Business Wire
Dwight Capital and Dwight Mortgage Trust Finance $446.8MM in June 2025
MIAMI--(BUSINESS WIRE)-- Dwight Capital and its affiliate REIT, Dwight Mortgage Trust ('DMT'), closed $446.8 million in real estate financings in June. The largest transaction was a $230 million bridge loan financed by DMT to support the acquisition of a 19-property skilled nursing/assisted living portfolio located throughout Ohio. These facilities comprise a total of 1,896 beds. In conjunction with the bridge loan, Dwight Healthcare Funding provided a $12 million working capital line of credit to support the portfolio's ongoing operational needs. The $230 million financing marks DMT's largest bridge transaction to date, highlighting Dwight's strong presence in the healthcare lending space. It was originated by Adam Offman, Managing Director of Healthcare Finance, and Yossi Benish, Vice President of Business Development. Dwight Capital also closed a combined $61.9 million in two HUD 223(f) loans for Springs at Bettendorf, a 316-unit townhome-style community in Bettendorf, Iowa, and The Grove, a 118-unit luxury multifamily property in Saint Paul, Minnesota. Springs at Bettendorf is ENERGY STAR certified, and The Grove is GreenPoint Gold Rated, reflecting a commitment to environmentally sustainable design and energy efficiency. The loan proceeds from both loans will be used to retire existing debt, cover closing costs, complete repairs, and establish funds for future capital expenditures. Both loans were closed on behalf of repeat client, Continental Properties, based out of Menomonee Falls, WI. About Dwight Capital Dwight Capital LLC is a leading commercial real estate finance company in the United States, with a loan servicing portfolio exceeding $13 billion. Our services encompass a wide range of commercial lending options, including Balance-Sheet Bridge & New Construction Loans, FHA/HUD Insured Loans, C-PACE Financing, Mezzanine Financing, and Preferred Equity. For more information about Dwight Capital, please visit: About Dwight Mortgage Trust Dwight Mortgage Trust LLC ('DMT' or the 'Fund') is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes. DMT works in conjunction with affiliate firm Dwight Capital to source and evaluate lending opportunities nationwide. The Fund partners with experienced sponsors on projects in major markets, focusing on investments with a clearly defined exit strategy.
