Latest news with #MohammedBinRashid
Zawya
a day ago
- Business
- Zawya
MBRHE resumes marketing platforms with 'Our Joyful Summer' event at Arabian Center
Dubai – The Mohammed Bin Rashid Housing Establishment (MBRHE) has announced the resumption of its marketing platforms through the 'Our Joyful Summer' event, held at the Arabian Center Mall, following a temporary two-month pause. The event spanned three consecutive days and witnessed notable engagement from visitors. This initiative aims to enhance direct communication with the community, raise awareness about the Establishment's housing services and projects, and respond to customers' inquiries while providing the necessary guidance regarding procedures and applications. The event also featured activities tailored for all family members, reflecting MBRHE's commitment to supporting family stability and promoting public awareness of sustainable housing services—aligned with the objectives of the 'Year of the Community' and the Establishment's strategy for proactive service delivery. As part of its ongoing efforts, the Mohammed Bin Rashid Housing Establishment affirmed its commitment to expanding community engagement through interactive platforms that reflect its vision of enhancing citizen happiness and delivering innovative housing services that meet the aspirations of Emirati families. MBRHE is currently preparing to launch its upcoming platform titled 'Back to School,' coinciding with the start of the new academic year. The event will highlight a range of services and facilities aimed at supporting Emirati families during this important period. These marketing initiatives are part of the Establishment's broader plan to organize monthly events at various shopping centers, with the goal of strengthening positive community interaction and supporting initiatives that promote social cohesion and housing stability. For more information, please visit the official website: About Mohammed Bin Rashid Housing Establishment: The Mohammed Bin Rashid Housing Establishment is a government entity committed to delivering proactive and sustainable housing services to UAE nationals through flexible policies and strategic partnerships, driven by innovation and digital transformation in line with Dubai's future vision. Media Inquiries: Khalid Mohammed Al Bannai, Head of Communication, MBRHE Email: kalbannai@ Ghada Yousuf Abdullah, Communication Specialist, MBRHE Email: gabdulla@
Zawya
a day ago
- Business
- Zawya
DIFC records best ever performance for the first half of a year
Maktoum bin Mohammed: The unprecedented results achieved by DIFC reflect Mohammed bin Rashid's vision to position Dubai at the forefront of the world's most advanced financial centres 'Dubai has entered a new and greater phase of growth, and these results highlight the competitiveness, attractiveness, and global confidence it enjoys' 'We believe the future holds even greater opportunities, and we will continue to strengthen DIFC's capabilities and its ecosystems that foster innovation, agility, and business growth' Essa Kazim: DIFC is a key driver of Dubai's economic growth through its pivotal role in diversifying the financial services sector Arif Amiri: The outstanding performance reflects the strength of DIFC's integrated ecosystem supporting the financial industry 1,081 new active registered companies join DIFC in the first half of 2025, marking a 32% increase from the same period in 2024 Total number of active registered companies rise to 7,700, reflecting an annual growth rate of 25% Total number of financial services authorisations grows by 28% year-on-year. Hedge funds see remarkable growth of 72% since June 2024, rising to 85 funds, further solidifying DIFC's position as the region's largest hub for the sector Number of companies in the AI, fintech, and innovation sectors reach 1,388, a 28% year-on-year increase, reinforcing DIFC's status as a global leader in financial innovation Government of Dubai Media Office: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA), today announced its best-ever performance for the first half of a year, reinforcing its pivotal role in driving the future of finance and contributing to the Dubai Economic Agenda D33. In the first six months of 2025, DIFC saw a record number of new firms establishing operations in the Centre, bringing the total number of active registered companies to 7,700, up from 6,153 in H1 2024 - a 25% year-on-year increase. 1,081 new active registered companies joined DIFC between January and June 2025, a 32% increase on the same period in 2024. The number of professionals working in DIFC rose to 47,901, marking a significant 9% increase from 43,787 a year earlier. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC said: 'The unprecedented results that DIFC continues to achieve across all fronts are a direct reflection of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai - a vision focused on positioning Dubai at the forefront of the world's most advanced financial centres. Dubai has entered a new and greater phase of growth, and these results highlight the competitiveness, attractiveness, and global confidence it enjoys. We firmly believe the future holds even more opportunities, and we will continue to strengthen DIFC's capabilities and its ecosystems that foster innovation, agility, and business growth.' A global leader in financial services Driven by DIFC's strategic initiatives and unmatched scale in the region across all sectors, Dubai has been categorised as one of only eight cities globally to possess 'broad and deep' capabilities across all parts of the finance industry in the Global Financial Centres Index (GFCI), standing alongside cities like London, New York, and Paris. Dubai is currently the sole centre in the Middle East, Africa and South Asia to be listed among the top GFCI ranked financial cities globally in several sectors: FinTech (5th), professional services (6th), investment management (8th), infrastructure (9th) and business environment (10th). DIFC continues to advance its position as the region's largest regulated financial services ecosystem. A total of 980 entities are now regulated by the DFSA, the independent regulator for business undertaken from or within DIFC, up 17% year-on-year from 2024. Total Financial services authorisations grew 28% year-on-year, reaching 78 in H1 2025 compared to 61 in H1 2024. DIFC's banking and capital markets cluster is unrivalled in the region, and growth aligns with the demand for broad and deep financial services capabilities to support the region's economic development aspirations. A total of 289 companies operate in this sector, up from 247 a year ago, a substantial 17% growth rate. Dubai is home to the highest concentration of private wealth in any Middle Eastern city, according to Henley & Partners. This has supported growth in DIFC's wealth and asset management cluster, which is the biggest in the region. The number of firms in the sector increased to 440, up from 370 in H1 2024, growing 19% year-on-year. The Centre is now home to more than 85 hedge funds, soaring 72% over the last 12 months and includes 69 billion-dollar funds. Over 10,000 funds are being managed or marketed from DIFC. DIFC's approach to supporting family businesses, including providing access to alternative investments through its wealth and asset management clients, and structures to support growth, continues to ensure the Centre is their preferred location. The number of entities associated with family businesses operating in DIFC has risen to 1,035, up from 600 a year ago, marking a 73% increase. The number of foundations in DIFC have accelerated to 842, up from 548 in H1 2024, a 54% year-on-year increase. The insurance and reinsurance sector also experienced robust growth, with 135 related firms now operating in the ecosystem, increasing 8% from 125 in H1 2024. During the first half of 2025, it was announced that Gross written premiums reached USD 3.5bn for 2024, compared to USD 2.6bn a year earlier – a significant 35% increase. New entrants to DIFC's expanding client base during H1 2025 include ABK Capital, Avaloq, Baron Capital, Bluecrest Capital, Bridge Investment Group, Cambridge Associates, China International Capital Corporation, dLocal, Manulife, National Bank of Kuwait, Pearl Diver Capital, PIMCO, RV Capital, Silver Point Capital, Tourmaline, TransAmerica Life Bermuda, Welwing Capital Management and many others. H.E. Essa Kazim, Governor of DIFC said: 'DIFC remains the driving force behind Dubai's economic growth, as a key enabler of the financial services sector's expansion and diversification. Our consistent performance across all key sectors and rising global standing are evidence of our commitment to supporting innovation, attracting global capital, and reinforcing Dubai's status as one of the world's most competitive and diversified economies.' Arif Amiri, Chief Executive Officer of DIFC Authority commented: 'In the first half of 2025, DIFC has exceeded expectations across every metric. Our strong performance demonstrates the power of our ecosystem, the scale of our platform, and the depth of expertise we bring to the industry. We remain committed to transforming the future of finance from Dubai and advancing our position as the region's number one global financial centre.' A global leader in AI, FinTech and innovation DIFC's innovation ecosystem continued to attract a growing number of technology-led firms. The number of FinTech and Innovation companies reached 1,388, up from 1,081 in H1 2024 a surge of 28%, securing Dubai's position a one of the world's top five hubs for FinTech in the latest Global Financial Centres Index. During H1 2025, this contributed to an overall 28% growth in total active non-financial entities, increasing to 6,335, up from 4,935 a year earlier. The Centre's flagship events, the Dubai AI Festival and Dubai FinTech Summit, collectively attracted over 20,000 participants from 120+ countries. During these events and in support of DIFC's innovation agenda, the Dubai AI Academy was launched, and Dubai Future Finance Week was announced. Being held in May 2026, the week will bring together six major events, including the FinTech Summit, Future Sustainability Forum, and the Dubai Future District Fund AGM. Having launched Ignyte at the end of 2024, a growth platform targeting 100,000 founders, start-ups, and investors subscribers have already redeemed benefits exceeding AED 182mn. This reflects Ignyte's real economic benefit and demonstrates how the platform is an enabler for growth. A global hub for talent Supporting the objectives of Dubai's Education Strategy 2033 and the Dubai Economic Agenda D33, the DIFC Academy has become a preferred choice for world-class universities. Amongst DIFC's partners, renowned universities including American University of Cairo, ESCP Business School, ESSEC Business School, Georgetown University, London Business School, Pantheon Assas University and SKEMA Business School offer 12 masters degree programmes. Through 32 active partners, 46,103 learners have completed programmes at the DIFC Academy since inception, including 4,947 during H1 2025 – the highest ever number in a six month period. To drive long-term impact, DIFC has launched the '1 Million Learners' initiative with the support of 30 founding partners, under the Sustainable Finance Catalyst, which aims to equip one million individuals with sustainability knowledge by 2030. The initiative builds on the demand for sustainability related training at the DIFC Academy which has delivered 6,075 hours of related learning in H1 2025, taking the total programming to 22,241 hours from 42 courses. A global leader in legislation, regulation and governance DIFC's legal and regulatory frameworks continued to evolve to keep pace with global developments. DIFC's legal framework features bespoke, best-in-class legislation, developed from leading international sources and standards to most effectively meet the needs of an international financial centre. This is complemented by a robust system of DIFC common law, with its substantial body of developed jurisprudence. This combination delivers an optimal balance of legal certainty, commercial flexibility, and judicial sophistication - positioning DIFC as the jurisdiction of choice for businesses across the region and globally. During the first half of 2025, the Centre proposed to enact new Variable Capital Company Regulations. The proposed regulations seek to significantly enhance investment structuring and asset management options for proprietary investment in DIFC. Additionally, legal updates were proposed through the DIFC Laws Amendment Law, including refinements to the Law of Security, Insolvency Law and Employment Law, ensuring alignment with international standards. In a milestone achievement underscoring Dubai's growing influence in global governance, DIFC was selected to host the upcoming Global Privacy Assembly 2026, the premier global forum for data protection and privacy authorities. A global leader in real estate and urban development DIFC's real estate portfolio continues to support Dubai's urban development ambitions. Inventory that was provided to the market for the recently launched DIFC Heights, sold out in three days, underscoring strong demand for premium living in the financial district. Over 1.6mn sq. ft. of commercial space is currently under development and construction being accelerated to meet demand. The new space will be ready for occupancy starting from Q1 next year. DIFC also launched a new data platform enabling third-party access to real estate information, aligning with the Dubai Real Estate Strategy 2033.
Emirates 24/7
21-07-2025
- Business
- Emirates 24/7
DEWA is the first utility in the region to win the Energy Infrastructure Award at the Global Platts Energy Awards
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) has received the certificate for the Energy Infrastructure Award, which DEWA won at the prestigious 2024 S&P Global Platts Energy Awards for the Mohammed bin Rashid Al Maktoum Solar Park. Outperforming 1,000 leading companies that applied for this global honour, DEWA is the first utility in the Middle East and North Africa to receive this award. The Platts Global Energy Awards, presented by S&P Global Commodity Insights, are a prestigious annual event recognising excellence in the energy industry. Often called the 'Oscars of the energy industry,' they acknowledge individuals and corporations for their achievements in innovation, leadership, and contributions to shaping the future of the energy sector. The awards cover various categories, including sustainability, innovation, energy infrastructure, and technology, and have been presented since 1999, drawing participation from leading global energy companies and innovators. 'Guided by the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, excellence has become a genuine and continuous approach in the UAE. Based on this proactive vision, and in line with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of energy production capacity from clean sources by 2050, we look forward to broader horizons of leadership and innovation. We continue to strengthen our preparedness for the future and advance the sustainability of our robust, integrated infrastructure – ensuring it can meet the ambitions of both current and future generations while keeping pace with Dubai's flourishing urban and demographic growth. Receiving the Energy Infrastructure Award at the esteemed 2024 S&P Global Platts Energy Awards underscores DEWA's pioneering role in innovation and renewable and clean energy. This achievement is a testament to the tireless dedication and hardwork of DEWA's entire team,' said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world, using the independent power producer (IPP) model. DEWA aims to increase the solar park's planned production capacity to 7,260 megawatts (MW) by 2030. Its current production capacity stands at 3,860MW, using photovoltaic solar panels and concentrated solar power (CSP) technologies. The fourth phase of the solar park has also set four Guinness World Records.
Associated Press
21-07-2025
- Business
- Associated Press
i-ESG Selected for UAE's MBRIF Innovation Accelerator Program
Accelerating Market Entry in the Middle East with Federal Innovation Support SEOUL, SOUTH KOREA, July 21, 2025 / / -- i-ESG, a company specializing in AI-powered ESG data solutions, announced on June 25 that it has been selected to join the MBRIF Innovation Accelerator, a UAE federal program designed to support high-potential innovators from around the world. Launched in 2018, the MBRIF Innovation Accelerator is a flagship initiative under the Mohammed Bin Rashid Innovation Fund (MBRIF), established by the UAE Ministry of Finance to foster innovation across key sectors. The program empowers innovators to unlock their full potential and scale their businesses in alignment with the UAE's National Innovation Strategy. Selected companies benefit from tailored business support, including expert mentorship, market access facilitation, industry networking, and strategic growth planning. Participants also receive specialized training and access to advanced resources. All program offerings are designed to enhance participants' capabilities, accelerate their growth, and help them achieve regional and global expansion goals. i-ESG was selected through a rigorous evaluation process conducted by MBRIF's Independent Innovation Committee, comprising sector specialists and innovation leaders. The company was particularly recognized for its innovative approach to addressing the confusion faced by companies due to the lack of unified global ESG standards. By aggregating and analyzing data from various international ESG frameworks, rating standards, and corporate disclosures, i-ESG transforms this intelligence into proprietary AI-powered digital solutions designed for ESG applications. This selection underscores the UAE government's recognition of i-ESG's technological innovation and its potential to scale globally. As demand for ESG transparency and compliance continues to grow across the Middle East, i-ESG's solutions are expected to play a key role in supporting organizations through the ESG transition. Bell Jongwoong Kim, CEO of i-ESG, commented: 'It is a great honor to be part of one of the most prestigious innovation programs in the Middle East. This milestone marks the beginning of our strategic entry into the region, and we are committed to scaling i-ESG's impact across the UAE and beyond.' A UN Global Compact participant and a certified B Corporation, i-ESG is globally recognized for its leadership in ESG innovation. The company aims to empower businesses with ESG insights and tools aligned with global standards. Participation in the MBRIF program will support i-ESG's mission to become a global leader in ESG data intelligence and enterprise sustainability solutions. Best Choi i-ESG +82232114374 ext. [email protected] Visit us on social media: LinkedIn Facebook YouTube Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
TECHx
15-07-2025
- Health
- TECHx
Mohammed Bin Rashid Meets MBRU's Top Graduates
Home » Smart Sectors » Healthcare » Mohammed Bin Rashid Meets MBRU's Top Graduates His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met today with the top-performing graduates of the Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU). The meeting took place at the historic Union House in Dubai. His Highness congratulated the graduates on their achievements and praised their dedication and scientific excellence. He emphasized that these values reflect the founding principles of the University and align with the UAE's continuous pursuit of excellence in education and healthcare. Sheikh Mohammed highlighted the importance of nurturing talented individuals capable of shaping the future of medicine and scientific research in the region. He noted that the graduates represent key pillars of the UAE's vision to build a world-class academic and healthcare ecosystem. His Highness stated, 'We take pride in these achievements, which form part of the broader success story the nation is building. This academic excellence stands as a testament to the UAE's ability to shape the future by nurturing exceptional minds across vital sectors.' He also described MBRU as a beacon of modern knowledge and a hub for innovation in the healthcare sector. The university, he said, plays a crucial role in preparing future leaders in medicine and scientific research, in line with the UAE's vision to become a global knowledge and healthcare centre. The meeting was attended by: H.E. Dr. Raja Easa Al Gurg, Member of the Dubai Health Board and Chairperson of the MBRU Council H.E. Dr. Alawi Alsheikh-Ali, Director General of the Dubai Health Authority H.E. Dr. Amer Sharif, CEO of Dubai Health and President of MBRU Dr. Hanan Al Suwaidi, Acting Chief Academic Officer of Dubai Health and Provost of MBRU Members of the MBRU Council The 2025 graduating class includes 164 students from 30 nationalities. Among them are 129 female graduates, including 52 Emiratis.
