Latest news with #UAE-based
Web Release
7 hours ago
- Business
- Web Release
High-Level Delegation from Senegal visits Alef Education Headquarters in Abu Dhabi to Discuss Collaboration in Digital Education
Alef Education, a UAE-based global leader in education technology, hosted a high-level delegation from the Republic of Senegal at its headquarters in Abu Dhabi, marking a significant step toward deepening collaboration, fostering knowledge exchange, and showcasing the company's leading projects and innovative solutions in the education sector. The visit builds on the momentum of the previous visit by H.E. Bassirou Diomaye Faye, President of Senegal, to Alef Education's headquarters. This milestone event set the stage for a robust bilateral partnership and reflected a shared commitment to reimagining the future of education through innovation and strategic cooperation. Dr. Aishah Al Yammahi, Strategic Advisor at Alef Education, said: 'This visit marks a significant step in advancing bilateral collaboration and unlocking new opportunities. Senegal's renewed trust in Alef Education, driven by its commitment to educational reform and innovation, is both humbling and inspiring. It motivates us to continue our mission of delivering meaningful, tech-enabled learning experiences that benefit not only today's students but future generations as well.' Delegation members expressed their appreciation for the visit, noting that it served as a platform to consolidate and expand areas of bilateral partnership. They emphasised the mutual dedication of both parties to advancing a future-ready, technology-driven education system that empowers learners and educators. The delegation was given a detailed presentation of Alef Education's portfolio of AI-powered innovative products and services, including smart assessment tools with precision analytics, adaptive learning systems tailored to individual student needs, and professional development programs designed to equip educators with digital-age competencies.
Mint
8 hours ago
- Business
- Mint
Temasek backed Cloudnine leads race to acquire ART Fertility for $400 mn
Mumbai: Temasek-backed Cloudnine Hospitals is leading the race to acquire Art Fertility, a UAE-based IVF treatment chain, signalling a growing interest among financial and strategic investors for single-specialty healthcare companies. The deal, valuing Art Fertility at $400 million, has also seen interest from IVI, a European strategic investor, four people with knowledge of the development said on the condition of anonymity. 'The binding bids have come in. There are two final bidders. Cloudnine is likely the frontrunner," the first person cited above said. The deal will give existing investor Gulf Capital an exit. Also read: Temasek, ADIA race to invest up to $300mn in medical equipment firm Micro Life 'Temasek is expected to double down on its investment in Cloudnine to help the company fund the acquisition," the people cited above said. 'The acquisition involves ART Fertility's entire business, comprising Middle Eastern and Indian divisions." Investment bank Moelis & Co. is running the mandate for the transaction. While spokespersons for Temasek and Moelis declined to comment, queries emailed to Cloudnine, ART Fertility and Gulf Capital did not elicit any response. Temasek's new capital infusion comes less than a year after the Singapore government's investment arm bought nearly a 20% stake in Bengaluru-based Cloudnine for around $125 million. The deal, which valued the specialist mother and baby care hospital at around $600 million, gave early-stage venture capital firm Peak XV an exit from the company after 11 years. Founded in 2006 by Dr. R Kishore Kumar, Rohit M.A., M. Ramachandra and Vidya Kumar, Cloudnine is a chain of super-specialty hospitals catering to fertility, maternity care, gynaecology, paediatrics, neonatology, baby care and stem cell banking. Currently, it has 34 centres across Indian cities, including Bengaluru, Delhi, Mumbai, Pune, Chennai, Gurgaon, Ludhiana and Chandigarh. Twelve of the centres are in Bengaluru. Also read: Bain held on to Emcure after the IPO. Here's what's next. ART Fertility was established as an extension to IVI RMA Global, a company focused on assisted reproduction technology (ART), in 2015 under the brand name IVI Middle East. About five years later, Gulf Capital bought IVI RMA's stake and rebranded the company to ART Fertility. For Cloudnine, the acquisition comes at a time when it's realigning its cap table ahead of a public listing that is expected later this year. This would be the hospital chain's second attempt at an initial public offering (IPO). In 2022, it had filed draft papers for a ₹1,200 crore IPO. Cloudnine will leverage ART Fertility's presence in Abu Dhabi, Al Ain and Dubai, alongside 11 clinics across India in cities including Delhi, Chennai, Mumbai and Ahmedabad. Its clinics have seen a swift expansion to become one of the leading players in the Middle East and the Indian subcontinent, with plans to extend services further across the globe, Gulf Capital said in a statement in November 2023. Kids Clinic India Ltd, which operates Cloudnine, reported a consolidated revenue of $145.3 million in FY24 as compared with $119.8 million a year earlier. It narrowed its losses to $3.4 million from a loss of $5.3 million in FY23, according to data from Tracxn. Also read: Dialysis chain NephroPlus engages bankers for a $200-250 mn IPO ICRA noted last year that Kids Clinic will benefit from healthy revenue growth on a steady ramp-up at the existing centres and improving revenue share from new centres. The diversification of its presence across various parts of northern, western and southern India, coupled with plans to set up more units in metros and tier I cities, will also add to its growth. With continuous expansion in recent years resulting in a sizable loss from new centres, its return on capital employed (ROCE) has been low in FY23 and FY24, ICRA said in the note. However, a robust scale of operations, gradual improvement in profit margins of new centres and stable margins of existing areas will support the improvement in ROCE over the medium term, the credit rating firm said.
TECHx
14 hours ago
- Business
- TECHx
Masdar City Launches 24/7 Support and MasdarCom
Home » Smart Cities » Masdar City Launches 24/7 Support and MasdarCom Masdar City Free Zone has announced a major advancement in its business service offerings. It has become the first Free Zone in the UAE to introduce both a 24/7 customer support centre and a new digital platform, MasdarCom. These developments align with the UAE's digital transformation goals and Abu Dhabi's Economic Vision 2030. They also reflect Masdar City's commitment to innovation and support for its business community. MasdarCom is a community-driven digital ecosystem. It is designed to connect companies within Masdar City. The platform allows businesses to promote their services, collaborate with others, and manage transactions through a single, centralised interface. In addition, MasdarCom will be accessible to global users. This is expected to boost the international visibility of UAE-based enterprises. Alongside the platform, Masdar City Free Zone revealed its new 24/7 Customer Support Centre. It is the first of its kind in any UAE Free Zone. The support centre will assist tenants via phone, email, Microsoft Teams, and self-service kiosks. Key services include licensing, visa processing, and payments. Ahmed Baghoum, CEO of Masdar City, stated that MasdarCom is more than a platform. He described it as a transformative step in Free Zone support. According to Baghoum, the launch ensures businesses have the tools, access, and help they need at any time. He said this move positions Masdar City as a connected and future-focused business hub. During the announcement event, two new Memoranda of Understanding (MoUs) were signed: The first, with Emirates NBD, aims to simplify banking for businesses in the Free Zone and support joint initiatives. The second, with Torry Harris Business Solutions, sets a framework for co-marketing efforts and digital tool integration for SMEs and entrepreneurs. The event included a Town Hall attended by government officials, industry leaders, and strategic partners. Discussions covered Abu Dhabi's role in the global economy and how Masdar City Free Zone supports sustainable, innovation-led growth. Panelists featured representatives from ADIO, ADRA, Emirates NBD, Cell Lab 7, and The Catalyst.
Filipino Times
17 hours ago
- Business
- Filipino Times
PTIC, PBC DNE, and DMJ Ecospace collaborate for VIP networking dinner with Design Philippines delegates in Dubai
In a bid to strengthen the presence of Filipino design in the UAE's construction and interiors industry, the Philippine Trade and Investment Center (PTIC) and Philippine Business Council Dubai & Northern Emirates (PBC DNE), in collaboration with DMJ Ecospace, hosted a VIP Premier Networking Dinner featuring the Design Philippines delegation. The gathering took place on May 28, 2025, at Salties Aloft Hotel in Deira, Dubai. The event welcomed an esteemed roster of guests from both the Philippine government and the UAE-based business community, including Consul General Marford Angeles, Vice Consul Aleah, PTIC Commissioner Vichael Roaring, and Ms. Marjo Evio, Head of Delegation from CITEM. Also in attendance were renowned Filipino designer and curator Mr. Ito Kish and distinguished personalities Ms. Natasha Carella and Ms. Bobby Carella, who extended an invitation for Design Philippines to participate in Downtown Design 2025. The evening brought together a select group of developers, architects, consultants, procurement heads, interior designers, and contractors. It served as a platform for the Design Philippines delegates to understand the UAE market, build strategic connections, and share their brand stories and product innovations with key industry stakeholders. One of the most memorable moments of the night was a tribute to Mr. Wajih Nakkash, Founder of Nakkash Gallery, a pioneer in bringing premium Philippine-made furniture to the region. His daughter, Ms. Aya Nakkash, who now leads Nakkash Contracts, was also recognized. Ms. Marilou Lorenzo Joson, Managing Director of DMJ Ecospace, expressed heartfelt gratitude to her former mentor and the Nakkash family, whom she worked with for 19 years. Guests were introduced to ten outstanding Design Philippines companies that showcased their world-class craftsmanship and creativity. These included Arksmith, Aerostone, 51 All Weather Furniture, Red Slab Pottery, Prizmic & Brill, South Sea Veneer, Studio Moodism, Uratex, Mindanao Pearl, and Kit Silver. Their displays featured a wide range of products—ranging from furniture and ceramics to home accents and design materials—highlighting the innovation and artistry of Filipino makers. Adding further insight to the evening was a keynote from Mr. Randip Dhingra, Founder of World Bazaar Luxury Outdoor, who shared valuable strategies on curating and sustaining a successful luxury multi-brand showroom in Dubai. Over 30 companies from the UAE design and construction industry were in attendance, including Moma International Design, Godwin Austen Johnson, NEB, WA Interiors, XBD Collectives, The Parker Company, 1508 London, Monarca International, Play Middle East, and TAG 91.1, among others. Their presence underscored a strong and growing interest in Filipino creativity and collaborative opportunities within the region.
Yahoo
21 hours ago
- Business
- Yahoo
A Surge In Value Of 70% In 4 Years Sees Wall Street Running To Invest In Dubai Real Estate
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dubai's real estate market has been on a roll recently, with property values increasing by 70% in four years. This has caught the attention of Wall Street, and now, Bloomberg reports, some of New York's biggest investment banks want a piece of the action. According to Bloomberg, Brookfield is considering developing a mixed-use community in the Dubai Hills neighborhood, its first investment in the area. Goldman Sachs (NYSE:GS) and Asia-based asset manager Hillhouse Investment have already invested heavily in Dubai real estate. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Dubai's luxury residential market is renowned for its celebrity clientele. However, recently, the city's commercial sector has been making headlines. In the last two years, there have been eight office building sales, Bloomberg reports, more than in the prior decade. Hotel transactions have been equally as prolific, with real estate consultancy Knight Frank reporting 15 sales occurring over the last 30 months. "The past two years have been busier for us than the whole previous decade on the capital market side," Andrew Love, head of capital markets and commercial agency at Knight Frank, told Bloomberg. "Demand is growing from overseas buyers who are coming in search of better returns and lower taxes." Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Like many major cities, Dubai's real estate market has been on a roller coaster recently. Overbuilding before the financial crash of 2008 led to expat residents escaping the city once they could no longer afford the payments on their debts, Bloomberg says. However, Dubai real estate has been on a tear since the pandemic. The city opened before many other metro areas that were still in lockdown, attracting well-heeled investors to its sunny shores. The city has also benefited from the fallout of the war in Ukraine, with many oligarchs looking to shield cash from sanctions and international governments, Bloomberg reported. Financial firms are also drawn to Dubai's low taxes and central global position. Brookfield began tentatively exploring the Dubai market in 2020 when the company's asset manager and its partner, Investment Corp. of Dubai, opened Dubai's largest office tower, ICD Brookfield Place, Bloomberg says. It quickly filled, garnering the highest rents in the city, allowing Brookfield to sell 49% of its share in the tower in a deal that saw the building valued at $1.5 investors, such as Singapore's Mapletree Investments, are looking to invest around $2 billion, and Goldman Sachs has invested $25 million into hotelier Sunset Hospitality Group. UAE-based investors have also been at the forefront of new construction; Aldar Properties—the city's biggest listed developer—raised $500 million from Apollo Global Management (NYSE:APO), bringing Apollo's total investment to $1.9 billion since 2022, Bloomberg says. There is a shortage of existing cash-flowing buildings for foreign investors to buy in Dubai, as most are owned by wealthy Emirati families or government entities. "The institutional money wants to be here and is starting to arrive, but the challenge is stock to sell," Knight Frank's Love told Bloomberg. "Most of the offices have been built by government and semi-government entities," he added, explaining that the "lack of Grade A buildings to acquire means there is a lack of market depth, which an institution requires to make it worth their while to enter the market." Read Next: Invest Where It Hurts — And Help Millions Heal: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article A Surge In Value Of 70% In 4 Years Sees Wall Street Running To Invest In Dubai Real Estate originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
