Leading Cryptocurrency, BONK, Named Presenting Partner for Baseball United’s Inaugural Season

 BONK will also serve as Presenting Partner for upcoming Arab Classic and Baseball United Cup events

(DUBAI, UAE) August 15, 2024 – Dubai-based Baseball United, the first professional baseball league focused on the Middle East and South Asia, announced BONK DAO, as the Official Presenting Partner for the league’s inaugural 2025 season. In addition to the first season, BONK will also serve as the Presenting Partner for Baseball United’s upcoming national team tournament, the Arab Classic, as well as the region’s first franchise tournament, The Baseball United Cup.

 

ADGM Continues Rapid Growth, Issues 1,271 New Licences in H1 2024: Assets Under Management Increase by 226%

• A surge of 226%in Assets Under Management was reported in H1 2024 compared to H1 2023.
• 112 asset and fund managers now operate in ADGM, managing 141 funds.
• The number of new licences grew by 20.5% compared to H1 2023.
• Workforce grew by over 2,500at the end of H1 2024 compared to the same period last year.
• ADGM Al Reem Island Expansion fuels a residential surge with the island’s occupancy rate reaching more than 92% at the end of June 2024.

Abu Dhabi, UAE, 14thAugust2024: ADGM, the international financial centre (IFC) of the UAE’s capital, continues its impressive growth trajectory, reporting exceptional performance in the first half of 2024. As the fastest-growing financial centre and the only jurisdiction with the direct application of the English Common Lawin the region, ADGM’s consistent achievements and strategic initiatives are a catalyst to the growth of Abu Dhabi’s financial sector growth.

GCC investors expected to spend more than $4bn in UK commercial property market annually: Bank of London and The Middle East report

 

• Falling interest rates, improved affordability to acquire assets and improved outlook for increased investment returns to drive GCC investor appetite
• Growing investment appetite for good quality and flexible assets with strong sustainability credentials seen as emerging trend
• Purpose-built student accommodation (PBSA) buildings experience rise in demand due to growing number of students form the Gulf region at British universities
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01 August 2024: Investment into UK commercial property by Gulf investors is expected to grow to more than $4bn (£3.1bn) annually, according to new research from Bank of London and The Middle East (BLME), a Sharia’a compliant bank based in London.

AURAK launches Advanced Technology and Artificial Intelligence Center, as AI set to become a dominant job creator

 A World Economic Forum survey reveals that half of the companies surveyed were keen to adopt AI to create jobs

Ras Al Khaimah, UAE, August 1, 2024: The American University of Ras Al Khaimah (AURAK) has launched the Advanced Technology and Artificial Intelligence Center(ATAIC), an innovative Information and Communications Technology (ICT) research center operating under the School of Engineering and Computing.  The launch of this center occurs against the backdrop of AI becoming the dominant job creator globally.

This is a significant development when viewed against the findings of the World Economic Forum’s Future of Jobs survey (2023) which revealed that nearly half (49%) of the companies surveyed were keen to adopt AI to create jobs, in contrast to the 23% of respondents who expect it to displace jobs.

 

Upcoming Acer Swift Series Laptops to Feature Models with New AMD Ryzen AI 300 Series Processors

Dubai – UAE (August1, 2024)Acer announced that its Swift series of thin-and-light laptops will feature models with the new AMD Ryzen™ AI 300 Series laptop processors, beginning in Q3 2024. Stacked with more CPU and GPU cores made available in this class of AMD-powered PCs, and equipped with an ultra-efficient NPU, the AMD processors come ready to deliver revolutionary speed and performance on Acer’s new wave of AI PC offerings. The new models will receive a free update to Copilot+ PC experiences[[i]]when available.

“AI is continuing to reshape our customers’ expectations for PCs across gaming, content creation, professional and everyday use,” said Jerry Kao, COO, Acer Inc. “With AMD, we are delivering more AI-enabled experiences to our customers with unprecedented power and performance. In the coming months, we are excited to announce new systems powered by AMD Ryzen AI 300 Series processors.”

Moro Hub Grants ‘Tensor Engine Cloud Services’ the Green Certificate for its Commitment to Sustainable Digital Transformation

The Green Certificate highlights the company’s significant contribution to reducing carbon emissionsin choosing Moro Hub’s Green Data Center for its IT workloads.

Dubai, UAE, 1August 2024:Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Tensor Engine Cloud Services L.L.C, a company specialized in artificial intelligence technologies in the field of cloud computing security and dedicated to innovation and sustainability. The Green Certificate was presented by Sultan Al Ali, Director, Digital Business at Moro Hub to Roman Konstantinov, CEO of Tensor Engine Cloud Services L.L.C.

Industry Stalwarts Join the Mentor Board of iAccel GBI

1st August 2024, Dubai, United Arab Emirates: iAccel Gulf Business Incubator (iAccel GBI), a leading go-to-market accelerator, proudly announces the formation of our Mentor Board. This board is currently comprising of Mr. Sivarama Subramanian, Mr. Bashar Kilani & Mr. Karl Tlais, who are industry leaders with over 25-30 years of robust experience in their respective domains, will guide iAccel GBI and its portfolio startups towards growth in the UAE and Middle East region.

Sivarama Subramanian, an alumnus of IIT-Madras and IIM-Ahmedabad, is a prominent figure in the banking sector across the UAE and GCC. He has held senior leadership roles at institutions such as Emirates NBD, Dubai First, Dubai Bank, and Citi.  Earlier in his career, he worked with leading FMCG companies such as Procter & Gamble and Godrej Group in India. Sivarama said, “I am delighed to join the Mentor Board at iAccel GBI. I look forward to leveraging my extensive experience to support and guide entrepreneurs in their journey across the region.”