REAL ESTATE-

#1- Sunrise Capital launches USD 100 mn project in Jebel Ali: Dubai-based developer Sunrise Capital launched Bellagio, a USD 100 mn luxury freehold residential project in Wasl Gate, Jebel Ali, the company said in a press release (pdf). Construction began in January and is slated for completion in 3Q 2027.

#2- Dubai-based real estate developer Dar Global launched its AED 1.4 bn DG Villas project, it said in a press release. The villas are located in Jumeirah Golf Estates in Dubai, come in four and five bedroom models, and offer a “sustainable living experience,” the statement said.

#3- Alta and Maison Margiela to develop properties: Dubai-headquartered Alta Real EstateDevelopment partnered with French fashion house Maison Margiela to build the fashion brand’s first residences in Dubai, according to a press release. Some 24 boutique units will be developed in total at a location set to be announced at a later date.

EDUCATION-

Amanat launches new brand, expands in KSA: Amanat Education launched a new brand, Almasar Alshamil Education, and its Riyadh headquarters, appointing Majed Al-Mutairi as CEO to lead its expansion in special needs education (SEN) and higher education across the GCC, according to a statement. Almasar Education is Saudi Arabia’s largest SEN provider, the statement said.

The company has big plans: Amanat plans to expand its SEN network through Human Development Company and boost higher education enrolments at Middlesex University Dubai and NEMA Holding. An IPO could also be in the pipeline, with parent company Amanat Holdings previously saying it is looking to float its education and healthcare units.

TECH-

#1- Open Innovation AI, Oracle partner to boost sovereign AI adoption in EMEA: Dubai-based Open Innovation AI partnered with Oracle to expand access to sovereign AI solutions across the EMEA region, according to a press release. Under the agreement, Oracle will offer Open Innovation AI’s sovereign AI platform to its customers in the region, enabling them to adopt AI technology while complying with local data regulations.

#2- Addepar opens first MEA office in Dubai’s DIFC: Global investment data and technology platform Addepar has launched its first office in the Middle East and Africa at the Dubai International Financial Center, according to a press release. The center will provide solutions to regional family offices, wealth managers, banks, and sovereign wealth funds, the statement said.

PAYMENTS-

#1- Al Ansari exchange partners with BILRS: Homegrown remittance and foreign exchange provider Al Ansari Exchange teamed up with payment services provider BILRS to enable bill payments across its UAE branch network, according to a press release. The partnership will allow customers to pay for essential services in their home countries, including utilities, education fees, and household expenses. The service will cover regions including India, Pakistan, the Philippines, and Egypt. UAE-based payments will also be available, covering Dubai Police fines, Salik top-ups, NOL top-ups, and Mawaqif payments, among other services.

#2- Al Etihad Payments partners with Mastercard: Central Bank of the UAE subsidiary Al Etihad Payments and Mastercard will introduce co-badged debit and prepaid cards, according to a press release.

ICYMI- Al Etihad partnered with Visa and China’s UnionPay International earlier this week to introduce Jaywan-Visa debit and prepaid cards and UnionPay-Jaywan co-badged cards.

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