HEALTHCARE- <\/p>\n
Presight tapped by Jordan to digitize its healthcare sector: <\/strong>Big data analytics firm Presight<\/a> was awarded a multi USD-mn contract by Jordan\u2019s Digital Economy and Entrepreneurship Ministry to support the digitalization of the country\u2019s healthcare sector according to a press release (pdf)<\/a>. The exact value of the contract was not disclosed.<\/p>\n The details:<\/strong> The contract will see Presight develop a digital healthcare system plan for public sector hospitals, a health information exchange strategy, and a virtual hospital command center offering tele-ICU, teleradiology, and tele-dialysis services.<\/p>\n REMEMBER- <\/strong>Presight is aiming to increase its revenue share from international markets to 30% from the current 15%, its CEO said in July<\/a>. Besides the UAE, Presight operates in about 14 countries across Central and Southeast Asia, and Africa.<\/p>\n \n FINANCE- <\/p>\n Dubai International Financial Centre (DIFC) plans to launch a DIFC Funds Center in<\/strong> 1Q 2025<\/strong>, offering hedge fund spinouts, fund platforms, and boutique asset management firms \u201cflexible range of working solutions, and \u2026 peer-to-peer networking,\u201d it said in a statement<\/a>. Slots in the new DIFC center will be handed out on a first-come, first-served basis, with wealth and asset management applicants encouraged to join the waitlist now.<\/p>\n Some 400 wealth and asset management firms are currently based in the DIFC<\/strong>, including 44 hedge funds in the bn-USD club.<\/p>\n AVIATION- <\/p>\n Dnata secures EasyJet contract at Zurich Airport: <\/strong>UAE-based air services provider dnata landed a multi-year ground handling contract with EasyJet at Zurich Airport, expanding its services to include passenger, ramp, and baggage handling, according to a statement<\/a>. Financial details of the deal were not disclosed.<\/p>\n Background:<\/strong> Dnata operates at airports in Zurich and Geneva, providing cargo and ground handling services to over 30 airlines, according to the statement. <\/p>\n \n INVESTMENT- <\/p>\n #1- Abu Dhabi Investment Authority (Adia) was among major institut<\/strong>ional investors <\/strong>that backed Bajaj Housing Finance\u2019s USD 782 mn IPO<\/strong>, one of the largest in India this year, Reuters<\/a> reported. Institutional investors, including Adia, BlackRock, and the government of Singapore have funneled USD 209 mn into the IPO, which was oversubscribed twice on the first bidding day.<\/p>\n About the IPO:<\/strong> Shares were priced between INR 66-70, valuing the home loan provider at USD 7 bn.<\/p>\n \n #2- The Emirates Development Bank launched the Agrix Accelerator program<\/strong>, a 20-week initiative aimed at supporting farmers and agribusinesses, Wam<\/a> reported. The program includes expert-led workshops, hands-on training, and personalized mentorship, focusing on technology adoption in the sector and capacity building.<\/p>\n \n ENVIRONMENT- <\/p>\n Blue Forest awarded mega mangrove restoration project:<\/strong> UAE-based mangrove conservation company Blue Forest has been awarded the operating license for one of the world\u2019s largest mangrove restoration projects \u2014 MozBlue \u2014 located in Mozambique, according to a statement<\/a>. The project is set to start in November 2024 and will cover an area twice the size of Singapore, standing at 155k hectares. MozBlue aims to plant 200 mn mangroves to restore coastlines, remove 20 mn tons of CO2, create 5k jobs, and involve local communities in its management to preserve a long-term and sustainable land tenure.<\/p>\n REGULATION-<\/p>\n Virtual asset service providers (VASPs) will be eligibl<\/strong>e to serve all emirates <\/strong>upon obtaining the Dubai Virtual Assets Regulatory Authority\u2019s license<\/strong> as it would register them by default with the Securities and Commodities Authority (SCA), under a new agreemen between VARA and the SCA, a statement<\/a> from the SCA showed. Otherwise, VASPs will have to obtain the SCA\u2019s license to operate in any other emirate.<\/p>\n Both authorities signed a framework agreement on Monday<\/strong> to set rules and guidelines for licensing VASPs as well as joint oversight responsibilities, regulatory enforcement mechanisms, and information-sharing protocols.<\/p>\n \n ADVERTISING- <\/p>\n Digital advertising and marketing services company <\/strong>Monks<\/a><\/strong> is relocating its <\/strong>Middle East headquarters from Dubai to Riyadh<\/strong>, Bloomberg<\/a> writes. The move comes as Saudi Arabia requires firms to establish their Middle East headquarters in the country to secure government contracts.<\/p>\n FINTECH- <\/p>\n Dubai-based fintech<\/strong> accounting company <\/strong>Sol.online<\/a><\/strong> launched its operations<\/strong>, becoming the UAE\u2019s first outsourced online accounting firm, according to a statement<\/a> from the company. The company\u2019s services include bookkeeping, auditing, tax management, payroll, financial reporting, business incorporation, and legal support, which it offers through a subscription model. <\/p>\n \n BANKING- <\/p>\n Ruya customers will have access to Network\u2019s digital payment features: <\/strong>Islamic, digital-only bank Ruya partnered with Network International to use its payment solutions, offering new features to customers such as instant transaction processing, customized user interactions, tokenization, card control, and fraud prevention, among other digital services, Wam<\/a> reported. <\/p>\n \n REAL ESTATE- <\/p>\n #1- Real estate developer <\/strong>Saif Al Ghurair Group<\/a><\/strong> launched a new arm<\/strong>, P.O.B1 <\/strong>Properties<\/strong>, that will focus on residential and commercial development in new, fast-growing districts in Dubai, according to a press release<\/a>.<\/p>\n #2- <\/strong>HMB Homes<\/a><\/strong> launched a AED 350 mn residential p<\/strong>roject in Arjan dubbed <\/strong>One<\/a><\/strong>Beverly<\/a><\/strong>, Al Bayan<\/a> reports. The French art deco-inspired development features 381 units \u2014 including studio and one- and two-bedroom apartments \u2014 with prices starting at AED 650k.<\/p>\n \n DESIGN- <\/p>\n Nasdaq Dubai-listed interior contractor Depa wa<\/strong>s awarded AED 350 mn fit-out <\/strong>contracts for two undisclosed projects in Saudi Arabia<\/strong>, according to a disclosure to Nasdaq<\/a>.<\/p>\n REMEMBER:<\/strong> Depa secured around 950 mn worth of contracts in January<\/a> to handle hospitality and tourism fit-out projects for Red Sea Global in Saudi Arabia, including the Desert Rock Hotel, Amaala Yacht Club, and two luxury hotels in the Amaala marine development. Depa also secured a AED 200 mn fit-out contract for a high-end HQ office building in Dubai from an undisclosed client.<\/p>\n Refresher: <\/strong>Saudi sovereign wealth fund Public Investment Fund (PIF) acquired a 55% stake in Dubai-based Depa for AED 150 mn in February 2022.<\/p>\n MANUFACTURING- <\/p>\n Falcon Energy Material eyes anode factory in Morocco: <\/strong>UAE\u2019s Falcon Energy Materials<\/a> signed a technical and strategic partnership with China\u2019s Hensen Graphite & Carbon Corporation<\/a> to develop an anode plant in Morocco, according to a statement<\/a> yesterday. The preliminary economic assessment for the plant is expected in 4Q 2024, targeting an annual production of 25k tonnes of coated spherical purified graphite. <\/p>\n","protected":false},"excerpt":{"rendered":" PLUS: Accounting firm Sol.online launches in Dubai<\/p>\n","protected":false},"author":1,"featured_media":95647,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,159,143,7,1668,1393,79,131,1342,98,135,397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-energy","tag-enterpriseam-uae","tag-environment","tag-finance","tag-fintech","tag-healthcare","tag-investment","tag-real-estate","tag-regulation","tag-space","wpautop","entry"],"acf":{"mongo_id":"9bdb72cf-612e-46dd-8621-20fb1d25cd9a","order":"14","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2572.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Presight tapped by Jordan to digitize its healthcare sector","related_issue":[95620],"teaser":"PLUS: Accounting firm Sol.online launches in Dubai","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.d6a86c33-bc10-4358-943e-263d94588bd6.mp3"},"yoast_head":"\n
\n