Author: dailyguardian.ae

Go Mini-Golfing at Global Village Global Village has introduced a new attraction for Season 28, Mini World, offering a rich cultural and culinary experience. Spanning 10,300 square meters, it features 25 miniature replicas of iconic landmarks and 30 food outlets serving diverse cuisines. Located near Carnaval™, Mini World includes a picnic area, the Wonder Stage for entertainment, and a Mini Golf area with an 18-hole course. Additionally, the soon-to-open Neon Galaxy adventure park will provide thrilling experiences for kids aged seven and above. Global Village Season 28 runs until April 28, 2024. Say Hello to the Dinosaurs Dubai Parks™ and…

In an exclusive interview with Khaleej Times, Pravin Gupta, the dynamic CEO of CredenTek Software, offered profound insights into the recently launched AI-fintech platform, Tenali. CredenTek, a stalwart with 15 years of experience in banking technologies and a distinguished clientele of tier-1 banks, has boldly ventured into the realm of artificial intelligence and machine learning with the state-of-the-art Tenali platform. What is the inspiration behind the development of Tenali and how does it align with CredenTek’s vision? Pravin Gupta: CredenTek has been unwavering in its commitment to pushing the boundaries of innovation in the banking technology sector. The pivotal moment…

Economic growth in the Middle East is expected to reach around three per cent next year, a report showed on Thursday. According to the Economist Intelligence Unit’s (EIU) Middle East Outlook 2024, the Gulf Co‑operation Council (GCC) states are expected to shrug off a slowing global economy in 2024, aided by a host of factors. A “loosening of Opec+ oil production quotas, relatively strong growth in key Asian markets, and trade and investment diversification strategies” are likely to drive the region’s growth, the EIU said in its report. Geopolitical risks are intensifying in the region, with the Israel‑Hamas conflict showing…

Companies in the digital payment business should aim for scale as it brings multiple advantages in terms of costs and innovations, leading industry executives said on Thursday. “Payment is a scale business and it doesn’t come overnight. The basic thing that everyone has to remember when scaling business is patience, staying the course and flexibility. My advice to anybody in the payment industry is to aim for scale because it provides a cost advantage. With scale, you can also innovate more and faster,” Nandan Mer, Group Chief Executive Officer, Network International, said during the Banking, Innovation and Technology (BIT) Summit.…

Crisalion Mobility, a Spanish leader in the design and development of advanced electric mobility solutions, has announced a strategic partnership with Valtrans Transportation Systems at the Dubai Airshow. This partnership appoints Valtrans as the exclusive distributor of Crisalion Mobility’s cutting-edge air and ground solutions in the Gulf region. The official signing ceremony took place at Crisalion Mobility’s booth in the Advanced Aerial Mobility Pavilion at the Dubai Airshow in the presence of senior executives from both organisations. These included, Fernando Núñez, Chairman of the board for Crisalion Mobility, Carlos Poveda Rey, founder and CEO of Crisalion; Manuel Heredia, managing director…

Emirates on Thursday announced an order for 15 additional Airbus A350-900s at the Dubai Airshow 2023, worth $6 billion. This takes Emirates’ total A350 order book to a total of 65 units. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said: “The A350-900s will add to our fleet mix and we are pleased to announce additional orders for this aircraft type. We plan to deploy our A350s to serve a range of new markets including long-haul missions of up to 15 hours flying time from Dubai. We will work closely with Airbus and Rolls-Royce…

Sustainability-linked loans are becoming mainstream as there has been a heavy focus on environment, sustainability and governance (ESG) practices, especially in the context of the country hosting the COP28, a senior Dubai-based banker said. Vijay Bains, chief sustainability officer and group head of ESG, Emirates NBD, said the ESG finance market is growing and the outlook is “amazingly positive”. “For us, this is the largest financing opportunity. As new standards are being made, green sukuk and bond markets and the sustainability-linked loan have hit records. Sustainability is mainstream now,” Bains said in an interview on the second day of the…

Citi Developers has announced the launch of Aveline Residences. Aveline Residences is an exquisite collection of 263 apartments located in the heart of Jumeirah Village Circle. Scheduled for handover in Q2 2026, the project offers a variety of unit types catering to different lifestyles including studios,1, 2 and 3 bedroom apartments, ranging from 453.70 sq. ft to 1391.99 sq. ft “It is a moment of great joy to introduce our development to the UAE and bringing our decade-long legacy in global markets to this region. The launch of Aveline Residences, is a testament to our dedication to excellence in real…

Oil prices dropped more than 5 per cent on Thursday to their lowest in four months, as investors worried about global oil demand following weak data from the US and Asia. Brent futures fell $4.38, or 5.4 per cent, to $76.80 a barrel by 1:02 p.m. EST (1802 GMT). US West Texas Intermediate crude (WTI) shed $4.27, or 5.5 per cent, to $72.39. Both contracts traded at their lowest since July 7. Both WTI and Brent’s front-month contracts also traded below the prices for the second month, a structure known as contango. “The mood is negative, the charts are negative,”…

Factem, a global aviation audio accessories leader, has announced the appointment of Dubai-based AeroConnections as its authorized distributor for the Middle East & Africa region. The distributor agreement for promoting and selling headsets designed and created for the aviation industry by the French company was signed on the sidelines of the Dubai Airshow at the French Pavilion by Alain Dulac, chief executive officer of Factem, and Manoj John, founder & CEO of AeroConnections, in the presence of several industry professionals. Commenting on the appointment, Manoj John said: “We are delighted to be appointed as Factem’s distributor for the Middle East…