Day: May 10, 2022

DUBAI, In the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai Future Foundation will organise the closing ceremony of the ‘One Million Arab Coders’ initiative at Dubai’s Museum of the Future on Wednesday, to honour the best distinguished Arab talents in coding, and highlight best coding projects developed by graduates of the initiative to serve their communities and create a better future for humanity.

The winners of the ‘One Million Arab Coders’ challenge, which has a total of US$1.35 million in prizes, will be announced during the ceremony. The ‘One Million Arab Coders’ initiative is supervised by the Dubai Future Foundation and organised under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).

The first-place winner will receive US$1 million, in recognition of their success in employing coding expertise gained during his participation in the initiative to create impactful services that can benefit communities globally.

Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation, said, “The ‘One Million Arab Coders’ initiative embodies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to provide new opportunities for Arab youth, empowering their contributions to the advancement of technologies globally, and to put a clear Arab footprint in the future of humanity.”

Al Gergawi noted that the initiative aimed mainly at empowering Arab youth around the world with the tools of the future, and providing them with the opportunity to gain new experiences and skills that would help them turn their dreams into successful projects that benefit their societies and have a positive impact on their lives.

“The initiative was a glimmer of hope for Arab youth around the globe that success is not bound by place, age, or obstacles. Rather, success requires insistence on acquiring the experiences and skills that will be needed in the future,” Al Gergawi said. He pointed out that the initiative was a cornerstone for countless success stories where coding helped create a positive impact on the future of humanity, and spread hope in the Arab region.

He also stressed the importance of the initiative’s role in encouraging Arab coders to innovate and start developing software projects that not only meet the needs of their societies, but also foresee and adapt to its future requirements and changes, pointing to the initiative’s success in developing a leading global experience to teach coding skills in an effective manner, which was adopted in the Hashemite Kingdom of Jordan and Uzbekistan.

In addition to the grand prize for the ‘One Million Arab Coders’ challenge, the five best projects will receive prizes of US$50,000 each, and four of the best trainers participating in the initiative will be honoured with prizes of US$25,000 each. The finalists were chosen by a specialised jury that comprises many experts in the fields of entrepreneurship and future technologies.

Source: Emirates News Agency

DUBAI, DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed a Memorandum of Understanding (MoU) with Dakia U-Ventures (UVentures), to co-develop a trade hub and free zone in Cartagena de Indias, Colombia.

According to the MoU, the Cartagena International Commerce Zone will be developed and operated in direct collaboration with federal and national government entities of Colombia. UVentures is an international investment holding company specialised in designing, financing, developing, and operating international macro-scale projects.

The free-trade designated territory will be a common law district based on English common law, which will create an international business platform with unique benefits such as balanced arbitration facilities, incorporated country risk insurance, global trade networks, and access to capital. Once established, the Cartagena International Commerce Zone will become Latin America’s first Common Law District Arbitration Centre.

DMCC and the Cartagena International Commerce Zone aim to offer their member companies passporting rights between the two free zones, which will enhance bilateral trade opportunities and provide greater access to global markets.

The project was officially announced by the President of the Senate of Colombia, Juan Diego Gomez Jimenez, at the forum (FORO#23) held in Miami, United States, in the presence of the Colombian Vice-Ministers of Commerce, Tourism, Justice and Law; the mayor of Cartagena; Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC; and representatives from UVentures.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “As the world’s fastest growing free zone with over 20,000 registered companies, DMCC is thrilled to partner with UVentures to establish a trade hub and free zone free zone in Cartagena de Indias, Colombia. This will shape the future of trade by creating a new virtual and physical trading corridor between Colombia and Dubai, while supporting the national strategic objectives of Colombia and unlocking its enormous growth opportunities. DMCC’s regulatory trade environment and free zone model shaped over 20 years is the blueprint for global market connectivity and growth. This blueprint will be instrumental as we partner to develop a new world leading free zone that drives FDI between two extremely dynamic markets, while providing transformational trade opportunities for the broader Central and South Americas through Dubai.”

Xavier Adsera`, Chief Executive Offiver, UVentures, said, “We are thrilled to embark on this endeavour with DMCC, the Colombia Sovereign Authorities, and our ecosystem of institutional partners. This remarkable project has all the elements to be a worldwide success, posing a historical opportunity for the country to expand its international presence, and for Latin America to develop a leading financial & commercial hub referent amongst global capital markets.”

The Cartagena International Commerce Zone will be modelled on DMCC, which is the world’s leading and fastest growing free zone. As a result of this project, Colombia is expected to significantly improve its standard credit ratings and attract foreign direct investments, creating business opportunities at a national and international level.

Source: Emirates News Agency

DUBAI, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, stated that it serves more than 17 percent of the total number of hotels in Dubai, with its environmentally-friendly district cooling services.

Empower also expresses its expectations of growth in the share of the hospitality sector in its portfolio as a result of dozens of new applications received by the company from developers and operators of new hotels wishing to connect their hotel developments to Empower’s district cooling network, which is known for its quality services and conformity to international standards.

Empower’s statement came in conjunction with the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre (DWTC) from 9th to 12th May, the leading travel and tourism event in the Middle East over the past 29 years.

Ahmad bin Shafar, CEO of Empower, said, “Empower continues to support the hospitality sector in the Emirate of Dubai at an increasing pace, in light of the growing hotel occupancy rates, and the accelerated rate of completion of many tourist facilities in the city.”

Bin Shafar stressed that the impressive results of the district cooling systems and their contribution to reducing carbon emissions are consistent with the system followed by hotel establishments in Dubai to calculate the carbon footprints, which supports the government’s vision to reach a green economy and achieve sustainable development. “It is important for the hospitality sector to adopt district cooling systems as an effective partner in promoting sustainability and reducing carbon emissions.”

The company also indicated that the tourism sector in the Emirate of Dubai will receive new hotel projects during the current year, most of them are served by Empower with its district cooling services.

Source: Emirates News Agency

DUBAI, Emirates has once again been crowned as ‘Best Airline Worldwide’ for the ninth consecutive time at last night’s Business Traveller Middle East awards.

At a ceremony attended by key travel industry executives, the airline also swept three other categories, including airline with the “Best Premium Economy Class”, “Best Economy Class” and “Best Frequent Flyer Programme”.

The awards are a recognition of Emirates’ unrelenting commitment to delivering on its ‘Fly Better’ promise through multi-billion dollar investments in customer experience initiatives, products and services in the air and on the ground during a year of rebuilding and recovery. Even when others were cutting back, Emirates continued to introduce new offerings and enhancements, giving it the strategic advantage to further differentiate its signature customer experience from booking to boarding.

Just a year after its debut, Emirates’ Premium Economy has shown that it’s a cut above the rest, and has been highly sought after by customers thanks to its 19.5 inch spacious seats, 40 inch roomy pitch and relaxing 8 inch reclining position, rounded off by soft leather finishings, 6-way adjustable headrests, a footrest and luxurious wood panelling inspired by the airline’s Business Class cabin.

The airline has taken the experience full-circle and will be rolling out the complete Premium Economy experience onboard and on the ground from 1 August with dedicated check-in at DXB, uniquely designed amenities including soft, sustainable blankets and generously sized pillows, complimentary amenity kits, fine glass and chinaware, curated dining and beverage choices and thoughtful culinary touches throughout the meal service including premium wines and chocolates. Customers can also enjoy hours of entertainment with the best IFE in the skies with up to 5,000 channels.

Source: Emirates News Agency