DFM successfully concludes international investor roadshow in London

LONDON, 20th June, 2023 (WAM) — The highly anticipated London edition and second international investor roadshow of the Dubai Financial Market (DFM) this year successfully attracted a host of prominent investment institutions from around the world. The event underscored Dubai’s continued appeal as a strategic investment destination and highlighted the strong interest of international investors in leveraging DFM’s innovative platforms. The roadshow was organised in collaboration with HSBC’s GCC London Conference on 14th – 15th June, 2023, with 13 companies listed on Dubai’s capital markets participating along with DFM. These companies included DEWA, DP World, Du, Dubai Islamic Bank, Emaar Properties, Emaar Development, Emirates NBD, Empower, Salik, Taaleem, TECOM, Amanat, and Aramex. The event witnessed an impressive turnout of esteemed investment institutions, who eagerly participated in engaging discussions, insightful presentations, and networking opportunities to foster fruitful collaboration with the DFM. The event included a total of 87 meetings held with senior representatives from over 100 global investment funds represented by 231 investors. Commenting on the success of the Roadshow, Hamed Ali, CEO of DFM and Nasdaq Dubai, said, “The strong participation of leading global institutions and the overwhelming response from investors are testament to the growing confidence in Dubai’s capital markets. We extend our gratitude to HSBC’s GCC London Conference for their collaboration, as well as the 13 listed companies that showcased the immense opportunities available in Dubai. This roadshow has solidified our position as a global financial hub and enhanced the appeal of Dubai’s capital markets as a destination for foreign investments in the region. We are excited about the future and remain committed to providing a robust platform for international investors to thrive in Dubai.” Tariq Al Fahaam/ Amjad Saleh

Source: Emirates News Agency

Fatima Bint Mubarak Women Sports Award opens nominations with prize money totalling AED1.8mn

ABU DHABI, 20th June, 2023 (WAM) — The Fatima Bint Mubarak Ladies Sports Academy, in cooperation with the Abu Dhabi Sports Council, has announced the opening of nominations for the seventh edition of the Fatima Bint Mubarak Women Sports Award, which will run from 20th June until 31st August, 2023. Held under the patronage of H.H. Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), and the “Mother of the Nation”, the award is also supported by Sheikha Fatima bint Hazza bin Zayed Al Nahyan, Chairwoman of the Board of Directors of the Fatima Bint Mubarak Ladies Sports Academy, and President of the Abu Dhabi and Al Ain Ladies Clubs. This came during press conference held today at the Erth Hotel in Abu Dhabi, to reveal the details of the seventh edition of the award, in the presence of Aref Al Awani, Secretary-General of the Abu Dhabi Sports Council, Dr. Omniyat Al-Hajri, Vice Chairwoman of the Board of Directors of the Fatima Bint Mubarak Ladies Sports Academy, Dr. Suad Al-Suwaidi, representative of the Presidential Court, and Mariam Al Mansoori, representative of the Fatima Bint Mubarak Ladies Sports Academy. The award ceremony will be held on 15th November, with the prize money totalling AED 1,800,000, distributed across 11 categories for individual and group levels. The individual level awards include Best Arab Female Athlete, Best Emirati Athlete, Best Youth Athlete, Best Paralympic Athlete, Best FemaleMale Coach, and Best Sports Media. A new category, Best Sports Mother, has also been introduced for this edition. At the level of sports federations and institutions, the awards Best Youth Development Program, Best Team, and Best Sports Creative Initiative. The Academy also grants a special award to honour the Arab Sports Personality of the Year, which is determined by a jury to honour an Arab personality for outstanding performance and contributions in the field of women’s sports. “The award aims to continue supporting the directives of empowering women and highlighting their achievements in the sports sector, which is a goal that enjoys generous support and generous care from H.H. Sheikha Fatima bint Mubarak,” Al Awani said. “This has had a great impact on the renaissance and progress of women’s sports in the Emirates and the Arab world.” Applications can be submitted online through the award’s official website www.fbmwomensportsaward.ae. The award is the first of its kind in the region, and one of the most distinguished in the Arab sports community. It aims to empower women and highlight their achievements in the sports sector throughout the entire year, in addition to striving to improve participation, enhance competitiveness and excellence in women’s sports, creating a stimulating environment to help them advance.

Source: Emirates News Agency

Abu Dhabi to host 3rd edition of Spartan World Championships

ABU DHABI, 20th June, 2023 (WAM) — Abu Dhabi will host the 3rd edition of the Spartan World Championship from 8th to 10th December 2023 which will return to Al Wathba desert for the second consecutive year. Organised by Abu Dhabi Sports Council, the event will gather elite athletes from around the world, reaffirming Abu Dhabi’s position as a global destination for sporting events. The 2021 edition, which was held for the first time outside the US and in the Middle East, achieved great success with the participation of more than 4,500 male and female competitors from more than 50 countries around the world in the Liwa desert – Tal Mereb – in Al Dhafra region. The 2022 edition was held in the Al Wathba desert and attracted more than 5,000 male and female competitors from 75 countries from around the world. The finalists will compete for the Men’s World Championship and the Women’s World Championship on 9th December, while the World Team Championship will be held on 10th December. The opening day on 8th December will be dedicated to receiving all participants in preparation for the start of the competitions the next day. The Abu Dhabi Sports Council and Spartan will also organise community races suitable for all age groups on the sidelines of the event as part of the sports council’s strategy to ensure that global events still provide an opportunity for all members of society to participate and improve the quality of life. Aref Hamad Al Awani, Secretary-General of Abu Dhabi Sports Council, said, “We are proud to announce – once again – that Abu Dhabi will host the Spartan World Championship for the third and second time in a row in the Al Wathba Desert, after the great successes achieved by the first and second editions. “We promise everyone that the championship will continue its successes during the upcoming edition, through the sand dunes of Al Wathba desert, which in itself constitutes an obstacle, a barrier, and an interesting challenge for participants from all over the world.” Al Awani said that endurance sports and overcoming the obstacles created by the Spartan community fall within the framework of supporting a healthy lifestyle, which reflects the message of the Abu Dhabi Sports Council through its hosting, organisation and support for such events to enhance the quality of life. Joe De Sena, Founder and CEO of Spartan, said, “We are excited to be back in Abu Dhabi again after creating two impressive editions, and two exceptional experiences for the Spartan community.” De Sena said he was happy to cooperate with Abu Dhabi Sports Council, pointing out that the various obstacle courses and barriers will display the beauty of desert nature in the Al Wathba sand dunes, further stoking the determination of participants to reach the finish line.

Source: Emirates News Agency

Khalifa Fund partners with Bahrain’s Hope Ventures to expand Beban TV show to UAE

ABU DHABI, 20th June, 2023 (WAM) — Khalifa Fund for Enterprise Development (KFED) announced its partnership with Bahrain-based Hope Ventures to expand Hope’s entrepreneurship-themed reality television show ‘Beban’ to the United Arab Emirates in its highly anticipated third season. This follows the show’s established expansion to the UAE for season two and its success in facilitating investment and strategic opportunities for UAE-based businesses. Having aired for two seasons, Beban featured a total of 62 businesses of various sizes and resulted in successful co-investments by the private and public sectors exceeding US$6 million in GCC-based startups. Beban is centered around entrepreneurs and business owners as they pitch their businesses before a panel of regional investors for equity investment and business opportunities. The show’s expansion aligns with KFED’s mission of creating opportunities to boost the UAE’s entrepreneurial ecosystem and supporting SMEs by offering financing and service options, as Beban will contribute to the ease of access of UAE-based businesses to a diversified pool of investors and strategic partners who will fast-track their business’ growth into regional and international markets. Furthermore, Beban entrepreneurs will also benefit from the intensive training bootcamp they will undergo as part of the Beban journey to develop their businesses in various aspects like expansion planning, financial modeling, and pitching in front of a panel of regional investors on a televised show. Alia Al Mazrouei, CEO of Khalifa Fund for Enterprise Development, commented, “Through our partnership with Bahrain’s Hope Ventures, Khalifa Fund for Enterprise Development is excited to bring the entrepreneurial spirit of Beban to the UAE in its highly anticipated third season. By expanding Beban, we are creating valuable opportunities for UAE-based businesses to access a diverse pool of investors and strategic partners, accelerating their growth in regional and international markets. With intensive training bootcamps and exposure on a televised platform, Beban will empower entrepreneurs, foster cross-border knowledge exchange, and fuel the UAE’s entrepreneurial ecosystem. We look forward to seeing all of the applicants for Beban season 3 and seeing them seize the benefits of this remarkable journey towards success.” For his part, Ayman bin Tawfeeq Almoayed, Chairman of Hope Fund, said, “Beban was established as a regional investment platform that connects regional entrepreneurs and investors of diverse sectors and facilitates equity investment and strategic business development opportunities that would have been rather challenging for these entrepreneurs to access.” He further added, “This partnership with the Khalifa Fund for Enterprise Development will provide UAE-based entrepreneurs with the tools and resources they require to develop their businesses while giving them added regional exposure through the show, all while promoting cross-border knowledge exchange between entrepreneurs of the region. We encourage and invite entrepreneurs based in UAE to apply for Beban season 3 and reap the show’s benefits.”

Source: Emirates News Agency

Dubai logs over AED4.7bn in realty transactions Tuesday

DUBAI, 20th June, 2023 (WAM) — Dubai’s real estate market recorded 638 sales transactions worth AED1.85 billion on Tuesday, in addition to 130 mortgage deals totalling AED2.69 billion, and 21 gift deals amounting to AED218.56 million, data released by Dubai’s Land Department (DLD) showed. The sales included 566 villas and apartments worth AED1.45 billion, and 72 land plots worth AED401.74 million. The mortgages included 106 villas and apartments worth AED2.38 billion and 24 land plots valued at AED310.33 million, bringing the total realty transactions of today to over AED4.7 billion. Tariq Al Fahaam/ Amjad Saleh

Source: Emirates News Agency