Arabian Post Staff -Dubai Dubai Silicon Oasis has concluded the third cohort of the MIT DesignX Dubai Accelerator Programme with a Demo Day that brought together start-ups, investors and policymakers to showcase emerging technologies aimed at transforming urban environments and sustainable infrastructure. The programme, organised by Dubai Silicon Oasis, a special economic zone for knowledge and innovation under the Dubai Integrated Economic Zones Authority, is delivered in […]
Arabian Post Staff -Dubai Property developer Aldar Properties has stated that all operations across its portfolio in the United Arab Emirates are continuing without disruption, underscoring the company’s operational resilience as it maintains services across residential communities, commercial offices, retail centres, hospitality assets and development sites. The Abu Dhabi-based developer said activities across its diverse property network — including logistics facilities, schools, hotels and development projects — […]
Building on the acquisition of Illumex by NVIDIA, the firm validates its Seed-to-Exit thesis and reinforces its mission to bridge Asian capital with world-class DeepTech.
TAIPEI, TAIWAN – Media OutReach Newswire – 4 March 2026 – Cardumen Capital, a leading European DeepTech venture capital firm, today marks a pivotal milestone in its international momentum following the acquisition of its portfolio company, Illumex, by NVIDIA. This landmark exit further solidifies the firm’s strategic presence in the Asia-Pacific region and cements its 2019 vintage fund’s position as a leading performer within its vintage cohort.
A Seed-to-Exit Success Story
Cardumen Capital was Illumex’s first investor and led its 2021 seed round, supporting the company from inception through to exit. General Partners Gonzalo Martínez de Azagra and Igor de la Sota identified the startup’s potential at the seed stage, guiding it toward this landmark milestone.
“This acquisition validates our DeepTech thesis,” said Gonzalo Martínez de Azagra. “By backing visionary founders early, we demonstrate our ability to identify the core building blocks of the AI era.”
Igor de la Sota added: “The success of the Illumex exit underscores the global demand for robust data infrastructure in the age of Generative AI. We are proud to have supported the team from day one in building a platform that now sits at the heart of the world’s AI computing network.”
Strengthening the Bridge to Asia-Pacific
Illumex joining NVIDIA serves as a powerful catalyst for Cardumen Capital’s mission in Asia. Led by Taipei-based APAC Venture Partner Stan Yu, a serial entrepreneur turned venture capitalist, the firm is intensifying its efforts to bridge Asian strategic capital with world-class innovation hubs in Europe, Israel, and global DeepTech ecosystems.
“Building on this milestone exit to NVIDIA, we are seeing unprecedented momentum for our strategy in the APAC region,” said Stan Yu. “The journey of Illumex proves the caliber of opportunities we bring to our partners. From our base in Asia, we are uniquely positioned to facilitate these high-stakes connections, ensuring that Asian institutional capital has exclusive access to the next wave of transformative DeepTech and frontier innovations.”
As a pioneering venture capital firm with a dedicated partner presence in Taipei bridging the EMEA tech ecosystem, Cardumen Capital is uniquely positioned to drive cross-border synergies and deliver the performance expected by the institutional investment landscape in Asia.
The issuer is solely responsible for the content of this announcement.
About Cardumen Capital
Cardumen Capital, a leading global venture capital firm supervised by the CNMV (Spanish Securities Market Commission), was founded in 2018 by Gonzalo Martínez de Azagra and Igor de la Sota. With over 15 years of investment experience and a presence across Europe, the Middle East, and Asia, the firm specializes in investing in private market companies and funds, supporting innovation, disruptive technologies, and long-term value creation.
Backed by leading institutional investors, corporations, and family offices, Cardumen Capital focuses on generating sustainable long-term returns through its specialized DeepTech investment strategies and a demonstrated track record of connecting strategic capital with the global innovation frontier.
Jada Fund of Funds, a subsidiary of Saudi Arabia’s Public Investment Fund, is preparing to channel more capital into private credit as Gulf investors reposition their portfolios amid volatility affecting segments of the global lending market. Chief executive Bandr Alhomaly said the Riyadh-based fund has agreed to back India-headquartered venture debt manager Stride Ventures, marking a step in its strategy to widen access to alternative financing for […]
Dubai Holding has teamed up with Nord Anglia Education to develop a series of premium international schools across its master-planned communities, starting with a purpose-built campus in Dubai Production City that will deliver a British curriculum to families in surrounding neighbourhoods. The agreement positions Dubai Holding as the developer of the physical infrastructure while Nord Anglia Education, a global schools operator headquartered in London, will run and […]
Arabian Post Staff -Dubai Dubai’s property market set a new benchmark on 26 January after recording Dh15.6 billion in real estate transactions in a single day, the highest daily value ever logged, according to figures released by the Dubai Land Department. The total was generated through 1,501 transactions, underscoring the scale and depth of activity across land plots, residential units and entire buildings. Sales alone accounted for […]
Rolls-Royce Motor Cars has strengthened its presence in the Middle East with the opening of a second showroom in Dubai, underlining the marque’s confidence in sustained demand for ultra-luxury vehicles in the emirate and the wider Gulf. The new Rolls-Royce Motor Cars Dubai City Walk showroom adds to the brand’s long-established location on Sheikh Zayed Road and reflects a strategy focused on proximity to clients and highly […]
Advancing R&D, talent development and the region’s energy transition
SINGAPORE – Media OutReach Newswire – 26 January 2026 – ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest growing data centre colocation providers headquartered in Singapore, today announced two significant initiatives that strengthen Singapore’s position in the global digital and energy transition: the launch of the FutureGrid Accelerator, Southeast Asia’s first live High Voltage Direct Current (HVDC)-powered AI infrastructure testbed; and a suite of strategic Memoranda of Understanding (MOUs) with four Institutes of Higher Learning (IHLs) to advance skills development and expand internship and early career pathways for Singaporeans entering the workforce. These initiatives align with national efforts to support talent graduating into a challenging job market, while building the specialised capabilities required for next generation power and digital infrastructure.
Celebrating the official launch of the FutureGrid Accelerator; a new benchmark for HVDC-powered AI infrastructure in the region.
[Pictured from left to right] Lim Kian Tiong, Chief Financial Officer, LITEON; Bruno Lopez, President & Group Chief Executive Officer, ST Telemedia Global Data Centres; Minister Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Trade and Industry; Professor Lam Khin Yong, Vice President (Industry), Nanyang Technology University Singapore; Brian Dow, Chief Executive Officer, Amperesand.
Officiated by Ms Gan Siow Huang, Minister of State for Foreign Affairs and Trade & Industry, the announcement underscores a national push to build capabilities not only for AI-ready data centres, but also for the wider energy ecosystem, as Singapore and the region pursue net-zero ambitions.
FutureGrid Accelerator: HVDC innovation for AI and the wider energy transition Located at the Nanyang Technological University, Singapore (NTU Singapore) Electrification and Power Grids Centre (EPGC) on Jurong Island, the FutureGrid Accelerator is a pioneering initiative jointly developed by STT GDC and LITEON, supported by the Energy Research Institute @ NTU (ERI@N) and NTU deep-tech spinoff Amperesand. It is the region’s first live testbed demonstrating HVDC integration with real AI workloads, addressing the high-density and high-resiliency requirements of next-generation AI computing.
While central to the future of AI data centre architecture, HVDC represents a broader opportunity: it is a foundational technology that supports more efficient, resilient and integrated power systems. This is critical for Singapore’s long-term energy strategy, its transition to low-carbon energy grids and the region’s increasing need for sustainable power delivery.
Why HVDC Matters: A scalable platform beyond the data centre As AI and high-performance computing workloads scale, traditional alternating current (AC) power systems face inherent limitations. HVDC overcomes these constraints and delivers several transformative benefits:
Up to 30% overall energy savings compared to conventional AC systems
A reduction of up to 400 tonnes of CO2 equivalent (CO2e) per megawatt per year
45% lower copper consumption and a 30–40% smaller power-infrastructure footprint
The ability to support ultra-high-density racks exceeding 1,000kW, with higher reliability and lower cost
Native compatibility with renewable power sources able to feed directly to the direct-current system, avoiding inefficient power conversions
“The FutureGrid Accelerator is a strategic investment in Singapore’s long-term digital leadership,” said Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres. “By bringing together global industry leaders like LITEON with local deep-tech talent such as Amperesand, we are building infrastructure that is ready for future AI workloads while pioneering sustainable practices and setting new benchmarks for energy efficiency and carbon-conscious innovation. This initiative reflects our commitment to future-ready technologies and reinforces Singapore’s position as a global Centre of Excellence for advanced sustainable digital infrastructure. It is a bold step forward in shaping the future of data centres and accelerating energy transition across the region.”
Ms Gan Siow Huang, Minister of State for Foreign Affairs & Trade and Industry, said: “The FutureGrid Accelerator demonstrates how industry and academia can work together to drive innovation and strengthen Singapore’s global leadership in cutting-edge technologies. I also welcome STT GDC’s partnerships with ITE and SP, which will add to the suite of training options for the rapidly growing areas of AI and energy-efficient systems.”
The FutureGrid Accelerator will validate HVDC system performance at power loads of at least 325kW, incorporating the latest AI servers. The environment incorporates LITEON’s data centre reference architecture with Amperesand’s Solid State Transformer (SST) technology—an enabling innovation for next-generation HVDC deployment. STT GDC plans to deploy this technology in future data centres in Singapore and progressively scale adoption across its global operations.
“LITEON is committed to advancing the frontier of power management efficiency, and our collaboration with STT GDC and Amperesand is key to establishing the next standard for sustainable AI infrastructure in Asia,” said Jason Tsao, Head of Direct Current Microgrid at LITEON. “By deploying an end-to-end data centre reference architecture and integrated power management system in a live environment with STT GDC and partners, we are validating a high-density, energy-saving solution ready to meet the extreme demands of global technology leaders.”
“The FutureGrid Accelerator underscores NTU’s role as a strategic partner in shaping the future of sustainable AI infrastructure”, said Prof Lam Khin Yong, NTU’s Vice President (Industry). “By integrating cutting-edge HVDC technologies with our research capabilities and the entrepreneurial drive of NTU spin-offs like Amperesand, we are advancing impactful solutions that can significantly enhance energy efficiency and grid resilience. This collaboration showcases how universities can drive transformative innovations at the intersection of energy, digitalisation and sustainability.”
“Amperesand is obsessed with revolutionising Medium Voltage to critical load power delivery for next-generation AI data centres, defence, and other essential electrified assets. We focus on first principles to achieve market leading power density, efficiency, and reliability,” said Brian Dow, CEO and Co-Founder of Amperesand. “In this era of AI data centre and other critical power systems becoming economic and national security interests for many countries, Amperesand’s MV SST Platform enables in-country cyber-secure controls and data, regionally available supply chains, and low CAPEX intensity local manufacturing. Our solution is an intelligent, universal Medium Voltage power source that works on-and-off grid to improve critical infrastructure resilience as new large electrical loads come online.”
Developing Energy-Ready Skills: Partnerships with ITE, SP, NTU and NUS STT GDC signed MOUs with the Institute of Technical Education (ITE), Singapore Polytechnic (SP), NTU Singapore and National University of Singapore (NUS). These partnerships will benefit more than 8,000 Singaporeans over five years through industry-aligned training in AI infrastructure and sustainable energy systems. This ensures the scaling of HVDC—and the broader energy transition—is matched by the transformation and availability of skills, jobs and talent development pathways.
Mr Lopez added, “Talent is the decisive enabler as we advance AI and sustainability infrastructure. These partnerships build a skilled workforce needed to strengthen Singapore as a global hub for advanced digital and energy systems.”
Key initiatives and impact:
Building a talent pipeline: STT GDC will provide internship placements across ITE, SP, NTU and NUS over the next five years, with support from Enterprise Singapore. The programme offers immersive, hands-on experience in data centre operations and corporate functions such as IT, sustainability, finance and marketing, supported by mentoring from industry professionals. In addition, STT GDC will offer 100 sponsorships for Data Centre Foundation Certificate (DCFC®) offered by EPI, a global certification body for data centre facilities, data centre operations and industry professionals, accelerating entry into the sector.
Developing industry-ready talent with ITE: The collaboration with ITE will benefit approximately 800 students annually — totalling 2,400 students over three years — from ITE’s engineering and information and communications technology (ICT)-related Higher Nitec and Work-Study Diploma courses. Key initiatives include co-developing industry-relevant curricula for full-time and Continuing Education & Training (CET) courses in data centre operations and sustainability; deploying a data centre virtual reality system at the ITE Extended Reality Centre for immersive training; supporting lecturer attachments and student internships; and enabling students to pursue the sponsored DCFC® course.
Sustainability leadership with SP: The partnership with SP develops expertise in environmental sustainability and green data centre solutions. Initiatives include joint exploration of green technologies and practices; industry seminars and events to promote sustainable solutions; and targeted programmes for training, mentorship, applied projects and internships.
Innovation and research leadership with NTU: The partnership with NTU combines cutting-edge joint R&D of solutions for AI data centres powered by direct current sources; training, curriculum and talent development for the AI data centre sector; industry and career talks; and internship opportunities across STT GDC’s group of companies.
Graduate pathways with NUS: STT GDC’s collaboration with NUS supports accessible entry points for graduates through internships, training opportunities and ongoing career and industry engagement to raise awareness of digital infrastructure pathways.
The issuer is solely responsible for the content of this announcement.
About ST Telemedia Global Data Centres
ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, Italy, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/
Appendix: Partner Quotes
Mr Peter Lam, Chief Executive Officer, Institute of Technical Education (ITE): “At ITE, our focus is on equipping our students with future-ready skills for Singapore’s evolving economy. Through the partnership with STT GDC, our students gain valuable real-world training and exposure to advanced tools in data centre operations. This strengthens our efforts to prepare career-ready students and develop talent for Singapore’s growing digital infrastructure sector.”
Mr Soh Wai Wah, Principal and CEO of SP: “Singapore Polytechnic is committed to developing a future-ready workforce that can support Singapore’s growing demand for sustainable and resilient data centre operations. This partnership with STT GDC brings together our strengths in training, applied learning and industry collaboration to nurture talent in environmental sustainability and green solutions for data centres. Through co-developed programmes, mentorship, student projects and internships, we will build deeper capabilities and broaden pathways for learners to contribute to this important sector. SP looks forward to advancing this effort with STT GDC to support Singapore’s long-term industry and sustainability goals.”
Professor Lam Khin Yong, Vice President (Industry), Nanyang Technological University: “STT GDC is a partner that shares our commitment to advancing impactful research and developing future-ready talent. Leveraging NTU’s strengths in artificial intelligence, energy-efficient systems and translational innovation, this partnership will accelerate the co-development of next-generation AI data centre technologies while providing our students and researchers with valuable real-world experience. Together, we are helping to build a robust pipeline of skilled professionals who will support Singapore’s ambitions in sustainable and AI-driven digital infrastructure.”
Ms Joan Tay, Senior Director, NUS Centre for Future-ready Graduates: “NUS’ partnership with STT GDC is timely, as demand grows for skilled professionals to manage complex, high-density AI infrastructure. Through internships, training, industry engagement and access to recognised certification, we bridge education and industry to equip students with the skills and experience needed to thrive in today’s fast-evolving digital infrastructure space.”
On 8 November 2025, Dubai hosted Russian Design Forum 4, the only professional forum for Russian-speaking interior designers and architects in the Middle East. The event was part of Dubai Design Week, which highlighted its importance for the regional design industry and strengthened the position of the Russian-speaking community in the professional environment of the UAE. The forum, organised by Olga Melnikova, founder of the Russian-speaking design […]
SINGAPORE – Media OutReach Newswire – 15 January 2026 – Franchising & Licensing Asia (FLAsia), Asia’s leading franchising and licensing trade event, will return from 13–15 August 2026 at Sands Expo and Convention Centre, Singapore.
Organised by MP Singapore, and presented by the Franchising & Licensing Association (Singapore), FLAsia 2026 marks a new chapter for the long-running industry event as it enters its 21st edition under a new organiser partnership. The appointment of MP Singapore brings expanded regional reach, deeper industry engagement and a strengthened focus on business outcomes for exhibitors and visitors across Asia.
FLAsia 2026 is expected to welcome more than 7,000 trade visitors and over 250 exhibiting brands from franchising, licensing, character IP, retail concepts and emerging business models. The event will continue to serve as a central marketplace for brand owners, franchisors, licensors, investors and entrepreneurs to connect, explore partnerships and identify expansion opportunities across regional and international markets.
Building on the momentum from previous edition, the Brand Licensing Village will return in 2026. The dedicated zone will spotlight locally developed intellectual property that has already been successfully commercialised, offering visitors a focused platform to discover market-ready IP, connect with licensing experts and explore collaboration opportunities across categories. The Licensing Village reinforces FLAsia’s role in supporting IP growth and brand extension within the region’s licensing ecosystem.
On the franchising front, the Chinese Franchise Conference will make a return, reflecting continued interest from Chinese brands and investors seeking expansion opportunities across Southeast Asia and beyond. Curated in collaboration with key industry stakeholders, the conference will provide targeted insights, market perspectives and networking opportunities for Chinese franchise brands and regional partners.
FLAsia 2026 will also feature international pavilions and brand participation from key markets, with brands from Korea, Thailand and other regional economies expected to be present, further strengthening the show’s international profile. Alongside the exhibition showcase, the event will include curated business sessions, industry sharing, talent and career touchpoints, and dedicated zones highlighting innovation, IP development and brand growth, reinforcing FLAsia’s position as a leading gateway for franchising and licensing opportunities in Asia.
“Partnering with MP Singapore marks a dynamic leap forward for FLAsia. Together, we’re amplifying the event’s influence and reach, ensuring the franchising and licensing community thrives as the industry surges across Asia.” Mr Gan Shee Wen, President, Franchising & Licensing Association (Singapore).
“FLAsia is a well-established platform with strong industry trust, and we are pleased to be organising the event for the first time. By leveraging on MP’s global network, we will connect brands, partners and stakeholders in a way that will foster an environment that encourages collaboration, supports quality participation and drives tangible outcomes for both exhibitors and visitors. We are excited to grow FLAsia alongside the industry in the years ahead.” Jason Ng, Managing Director of MP Group.
Franchising & Licensing Asia has, over the years, established itself as a key business platform for brands seeking growth, market entry and partnership opportunities in Asia. With Singapore as its springboard, the event continues to attract regional and international participation, reinforcing its role as a gateway to Asian markets.
The issuer is solely responsible for the content of this announcement.
About FLAsia
Franchising & Licensing Asia (FLAsia) – 21st Edition – Asia’s leading marketplace for franchising and licensing, FLAsia brings together reputable brand owners, business leaders, investors, and entrepreneurs to create a dynamic platform for accelerating business growth, expanding professional networks, and increasing brand visibility across the vibrant Asian market. FLAsia provides the chance for exhibitors to showcase unique business concepts, engage in face-to-face meetings with high quality visitors and create meaningful business connections. Visitors get to connect directly with brand owners, franchisors, licensors, industry experts, and like-minded leaders, attend insightful conferences, and access high quality business opportunities.
About Franchising and Licensing Association (Singapore)
Franchising and Licensing Association (FLA Singapore), one of the founding members of the World Franchise Council, was established in 1993 with the mission to nurture and develop Singapore’s franchising industry. An essential component of Singapore’s knowledge-based economy, FLA Singapore promotes and facilitates the use of franchising, licensing and branding as a growth strategy for Singapore enterprises, thus contributing to turning Singapore into a regional franchise and license hub.
Through its partnership with Singapore government agencies and international franchise and license bodies, FLA Singapore also assists its members in their international development programmes. With an active growing membership of close to 150 companies, representing more than 250 strong brands, FLA (Singapore) is led and managed by a dedicated team of advisors, committee members and a full-time secretariat with the goal of supporting Singapore companies to expand internationally.
About MP Singapore
The MP Singapore (MP) is a global full-service agency that specialises in connecting and building eco-systems, industry engagement, events management and marketing. Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.
MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.
The recognition of MIR Holding subsidiaries at FO.GE.CA illustrates the potential of African companies to establish themselves beyond their domestic markets
DAKAR, SENEGAL – EQS Newswire – 29 December 2025 – In the margins of the 18th edition of the Forum of Operators for the Guarantee of Economic Emergence in Africa (FOGECA), held from 18 to 20 December 2025 in Dubai, several subsidiaries of MIR Holding SAS (https://MIRHolding.Odoo.com) were recognized for the quality of their achievements, their operational structuring, and their ability to operate sustainably in demanding international economic environments.
FOGECA has established itself as a high-level economic forum bringing together each year business leaders, investors, financial institutions and public decision- makers from Africa, the Middle East, Europe and Asia. The distinctions awarded during the forum aim to recognize companies that demonstrate, beyond discourse, a genuine capacity for execution, strong governance, and measurable, long-term value creation.
Three companies recognized across strategic sectors
Among the MIR Holding group entities recognized this year are three companies operating in key strategic sectors:
JC Maclean International, specializing in high-end fit-out and interior design for residential, commercial and corporate projects. Based in Dubai, the company has distinguished itself through its technical rigor, its ability to manage complex projects, and its strict adherence to international standards in quality, timelines and safety.
Moustev Limousine Dubai, a premium VTC and chauffeur-driven transport company, recognized for its integrated approach and its capacity to support corporate clients in managing their mobility needs, particularly in multicultural and multi-country contexts. Its model is built on service reliability, operational responsiveness and adaptability to both local and international environments.
Majestic Living Properties, a real estate platform focused on development, marketing and investment advisory for residential and commercial assets. The company was recognized for its vision of real estate investment, combining transparency, asset quality and customer experience, particularly across Africa–Middle East investment flows.
A recognition rooted in long-term structuring
For MIR Holding SAS, these distinctions are not an end in themselves but rather the outcome of a long-term structuring process. They reflect the ability of companies originating from an African group to grow, attract talent and operate successfully within major global economic hubs, while maintaining a pragmatic and disciplined understanding of markets.
Present in Dubai during the forum, Mouhamad Dieng, Founder and CEO of MIR Holding and President of the Mouhamad Rassoul Dieng Foundation, emphasized that this trajectory is above all the result of entrepreneurial discipline, method and long- term vision.
“These distinctions primarily recognize the work of committed teams and the strength of business models built to last. They demonstrate that starting from local realities, and remaining demanding in terms of structuring and governance, it is possible to build companies capable of operating at the highest international level,” he stated.
Originally from Senegal, Mouhamad Dieng highlighted that this international recognition also carries a message of inspiration for young Senegalese and African entrepreneurs, illustrating a path to success grounded in hard work, rigor and the ability to think globally without renouncing one’s roots.
A strong signal for Senegal’s economic ecosystem
At a time when Senegal is seeking to strengthen the role of its private sector within regional and international value chains, the recognition of MIR Holding subsidiaries at FOGECA illustrates the potential of African companies to establish themselves beyond their domestic markets.
Through its various entities, MIR Holding SAS continues to pursue a development strategy based on the structuring of robust companies, the upgrading of service offerings, and expansion into high-value markets, particularly between Africa and the Middle East.
The distinctions awarded in Dubai are part of a broader dynamic in which credibility is built through results, consistency and the ability to generate tangible economic impact.
Distributed by APO Group on behalf of MIR Holding.
Hashtag: #MIRHolding
The issuer is solely responsible for the content of this announcement.
BNW Developments has unveiled the Tonino Lamborghini Residences on Al Marjan Island, marking the first time the Italian luxury lifestyle brand has anchored a residential project in Ras Al Khaimah and setting a new benchmark for branded waterfront living in the northern emirate. The launch positions the privately held developer behind what it describes as Ras Al Khaimah’s largest private real estate venture at the centre of a market drawing growing international investor interest.
The project brings together BNW Developments and Tonino Lamborghini, the brand founded by the son of the legendary Italian carmaker, to deliver a design-led residential community that blends Italian heritage with contemporary coastal architecture. Planned as a large-scale, master-planned development, the residences are set on Al Marjan Island, a man-made archipelago that has emerged as the emirate’s most prominent tourism and lifestyle hub.
Executives involved in the announcement said the collaboration reflects a deliberate strategy to move beyond conventional luxury offerings towards globally recognised branded residences that command long-term value. For Ras Al Khaimah, the development underscores a shift towards higher-end projects aligned with the emirate’s tourism and economic diversification agenda, particularly as hospitality, leisure and residential segments converge along the coastline.
The Tonino Lamborghini Residences are being positioned as ultra-luxury waterfront homes, with interiors inspired by Italian craftsmanship and modern European aesthetics. Design elements are expected to reflect the brand’s signature language, incorporating bespoke materials, curated finishes and lifestyle-focused amenities. While detailed specifications and unit pricing have not been formally disclosed, the developer has indicated that the project targets high-net-worth buyers seeking branded homes with strong rental and capital appreciation potential.
BNW Developments has expanded rapidly within Ras Al Khaimah’s real estate sector, capitalising on policy reforms, infrastructure spending and rising tourism flows. Al Marjan Island, in particular, has become a focal point for premium residential and hospitality investments, supported by new resorts, entertainment attractions and improved connectivity. Property consultants tracking the market say branded residences on the island are increasingly appealing to overseas buyers from Europe, Asia and the wider Middle East, drawn by comparatively attractive entry prices and long-term growth prospects.
The arrival of Tonino Lamborghini adds another internationally recognised name to the island’s evolving skyline, reinforcing a trend in which global lifestyle brands are lending their identity to residential projects across the UAE. Analysts note that branded developments typically command a premium over non-branded counterparts, supported by perceived quality assurance, curated services and brand-driven design consistency.
Industry observers also point to Ras Al Khaimah’s regulatory environment and measured approach to development as factors supporting sustained demand. Unlike more saturated markets, the emirate has emphasised phased growth, balancing tourism expansion with residential supply. This has helped maintain pricing discipline while attracting developers focused on differentiated offerings rather than volume-led construction.
For BNW Developments, the Tonino Lamborghini partnership is intended to elevate its profile beyond a regional developer into a player capable of executing globally benchmarked luxury projects. Company officials have described the residences as a long-term investment in brand equity, aligning the developer with an internationally known lifestyle name while contributing to the emirate’s ambition to compete with established luxury destinations.
Tonino Lamborghini’s leadership has framed the project as a natural extension of the brand’s presence in hospitality, accessories and interior design, translating its identity into a residential environment shaped by coastal living. The brand’s involvement is expected to extend beyond naming rights to include design oversight and lifestyle integration, a factor often scrutinised by buyers in the branded residences segment.
Dubai has built its reputation as one of the most business-friendly cities in the Middle East. With a strong regulatory framework, world-class infrastructure, and a steady influx of international professionals, the emirate continues to attract entrepreneurs, executives, and investors from around the globe. In such a dynamic environment, efficiency is not a luxury—it is a necessity. Business travelers arriving in Dubai often face tight schedules, multiple meetings […]
The United Arab Emirates has consolidated its standing in 2025 as one of the world’s fastest-growing economies, underpinned by a surge in non-oil activity, sustained investment inflows and a regulatory framework designed to attract capital and talent. Data released through the year point to broad-based expansion across trade, manufacturing, logistics, tourism, finance and technology, reinforcing a shift away from hydrocarbons as the primary engine of growth.
Non-oil foreign trade climbed 24.5 per cent in the first half of 2025 to AED1.7 trillion, a pace that far exceeds the prevailing global trade growth rate. The increase reflects rising re-exports, stronger demand from Asia, Europe and Africa, and the UAE’s role as a commercial bridge linking major markets. Officials have highlighted gains in machinery, electronics, precious metals, food products and pharmaceuticals, supported by expanded port capacity, faster customs procedures and new trade agreements.
Investment indicators have moved in tandem with trade. The UN Conference on Trade and Development’s World Investment Report 2025 ranked the UAE 10th globally for inbound foreign direct investment in 2024, with inflows of AED167.6 billion. That placing keeps the country among the world’s most attractive destinations for capital, alongside much larger economies, and underscores confidence in the policy environment, infrastructure and legal protections available to investors.
Economic planners attribute the momentum to a combination of structural reforms and targeted incentives. Liberalised ownership rules, long-term residency options for professionals and entrepreneurs, and streamlined licensing have lowered barriers for international firms. Specialised free zones continue to draw companies in logistics, clean energy, advanced manufacturing, fintech and digital services, while onshore jurisdictions have simplified company formation and compliance.
Non-oil GDP growth has been supported by strong domestic demand and an expanding population of skilled workers. Tourism has posted record levels of hotel occupancy and visitor spending, aided by expanded air connectivity and major events that have kept demand resilient across seasons. Retail and hospitality have benefited from rising consumer confidence, while real estate transactions have remained active across residential, commercial and industrial segments.
Manufacturing has emerged as a key contributor, with investments flowing into metals, food processing, pharmaceuticals and building materials. The push to localise supply chains and boost exports has been reinforced by incentives for advanced manufacturing and the adoption of automation and artificial intelligence. Renewable energy and clean technology projects have also attracted capital, aligning economic growth with climate commitments.
The financial sector has played a central role in channelling investment. Banks have reported healthy credit growth to businesses, while capital markets have seen new listings and debt issuance that broaden funding options. Asset managers and private equity firms have expanded regional operations, using the UAE as a base for Middle East, Africa and South Asia strategies. Regulatory clarity in digital assets and fintech has further widened the investor base.
Trade policy has complemented domestic reforms. Comprehensive economic partnership agreements have reduced tariffs and opened access to fast-growing markets, supporting exporters and logistics providers. Improved customs digitisation has shortened clearance times, enhancing the country’s competitiveness as a trans-shipment hub. The scale of non-oil trade growth indicates that these measures are translating into higher volumes rather than merely price effects.
Oman’s sovereign wealth fund arm ITHCA Group has entered a strategic investment partnership with Saudi Vision Venture Capital, marking a significant step in Muscat’s efforts to deepen the funding pool and regional reach available to start-ups based in the sultanate. The agreement is designed to give Omani founders structured access to the Saudi investment ecosystem, one of the largest and fastest-growing venture capital markets in the Middle […]
Abu Dhabi-listed Two Point Zero Group has moved to full ownership of fintech platform Maseera, completing the acquisition of the remaining minority stake and consolidating its position in the fast-growing digital finance space. The transaction marks another step in the group’s strategy of scaling consumer-facing financial services across the Middle East and North Africa through tightly integrated platforms. Two Point Zero confirmed that its subsidiary, E Point […]
Dubai-based Binghatti has completed what it describes as the most expensive residential penthouse transaction ever recorded in the Middle East, selling a single ultra-luxury home for AED550 million at its Bugatti Residences development in Business Bay, underlining the depth of demand for trophy assets in the emirate’s high-end property market.
The sale centres on a 47,200-square-foot penthouse within Bugatti Residences by Binghatti, the world’s first residential project branded by the French luxury marque. The developer said the transaction reflects sustained appetite from global ultra-high-net-worth buyers seeking rare, branded homes in prime Dubai locations, even as other global luxury markets face slower momentum.
Dubai lands a record luxury penthouse deal has become the shorthand among brokers for the transaction, which eclipses earlier benchmark sales in the region and places Dubai among a small group of global cities capable of sustaining nine-figure residential deals. Industry executives say the scale of the sale reinforces the city’s shift from being a regional wealth hub to a global destination for capital preservation and lifestyle-driven investment.
Bugatti Residences, located along the Dubai Water Canal in Business Bay, has been positioned as a statement project blending automotive-inspired design with high-end residential living. The penthouse includes multiple private terraces, bespoke interiors, and exclusive amenities tailored to the Bugatti brand ethos, according to details released by the developer. Residents are offered services and facilities that mirror ultra-luxury hospitality standards rather than conventional apartment living.
Property consultants tracking prime residential markets say such sales are no longer isolated events in Dubai. Over the past few years, the city has recorded a rising number of transactions above AED100 million, driven by buyers from Europe, Asia, and the Middle East, as well as family offices and entrepreneurs relocating operations or assets to the UAE. The combination of regulatory clarity, long-term residency pathways, and the absence of personal income tax continues to weigh heavily in purchasing decisions.
Binghatti has emerged as a prominent player in this segment by pairing architecture-led developments with globally recognised brands. The Bugatti partnership followed earlier branded collaborations and marked a strategic shift towards ultra-premium projects aimed at a narrow but financially powerful buyer base. Executives close to the company say the strategy is designed to differentiate its portfolio in a market that has become increasingly competitive at the luxury end.
Business Bay itself has evolved from a primarily commercial district into a mixed-use zone attracting high-end residential investment. Proximity to Downtown Dubai, waterfront views, and improved infrastructure have supported pricing growth, with branded residences commanding a significant premium over non-branded counterparts. Analysts note that buyers at this level are less sensitive to price cycles and more focused on exclusivity, security, and global status.
The penthouse sale also reflects a broader trend of branded residences outperforming traditional luxury housing in Dubai. International fashion houses, automotive brands, and hospitality groups have increasingly licensed their names and design philosophies to residential projects, tapping into buyer loyalty and global recognition. Developers argue that branding provides assurance on quality and long-term value, while buyers view such homes as collectible assets rather than purely functional residences.
Market data compiled by leading consultancies shows that Dubai has consistently ranked among the world’s most active markets for luxury home sales above $10 million, often rivaling London, New York, and Hong Kong in transaction volumes. While macroeconomic uncertainty persists globally, the UAE’s positioning as a politically stable, business-friendly jurisdiction has insulated its top-tier property segment from sharper corrections seen elsewhere.
For Binghatti, the transaction serves both as a financial milestone and a branding exercise. Selling a single residence at AED550 million places the developer in a rare category and strengthens its negotiating position for future collaborations and land acquisitions. Company officials have signalled that demand for Bugatti Residences remains strong, with several units already allocated to international buyers seeking full-floor or customised layouts.
On December 11, at W Dubai – The Palm, Entrepreneur Middle East hosted the Leadership Awards 2025 — one of the region’s key business events recognizing outstanding entrepreneurs and industry leaders whose work is shaping the economic and technological landscape of the Middle East. In the Fintech Leader of the Year category, the award was presented to Alexander Lozben, founder of INTERHASH and one of the notable […]
Dubai once again became a hub for celebrating business excellence as industry leaders gathered at W Dubai – The Palm for the Entrepreneur Middle East Leadership Awards 2025. Among the standout honorees was Faruh Kurbanov, Co-Founder of DIA Holding, who received the Real Estate Leader of the Year award — a recognition of his growing influence on the region’s development landscape. The annual awards highlight executives who […]
Arabian Post Staff -Dubai Abu Dhabi’s move to establish an investment corridor with China gained further traction after the Abu Dhabi Investment Office confirmed a strategic partnership with China International Capital Corporation aimed at expanding two-way capital flows and creating a formal framework for long-term collaboration. The initiative positions the emirate to attract a new wave of Chinese companies while giving institutional investors in Abu Dhabi structured […]
Abu Dhabi’s transformation into a leading centre for digital asset regulation is gathering global recognition, with legal and financial experts pointing to its advanced regulatory framework and investor-friendly environment as key drivers for growing crypto-sector confidence.
At the sidelines of Abu Dhabi Finance Week, compliance specialist Magdalena Boškić of Swiss firm Kellerhals Carrard declared that the UAE has firmly established itself as a global hub for digital-asset businesses, drawing major international players thanks to robust legislation and transparent licensing regimes. She highlighted the role of regulatory bodies such as the Financial Services Regulatory Authority at Abu Dhabi Global Market, the Virtual Assets Regulatory Authority in Dubai, the Dubai Financial Services Authority, and the Central Bank of the UAE, describing their collective efforts as among the most advanced globally.
Under the UAE’s multi-jurisdictional model, companies involved in trading, custody, asset-management or tokenisation can select the regulatory framework that matches their business model, offering flexibility without sacrificing oversight. The regime is built on principles like technology neutrality, activity-based licensing and strict compliance with investor-protection standards — features that offer legal clarity and attract institutional as well as retail participation. Boškić noted that this environment has led several prominent Swiss digital-asset banks such as Sygnum and AMINA to expand their presence in the Emirates.
A 2025 ranking by the Global Finance & Technology Network, in collaboration with consultancy Arthur D. Little, placed the UAE alongside jurisdictions such as Switzerland and Singapore among the most advanced globally for crypto regulation. The report credited the UAE for its comprehensive approach to tokenised assets, stablecoins, virtual-asset service providers and other fintech innovations — moving the country from ambition into execution.
Institutional adoption has risen sharply. Data on inflows between mid-2023 and mid-2024 show digital-asset investments of more than US$30 billion — roughly 10 percent of the Middle East and North Africa region’s total — with institutional-sized transfers jumping about 55 percent year-on-year. Simultaneously, retail participation has surged; the number of daily active crypto traders in the UAE has reportedly crossed 500,000, underscoring broad public engagement with digital-asset markets.
Fiscal incentives have added to the appeal. The absence of personal income tax or capital-gains tax, combined with exemptions on value-added tax for trading and conversion of virtual assets, offers one of the most favourable tax regimes globally. These conditions, combined with regulatory clarity, help explain the influx of both specialized crypto firms and traditional financial institutions adapting to digital-asset offerings.
The expansion also includes the tokenisation of real-world assets — such as real estate, aviation and even sovereign bonds — indicating that the UAE’s digital-asset market is evolving beyond speculative cryptocurrency trading into structured financial instruments. This opens pathways for sophisticated investors and enterprises seeking to integrate blockchain-based financing or asset-tokenisation into mainstream operations.
Still, rapid growth is not without risks. Observers caution that heightened crypto activity brings exposure to money laundering, unregulated peer-to-peer trading, cybersecurity threats and uneven investor protection. Regulators must balance fostering innovation with safeguarding financial integrity.
A milestone for regulatory trust came this week when Binance secured a global licence under the ADGM framework granted by the FSRA. The approval of the world’s largest crypto exchange underlines the UAE’s drive to cement its status as a credible, regulated base for digital-asset operations.
Dubai’s leadership has approved a landmark three-year fiscal plan totalling AED 302.7 billion in expenditure and AED 329.2 billion in projected revenues for the 2026-2028 period, marking the largest budget cycle in the emirate’s history. The approval came under Law No. 15 of 2025, signed off by His Highness Sheikh Mohammed bin Rashid Al Maktoum in his capacity as Vice-President and Prime Minister of the UAE and […]
Two-day forum explores AI and blockchain venture capital landscape, unveiling new global capital trends HONG KONG SAR – Media OutReach Newswire – 7 November 2025 – Cyberport’s flagship event, the Cyberport Venture Capital Forum 2025 (CVCF), achieved a record-breaking over 500 deal flows, with more than 2,700 attendees and over 180,000 online views. Themed “The Innovation-Venture Nexus: Igniting Transformative Success”, the two-day forum, together with highlight events […]
Cyberport Welcomed 10 Listed Companies and 2 Unicorns over the past year Cyberport Investors Network (CIN) Celebrates 8th Anniversary with a Yearly Threefold Growth Cumulative Funds Surpassed HK$4.2 Billion HONG KONG SAR – Media OutReach Newswire – 6 November 2025 – The annual flagship event Cyberport Venture Capital Forum 2025 (CVCF) officially opened today at Hong Kong Cyberport. The two-day forum, themed “The Innovation-Venture Nexus: Igniting Transformative […]
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![Celebrating the official launch of the FutureGrid Accelerator; a new benchmark for HVDC-powered AI infrastructure in the region. [Pictured from left to right] Lim Kian Tiong, Chief Financial Officer, LITEON; Bruno Lopez, President & Group Chief Executive Officer, ST Telemedia Global Data Centres; Minister Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Trade and Industry; Professor Lam Khin Yong, Vice President (Industry), Nanyang Technology University Singapore; Brian Dow, Chief Executive Officer, Amperesand.](https://release.media-outreach.com/release.php/Images/725923/FutureGrid-Accelerator-1.jpg)
