DUBAI, 25th April, 2024 (WAM) — His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has inaugurated the landmark Dubai Reef project with the launch of the pilot reef modules.
A sustainable initiative by Dubai Can, Dubai Reef is the world’s largest marine reef development project and marks a pioneering step in Dubai’s efforts to promote ecological sustainability. Working around a plan to deploy 20,000 purpose-built reef modules of various sizes over a four-year period, Dubai Reef marks a significant endeavour for the city that will span a staggering 600 square kilometres across Dubai’s waters. The meticulously crafted design of the reef units will see them exceed 400,000 cubic metres in volume.
In line with the directives of H.H. Sheikh Hamdan and The Executive Council of Dubai, the Dubai Reef project is a city-wide collaboration uniting key partners to support the wider strategic goals and ambitions of Dubai and the UAE, including the Dubai Economic Agenda (D33), the UAE’s Green Agenda – 2030, and the UAE Net Zero 2050 strategy.
Sheikh Hamdan said: “The landmark Dubai Reef initiative is a testament to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Reef ecosystems are unique life sources and vital components in the protection of marine life. Dubai Can’s Dubai Reef project will inject vitality into our coastal waters and contribute to global conservation efforts. The project’s significant long-term environmental and socio-economic impacts will serve Dubai’s commitment to ensuring a sustainable future for generations to come.”
With an initial proof of concept championed by Ahmed Mohammed bin Thani and contractors HaejooX in 2021, the first modules have now been activated as part of the Dubai Reef pilot project. Working alongside the Dubai Department of Economy and Tourism (DET), the newly formed Dubai Environment and Climate Change Authority (DECCA) will be a critical partner in ensuring successful project delivery. As Director General of DECCA, His Excellency Bin Thani will continue to play a key role in supporting the Dubai Reef project and further strengthen the emirate’s advocacy in the realm of environmental protection and climate action. DP World; Dubai Chambers; Nakheel; the Ports, Customs and Free Zone Corporation; and Emirates join DET as strategic partners in the Dubai Reef project.
Helal Saeed Almarri, Director General of DET, said: “Aligned with the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and guided by the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, the Dubai Reef project showcases the emirate’s enduring commitment to sustainability and environmental conservation. This collaboration between public and private sector entities will see each partner bring their expertise to drive Dubai’s sustainable future and contribute towards achieving the ambitious goals set forth in the D33 Agenda.”
Ahmed Mohammed bin Thani, Director General of DECCA, said: “The Dubai Reef project will provide diverse environments to attract and stimulate fish and marine life. In 2021, we partnered with leading reef developer HaejooX to launch a two-year proof of concept, analysing the effectiveness of purpose-built reefs in Dubai. The study used advanced technologies and utilised a three-dimensional scanning system to understand the quantities and types of fish present. Preliminary data showed an abundant expansion in marine life.”
The Dubai Reef initiative is a strategic investment set to leave a lasting legacy in terms of protecting marine life and environmental sustainability. The project’s key drivers include enhancing biodiversity, safeguarding Dubai’s coastal and marine habitats, supporting fish populations, and increasing ecosystem resilience. The project will also encourage environmental stewardship, strengthen socio-economic prosperity and ecotourism, and preserve Dubai’s marine heritage.
The project has won over renowned investor Ray Dalio who is involved in various philanthropic initiatives and takes a keen interest in ocean exploration and conservation. “I love this audacious Dubai Reef project because it will be a remarkable contribution to the world’s understanding of the benefits of ocean restoration and as well make the Dubai environment healthier and provide an incredible recreation park. Once again, Dubai is pursuing an ambitiously great project, this time under the visionary guidance of His Highness Sheikh Hamdan. It is an amazing project in an amazing place under amazing leadership,” he said.
Hamdan bin Mohammed inaugurates landmark Dubai Reef sustainability initiative with launch of pilot modules
Bayanat, Yahsat shareholders approve merger to create SPACE42
ABU DHABI, 25th April, 2024 (WAM) — Bayanat AI PLC (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (ADX: YAHSAT), the UAE’s flagship satellite solutions provider, announced today that their shareholders have approved the proposed merger of the two Abu Dhabi-headquartered entities. The merger will create SPACE42, a global AI-powered space technology champion based in the Middle East North Africa (MENA) region with global reach.
The merger was initially proposed by the respective Boards of Directors on 18 December 2023, and is expected to become effective by mid-2024. The new entity will consolidate Bayanat’s advanced Geospatial Artificial Intelligence (AI) capabilities with Yahsat’s advanced Satellite communications capabilities to create new space-based services that will have a significant positive impact on societies and economies. SPACE42 will provide an expanded scope of service offerings and vertical integration opportunities, enabling it to offer a differentiated value proposition, utilize economies of scale and improve profitability across the value chain.
Commenting on this significant milestone, Mansoor Al Mansoori, Chairman Designate of SPACE42, said: “The creation of SPACE42 exemplifies the forward-thinking vision of the UAE’s wise leadership, which emphasizes on innovation as a key driver of advancement and sustainable development. By combining two of the country’s leading space titans, the UAE continues to make major strides on a global scale to push the boundaries of this sector, foster economic growth, develop world-class talent, and advance scientific exploration. Building upon its enormous capabilities, the new entity is poised to play a significant role in realizing the ambitious objectives outlined by the National Space Strategy 2030 and the National Strategy for Artificial Intelligence 2031. SPACE42 will cultivate an AI-powered ecosystem that will further transform the sectors. Undoubtedly, the wider space community will benefit from the UAE’s space advancements.”
Karim Sabbagh, Managing Director Designate of SPACE42, said: “Bayanat and Yahsat have laid strong foundations for SPACE42 to build upon with enormous potential to disrupt the space-tech industry. With the combined expertise of both businesses, SPACE42 brings a unique offering to the market, merging satellite communications, geospatial intelligence and AI to pioneer innovative solutions. The merger marks a significant step for shareholders and underscores our commitment to advance the UAE’s position as a global AI-powered SpaceTech leader.”
SPACE42 has significant potential for growth, both regionally and globally, and is poised to become one of the world’s most valuable publicly listed space companies. With a combined revenue of AED 2.8 billion and net income of AED 639 million based on the recent 2023 financial results, SPACE42 is well positioned to bring increased value to all stakeholders with the potential for significant synergies. Its strengthened financial position will be supported by a Financial Framework that will prioritize investments in sustained business growth and expansion, while ensuring robust profitability and attractive returns to shareholders.
Leveraging the strengths of Bayanat and Yahsat will create a global champion providing AI-powered geospatial and mobility solutions, Earth Observation, satellite communications, IoT, and business intelligence to expand our services to UAE Government anchor customers and seize commercial opportunities across regional and international markets.
The merger is subject to further regulatory approvals in the UAE and internationally. Both companies will continue to operate independently until the merger is effective.
Inaugural future mobility event DRIFTx kicks off in Abu Dhabi
ABU DHABI, 25th April, 2024 (WAM) — Abu Dhabi’s inaugural DRIFTx, an international platform and exhibition for smart, autonomous, and sustainable urban mobility applications across air, land, and sea, kicked off today at Yas Marina Circuit. The event gathered 80 international mobility experts and innovators and 75 global exhibitors igniting discussions on the latest trends and showcasing innovations and breakthroughs in transportation and sustainable mobility.
The event is held in collaboration with the Department of Municipalities and Transport (DMT), the Abu Dhabi Investment Office (ADIO), Abu Dhabi’s Smart and Autonomous Vehicle Industry (SAVI) cluster, Bayanat, and key local and international strategic partners.
Abu Dhabi’s strategic initiatives in transforming urban mobility and infrastructure were showcased at the event, in a fireside chat between H.E. Mohamed Ali Al Shorafa, Chairman, Department of Municipalities and Transport, and Hasan Ahmed Al Hosani, Managing Director, Bayanat, discussing the role of public-private partnerships in driving innovation and implementation, challenges and successes in integrating traditional transport with new mobility solutions and future goals and projections for Abu Dhabi’s urban mobility landscape.
H.E. Mohamed Ali Al Shorafa, Chairman, Department of Municipalities and Transport, said: “Abu Dhabi has all the right components to take the future of mobility to the next level. We have a forward-looking government, agile and aligned stakeholders from both the public and private sectors, and we have some of the best infrastructure in the world. That’s why we’re continuously partnering with the world’s most exciting innovators across mobility who are attracted to the Abu Dhabi’s leading proposition. This is an exciting time, throughout DRIFTx, you’ll get a glimpse of mobility products that will become operational in the immediate future.”
A talk on the Emirate’s Smart and Autonomous Vehicle Industry (SAVI) cluster was led by Nayef Shahin, Director of Innovation and Knowledge at ADIO. The cluster looks to position Abu Dhabi as a leading smart and autonomous vehicles hub, making significant contributions across air, land and sea mobility applications, with plans towards contributing AED 44 billion to Abu Dhabi’s GDP and creating between 35,000 to 40,000 jobs by 2045.
Nayef Shahin spoke about the importance of ensuring the right elements are in place to attract the world’s best innovators into the SAVI ecosystem: “At SAVI we have prioritised research and development, we have the capabilities to test products and we’re now developing manufacturing capabilities. We’re also collaborating with all necessary private and public stakeholders to ensure our innovative solutions have real-world impact. As a result of this, we believe that flying taxis will be operational in Abu Dhabi in the near future.”
Convening global leaders in air mobility, JoeBen Bevirt, CEO, Joby Aviation, Adam Goldstein, CEO, Archer Aviation and Aqeel Ahmed Al Zarouni, Assistant Director General, Aviation Safety Affairs discussed the latest advancements in drone technology, eVTOL aircrafts, and the opportunities and challenges for integrating them into within existing urban infrastructure in addition to the current regulatory landscape governing urban air mobility. This was followed by an insightful conversation with Abdulla Mohammed Alashram, Group CEO, 7X, Nicolas Petrovic, CEO, Etihad Rail Mobility, Dr. Noura Al Dhaheri, CEO – Digital Cluster – AD Ports Group Maqta Gateway, Mohamed Al Dhaheri, CEO, Technology Holding Company, and Svilen Rangelov, CEO of Dronamics on the evolving landscape of last-mile delivery, highlighting the role of drones, autonomous vehicles, and AI in optimizing logistics.
Adam Goldstein, CEO and Founder of Archer Aviation, said: “At DRIFTx you have an opportunity to glimpse into the future, which is incredibly fascinating. Abu Dhabi offers a unique opportunity, there is an exciting energy here, and at Archer we’re collaborating with partners leveraging the support of the Emirate’s enabling ecosystem.”
A first of its kind global event, DRIFTx is showcasing a never-before-seen display of flying taxis, driverless cars, and autonomous boats, and other one-of-a-kind experiences for its 3000+ attendees. The participants are made up of representatives from the global mobility ecosystem, including multi-national organizations, governments, investors, academia, regulatory bodies, the global start-up community, and civil society.
Joby Aviation signed a multilateral MOU with the Department of Municipalities and Transport – Abu Dhabi (DMT), the Abu Dhabi Department of Economic Development (DED) and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) to support and scale Joby air taxi services in the UAE.
ADIO has also singed a framework agreement with Archer Aviation to accelerate Archer’s planned commercial air taxi operations in the UAE, slated to launch as soon as next year. Furthermore, ADIO announced its collaboration with electric seaglider pioneer, Regent to support and attract investment for seaglider development and manufacturing at the Smart and Autonomous Vehicle Industry (SAVI) cluster.
The event’s 20 local and international partners have a significant stake in the future of mobility, and seek to generate lasting breakthroughs globally. The diverse entities each bring their own unique innovations, expertise, and cutting-edge technology to DRIFTx. The Abu Dhabi Department of Municipalities and Transport (DMT) is the event’s hosting partner while Bayanat is an anchor partner.
Bayanat is showcasing a range of groundbreaking technologies including TXAI, Robo Minibuses, Airwolf eVTOL hoverbike demo model, and advanced drones. As part of its dedicated pavilion, Bayanat will host leading smart mobility providers from around the world, fostering collaboration and exchange of ideas to advance the future of urban mobility.
Joining as ecosystem partners are the Abu Dhabi Investment Office (ADIO) who seek to reinforce the UAE’s emergence as a global capital for advanced urban mobility through SAVI, Abu Dhabi’s Smart & Autonomous Vehicle Industry Cluster – who is also represented as an ecosystem partner.
The event also featured innovative displays and demos by strategic partners at DRIFTx which include: The Abu Dhabi Chamber, Joby, Emirates Driving Company, 7X, Multi Level Group, Archer, Abu Dhabi Ports, Etihad Rail, EDGE, Plug and Play, Startupbootcamp, United Arab Emirates University (UAEU), Abu Dhabi SME Hub, CharIn and LabCardi.
Commenting on the partnership, H.E. Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber of Commerce and Industry, said: “The sponsorship of the Chamber, in conjunction with our strategic collaboration with DRIFTx, is aimed at bolstering the business sector in Abu Dhabi, given its significant role in promoting growth and prosperity across various commercial and industrial sectors, including smart and sustainable transportation sector, as well as the advanced technologies and artificial intelligence sectors.”
Al Qubaisi further commented: “DRIFTx opens up a world of potentials for entrepreneurs and local businesses to invest, collaborate, share knowledge, and discover the most recent systems, solutions, and technologies in the realm of smart and sustainable transportation. This will bolster the relentless endeavors of the Emirate of Abu Dhabi to drive forward its status as a global hub for sustainable transport. The event also strengthens initiatives from both the government and private sectors to embrace smart, eco-friendly transportation and foster an innovative ecosystem.”
Across the two days, attendees will experience live demonstrations across air mobility, including: the Drone Champions League Big Drone and Wings Logistics demonstrated Hub intra city passenger taxi, and a short-range light cargo drone which performed flying demonstrations within the event space.
Space Falcon performed live demonstrations from its autonomous surveillance and monitoring drones that have a docking station solution. Across land mobility, A2Z demonstrated their remote-control system, while WeRide showcased their autonomous vehicles and Fugro demonstrated the Blue Shadow.
‘TRENDS’ presents research paper on advancing circular economy at World Sustainability Summit
ABU DHABI, 26th April, 2024 (WAM) — TRENDS Research and Advisory has actively engaged in the World Sustainability Summit 2024, which was hosted by the SEE Sustainability Institute at its headquarters in Sustainable City, Dubai, from 25th to 26th April.
Mouza Almarzooqi, Head of Economic Studies at TRENDS, represented the Centre and unveiled the findings of a research paper titled “Technology: Enhancing the Circular Economy and Global Sustainable Growth—Lessons Benefited in Developing Countries”. Her presentation was a highlight of a pivotal session focused on “Circular Economy Innovations.”
The event, known as the “World Sustainability Summit 2024,” serves as a global forum for industry experts, scholars, and researchers to convene, share insights, and discuss sustainability-related topics. It spotlights innovative initiatives addressing circular economy challenges and strategies for building smart, resilient cities and communities.
Almarzooqi said technology plays an essential role in advancing the circular economy. While the concept entails maximising resource efficiency for economic growth, Almarzooqi highlighted the necessity of integrating modern technology to transition effectively to this model. Her research paper delves into this intersection, examining global case studies to understand how technology can optimise various aspects of the circular economy.
Further, Almarzooqi outlined the research methodology, which involved analysing successful international transitions to a circular economy. The paper concludes by identifying several pivotal roles for technology in fostering sustainability and economic prosperity. These include advocating for government regulations that strike a balance to support circular economy practices and urging corporations to align profitability objectives with commitments to human capital and environmental objectives for sustainable development.
She highlighted the need for multifaceted actions and diverse strategies to accelerate adopting and shifting to circular economic models in developing countries. This transition is crucial for bolstering their resilience to crises and achieving sustainable development objectives. The research underscores the importance of leveraging technology’s positive aspects while mitigating its costs. Key measures include enhancing environmental and corporate governance indicators.
Almarzooqi emphasised the study’s recommendation to focus efforts on various fronts, such as concessional financing, investments in education and training, regional integration, and the development of environmental and corporate governance metrics. These indicators encompass assessments for both public sector entities and local governments.
She remarked that the research study concluded the necessity of establishing advanced models of production efficiency to foster supply chain development. This ensures more effective utilisation of technology to bolster circular economy growth while curbing waste generation through technology adoption tailored to various production modes. Additionally, it underscores the importance of motivating national companies to lead in technological innovation within the circular economy.
Almarzooqi elaborated that the successful integration of technology to support the circular economy hinges on strengthening the ties between circular economy sectors and national economies. Furthermore, she emphasised the imperative of a balanced approach in selecting technological innovations, prioritising those aimed at reducing greenhouse gas emissions and promoting sustainable economic development.
FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences
Dubai, 24 April 2024: For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC, which is set to take place on 6-7 May at Madinat Jumeirah.
Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.
The global FinTech sector is rapidly growing and is predicted to be valued at USD 608bn globally by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the MENA FinTech market is expected to register a CAGR of over eight per cent during the period 2024 to 2029.
Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.
Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all.”
With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. More than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Dr. Philmnisi, Governor, Central Bank of Eswatini; H.E. Cheaserey, Governor National Bank of Cambodia; H.E. Martin Galstyan, Governor, Central Bank of Armenia; H.E. John Rwangombwa, Governor, National Bank of Rwanda; H.E. Prof. Edward Scicluna, Governor, Central Bank of Malta will participate in discussions during the two-day event. Adena T. Friedman, Chair & CEO of Nasdaq Inc; Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, President & CEO of State Street global advisors and Jim Demare, President global markets at Bank of America, along with many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.
In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.
The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 Memorandum of Understandings were signed with global financial leaders during the Summit.
END
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers, signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.
To register for the event, visit www.dubaifintechsummit.com.
Visitors can purchase tickets for the Dubai FinTech Summit 2024, with early bird prices ending soon.
For further enquiries, please contact:
Samia Ahmad
Assistant Manager, Marketing
DIFC Innovation Hub
samia.ahmad@difc.com
Tel:: +9714 362 2657
Shadi Dawi
Director of PR & Strategic Partnerships
Trescon Global
Mobile: +971 55 498 4989
UAE, Oman establish investment partnerships worth AED129 billion to deepen multi-sectoral cooperation
- ABU DHABI, 23rd April, 2024 (WAM) — A UAE-Oman Business Forum took place today, which saw the announcement of multiple agreements worth AED129 billion. The event was held on the sidelines of the visit of His Majesty Sultan Haitham bin Tariq, Sultan of Oman, to the UAE.
- Present at the forum were H.H. Sheikh Hamed bin Zayed Al Nahyan; Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure; Mohamed Hassan Al Suwaidi, Minister of Investment; Ahmed Ali Al Sayegh, Minister of State; Ammar Al Kharusi, CEO of Invest Oman; Sheikh Bader Al Hinai, Media and Communications Chief at Oman Investment Authority (OIA); Abdulaziz Al Shidhani, Managing Director of Hydrom; and a number of officials and business leaders from both countries.
- The agreements span renewable energy; green metals; railway connectivity; and investments in digital infrastructure and technology, in line with the agreements signed between the UAE’s Ministry of Investment and Oman’s Ministry of Commerce and Industry and Investment Promotion. These included:
- 1- An industrial and energy megaproject valued at AED117 billion, encompassing renewable energy initiatives, including wind such as solar and wind projects, alongside green metals production facilities. The signatories included Abu Dhabi National Energy Company (TAQA); Abu Dhabi Future Energy Company (Masdar); Emirates Global Aluminium (EGA); Emirates Steel Arkan (ESA); OQ Alternative Energy; and the Oman Electricity Transmission Company.
- 2- An AED660 million shareholder agreement to launch a technology-focused fund, signed by ADQ and OIA.
- 3- An agreement on a UAE-Oman railway connectivity project, valued at AED11 billion.
- 4- An investment cooperation agreement covering multiple sectors including digital infrastructure, food security, energy, transport and other areas of mutual interest. The agreement was signed by the UAE’s Ministry of Investment and Oman’s Ministry of Commerce and Industry and Investment Promotion.
- 5- A partnership agreement between Etihad Rail, Mubadala and Oman’s Asyad Group with a total investment value of AED3 billion.
- 6- A framework agreement to form a UAE-Oman alliance focused on enhancing bilateral economic and trade relations.
- Mohamed Hassan Al Suwaidi, Minister of Investment of the UAE, said, “The UAE and Oman have strong historical relations that are founded on shared values, goals and principles. The agreements represent a major milestone in our bilateral ties, as they pave the way for us to leverage our collective strength to realise our shared vision of advancement and prosperity.
- “The UAE distinguishes itself as one of the foremost nations globally in terms of investment and trade with the Sultanate of Oman, with non-oil trade volumes reaching approximately AED51 billion in 2023. The agreements signed today will serve to bolster relations across key sectors and foster socio-economic benefits, contributing towards a stable and prosperous future for both countries.”
- The UAE-Oman business forum was held to reaffirm the strong commitment of both countries to investment partnerships valued at around AED129 billion, and represents a major stride towards economic cooperation to drive growth and development through strategic investments between the two countries.
CDA launches relief campaign to support people impacted by heavy rains through Jood platform
- DUBAI, 23rd April, 2024 (WAM) — In line with the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to provide immediate assistance to people impacted by heavy rains, Dubai’s Community Development Authority (CDA) announced the launch of a relief campaign that seeks to facilitate community contributions towards this cause through the CDA’s ‘Jood’ platform.
- Launched under the umbrella of the ‘Committee for Assisting Weather-Affected Citizens in Dubai’ that was formed under the directives of Hamdan bin Mohammed, the ‘Tadhamon’ (solidarity) campaign provides an opportunity for private sector entities, businesspeople and members of society to extend their support to help people whose homes and properties were affected following the adverse weather conditions. As a member of the Committee, the CDA seeks to mobilise all available resources to offer diverse forms of support to the community.
- The integration of the initiative into the ‘Jood’ digital platform allows for seamless participation and monitoring of the campaign’s progress. Real-time updates on the support requirements and accomplishments will be easily accessible, ensuring maximum benefit for these individuals.
- Hessa bint Essa Buhumaid, Director-General of the Community Development Authority in Dubai, said that the response following the emergency weather event has vividly demonstrated the unity within the Emirati society and its resilience in times of crisis, both at the individual and organisational levels.
- “The Authority has received numerous requests for contributions from businesspeople and companies, all eager to lend a helping hand to those affected. Through the launch of the relief campaign on the ‘Jood’ platform, our goal is to streamline the process for community members and companies willing to support those impacted, making it convenient for them to provide financial assistance for damages to properties and homes,” Buhumaid said.
- Financial contributions will be directed towards assisting individuals affected by the weather conditions, including those registered with the Community Development Authority, as well as those affected individuals registered with charities, institutions, and participating entities on the ‘Jood’ platform.
- The ‘Jood’ platform serves as a pioneering platform for community contributions, inviting companies, businesspeople, institutions and individuals from diverse backgrounds to support the establishment of a robust and proactive social framework for care and empowerment. It serves as a trusted and approved channel for social responsibility contributions towards healthcare, education and social support programmes. The ‘Jood’ platform strives to achieve transparency and efficiency in harnessing societal contributions from companies while fostering collaboration among relevant authorities to bolster and advance the social sector in Dubai.
- The ‘Committee for Assisting Weather-Affected Citizens in Dubai’ is chaired by Omar Bushahab, CEO of the Mohammed Bin Rashid Housing Establishment. Members of the committee include Dubai’s Community Development Authority, Dubai Municipality, the Roads and Transport Authority, the Dubai Electricity and Water Authority, and the Department of Economy and Tourism. The committee is tasked with receiving and promptly addressing requests from citizens affected by the recent rains, ensuring that their concerns and needs are handled efficiently and effectively.
Hamdan bin Mohammed praises Dubai’s resilience, collective response through extreme weather situation
DUBAI, 23rd April, 2024 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, praised Dubai’s ability to overcome challenges and emphasised that the emirate – under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai – will continue to strengthen its standing as a global role model in every respect notwithstanding situations like the extreme weather events it experienced earlier in April.
Chairing a meeting of The Executive Council of Dubai today, Sheikh Hamdan commended the efforts of government and emergency response teams, including the Supreme Committee of Crisis and Disaster Management in Dubai, chaired by H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, in facing up to the testing situation brought on by the severe weather conditions.
Sheikh Hamdan also praised businesses, the wider community and volunteers for their cooperation and solidarity. “Dubai has once again demonstrated the strength and cohesiveness of its society; one that is based on unity, solidarity and readiness to face and overcome challenges. Dubai is blessed with its people and, on behalf of the leadership, we say: thank you.”
The meeting at Emirates Towers was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and Deputy Chairman of The Executive Council; and H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Deputy Chairman of The Executive Council.
During the meeting, Sheikh Hamdan affirmed that Dubai is on track to realise the vision of His Highness Sheikh Mohammed bin Rashid to be among the world’s most prepared, resilient and agile cities, capable of turning challenges into opportunities.
Sheikh Hamdan expressed his confidence in Dubai’s ability to address extreme weather events, given the competence displayed by teams who worked tirelessly before, during and after the heavy downpours to restore normalcy. He acknowledged the spirit of preparedness, oneness and cooperation amongst Dubai’s community, government and businesses that helped limit the impact of the extreme weather situation. He added that the experience serves as an opportunity to further enhance the emirate’s emergency responses in the future.
During the meeting, Sheikh Hamdan directed government entities to develop a comprehensive proactive plan to deal with extreme weather events. The Council also reviewed Dubai’s efforts to deal with the adverse weather situations that have impacted the region. More than 25,000 personnel and volunteers participated in the emergency response, in addition to around 5,000 security patrols, emergency vehicles, tankers, buses, and water pump operators.
A Journey Into the Colorful World of Open Impressionism: Erin Hanson x Samsung Art Store
“I know my pieces are influencing AI models and millions of digital paintings. While I’m not sure where this trend will lead, I do know that original art created by humans will always be the basis of any technology in the future.”
– Erin Hanson, painter
Erin Hanson’s artistic journey is as vivid as the landscapes she paints. Drawing from the dramatic hues of Red Rock Canyon in Nevada and the Pacific coast, Hanson uses bold colors and textured brushstrokes in her signature style of “Open Impressionism.”
Through Samsung’s long-standing partnership with Saatchi Art, customers can access her unique works and access her colorful world on Samsung Art Store. Samsung Newsroom sat down with Hanson to discuss the scenery that inspires her and hear how technology is blurring boundaries in the art world by merging the physical with the digital.
▲ Erin Hanson
Letting Creativity Bloom
Q: Tell us a bit about your artistic journey. When did you begin painting?
For as long as I can remember, I’ve always wanted to be an artist. I started with oil paintings when I was 8 years old and explored other mediums — but I was always drawn back to oils since that’s what the masters painted in. When I hold a brush full of buttery paint and breathe in the smell of oils, I feel directly connected to the great painters of the past.
Q: Please tell us more about Open Impressionism.
People kept telling me that my paintings were distinctive and instantly recognizable, so I formed the term Open Impressionism after I had crafted about 400 paintings in this unique style. My focus is on color, light and the feeling of being surrounded by beauty in the outdoors. I call my style “open” because my inspiration comes from open-air landscapes. I use the impasto technique and keep my impressionistic paintings highly textured without smearing or blending colors. Through decisive brushstrokes, I let the underpainting peek out to give my works the appearance of stained glass or a mosaic.
▲ Dawning Saguaro (2021)
Q: Your paintings often feature stunning natural landscapes. What are your favorite locations? How have they influenced your creative process?
My first muses were the rocky landscapes of Nevada and southern Utah — the saturated colors of the scenic desert gave me endless subject matter whenever I went rock climbing at Red Rock Canyon. I’ve now explored many national parks and monuments including Zion, Bryce Canyon, Arches, Monument Valley, the Grand Canyon and Canyon de Chelly.
When I moved back to California, I started exploring Carmel and Mendocino on the Pacific coast. I fell in love with painting the vineyards, oak trees and rolling hills of California’s wine country. Yosemite and Lake Tahoe always draw me in with their dramatic colors and seasons.
“When I hold a brush full of buttery paint and breathe in the smell of oils, I feel directly connected to the great painters of the past.”
Framing Nature’s Beauty
Q: Your painting “Coastal Poppies II” is a favorite among users of The Frame. How did you translate this captivating piece for a digital platform?
“Coastal Poppies II” is inspired by one of my favorite coastal views in California, near Heart Castle and Big Sur. The painting brings me back to a time when the poppies were in full bloom, and I was standing alongside Highway 1 on the edge of the Pacific Coast — looking down into the rich aquamarine water with the salty ocean air blowing into my face. The contrast in colors and textures was so breathtaking that I completed four paintings in this series. The most recent was “Coastal Poppies IV” in 2022.
▲ Coastal Poppies II (2020)
“I formed the term Open Impressionism after I had crafted about 400 paintings in this unique style. My focus is on color, light and the feeling of being surrounded by beauty in the outdoors. I’ve [now] painted more than 3,000 oil pieces in [this] style”
Q: Can you share how you feel about your work being displayed on The Frame?
I like The Frame because the art is displayed on a wall, right where a real painting would hang. My fans and collectors can experience the brushstrokes and rhythms of texture within the painting which can be difficult to see on smaller displays.
I am also amazed at how well the Frame recreates the vibrant colors of my artwork. My impressionist paintings are all about color, and I love how the Frame captures the colors so accurately!
*Editor’s note: In 2024, The Frame became the first in the industry to earn the Pantone® Validated ArtfulColor certification. The Matte Display also minimizes light reflection to help viewers admire art under overhead room lights or even daylight.
Q: Out of all your pieces that users can display on The Frame, which are your top three picks?
My favorites are “Coastal Poppies II,” “Apple Blossoms” and “Cherry Blossoms.”
▲ Apple Blossoms (2023)
“Apple Blossoms” was inspired by a 30-year-old apple tree on my property. Since I moved up to the Willamette Valley in the Oregon wine country, I’ve been attracted to the four seasons in the Northwest.
▲ Cherry Blossom (2023)
“Cherry Blossom” captures a grove of blooming cherry trees near my gallery in McMinnville, Oregon. With pink cherry blossoms against a perfect blue sky, the painting is truly a harbinger of spring.
Q: “Apple Blossoms” will be part of Samsung Art Store’s April curated collection, “Spring in Bloom.” What can users expect?
The “Spring in Bloom” collection will capture everything there is to love about springtime. I live in Oregon, where spring arrives after a long, cold and wet winter. It feels like that moment in “The Wizard of Oz” when the world turns to technicolor — almost like someone flipped a switch one night, and the world is suddenly full of daffodils, mustard fields and flowering plum and cherry trees. I hope users get to experience that same kind of wonder and magic when they see this collection.
“My dream is to create an immersive Erin Hanson experience where people can step right into my paintings [in a digital environment] and be surrounded by moving pictures of my artwork”
Embracing Immersive Art Through Technology
Q: Can you share more about what drew you to work with Saatchi Art, a longtime partner of the Art Store?
Beyond showing its works on The Frame, Saatchi Art is the best online hub for showcasing original artwork. The art collection is well-curated, and there is an amazing variety of styles and mediums. The fact that there is something for everyone makes it a great way for collectors to find new artwork, again and again. I have been selling my work through Saatchi Art for over a decade now. The Saatchi team is always helpful and easy to work with.
Q: Traditional art galleries allow viewers to experience paintings in person and fully appreciate the texture, brushstrokes and scale. How do you think digital formats impact the way people engage with art?
I’ve painted more than 3,000 oil pieces in my Open Impressionism style — and truthfully, I struggled to find ways to share my work with fans and collectors. Although I have several coffee table books and many paper prints, the best way to share my collections is through digital formats.
For digital formats, we typically look for compositions that work well on a long, horizontal layout. To obtain such high-resolution images of my paintings, we use a large scanner in my gallery that takes up the entire room. The scanner photographs the paintings from above using five different light angles, so we can control the amount of shadow that is visible in the final images. This variation gives the illusion of three dimensions, so you can almost reach out and feel the brushstrokes.
In addition, we map my oil paintings to produce high-resolution, three-dimensional textured prints. They’re so lifelike that most people can’t tell the difference between the replica and the original.
My dream is to create an immersive Erin Hanson experience where people can step right into my paintings and be surrounded by moving pictures of my artwork. In a digital environment like this, visitors can appreciate a larger quantity of art than the dozen or so pieces they might see hanging in a gallery or festival setting.
Q: Do you see technology playing an increasingly significant role in the art world? If so, how do you anticipate this trend to unfold in the years to come?
I am sure technical innovators will continue to find new ways to create and share artwork. For example, bigger The Frame TVs would allow art lovers to display even larger works of art on their walls. I know my pieces are influencing AI models and millions of digital paintings. While I’m not sure where this trend will lead, I do know that original art created by humans will always be the basis of any technology in the future. A computer may be able to alter and combine different paintings to create a new piece, but the original images were all created by individual artists who viewed the world in their own distinct ways.
Q: Can you tell us about any upcoming projects?
This year, I am traveling to France to follow the footsteps of the impressionists and visit all the famously painted locations in Paris, trailing the Seine to Arles and Le Havre in southern France. I will be visiting the windowsill where Van Gogh sat and painted “Starry Night” and exploring the gardens Monet so famously painted. This has been a dream of mine for several years, and it is finally coming true. Afterward, I plan to create a collection of French-inspired works in homage to the 150th anniversary of the first impressionist exhibition.
The works from this collection, “Reflections of the Seine,” will be released in September. You can read more here: erinhanson.com/Event/ReflectionsoftheSeine.