DXB Live Expands to Riyadh: Strengthening Its Regional Presence

DXB Live, the integrated event management and experiential agency of Dubai World Trade Centre (DWTC), has announced a significant expansion of its regional presence with the opening of a new office in Riyadh, Saudi Arabia. This move marks a pivotal step in DXB Live’s strategy to enhance its global footprint and solidify its position as a leader in the events industry.

Khalid Al Hammadi, Senior Vice President of DXB Live, shared his enthusiasm about the expansion, stating, “For 2024, our goal at DXB Live is to increase our presence in international markets, with a special focus on Saudi Arabia. We are exploring opportunities to establish regional offices in various Gulf countries, as well as expanding our reach in European, American, and Middle Eastern markets. Our aim is to deliver our extensive range of services to clients worldwide, and we are committed to offering top-tier services globally.”

The expansion into Riyadh is a strategic move that aligns with DXB Live’s broader objective to capitalize on the growing demand for high-quality event management and experiential services in the region. This new office will allow DXB Live to cater to the increasing number of prestigious events and projects emerging in Saudi Arabia, further cementing its role in shaping the future of event experiences.

In the first half of 2024 alone, DXB Live has provided its world-class services to a host of prominent events across the globe, including locations such as Morocco, Egypt, China, South Korea, Germany, the USA, Singapore, and Spain. This global reach underscores the company’s ability to deliver exceptional event experiences on an international scale.

The Riyadh office will enable DXB Live to leverage Saudi Arabia’s growing market for events and experiential services, driven by the country’s ambitious Vision 2030 plan. This plan aims to diversify the economy and increase the focus on sectors such as tourism and entertainment, creating a fertile ground for DXB Live’s expertise.

Khalid Al Hammadi expressed confidence in the expansion, noting, “Riyadh is rapidly emerging as a key player in the global events industry. By establishing a presence here, we are positioning ourselves to better serve the needs of our clients and to tap into new opportunities in the region. This expansion reflects our dedication to driving innovation and excellence in event management.”

As DXB Live continues to grow its regional and global presence, the company remains committed to delivering innovative and high-impact events that resonate with audiences and elevate client experiences. The new office in Riyadh is set to play a crucial role in advancing DXB Live’s mission to become a leading name in the integrated event management services industry.

With this strategic expansion, DXB Live is not only enhancing its operational capabilities but also contributing to the dynamic and evolving landscape of event management in the Middle East and beyond.

Experts say now is the best time to invest in Ras Al Khaimah Property

Now is an opportune moment for investors to consider real estate in Ras Al Khaimah (RAK), as property prices are poised for significant increases amid rapid market expansion. According to industry insiders, the real estate sector in this northern emirate is experiencing unprecedented growth due to a surge in multi-sector investments.

Anna Skigin, CEO of Frank Porter, emphasized that despite current high property prices, they are expected to continue rising. “Even though prices might seem steep right now, they’re set to climb even further,” she remarked. Frank Porter is expanding into RAK, driven by the emirate’s promising outlook. The announcement of the Wynn casino has been a major catalyst, attracting substantial foreign investment and a wave of new projects. This comes after 2023 saw record-breaking business and foreign investment levels in the region.

Skigin highlighted that the demand for real estate in RAK has been surging over the past few years. “We had a brief presence in the area in 2018, and even then, demand was high and has only increased since,” she noted. This growth trend indicates that now is an ideal time to invest in property in the emirate.

Rising Property Values and Investment Opportunities

As Ras Al Khaimah continues its development, property values are expected to rise, making it a lucrative market for investors aiming to maximize their returns. Skigin anticipates that RAK will increasingly become a hotspot for “second vacation homes” for residents of Dubai and Abu Dhabi. Additionally, there is a growing demand for commercial real estate as businesses seek to relocate to the area.

Sameh Muhtadi, CEO of RAK Properties, supports this optimistic outlook, describing investment in residential real estate in RAK as a “very good investment with safe regular income.” He notes that the emirate is experiencing unprecedented demand for residential properties, including off-plan developments. “The off-plan market is booming,” Muhtadi said, adding that rental demand is also soaring. In the first half of 2023, apartment prices in popular districts increased by up to 9.86%, while villa costs rose by up to 6.5%. The rising rental costs in Dubai are driving residents northward to Ras Al Khaimah, where they can afford to enhance their lifestyles.

Wynn Resort Fuels Global Interest

The upcoming Wynn Resort on Al Marjan Island is a key factor in the emirate’s exponential growth across various sectors, including tourism, hospitality, trading, e-commerce, real estate, and services. This high-profile development is drawing global attention and contributing to Ras Al Khaimah’s transformation into a major investment destination.

As RAK continues to evolve and attract international interest, the real estate market offers promising opportunities for investors seeking growth and stability in an emerging and dynamic region.

Phoenix Group and Tether Team Up to Launch UAE Dirham-Pegged Stablecoin

Phoenix Group PLC, a major tech firm listed on the Abu Dhabi Securities Exchange (ADX), is teaming up with Tether, the leading company in the digital asset industry, to launch a new stablecoin pegged to the UAE Dirham. Green Acorn Investments Ltd. is also supporting this venture.

The global stablecoin market, currently worth $150 billion, is expected to skyrocket to $2.8 trillion by 2028. This new stablecoin aims to make digital transactions more stable and secure by linking its value to the UAE Dirham, one of the world’s most stable currencies. It’s designed to help bridge the gap between traditional finance and the digital world, offering a dependable option for investors and everyday users alike.

Built on a cutting-edge blockchain platform, the stablecoin promises top-notch security and transparency. It’s expected to offer a reliable store of value and help reduce foreign exchange risks. Backed by the expertise of Phoenix and Tether and governed by strict regulations, this stablecoin will serve both businesses and consumers in the evolving digital economy.

Seyed Mohammad Alizadehfard, Co-Founder and Group CEO of Phoenix Group, expressed excitement about the project, noting its potential to transform the digital economy and highlighting Abu Dhabi’s role as an ideal launchpad for innovation.

Farah Zafar, Managing Director and Group Chief Legal Officer, added that this partnership reflects the UAE’s leadership in digital currencies and financial innovation. She emphasized the importance of this initiative in enhancing global digital assets.

Tether’s CEO, Paolo Ardoino, also welcomed the development, noting that the UAE is becoming a major economic hub. He believes the Dirham-pegged stablecoin will be a valuable addition for businesses and individuals, offering a secure and efficient way to transact in the UAE Dirham.

This collaboration underscores the UAE’s commitment to fostering innovation in the crypto space, supported by a forward-thinking regulatory framework that is helping shape the future of finance.

Rami Wahood: A Prominent Figure in Dubai’s Real Estate Market

Rami Wahood has made a significant impact on Dubai’s real estate landscape as an associate partner at fäm Properties, the largest real estate agency in the city. His career in the industry reflects a journey of growth and dedication, particularly in the luxury property market.

A Journey of Growth

Rami embarked on his real estate career in 2013 when he joined fäm Properties. Initially stepping into a managerial role with limited knowledge of the field, he quickly immersed himself in the industry. His commitment to learning and adapting propelled him to become an executive director, demonstrating his ability to excel and lead in a competitive market.

Notable Achievements

Over the years, Rami has established himself as a respected figure in Dubai’s real estate sector. He has earned a place among the top 1% of agents recognized by the Dubai Land Department, a testament to his high performance and client satisfaction. His expertise is particularly notable in handling high-end, off-market properties, which requires a sophisticated understanding of the market and client needs.

 

Appearance on Million Dollar Listing UAE

Rami’s professional journey includes a notable appearance on Million Dollar Listing UAE, a show that brought him additional visibility. As part of this international franchise, Rami was featured for his role in the luxury real estate market, showcasing his involvement in some of the region’s most exclusive transactions.

Current Market Insights

According to Rami, the luxury real estate market in Dubai is experiencing significant activity. He notes that the ultra-luxury segment is particularly strong, with rising prices and a diverse mix of international buyers. Despite the summer season, the market remains vibrant. Rami advises that working with a reputable agent and agency is crucial for navigating this dynamic market effectively.

Commitment to the Future

Rami’s dedication to the real estate industry is evident in his ongoing efforts to contribute to Dubai’s evolving property market. His approach blends extensive market knowledge with a forward-thinking perspective, reflecting his commitment to advancing the industry and meeting the needs of clients.

In Summary

For those interested in the Dubai real estate market, Rami Wahood stands out as a knowledgeable and experienced professional. His role at fäm Properties and his insights into the luxury property segment make him a key figure in the city’s real estate scene. Whether buying, selling, or investing, clients can rely on Rami’s expertise to guide them through their real estate endeavors.

Gordon Einstein: Pioneering the Intersection of Law and Blockchain

Gordon Einstein is a trailblazer at the crossroads of law and technology, seamlessly merging his roles as a technologist and a licensed California attorney. His career, marked by a dynamic shift from traditional legal practice to the cutting-edge world of cryptocurrency and blockchain, showcases his unique expertise in these rapidly evolving fields.

A Solid Foundation

Gordon’s academic journey began at Brandeis University in Boston, where he earned his undergraduate degree in Politics in 1991. He then pursued a Juris Doctor (JD) from the USC Gould School of Law in Los Angeles, graduating in 1995. This strong legal foundation set the stage for his subsequent career, blending legal acumen with technological innovation.

From Traditional Law to Crypto Frontier

Initially, Gordon’s legal practice focused on startup law, venture capital, investment banking, and regulatory compliance. His early work involved guiding businesses through complex legal landscapes, protecting intellectual property, and managing regulatory challenges. However, his passion for technology, particularly computer programming, led him to explore the burgeoning world of cryptocurrencies.

In 2012, Gordon’s fascination with Bitcoin and related technologies began to take shape. By 2014, he was already providing legal services to clients in the crypto space. His deepening involvement with blockchain technology saw him shift the majority of his practice at CryptoLaw Partners to focus on crypto, blockchain, and FinTech startups by 2016.

 

Leading the Charge at CryptoLaw Partners

As the Founding Partner at CryptoLaw Partners, Gordon plays a pivotal role in shaping the legal framework for the crypto and blockchain sectors. His firm handles a wide range of services, including Initial Coin Offerings (ICOs), private placements, and regulatory compliance, ensuring that clients navigate the complex landscape of digital finance with confidence. Gordon’s expertise extends to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, as well as money transmitter licensing.

In addition to his role at CryptoLaw Partners, Gordon is a Founding Voting Associate at DEVxDAO in Switzerland. DEVxDAO is dedicated to promoting decentralization, open-source software, and human freedom—values that resonate deeply with Gordon’s belief in the transformative power of blockchain technology.

Sharing Knowledge and Inspiring Others

Gordon is also a passionate educator and speaker. He frequently shares his insights on cryptocurrency, blockchain, and FinTech at conferences and seminars across the globe, including in Ukraine. His talks cover a range of topics, from the security of digital currencies to the legal intricacies of token transactions and regulatory compliance.

Balancing Work and Leisure

Outside of his professional endeavors, Gordon leads a well-rounded life. He is committed to personal growth, including improving his proficiency in Russian and German. His interests extend to traveling, free weight strength training, and engaging in various recreational programming projects. These activities reflect his enduring curiosity and enthusiasm for technology.

Gordon Einstein’s journey from traditional legal practice to becoming a leading voice in the cryptocurrency and blockchain sectors highlights his innovative spirit and dedication to shaping the future of digital finance. His unique blend of skills continues to influence the evolving landscape of technology and law.

 

Delivery Hero to Pursue IPO for Talabat on Dubai Stock Exchange

Delivery Hero (DHER.DE), the prominent German food delivery giant, is gearing up for a significant move by planning an initial public offering (IPO) of its highly valued Emirati subsidiary, Talabat. This strategic decision reflects Delivery Hero’s broader efforts to realign its business and leverage regional market opportunities.

IPO Announcement and Market Reaction

The announcement of Talabat’s IPO has already had a noticeable impact on Delivery Hero’s stock. Shares of Delivery Hero opened 7% higher on the news, although they later settled with a 3% gain by 08:39 GMT. This initial rise highlights investor enthusiasm about the IPO and the potential for Talabat to bring renewed focus and value to Delivery Hero’s portfolio.

Despite this positive movement, Delivery Hero’s stock has experienced a significant decline of approximately 85% from its peak in January 2021. This downturn is largely attributed to a general market correction away from food delivery stocks, which had seen inflated valuations during the pandemic’s height. The upcoming IPO is seen as a strategic maneuver to revitalize investor confidence and unlock new value for the company.

Strategic Objectives of the IPO

Interim Finance Chief Marie-Anne Popp indicated that the IPO of Talabat is designed to attract regional investors and enhance the business’s financial stability. While specific plans for the proceeds have not been detailed, Barclays analysts suggest that the funds raised could be used to address Delivery Hero’s substantial debt, estimated at around €4 billion ($4.4 billion). This financial restructuring is expected to bolster the company’s balance sheet and support its long-term growth strategies.

The IPO is slated for the fourth quarter of this year, with Talabat set to be listed on the Dubai Financial Market. Delivery Hero plans to offer existing shares of Talabat while maintaining a majority stake. This approach allows Delivery Hero to retain significant control over its subsidiary while providing new investment opportunities in the dynamic Dubai market.

Talabat’s Role and Delivery Hero’s Strategy

Talabat, a leading player in the food delivery sector across the Middle East, has been instrumental in Delivery Hero’s expansion within the region. The decision to list Talabat reflects a strategic focus on capitalizing on the growing economic and investment potential of the UAE. The Dubai Financial Market, known for its robust regulatory environment and investor-friendly practices, offers an ideal platform for such a high-profile listing.

Delivery Hero, headquartered in Berlin, has faced a series of challenges since its peak performance during the pandemic. The company is undergoing a period of restructuring aimed at optimizing operations and aligning with current market conditions. The IPO of Talabat is a key component of this strategic shift, designed to enhance liquidity and support the company’s ongoing transformation.

Broader Market Implications

The upcoming IPO of Talabat is anticipated to have significant implications for both Delivery Hero and the broader market. For Delivery Hero, the successful listing could provide a much-needed financial boost and strengthen its position in the competitive food delivery industry. For the Dubai Financial Market, the IPO represents an opportunity to attract high-profile listings and further establish itself as a key global financial hub.

The broader market will be watching closely to assess the impact of Talabat’s IPO on investor sentiment and stock market dynamics. The success of the IPO could also pave the way for other international companies to explore similar opportunities in the UAE’s burgeoning financial sector.

 

UAE Asset Management Sector Grows by 83%, Total Portfolio Value Hits AED 35 Billion

The UAE asset management sector is experiencing substantial growth, with a notable 83% increase in the number of licensed companies and a rise in total portfolio value to AED 35 billion ($9.5 billion).

The Securities and Commodities Authority (SCA) reported this surge, attributing it to ongoing efforts to enhance the sector and align it with international best practices. This aligns with the UAE’s goal of establishing itself as a leading global hub for asset management.

As of this year, the number of licensed asset management companies has risen to 33, up from 18 in January 2023. This increase reflects the sector’s accelerated growth and the growing interest in setting up local investment funds and expanding their capital.

The SCA projects continued growth for the sector, with expectations that the number of local investment funds will reach 58. The authority has received 25 new applications to establish investment funds, which is anticipated to boost investment in the UAE’s financial markets.

Overall, these developments highlight the UAE’s advancing position in the global asset management landscape.

Dubai Named the Top City for Remote Work in the World

Dubai and Abu Dhabi have been ranked as the top cities in the world for long-term remote workers, according to the latest Savills Executive Nomad Index. Dubai retains its leading position for the second consecutive year, while Abu Dhabi has moved up to second place from fourth.

The index, part of Savills’ Impacts program, evaluates 25 destinations based on factors like digital nomad visa availability, climate, quality of life, and residential markets. Dubai stands out for its exceptional air connectivity, with Dubai International Airport being the busiest in the world for international passenger traffic. The expansion of Al Maktoum airport is expected to make it the largest globally once completed.

Savills’ Andrew Cummings highlighted Dubai and Abu Dhabi’s appeal due to their modern infrastructure and high quality of life, which support both personal and professional growth. The cities are recognized for their vibrant business environments, offering ample networking and growth opportunities.

Other top cities in the index include Málaga, Miami, Lisbon, Barcelona, and Palma, all known for their beachside access. The index also notes that executive nomads—who are often older and travel with families—value safety, healthcare, and educational facilities, leading to a rise in prime rents in many top locations.

New additions to the 2024 index include Palermo, Cape Town, Grenada, Bali, and San José, Costa Rica. Palermo is noted for its affordability compared to other Italian cities, while Cape Town benefits from South Africa’s new Digital Nomad Visa program.

 
 

Saif Rubie: Navigating the Intersection of Sports, Nightlife, and Elite Fitness

Saif Rubie is a British-Iraqi entrepreneur whose dynamic career spans the worlds of sports management, nightlife, and elite health and fitness. Leveraging his extensive network and strategic insights, Rubie has made a substantial impact across these sectors.

In 1997, Rubie began his ascent through London’s vibrant nightlife scene, gaining prominence at renowned venues like K-Bar in Soho and the iconic Chinawhite nightclub. His entrepreneurial spirit and connections soon led him to the sports industry. By 1999, Rubie had become the world’s youngest FIFA-licensed player’s agent at just 21 years old. His influence in the sports world was further solidified in 2008 when he orchestrated his first multi-million-dollar transfer, involving Ecuadorian international Felipe Caicedo’s move to Manchester City.

Rubie’s unique blend of expertise in nightlife, sports, and fitness underscores his ability to innovate and excel in multiple arenas, establishing him as a leading figure in his diverse fields of endeavor.

Saif Rubie, the distinguished football agent and founder of FGSL Consulting, has long been a key player in sports and talent management. With over 20 years of experience, FGSL Consulting has established itself as a leading full-service agency, excelling in managing top-tier athletes and entertainers across sports, media, and entertainment. The agency is also renowned for its collaborations with some of the world’s most prestigious luxury brands.

Rubie recently navigated a significant legal challenge that tested his resolve and integrity. He was acquitted of accusations related to a six-figure commission demand for the transfer of French defender Kurt Zouma from Chelsea FC to West Ham United. The case centered on an email sent to Chelsea’s former director of football, Marina Granovskaia, in May 2022, in which Rubie was alleged to have sought a £300,000 commission for the transfer that occurred a year earlier. The trial at Southwark Crown Court concluded with Rubie being found not guilty, reaffirming his commitment to transparency and ethical conduct.

Rubie’s acquittal comes as a relief and a testament to his resilience in the face of adversity. He expressed his relief and determination to move forward, emphasizing the personal and professional challenges he has overcome. The resolution of this case highlights Rubie’s unwavering focus on maintaining the highest standards in sports management.

Under Rubie’s leadership, FGSL Consulting continues to set the standard for excellence in sports management and luxury branding. The agency’s expansive services and strategic partnerships underscore its role as a trailblazer in the industry, reflecting Rubie’s vision and commitment to delivering exceptional value to clients and partners alike.

The Red Room at Player's House

Saif Rubie has expanded his entrepreneurial ventures with the introduction of Player’s House at Andaz Dubai The Palm, a remarkable addition to the hotel’s vibrant dining and entertainment landscape. Taking over the space previously occupied by Knox, Player’s House combines opulence with interactive experiences, redefining the sports lounge concept.

As you step into Player’s House, you’re immediately struck by its luxurious ambiance and striking murals honoring sports icons like Muhammad Ali, Lionel Messi, and Michael Jordan. Designed to accommodate over 200 guests, the space is outfitted with ambient lighting, plush oversized couches, and massive screens that broadcast the latest games, creating an immersive environment for sports enthusiasts.

Adding a unique touch to the experience is The Groom Room, an exclusive grooming retreat managed by the official FIFA barber. This feature offers patrons the chance to enjoy live sports while receiving top-notch grooming services, seamlessly blending relaxation with entertainment.

The culinary experience at Player’s House is equally impressive, with a menu that highlights continental delights made from the freshest ingredients. Guests can savor Angus Tenderloin and indulgent Wagyu Beef Cheese Burgers among other delectable options.

For those with a creative edge, Player’s House includes a cutting-edge Studio powered by Podster, offering a professional space for content creators and musicians to craft their work in a state-of-the-art environment.

The venue also boasts the Red Room, an exclusive VIP club where DJs set the stage for an upscale nightlife experience filled with dining, drinking, and dancing.

Through Player’s House, Saif Rubie continues to innovate, merging luxury with interactive entertainment to create a unique destination that caters to a diverse range of interests and experiences.