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AKCEL GP Academy officially launches in UAE with stellar international roster

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AKCEL GP Academy today, announced a dynamic line-up of rising stars to compete in the 2025/26 Rotax Max and IAME UAE Karting Championships as part of their inaugural season. The line-up features Atiqa Asif Mir, Rivaan Dev Preetham, Rehan Khan Rasheed, Ridhaan A, Krishay Gutte, and Jagrat Detroja from India, Brando Londono from Canada and Linas Volungevicius from Lithuania.

The AKCEL GP Academy, based at the iconic YAS Marina Circuit, goes beyond racing with 360° driver development; covering technical training, fitness, mental conditioning in partnership with Wishtok for performance and wellness coaching, and career planning, offering a clear, professional roadmap to Formula racing and beyond. The Academy’s state-of-the-art garage experience centre and race-prep facilities are a testament to their vision to become the most advanced, structured, and internationally recognized karting academy in the region, nurturing future racing champions from grassroots.

AKCEL GP Academy is a part of the rapid emergence of UAE as one of the world’s most exciting motorsport destinations, with globally renowned circuits such as Yas Marina in Abu Dhabi and Dubai Autodrome, and by hosting the prestigious Formula 1 Abu Dhabi Grand Prix. In 2024, the country’s sports event market generated more than Dh22.8 million in revenue and is projected to surpass Dh44 million by 2030, reflecting an annual growth rate of 11.8 percent. With the global motorsport industry valued at Dh34.9 billion, the UAE’s growing investment in racing innovation and talent development makes the launch of AKCEL GP Academy especially timely and impactful.

Leading the charge, Atiqa Mir has already made history as the first Indian to secure a top-10 finish at the Rotax Euro Trophy. Rivaan Dev Preetham, a two-time national champion, became India’s first race winner at the FIA Motorsport Games, finishing World No. 8 in 2024. Jagrat Detroja also made headlines in Valencia, taking pole position and finishing 5th overall. The next wave of Indian talent includes Rehan Khan Rasheed, holder of fastest laps across all three FMSCI-homologated tracks in Micro Max, and 11-year-old Ridhaan A, who broke into the National Karting Championship top-six on debut. Krishay Gutte adds further promise with consistent performances across Asia and the UAE.

On the international front, Brando Londono, Canada’s most-followed young racer, brings FIA European Karting Championship experience and is preparing his step up to Formula 4. Linas Volungevicius, a front-runner in the Rotax Latvia and Lithuania Championships, impressed with a top-10 finish at the FIA Motorsport Games. Together, these eight drivers form a fearless and ambitious squad set to light up the UAE karting circuit.

“We are thrilled to begin the first season of AKCEL GP Karting Academy, a platform that celebrates talent, passion, and perseverance. More than just racing, AKCEL GP Academy builds future champions and offers young drivers a world-class pathway here in the UAE and beyond. This inaugural season brings together talent from across the globe, proving that motorsport knows no borders. To every young driver: this is just the start of your journey. With hard work and belief, the track ahead has no limits,” declared Amit Kaushal, Chairman, AKCEL Group.

Looking ahead, AKCEL GP Academy plans to expand into European championships by 2027, creating a seamless pathway into the FIA Pyramid from FIA F4, FIA FREC, FIA F3 and FIA F2. Combining world-class infrastructure with a structured career plan, the Academy positions itself as more than a team, it is a talent factory and a gateway to professional motorsport.

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Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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What the new DIFC investment fund proposals mean for investors

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Dubai’s financial regulator is planning the biggest update to the Dubai International Financial Centre (DIFC) investment fund rules in more than a decade.

The Dubai Financial Services Authority (DFSA) has launched a public consultation on a wide-ranging package of reforms designed to modernise the DIFC’s investment fund framework, simplify regulations for fund managers and strengthen investor protection.

Here’s what you need to know.

Why is the DFSA changing the rules?

The DFSA says the investment fund industry has evolved significantly since the current framework was introduced in 2006.

The proposed reforms aim to:

  • Modernise regulations to reflect today’s investment market.
  • Reduce unnecessary compliance requirements.
  • Make it easier for fund managers to operate.
  • Maintain strong investor protection.
  • Align DIFC regulations with international best practices.

What are the proposed changes?

The consultation includes several key proposals:

More flexible rules for private investment funds

The DFSA plans to replace rigid classifications for specialist private funds with a more flexible framework that can better accommodate modern investment strategies.

Simpler licensing for fund managers

Investment managers may no longer need separate licences for certain activities, such as arranging investments or dealing on behalf of clients, as these would be covered under an existing asset management licence.

Updated rules for master-feeder funds

The regulator also wants to modernise regulations governing “master-feeder” fund structures to reflect current market practices better.

Removal of the external fund manager regime

The DFSA proposes removing the external fund manager framework as more firms are now seeking direct authorisation from the regulator.

More investment opportunities for employees

Employees could be given greater flexibility to invest in private funds managed by their own employers, either directly or through dedicated investment vehicles.

Technical improvements

The consultation also proposes several technical amendments to improve clarity and consistency within the Collective Investment Law.

Could tokenised investment funds become a reality?

The consultation also seeks industry feedback on regulating tokenised investment funds.

Tokenisation uses blockchain technology to represent ownership units digitally, potentially making investment funds more efficient and accessible.

At this stage, the DFSA is only gathering feedback and has not proposed formal regulations.

Will retail investors get access to more investment opportunities?

Another topic under discussion is the possible introduction of a long-term investment fund regime.

If developed in the future, it could allow retail investors to access certain long-term assets—such as infrastructure projects or private market investments- that are currently limited to professional investors.

No regulatory changes have been proposed yet; the regulator is first seeking industry views.

Who can provide feedback?

The consultation is open until September 7, 2026.

The DFSA is inviting comments from:

  • Fund managers
  • Asset managers
  • Fund administrators
  • Legal advisers
  • Auditors
  • Compliance professionals
  • Other participants in the DIFC investment funds industry

The proposals form part of Dubai’s wider efforts to strengthen its position as a leading regional hub for wealth and asset management while ensuring regulations remain modern, proportionate and investor-focused.

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Good news for businesses: Sharjah slashes fees and fines

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Businesses in Sharjah can now benefit from a range of temporary fee reductions after Sharjah Police unveiled a new package of incentives aimed at easing costs and supporting the emirate’s business community.

The measures, introduced in line with a decision by the Sharjah Executive Council, include 50% discounts on several security-related fees, along with reduced fines and lower training costs for companies.

What discounts are available?

Under the new initiative, eligible businesses will receive:

  • 50% off security permit renewal fees for commercial activities
  • 50% off security system subscription fees
  • 50% reduction on eligible violations and fines
  • 20% off mandatory training programme fees for companies

Sharjah Police said the initiative is designed to support commercial establishments, encourage business sustainability and further strengthen the emirate’s position as an attractive destination for investment.

How long will the discounts last?

The incentives will be available for three months from the date the decision comes into effect.

Businesses seeking more information about the discounts and eligibility can contact the Sharjah Police Call Centre on 901.

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