Connect with us

Business

UAE’s e& launches region’s first telco NFT collection

Published

on

Spread the love

e& (formerly known as Etisalat Group) today announced launching its first set of non-fungible tokens (NFTs), marking a significant milestone for e& as the first technology and investment conglomerate in the Middle East to launch NFTs.

The inaugural set of NFTs will be distributed selectively, and the Group will be providing further updates as their plans for the NFTs progress. The launch batch of NFTs highlights e&’s commitment to advancing tech capabilities as the company’s blockchain arm crossed AED10 billion worth in transactions last year. It underpins the company’s vision to make a difference at every touchpoint by ideating and deploying best-in-class innovative solutions, harnessing advanced technologies, and maintaining its cutting-edge infrastructure.

Hatem Dowidar, Group CEO, e&, said, “The digital transformation that we are experiencing on all fronts will accelerate our quest to innovate. The metaverse is opening up several avenues for us to investigate the digital realm in ways that were unimaginable just a few years ago. At this defining moment in our journey, we are proud to leverage our legacy in blockchain-enabled tech to launch pioneering NFTs that allow us and our customers to explore the limitless potential that the metaverse holds.

“The NFTs designs were sourced in the UAE, where we are keen to support the local development of new products, technologies and solutions.This is a unique opportunity to celebrate how far we’ve come as a company and to continue exploring what’s next on the horizon. We live in the renaissance of connectivity where we must capitalise on every opportunity that strengthens our continued leadership as the champion digital telco in a hyper-connected world.”

This milestone is one of the more recent successes that e& has seen in its current transformation journey as a global technology and investment conglomerate. e& has been instrumental in developing and bolstering the UAE’s strong telecoms infrastructure since its foundation 46 years ago. As e& transforms into a technology conglomerate and keeping in line with UAE’s digitalisation ambitions, it has combined its scalable technological competencies with its robust telecoms expertise, enriching the lives of customers and adding value to enterprises.

Etisalat Group has changed its brand identity to e&, effective from 23 February 2022. Its strategy aims to accelerate growth through the creation of a resilient business model representing the Group’s main business pillars. The Telecoms business currently continues to operate led by Etisalat UAE in e&’s home market and by existing subsidiaries for international operations, upholding the Group’s rich telecoms heritage, bolstering the strong telecoms network and maximising value for the Group’s various customer segments.

To enable the digital transformation of governments, large-scale enterprises and corporates, e& enterprise focuses on maximising value through its end-to-end solutions in, Cloud, Cybersecurity, Internet of Things (IoT) and Artificial Intelligence (AI). e& capital allows the Group to focus its efforts on driving new mergers and acquisitions while maximising shareholder value and strengthening global presence.

With 20 years of experience across print, TV, and digital journalism, Sudhashree is a seasoned media professional with a keen eye for news. A true news bug, she thrives on curating stories that capture the pulse of fashion, film, and all things trending. Deeply immersed in the fast-evolving media landscape, she swears by the power of social media to shape narratives and spark conversations.

Continue Reading
Advertisement

Announcements

Mike Fordham appointed International League T20’s Interim Chief Operating Officer

Published

on

Spread the love

The International League T20 Management has appointed Mike Fordham as Interim Chief Operating Officer. Fordham has been the league’s Head of Operations since the inception of the tournament – 2022.

Fordham has taken over the role with immediate effect and will spearhead the execution of DP World ILT20 Season 5, which will be played in November-December this year. In a career spanning two decades, Fordham has accumulated rich experience – specialising in sporting, governance and commercial set-up of new leagues, competitions and franchises.

Interim Chief Operating Officer DP World ILT20 Mike Fordham: “It is a real honour to have been given the task to spearhead the DP World ILT20 Season 5 execution. The DP World ILT20 has grown into one of the top T20 tournaments. The league is known for top-class cricketing action at three world-class venues.

“This year’s edition will be bigger and better. We are all excited about the upcoming DP World ILT20 Development Tournament – an incredible platform for young UAE players to make a claim for the main event later in the year. Some of the biggest T20 stars have signed up for the DP World ILT20 Player Auction which further exemplifies the league’s stature and reputation as a competition that attracts the very best in the business.”

Continue Reading

Business

When the seller’s brokerage handles the buyer’s transfer, who should pay?

Published

on

Spread the love

Some leading Dubai brokerages are charging buyers for in-house conveyancing or sales-progression services while also holding the sales mandate for the property being purchased.

The practice raises a broader question about how transaction roles should be structured: when a brokerage represents the seller and also provides the service responsible for progressing the buyer’s purchase, should the buyer be required to pay for that service?

The arrangement is visible across brokerage websites, while LinkedIn and Instagram profiles show sales-progression and conveyancing teams operating within some agencies.

The issue is not necessarily the competence of an in-house conveyancer. The more fundamental question is one of independence. A buyer paying for a transfer service may reasonably expect that the person handling the transaction is able to act without commercial considerations connected to the other side.

Consider a seller who has multiple properties listed with the same brokerage, or one who is selling a current home while planning to purchase another property through the same agency. In such cases, the brokerage may have a broader commercial relationship with the seller than with a buyer completing a single transaction.

That distinction can become important when a seller-side issue delays or complicates a transfer. The person responsible for resolving the bottleneck should be able to communicate the problem to the buyer clearly and objectively, without having to balance that responsibility against a wider commercial relationship.

There are parallels in other parts of the financial and property sectors. Banks, for example, commonly appoint independent valuers rather than relying on a valuation conducted by a party whose commercial interests are directly tied to the transaction. The separation of roles is intended to reduce potential conflicts and strengthen confidence in the process.

“The real test of a transfer service comes when the interests on each side stop aligning,” said Jan Baluyut, Director, Property Affairs at Cendale, which operates Conveyance.ae. “An independent transfer provider has no sales mandate to protect, no listing relationship to preserve and no sales commission dependent on completion. That is the procedural oversight buyers pay for.”

Functional separation is also well established internationally. In the UK, buyers and sellers commonly instruct separate solicitors, while in the US, attorneys, title companies and escrow providers can perform distinct roles depending on the state. Dubai does not need to replicate either system, but both demonstrate that transaction roles can be separated to provide greater clarity around responsibilities.

The question is relevant across both ready properties and secondary off-plan transactions. While the mechanics of each transaction can differ, the buyer’s need for accurate information, clear communication and independent oversight remains the same.

Where a brokerage offers an in-house conveyancing or sales-progression service, buyers should be clearly informed about the arrangement, including whether the service is optional and whether they are free to appoint an independent provider.

As Dubai’s property market continues to expand and attract investors from around the world, greater transparency around who represents whom — and who is paying whom — could become an increasingly important part of a mature transaction process.

Continue Reading

Announcements

Mohan Charan Majhi begins Odisha’s UAE investment push from Abu Dhabi

Published

on

Spread the love

Chief Minister of Odisha Mohan Charan Majhi arrived in Abu Dhabi last night, marking the start of the State’s high-level investment outreach to the United Arab Emirates.The visit, with key business and investor engagements scheduled from September 9 to 11, is aimed at deepening Odisha’s economic engagement with the UAE and building long-term partnerships across investment, manufacturing, infrastructure, energy and emerging industries.

The Chief Minister is leading a high-level delegation comprising Hon’ble Minister for Industries Shri Sampad Chandra Swain, Chief Secretary Smt. Anu Garg, and senior officials from the Industries Department and IPICOL.

The delegation was received in Abu Dhabi by Additional Chief Secretary, Industries, Shri Hemant Sharma, along with UAE-based officials and representatives. Representatives of the Embassy of India in the UAE also welcomed the Chief Minister and the delegation.

Soon after his arrival, Shri Majhi reviewed preparations for the high-level business and investor engagements planned during the Abu Dhabi leg of the visit. He took stock of arrangements for meetings with UAE-based investors, institutions and business leaders, stressing the need for focused discussions that can translate into concrete partnerships and investment opportunities for Odisha.

During the day, the Chief Minister also met the Ambassador of India to the UAE and discussed the strengthening of India-UAE relations and the growing opportunities for deeper economic and people-to-people ties.

The Chief Minister highlighted the important role played by the Odia community living and working in the UAE, describing them as a valuable bridge between Odisha and the region. He emphasised the importance of continued support, facilitation and ease of living for Odias residing in the UAE, while recognising their contribution to strengthening links between the two economies.

The Abu Dhabi programme will bring the Odisha delegation into direct engagement with leading UAE institutions, investors and business groups. The discussions are expected to focus on identifying specific opportunities for investment, industrial partnerships, technology collaboration and long-term business participation in Odisha.

The outreach comes at a significant phase in Odisha’s industrial transformation. During the visit, the Chief Minister will showcase the State’s strengths, including its natural resources, robust industrial base, growing infrastructure, port connectivity, competitive power availability, skilled workforce and strategic access to large domestic and international markets.

Speaking ahead of the upcoming investor engagements, Chief Minister Shri Mohan Charan Majhi said,“Odisha has entered a new phase of industrial growth, and our engagement with the UAE is an important part of this journey. We are coming here not only to invite investment, but to build long-term partnerships based on trust, technology, value creation and employment. The UAE is an important global economic partner, and we look forward to strengthening the Odisha-UAE relationship through concrete investment and industrial opportunities.”

The Chief Minister said the State Government’s focus is on converting investor interest into projects on the ground, creating employment and further strengthening Odisha’s position as a competitive destination for global businesses.

The first full day of Odisha’s UAE investment outreach will begin tomorrow in Abu Dhabi with a series of high-level engagements involving leading UAE institutions, investors and business leaders.

The programme on September 9 will include interactions with International Holding Company (IHC) and its business verticals, the Indian Business and Professional Group (IBPG), the UAE Minister of Investment and other senior investment stakeholders. The day will also include a focused engagement on opportunities in the petrochemicals and chemicals sector.

The meetings will provide a platform to discuss specific investment opportunities, industrial partnerships, technology collaboration and new avenues for strengthening Odisha-UAE economic ties.

Through the outreach, the Government of Odisha is seeking to build a sustained economic partnership with the UAE and the wider MENA region, with a focus on translating investor interest into tangible outcomes for industrial growth, employment generation and long-term economic value for the State.

With a packed schedule of high-level business and institutional engagements beginning September 9, Odisha will look to deepen existing partnerships while exploring fresh opportunities in investment, technology, trade and industrial collaboration with the UAE.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/