Connect with us

News

Enjinstarter MENA Leads Web3 into the Future in UAE

Published

on

Abu dhabi

Enjinstarter MENA, Web3 launchpad and advisory company, was a key player in a successful first half of 2023 for Web3 in the UAE. All told, the industry now has more than 1,800 organisations operating in the country, and announcements such as Abu Dhabi’s $2 billion fund for Web3 startups and a national digital currency strategy have demonstrated the government’s firm commitment to adopting and investing in new technologies.

Enjinstarter MENA’s journey in the region began with the appointment of Vasseh Ahmed as its Managing Director in December 2022. Since then, it has focused much of its attention on obtaining the necessary licences for operation.

Regulation is a critical step for Web3 companies entering MENA. The region’s regulators, in turn, have strived to provide clear and coherent regulations for companies to follow. In April, Enjistarter received initial approval from VARA, the Dubai virtual assets regulator, as a first step towards obtaining a full licence to operate in the emirate.

“Dubai continues to be a global hub of Web3 activity. Its commitment to regulatory clarity and funding support have attracted some of the biggest names in the industry,” said Vasseh. “Continuing with our licence application makes clear our commitment to achieving the highest standards of accountability and transparency in the Web3 space. We are committed to conforming to VARA’s high standards and know this will only accelerate our growth in the Middle East and beyond.”

Launchpad

As a Web3 project launchpad, Enjinstarter was recognised by industry-leading ranking service, Cryptorank, as consistently being a top-3 Initial Decentralised Exchange Offering (IDO) provider in 2023 in terms of ROI. The strong performance this year can be attributed to the Enjinstarter team quickly adapting to the trend of artificial intelligence (AI) by shifting its focus to bringing a carefully curated selection of AI projects to the launchpad.

In the first half of this year, Enjinstarter helped 11 projects raise $1.35 million in funding. Some of those portfolio companies include:

  • ChainGPT – Infrastructure enabling the future of Web3 innovation with AI
  • DexCheck – A UAE-based crypto trading startup powered by AI
  • SophiaVerse – An advanced artificial general intelligence initiative revolutionising the world of AI and gaming

Other portfolio companies include:

  • OneRare – A UAE based startup creating the first food metaverse
  • Sidus Heroes – An award-winning Web3 game
  • Frnzy – A Web3-powered e-commerce platform

Partnerships

Enjinstarter has also gone about forming partnerships with some of the key Web3 players in the region and beyond:

  • Masary Capital – Enable select crypto- and blockchain-based organisations to travel the path to success within the MENA region.
  • LandVault – LandVault’s mission is to accelerate the metaverse economy through technology with a vision of a fairer wealth distribution across the web.
  • Open Metaverse Alliance (OMA3™) – A collaboration of Web3 metaverse platform creators, OMA3™’s goal is to ensure virtual land, digital assets, ideas, and services are highly interoperable between platforms and transparent to all communities.
  • Crypto Oasis – A Middle East-focused blockchain ecosystem supported by initiators of Crypto Valley Switzerland.
  • Enya Labs – A suite of hybrid blockchain solutions that helps businesses overcome the scalability problem and allow them to expand their offerings and features by accessing and integrating real-world data in real-time.

Impact

From an impact perspective, Enjinstarter made it a core part of its mission to find ways to leverage Web3 in the global fight against climate change. To that end, the company has undertaken a number of climate initiatives:

  • Launched the Unsinkable campaign to raise awareness of rising sea levels
  • Hosted climate roundtable event in Dubai with Web3 streaming service, myco, in February and May
  • Signed a partnership with UAE-based The Storey Group, a change maker that creates and delivers programmes that make our planet a better and more prosperous place.
  • Developing an expansive storytelling AI NFT game based on an advanced earth concept where factions are embarking on quests and battles throughout the Enjinstarter ecosystem to gather resources and earn rewards.

Looking forward to the second half of 2023, all eyes are on COP 28 in Dubai in December. In the leadup to the event, Enjinstarter is planning the global launch of its climate-focused Web3 launchpad. The platform will allow the company to connect impact investors with promising Web3 projects making demonstrable impact on the climate.

“Climate change is the biggest problem of our time. All of us have a responsibility to do everything we can to fight it. The UAE has already set a leading example by planning to invest $54 billion over the next 7 years as part of its net-zero ambitions. It’s on us to do our part, ” added Vasseh. “Web3 is uniquely designed to meet this challenge head on, so we have made it a core part of our mission to find ways in which Web3 can make a demonstrable impact on climate change. Aside from our upcoming climate launchpad, we’re also working towards climate asset tokenisation, micro green bonds, and utility-driven NFT trading card games.”

Continue Reading

Financial

Dhruva to Rebrand as Ryan Across the Middle East, Signaling Unified Global Brand

Published

on

Dhruva will adopt the Ryan brand across the UAE and Saudi Arabia by the end of 2026, uniting the practice with Ryan’s global identity and international platform.

Dhruva, a leading tax consultancy firm in the Middle East, and Ryan, a leading global tax services and software provider, today announced that Dhruva will transition to the Ryan brand across the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia. The rebranding will be completed by the end of 2026, bringing the practice under Ryan’s global identity and reinforcing its position as part of the world’s leading global-scale specialist in business tax.

The transition marks the next phase of the strategic joint venture announced in 2025 and reflects the continued integration of Dhruva’s regional capabilities with Ryan’s global platform, technology, and international resources. Clients across the Middle East will continue to benefit from the same trusted advisory teams, enhanced by access to Ryan’s worldwide expertise and service capabilities.


“The Middle East has been a strategic growth market for us for many years, and we have built a strong advisory practice founded on deep client relationships, technical excellence, and local market understanding,” said Dinesh Kanabar, Founder, Chairman, and CEO, Dhruva Advisors and Vice Chairman, Ryan.

“The transition to the Ryan brand marks a significant milestone in our journey and reflects the strength of our partnership. By combining our regional expertise with Ryan’s global scale, technology, and international capabilities, we are creating an even stronger platform to support clients across the region as they navigate an increasingly dynamic and evolving tax landscape.”


“The Middle East is one of the most important growth markets for tax advisory services globally, and we are investing in the region with a long-term view,” said Tom Shave, President of Ryan’s European and Asia-Pacific Operations. “Uniting under the Ryan brand strengthens how we serve clients across the UAE, Saudi Arabia, and Europe—bringing seamless access to our global expertise, technology, and international resources through one trusted platform. This transition marks an important milestone in our integration and reinforces our commitment to the region’s future.”


Ryan will continue to invest in its Middle East operations, expanding its team, capabilities, and regional presence across key markets, including Dubai, Abu Dhabi, and Riyadh. The practice provides comprehensive tax advisory services spanning corporate tax, value-added tax (VAT) and indirect tax, transfer pricing, mergers and acquisitions (M&A) tax structuring, research and development (R&D), and cross-border compliance.


“The response from our clients over the past year has been the clearest validation of this partnership,” said Nimish Goel, Leader, Middle East, Dhruva, a Ryan Affiliate. “From the outset, our teams have been integrating Ryan’s global capabilities in technology, specialized expertise, and best practices into the work we already lead in the region. Adopting the Ryan brand is the natural next step. It is the same people and the same trusted relationships, now carrying the name of the largest Firm in the world dedicated exclusively to business taxes.”


The rebranding will be implemented in phases during the second half of 2026, with signage, visual identity, and digital properties transitioning to the Ryan brand across the region.

Continue Reading

News

GFH Partners Manrre REIT (CEIC) PLC and Palmon Group unveil new temperature-controlled chemical warehouse in JAFZA

Published

on

GFH Partners Manrre REIT (CEIC) PLC (“Manrre” or “the Fund”), managed by GFH Partners Ltd. (“GFH Partners”),  together with its development manager Palmon Group FZCO (“Palmon Group”), today announced the opening of a specialised temperature-controlled chemical warehouse in Jebel Ali Free Zone (Jafza), further expanding the Fund’s Grade A logistics portfolio.

The inauguration ceremony was held in the presence of Mr Abdulla Bin Damithan, CEO and Managing Director, DP World GC, alongside senior officials and dignitaries from Jebel Ali Free Zone, GFH Partners, and Palmon Group.

Purpose-built and developed by Palmon Group to meet stringent international safety and compliance standards, the new facility reflects the rising regional demand for certified chemical storage infrastructure that supports manufacturing, energy, industrial services, and third-party logistics. The warehouse is situated on a 180,000sq ft plot with a built-up area of 112,000 sq ft, divided into three temperature-controlled chambers that reach a maximum height of 13 metres. The warehouse has been designed with advanced Early Suppression Fast Response (ESFR), and in-rack sprinkler systems to ensure safety and resilience across all operations.

The facility’s layout allows storage of a diverse range of hazard-classified chemicals. One chamber is configured for UN Class 3 and 4 chemicals, a second accommodates UN Class 5 chemicals, while the third has been developed for UN Class 6, 8, 9 and non-regulated materials. The warehouse offers capacity for 17,400 pallets and includes nine loading docks and three loading bays. The office space has been intentionally limited to three percent of the total built-up area, maximising operational efficiency and warehouse utility.

Speaking on the launch, Kunal Lahori, CEO of Palmon Group and Board Member of Manrre, said: “This new facility brings together precision engineering, regulatory compliance, and long-term value creation. Specialised chemical storage requires a high degree of control and risk management, and we have developed this warehouse to meet those expectations while offering flexibility and scalability for tenants. As one of the earliest developers in Jafza, Palmon Group remains committed to supporting the UAE’s logistics and industrial growth.”

Mohamed Ali, Head of GCC at GFH Partners, said: “The opening of this warehouse marks another important milestone in the expansion of the GFH Partners Manrre REIT portfolio, particularly in mission-critical industrial and logistics assets that serve high-growth sectors. The UAE continues to see strong demand for specialised storage solutions, and this facility reinforces our strategy to develop resilient, future-ready assets that deliver long-term value for our investors.”

The logistics hub is now fully operational and is leased to Safe Logistics. The new facility is expected to play a significant role in strengthening regulated supply chains and supporting Dubai’s position as one of the region’s foremost logistics and industrial hubs.

Continue Reading

News

Big Ticket joins DP World ILT20 Season 4 as Official Partner

Published

on

A professional cricket player for the Desert Vipers in mid-swing during a match. The batsman is wearing a dark green and black patterned jersey with red accents, a red helmet, and black protective leg pads. He is holding a wooden cricket bat high in a follow-through motion after playing a shot. The background shows a crowded stadium with purple and blue seating and a "DP World" branded wicket.

Big Ticket, the largest and longest-running guaranteed raffle draw in the Middle East (known for cash prizes, dream luxury cars, gold bars and coins) has joined the DP World International League T20 Season 4 as an Official Partner.

In recent years, Big Ticket has become more than just a raffle, it has gained the reputation of being a brand built around rewarding dreams and celebrating ambition, growing into one of the region’s largest and one of the most anticipated monthly draws in the UAE.

DP World ILT20 – the 34-match cricketing extravaganza – the biggest T20 tournament in the region featuring some of the most renowned global cricket stars is currently being played at the Dubai International Stadium, Zayed Cricket Stadium, Abu Dhabi and Sharjah Cricket Stadium.

A cricket player from the Abu Dhabi Knight Riders standing at the crease, ready to receive a ball. The player is dressed in a purple and gold uniform with matching gold-colored leg pads and a gold helmet. He holds the bat upward in a standard batting stance. The stadium background features blue seats, a "UAE Cricket" sign, and another player in an orange uniform in the distance.

DP World ILT20 Head of Partnerships Ishan Chopra: “We are delighted to welcome a UAE born raffle giant like Big Ticket as an Official Partner of the DP World ILT20. Their legacy of helping dreams come true aligns perfectly with our vision of delivering unforgettable, fan-first experiences across the league. This partnership strengthens our commitment to creating moments of excitement both on and off the field, and we look forward to elevating Season 4 together. With a household name like Big Ticket on board, we are confident of unlocking even more opportunities for fans to engage, celebrate and go All In for Cricket.”

Meanwhile, DP World ILT20 match tickets across all categories are available for the remaining tournament matches. Various spectator stand tickets start at AED 20 and hospitality packages start from AED 325. Fans can also book the new Sixes Lounge experience for AED 395, which includes unlimited food and beverages. Tickets can be purchased by visiting tickets.ilt20.ae or Virgin Megastores.

Continue Reading

Trending

Copyright © 2023 | The Integrator