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Main construction works commence at The EDGE, Business Bay, as Select Group awards the AED 655 million contract to Engineering Contracting Company LLC (ECC)

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DUBAI, Feb. 6, 2024 /PRNewswire/ — Select Group, a leading real estate developer renowned for its commitment to excellence and innovation, is pleased to announce that it has awarded Engineering Contracting Company LLC (ECC) the 655 million Dirhams ($178.32m) contract for its sold-out development, The EDGE, Business Bay. 

 

 

A dual tower development designed by Killa Design, the mastermind designer behind Museum of the Future, The EDGE introduces an eclectic urban vibe to the city with its modern architecture and signature interior design of bold, contrasting colour palettes, complemented by state-of-the-art amenities and spectacular views. 

Boasting a prime location at the intersection of Downtown Dubai and Business Bay, The EDGE is a testament to modern living, reflecting Select Group’s commitment to delivering exceptional quality and value in its real estate offerings. The development occupies an impressive built-up area of 1.423 million square feet, providing a combined total of 1,030 units across its two towers. 

“We are delighted to partner with Engineering Contracting Company LLC (ECC) once again for the construction of The EDGE”, said Rahail Aslam, founder and Group CEO at Select Group. “This collaboration reflects our shared commitment to quality and innovation, and we are confident that together we can deliver an exceptional development that surpasses industry standards.” 

Following the completion of the enabling phase led by Pinnacle International Piling Foundation, Engineering Contracting Company LLC (ECC) commenced primary construction works on January 25th, 2023, marking a pivotal stage in the project’s progression, reinforcing Select Group’s unwavering dedication to timely delivery at every stage of development. 

With a renowned reputation for delivering high-quality projects, Engineering Contracting Company LLC (ECC) has been one of the region’s most established and diverse contracting companies since 1975. With a track record of innovative and challenging projects, ECC will play a significant role in bringing the development to life. The awarded contract promises to set new benchmarks in architectural brilliance and quality craftsmanship, seamlessly aligning with the vision of Select Group. 

Mr Hatem Farah, Chairman of Engineering Contracting Company LLC (ECC), stated: “We are thrilled to have been selected as the construction partner for Select Group’s project, The EDGE. Partnering with Select Group on this pioneering property development is a clear affirmation of our dedication to delivering excellence in construction. We aim to ensure that each project reflects our values and skills and contributes to advancing a more sustainable world.”

Anticipated for completion in Q4 2026, The partnership between Select Group and Engineering Contracting Company LLC (ECC) cements the commitment to elevate The EDGE to new heights, delivering an exceptional residential experience and contributing to the vibrant tapestry of the Business Bay and Downtown cityscape. 

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About Select Group:
Based in Dubai, the United Arab Emirates, Select Group is an award-winning real estate development and investment firm specialising in a selection of verticals, including real estate development, investments, hospitality, and retail.  Select Group’s development portfolio comprises over 20 million square feet of award-winning residential, commercial, hospitality and retail developments, delivering over 7,000 homes, with another 5,000 units in the pipeline, a combined Gross Development Value (GDV) of over AED 20 billion. 

https://select-group.ae/ 

 

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MarketsandMarkets appoints Nirmal Shani as Managing Partner in Dubai, in line with IPO plans

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DELRAY BEACH, Fla., Nov. 26, 2024 /PRNewswire/ — MarketsandMarkets, the only Indian-origin startup to feature in the Forbes list of ‘America’s Best Management Consulting Firms 2023’, has appointed Nirmal Ramesh Shani as Managing Partner.

Nirmal joins MarketsandMarkets from S&P Global to lead its real-time megatrend disruption impact platform for the global energy sector. He has over 23 years of experience with IHS Markit, Dun & Bradstreet, and Times of India. During his formative years, he supported his family business, exporting Indian handicrafts to Japan and USA.

Sandeep Sugla, Founder and CEO of MarketsandMarkets, said: “It’s my pleasure to welcome Nirmal to MarketsandMarkets. His leadership further strengthens our ability to address customer needs at a time when the global energy, power, chemical, material, and industrial sectors are undergoing unprecedented transformations. We estimate approximately USD 25 trillion emerging from new revenue sources by 2030 as megatrends like AI, clean tech, blockchain, IoT, etc., disrupt current revenue streams of customers and the customer’s customers.”

Milan Rao, COO and CRO of MarketsandMarkets, said, “Nirmal joins a growing list of global leaders who are committed to taking our AI-enabled platform, KnowledgeStore, and our cutting-edge growth and disruption consulting capabilities to over 13,000 clients globally. His knowledge and expertise will add significantly to our presence in the energy and ESG sectors worldwide.”

Nirmal is passionate about energy and sustainability; in his most recent role at S&P Global, he helped create landmark platforms — such as the CERAWeek Asia Pacific Energy Forum in Houston, the India Energy Forum in New Delhi, the partnership with PETRONAS for Energy Asia in Kuala Lumpur, and with Japan’s Ministry of Economy, Trade and Industry (METI) for the Asia Green Growth Partnership Ministerial Meeting (AGGPM) — to elevate the Voice of Asia within the global energy system towards an ‘Equitable Energy Transition for All’. 

On his appointment, Nirmal said: “MarketsandMarkets helps progress my mission to the next level. I haven’t seen any other platform in the world that provides such a telescope for global energy, chemical, and industrial leaders to analyze the impact of disruptive shifts in real-time and in an interconnected way. The proprietary tools combined with exclusive on-demand access to research, and a dedicated growth program manager ensures our clients avoid missing blind spots and gain early mover advantages.”

Nirmal is an alum of Narsee Monjee College and Welingkar Institute of Management. He serves on the Board of Advisors/Governing Council of Umang Foundation, a non-profit organization with whom he has been associated since 2009. His philanthropic initiatives focus on education and health-related issues in rural India.

About MarketsandMarketsTM 

MarketsandMarkets, recently featured on the Forbes list of America’s Best Management Consulting Firms, is a blue ocean alternative in growth consulting and program management with the widest lens on emerging technologies, leveraged through a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. The B2B economy is witnessing the emergence of USD 25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. MarketsandMarkets works with several Forbes Global 2000 B2B companies, helping them monetize this USD 25 trillion opportunity—through TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing—and stay relevant in a disruptive ecosystem. MarketsandMarkets’ cutting-edge AI-powered KnowledgeStore™ platform (Market Intelligence Cloud) integrates research and facilitates analyses of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To learn more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn, and Facebook.

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Media inquiries:
Mr. Rohan Salgarkar
USA: +1-888-600-6441

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Co-founders Aman Gupta and Sandeep Sugla with Nirmal Shani at MarketsandMarkets headquarters in Pune, India.
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StarCompliance Expands Cryptocurrency Compliance Capabilities with the Acquisition of Aer Compliance

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Bringing traditional securities trading compliance and digital asset management into one comprehensive solution

ROCKVILLE, Md., Nov. 26, 2024 /PRNewswire/ — StarCompliance (Star), a leading SaaS provider of employee compliance technology solutions, is excited to announce the acquisition of Argus Inc. DBA  Aer Compliance (Aer), a leader in cryptocurrency trading pre-clearance and post-trade monitoring solutions. This strategic acquisition positions Star clients to monitor and mitigate risk more holistically by bringing traditional securities trading, and now digital assets, into one comprehensive solution. With Aer’s unique capability to monitor at the coin and wallet level—going beyond ETFs— Star’s clients will gain unparalleled visibility and control in the rapidly evolving cryptocurrency landscape.

“By integrating Aer’s advanced technology into our platform, Star is helping our clients prepare and get ahead of emerging regulations in the fast-changing cryptocurrency space,” said Jennifer Sun, CEO of Star. “We’ve been very fortunate to work with Owen and his team over the last 18 months as partners and now look forward to our future as a combined company.”

Owen Rapaport, Aer’s co-founder and CEO, will join Star as Executive Director of Product Management, Digital Assets, continuing to develop, integrate and introduce innovative solutions for mitigating cryptocurrency and digital asset risk. This acquisition builds on Star’s leadership position in regulatory compliance, adding advanced tools to Star’s Employee Conflicts of Interest suite, tailored to the rapidly evolving world of digital assets, ensuring clients stay ahead of emerging regulatory requirements.

The Aer acquisition adds several capabilities to Star’s robust offerings, including:

  • Configurable, automated employee pre-trade clearance, post trade monitoring and automated alerts for digital assets
  • Elimination of manual trade reviews with the ability to identify potential violations with post-trade monitoring across 130+ exchanges and 30+ blockchains
  • Recognition of undeclared employee accounts using public blockchain data
  • AI technology enabling assisted reviews of marketing content for unsubstantiated statements of material facts and hypothetical performance leading to faster approvals.

“As cryptocurrency continues to mature both as a personal investment asset class and a strategic business line for financial institutions, the demand for robust compliance solutions has never been greater,” said Rapaport. “Star’s vision for advancing employee compliance aligns perfectly with Aer’s commitment to fostering trust and integrity in this evolving landscape. Together, we will deliver cutting-edge products and usher in a new era of cryptocurrency trading and compliance.”

About Aer Compliance

Aer Compliance (Aer), incorporated in Delaware as Argus Inc., is the first employee trade compliance solution for digital assets. With a customer base comprising the largest funds and market makers globally, Aer’s software brings robust controls to this world of emerging risks. As regulators increase their scrutiny of cryptocurrency, Aer is the essential way to ensure appropriate measures are in place to protect both the firm and its employees. Aer’s US federal public sector work further informs its cutting-edge approach to compliance. You can find out more about the solution at www.aercompliance.com

About StarCompliance

StarCompliance (Star) is a leading provider of employee compliance technology solutions. Trusted for over 25 years by over a million users in 114 countries, Star’s next-generation platform and user-friendly interface delivers the data, technology, and actionable insights needed to proactively mitigate risk, monitor conflicts globally, and support complex whistleblowing regulations. Visit www.starcompliance.com to discover the comprehensive security and unparalleled assurance you need to build a culture of compliance today. 

Media Contact:
Greg Tarmin
+1 917-868-7791
[email protected]

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London Blockchain Summit: Blockchain in Government and Public Sector Successfully Convenes at the House of Lords

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LONDON, Nov. 26, 2024 /PRNewswire/ — London Blockchain Conference (LBC) is proud to announce that the London Blockchain Summit: Blockchain in Government and Public Sector was held in the House of Lords, UK Parliament on Monday, 25th November.

This exclusive, invite-only gathering brought together leading policymakers, technology pioneers, and industry experts to explore the critical intersection of blockchain technology and governance frameworks. The event provided a unique opportunity to discuss DEI strategies, the power of blockchain and AI to reduce bias, and how Web3 and blockchain can drive more equitable access.

The summit kicked off with an introduction by Lord Wharton of Yarm and Baroness Charlotte Owen setting the tone for an evening of meaningful conversations around the potential of blockchain.

The key highlight of the summit was the “Driving Inclusive Innovation: DEI Strategies for Blockchain, Web3, and AI in the UK” panel discussion. The panellists included:

The panel, moderated by Alex Stein, Conference Director for LBC, was structured into three segments: Policy Frameworks for Diversity, Equity and Inclusion (DEI), Addressing Bias in AI, and Equitable Access in Web3 and Blockchain. The discussion delved into importance of embedding DEI into tech policy frameworks, addressing systematic AI biases through ethical benchmarking, the role of blockchain in ensuring transparency and equitable access to data, the importance of partnerships in funding, digital literacy programs, and democratising access with secure technology solutions. The panellists emphasised fostering innovation through diverse leadership, leveraging data to drive impactful decisions and tackling challenges such as digital poverty and gender disparity in the tech space.

Some of the additional key discussion points were:

  • Less than one-third of the tech workforce comprises women, highlighting the gender divide that must be addressed to bring more women into tech and blockchain
  • Education systems need disruptive innovation to integrate technology and blockchain to foster equitable digital literacy, especially for under-represented groups
  • AI and blockchain together can help reduce bias, but frameworks and accountability are needed to ensure ethical implementation and equitable access
  • Organisations must adopt operational practices and blockchain-based solutions that support DEI and encourage diversity of thought to foster innovation

The panel also highlighted actionable strategies such as using procurement processes to prioritise DEI, creating inclusive AI training datasets, and establishing equitable educational opportunities across demographics. They also discussed strategic interventions that organisations should prioritise to create equitable opportunities in Web3 and blockchain.

The London Blockchain Summit was a resounding success with engaging conversations and insights from both the panellists and the audience, that are set to shape the future of blockchain technology in government and public services.

About the London Blockchain Conference

UNITING ENTERPRISE, AI & WEB3 

At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, big ecosystem announcements, new product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 

Notes to Editors:

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Dr. Maxine Room, CBE, a trailblazer in education and equality, diversity, and inclusion. With an extensive career leading Further Education colleges and a passion for anti-racism and mentoring, Maxine now applies her expertise to innovative technologies like blockchain and digital literacy.

Chrissy Hill is the General Counsel at Parity Technologies and a champion for diversity of thought. Chrissy has an impressive background spanning law, investment banking, and Web3, and she’s dedicated to creating inclusive, long-lasting business solutions—always with a smile.

Stephanie Ramezan is a seasoned entrepreneur and thought leader in the digital assets space. As the former CEO of Gemini UK and one of the ‘Most Influential Women in Blockchain,’ Stephanie is passionate about empowering female founders and driving equitable opportunities in emerging tech.

Jo Stansfield is the founder of Inclusioneering and a Business Psychologist with a deep background in engineering. Jo’s focus is on embedding diversity and inclusion into the technology and engineering sectors, drawing on her experience and her groundbreaking research into gender and racial diversity.

View original content:https://www.prnewswire.co.uk/news-releases/london-blockchain-summit-blockchain-in-government-and-public-sector-successfully-convenes-at-the-house-of-lords-302316610.html

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