Fintech PR

Shamal announces Nad Al Sheba Gardens Mall bringing a new retail and lifestyle experience to the community

Published

6 hours ago

October 30, 2024

shamal-announces-nad-al-sheba-gardens-mall-bringing-a-new-retail-and-lifestyle-experience-to-the-community

Nad Al Sheba Gardens welcomes a new addition to the community with a new mall that will include high-quality retailers
Mall to act as a central meeting point featuring restaurants, a nursery, and health and fitness amenities
Waitrose, a renowned premium British supermarket brand licensed by Spinneys in the UAE, will be an anchor store, further widening its local presence

DUBAI, UAE, Oct. 30, 2024 /PRNewswire/ — Shamal – a diversified investment firm, born in Dubai, managing a global portfolio of investments, assets and experiences, has announced plans for Nad Al Sheba Gardens Mall, bringing a new retail and lifestyle offering to community residents at its new Nad Al Sheba Gardens residential development.

Nestled just ten minutes from Downtown Dubai and within easy reach of areas including DIFC, Business Bay, and Meydan, Nad Al Sheba Gardens, owned by Shamal and developed by Meraas, is a new gated community that stands out as one of Dubai’s most desirable locations, thanks to its serene greenery and premium lifestyle experiences.

This 1.5 million m² residential community offers stunning, contemporary three-to-seven-bedroom villas, and townhouses in a carefully curated environment. It includes a wide range of amenities for leisure, fitness and relaxation, as well as a state-of-the-art education campus, all designed for residents to enjoy an elevated standard of living. Lush, green landscapes give way to sparkling lagoons, connected by walkable roads, cycling and running tracks and pathways meandering through the greenery, with the essence of the community evident at every turn.

The Nad Al Sheba Gardens Mall will be set over two storeys and designed as a pavilion gateway to the extensive landscaping of the Nad Al Sheba Gardens masterplan – it is part of an overall enhancement of the development, its amenities and infrastructure, and will feature a variety of retail options, F&B outlets, a nursery, and health and fitness amenities. Waitrose, the renowned premium British supermarket brand licensed by Spinneys in the UAE, will serve as the anchor store.

“Nad Al Sheba Gardens is an extraordinary living experience, designed as a calm yet vibrant environment which allows residents to find a ‘sense of belonging’. It is a tangible manifestation of the UAE’s ambition to be the best place to live, and a place where people find their forever home,” said Abdulla Binhabtoor, CEO at Shamal. “The development has been considerately curated to offer an unmatched contemporary lifestyle which includes access to the best amenities. The new mall will perfectly serve the community, acting as a central meeting point for residents to create and build meaningful connections, which is a core ethos of Nad Al Sheba Gardens.”

Sunil Kumar, CEO of Spinneys, commented: “We are delighted to continue our growth in the UAE with the planned opening of a new Waitrose store at Nad Al Sheba Gardens Mall. As one of the leading fresh-focused food retailers in the UAE, this latest expansion is another important step in the execution of our whitespace strategy, enhancing our presence in key locations across the country. Waitrose at Gardens Mall will bring the best of British and international produce to the community, offering a premium shopping experience.”

Built with materials that will allow it to sit harmoniously within the landscape and featuring a natural colour palette, the mall’s architecture will integrate with the landscaped parking and surrounding parks, enabling a seamless transition between indoor and outdoor spaces. The light steel roof, supported by vertical columns, enhances the open, airy ambience, and shaded colonnades, whilst indirect natural light adds to the tranquility.

Dennis Vermonden, Associate at Loci Architecture and Design said: “The thoughtfully considered design and construction of Nad Al Sheba Gardens Mall perfectly reflects its serene, tranquil surroundings, capitalising on the beautifully landscaped environment. Minimalist yet contemporary, the sympathetically selected build materials enable the mall to effortlessly integrate with the wider master development, while remaining a centrepiece of the community.”

About Nad Al Sheba Gardens

Nad Al Sheba Gardens is a new gated residential community in the Nad Al Sheba area, which is owned by Shamal and developed by Meraas. Nad Al Sheba Gardens is centrally located within easy reach of iconic landmarks including Burj Khalifa, Meydan Racetrack and The Dubai Mall. The masterplan boasts a 1.5 million m² residential community offering stunning, contemporary three-to-seven-bedroom homes in a carefully curated environment that includes everything residents will need to enjoy an elevated standard of living, from a wide range of amenities for leisure, fitness and relaxation, to a state-of-the-art education campus. Lush, green landscapes give way to sparkling lagoons, connected by walkable roads, cycling and running tracks and pathways meandering through the greenery, with the essence of the community evident at every turn. Designed to offer true legacy living, Nad Al Sheba Gardens is a sanctuary of ambition and purpose, offering an unmatched contemporary lifestyle for its residents.

About Shamal

Born in Dubai, Shamal is a diversified investment firm, managing a global portfolio of investments, assets and experiences. The investments we make are strategically chosen and thoughtfully nurtured, mirroring Dubai’s ambition, spirit and energy.

Our real estate portfolio spans master communities, districts, residences, retail hubs and commercial spaces, we help realise potential, delivering unique developments such as Dubai Harbour and Nad Al Sheba Gardens. We invest in a range of properties, franchises and operations across the hospitality sector from luxury, premium and affordable experiences, with extraordinary domestic and international brands as diverse as Jumeirah Zabeel Saray, Hart Shoreditch Hotel London, Baccarat Hotel & Residences Dubai, SUSHISAMBA and Five Guys. As the owning company of some of Dubai’s most unique and iconic leisure and entertainment destinations, we curate extraordinary experiences every day. We also partner with best-in-class asset managers to manage a globally diversified investment portfolio.

About Meraas

Meraas plays a key role in the development of communities that stimulate creative urban culture and represent some of Dubai’s most sought-after locations. Residential communities of Meraas include the prestigious Bvlgari Residences, Bluewaters Residences, Nikki Beach Residences, City Walk Residences, Central Park at City Walk, Cherrywoods, Port de La Mer, Villa Amalfi, 1/JBR, La Vie and others.

About Spinneys & Waitrose UAE

Spinneys’ UAE story started in 1961 when the first supermarket opened in Al Nasr Square. It has since grown to be one of the leading premium supermarket retailers in the UAE, with 79 stores (including Waitrose) across the UAE, Oman and Saudi Arabia. The first Waitrose store opened in the iconic Dubai Mall in 2009. Much loved by expats and locals in the region, Waitrose UAE enjoys a well-deserved reputation for forward thinking, keeping pace with changes in cooking trends and the emergence of new products worldwide. Today the group’s supermarkets have built a strong name for supplying top-quality produce and offering an elevated level of customer service. Food quality, safety and freshness have always been at the forefront of the company’s ethos.

About Loci

Established by Hani Fallaha and Hamad Khoory in 2012, a culturally driven design-led studio believes in the importance of context and the power of the locus to inform its design process and architecture.

Combining a clear and elegant vision of pure rational form and spatial quality, we seek to instill in every aspect of our work an uncompromising dedication to quality. Functionality, durability and comfort are prime components within an architectural language that is aesthetic but resists fashion and trends, employing where possible locally sourced materials and products. We seek to produce architecture that increases the quality of life for the occupant and end-user, that is timeless and environmentally sensitive.

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Fintech PR

FDUSD Expands to the Solana Blockchain to Further Strengthen and Bolster Access

Published

33 mins ago

October 30, 2024

CISION (PR Newswire)

The development adds to its existing availability across Ethereum, BNB Chain and Sui

DUBAI, UAE, Oct. 30, 2024 /PRNewswire/ — First Digital Group (“First Digital” or the “Group“), a leader in digital asset custody and trust services in Asia and parent company of FD121 Limited (also known as First Digital Labs), announces that First Digital USD (“FDUSD“) will be natively deployed to the Solana blockchain, further strengthening and bolstering access to the stablecoin.

The announcement was made at Binance Blockchain Week 2024, marking a significant milestone in First Digital’s commitment to delivering fast, secure, and cost-effective stablecoin transactions for global users. By integrating with Solana’s high-performance blockchain, FDUSD will leverage Solana’s ultra-fast transaction speeds, low fees and high scalability to meet growing demand for accessible, cross-chain stablecoin solutions by end of 2024.

As a fast-growing challenger in the stablecoin arena, FDUSD continues to provide diverse options to users and partners. By adding Solana to its growing list of supported blockchain networks, FDUSD will empower both retail and institutional users to take advantage of Solana’s scalability, unlocking new possibilities for cross-border payments, decentralised finance (DeFi), and everyday transactions.

With Solana’s impressive processing speed—capable of handling up to 65,000 transactions per second—users can experience near-instant transaction confirmations. This integration aims to support applications in areas such as DeFi and payments, driving greater utility and adoption of FDUSD across both emerging and established markets.

Vincent Chok, CEO and Founder of First Digital commented: “Expanding FDUSD onto Solana represents a significant step in our mission to enhance its accessibility, availability and utility across multiple blockchain ecosystems. Solana’s robust and scalable infrastructure will allow us to deliver even greater value to our users, supporting a wider range of financial use cases and enabling faster, more efficient transactions.”

Lily Liu, President of Solana Foundation, added: “As Solana continues to lead the way to redefining blockchain scalability and performance, we are excited to welcome FDUSD into our ecosystem. The integration of FDUSD on Solana will enable new possibilities for real-world, on-chain financial innovations.”

FDUSD is a 1:1 USD-backed stablecoin issued by First Digital Labs, the brand name of FD121 Limited. The FDUSD stablecoin is backed on a 1:1 basis by one U.S. dollar or assets of equivalent fair value, held in accounts of regulated financial institutions globally. Independent reserve audits are published monthly. FDUSD is currently available on Ethereum, BNB Chain and Sui.

About First Digital Group

First Digital Group (“First Digital”) is the parent company of First Digital Trust Limited, Asia’s leading qualified custodian and registered trust company, and FD121 Limited (also known as First Digital Labs), issuer of First Digital USD (FDUSD).

First Digital Group safeguards, advances and innovates to help clients navigate digital assets as well as benefit from trusted next-generation financial services.

First Digital was established in 2017 under the umbrella of the Legacy Trust Company, an established custodian and trust established in 1992 and registered under the Trustee Ordinance in Hong Kong. Its mission is to help clients benefit from a digital-first future by combining digital asset innovation with its strong foundation in trust, custody and asset management services. The Group’s custody and trust arm, First Digital Trust Limited, was established in 2019 and became a fully independent public trust corporation headquartered in Hong Kong with a presence across Asia.

First Digital Trust Limited has been recognised as one of HSBC’s ‘Emerging Giants in Asia Pacific‘ Report 2022, while its innovation subsidiary, FD121 Limited (a.k.a. First Digital Labs), is the issuer of the FDUSD stablecoin.

www.1stdigital.com

About First Digital Labs

First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specialising in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin.

To learn more about First Digital Labs, visit https://firstdigitallabs.com/

View original content:https://www.prnewswire.co.uk/news-releases/fdusd-expands-to-the-solana-blockchain-to-further-strengthen-and-bolster-access-302291656.html

Fintech PR

Bybit P2P Rewards HODLers with 30,000 USDT Prize Pool

Published

33 mins ago

October 30, 2024

CISION (PR Newswire)

bybit-p2p-rewards-hodlers-with-30,000-usdt-prize-pool

DUBAI, UAE, Oct. 30, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a 30,000 USDT prize pool to reward new Bybit P2P users for their patience. The Buy, Win and Hold airdrop will benefit at least 3,000 newcomers who can hold on to their crypto purchases during the campaign period.

Campaign period: Oct. 29 – Nov. 29., 2024

How to participate:

Eligible new users of Bybit P2P may register at the event page
During the campaign, complete a first deposit of 100 USDT or more on Bybit P2P
Trade any amount on Spot
The user shall maintain their holding until the end of the event to qualify for rewards up to 10 USDT per user

The simple tasks to honor crypto’s time-honored HODL tradition takes minimum effort, a short holding period, and requires a small amount of capital for traders in their discovery stage of P2P trading.

“Bybit P2P has something to offer for traders of all levels, and it is well placed to support novice traders starting on a blank slate. Our goal is to deliver an intuitive platform offering ample rewards schemes, marketing support and a large P2P community, and all the essential tools our users need to bootstrap their decentralized wealth-building in P2P,” said Joan Han, Sales and Marketing Director at Bybit.

Bybit P2P provides a user-friendly peer-to-peer trading solution, allowing users to buy and sell directly at mutually agreed prices. With an ultra-fast matching engine, support for over 60 currencies and 300 payment methods at zero fees, Bybit’s P2P platform ensures seamless transactions between makers and takers. By lowering the barriers to entry into the digital assets marketplace, P2P on Bybit offers greater access and promotes financial inclusion for everyday crypto users regardless of capital amount.

Find out more about the event and eligibility at Bybit P2P.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-p2p-rewards-hodlers-with-30-000-usdt-prize-pool-302291648.html

Fintech PR

Bybit to Host Exclusive Forum: Bridging Islamic Finance and Cryptocurrency

Published

2 hours ago

October 30, 2024

CISION (PR Newswire)

bybit-to-host-exclusive-forum:-bridging-islamic-finance-and-cryptocurrency

DUBAI, UAE, Oct. 30, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce an exclusive forum dedicated to exploring the intersection of Islamic finance and cryptocurrency. This event will take place on November 18, 2024, at 6 PM Dubai at Bybit’s Dubai office.

The educational forum will feature esteemed speakers, including Dr. Muhammad Yusuf Abu Jazr (Abu Ubaidah), PhD in Comparative Jurisprudence, former member of the Iftaa’ Council, and founding director of the Crypto Halal Office, Dr. Mohammad Mahdy, Founder and Chief Executive Officer at Exaado and more. These renowned experts will share their insights on the principles of Islamic finance and the potential of cryptocurrency to align with Shariah principles.

Bybit’s launch of its Islamic Account represents a significant development in the intersection of cryptocurrency and Islamic finance, effectively bridging innovation with adherence to Sharia principles. This initiative not only caters to the growing demand for Sharia-compliant trading options among Muslim investors but also aligns with the broader trends in the digital future of Islamic finance.

The forum aims to educate and engage the community about Bybit’s Shariah-compliant trading products, highlighting the platform’s commitment to providing inclusive and ethical financial solutions.

Key Highlights of the Forum:

In-depth discussion on the principles of Islamic finance and ethical investing
Presentation on Bybit’s Islamic Account, including its features, benefits, and unique selling points
Live product demonstration to showcase the user-friendly interface and seamless trading experience
Engaging Q&A session to address questions and concerns from attendees

Bybit’s Islamic Account offers a comprehensive suite of Shariah-compliant trading products, providing Muslim traders with an inclusive platform to engage in the digital asset market. Developed in consultation with ZICO Shariah Advisory Services Sdn. Bhd. (ZICO Shariah) and CryptoHalal to ensure compliance with the Shariah principles, the account ensures that all products strictly adhere to Islamic finance principles.

To RSVP, please visit: https://lu.ma/fci5yk52

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media