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Dubai [UAE], December 25 (ANI/WAM): In line with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to position Dubai as a global centre for culture, an incubator for creativity, and a thriving hub for talent, Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority (Dubai Culture), has unveiled a report titled 'Creative Dubai: Navigating Tomorrow's Creative Landscape'. This initiative is part of Dubai Culture's efforts to advance the objectives of the Dubai Creative Economy Strategy. The report, developed in collaboration with DinarStandard, a privately-owned growth strategy research and advisory firm empowering organisations for responsible global impact, highlights Dubai's achievements in the cultural and creative industries, the key factors contributing to the city's cultural vision, and significant data tracking the sector's transformation. It also offers a comprehensive analysis of the creative sector's performance and its diverse investment opportunities. Also Read | Kazakhstan Plane Crash: Azerbaijan Airlines' Baku-Grzony Flight J28243 Crashes Near Aktau Airport, Killing 38, Say Officials. She emphasised that creativity is a powerful cultural, social, and economic force and a vital pillar in shaping the future of societies and cities. Highlighting its significant impact on advancing Dubai's knowledge and innovation-driven economy, she said, "Through its extraordinary growth journey and visionary achievements, Dubai has established itself as a prominent global economic and cultural hub. Under the leadership of Sheikh Mohammed bin Rashid Al Maktoum, Dubai has become a magnet for talent and investors worldwide. Its dynamic economic system and ambitious initiatives combined with the boundless opportunities it offers creatives and entrepreneurs, Dubai has reinforced its leadership in the creative economy and its role in shaping the future of culture and art." Sheikha Latifa bint Mohammed emphasised the strategic significance of the report, highlighting its comprehensive overview of the creative economy in the UAE, the Arab region, and worldwide, as well as its role in shaping the future of the local creative sector. "Dubai continues to advance its creative and cultural industries by embracing innovative solutions, developing advanced digital infrastructure, and fostering an environment that empowers and supports the cultural and creative sector. This involves developing an integrated ecosystem that supports the entire cultural and creative cycle, encompassing creation, production, dissemination, exhibition, reception, transmission, and culminating in consumption or participation. By offering the necessary resources and facilities for creative businesses, we encourage talent to establish their ventures here. This approach has strengthened Dubai's global profile and leadership, transforming it into a thriving cultural hub, strongly aligned with our creative economy strategy." Also Read | 'Hanukkah Sameach': PM Narendra Modi, President Droupadi Murmu Extend Hanukkah Greetings to Israeli PM Benjamin Netanyahu on Jewish ‘Festival of Lights’. The report provides a comprehensive overview of the creative sector, which serves as a significant global economic force, representing 6.1 per cent of the world's economy with a total value of USD 4.3 trillion. The report also shows that the UAE had the largest creative sector in the MENA region in 2021. According to the Dubai Framework for Cultural Statistics, and data issued by the Dubai Data and Statistics Establishment, Dubai's cultural and creative industries generated AED21.96 billion in added value in 2022, contributing 4.6 per cent to the emirate's GDP. The report reveals that 47,544 companies operate in Dubai's creative sectors, providing jobs for 175,727 employees. In addition, Dubai attracted 898 foreign direct investment (FDI) projects in the cultural and creative industries in 2023, increasing total capital inflows for FDI projects to AED11.8 billion. Additionally, the report reveals that Dubai is home to more than 40 per cent of start-ups in the sector that have secured over USD 1 million worth of funding in the MENA region, with 306 based in the emirate. Hala Badri, Director General of Dubai Culture, affirmed that Dubai has strengthened its status as a global hub for the cultural and creative industries thanks to its visionary leadership and attractive legislative and investment environment. She emphasised that the Creative Dubai report reflects the performance and reality of Dubai's cultural sector and its ability to shape a bright future, stating: "The report's findings provide strong motivation for members of Dubai's creative community, opening new horizons for them and inspiring innovation, as they continue their professional journeys and implement their unique ideas and projects, contributing to the strength of Dubai's cultural and creative industries, aligned with Dubai Culture's commitment to empowering talent and entrepreneurs." The report highlights how Dubai's robust infrastructure, business-enabling support and vibrant cultural environment have significantly contributed to its global leadership. This enabled Dubai to win the bid to host the World Cities Culture Summit 2024 for the first time in the MENA region and the International Council of Museums (ICOM) General Conference 2025 for the first time in the Middle East, Africa and South Asia. Furthermore, Dubai ranked first regionally and fourth globally in the Cultural Interaction parameter within the 2023 Global Power City Index for the second consecutive year. The report also outlines the trends that will shape the sector in Dubai over the coming years. The emirate seeks to enhance its position as a global innovation hub by adopting cutting-edge solutions, supporting artificial intelligence, augmented reality, and blockchain technologies, balancing technological advancement with sustainable innovation while preserving cultural identity, attracting talent and fostering their engagement with the community. The report provides a comprehensive set of recommendations to foster the growth of Dubai's creative sector. It highlights key opportunity hotspots for investors, showcasing the most dynamic and rapidly expanding cultural and creative domains. The report also identifies relevant innovations, opportunity areas, and investment themes that leverage the UAE's membership in BRICS to broaden the scope of creative collaborations and expand market potential. A strong emphasis is placed on affordable technological solutions tailored to SMEs, including initiatives such as government-funded projects and public innovation labs. Additionally, the report advocates for the adoption of a hybrid business model that seamlessly integrates physical and digital operations. It underscores the importance of developing integrated curricula that build linkages between the creative industry and educational institutions, ensuring a sustainable talent pipeline and industry growth. The creative sector's influence on Dubai is evident in its economy, global distinctiveness, and quality of life. Dubai stands out as a regional leader in the creative sector, fostering cultural enrichment, generating economic opportunities, and championing the conservation and restoration of natural ecosystems. Its innovative urban development and artistic aesthetics further enhance its appeal, solidifying its position as a hub for cultural tourism. (ANI/WAM) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
A Solana investor who has held their position for four years recently achieved a remarkable 12,343% return on investment. This milestone has caught the attention of the crypto market, particularly with the investor reinvesting in a new contender expected to deliver comparable results within just four months. Rexas Finance (RXS) emerges as the favored choice, offering a groundbreaking tokenization model that bridges real-world assets and blockchain technology. The Rise of Rexas Finance RXS Rexas Finance stands out as a leader in real-world asset (RWA) tokenization, enabling seamless integration of physical assets into blockchain networks. The platform transforms how individuals and institutions acquire, own, and manage assets, such as real estate, gold, and fine art. Through its unique system, investors can acquire fractional ownership of assets, democratizing access to traditionally exclusive markets. Rexas Finance simplifies investing in high-value markets, such as real estate and commodities, through fractional ownership. An investor from Asia, for instance, can own a fraction of a restaurant in Europe, earning passive income from rentals or profit-sharing without significant upfront capital. This approach removes barriers like high entry costs and liquidity challenges, making asset investment accessible to a broader audience. Real estate tokenization—the platform’s flagship feature—is especially impactful, targeting a market valued in the trillions. Comprehensive Ecosystem Tools Key features of Rexas Finance include: Rexas Token Builder: A tool enabling users to tokenize assets like real estate, commodities, or stocks, creating liquidity and expanding investment opportunities. QuickMint Bot: Available on Telegram and Discord, this bot facilitates rapid token minting across Ethereum and other EVM-compatible blockchains. Launchpad and Estate Services: The Rexas Launchpad supports fundraising for tokenized projects, while Rexas Estate offers specialized tools for real estate investments. Advanced AI Tools: Rexas GenAI and AI Shield enhance the platform’s security and operational efficiency, ensuring seamless interaction between blockchain and traditional asset markets. Presale Momentum and Community Growth Rexas Finance’s presale has captured significant interest, raising over $30.8 million across ten stages. Early-stage investors have already seen a 5x increase in the token’s value, from $0.03 to $0.15. The ongoing presale offers further potential, with a projected 1.33x return for those entering at the current price. Notably, the project opted for a public presale rather than venture capital funding, emphasizing inclusivity and transparency. The RXS token, an ERC-20 asset, boasts a supply of 1 billion tokens, strategically allocated to maximize community engagement and liquidity. Rexas Finance’s credibility is further bolstered by its CertiK audit and listings on CoinMarketCap and CoinGecko. These endorsements not only validate the project’s security and compliance but also enhance visibility among crypto enthusiasts, traders, and institutional investors. The platform’s plans to debut on three top-tier exchanges add another layer of anticipation for its future. A New Contender in the Crypto Market The decision to reinvest in Rexas Finance reflects growing confidence in its innovative approach to tokenization. By addressing long-standing issues in asset management, such as illiquidity and inaccessibility, RXS positions itself as a transformative force in the crypto market. Its ability to integrate traditional asset classes into blockchain networks is not merely a theoretical promise but an operational reality, with tools and infrastructure already in place. Investors eyeing substantial returns are drawn to the platform’s potential to deliver exponential growth. Beyond real estate, Rexas Finance tokenizes commodities and art, unlocking value across diverse markets. For instance, the global commodities market, estimated at $121.2 trillion, represents a vast opportunity for fractional ownership. Similarly, tokenized art offers liquidity and accessibility in a market previously dominated by high-net-worth individuals. 🔥 $RXS Presale Stage 10 Sold Out 🔥 We’re excited to announce that Rexas Finance Presale Stage 10 has been sold out! ✅ Presale Stage 11 is now live, with the price per token increasing to $0.175 🚀 Don’t miss your chance to get in early! ⭐️ Buy Now: https://t.co/tNJAsvBiYe ... pic.twitter.com/6lg1WFwnkH Conclusion The extraordinary success of the Solana investor underscores the potential of early and strategic crypto investments. Rexas Finance, with its focus on real-world asset tokenization and a robust ecosystem, stands poised to replicate—if not surpass—these returns in a shorter timeframe. As the RXS presale progresses and anticipation builds for its official launch, the platform’s innovative model continues to attract attention from both seasoned and new investors. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
Xenia Hotels & Resorts, Inc. (XHR) to Issue Quarterly Dividend of $0.12 on January 15thMichigan defensive tackle Kenneth Grant declared for the 2025 NFL Draft on Thursday after three seasons with the Wolverines. The 6-foot-3, 339-pound junior was a third-team All-American and a second-team All-Big Ten selection this season. He had three sacks among his 32 total tackles over 12 games in 2024. As a sophomore, Grant helped the Wolverines claim the national championship with 29 tackles and 3 1/2 sacks in 15 games. "I am very appreciative to Coach (Jim) Harbaugh and coach (Sherrone) Moore and the rest of the University of Michigan staff that I have crossed paths with," Grant posted on social media. "It has been an honor to be developed into a Michigan Man." Other Michigan players who intend to leave the program for the draft include defensive lineman Mason Graham, cornerback Will Johnson and tight end Colston Loveland. --Field Level MediaJim Montgomery was hired as coach of the NHL's St. Louis Blues on Sunday, five days after being fired as coach of the Boston Bruins. The 55-year-old Canadian, who guided Boston to an NHL record for wins and points in a season but never got past the second round of the playoffs, replaced Drew Bannister, who was fired after a 9-12-1 start by the Blues this season. An 8-9-3 start this season by the Bruins led to Montgomery's firing, but he signed a five-year contract with the Blues. "This was more an opportunity to get someone of Jim's caliber more than anything else," Blues president of hockey operations Doug Armstrong said. "We've had to deal with our situations off the ice with injuries and everyone deals with that, but this decision was based 100% on having someone of Jim's caliber becoming available when I didn't know that was going to happen." Montgomery is 180-84-33 as an NHL coach, having guided Dallas for two seasons and Boston for just over two campaigns, going 120-41-23 with the Bruins. In the 2022-23 season, the Bruins won an NHL record 65 games and compiled a record 135 points under Montgomery, who was named the NHL's Coach of the Year, but were upset by Florida in the first round of the playoffs. Boston also lost to the eventual 2024 Stanley Cup champions in last year's playoffs. Montgomery was dropped by the Bruins last Tuesday and replaced by Joe Sacco. "He certainly has a very positive demeanour, works well with the top players in the organizations that he's been with," Armstrong said. "He has a wealth of experience and he's at the prime of his coaching career." The Blues, who won the 2019 Stanley Cup, have missed the playoffs the past two seasons. Bannister went 39-31-6 as the Blues coach after replacing Craig Berube last December. Montgomery gets his first test with the Blues on Monday when they visit the New York Rangers. js/sev
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