Latest news with #SalehLootah
Hi Dubai
16-06-2025
- Business
- Hi Dubai
UAE Strengthens Global Leadership in Islamic Finance and Halal Industry
The UAE is accelerating its position as a global powerhouse in Islamic finance and the halal industry, launching a sweeping national strategy to drive innovation, economic diversification, and international competitiveness. The comprehensive plan, unveiled in May, outlines an integrated ecosystem for Islamic finance—including banking, Takaful (Islamic insurance), Sukuk (Islamic bonds), and non-banking services—anchored in global standards. This move is backed by modern infrastructure, progressive regulation, and targeted investment in knowledge-based growth. Islamic banking continues to expand its footprint, with recent data from the Central Bank showing it accounts for 18% of banking assets and nearly 23% of credit. As of February 2025, Islamic banks in the UAE extended AED503.5 billion in total credit, a 16% year-on-year rise. Deposits surged 16.9% to AED595.3 billion. The Islamic Sukuk sector is also surging. The launch of dirham-denominated Islamic Treasury Sukuk (T-Sukuk) in 2023 marked a milestone. Nasdaq Dubai now hosts over US$95.7 billion in listed Sukuk, placing the UAE among the world's top Sukuk listing centres. The country ranked fourth globally in Islamic finance markets by total assets in 2023, according to the Islamic Finance Development Indicator. Alongside finance, the UAE is scaling up its halal sector, aiming to grow exports from AED74 billion to AED315 billion by 2031. Local manufacturers are increasingly tapping into this growing market, driven by rising global demand for halal-certified goods. Saleh Lootah, Chairman of the UAE Food and Beverage Manufacturers Group, called the strategy a game-changer for positioning the UAE as a global halal production centre, citing the country's logistics advantages and world-class infrastructure. News Source: Emirates News Agency
Emirates 24/7
06-02-2025
- Automotive
- Emirates 24/7
Dubai Media Elevates Broadcast Capabilities with Advanced 4K Technology
Dubai Media Incorporated (DMI), a leading media group in the UAE and the region, has announced the successful implementation of state-of-the-art 4K technology across its Outside Broadcast (OB) fleet. This milestone includes the addition of a fully integrated satellite-enabled OB van, reinforcing Dubai Media's commitment to advancing its technical and logistical capabilities while cementing its position as a leading media group in the UAE and the region. The OB van is equipped with 14 ultra-high-definition 4K cameras, supported by advanced operational systems and cutting-edge broadcasting equipment. Developed entirely in-house by DMI's specialized engineering teams, the upgrade was completed in just three weeks—a testament to the organization's agility and technical expertise. This investment ensures DMI can deliver seamless, high-quality coverage of large-scale events, from official events to major sports and cultural occasions. DMI will debut the new OB van during the 2025 World Government Summit, taking place from February 11 to 13, where it will play a key role in providing an immersive viewing experience aligned with global production standards. This initiative reflects DMI's broader strategy to continually innovate in content delivery and optimize audience engagement through superior broadcast quality. Further strengthening its live coverage capabilities, DMI's newly added satellite-integrated OB van is designed for direct transmission from event sites to broadcast stations via satellite. Equipped with a fully operational control room, advanced audio-visual mixing systems, and robust internal and external communication networks, the OB van ensures smooth, real-time content management. Its advanced connectivity tools also facilitate efficient coordination between on-ground teams and the main broadcast center, guaranteeing seamless information flow and broadcast continuity. To support dynamic event coverage, DMI has also introduced next-generation robotic cameras (GSS), adaptable for use on vehicles and helicopters. These high-performance cameras are designed to capture crisp, high-quality footage in challenging conditions, enhancing DMI's ability to cover a diverse range of events, including horse racing, endurance sports, and cycling competitions. Commenting on these advancements, Saleh Lootah, Senior Vice President of Engineering & Operations at DMI, stated: "At Dubai Media, we are committed to leveraging cutting-edge technologies to elevate our content production capabilities. By fostering a culture of innovation within our engineering teams, we aim to set new benchmarks in broadcast excellence. The integration of 4K technology and satellite-enabled OB vans reflects our strategic focus on enhancing operational efficiency, expanding our global reach, and delivering world-class media experiences." Lootah added that these developments are pivotal in strengthening DMI's broadcast operations and expanding its international footprint. They also underscore the organization's dedication to adopting global best practices and maintaining the highest standards of quality and excellence in media services. About Dubai Media: DMI is the UAE's largest and most influential leading media group, with a diverse portfolio spanning television, radio, print, and digital platforms. Dubai Media's mission is to enrich lives through impactful content that informs, engages, and entertains. Its media ecosystem includes over 18 brands, featuring seven television channels (Dubai TV, Sama Dubai, Dubai One, Dubai Zaman, Noor Dubai, Dubai Racing, Dubai Sports), radio stations (Noor Dubai and Dubai Radio), leading newspapers (Al Bayan and Emarat Al Youm), and prominent digital platforms like Dubai Post and Awaan. DMI also operates specialized entities such as DMI Academy, Dubai Studios, Masar Printing and Publishing, Tawseel, and the Mohammed bin Rashid Center for Quran Printing, driving innovation across the media landscape. Follow Emirates 24|7 on Google News.
