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DMCC AWARDED GLOBAL FREE ZONE OF THE YEAR 9TH YEAR IN ROW

  • The Financial Times’ FDI Magazine awards DMCC ‘Global Free Zone of the Year 2023’ over 68 other nominees
  • Ninth consecutive win endorses DMCC as the world’s leading business district
  • DMCC also recognised with six other awards for Regional Winner (Middle East), Large Tenant Winner (Global), Large Tenant Winner (Middle East), SME Highly Commended (Middle East), Excellence Award for Governance Winner (Global), and Excellence Award for Infrastructure Investment Winner (Global)

DUBAI, UAE, Oct. 12, 2023 /PRNewswire/ — DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has been named ‘Global Free Zone of the Year 2023’ by the Financial Times’ FDI Magazine for a record ninth consecutive year.

<img align="middle" alt=" DMCC – the world’s flagship free zone and Government of <span>Dubai</span> Authority on commodities trade and enterprise – has been named ‘Global Free Zone of the Year 2023’ by the Financial Times’ FDI Magazine for a record ninth consecutive year." id="prnejpgd288left" src="https://oyefilmy.com/wp-content/uploads/2023/10/dmcc-awarded-global-free-zone-of-the-year-9th-year-in-row-1.jpg" title=" DMCC – the world’s flagship free zone and Government of <span>Dubai

A total of 69 nominees were assessed against a comprehensive set of criteria, updated this year to increase scope and difficulty, by the Financial Times’ editorial team and a panel of independent judges, making the award one of the most prestigious accolades that a free zone can earn.

The central methodology of the assessment focused on understanding the strength of the investment environments and the company expansion prospects that the free zone enables. Given its core focus on increasing the ease of doing business and the fact that DMCC contributes towards 11% of Dubai’s foreign direct investment (FDI), DMCC scored particularly highly in these two areas.

Further recognising the leading business district and trade hub that DMCC has established, it was also awarded:

  • Free Zone of the Year – Middle East
  • Large Tenant Free Zone of the Year – Global
  • Large Tenant Free Zone of the Year – Middle East
  • Highly Commended SME Free Zone of the Year – Middle East
  • Excellence Award for Governance – Global
  • Excellence Award for Infrastructure Investment – Global

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “DMCC’s success is testament to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai who laid the foundation for a world-class trade centre and business district. Through the development of national infrastructure, particularly multimodal transportation links and logistics hubs, DMCC has exceeded expectations to become a global leader in several classes of commodities, and is now accountable for 11 per cent of Dubai’s FDI. As a result, DMCC continues to expand, with its fully-leased Uptown Tower being the latest example of its ongoing demand. DMCC’s greatest strength is based on providing exceptional value, a proposition we will continue to champion in today’s evolving regulatory environment.”

Record-breaking performance and attracting FDI

2022 saw DMCC’s most successful year on record, attracting 3,049 new businesses to its business district. This was followed by a near identical six-month performance in H1 2023 in which DMCC registered 1,469 new companies to take its total member count to over 23,000. The large influx of foreign businesses has also solidified DMCC’s role as a central driver of FDI, contributing significantly to the UAE’s economic development.

Driving trade

2023 also marks the year that DMCC sought to activate its diamond expertise to support global trade within lab-grown diamonds (LGD) and coloured gemstones. It held the region’s first symposium dedicated to advancing the LGD industry and also hosted the International Coloured Gemstone Association annual congress.

DMCC continued to facilitate trade across a wide range of verticals, including strategically important commodities such as gold, diamonds, precious metals and stones, tea and coffee, supporting the advancement of the global commodities market and cementing the position of Dubai as a leading hub for commodities trade.

Setting the benchmark for mixed-use communities

DMCC was recognised for its Jumeirah Lakes Towers (JLT) business district, and the range of upgrades and enhancements made to further the community’s standing as a world-class destination to live, work and visit. This included an update on its solar car park sunshades project, which will result in a saving of 7,612 MWh of energy each year.

Attention also turned to DMCC’s Uptown Tower, which recently welcomed its first phase of commercial tenants, launch of the SO/ Uptown Dubai branded residences, and the opening of the urban luxury SO/ Uptown Dubai hotel. Details on the development of the next phase of DMCC’s Uptown Dubai district will be announced in due course, adding further capacity to the business district and significantly bolstering its F&B, retail, entertainment, and cultural offering.

Dedicated ecosystems

The Financial Times also noted DMCC for the strategic partnerships it forms with key local and global entities as part of its remit to build specialised interconnected business ecosystems, such as the DMCC Crypto Centre and the DMCC Gaming Centre. These allow for the exchange of knowledge and resources, and incubation and acceleration, opening new trade corridors in support of DMCC’s member growth. Recent examples include agreements with Bybit and TDeFi (Web3), Czech Mint (gold) and BSAF (agri commodities).

About DMCC

Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae

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Reliance Digital Introduces High-Performance iQOO 15R to its Nationwide Store Network

MUMBAI, India, March 11, 2026 /PRNewswire/ — Reliance Digital announces the offline retail availability of iQOO, the high-performance smartphone brand built for today’s youth and tech-forward consumers. Following strong traction in online channels, iQOO is now extending its presence into physical retail, allowing customers to experience and purchase its devices first-hand at Reliance Digital stores across India.

Known for pushing the boundaries of speed, and power, the iQOO 15R is powered by the Snapdragon 8 Gen 5, delivering exceptional speed, responsiveness, and sustained performance throughout the day. It packs iQOO’s biggest battery yet in an ultra-slim 7.90mm design, making it India’s slimmest smartphone with a 7600 mAh battery.

The device features a 6.5K IceCore VC Cooling Chamber for stable performance and runs on OriginOS 6.0 based on Android 16 out of the box, supported by 4 years of software updates and 6 years of security updates. It is also equipped with a Sony LYT-700V OIS camera, a 1.5K 144Hz AMOLED EyeCare display, and IP68 & IP69 dust and water resistance, making it a dependable daily partner for professionals on the go.

The brand’s offline expansion marks an important step in deepening consumer engagement by offering hands-on access to its devices, enabling customers to explore iQOO’s powerful performance, advanced display technology, and flagship-grade camera capabilities in a real-world retail environment.

The availability of iQOO at Reliance Digital brings together two brands driven by innovation and consumer experience. While iQOO continues to build its reputation as a performance-led smartphone brand, Reliance Digital strengthens its portfolio by offering customers access to cutting-edge technology brands through its extensive nationwide retail network.

Through engaging in-store experiences, knowledgeable staff, and immersive product demonstrations, Reliance Digital aims to help consumers better understand iQOO’s performance-first DNA. This move further reinforces Reliance Digital’s commitment to staying ahead of evolving consumer preferences and serving as a preferred destination for discovering new-age technology.

With this expansion, Reliance Digital continues to play a key role in shaping India’s consumer electronics landscape by bringing future-ready brands closer to customers, while enabling smartphone brands like iQOO to build stronger connections with a growing, performance-driven audience.

The all new iQOO 15R is now available at Reliance Digital stores nationwide.

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Kotak Alts announces winner of the inaugural Katalyst Awards

Ms Himani Choudhary named Katalyst for the year – India’s Best Financial Content Creator; wins Rs. 25 Lakhs

MUMBAI, India, March 10, 2026 /PRNewswire/ — Kotak Katalyst Awards, a national initiative instituted to recognise excellence and responsibility in financial content creation has announced the winner of its first Katalyst edition. Kotak Alternate Asset Managers Limited (“Kotak Alts”) today announced Himani Choudhary as the winner. The winner was awarded a prize of INR 25 Lakhs, positioning Katalyst among the most meaningful recognitions for financial content creators in India.

Srini Sriniwasan, Managing Director, Kotak Alts, said, “The Kotak Alts Katalyst Awards were instituted to recognize content creators who are contributing meaningfully to financial literacy in India. As investor participation deepens, audiences are seeking clarity, context, and credibility. The response from creators was overwhelming and points to the new generation of financial educators.  As the inaugural winner Ms. Himani Chaudhary, exemplifies the standard of financial communication that Katalyst seeks to encourage.”

The first edition of the Kotak Alts Katalyst Awards received over six hundred entries from across 19 states and in 8 languages, reflecting the growing role of digital creators in shaping financial awareness. Conceived in response to increasing clutter and misinformation in the financial ecosystem, Katalyst is designed to recognize creators who place accuracy, transparency, and investor interest at the core of their work.

The winning content, ‘Personal Finance & Major Finance Updates’ by Himani Choudhary, was recognised for its clarity, originality, and credibility. The jury noted the content’s ability to explain complex financial concepts in a clear and measured manner, supported by strong research and a consistent focus on investor education over virality.

To ensure a robust and transparent evaluation process, the awards framework was designed and audited by EY. The top thirty entries were assessed by an academic jury.

The top 10 finalists were subsequently evaluated by a grand jury comprising Kunal Shah, Founder and CEO of CRED; Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund; and Alpesh Shah, Managing Director and Senior Partner at Boston Consulting Group, and chaired by Ananth Narayan, former Whole–Time Member of SEBI with extensive capital markets and regulatory experience.

The Katalyst Awards recognise financial content creators who priorities financial literacy, substance, and long–term investor interest. Through this initiative, Kotak Alts aims to encourage responsible financial communication and support the development of informed and confident investors across India.

About Kotak Alternate Asset Managers Ltd: Kotak Alternate Asset Managers Limited (‘Kotak Alts’), a part of Kotak Mahindra Group (‘Kotak’), focuses on Alternate Asset Management and Investment Advisory businesses. Kotak Alts was set up in early 2005 and has raised, managed, and advised over USD 22 billion across different asset classes, including Private Equity, Real Estate, Infrastructure, Special Situations, Private Credit, and Investment Advisory. The asset management business and investment advisory vertical are managed by independent specialist teams. For more information, visit https://www.kotakalternateasset.com/

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Paperpal for Life Sciences Establishes HIPAA Readiness, Strengthening Enterprise Adoption of AI in Regulated Medical and Scientific Writing Workflows

MUMBAI, India, March 10, 2026 /PRNewswire/ — Paperpal for Life Sciences, an enterprise-grade Artificial Intelligence (AI) platform by Cactus Communications, purpose-built for Medical Affairs and Life Sciences organizations, announced the completion of an assessment evaluating its operational and technical safeguards to support Health Insurance Portability and Accountability Act (HIPAA) requirements. This milestone reinforces Paperpal’s commitment to meeting the rigorous standards of security, data protection, and regulatory readiness required for regulated scientific workflows.

Growing AI use in medical affairs writing and publication workflows is intensifying scrutiny on data privacy, governance, and regulatory accountability. To support these evolving needs, Paperpal for Life Sciences has undertaken an assessment of its systems and processes to evaluate readiness to support HIPAA compliance, where applicable, and now proudly offers the option to execute a Business Associate Agreement (BAA) for Protected Health Information (PHI) and Personally Identifiable Information (PII). This offering gives customers the confidence that PHI or PII, if received, is handled securely and responsibly, in line with regulatory expectations and enterprise risk management practices.

Paperpal for Life Sciences provides AI writing, literature search, source-grounded summarization with citation support, and critical publication checks, powering medical affairs content creation under stringent data privacy and governance controls. The platform accelerates research-to-publication timelines by upto 25%, supporting faster dissemination of clinical evidence and earlier commercialization of new drugs and therapies.

Nishchay Shah, Group CTO and EVP, Products and AI at Cactus Communications, said, “As AI becomes foundational to regulated scientific and medical workflows, compliance and trust are no longer optional. Paperpal for Life Sciences’ HIPAA readiness measures reflect our secure-by-design approach to AI, strong data governance framework, and alignment with real-world enterprise and regulatory requirements. This milestone enables organizations to adopt AI at scale with confidence that their data, processes, and compliance obligations are protected .”

Elvira Dsouza, President, Cactus Life Sciences, added, “Medical Affairs and Life Sciences teams operate in highly regulated environments where scientific rigor, data privacy, and compliance are non-negotiable. HIPAA readiness positions Paperpal for Life Sciences as a trusted AI partner, one that enables organizations to accelerate evidence generation and scientific communication without compromising regulatory integrity .”

With this announcement, Paperpal for Life Sciences reinforces its position as a purpose-built, enterprise-ready AI platform for medical affairs content generation that supports innovation while meeting the highest standards of privacy, ethics, and regulatory compliance.

Media Contact:

Nidhi Amin

nidhi.amin@cactusglobal.com 

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