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H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority (Dubai Culture), attended the 2024 graduation ceremony of Dubai Medical University, held under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai. The ceremony included the graduation of two new cohorts comprising 220 female students who completed various undergraduate and graduate programmes. This year, Dubai Medical University celebrates four decades since its founding. Over this period, it has undergone significant transformations, from a college offering specialised medical courses to a leading institution in the medical education sector. H.H. Sheikh Hamdan bin Mohammed has been a pillar of support for the university, which has several firsts to its name, including becoming the first academic institution in the region to adopt Artificial Intelligence technologies. This move aligns with the university's efforts to keep pace with the rapid technological advancements taking place globally. Speaking on the occasion, Lieutenant General Dhahi Khalfan Tamim, Deputy Chief of Police and Public Security in Dubai, and Chairman of the Board of Trustees of Dubai Medical University, recalled the historic transformation witnessed by the university as envisioned by its founder, the late Haji Saeed Lootah. That vision, he said, is embodied by the institution’s leadership, helping it chart an exceptional academic record spanning nearly half a century. Continuing its journey of leadership and excellence, the university continues to shape healthcare professionals endowed with high levels of expertise and human values, offering healthcare of the highest standards, he said, adding that the university’s vision aligns perfectly with the vision of UAE’s leadership to achieve leadership in diverse spheres. The graduation ceremony was attended by members of the Board of Trustees of the Saeed Ahmed Lootah Charity Foundation and faculty members of Dubai Medical University. The graduating students pledged loyalty and utmost dedication to their country and its leadership. Held under the theme ‘The Mother,’ the event spotlighted the vital role of mothers in shaping strong societies and communities by motivating and enabling their children to contribute positively to the advancement of humanity. Follow Emirates 24|7 onRepresentative image HYDERABAD: Global IT and engineering solutions provider Techwave opened its second global delivery centre in Hyderabad, along with its first AI Engineering Hub , as part of plans to increase its headcount to around 6,000 in India by 2027. The facility, which is spread over 1 lakh square feet at financial district, has a capacity to accommodate around 1,200 people, including the 100-seater AI engineering hub that will cater to over 300 global clients. Techwave currently has a global headcount of around 3,300, of which 2,000 are in Telangana between its GDCs in Hyderabad and Khammam. The US-based company is headquartered in Houston and also has a presence in Australia, the Netherlands, Germany, and Hungary, apart from India. “We plan to set up a facility in Warangal as well in Q1 of 2025 and plan to have a headcount of 1,000 each in Warangal and Khammam over the next 2-3 years. In India, we plan to house 6,000 out of our total expected global headcount of 7,000 by 2027,” Damodar Rao Gummadapu, Co-founder and chairman, Techwave, told TOI on Saturday after the Telangana IT and industries minister Duddilla Sridhar Babu inaugurated the new GDC here. At Khammam, he said, the company is looking at ramping up the headcount to 800-1,000 people over the next year or so from the existing 400-odd techies, who support global clients in telecom and utilities with technologies such as 5G, as well as data analytics and data integration. He said at Warangal too, the teams will focus on supporting clients for global telecom and utilities. The teams in Hyderabad focus on digital transformation , building interfaces, data lakes, and application modernisation. The newly unveiled AIE will develop proof of concept (PoC) for clients primarily across sectors such as fintech, manufacturing, life sciences, telecom, and utilities, he added. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
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A GROUNDBREAKING discovery in the Philippines has unveiled the first hermaphroditic green mussel, locally known as tahong, found in mussel farms within the inner Malampaya Sound in Palawan. Released on November 26, the study titled “First Record of Hermaphroditism in Green Mussels (Perna viridis) in the Philippines” was authored by Adzel Adrian Baldevieso, Ma. Shirley Golez and Fiona Pedroso from Mindanao State University-Naawan and University of the Philippines Visayas. Conducted from October 2017 to March 2018, it involved the collection of 1,890 green mussels. Of the 540 samples subjected to histological analysis, one was identified as a hermaphrodite, representing 0.18 percent of the total sample. Initially appearing male due to the typical milky creamy white color of the male sex gland, further examination revealed both male gametes (spermatocytes and sperm) and female gametes (developing eggs) in separate areas, each at different stages of development. While the researchers did not draw definitive conclusions on the effect of temperature on the sex ratio and hermaphroditism, they noted that only one hermaphroditic sample was recorded, and the research lasted just six months. “Such conditions can lead to intersex traits, which might indicate underlying environmental problems,” the researchers said. Salinity and temperature were regularly monitored during the sampling period using a refractometer and a thermometer. The average salinity was 29.47 parts per thousand (ppt), and the temperature averaged 28.20°C, both within the ideal range for green mussels. An unexpected male-to-female ratio of 1:0.86 was also noted, deviating from the typical 1:1 ratio. Males predominated in October (1:0.73) and December 2018 (1:0.72), while females slightly outnumbered males in November (1:1.05) and March 2018 (1:1.03). The lack of categorization in November was likely due to spawning activity. ‘Incidental’ discovery The researchers clarified that the discovery was “incidental.” ”We were just fortunate to obtain a rare sample, which emerged as an incidental discovery beyond the primary objectives of my Master’s thesis research,” Baldevioso explained to the BusinessMirror in a Messenger interview. The thesis, titled “Pilot Testing of Longline Method for Green Mussel Culture in Traditional Areas,” initially focused on the connection between the reproductive cycle and meat quality of green mussels, he said. The Accelerated S&T Human Resource Development Program of the Department of Science and Technology’s Science Education Institute and the DOST-Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development supported the study that was part of a larger project on longline mussel culture. Rarity of hermaphroditism The rarity of hermaphroditism in this study aligns with similar findings elsewhere, such as in Hong Kong (Qatar tribune Agencies Bitcoin soared above $100,000 for the first time on Thursday, marking a widely anticipated milestone that is hailed even by skeptics amid coming-of-age for cryptocurrencies – as investors bet on a friendly U.S. administration to cement cryptos’ place in financial markets. The total value of the cryptocurrency market has almost doubled over the year so far to hit a record just shy of $3.8 trillion, according to data provider CoinGecko. By comparison, Apple alone is worth about $3.7 trillion. Bitcoin’s march from the libertarian fringe to Wall Street has minted millionaires, a new asset class, and popularized the concept of “decentralized finance” in a volatile and often controversial period since its creation 16 years ago. Bitcoin has more than doubled in value this year and is up more than 50% in the four weeks since Donald Trump’s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress. Once it broke $100,000 in Thursday’s Asian morning, it was soon above $103,000 on its way to an all-time high of $103,619, a surge of about 6% on the day. It was last fetching $101,933. “We’re witnessing a paradigm shift,” said Mike Novogratz, founder and CEO of U.S. crypto firm Galaxy Digital. “Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream – this momentum is fuelled by institutional adoption, advancements in tokenization and payments, and a clearer regulatory path.” Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin. “We were trading basically sideways for about seven months, then immediately after Nov. 5, U.S. investors resumed buying hand-over-fist,” said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund. On Wednesday, Trump said he would nominate Paul Atkins to run the Securities and Exchange Commission (SEC).Atkins, a former SEC commissioner, has been involved in crypto policy as co-chair of the Token Alliance, which works to “develop best practices for digital asset issuances and trading platforms,” and the Chamber of Digital Commerce. “Atkins will offer a new perspective, anchored by a deep understanding of the digital asset ecosystem,” said Blockchain Association CEO Kristin Smith. “We look forward to working with him ... and ushering in – together – a new wave of American crypto innovation.” A slew of crypto companies, including Ripple, Kraken and Circle, are also jostling for a seat on Trump’s promised crypto advisory council. Bitcoin has proven to be a survivor of precipitous downturns. Its move into six-figure territory is a remarkable comeback from a dip below $16,000 in 2022 when the industry was reeling from the collapse of the FTX exchange. Founder Sam Bankman-Fried was subsequently jailed. Analysts say the growing embrace of Bitcoin by big investors this year has been a driving force behind the record-breaking rally. U.S.-listed bitcoin exchange-traded funds (ETFs) were approved in January and have been a conduit for large-scale buying, with more than $4 billion streaming into these funds since the election. “Roughly 3% of the total supply of bitcoins that will ever exist have been purchased in 2024 by institutional money,” said Geoff Kendrick, global head of digital assets research at Standard Chartered. “Digital assets, as an asset class, is becoming normalized,” he said. “If you fast forward a number of years on trading floors, you’ll have a sales and trading desk ... which will sit alongside FX and rates and commodities.” It is already becoming increasingly financialised, with the launch of bitcoin futures in 2017 and a strong debut for options on BlackRock’s ETF in November. Crypto-related stocks have soared along with the bitcoin price, with shares in bitcoin miner MARA Holdings and exchange operator Coinbase each up around 65% in November. Software firm Microstrategy, which has repeatedly raised funds to buy Bitcoin and held an aggregate of about 402,100 bitcoins as of Dec. 1, has gained 542% this year. Trump himself unveiled a new crypto business, World Liberty Financial, in September, although details have been scarce. The billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies. The cryptocurrency industry has been criticized for its massive energy usage, while crypto crime remains a concern, and the underlying technology is yet to deliver a major revolution in how money moves around the globe. Still, as Russian President Vladimir Putin pointed out at an investment conference on Wednesday: “Who can prohibit it? No one.” And its longevity is perhaps a testament to a degree of resilience. “As time goes by, it’s proving itself as part of the financial landscape,” said Shane Oliver, chief economist and head of investment strategy at AMP in Sydney. “I find it very hard to value it ... it’s anyone’s guess. But it does have a momentum aspect to it, and at the moment, the momentum is up.” Copy 06/12/2024 10Key Architectural Services Market Trend 2024-2033: Technological Advancements
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Skyro, a financial technology firm, has launched its buy-now-pay-later (BNPL) financing and flexible loan as a growing number of Filipinos find ways to cope with inflation and the impacts of recent typhoons. "With high inflation and the typhoons we have experienced, consumers may have money to spend now, but who knows if the money will still be there in the future?" Skyro head for point-of-sale system Lowen Medina said. Skyro's BNPL and flexible loans are available on its app, making financial services accessible to Filipinos nationwide. Through its partnership with Paynamics, Skyro also connects consumers with over 4,000 merchants, including e-commerce websites, hotels, airlines and insurance companies. Medina said Skyro offers zero to low interest rates and adjustable payment periods. "They can go to the app and adjust their monthly amortization and due date. In this way, we ensure that they will still be able to pay their loans based on the payment term they have selected," he said. Vision “Our vision is for Filipinos to enjoy a life they’ve always dreamed of. Now we’re slowly making that happen through our partnership with Paynamics, allowing its online merchants to offer our flexible financial lending solutions," Medina continued. Using Skyro's own artificial intelligence and data analysis system, Medina said loan applications can be approved in as fast as two seconds up to five minutes. He added that Skyro registered a high approval probability rate, with 80 percent of all loan applications usually approved. "Together, we bring stronger cash flow to businesses while offering customers flexible payment options and terms, fostering a more inclusive and digitally empowered economy," Paynamics co-founder and chief executive officer Mylene Chua-Magleo said.