A UAE-funded mosque has opened in Scotland's fourth largest city.
The Dh7.7 million Al Maktoum Mosque was inaugurated by the UAE Ambassador to Britain, Abdul Rahman Ghanem Al Mutaiwee. It was built beside Al Maktoum College of Higher Education, and both are under the patronage of Sheikh Hamdan bin Rashid, Deputy Ruler of Dubai and the Minister of Finance.
The three-storey mosque covers more than 650 square metres and can accommodate 160 male and 100 female worshippers. As well as prayer halls, there is also space for meetings and events, reported WAM, the sate news agency.
Guests at the opening ceremony included Mirza Al Sayegh, chairman of the college's board of trustees.
newsdesk@thenational.ae
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VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
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COMPANY PROFILE
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.