Economy
Launch of “Azizi Wines” in “Dubai South” at a cost of 30 billion dirhams
Assisi Real Estate Development Company revealed its plans to develop the “Azizi Venice” project in the “Dubai South” area at a cost of around 30 billion dirhams, noting that the new luxury complex is inspired by the Italian city of Venice. It is located entirely within a crystal clear lake, in which swimming is possible.
The project was launched last night at a grand function in Dubai attended by over 10,000 people.
The new project will offer 24 million square feet of space on a 15 million square foot land, apart from the “Opera”, a temperature-controlled “luxury pedestrian boulevard” and a wide range of other amenities.
Azizi assumes lead developer responsibility for the construction of buildings, roads and all infrastructure for the mixed-use project, which will have more than 30,000 residential units distributed across nearly 100 residential complexes, in addition to more than 400 villas and luxury homes.
“Azizi Venice” is distinguished by its large pool with many beaches surrounding all its residential buildings, villas and luxury houses, in addition to designated areas for entertainment, retail and various commercial activities.
The beaches are surrounded by desalinated and filtered water, as well as a promenade that includes an eight-kilometer cycling and running track, yoga facilities and other sports activities, restaurants and a group of specialty shops. Apart from shops, brands and restaurants featuring international cuisine, there are three-story buildings on both sides of Assisi Boulevard.
In addition to a private hotel located on an island in the middle of the lake, the project will offer two five-star hotels owned and managed by Assisi at its entrances.
“Azizi Venice” will have a full-service hospital, a kindergarten, high school to grade schools, and four kilometers of main road, and will be surrounded by additional options of restaurants and shopping outlets.
Mirwais Azizi, founder and chairman of the board of directors of Azizi Real Estate Development, pointed out that “Assisi Venice is a unique complex and destination in Dubai and the Middle East region in general,” adding, “The new project will change that. It is home to around 80,000 residents, and more than 80,000 people are tourists.” Fascinating place.” 30 thousand visitors daily.
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Economy
3 Asian countries control 72% of global chip industry, and US earmarks $260 billion to regain leadership
About 70% of the total manufacturing capacity is located in South Korea, Taiwan and China, with the US in fifth place after Japan, which will have a 13% share in 2022, the semiconductor lobby body revealed.
In 1990 the United States accounted for 37% of production capacity, Europe another 44%, and Japan came in third with 19%. The latter was considered a semiconductor powerhouse in the 1980s, accounting for 51% of global chip sales in 1988.
The Biden administration passed the Chips and Science Act in August 2022, allocating about $280 billion to push the lagging domestic chip industry in terms of research and manufacturing to regain its leadership.
Although 200 mm wafers are still widely manufactured and used, the chart focuses on 300 mm wafers introduced in 2001, capable of holding more wafers and believed to be more cost-effective.
In 2022, the new standard and its predecessor showed similar production levels, but these numbers are expected to change significantly in the coming years.
By 2026, SEMI expects monthly volume of 9.6 million 300 mm wafers, while 200 mm wafer production will reach 7.7 million per month. In the last category, China leads in terms of production capacity, followed by Japan and Taiwan in second and third place respectively.
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Economy
Bitcoin is jumping around 10 percent on the week
Bitcoin rallied strongly this week as the world’s number one cryptocurrency hit its all-time high, with a recovery in financial assets benefiting from the dollar’s decline.
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The prospect of an end to the Federal Reserve’s continuing monetary tightening cycle for more than a year and a half has contributed to a recovery in all financial assets, including major indices in global stock markets. Gold hit an all-time high after breaking above $2,100 an ounce, while Bitcoin rose to its highest level in 2023. This year has been one of the windiest years for the cryptocurrency as it ranks ninth. The largest assets by market value rose 166 percent to reach $860 billion.
Other reports, expectations of an end to the monetary tightening cycle, and expectations of an earlier-than-expected shift in monetary policy contributed to bitcoin’s gains. The latest expectations indicate the possibility of a rate cut in the US after the end of the first quarter of 2024, compared to previous expectations, which indicates the possibility of a rate cut at the beginning of the third quarter of the year. The most important factors fueling Bitcoin’s rise are reports of the imminent approval of Bitcoin exchange-traded funds (ETFs) submitted to major investment firms and related US bodies.
On the other hand, this year has not been without negative news for cryptocurrencies, especially the sanctions faced by one of the world’s largest cryptocurrency exchanges, Finans, which admitted early last month that it had lied in some of the allegations against it. US and private authorities were fined approximately $4.3 billion for anti-money laundering crimes, while the exchange’s founder, Changpeng Zhao, pleaded guilty and announced his resignation as CEO. Financial transfer.
Bitcoin rose 9.97% to register around $43,801 during this week’s trading. Meanwhile, Ethereum price rose 6.56% to reach $2,345.
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Economy
Digital advertising is still in a state of uncertainty
One of the golden rules in the business world is respect for the customer. This principle served Elon Musk when it came to Tesla and SpaceX. The message is if you want to drive or introduce an amazing car. Satellite to space, then Elon is what you are looking for. .
But the world’s richest man is testing the opposite side of the equation with his social media game, X, after several big companies, including Disney, Apple and IBM, have decided. Withdraw their ads from his platform. As a result of his endorsement of an anti-Semitic tweet, the world’s richest man delivered a clear message: “Go to hell.”
Advertisers seem to be taking Musk’s message seriously, and it would be easy to move to Google, TikTok or Facebook.
Platform X, formerly known as Twitter, represents a small slice of the vast digital advertising market. Media agency GroupM expects that digital advertising requires rare talent to turn a profit outside of the money fountain, but the success of “X” in this field is quite shocking.
GroupM expects the digital advertising market to grow 9.2% to $617 billion this year. The five largest global ad vendors, Google, Meta, and ByteDance, which operate TikTok, Alibaba, and Amazon, are expected to grow ad revenue by 25.4% on a combined annual basis between 2016 and 2022.
But some advertisers question how well other digital advertising platforms take care of their customers. A recent report by ad analytics service Adalytics found that ads for some major international brands and US and European government agencies continue to appear on pornographic sites and on companies in other banned countries.
After analyzing 7.2 million websites on the Internet, Adaltics found numerous examples of ads for companies including Apple, BMW, Walmart and the US Treasury appearing on questionable sites without the advertisers’ knowledge. the way It allows third-party developers to embed search engines on their own sites, presumably through Google’s search partner network.
Showing ads this way not only puts advertisers’ reputations at risk, but also performs poorly, according to Analytics. Google announced investigations into Adalytics’ allegations, but found no evidence that ad revenue was shared with recognized companies.
However, the widespread adoption of machine learning systems is allowing marketers and digital advertising platforms to deliver and deliver more targeted and personalized ads than ever before.
“It allows us to send the right message to the right customer at the right time,” says Mark Reid, CEO of WPP advertising agency. So, for example, the agency used artificial intelligence and geolocation tools in 2021. 130,000 video ads for 2,000 local stores in India, all with Bollywood star Shah Rukh Khan’s “personal” endorsement.
Ads were viewed 4 million times on YouTube and Facebook, but Reid added that advertisers expect more transparency from digital platforms and third-party verification of where and when their ads are shown.
Reed said these platforms, which are interested in gaining market share, must encourage such transparency.
Some lawmakers are calling for tougher regulatory interventions to address the problem, and U.S. Senator Mark Warner called on the Federal Trade Commission and Justice Department to investigate “digital ad brokers operating in a concentrated, fraudulent ecosystem.”
Arid Research senior analyst Richard Cramer says marketers have shown “sad negligence” by not paying enough attention while spending billions of dollars annually.
Kramer compared the digital advertising market to a vast, opaque stock market, where billions of trades are conducted daily and are subject to verification and settlement, while other trades often take place in “dark rooms.”
Kramer said Google may stop showing ads through its search and video partner networks, but the company wants to stay small, even if it’s better. He added: “None of these companies want transparency. “For big tech companies, transparency seems like a dirty word.” So, it’s time for advertisers to enforce such transparency, even if lawmakers don’t.
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