Tag Archives: UAE

News

Susan Caplan launches online with Ounass in the UAE

Ounass is pleased to announce the launch of Susan Caplan, a vintage brand conceived due to a love of vintage. By launching Susan Caplan, Ounass is committed to highlighting the importance of sustainability and shedding light on re-usable vintage luxury goods.

Established in 2008 after three decades in the antique sector, Susan Caplan created her eponymous label as a response to her love for vintage jewellery and her desire to make a difference within the contemporary fashion world. The Susan Caplan brand embodies the perfect synergy between luxury and sustainability, furthering the idea that glamour is timeless and that being conscious should not compromise style.

To widen its reach, Susan Caplan has carefully curated a selection of recently unearthed vintage jewellery, all made in the UK, and with the purpose of making her pieces accessible to all jewellery enthusiasts who are passionate about fashion and the planet. Rediscovered by Susan Caplan is the perfect balance between style, consciousness, and accessibility. It is about expressing yourself while taking care of the environment. It is about making their signature timeless aesthetic, available to all.

Susan Caplan says: “We are delighted to be partnering with Ounass enabling customers in the UAE to explore our vintage jewellery collection. We are at the forefront of the industry, which has grown massively in popularity as customers are becoming more socially responsible and environmentally conscious. Pieces of note that Ounass will stock include the rare Christian Dior, Givenchy and Chanel pieces as well as our Rediscovered Collection. They are all in remarkable condition, with many having never been worn. We hope the Ounass customers will enjoy shopping vintage, investing in jewellery and feeling good doing it, knowing their choices are kinder to the planet.”

Based in Dubai, the world’s new capital of fashion, Ounass.ae will provide 2-hour delivery in Dubai and same-day delivery service within the UAE, as well as express delivery to KSA, Kuwait, Oman, Bahrain & Qatar. As Ounass.ae takes a step into sustainable luxury, each selection arrives in your preference of eco-friendly or premium packaging. An easy returns procedure can be coordinated by the exceptional Ounass.ae Customer Care team, available 10am-10pm, 7 days a week.

Ounass presents a carefully-curated edit of exclusive capsule collections from local and international designers of the highest caliber, housing the Middle East’s widest range of top- tier designers, with brands ranging between Gucci and Bottega Veneta to Valentino, Prada and more. From fashion and beauty to lifestyle and homeware, Ounass has boasted over 1,500 luxury brands since launching in December 2016 as Al Tayer Group’s first, exclusively digital, luxury e-commerce platform, we provide a 2-hour delivery in Dubai and same-day delivery service within the UAE, as well as an express delivery to KSA, Kuwait, Oman, Bahrain & Qatar.

FInance, News

SEED Group Partners with ABAKA to Bring the World’s First AI-Powered Digital Saving and Retirement Platform to the UAE

SEED Group, a subsidiary company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, today announced a strategic partnership with ABAKA, the global leader in digital saving and retirement enterprise SaaS solutions, that will allow United Arab Emirates (UAE) financial institutions to integrate ABAKA’s Artificial Financial Intelligence™ technology platform into their core business processes to digitize customer experience, and improve financial education, saving and retirement planning for its residents and citizens.

Considering the huge challenge that the saving and retirement sector faces to produce better outcomes for workers who constantly have to keep up with their savings when there are still limited financial options, ABAKA is the world’s first AI-driven platform that has been developed.

ABAKA streamlines its digital services through AI technology. ABAKA has built the economy applications and seamless data exchange platform enabling FIs to access customer data, build insights and intelligence through conversational AI and hyper-personalised behavioural nudges. It provides digital solutions covering retirement (accumulation, at-retirement and decumulation), banking (PFM, digital savings), wealth and advisory (goal-based investing, data aggregation, advisor lead generation tools and business process automation).

“We are honoured to confirm our new strategic partnership with SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum to bring our AI-powered digital solutions to the UAE for the first time,” said Fahd Rachidy, founder and CEO of ABAKA. “The UAE is facing the same saving and retirement challenge as many countries around the world: consumers are not saving enough, most do not have a clear financial plan for later life and many cannot access financial advice.

“SEED Group shares our vision to help engage more people in financial planning and enable everyone to have a financially secure future. We’re delighted to be working with them towards achieving this goal.”

The National Bonds Corporation’s 2018 Savings Index reveals that more than eight out of 10 people in the UAE claim that they are not saving enough for themselves. With support from the UAE government for the development of initiatives for the “responsible and efficient” adoption of AI in the private sector, as evidenced by the UAE AI strategy, and the launch of the Think AI program in 2019, ABAKA is the leading answer to help everyone make more informed decisions with their finances.

“The utilization of artificial intelligence in the UAE is one thing, financial planning is another,” said Hisham Al Gurg, CEO of SEED Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. “More than 200 nationalities live in the UAE, but the majority still are almost clueless about planning their retirement. We are confident that through ABAKA’s lead in this regard, the numbers will improve over the next few years, and we are very excited about being part of this mission and helping everyone, citizens and residents, achieve their long-term financial objectives.”

Not so long ago, in December 2019, ABAKA raised $6.5M in Series A funding round from Thames Trust, Ace&Co, and Downing Ventures. To date, the London-based company has raised a total of $10 million in investments, one of the biggest and notable investments in the space of saving and retirement technology.