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Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

• DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
  • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
      • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
        • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

          ---

          \n\n\n\n

          The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

          Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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          November 24, 2024

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          ADVERTISEMENT
          \n

          See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

          Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

          • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
            • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
              • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                  • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                    ---

                    \n\n\n\n

                    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                    Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                    November 24, 2024

                    Subscribe To Our Newsletter

                    By subscribing, you agree with our privacy and terms.

                    Type your email here

                    >

                    Follow The Distributed

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                    ADVERTISEMENT
                    \n
                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                              ---

                              \n\n\n\n

                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                    November 24, 2024

                    Subscribe To Our Newsletter

                    By subscribing, you agree with our privacy and terms.

                    Type your email here

                    >

                    Follow The Distributed

                    Twitter Instagram Youtube LinkedIn Facebook RSS

                    

                    ADVERTISEMENT
                    \n
                    \n
                    • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                      See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                      Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                      • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                        • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                          • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                            • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                              • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                ---

                                \n\n\n\n

                                The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                      November 24, 2024

                      Artificial Intelligence

                      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                      November 24, 2024

                      Subscribe To Our Newsletter

                      By subscribing, you agree with our privacy and terms.

                      Type your email here

                      >

                      Follow The Distributed

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                      ADVERTISEMENT
                      \n
                    • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                      \n
                      • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                        See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                        Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                        • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                          • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                            • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                              • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                  ---

                                  \n\n\n\n

                                  The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                  Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                        November 24, 2024

                        Subscribe To Our Newsletter

                        By subscribing, you agree with our privacy and terms.

                        Type your email here

                        >

                        Follow The Distributed

                        Twitter Instagram Youtube LinkedIn Facebook RSS

                        

                        ADVERTISEMENT
                        \n
                        \n
                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                          \n
                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                      ---

                                      \n\n\n\n

                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                            November 24, 2024

                            Subscribe To Our Newsletter

                            By subscribing, you agree with our privacy and terms.

                            Type your email here

                            >

                            Follow The Distributed

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                            ADVERTISEMENT
                            \n
                          • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                            \n
                            • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                              \n
                              • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                  • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                    • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                      • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                        • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                          ---

                                          \n\n\n\n

                                          The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                          Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                Subscribe To Our Newsletter

                                By subscribing, you agree with our privacy and terms.

                                Type your email here

                                >

                                Follow The Distributed

                                Twitter Instagram Youtube LinkedIn Facebook RSS

                                

                                ADVERTISEMENT
                                \n
                                \n
                                • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                  \n
                                  • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                    \n
                                    • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                      See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                      Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                      • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                        • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                          • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                            • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                              • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                ---

                                                \n\n\n\n

                                                The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                      Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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                                      Artificial Intelligence

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                                      Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                      November 24, 2024

                                      Subscribe To Our Newsletter

                                      By subscribing, you agree with our privacy and terms.

                                      Type your email here

                                      >

                                      Follow The Distributed

                                      Twitter Instagram Youtube LinkedIn Facebook RSS

                                      

                                      ADVERTISEMENT
                                      \n
                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                      \n
                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                        \n
                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                          \n
                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                      ---

                                                      \n\n\n\n

                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                            Artificial Intelligence

                                            Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                            August 15, 2024

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                                            November 24, 2024

                                            Artificial Intelligence

                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                            November 24, 2024

                                            Subscribe To Our Newsletter

                                            By subscribing, you agree with our privacy and terms.

                                            Type your email here

                                            >

                                            Follow The Distributed

                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                            

                                            ADVERTISEMENT
                                            \n
                                            \n
                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                              \n
                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                \n
                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                  \n
                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                              ---

                                                              \n\n\n\n

                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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                                                    November 24, 2024

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                                                    Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                    November 24, 2024

                                                    Subscribe To Our Newsletter

                                                    By subscribing, you agree with our privacy and terms.

                                                    Type your email here

                                                    >

                                                    Follow The Distributed

                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                    

                                                    ADVERTISEMENT
                                                    \n

                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                    \n
                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                      \n
                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                        \n
                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                          \n
                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                      ---

                                                                      \n\n\n\n

                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                            Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

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                                                            Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                            December 19, 2024

                                                            Artificial Intelligence

                                                            Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                            August 15, 2024

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                                                            November 24, 2024

                                                            Artificial Intelligence

                                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                            November 24, 2024

                                                            Subscribe To Our Newsletter

                                                            By subscribing, you agree with our privacy and terms.

                                                            Type your email here

                                                            >

                                                            Follow The Distributed

                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                            

                                                            ADVERTISEMENT
                                                            \n

                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                            \n
                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                              \n
                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                \n
                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                  \n
                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                              ---

                                                                              \n\n\n\n

                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                    November 24, 2024

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                                                                    November 24, 2024

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                                                                    By subscribing, you agree with our privacy and terms.

                                                                    Type your email here

                                                                    >

                                                                    Follow The Distributed

                                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                    

                                                                    ADVERTISEMENT
                                                                    \n

                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                    \n
                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                      \n
                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                        \n
                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                          \n
                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                      ---

                                                                                      \n\n\n\n

                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                            November 24, 2024

                                                                            Artificial Intelligence

                                                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                            November 24, 2024

                                                                            Subscribe To Our Newsletter

                                                                            By subscribing, you agree with our privacy and terms.

                                                                            Type your email here

                                                                            >

                                                                            Follow The Distributed

                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                            

                                                                            ADVERTISEMENT
                                                                            \n

                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                            \n
                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                              \n
                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                \n
                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                  \n
                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                              ---

                                                                                              \n\n\n\n

                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                    November 24, 2024

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                                                                                    Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                    November 24, 2024

                                                                                    Subscribe To Our Newsletter

                                                                                    By subscribing, you agree with our privacy and terms.

                                                                                    Type your email here

                                                                                    >

                                                                                    Follow The Distributed

                                                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                    

                                                                                    ADVERTISEMENT
                                                                                    \n

                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                    \n
                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                      \n
                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                        \n
                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                          \n
                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                      ---

                                                                                                      \n\n\n\n

                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                            Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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                                                                                            Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

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                                                                                            November 24, 2024

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                                                                                            Type your email here

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                                                                                            \n

                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                            \n
                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                              \n
                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                \n
                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                  \n
                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                              ---

                                                                                                              \n\n\n\n

                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                    November 24, 2024

                                                                                                    Subscribe To Our Newsletter

                                                                                                    By subscribing, you agree with our privacy and terms.

                                                                                                    Type your email here

                                                                                                    >

                                                                                                    Follow The Distributed

                                                                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                    

                                                                                                    ADVERTISEMENT
                                                                                                    \n

                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                    \n
                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                      \n
                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                        \n
                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                          \n
                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                      ---

                                                                                                                      \n\n\n\n

                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                            November 24, 2024

                                                                                                            Subscribe To Our Newsletter

                                                                                                            By subscribing, you agree with our privacy and terms.

                                                                                                            Type your email here

                                                                                                            >

                                                                                                            Follow The Distributed

                                                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                            

                                                                                                            ADVERTISEMENT
                                                                                                            \n

                                                                                                            See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                            Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                            \n
                                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                              \n
                                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                \n
                                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                  \n
                                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                              ---

                                                                                                                              \n\n\n\n

                                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                                    November 24, 2024

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                                                                                                                    November 24, 2024

                                                                                                                    Subscribe To Our Newsletter

                                                                                                                    By subscribing, you agree with our privacy and terms.

                                                                                                                    Type your email here

                                                                                                                    >

                                                                                                                    Follow The Distributed

                                                                                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                    

                                                                                                                    ADVERTISEMENT
                                                                                                                    \n

                                                                                                                    Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                    See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                    \n
                                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                      \n
                                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                        \n
                                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                          \n
                                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                      ---

                                                                                                                                      \n\n\n\n

                                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                                            Subscribe To Our Newsletter

                                                                                                                            By subscribing, you agree with our privacy and terms.

                                                                                                                            Type your email here

                                                                                                                            >

                                                                                                                            Follow The Distributed

                                                                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                            

                                                                                                                            ADVERTISEMENT
                                                                                                                            \n

                                                                                                                            In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                            Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                            See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                            Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                            \n
                                                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                              \n
                                                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                \n
                                                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                  \n
                                                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                              ---

                                                                                                                                              \n\n\n\n

                                                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                                                    November 24, 2024

                                                                                                                                    Subscribe To Our Newsletter

                                                                                                                                    By subscribing, you agree with our privacy and terms.

                                                                                                                                    Type your email here

                                                                                                                                    >

                                                                                                                                    Follow The Distributed

                                                                                                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                                    

                                                                                                                                    ADVERTISEMENT
                                                                                                                                    \n

                                                                                                                                    The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                    In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                    Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                    See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                    \n
                                                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                      \n
                                                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                        \n
                                                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                          \n
                                                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                      ---

                                                                                                                                                      \n\n\n\n

                                                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                                                            Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                            June 2, 2024

                                                                                                                                            Artificial Intelligence

                                                                                                                                            Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                            December 19, 2024

                                                                                                                                            Artificial Intelligence

                                                                                                                                            Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                                                                                                            August 15, 2024

                                                                                                                                            Banking

                                                                                                                                            Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

                                                                                                                                            November 24, 2024

                                                                                                                                            Artificial Intelligence

                                                                                                                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                                                                            November 24, 2024

                                                                                                                                            Subscribe To Our Newsletter

                                                                                                                                            By subscribing, you agree with our privacy and terms.

                                                                                                                                            Type your email here

                                                                                                                                            >

                                                                                                                                            Follow The Distributed

                                                                                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                                            

                                                                                                                                            ADVERTISEMENT
                                                                                                                                            \n

                                                                                                                                            It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                            The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                            In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                            Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                            See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                            Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                            \n
                                                                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                              \n
                                                                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                \n
                                                                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                  \n
                                                                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                              ---

                                                                                                                                                              \n\n\n\n

                                                                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                                                                                                                    Most Read

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                                                                                                                                                    Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                    June 2, 2024

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                                                                                                                                                    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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                                                                                                                                                    November 24, 2024

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                                                                                                                                                    >

                                                                                                                                                    Follow The Distributed

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                                                                                                                                                    ADVERTISEMENT
                                                                                                                                                    \n

                                                                                                                                                    Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                    It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                    The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                    In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                    Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                    See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                    \n
                                                                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                      \n
                                                                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                        \n
                                                                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                          \n
                                                                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                      ---

                                                                                                                                                                      \n\n\n\n

                                                                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                                                                                                                            Most Read

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                                                                                                                                                            Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                            June 2, 2024

                                                                                                                                                            Artificial Intelligence

                                                                                                                                                            Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                                            December 19, 2024

                                                                                                                                                            Artificial Intelligence

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                                                                                                                                                            August 15, 2024

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                                                                                                                                                            Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

                                                                                                                                                            November 24, 2024

                                                                                                                                                            Artificial Intelligence

                                                                                                                                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                                                                                            November 24, 2024

                                                                                                                                                            Subscribe To Our Newsletter

                                                                                                                                                            By subscribing, you agree with our privacy and terms.

                                                                                                                                                            Type your email here

                                                                                                                                                            >

                                                                                                                                                            Follow The Distributed

                                                                                                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                                                            

                                                                                                                                                            ADVERTISEMENT
                                                                                                                                                            \n

                                                                                                                                                            While the path ahead remains fraught with risks, the cautiously optimistic tone from regulators could provide a measure of reassurance to investors and the broader public. Nonetheless, sustained efforts will likely be needed to fortify financial resilience and insulate the economy from potential shocks.<\/p>\n\n\n\n

                                                                                                                                                            Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                            It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                            The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                            In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                            Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                            See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                            Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                            \n
                                                                                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                              \n
                                                                                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                \n
                                                                                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                  \n
                                                                                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                              ---

                                                                                                                                                                              \n\n\n\n

                                                                                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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                                                                                                                                                                    Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                                    June 2, 2024

                                                                                                                                                                    Artificial Intelligence

                                                                                                                                                                    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                                                    December 19, 2024

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                                                                                                                                                                    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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                                                                                                                                                                    Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

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                                                                                                                                                                    November 24, 2024

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                                                                                                                                                                    \n

                                                                                                                                                                    \"Even though the situation in the commercial real estate sector is better today than it was six months ago, many commercial real estate firms have too much debt,\" the watchdog warned in its report. \"It is therefore important for highly leveraged firms not to be passive but to continue to reduce their debt.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                    While the path ahead remains fraught with risks, the cautiously optimistic tone from regulators could provide a measure of reassurance to investors and the broader public. Nonetheless, sustained efforts will likely be needed to fortify financial resilience and insulate the economy from potential shocks.<\/p>\n\n\n\n

                                                                                                                                                                    Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                                    It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                                    The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                                    In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                                    Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                                    See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                                    \n
                                                                                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                      \n
                                                                                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                        \n
                                                                                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                          \n
                                                                                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                                      ---

                                                                                                                                                                                      \n\n\n\n

                                                                                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                                                                                                                                            Most Read

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                                                                                                                                                                            Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                                            June 2, 2024

                                                                                                                                                                            Artificial Intelligence

                                                                                                                                                                            Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                                                            December 19, 2024

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                                                                                                                                                                            Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                                                                                                                                            August 15, 2024

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                                                                                                                                                                            November 24, 2024

                                                                                                                                                                            Artificial Intelligence

                                                                                                                                                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                                                                                                            November 24, 2024

                                                                                                                                                                            Subscribe To Our Newsletter

                                                                                                                                                                            By subscribing, you agree with our privacy and terms.

                                                                                                                                                                            Type your email here

                                                                                                                                                                            >

                                                                                                                                                                            Follow The Distributed

                                                                                                                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                                                                            

                                                                                                                                                                            ADVERTISEMENT
                                                                                                                                                                            \n

                                                                                                                                                                            See Related: <\/em><\/strong>Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. <\/a><\/p>\n\n\n\n

                                                                                                                                                                            \"Even though the situation in the commercial real estate sector is better today than it was six months ago, many commercial real estate firms have too much debt,\" the watchdog warned in its report. \"It is therefore important for highly leveraged firms not to be passive but to continue to reduce their debt.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                            While the path ahead remains fraught with risks, the cautiously optimistic tone from regulators could provide a measure of reassurance to investors and the broader public. Nonetheless, sustained efforts will likely be needed to fortify financial resilience and insulate the economy from potential shocks.<\/p>\n\n\n\n

                                                                                                                                                                            Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                                            It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                                            The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                                            In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                                            Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                                            See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                                            Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                                            \n
                                                                                                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                              \n
                                                                                                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                \n
                                                                                                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                  \n
                                                                                                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                                              ---

                                                                                                                                                                                              \n\n\n\n

                                                                                                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                                                                                                                                                    Most Read

                                                                                                                                                                                    Finance

                                                                                                                                                                                    Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                                                    June 2, 2024

                                                                                                                                                                                    Artificial Intelligence

                                                                                                                                                                                    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                                                                    December 19, 2024

                                                                                                                                                                                    Artificial Intelligence

                                                                                                                                                                                    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                                                                                                                                                    August 15, 2024

                                                                                                                                                                                    Banking

                                                                                                                                                                                    Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

                                                                                                                                                                                    November 24, 2024

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                                                                                                                                                                                    Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                                                                                                                    November 24, 2024

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                                                                                                                                                                                    \n

                                                                                                                                                                                    The assessment comes amid a challenging economic backdrop for Sweden and much of Europe. High indebtedness levels, rising interest rates, and slowing economic growth have taken a particular toll on the real estate sector. FI noted the commercial real estate industry has been among the hardest hit, with many firms carrying perilously high debt loads.<\/p>\n\n\n\n

                                                                                                                                                                                    See Related: <\/em><\/strong>Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. <\/a><\/p>\n\n\n\n

                                                                                                                                                                                    \"Even though the situation in the commercial real estate sector is better today than it was six months ago, many commercial real estate firms have too much debt,\" the watchdog warned in its report. \"It is therefore important for highly leveraged firms not to be passive but to continue to reduce their debt.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                                    While the path ahead remains fraught with risks, the cautiously optimistic tone from regulators could provide a measure of reassurance to investors and the broader public. Nonetheless, sustained efforts will likely be needed to fortify financial resilience and insulate the economy from potential shocks.<\/p>\n\n\n\n

                                                                                                                                                                                    Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                                                    It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                                                    The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                                                    In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                                                    Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                                                    See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                                                    \n
                                                                                                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                      \n
                                                                                                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                        \n
                                                                                                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                          \n
                                                                                                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                                                      ---

                                                                                                                                                                                                      \n\n\n\n

                                                                                                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                                                                                                                                                            Most Read

                                                                                                                                                                                            Finance

                                                                                                                                                                                            Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                                                            June 2, 2024

                                                                                                                                                                                            Artificial Intelligence

                                                                                                                                                                                            Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                                                                            December 19, 2024

                                                                                                                                                                                            Artificial Intelligence

                                                                                                                                                                                            Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                                                                                                                                                            August 15, 2024

                                                                                                                                                                                            Banking

                                                                                                                                                                                            Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

                                                                                                                                                                                            November 24, 2024

                                                                                                                                                                                            Artificial Intelligence

                                                                                                                                                                                            Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                                                                                                                            November 24, 2024

                                                                                                                                                                                            Subscribe To Our Newsletter

                                                                                                                                                                                            By subscribing, you agree with our privacy and terms.

                                                                                                                                                                                            Type your email here

                                                                                                                                                                                            >

                                                                                                                                                                                            Follow The Distributed

                                                                                                                                                                                            Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                                                                                            

                                                                                                                                                                                            ADVERTISEMENT
                                                                                                                                                                                            \n

                                                                                                                                                                                            As reported by Reuters, FI's Director General Daniel Barr struck a cautious tone, stating, \"We are headed in the right direction, and uncertainty has decreased, but the situation is still tough for many households and firms. It is too early to breathe a sigh of relief, even if there are positive signs.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                                            The assessment comes amid a challenging economic backdrop for Sweden and much of Europe. High indebtedness levels, rising interest rates, and slowing economic growth have taken a particular toll on the real estate sector. FI noted the commercial real estate industry has been among the hardest hit, with many firms carrying perilously high debt loads.<\/p>\n\n\n\n

                                                                                                                                                                                            See Related: <\/em><\/strong>Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. <\/a><\/p>\n\n\n\n

                                                                                                                                                                                            \"Even though the situation in the commercial real estate sector is better today than it was six months ago, many commercial real estate firms have too much debt,\" the watchdog warned in its report. \"It is therefore important for highly leveraged firms not to be passive but to continue to reduce their debt.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                                            While the path ahead remains fraught with risks, the cautiously optimistic tone from regulators could provide a measure of reassurance to investors and the broader public. Nonetheless, sustained efforts will likely be needed to fortify financial resilience and insulate the economy from potential shocks.<\/p>\n\n\n\n

                                                                                                                                                                                            Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                                                            It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                                                            The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                                                            In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                                                            Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                                                            See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                                                            Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                                                            In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                                                            While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                                                            As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                                                            Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                                                            The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                                                            WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                                                            \n
                                                                                                                                                                                            • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                              \n
                                                                                                                                                                                              • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                                \n
                                                                                                                                                                                                • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                                  \n
                                                                                                                                                                                                  • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                                                                    See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                                                                    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                                                                    • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                      • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                        • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                          • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                            • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                                                              ---

                                                                                                                                                                                                              \n\n\n\n

                                                                                                                                                                                                              The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                                                              Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

                                                                                                                                                                                                    Most Read

                                                                                                                                                                                                    Finance

                                                                                                                                                                                                    Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds

                                                                                                                                                                                                    June 2, 2024

                                                                                                                                                                                                    Artificial Intelligence

                                                                                                                                                                                                    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

                                                                                                                                                                                                    December 19, 2024

                                                                                                                                                                                                    Artificial Intelligence

                                                                                                                                                                                                    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

                                                                                                                                                                                                    August 15, 2024

                                                                                                                                                                                                    Banking

                                                                                                                                                                                                    Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

                                                                                                                                                                                                    November 24, 2024

                                                                                                                                                                                                    Artificial Intelligence

                                                                                                                                                                                                    Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

                                                                                                                                                                                                    November 24, 2024

                                                                                                                                                                                                    Subscribe To Our Newsletter

                                                                                                                                                                                                    By subscribing, you agree with our privacy and terms.

                                                                                                                                                                                                    Type your email here

                                                                                                                                                                                                    >

                                                                                                                                                                                                    Follow The Distributed

                                                                                                                                                                                                    Twitter Instagram Youtube LinkedIn Facebook RSS

                                                                                                                                                                                                    

                                                                                                                                                                                                    ADVERTISEMENT
                                                                                                                                                                                                    \n

                                                                                                                                                                                                    Sweden's financial stability outlook has shown modest improvement recently, even as the country grapples with an ongoing recession, according to a twice-yearly report from financial watchdog Finansinspektionen<\/a> (FI) released on Monday.<\/p>\n\n\n\n

                                                                                                                                                                                                    As reported by Reuters, FI's Director General Daniel Barr struck a cautious tone, stating, \"We are headed in the right direction, and uncertainty has decreased, but the situation is still tough for many households and firms. It is too early to breathe a sigh of relief, even if there are positive signs.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                                                    The assessment comes amid a challenging economic backdrop for Sweden and much of Europe. High indebtedness levels, rising interest rates, and slowing economic growth have taken a particular toll on the real estate sector. FI noted the commercial real estate industry has been among the hardest hit, with many firms carrying perilously high debt loads.<\/p>\n\n\n\n

                                                                                                                                                                                                    See Related: <\/em><\/strong>Optimism Among Individual Investors About The Short-Term Outlook Of The U.S. <\/a><\/p>\n\n\n\n

                                                                                                                                                                                                    \"Even though the situation in the commercial real estate sector is better today than it was six months ago, many commercial real estate firms have too much debt,\" the watchdog warned in its report. \"It is therefore important for highly leveraged firms not to be passive but to continue to reduce their debt.\"<\/em><\/p>\n\n\n\n

                                                                                                                                                                                                    While the path ahead remains fraught with risks, the cautiously optimistic tone from regulators could provide a measure of reassurance to investors and the broader public. Nonetheless, sustained efforts will likely be needed to fortify financial resilience and insulate the economy from potential shocks.<\/p>\n\n\n\n

                                                                                                                                                                                                    Looking ahead, all eyes will be on key indicators like inflation, interest rates, and the health of sectors like real estate and banking. Prudent risk management and deleveraging could pave the way for a more robust recovery, but complacency may prove costly if economic conditions deteriorate further.<\/p>\n","post_title":"Cautious Optimism for Swedish Financial Sector Amid Economic Headwinds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cautious-optimism-for-swedish-financial-sector-amid-economic-headwinds","to_ping":"","pinged":"","post_modified":"2024-06-02 21:24:04","post_modified_gmt":"2024-06-02 11:24:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17125","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16441,"post_author":"18","post_date":"2024-04-19 06:31:31","post_date_gmt":"2024-04-18 20:31:31","post_content":"\n

                                                                                                                                                                                                    It's been over a year since the shocking collapse of Silicon Valley Bank (<\/a>SVB) and Signature Bank, but the fallout continues to reverberate through the U.S. regional banking sector. As these smaller lenders prepare to report first-quarter earnings from April 16 onward, industry watchers anticipate they'll be forced to set aside more money to cover potential losses on commercial real estate (CRE) loans and offload more property debt from their books.<\/p>\n\n\n\n

                                                                                                                                                                                                    The renewed focus on regional banks' CRE exposure was sparked by New York Community Bank's surprising Q4 loss driven by markdowns on its real estate portfolio, raising fears about other lenders' vulnerabilities. Multifamily properties with over five units are a particular concern given that regional banks originate most such loans.<\/p>\n\n\n\n

                                                                                                                                                                                                    In a report by Reuters, the office sector's struggles are well-documented as remote work remains prevalent post-pandemic, leaving many buildings plagued by high vacancies that strain borrowers' ability to service debt. But even residential multifamily is facing headwinds, especially in pricey cities like New York and San Francisco where rent hikes were severely restricted pre-COVID based on low interest rates and inflation at the time.<\/p>\n\n\n\n

                                                                                                                                                                                                    Data from the International Monetary Fund (IMF) shows U.S. banks' non-performing CRE loans as a percentage of their total portfolios doubled from 0.4% to 0.81% over the past year as the sector's health deteriorated. The IMF noted lenders have been steadily increasing provisions for souring CRE debt.<\/p>\n\n\n\n

                                                                                                                                                                                                    See Related:<\/em><\/strong> Ripple Takes Aim At Dubai Market, CEO Reveals<\/a><\/p>\n\n\n\n

                                                                                                                                                                                                    Morgan Stanley's Forecast<\/h2>\n\n\n\n

                                                                                                                                                                                                    In a research note, Morgan Stanley forecast the CRE reserve ratio for regional banks could climb by 10-20 basis points this year.<\/p>\n\n\n\n

                                                                                                                                                                                                    While delinquency rates on CRE loans held by banks remain relatively low at 1.2% for 30-day past dues, according to S&P Global Ratings, the rating agency has already downgraded its outlook on five U.S. banks including M&T and Valley National due to CRE market stresses that may impair asset quality.<\/p>\n\n\n\n

                                                                                                                                                                                                    As banks look to shed riskier CRE exposures, some are expected to sell property loans at steep discounts to private equity investors and alternative lenders hungry for higher-yielding debt. Regulatory filings show regional lender PacWest sold construction loans at a $200 million discount last year, while the successor to failed Signature offloaded a 20% equity stake in a $16.8 billion loan portfolio to Blackstone at nearly a 30% markdown.<\/p>\n\n\n\n

                                                                                                                                                                                                    Looking ahead, while few expect a catastrophic systemic event, the road ahead for regional banks appears bumpy as they navigate the CRE downturn. Cost-cutting, capital raises, and further loan sales could feature prominently as smaller lenders aim to fortify their buffers against escalating real estate risks in an uncertain economic climate shaped by lingering inflation, higher interest rates, and potential recessionary pressures.<\/p>\n\n\n\n

                                                                                                                                                                                                    The U.S. regional banking sector must steer through carefully to avoid compounding the damage from SVB's 2023 failure.<\/p>\n","post_title":"Regional Banks in the US Brace for More Commercial Property Fallout After SVB Collapse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"regional-banks-in-the-us-brace-for-more-commercial-property-fallout-after-svb-collapse","to_ping":"","pinged":"","post_modified":"2024-04-19 06:31:38","post_modified_gmt":"2024-04-18 20:31:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16441","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8543,"post_author":"10","post_date":"2022-11-26 00:48:51","post_date_gmt":"2022-11-25 13:48:51","post_content":"\n

                                                                                                                                                                                                    WAHED <\/a>and Creators Group<\/a> announced a partnership looking to bring expertise in the real estate and property management sectors to the blockchain and expand upon the benefits the technology brings.<\/p>\n\n\n\n

                                                                                                                                                                                                    \n
                                                                                                                                                                                                    • Creators Group was founded in Riyadh, Saudi Arabia, in 2016 by CEO Eng. Ali Al Salman. The company has become a market leader both domestically and internationally. The Creators group simplifies investing operations for everyone wishing to become engaged in real estate, serving the best interests of investors, homeowners, corporate customers, developers, and landlords.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                                      \n
                                                                                                                                                                                                      • Clients in Saudi Arabia and overseas can use Creators Group\u2019s services for trading real estate, renting & leasing commercial and residential space, feasibility studies, developing projects, managing real estate, providing investment advice, and real estate valuation.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                                        \n
                                                                                                                                                                                                        • Powered by WAHED Coin, WAHED is an investing and philanthropic platform. Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa is the leader of WAHED, a company with headquarters in the United Kingdom that aims to advance commercial endeavors globally.<\/li>\n<\/ul>\n\n\n\n
                                                                                                                                                                                                          \n
                                                                                                                                                                                                          • The WAHED Ecosystem is based on the Binance Smart Chain, utilizing its blockchain to implement smart contracts<\/a>. In addition, greater accountability and transparency for all activities may be implemented with the capacity to program acts on a permanent, publicly-viewable blockchain.<\/div><\/div><\/li>\n<\/ul>\n\n\n\n

                                                                                                                                                                                                            See Related: <\/em><\/strong>DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments<\/a><\/p>\n","post_title":"WAHED Announces Real Estate Partnership With The Creator\u2019s Group","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"wahed-announced-strategic-partnership-with-the-creators-group","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/damac-a-dubai-real-estate-developer-to-accept-crypto-payments\/","post_modified":"2022-11-26 18:31:29","post_modified_gmt":"2022-11-26 07:31:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8543","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n

                                                                                                                                                                                                            Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n

                                                                                                                                                                                                            • DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                              • Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                                • Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                                  • Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
                                                                                                                                                                                                                    • Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n

                                                                                                                                                                                                                      ---

                                                                                                                                                                                                                      \n\n\n\n

                                                                                                                                                                                                                      The Distributed Disclaimer<\/strong><\/p>\n\n\n\n

                                                                                                                                                                                                                      Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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