News

Abu Dhabi-Backed Tech Sculpture To Be Installed In Houston

Created for the LAGI 2019 design competition in Abu Dhabi, the high-tech installation will double as a renewable power plant.

Published

1 year ago

July 31, 2023

Nour Nasir

abu dhabi-backed tech sculpture to be installed in houston

LAGI

“The world’s largest sundial”, designed by Berlin architect Riccardo Mariano, is set to be installed in the city of Houston, Texas, in the city’s East End neighborhood in 2024.

The project was made possible by the Land Art Generator Initiative partnership with Masdar City, an Abu Dhabi urban development dedicated to creating sustainable cities and lifestyles. For those unaware, Houston, Texas, is twinned with the capital of the United Arab Emirates, hence the connection.

the arco del tiempo houston 1

The 30-meter-tall sundial will be known as the Arco del Tiempo (Arch of Time) and functions as an interactive clock, casting sunlight onto the surface of Guadalupe Plaza Park. The installation’s geometry, carefully designed according to Houston’s latitude and longitude, is accurate throughout the seasons and hours of the day.

the arco del tiempo houston 2

However, the Arco del Tiempo is far more than just a sculpture. The project will also serve as a renewable energy power generation plant. The finished arch will incorporate solar modules on its south-facing side, generating around 400 megawatt-hours of electricity annually — the equivalent energy consumption of 40 local homes.

Also Read: Kuwait Bans Cryptocurrencies, Putting An End To Virtual Assets

“It was a pleasure to be part of the LAGI competition in 2019, and we’re very excited to see the winning entry come to life—particularly in Abu Dhabi’s sister city,” said Chris Wan, Associate Director of Sustainability and Corporate Social Responsibility at Masdar City. “We know that public art plays a significant role in the fabric of a city, and Arco del Tiempo is so much more than public art: it will also educate the public about sustainability while celebrating and advocating for it. It’s a powerful combination. I hope to see more art like it in the cities of the future”.

Over its lifetime, the Arco del Tiempo is projected to generate over 12 million kilowatt-hours of renewable energy, effectively removing 8,500 metric tons of CO2.

News

Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

9 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.