Monthly Archives: February 2024

Technologies

HONOR Debuts a New AI-empowered All-scenario Strategy at MWC 2024

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HONOR Debuts a New AI-empowered All-scenario Strategy at MWC 2024

HONOR announces the global launch of HONOR Magic6 Pro and an AI PC HONOR MagicBook Pro 16, demonstrating its open-collaborative innovation to enable an AI Era

[Dubai, UAE – February 25, 2024] Global technology brand HONOR today revealed its new all-scenario strategy by introducing AI-empowered cross-OS collaboration and human-centric intent-based AI and a suite of smart devices with global partners. During its keynote, HONOR not only announced the global launch of the HONOR Magic6 Pro, but also its latest AIPC, the HONOR MagicBook Pro 16, all of which come equipped with HONOR’s platform-level AI to empower human-centric experiences.

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Technologies

AI Advisor Takes Observer Seat on the Board of UAE’s Largest Publicly Traded Entity

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AI Advisor Takes Observer Seat on the Board of UAE’s Largest Publicly Traded Entity

Tahnoon bin Zayed Al Nahyan:  “Our decision to appoint ‘Aiden Insight’ as an AI Board Observer is a testament to IHC’s commitment to innovation and forward-thinking leadership. ‘Aiden’ will provide us with unparalleled data analysis and strategic insights, ensuring that IHC remains at the forefront of industry developments and continues to deliver value to our stakeholders”

  • IHC pioneers corporate governance by integrating Aiden’s AI insights as a Board Observer into its strategic decision-making process.
  • ‘Aiden Insight’ will leverage advanced data analytics to provide actionable insights and risk assessments, enhancing the Board’s oversight and foresight.
  • Powered by G42, in collaboration with Microsoft, Aiden’s Observer role is set to streamline efficiency, foster innovation, and reinforce ethical standards within IHC’s governance framework.
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Business & Investments

IHC Unveils Resounding 2023 Financial Results

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IHC Unveils Resounding 2023 Financial Results Demonstrating Strong Growth and Operational Excellence

Tahnoon bin Zayed Al Nahyan: “IHC has navigated a year of transformative growth, strengthened by forging key global partnerships and a versatile portfolio that has enabled us to adapt to economic fluctuations. Our efforts to deepen international connections underscore our mission to support the UAE’s ascent as a premier financial and innovation leader.

  • Record Revenue climbing to AED 60.1 billion with strategic acquisitions and performance driving a preliminary 17.9% YoY increase.
  • Growth of EPS to AED 12.55, indicating robust financial health and investor confidence.
  • Strong net profit at AED 32.95 billion.

Abu Dhabi, UAE; 26 February 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate has announced its Financial Results for the year ended December 31, 2023, showcasing a remarkable year of transformational growth, operational excellence, achievements in sustainability, and stellar financial performance.

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Business & Investments

Intangles and Bahwan Commercial Company Forge an Alliance to Revolutionise Telematics in KSA & Bahrain

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Intangles and Bahwan Commercial Company Forge an Alliance to Revolutionise Telematics in KSA & Bahrain

Dubai, February 22, 2024 – Intangles, one of the world’s fastest-growing Digital Twin solutions providers, in its bid to bring the power of Digital Twin technology to every segment across the globe, has announced a strategic partnership with Bahwan Commercial Company, a professionally managed organisation in the Middle East.

Intangles has been rapidly expanding its footprint, operating in 17 countries across diverse regions, including the Middle East, APAC, Southeast Asia, Europe, South America, USA, and Canada. With solutions primarily focused on predictive maintenance around the health of mobility assets, driver behaviour analysis, and efficient operations automation, Intangles provides comprehensive predictive insights combined with real-time alerts and repair strategies. The company’s robust network includes over 14 enterprise and OEM partners, attracting more than 25,000 fleet operators to its innovative platform. Processing an impressive 14 billion sensory data points daily, Intangles has solidified its position as a leader in the mobility sector.

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Business & Investments

Malabar Gold & Diamonds Set to Launch 10 New Showrooms

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Malabar Gold & Diamonds Set to Launch 10 New Showrooms; Global Store Count to Reach 350 by End of March

Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with an extensive retail presence of over 340 showrooms across 13 countries, has announced a massive expansion to their global operations. The jewellery giant is set to launch 10 world-class showrooms which will propel the brand’s global store count to 350 by March 2024. The move will further solidify Malabar Gold & Diamonds’ highly coveted position as the most preferred jewellery retailer in India.

The new showrooms in India will be launched at Latur, Satara & Nagpur in Maharashtra, Kolar & Whitefield in Karnataka, Jaipur in Rajasthan, Chandni Chowk in Delhi, Vanasthalipuram in Andhra Pradesh, Patiala in Punjab & in Puducherry. While 8 of the new showrooms will be opened in regions where Malabar Gold & Diamonds has already established a robust presence, the new showrooms in Rajasthan & Puducherry will be the brand’s first expansion into these states.

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