Category Archives: Business & Investments

Business & Investments

WakeCap confirms key role in improving construction safety throughout Saudi Arabia

WakeCap’s smart solution for construction site management presented to the Kingdom’s Ministry of Industry and Mineral Resources, prompting a directive to establish regulations for its adoption

Photo caption: His Excellency Bandar I. Alkhorayef, the Minister of Industry and Mineral Resources and His Excellency Mr. Khalil Ibn Salamah, the Deputy Minister for Industrial Affairs with Dr. Hassan Albalawi, CEO and Founder of WakeCap

Riyadh, Saudi Arabia; 13August 2024:WakeCap, a workforce safety and productivity solution,  showcased its smart construction site management technologies to the Kingdom’s Ministry of Industry and Mineral Resources, which will see the company at the forefront of safety improvement in mining and manufacturing projects across the Kingdom.

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Business & Investments

STADA acquires FITO™ from LEO Pharma and expands Consumer Healthcare in the MENA Region

  • STADA acquires LEO Pharma existing FITO trademark in the GCC, North Africa, the Middle East and selected Asian Countries.
  • STADA EVP Emerging Markets Stephane Jacqmin: “We look forward to leveraging our local marketing and sales platform to develop the full potential of this strong brand in the many markets of the MENA region. This will strengthen STADA’s role as the partner of choice in consumer healthcare and support our growth in this region”

Dubai12August2024 – The pharmaceutical company STADA is expanding its consumer healthcare business in the MENA region with the acquisition of FITO™ from LEO Pharma. The medical device is based on the wheat extract Rigenase (DamorFarmaceutici, Italy) and is indicated for the dermatological treatment of first- and second-degree burns, ulcers, wounds and abrasions. The herbal origin has a high safety profileand forms a protective barrier against the external environment.

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Business & Investments

INDEX Holding Leads Industry Transformation Through Advanced AI and Technology Integration

  • INDEX Holding Receives the Legend Award category during The World CIO 200 Summit UAE Edition 2024
  • INDEX Conference and Exhibition: Tech Integration Drives USD 49 Billion in Trade Deals and Record Participation
  • UAE’s Commitment to AI Leadership: A National Responsibility

Dubai, United Arab Emirates – 12 August 2024:INDEX Holding is leading a transformative move in its operations through the advanced integration of artificial intelligence (AI) technology across all its subsidiaries, both locally and globally. This strategic effort is in alignment with the visionary directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasizing AI’s pivotal role in both business and everyday life.

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Business & Investments

Exploring Strategic Opportunities in AI Compute and Data Infrastructure with Ombori

With the rise of Large Language Models (LLMs) and their increasing shift toward open-source, the traditional competitive edge is evolving. This shift raises critical questions about the future valuations of companies in this space, especially as reliance on Nvidia for compute power is being challenged by innovations in custom chip design.

Many leading companies like Tesla, Google, and Microsoft are now developing their own chips to reduce dependency on Nvidia, and interestingly, startups and independent developers are also building clusters on Apple Silicon, which offers a superior cost-performance ratio for AI computing tasks.

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Automibiles & Motoring, Business & Investments

Elite Group Holding and SOUEAST Motor Propel Forward into UAE’s Booming Market Segment with Strategic Partnership

This introduction underscores the UAE as pivotal in SOUEAST Motor’s strategic expansion plan

Dubai, UAE – 12 August 2024 – Elite Group Holding Ltd. and SOUEAST Motor marked an important milestone in their collaborative journey by signing a strategic partnership agreement. This significant partnership formalised on August 7 at the prestigious Bvlgari Yacht Club, celebrated a remarkable milestone for the group and the automotive brand.

SOUEAST Motor’s entry into the UAE with Elite Group Holding is set to introduce a new standard of premium mobility solutions with its “EASE YOUR LIFE” proposition, which prioritises stylish design, comfortable driving, and advanced technology. Featuring the latest powertrains and new energy technology, the vehicles boast high power, an intelligent chassis, and a versatile interior cockpit for superior comfort and adaptability.

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