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RIYADH, Saudi Arabia, Sept. 4, 2023 /PRNewswire/ -- Huawei Cloud announced the launch of the Huawei Cloud Riyadh Region today at the Huawei Cloud Summit Saudi Arabia 2023. This Region will help promote digital-led economic growth in the country. The launch of the Huawei Cloud Riyadh Region announced that the Saudi Arabia Region will be Huawei Cloud's focus in serving the Middle East, Central Asia and Africa, providing innovative, reliable, secure, and sustainable cloud services. This achievement underscores Huawei CLOUD's unwavering dedication to supporting Saudi Arabia's Vision 2030, aligned with the nation's ambitious technological advancement, leadership, and innovation goals. H.E. Eng. Haitham bin Abdul Rahman Al-Ohali, Vice Minister at the Ministry of Communications and Information Technology (MCIT) in Saudi Arabia, shared his perspective on this monumental achievement: "Huawei is a proud partner in our country's technological progress having worked with the Ministry, service providers, enterprises and universities in various collective efforts towards digital transformation. We look forward to the transformative impact the Huawei Cloud Riyadh Region will have on our digital ecosystem, creating new avenues for innovation and growth." The Riyadh Region provides several benefits to customers. First, this region translates Huawei's global expertise on digital transformation into industries' excellence, making innovation easier and faster. Huawei Cloud Saudi Region is located in Riyadh and through a 3AZ (availability zone) architecture, it will provide highly available and secure cloud services, ensuring the stable operations of various services. In addition, the Region can provide full-stack cloud services, including infrastructure, databases, containers, big data, and AI services to meet the requirements of various industries. Based on the 3AZ high-reliability architecture, the Riyadh Region provides low latency, covering all existing carriers' networks powered by STC, Zain, and Mobily. The local data center will store data locally in line with local data regulations. The company will also launch 68 cloud services in three categories – data, AI, and cloud native. Steven Yi, Senior Vice President of Huawei and President of Huawei Middle East and Central Asia Region, said: "I've cherished numerous unforgettable moments in this extraordinary country. Just yesterday, walking through the newly renovated Diriyah evoked my deep emotions. It brought to mind an old Chinese saying: 'Build the right nest, and a Phoenix will come.' The essence is clear: create an inviting environment, and you'll attract the best. This is undeniably true for Saudi, a nation that consistently attracts top investors." The company revealed that Huawei Cloud will utilize a number of industry-leading technologies to advance intelligence for Saudi Arabia, including the Pangu Models 3.0, which address AI adoption challenges, leveraging industry insights to enhance AI capabilities across sectors like finance, government, manufacturing, and more. Pangu Models 3.0 will usher in a new era of innovation in the Kingdom while accelerating economic diversification. At the Huawei Cloud Summit Saudi Arabia 2023, the company also released the "Saudi Arabia Go Cloud Go Global" program to connect Chinese and Saudi enterprises, fostering growth and innovation. The company will leverage its strong experience of working in more than 170 countries and regions, various industries, advanced technologies, and solutions to help Chinese enterprises enter Saudi Arabia and enhance partnerships with local stakeholders. Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said, "Huawei Cloud aims high, aims global, and aims here in Saudi Arabia. Saudi Arabia Region will be our focus in serving the Middle East, Central Asia and Africa, providing innovative, reliable, secure, and sustainable cloud services. We hope to create a better choice for advancing intelligence. This cloud gives you more choices to stay innovative, inclusive, and open. This cloud will help you succeed in the digital and intelligent era. This cloud is for everyone." At the event, the company also announced that Huawei Cloud will train 200,000 developers in Saudi Arabia in the next five years. It will also build joint solutions with 1,000 local partners and launch the Huawei Cloud Startup Program to help 2,000 startups grow. Eric Yang, CEO of Huawei Saudi Arabia, said: "We are proudly launching Huawei Cloud Riyadh Region today. It has been a great journey for us in Saudi Arabia for the last 20 years. Huawei is a constructor for an intelligent society, contributor to a thriving economy, and cultivator for a prosperous talent ecosystem. Towards 2030, we will stay dedicated to continuously providing ubiquitous connectivity, green energy, pervasive cloud computing and AI capabilities for Saudi Arabia to unlock unlimited opportunities of the new digital era." Huawei Saudi Arabia was founded in 2002 and has played a pivotal role in the digital transformation in Saudi Arabia. Over the course of 19 years, Huawei has collaborated with regional communication service providers (CSPs) to provide reliable network assurance for the Hajj pilgrimage in Saudi Arabia without incidents. The company also supported the roll-out of 5G in the Kingdom, enabling the country to become one of the world's pioneer 5G markets. Huawei has helped connect 3.5 million people in rural areas, created 20,000 local jobs, and cultivated 10,000 ICT talents for Saudi Arabia. Under its "Everything as a Service" strategy, Huawei Cloud is focused on becoming the cloud foundation and enabler of industry digitalization, providing services for customers in more than 170 countries and regions worldwide.
RIYADH, Saudi Arabia, Sept. 4, 2023 /PRNewswire/ -- The Saudi Ministry of Industry and Mineral Resources (MIM) announced the third edition of the Future Minerals Forum (FMF) will take place January 9-11, 2024, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia, under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. FMF is an essential platform for the super-region, which stretches from Africa to West and Central Asia, bringing together industry leaders, investors, policymakers and experts to collectively shape the future of the minerals sector. Building on previous editions of FMF, the third edition will offer a deep dive into a wide spectrum of topics and critical issues facing the global minerals industry, including sustainability practices and standards, developing green and future minerals value chains and attracting investment in the super-region, integrating knowledge and technology in mining operations, and the role of the minerals sector in developing local economies and societies. "The third edition of FMF underscores the mining and minerals sector as a pivotal pillar in Vision 2030, playing a crucial role in the global shift towards clean energy. Our commitment to supporting technology adoption for environmentally conscious mining, and to foster global advancement in the minerals sector, especially within the super-region. Recognizing the sector's challenges, there's an urgency to develop a roadmap and address the growing demand for critical minerals essentials for energy transition. It's imperative that we facilitate dialogue, and collaboration among stakeholders to realize our ambitious energy transition goals," said Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef. Continuing to serve as a cornerstone of the annual Forum, the ministerial roundtable will take place on January 9 and bring together the global mining ministries, and other key stakeholders including non-governmental organizations to deliberate on pressing issues facing the mining sector, setting the stage for international cooperation and collaboration. The substantial achievements of prior editions of FMF include the signing of over 60 agreements, including a significant joint venture between Ma'aden and the Saudi Public Investment Fund (PIF). The JV developed into Manara Minerals providing investment opportunities for mining assets globally, while securing strategic minerals essential for Saudi Arabia's economic development and global supply chain resiliency. For registration, please visit https://www.futuremineralsforum.com/registration/.
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 4 September 2023 - Bybit, one of the world’s most trusted crypto exchanges, is proud to announce the launch of TradeGPT, its AI-powered education tool. The new product was developed as part of the exchange’s mission to become the Crypto Ark of the world, offering free mentorship and financial education. The normal ChatGPT can’t offer content based on the latest market trends and movements as it doesn’t have real-time data and was last updated in September 2021. However, ToolsGPT has access to Bybit’s market data, trading analytics, and technical analysis tools, combining the power of the AI model with the sophisticated data of Bybit’s platform. Now Bybit users can access real-time market analysis and answers to their questions in multiple languages. In this way, TradeGPT acts as a mentor and guide to the exponential world of Web3. For example, it can offer market strategies in terms of percentage chance and also recommend the right products for the strategies being discussed. “Our analysts and tech team created ToolsGPT to provide the financial education and mentorship that is sorely needed in our hyper-financialized world,” said Vivien Fang, head of financial products at Bybit. “Essentially, we built the tool that we all wished we had when we began our careers in financial engineering and trading. We’re proud to offer this for free as part of our mission to become the world’s Crypto Ark.” Hashtag: #Bybit #TheCryptoArkThe issuer is solely responsible for the content of this announcement.BybitBybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For media inquiries, please contact: press@bybit.com For more information please visit: https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media
SINGAPORE, Sept. 4, 2023 /PRNewswire/ -- Singapore-based iMin Technology has recently secured US$5 million in Series Pre-A funding led by Yonghua Capital, as the demand for digital commercial devices like point-of-sale terminals, industrial scanners, and self-service kiosks continues to rise globally. Founded in 2018, iMin Technology is dedicated to its brand promise and plans to leverage emerging technologies and opportunities for partners in innovative services. As part of its commitment to innovation, iMin has introduced the Swan 1 Pro, a cutting-edge point-of-sale device that stands out as one of the most powerful Android cash registers available globally. This remarkable product challenges traditional Windows devices and aims to revolutionize the industry with its advanced features and performance capabilities. iMin Desktop POS - Swan 1 Pro Aimin Hu, the Founder and CEO of iMin, expressed enthusiasm about collaborating with new investors to bring smart commercial devices to small businesses worldwide. Despite the uncertain global economic outlook, he highlighted the untapped potential stemming from IoT developments. In addition to its hardware innovations, iMin Technology has also launched the iMinKit Mobile Device Management (MDM) platform. This platform caters to various business partners, ranging from food delivery services to digital payment platforms and SaaS companies in the F&B and retail sectors. "In the post-pandemic era, the global market has swiftly embraced digital transformation. The evolution of business operations and consumer transaction methods has unlocked vast opportunities for commercial smart hardware on a global scale. We are highly confident in the iMin team's extensive experience in R&D, manufacturing, and business development. Since its inception, the company has grown rapidly, gradually establishing stable customer relationships, and building significant market influence. We anticipate that, with its product strength and global business expansion capabilities, iMin will emerge as a leading enterprise in the global smart commercial equipment sector," Mr. Hong Yixiu, partner at Yonghua Capital. About iMin Technology iMin is a service provider that focuses mainly on the field of business intelligence, bringing IoT and cloud service to the business sector. iMin develops and provides a wide range of intelligent commercial hardware solutions which help businesses to run more cost effectively. With the mission of using technology to help businesses grow, iMin aims to become the world's leading intelligent commercial hardware provider. For further information, visit www.imin.com, iMin LinkedIn profile or contact marketing@imin.com
New brand signals transformation into an integrated wealth platform, reaffirms company’s commitment to independent financial advisers.SINGAPORE - Media OutReach - 4 September 2023 - GROW with Singlife, the integrated investment platform formerly known as Navigator Investment Services Ltd ("Navigator"), proudly announces its rebranding today. This strategic move reaffirms its commitment to providing individuals with a seamless and empowering investment experience as they work towards their financial goals. Navigator began as an investment platform over 20 years ago in Singapore. Under a new management team and with significant focus placed on technology and strengthening its product offerings, the business has brought in new strategic initiatives. Its adviser enablement ecosystem, ELEVATE provides a wider range of financial tools, insights, bespoke programmes, and experiential events for its users. GROW is positioned as an integrated investment solution which leverages technology to provide tailored services, so advisers can provide meaningful and impactful guidance to their clients. Akhil Doegar, Chief Executive Officer, GROW, said: "We recognised the need for a brand change that acknowledges our present position while paving the way for our future growth. The rebranding isn't just a marketing strategy; it signifies our strategic intent to build and invest in becoming the go-to platform for advisers, supporting the mass affluent market." The rebrand is driven by the ethos of 'All Things Considered', which epitomises the company's emphasis on the human touch, going beyond looking at finance as an industry focused on numbers. It aspires for the financial services industry to provide more holistic advisory, and being a people-focused business that values human connection. Ee Ghim Chua, Head of Strategic Brand, Communications & Design, GROW, added: "While finance may often revolve around numbers, life is much more. Our brand idea centres on empathy and authenticity. The considered choice is calm, caring, and compassionate. It prioritises human attention over automation and fosters partnerships over transactions. Our mission is to enable advisers to partner with clients in making more thoughtful choices throughout their entire financial journey." GROW believes in the crucial role of comprehensive financial advisory and the expertise advisers provide, hence it is committed making financial advisory better. This commitment comes at a time when the industry is characterised by the emergence of direct-to-consumer platforms, robo-advisory services, and self-directed investors. To fulfil the brand idea, GROW will concentrate on three strategic areas: Strengthen Core Capabilities: GROW will focus on building and sustaining trust and loyalty by delivering an efficient and reliable platform. It will further enhance its product shelf with innovative and relevant solutions. It is committed to offering comprehensive support to optimise user success on- and off-platform. Accelerate Growth: GROW will continue to forge strategic collaborations with leading asset management and digital asset platforms to boost market share. Unlock Value: GROW will deepen its rapport with advisers through its exclusive events, provide advisers with impactful, actionable insights for business success, and facilitate a culture of development with courses and thought leadership initiatives. Pearlyn Phau, Group Chief Executive Officer, Singlife, said: "For over two decades, Navigator has been a trusted financial compass, guiding countless Singaporeans on their investment journeys. GROW will continue to play a vital role in Singlife's ecosystem. With the support of our future-ready advisers, GROW will be able to serve its clients better than ever, with innovative investment solutions for their journey to wealth creation." Looking ahead, GROW has several exciting developments in store: New and Improved Platform: GROW plans to introduce a new multi-asset trading platform in the coming quarters. This platform will have an intuitive design and enhanced reliability, providing financial advisers with an optimised and seamless experience. ELEVATE 2.0 – Insights, Curated and Accessible: GROW is committed to enhancing its adviser enablement ecosystem, ELEVATE. Through this enhancement, GROW will develop exclusive insights, experiential events, and bespoke programmes for advisers. This will empower advisers with valuable knowledge and resources to better serve their clients. Strategic Collaborations: GROW will boost its capabilities and product suite by forging strategic partnerships with leading asset management firms and digital asset platforms such as Blackrock and Fullerton Fund Management. This will expand GROW's product offerings, providing exclusive investment solutions for a wide range of advisers and investors. Customer Success and Assurance: As GROW prepares for the full launch of its new platform, ensuring customer success remains paramount. In order to deliver exceptional user experiences, the company will provide comprehensive support, extending beyond conventional customer service. This includes comprehensive training to advisers on its new investment platform. Up-to-date training resources and dedicated customer success managers (CSMs) will provide services to empower advisers with the knowledge and support they need. The new brand was unveiled at the Ritz Carlton Grand Ballroom on 30 August. Hashtag: #Singlife #GROWThe issuer is solely responsible for the content of this announcement.About GROW with SinglifeGROW with Singlife is an integrated investment platform under the Singlife Group, a leading homegrown financial services company. GROW's platform offers an integrated investment solution that combines intuitive technology with tailored services, and a progressive range of products, alongside insights, tools, and support, to enable advisers to provide more meaningful and impactful advice to their clients. We are committed to supporting our employees, financial advisers, and end clients with care, consideration, and compassion at every step of their financial life journey. About SinglifeSinglife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives. In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its Navigator platform. It also offers the Singlife Account, a mobile-first insurance savings plan. Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability. First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.
AHMEDABAD, India, Sept. 4, 2023 /PRNewswire/ -- The misleading reports on Adani Group, India's largest critical infrastructure developer that has undertaken several projects which are of strategic priorities for the country's development have been unsuccessful in having any substantial impact on the group's business performance as well as its ability to create shareholder value. The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023. Four of the group's largest companies—Adani Enterprises, Adani Ports, Adani Green, and Adani Power—have gained over 100% from their lows. Adani Ports, the most widely held institutional stock in the Adani portfolio, is now trading above its pre-report price. Likewise, Adani Power is also trading above pre-report price levels. Despite the recent reports, the leading group stocks closed in the green on Friday, indicating a lack of trust in these misleading reports. Significant investments by large global institutions in recent months, including a sovereign wealth fund, have bolstered confidence in the group's businesses. It is worth noting that these investors which include Qatar Investment Authority and GQG Partners are repeat investors which were already large shareholders in the group's businesses. Furthermore, none of the long-only investors including France headquartered Total Energies, Abu Dhabi based IHC, Qatar based QIA and US headquartered GQG Capital Partners have exited their investments from the group businesses and have continued to support, some through increased participation. This is because the group has been a huge value creator for each of these investors. Stake sales to these investors have also enhanced liquidity at the promoter level, which can be utilized for strategic priorities. The group has raised nearly USD 10.5 billion through strategic stake sales to long-only investors. Around USD 5 billion is posted in the short-seller report. The Adani Group remains committed to attracting more such investors as part of its 10-year capital program initiated in 2016 to participate in the world's largest and fastest-growing infrastructure development platform. In addition, the rating agencies have reaffirmed the ratings of all the listed group companies. This has allowed continued market access. In the first quarter of the current financial year alone, the group has raised INR 17949 crore from international as well as domestic banks and capital markets. The trust and confidence demonstrated by these investors underscore the strength of the group's businesses and its commitment to high governance standards. Financially, the group continues to perform well, reporting record profits in the first quarter of FY24 following the short-seller report. The group's portfolio of listed companies achieved an EBITDA of INR 23,532 crore, a 42% increase year-on-year, almost matching the entire FY19 EBITDA of INR 24,780 crore. For FY23, EBITDA reached INR 57,210 crore, a 42% YoY increase, with improved debt metrics, boasting a net-debt to EBITDA ratio of three times. The portfolio companies also held INR 42,115 crore in total liquidity. Importantly, the Adani Group operates within the bounds of the law and under the scrutiny of regulatory authorities in respective jurisdictions. The allegations are based on false information and only targeted to malign the group's image but have no substantial impact on the group's day-to-day operations. About Adani Group For media queries please contact, roy.paul@adani.com
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