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LogRhythm | Exabeam Appoints Yasser Ali as Regional Director for Saudi Arabia and the Gulf Region to Support Local Cybersecurity Requirements

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LogRhythm | Exabeam Appoints Yasser Ali as Regional Director for Saudi Arabia and the Gulf Region to Support Local Cybersecurity Requirements
LogRhythm | Exabeam Appoints Yasser Ali as Regional Director for Saudi Arabia and the Gulf Region to Support Local Cybersecurity Requirements

PRWire:

LogRhythm | Exabeam Appoints Yasser Ali as Regional Director for Saudi Arabia and the Gulf Region to Support Local Cybersecurity Requirements

Ali brings over two decades of experience in the IT industry at AmiViz, Intel Security, and 3Com to LogRhythm | Exabeam

Riyadh, Kingdom of Saudi Arabia, 11 November 2024 – LogRhythm | Exabeam, a global cybersecurity leader that delivers AI-driven security operations, has appointed Yasser Ali as its Regional Director for Saudi Arabia and Gulf Region. The strategic appointment provides dedicated, on-the-ground support to LogRhythm | Exabeam customers and partners across the Gulf region, including the Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE), Qatar, Bahrain, Oman, Kuwait, Iraq, and Jordan. Ali will play an instrumental role in strengthening the region’s cybersecurity foundation and mitigating evolving cyberthreats.

Ali brings more than 24 years of IT industry experience to the role, previously holding managerial positions at AmiViz, Intel Security, and 3Com spanning across locations including Egypt, the KSA, and North Africa. As Regional Director for the Gulf Region, he will oversee operations, develop strategic initiatives, and deliver tailored solutions to address unique cybersecurity challenges in the Gulf. He will apply his security information and event management (SIEM) industry expertise to enable local organizations to access the most innovative security operations solutions.

“We are thrilled to have Yasser join our team as Regional Director for the Gulf Region. His extensive understanding of the Middle East’s cybersecurity landscape combined with his leadership expertise will play a vital part in driving forward our commitment to the region,” said Mazen Adnan Dohaji, Vice President and General Manager, IMETA, LogRhythm | Exabeam. “Yasser’s proven track record of driving growth and fostering local innovation will undoubtedly be a tremendous asset to our team as we focus on expanding our presence to serve the evolving needs of the market.”

Within his role, Ali will provide expert guidance, enabling LogRhythm | Exabeam customers to benefit from its self-hosted LogRhythm SIEM, cloud-native New-Scale Security Operations Platform, and advanced behavioral analytics products. His knowledge of the region will help organizations leverage localized solutions that align with the unique regulatory and technological needs of the Gulf.

“I am excited to take on this role at such a pivotal time for cybersecurity in the Gulf. As rapid digitalization accelerates, the demand for advanced, AI-driven solutions continues to grow,” said Yasser Ali, Regional Director, Gulf Region,LogRhythm | Exabeam. “It is clear that LogRhythm | Exabeam is committed to driving new value in the Middle East through recent launches, updates, and innovation. I look forward to building on this continuous momentum and empowering the Gulf with dedicated security tools and strategies that strengthen threat detection, investigation, and response (TDIR).”

The strategic hire follows the recent availability of the cloud-native New-Scale Platform in the KSA. Built on Google Cloud, the platform leverages the Dammam Google Cloud region (me-central2) to meet the demand for growing cloud-native security requirements.

About LogRhythm | Exabeam 

LogRhythm | Exabeam is a global cybersecurity leader that delivers AI-driven security operations. High-integrity data ingestion, powerful analytics, and workflow automation power the industry’s most advanced self-hosted and cloud-native security operations platform for threat detection, investigation, and response (TDIR). With a history of leadership in SIEM and UEBA, and a legacy rooted in AI, LogRhythm | Exabeam empowers global security teams to combat cyberthreats, mitigate risk, and streamline security operations. Learn more at www.exabeam.com.

Transforming Portland Homes with Custom Garage Doors by D&L Garage Doors

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Transforming Portland Homes with Custom Garage Doors by D&L Garage Doors
Transforming Portland Homes with Custom Garage Doors by D&L Garage Doors

PRWire:

D&L Garage Doors is pleased to announce its comprehensive custom garage door solutions, offering Portland homeowners an opportunity to elevate their homes’ style and functionality. Focusing on tailored designs, high-quality materials, and smart technology integration, D&L Garage Doors brings an unmatched level of expertise to every project. 

A custom garage door does more than enhance curb appeal—it adds value and boosts security, making it a sound investment for homeowners. Whether clients prefer the modern look of aluminum, the strength of steel, or the classic charm of wood, D&L Garage Doors offers a range of materials and finishes to create a perfect match for any home.

Smart technology and energy efficiency are also central to D&L’s custom solutions. Homeowners can select advanced features like Wi-Fi-connected openers, enabling remote monitoring and control from a smartphone, adding an extra layer of convenience and security. Additionally, insulated doors support energy savings, helping to regulate temperature and reduce heating and cooling costs.

Beyond aesthetics and technology, D&L emphasizes the importance of professional installation. The experienced team at D&L Garage Doors ensures every custom door is installed with precision and safety in mind, providing warranties and support for long-term peace of mind.

“Custom garage doors are more than a visual upgrade—they’re a smart investment in security, energy efficiency, and lasting curb appeal for Portland homes,” said a D&L Garage Doors representative.

For homeowners interested in transforming their home’s look and functionality, D&L Garage Doors offers expert consultations to guide clients through the design and installation process. To learn more about custom garage doors and schedule a consultation, visit the D&L Garage Doors website.

IAG Cargo announces enhanced global services with new 2024-25 winter schedule  

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IAG Cargo announces enhanced global services with new 2024-25 winter schedule  
IAG Cargo announces enhanced global services with new 2024-25 winter schedule  

PRWire:

  • New IAG Cargo winter schedule delivers 5% increase in weekly rotations to Africa and the Middle East, including the return of services from London to Jeddah
  • Seven additional flights per week to Miami from London Heathrow and a resumption of the same service to Dublin 
  • Latin America to see three more weekly flights to Sao Paulo from London Heathrow   
  •  IAG Cargo customers can benefit from the new 2024-25 winter schedule until March 2025

31.10.24, London: IAG Cargo, the cargo division of International Airlines Group (IAG), has announced its new 2024-25 winter schedule, which includes increased services to key destinations across the world.

The new schedule will see IAG Cargo deliver a 5% increase in weekly rotations to Africa and the Middle East, including the return of the London Heathrow (LHR) / Jeddah (JED) route operating six times a week. Key transatlantic routes will also see a boost in capacity, including an additional seven flights to Miami (MIA) from London Heathrow each week, representing a two-fold increase, and a resumption of the same service from Dublin (DUB), which will run three times weekly. 

Beginning at the end of October 2024, IAG Cargo’s global customer base will benefit from the additional capacity until the end of March 2025.

Latin America will see three more weekly flights to Sao Paulo (GRU) from London Heathrow and an additional three services per week from Madrid (MAD). This extra capacity will be supplemented by six more services each week to Buenos Aires (EZE) from Madrid and Barcelona (BCN), as well as four more weekly rotations from the Spanish capital to Santo Domingo (SDQ).

Camilo Garcia Cervera, Chief Sales and Marketing Officer, IAG Cargo, said: 

“The final three months of the calendar year are always an incredibly busy time for air cargo, and the increased frequency and capacity across our global network will boost the options available to our customers who trust IAG Cargo to deliver its vital role in the supply chain.”

Shipments can be booked online at http://www.iagcargo.com. 

Out of London, IAG Cargo offers capacity to six continents with over 600 weekly wide-body services. Additionally, Dublin serves as a gateway to North America, boasting over 80 weekly wide-body rotations. The business now offers over 240 weekly wide-body services connecting Madrid and Barcelona with destinations across North America, Latin America and the Caribbean.

IAG Cargo announces enhanced global services with new 2024-25 winter schedule  

theconverser.com
-
0
IAG Cargo announces enhanced global services with new 2024-25 winter schedule  
IAG Cargo announces enhanced global services with new 2024-25 winter schedule  

PRWire:

  • New IAG Cargo winter schedule delivers 5% increase in weekly rotations to Africa and the Middle East, including the return of services from London to Jeddah
  • Seven additional flights per week to Miami from London Heathrow and a resumption of the same service to Dublin 
  • Latin America to see three more weekly flights to Sao Paulo from London Heathrow   
  •  IAG Cargo customers can benefit from the new 2024-25 winter schedule until March 2025

31.10.24, London: IAG Cargo, the cargo division of International Airlines Group (IAG), has announced its new 2024-25 winter schedule, which includes increased services to key destinations across the world.

The new schedule will see IAG Cargo deliver a 5% increase in weekly rotations to Africa and the Middle East, including the return of the London Heathrow (LHR) / Jeddah (JED) route operating six times a week. Key transatlantic routes will also see a boost in capacity, including an additional seven flights to Miami (MIA) from London Heathrow each week, representing a two-fold increase, and a resumption of the same service from Dublin (DUB), which will run three times weekly. 

Beginning at the end of October 2024, IAG Cargo’s global customer base will benefit from the additional capacity until the end of March 2025.

Latin America will see three more weekly flights to Sao Paulo (GRU) from London Heathrow and an additional three services per week from Madrid (MAD). This extra capacity will be supplemented by six more services each week to Buenos Aires (EZE) from Madrid and Barcelona (BCN), as well as four more weekly rotations from the Spanish capital to Santo Domingo (SDQ).

Camilo Garcia Cervera, Chief Sales and Marketing Officer, IAG Cargo, said: 

“The final three months of the calendar year are always an incredibly busy time for air cargo, and the increased frequency and capacity across our global network will boost the options available to our customers who trust IAG Cargo to deliver its vital role in the supply chain.”

Shipments can be booked online at http://www.iagcargo.com. 

Out of London, IAG Cargo offers capacity to six continents with over 600 weekly wide-body services. Additionally, Dublin serves as a gateway to North America, boasting over 80 weekly wide-body rotations. The business now offers over 240 weekly wide-body services connecting Madrid and Barcelona with destinations across North America, Latin America and the Caribbean.

Netcracker and du Sign Strategic Partnership to Develop GenAI Use Cases for an Advanced Digital Customer Experience

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Netcracker and du Sign Strategic Partnership to Develop GenAI Use Cases for an Advanced Digital Customer Experience
Netcracker and du Sign Strategic Partnership to Develop GenAI Use Cases for an Advanced Digital Customer Experience

PRWire:

Collaboration to Enhance Service Delivery, Customer Experience, and Align with UAE’s National AI Strategy

Netcracker Technology, a leading provider of innovative AI and telecom solutions, and du, a prominent telecom and digital services provider in the United Arab Emirates, have announced a strategic partnership aimed at leveraging artificial intelligence to foster innovation and elevate the digital customer experience. The companies will collaborate to develop cutting-edge GenAI (Generative AI) use cases that align with the UAE’s National AI Strategy 2031, underscoring their commitment to leading the next phase of digital transformation in the telecommunications sector.

The partnership was formalized during GITEX Global 2024, where executives from both companies signed a Memorandum of Understanding (MoU) for a multi-year program. This initiative is part of du’s pledge to the UAE’s National AI Strategy, focusing on incorporating the power of AI into key industry verticals. The collaboration marks a significant step forward in transforming customer experiences through advanced technology and redefining service standards across the region.

Driving Innovation with GenAI Telco Solutions

Netcracker’s GenAI Telco Solution will play a central role in enhancing du’s capabilities in automation, service delivery, and customer interaction. By integrating these advanced AI technologies, du aims to develop innovative solutions that will not only improve operational efficiency but also create a personalized and seamless digital experience for its customers.

“Our commitment to the UAE’s AI strategy has encouraged us to be forward-thinking and push the boundaries of what’s possible as we bring advanced technology to practical use cases within our business,” said Fahad Al Hassawi, CEO of du. “Through our ongoing partnership with Netcracker, we look forward to creating applications that will deliver positive benefits to our customers and society as a whole.”

Netcracker’s AI-driven platform, combined with du’s operational expertise, will lead to the development of use cases that enhance automation capabilities—reshaping how customer interactions are managed and improving service responsiveness. These initiatives will include features such as personalized assistance, increased accuracy in self-care requests, and multilingual support for digitally assisted conversations, thus providing a consistent and enhanced customer experience.

A Strategic Alliance Aligned with the UAE’s Vision

The UAE’s National AI Strategy 2031 aims to position the country as a global leader in artificial intelligence by integrating AI across various sectors to improve efficiency and productivity. Netcracker and du’s partnership is in direct alignment with this vision, focusing on the implementation of AI solutions that elevate customer engagement and enhance service quality.

“We are excited to enter into this engagement that leverages our revolutionary GenAI offering to create real-world scenarios that will allow du to create a truly digital experience for its customers,” said Andrew Feinberg, Chairman & CEO at Netcracker. “We are honored to continue our strong partnership with du as we work closely together to elevate its business now and for the future.”

Benefits for du’s Customers

The collaboration between Netcracker and du is designed to drive value directly to du’s customers. By leveraging GenAI, du is set to provide:

  • Personalized Customer Experiences: AI-driven interactions that adapt to individual customer needs, ensuring a more tailored approach to customer care.
  • Multilingual Support: Enhanced capabilities to communicate with customers in multiple languages, making customer support more accessible.
  • Efficient Service Delivery: Improved automation will allow du to respond faster to customer inquiries and self-care requests, ensuring a seamless digital experience.

Through the integration of Netcracker’s GenAI Telco Solution, du is enhancing its capacity to deliver a high level of precision and consistency across customer touchpoints, ultimately redefining the digital experience for its user base.

Accelerating Digital Transformation in Telecommunications

As the telecommunications industry undergoes rapid transformation, partnerships like the one between Netcracker and du are critical to staying ahead of emerging trends. The integration of AI, particularly GenAI, into telecom services is becoming a game-changer for operators seeking to enhance operational efficiency, customer engagement, and business growth.

Netcracker’s expertise in AI, 5G monetization, and automation technologies has enabled it to become a key partner for service providers worldwide. This partnership with du further cements Netcracker’s role in accelerating the digital transformation of the telecom industry in the Middle East, helping service providers transition into more agile and customer-centric organizations.

About Netcracker Technology

Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture, and resources to help service providers around the world transform their businesses to thrive in the digital economy. With a focus on cutting-edge technological advancements—including AI, automation, and 5G monetization—Netcracker has supported its customers’ transformation goals for more than three decades, advancing the telco-to-techco evolution and ensuring business growth and profitability. For more information, visit www.netcracker.com.

Conclusion

The strategic partnership between Netcracker and du marks a significant development in the Middle East’s telecommunications landscape. By aligning with the UAE’s National AI Strategy 2031 and focusing on innovative GenAI use cases, the two companies are set to redefine digital customer experiences and elevate service delivery standards. Through this collaboration, du’s customers will benefit from a more personalized, efficient, and accessible telecom service, positioning the company at the forefront of digital transformation in the region.

Netcracker and du Sign Strategic Partnership to Develop GenAI Use Cases for an Advanced Digital Customer Experience

theconverser.com
-
0
Netcracker and du Sign Strategic Partnership to Develop GenAI Use Cases for an Advanced Digital Customer Experience
Netcracker and du Sign Strategic Partnership to Develop GenAI Use Cases for an Advanced Digital Customer Experience

PRWire:

Collaboration to Enhance Service Delivery, Customer Experience, and Align with UAE’s National AI Strategy

Netcracker Technology, a leading provider of innovative AI and telecom solutions, and du, a prominent telecom and digital services provider in the United Arab Emirates, have announced a strategic partnership aimed at leveraging artificial intelligence to foster innovation and elevate the digital customer experience. The companies will collaborate to develop cutting-edge GenAI (Generative AI) use cases that align with the UAE’s National AI Strategy 2031, underscoring their commitment to leading the next phase of digital transformation in the telecommunications sector.

The partnership was formalized during GITEX Global 2024, where executives from both companies signed a Memorandum of Understanding (MoU) for a multi-year program. This initiative is part of du’s pledge to the UAE’s National AI Strategy, focusing on incorporating the power of AI into key industry verticals. The collaboration marks a significant step forward in transforming customer experiences through advanced technology and redefining service standards across the region.

Driving Innovation with GenAI Telco Solutions

Netcracker’s GenAI Telco Solution will play a central role in enhancing du’s capabilities in automation, service delivery, and customer interaction. By integrating these advanced AI technologies, du aims to develop innovative solutions that will not only improve operational efficiency but also create a personalized and seamless digital experience for its customers.

“Our commitment to the UAE’s AI strategy has encouraged us to be forward-thinking and push the boundaries of what’s possible as we bring advanced technology to practical use cases within our business,” said Fahad Al Hassawi, CEO of du. “Through our ongoing partnership with Netcracker, we look forward to creating applications that will deliver positive benefits to our customers and society as a whole.”

Netcracker’s AI-driven platform, combined with du’s operational expertise, will lead to the development of use cases that enhance automation capabilities—reshaping how customer interactions are managed and improving service responsiveness. These initiatives will include features such as personalized assistance, increased accuracy in self-care requests, and multilingual support for digitally assisted conversations, thus providing a consistent and enhanced customer experience.

A Strategic Alliance Aligned with the UAE’s Vision

The UAE’s National AI Strategy 2031 aims to position the country as a global leader in artificial intelligence by integrating AI across various sectors to improve efficiency and productivity. Netcracker and du’s partnership is in direct alignment with this vision, focusing on the implementation of AI solutions that elevate customer engagement and enhance service quality.

“We are excited to enter into this engagement that leverages our revolutionary GenAI offering to create real-world scenarios that will allow du to create a truly digital experience for its customers,” said Andrew Feinberg, Chairman & CEO at Netcracker. “We are honored to continue our strong partnership with du as we work closely together to elevate its business now and for the future.”

Benefits for du’s Customers

The collaboration between Netcracker and du is designed to drive value directly to du’s customers. By leveraging GenAI, du is set to provide:

  • Personalized Customer Experiences: AI-driven interactions that adapt to individual customer needs, ensuring a more tailored approach to customer care.
  • Multilingual Support: Enhanced capabilities to communicate with customers in multiple languages, making customer support more accessible.
  • Efficient Service Delivery: Improved automation will allow du to respond faster to customer inquiries and self-care requests, ensuring a seamless digital experience.

Through the integration of Netcracker’s GenAI Telco Solution, du is enhancing its capacity to deliver a high level of precision and consistency across customer touchpoints, ultimately redefining the digital experience for its user base.

Accelerating Digital Transformation in Telecommunications

As the telecommunications industry undergoes rapid transformation, partnerships like the one between Netcracker and du are critical to staying ahead of emerging trends. The integration of AI, particularly GenAI, into telecom services is becoming a game-changer for operators seeking to enhance operational efficiency, customer engagement, and business growth.

Netcracker’s expertise in AI, 5G monetization, and automation technologies has enabled it to become a key partner for service providers worldwide. This partnership with du further cements Netcracker’s role in accelerating the digital transformation of the telecom industry in the Middle East, helping service providers transition into more agile and customer-centric organizations.

About Netcracker Technology

Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture, and resources to help service providers around the world transform their businesses to thrive in the digital economy. With a focus on cutting-edge technological advancements—including AI, automation, and 5G monetization—Netcracker has supported its customers’ transformation goals for more than three decades, advancing the telco-to-techco evolution and ensuring business growth and profitability. For more information, visit www.netcracker.com.

Conclusion

The strategic partnership between Netcracker and du marks a significant development in the Middle East’s telecommunications landscape. By aligning with the UAE’s National AI Strategy 2031 and focusing on innovative GenAI use cases, the two companies are set to redefine digital customer experiences and elevate service delivery standards. Through this collaboration, du’s customers will benefit from a more personalized, efficient, and accessible telecom service, positioning the company at the forefront of digital transformation in the region.

Gulf Islamic Investments Secures $100 Million to Drive Regional Growth Plans

theconverser.com
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Gulf Islamic Investments Secures 0 Million to Drive Regional Growth Plans

PRWire:

Oversubscribed Capital Increase Aims to Bolster Private Equity and Private Credit Opportunities in Saudi Arabia and the GCC

29 October 2024, Dubai — Gulf Islamic Investments (GII), a leading Shari’ah-compliant global alternative investment firm, has announced the successful closure of a $100 million capital increase. This influx of growth capital, which was significantly oversubscribed, provides renewed opportunities for investment in promising private equity (PE) and private credit projects across the Gulf Cooperation Council (GCC) region, further solidifying GII’s ambition to expand its footprint and enhance its strategic presence in the Kingdom of Saudi Arabia and beyond.

The $100 million capital raise comes ahead of the Financial Investment Initiative (FII8), scheduled to take place in Riyadh from October 29 to 31, 2024. The initiative is expected to provide a major platform for global investors and business leaders to engage in high-level discussions about opportunities and challenges in Saudi Arabia’s evolving investment landscape, underscoring the significance of the Kingdom as a hub for future investment.

The recent capital-raising effort saw participation from leading shareholders in GII, along with contributions from several new investors, including one of the largest Saudi institutions, the Al Nahdi family office, and the Sharjah Investment and Development Authority (Shurooq). This strong endorsement from established financial players further underscores the growing investor confidence in GII’s robust portfolio and strategic growth plans.

Gulf Islamic Investments Secures $100 Million to Drive Regional Growth Plans

Expanding Horizons Across the GCC

With over $4.5 billion in assets under management (AUM), GII has established itself as a key player in the region’s alternative investment ecosystem, actively pursuing opportunities that create long-term value for investors. The new capital injection is poised to accelerate GII’s ongoing projects in sectors such as healthcare, logistics, food production, and education, with a special focus on the Kingdom of Saudi Arabia, which is rapidly transforming under its Vision 2030 initiative. This initiative seeks to diversify the Kingdom’s economy away from oil dependency by fostering growth in key sectors like tourism, healthcare, logistics, and entertainment.

GII has consistently demonstrated its commitment to tapping into high-growth sectors within the region. Notably, the firm has pursued key investments in strategic sectors, including its recent partnerships with Brookfield Asset Management to acquire a majority stake in GEMS Education, one of the UAE’s most prestigious education networks. Furthermore, GII divested from its UAE logistics network earlier this year, a move that highlighted the firm’s focus on optimizing its portfolio to capitalize on new and emerging growth areas.

In Saudi Arabia, GII has taken major steps in expanding its presence, particularly through investments in the healthcare sector. GII acquired a majority share in Al Meswak Dental Clinics, which is the largest network of dental and dermatology centers in Saudi Arabia. This investment positions GII strategically in one of the most crucial segments of the healthcare sector, catering to the growing demand for quality healthcare services in the Kingdom. Additionally, GII holds a significant stake in Abeer Medical Company, which operates numerous healthcare facilities in the Gulf.

The firm has also delved into the food production industry, which aligns with regional priorities regarding food security and sustainability. GII has launched the GreenCorp platform to support investments in food production and processing, with projects such as Badia Farms, a hydroponic agricultural enterprise, and Emad Bakeries in Jeddah, which focuses on bakery production. These ventures represent GII’s efforts to align its investment strategy with sustainability goals and contribute to food security in the region.

Beyond Saudi Arabia and the UAE, GII’s reach extends into India, where the firm runs two private equity funds focused on the dynamic and fast-growing Indian market. GII is evaluating additional opportunities in the Indian private equity space, highlighting its ambition to further diversify geographically and tap into new emerging markets.

Strengthening the Balance Sheet for Future Growth

The newly raised capital will enable GII to continue building on its current investments across multiple industries. Mohammed Alhassan, co-founder and co-CEO of GII Group, noted, “This additional capital raise strengthens our balance sheet further, on the back of GII’s existing investments in GCC healthcare, food production, and logistics ventures. The new growth capital will support projects in the Kingdom under Vision 2030, adding further foreign direct investment (FDI) and creating additional jobs for Saudi citizens, along with other GCC projects being developed currently.”

Pankaj Gupta, GII’s co-founder and co-CEO, emphasized the significance of the Financial Investment Initiative in Riyadh, stating, “FII provides an important opportunity to discuss our business partnerships and our commitment to investing in Saudi Arabia’s rapidly expanding economy, while bringing attractive returns and definitive benefits for our investors and shareholders. We also aim to discuss and develop new regional investment projects during the conference, which serves as a key platform for nurturing business relationships and exploring collaborative growth opportunities.”

Gupta also highlighted GII’s intention to expand further within the Arabian Gulf through acquisitions and co-investments with Saudi and other GCC investors. He stated, “Our growth strategy is anchored in forming long-term, meaningful partnerships that allow us to leverage synergies across sectors and regions, thereby contributing to the economic transformation envisioned by the region’s leadership.”

About Gulf Islamic Investments

Founded with the vision of providing Shari’ah-compliant alternative investments, Gulf Islamic Investments is a global leader in the alternative investment space. With over $4.5 billion in assets under management, GII aims to achieve superior, sustainable returns for its investors and shareholders by investing in well-curated growth and income-generating opportunities.

GII’s mission is underpinned by the philosophy of ‘innovation with a purpose,’ with an emphasis on building sustainable ecosystems that generate long-term value for all stakeholders involved. The firm actively invests in a diverse range of asset classes, including real estate, private equity, and private credit/debt, with a key focus on sectors poised for rapid growth and impact.

GII’s client network includes ultra-high-net-worth individuals (UHNWIs), family offices, banks, institutions, and sovereign wealth funds across the GCC and Asia. The firm’s UAE operations are regulated by prominent authorities, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Financial Services Regulatory Authority (FSRA). In Saudi Arabia, GII operates as Gulf International Investment Company, regulated by the Kingdom’s Capital Market Authority.

A Strategic Path Forward

The $100 million capital increase marks a significant milestone in GII’s journey, reinforcing its role as a vital player in the regional private equity and investment landscape. With a clear focus on identifying and seizing high-potential opportunities across healthcare, education, food production, and logistics, GII aims to be at the forefront of driving economic transformation in the Arabian Gulf.

As GII prepares to engage with regional and global partners at the Financial Investment Initiative in Riyadh, the firm remains steadfast in its commitment to contributing to the economic development and diversification of the GCC. By forging strong partnerships and deploying capital in line with regional priorities, GII continues to position itself as a catalyst for sustainable growth, innovation, and value creation in the region.

For more information, visit www.gii.ae and www.gii.sa.

Media Contact
Stephen Harrison
Head of Corporate Communications, GII
communications@gii.ae

Gulf Islamic Investments Secures $100 Million to Drive Regional Growth Plans

theconverser.com
-
0
Gulf Islamic Investments Secures 0 Million to Drive Regional Growth Plans

PRWire:

Oversubscribed Capital Increase Aims to Bolster Private Equity and Private Credit Opportunities in Saudi Arabia and the GCC

29 October 2024, Dubai — Gulf Islamic Investments (GII), a leading Shari’ah-compliant global alternative investment firm, has announced the successful closure of a $100 million capital increase. This influx of growth capital, which was significantly oversubscribed, provides renewed opportunities for investment in promising private equity (PE) and private credit projects across the Gulf Cooperation Council (GCC) region, further solidifying GII’s ambition to expand its footprint and enhance its strategic presence in the Kingdom of Saudi Arabia and beyond.

The $100 million capital raise comes ahead of the Financial Investment Initiative (FII8), scheduled to take place in Riyadh from October 29 to 31, 2024. The initiative is expected to provide a major platform for global investors and business leaders to engage in high-level discussions about opportunities and challenges in Saudi Arabia’s evolving investment landscape, underscoring the significance of the Kingdom as a hub for future investment.

The recent capital-raising effort saw participation from leading shareholders in GII, along with contributions from several new investors, including one of the largest Saudi institutions, the Al Nahdi family office, and the Sharjah Investment and Development Authority (Shurooq). This strong endorsement from established financial players further underscores the growing investor confidence in GII’s robust portfolio and strategic growth plans.

Gulf Islamic Investments Secures $100 Million to Drive Regional Growth Plans

Expanding Horizons Across the GCC

With over $4.5 billion in assets under management (AUM), GII has established itself as a key player in the region’s alternative investment ecosystem, actively pursuing opportunities that create long-term value for investors. The new capital injection is poised to accelerate GII’s ongoing projects in sectors such as healthcare, logistics, food production, and education, with a special focus on the Kingdom of Saudi Arabia, which is rapidly transforming under its Vision 2030 initiative. This initiative seeks to diversify the Kingdom’s economy away from oil dependency by fostering growth in key sectors like tourism, healthcare, logistics, and entertainment.

GII has consistently demonstrated its commitment to tapping into high-growth sectors within the region. Notably, the firm has pursued key investments in strategic sectors, including its recent partnerships with Brookfield Asset Management to acquire a majority stake in GEMS Education, one of the UAE’s most prestigious education networks. Furthermore, GII divested from its UAE logistics network earlier this year, a move that highlighted the firm’s focus on optimizing its portfolio to capitalize on new and emerging growth areas.

In Saudi Arabia, GII has taken major steps in expanding its presence, particularly through investments in the healthcare sector. GII acquired a majority share in Al Meswak Dental Clinics, which is the largest network of dental and dermatology centers in Saudi Arabia. This investment positions GII strategically in one of the most crucial segments of the healthcare sector, catering to the growing demand for quality healthcare services in the Kingdom. Additionally, GII holds a significant stake in Abeer Medical Company, which operates numerous healthcare facilities in the Gulf.

The firm has also delved into the food production industry, which aligns with regional priorities regarding food security and sustainability. GII has launched the GreenCorp platform to support investments in food production and processing, with projects such as Badia Farms, a hydroponic agricultural enterprise, and Emad Bakeries in Jeddah, which focuses on bakery production. These ventures represent GII’s efforts to align its investment strategy with sustainability goals and contribute to food security in the region.

Beyond Saudi Arabia and the UAE, GII’s reach extends into India, where the firm runs two private equity funds focused on the dynamic and fast-growing Indian market. GII is evaluating additional opportunities in the Indian private equity space, highlighting its ambition to further diversify geographically and tap into new emerging markets.

Strengthening the Balance Sheet for Future Growth

The newly raised capital will enable GII to continue building on its current investments across multiple industries. Mohammed Alhassan, co-founder and co-CEO of GII Group, noted, “This additional capital raise strengthens our balance sheet further, on the back of GII’s existing investments in GCC healthcare, food production, and logistics ventures. The new growth capital will support projects in the Kingdom under Vision 2030, adding further foreign direct investment (FDI) and creating additional jobs for Saudi citizens, along with other GCC projects being developed currently.”

Pankaj Gupta, GII’s co-founder and co-CEO, emphasized the significance of the Financial Investment Initiative in Riyadh, stating, “FII provides an important opportunity to discuss our business partnerships and our commitment to investing in Saudi Arabia’s rapidly expanding economy, while bringing attractive returns and definitive benefits for our investors and shareholders. We also aim to discuss and develop new regional investment projects during the conference, which serves as a key platform for nurturing business relationships and exploring collaborative growth opportunities.”

Gupta also highlighted GII’s intention to expand further within the Arabian Gulf through acquisitions and co-investments with Saudi and other GCC investors. He stated, “Our growth strategy is anchored in forming long-term, meaningful partnerships that allow us to leverage synergies across sectors and regions, thereby contributing to the economic transformation envisioned by the region’s leadership.”

About Gulf Islamic Investments

Founded with the vision of providing Shari’ah-compliant alternative investments, Gulf Islamic Investments is a global leader in the alternative investment space. With over $4.5 billion in assets under management, GII aims to achieve superior, sustainable returns for its investors and shareholders by investing in well-curated growth and income-generating opportunities.

GII’s mission is underpinned by the philosophy of ‘innovation with a purpose,’ with an emphasis on building sustainable ecosystems that generate long-term value for all stakeholders involved. The firm actively invests in a diverse range of asset classes, including real estate, private equity, and private credit/debt, with a key focus on sectors poised for rapid growth and impact.

GII’s client network includes ultra-high-net-worth individuals (UHNWIs), family offices, banks, institutions, and sovereign wealth funds across the GCC and Asia. The firm’s UAE operations are regulated by prominent authorities, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Financial Services Regulatory Authority (FSRA). In Saudi Arabia, GII operates as Gulf International Investment Company, regulated by the Kingdom’s Capital Market Authority.

A Strategic Path Forward

The $100 million capital increase marks a significant milestone in GII’s journey, reinforcing its role as a vital player in the regional private equity and investment landscape. With a clear focus on identifying and seizing high-potential opportunities across healthcare, education, food production, and logistics, GII aims to be at the forefront of driving economic transformation in the Arabian Gulf.

As GII prepares to engage with regional and global partners at the Financial Investment Initiative in Riyadh, the firm remains steadfast in its commitment to contributing to the economic development and diversification of the GCC. By forging strong partnerships and deploying capital in line with regional priorities, GII continues to position itself as a catalyst for sustainable growth, innovation, and value creation in the region.

For more information, visit www.gii.ae and www.gii.sa.

Media Contact
Stephen Harrison
Head of Corporate Communications, GII
communications@gii.ae

Biological Lattice Industries Secures $1.8 Million Pre-Seed Funding Led by Uni.Fund to Democratize Biofabrication

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Biological Lattice Industries Secures .8 Million Pre-Seed Funding Led by Uni.Fund to Democratize Biofabrication
Biological Lattice Industries Secures $1.8 Million Pre-Seed Funding Led by Uni.Fund to Democratize Biofabrication

PRWire:

Investment to Accelerate Development of BioLoom™ and Loominus Studio™, Aiming to Revolutionize Biofabrication Workflows Globally

Biological Lattice Industries Corp. (BLI), a pioneering innovator in biofabrication and life sciences research and development, today announced the successful closing of a $1.8 million pre-seed investment round led by Greek venture capital firm Uni.Fund. This significant funding milestone is set to propel BLI’s mission to simplify and democratize biofabrication processes for researchers worldwide.

In tandem with the funding announcement, BLI is unveiling its first all-in-one solution for biofabrication: BioLoom™, an advanced multi-tool 3D bioprinter, and Loominus Studio™, a unified software platform designed to transform biofabrication workflows.

“Our goal is to make biofabrication as simple and intuitive as possible, empowering researchers to break through technical barriers,” said Filippos Tourlomousis, Founder and CEO of BLI. “This funding will allow us to accelerate the development of our unified platform, enabling researchers to work with greater precision, reproducibility, and efficiency.”

Simplifying Biofabrication for Global Impact

Biofabrication—the process of producing complex biological products from raw materials such as cells, biomaterials, and molecules—has emerged as a cornerstone in advancing healthcare solutions. Its applications are vast, ranging from creating advanced 3D cell culture systems that emulate human biology to developing next-generation resorbable medical devices and drug delivery systems for tissue repair.

However, the complexity of current biofabrication workflows poses significant challenges. Researchers often grapple with coordinating multiple protocols, parameters, and disparate instruments that are not integrated, leading to inefficiencies and hindering innovation.

“By streamlining biofabrication, we’re addressing a critical bottleneck in life sciences R&D,” Tourlomousis explained. “Our integrated approach allows scientists to focus on innovation rather than the technical challenges that have traditionally slowed progress.”

Loominus Studio™: A Unified Biofabrication Platform

At the heart of BLI’s innovation is Loominus Studio™, a software platform that consolidates every aspect of the biofabrication workflow into a single, user-friendly interface. From design to fabrication, the platform enables researchers to automate complex processes, enhancing reproducibility and reducing the time and effort required to optimize biofabrication methods.

“Current software solutions in biofabrication are fragmented, often requiring manual data transfers and lacking interoperability,” noted Tourlomousis. “Loominus Studio™ eliminates these barriers by providing an all-in-one solution that seamlessly integrates design, simulation, and fabrication.”

The platform leverages advanced algorithms and artificial intelligence to optimize fabrication parameters, predict material behaviors, and ensure consistent quality across experiments. This level of integration is unprecedented in the field and is expected to set a new standard for biofabrication software.

BioLoom™: Advancing Beyond Traditional Bioprinting

Complementing Loominus Studio™ is BioLoom™, a versatile multi-tool extrusion-based 3D bioprinter. Unlike conventional bioprinters, BioLoom™ offers high-resolution, multi-material printing capabilities, allowing for the creation of complex architected scaffolds and devices that closely mimic natural biological structures.

“BioLoom™ provides an unparalleled level of versatility and precision,” Tourlomousis added. “Its Active Environmental Control feature ensures reproducibility and supports Good Manufacturing Practice (GMP) compliance, which is crucial for labs focused on commercializing their research.”

The printer’s modular design accommodates a range of biomaterials, including hydrogels, thermoplastics, and bioinks containing living cells. This flexibility enables researchers to explore new frontiers in tissue engineering, regenerative medicine, and drug delivery systems.

The Growing Importance of Biofabrication in Life Sciences

The global biofabrication market is experiencing rapid growth, driven by advancements in biotechnology and an increasing demand for personalized medical solutions. According to a report by MarketsandMarkets™, the 3D bioprinting market is projected to reach $1.9 billion by 2024, growing at a compound annual growth rate (CAGR) of 25.6% from 2019.

This growth underscores the urgency for more efficient biofabrication tools. “The complexity and cost of existing biofabrication processes have been significant barriers to entry, particularly for smaller research institutions,” said Dr. Maria Papadopoulos, a leading expert in tissue engineering at the University of Athens. “Innovations like BLI’s integrated platform have the potential to democratize the field, making advanced biofabrication accessible to a broader range of scientists.”

Uni.Fund’s Commitment to Deep Tech Innovation

Uni.Fund, known for its focus on supporting world-class deep tech startups in Europe, sees BLI as a transformative force in biofabrication.

“BLI is a game-changer in the biotech space, with a bold vision to disrupt how biofabrication is performed globally,” said Katerina Pramatari, Founding Partner at Uni.Fund. “Their integrated approach to life sciences R&D, combining sophisticated hardware and software powered by AI, is exactly the kind of innovation that Uni.Fund aims to support.”

Uni.Fund’s investment strategy emphasizes fostering innovation that has both commercial viability and the potential for significant societal impact. By backing BLI, Uni.Fund is reinforcing its commitment to advancing technologies that address critical challenges in healthcare and life sciences.

Accelerating Tissue Engineering Research

One of the early adopters of BLI’s technology is the Biomedical Engineering Department at the National Technical University of Athens. Researchers there have utilized BioLoom™ and Loominus Studio™ to accelerate their work in tissue engineering.

“With BLI’s integrated platform, we’ve reduced the time required for scaffold design and fabrication by over 50%,” said Dr. Elena Sotiropoulou, the lead researcher on the project. “The ability to rapidly iterate designs and automate fabrication processes has significantly advanced our research on cartilage regeneration.”

This case study exemplifies how BLI’s technology can have immediate, tangible benefits for research institutions, potentially leading to faster development of therapies and medical devices.

The Role of AI in Revolutionizing Biofabrication

BLI’s platform incorporates artificial intelligence and machine learning algorithms to enhance biofabrication processes. By analyzing data from previous experiments, the system can optimize parameters for new fabrications, predict outcomes, and reduce the likelihood of errors.

“Artificial intelligence is a game-changer in biofabrication,” Tourlomousis emphasized. “It allows us to move from a trial-and-error approach to a more predictive and efficient process, saving time and resources.”

The integration of AI not only improves efficiency but also opens new avenues for personalized medicine. By tailoring fabrication parameters to individual patient data, it’s possible to create bespoke medical solutions that are more effective and have fewer side effects.

Shaping the Future of Biofabrication Labs

With its ambitious vision, BLI aims to establish Loominus Studio™ as the industry standard for biofabrication labs. The company plans to continually expand its ecosystem of tools and features, further simplifying complex workflows and enabling new capabilities.

“Our roadmap includes the development of additional hardware modules and software updates that will expand the range of applications for our platform,” Tourlomousis revealed. “We are also exploring partnerships with material scientists and biologists to incorporate new biomaterials and biological components.”

By fostering a collaborative environment, BLI hopes to build a community around its platform, encouraging innovation and accelerating advancements in the field.

About Biological Lattice Industries (BLI)

Founded in 2021, Biological Lattice Industries Corp. (BLI) is a venture-backed startup committed to democratizing biofabrication for life sciences R&D. Through its platform, Loominus Studio™, and its ecosystem of integrated hardware tools, including the BioLoom™ bioprinter, BLI aims to revolutionize the way biomaterials are designed, fabricated, and tested.

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The successful funding round led by Uni.Fund marks a significant milestone for BLI and the biofabrication industry at large. By addressing the complexities of biofabrication with integrated, user-friendly solutions, BLI is poised to make a substantial impact on life sciences research and development. As the company accelerates the rollout of BioLoom™ and Loominus Studio™, researchers worldwide can look forward to more efficient, reproducible, and innovative biofabrication processes.

du Extends Strategic Partnership with Nokia to Enhance 5G Network Infrastructure

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du Extends Strategic Partnership with Nokia to Enhance 5G Network Infrastructure
du Extends Strategic Partnership with Nokia to Enhance 5G Network Infrastructure

PRWire:

A Major Leap in 5G Technology for the UAE

du, the leading telecom and digital services provider in the UAE, has announced an extension of its strategic partnership with Nokia to significantly enhance its 5G network infrastructure. This new agreement aims to bolster du’s advanced 5G network capabilities with cutting-edge technologies such as enhanced mobile broadband, 5G carrier aggregation, network slicing, massive IoT connectivity through reduced capability (RedCap), and edge computing. These innovations are expected to make the network future-ready, supporting emerging use cases for both consumer and enterprise customers across the region.

Deployment of Nokia’s Advanced 5G Technology

As part of this initiative, du will deploy Nokia’s industry-leading 5G AirScale Radio Access Network (RAN) portfolio, which includes baseband, Massive MIMO Habrok radios, and Remote Radio Head products. This deployment will ensure superior network capacity and coverage, even in challenging environments, while also enhancing energy efficiency to meet the growing demand for 5G services. This step aligns with du’s commitment to advancing its 2030 net-zero ambition, showcasing their dedication to sustainable growth.

The deployment of Nokia’s AirScale RAN technology will also enable du to take advantage of features such as 5G carrier aggregation, which combines multiple frequency bands to increase bandwidth, offering customers faster speeds and more reliable connections. Additionally, network slicing will allow du to create dedicated network slices for specific use cases, ensuring tailored connectivity solutions for different types of customers, including enterprises requiring specialized services. The integration of massive IoT through RedCap technology will help connect a wide range of devices with reduced energy consumption, paving the way for smart city applications and large-scale IoT deployments across the UAE.

A Vision for Exceptional Network Performance

Saleem AlBlooshi, Chief Technology Officer at du, stated: “Our collaboration with Nokia represents a significant leap forward in du’s mission to deliver exceptional network performance and innovative services. By leveraging Nokia’s 5G portfolio, we aim to enhance our network’s efficiency and flexibility while exploring new opportunities and services that bring genuine value to our customers and society at large. This partnership will enable us to stay ahead in the competitive telecom landscape and continue providing cutting-edge solutions to meet the evolving needs of our customers.”

Benefits for Consumers and Enterprises

The partnership is also expected to enhance du’s ability to deliver seamless and ultra-reliable connectivity for both personal and business use cases. Enhanced mobile broadband services will benefit individual consumers by offering faster download and upload speeds, supporting high-definition video streaming, and improving overall internet experience. On the enterprise side, advanced capabilities like network slicing will facilitate the deployment of industry-specific applications, such as remote monitoring, autonomous vehicles, and mission-critical communication systems, thus supporting the digital transformation journey of various industries.

Strengthening the Digital Infrastructure

Mohamed Samir, Vice President of Mobile Networks at Nokia Middle East, expressed pride in strengthening the strategic relationship with du. He noted: “As we embark on this ambitious 5G Advanced expansion, du will be positioned as a frontrunner in 5G services. Our shared vision is to redefine network performance with scalable, energy-efficient solutions, unlocking new avenues for 5G monetization and paving the way for future innovations that will transform connectivity across the region. Together, we are committed to enhancing the digital infrastructure and enabling a more connected society.”

Paving the Way for Future Innovations

The strategic collaboration between du and Nokia marks a significant step toward enhancing 5G capabilities and creating a robust infrastructure that will support the evolving digital landscape in the UAE and beyond. The deployment of advanced 5G solutions is expected to fuel innovation across various sectors, including healthcare, education, transportation, and entertainment, ultimately contributing to the UAE’s vision of becoming a global leader in technology and connectivity.

With continued investment in 5G technology, du is positioning itself as a leader in the telecom sector, capable of meeting the growing demands of a digitally connected society. The partnership with Nokia not only strengthens du’s 5G network but also lays the foundation for future advancements in telecommunications, ensuring that the UAE remains at the forefront of the global digital revolution.

Tags: #BusinessNews, #TechnologyNews, #UAE

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