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

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October 31, 2024

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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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October 29, 2024

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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

News

theconverser.com

-

October 29, 2024

0

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

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October 29, 2024

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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

News

theconverser.com

-

October 29, 2024

0

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.

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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October 28, 2024

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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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October 25, 2024

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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

beIN Media Group Extends NBA Partnership, Strengthening Sports Coverage in the Middle East

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October 24, 2024

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beIN Media Group Extends NBA Partnership, Strengthening Sports Coverage in the Middle East

PRWire:

A Renewed Commitment to Basketball in MENA

In a significant move that underscores its continued commitment to sports broadcasting, beIN Media Group has announced the renewal of its broadcast and digital partnership with the National Basketball Association (NBA) for the 2024-25 season. This deal will see beIN SPORTS, the flagship sports channel of the Qatar-based network, airing over 400 live NBA games exclusively across the Middle East and North Africa (MENA), including major events such as the NBA Global Games, All-Star Weekend, playoffs, and finals.

A Long-Standing Collaboration

The extension builds on a long-standing relationship that began in 2008, marking 17 years of collaboration between the NBA and beIN. This partnership allows beIN SPORTS to broadcast NBA games in Arabic, English, and French, further enriching the viewing experience for a diverse regional audience. The agreement also includes rights to NBA TV—the league’s 24/7 basketball channel—and access to a range of video highlights, news, statistics, and original digital content tailored specifically for fans in the MENA region.

Bringing the NBA to the Middle East

The renewal comes as the NBA prepares to make a splash in the Middle East, with the Boston Celtics and Denver Nuggets set to compete in two preseason games in Abu Dhabi, marking the first time that the last two NBA champions will face off in the region. Mohammad Al-Subaie, CEO of beIN MENA, emphasized the importance of this partnership in delivering premier global sports content, stating, “Our long-standing relationship with the NBA reflects our commitment to providing the best in global sports entertainment for our subscribers. We are proud to renew our broadcast partnership and bring our audience closer to the action as basketball gains momentum across the Middle East and North Africa.”

Increasing Appetite for Basketball in MENA

The collaboration between beIN and the NBA highlights the increasing appetite for basketball in the MENA region. The NBA’s Vice President of Global Media Distribution for Europe and the Middle East, Elsa Memmi, noted that the Middle East market has shown “incredible momentum,” pointing to the growing fanbase and regional enthusiasm for marquee basketball events. This enthusiasm is supported by beIN’s comprehensive approach, ensuring that regional fans will continue to have access to live broadcasts, digital content, and on-demand highlights, all available on platforms like beIN’s over-the-top (OTT) service, beinsports.com/nba.

Strategic Importance of the Partnership

This renewed partnership also aligns with beIN’s broader strategy to expand its influence in the global sports industry, leveraging key sports properties to maintain a strong foothold as the leading provider of live sports content in the MENA region. With increased competition in the streaming and broadcasting landscape, such partnerships are crucial to retaining subscribers and enhancing beIN’s value proposition. The deal also reflects the growing demand for premium sports content in the region, with basketball being one of the fastest-growing sports among younger audiences.

Fostering Local Talent and Sports Engagement

Beyond broadcasting games, beIN also looks to foster local talent and grow the sport’s popularity across the MENA region. The renewed partnership with the NBA not only promises to deliver world-class basketball to millions of homes but also reflects beIN’s broader vision of driving sports engagement and developing the next generation of players and fans. beIN is actively involved in initiatives that support youth sports programs and community events, aiming to nurture grassroots basketball and inspire the next wave of talent in the Middle East.

Staying Ahead in the Streaming Wars

As the streaming wars continue and regional sports markets evolve, beIN’s strategy of securing premium content and ensuring exclusivity in the MENA region represents a calculated move to stay ahead. The partnership also provides the NBA with a critical avenue to further its international growth, particularly in markets like the Middle East, where the potential for new fans and business opportunities remains robust. This expansion aligns with the NBA’s global growth strategy, which aims to broaden its reach and build stronger connections with international audiences.

A Season of High-Stakes Action Awaits

With the NBA season just getting underway, basketball fans across the Middle East can look forward to thrilling matchups and exclusive coverage—all thanks to the continuing collaboration between beIN Media Group and the NBA, promising another season of high-stakes action, high-flying dunks, and moments that capture the global excitement of the game.

Experience Personalized Care at The French Clinic in Dubai

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October 24, 2024

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Experience Personalized Care at The French Clinic in Dubai

PRWire:

The French Clinic in Dubai is a beacon of quality healthcare, offering patients a personalized, multilingual medical experience. Established in 2007 within Dubai Healthcare City, the clinic brings a touch of French excellence to the UAE. Its team of highly qualified doctors and specialists provide a range of services, from pediatrics and gynecology to family medicine and vascular care, all tailored to meet individual patient needs.

One of the standout professionals at The French Clinic is Dr. Nawar Tayara, a highly respected family medicine specialist. Dr. Tayara’s approach is rooted in holistic care, ensuring that patients receive comprehensive, individualized treatment that extends beyond the typical medical consultation. She is known for her empathetic manner and deep understanding of her patients’ health, considering not just their physical ailments but also their overall well-being.

What sets The French Clinic apart is its commitment to combining advanced medical technology with a warm, personal touch. The multilingual team is fluent in French, English, and Arabic, enabling them to connect effectively with Dubai’s diverse population. The clinic strives to create an environment where patients feel heard, supported, and actively involved in their healthcare journey.

The French Clinic offers a wide range of services, including pediatric care such as vaccinations and growth monitoring, gynecological services like prenatal and postnatal care, as well as specialized vascular treatments. The clinic also provides family medicine services for both acute and chronic conditions, ensuring continuity of care for all family members.

Patients frequently praise The French Clinic for its attentive and compassionate care. One patient noted, “Dr. Tayara and her team made me feel comfortable and genuinely cared for. They took the time to listen to my concerns and provided a treatment plan that worked for me.” Testimonials like these highlight the clinic’s dedication to patient satisfaction and trust.

In addition to its personalized approach, The French Clinic utilizes advanced medical technology to enhance diagnostic accuracy and treatment outcomes. From state-of-the-art ultrasound machines to modern laboratory facilities, the clinic ensures that patients receive the highest standard of care.

The French Clinic accepts a variety of insurance plans, making healthcare accessible to a broader audience. The clinic also offers flexible payment options for those without insurance, ensuring that everyone can access the care they need.

Community engagement is another important aspect of The French Clinic’s mission. The clinic regularly organizes wellness events and health education workshops to promote preventive care and healthy living within the community.

Located conveniently in Dubai Healthcare City, The French Clinic offers a calm and welcoming space that ensures patient comfort. Whether addressing routine health concerns or managing more complex medical issues, the clinic’s focus on quality care and attention to detail makes it a trusted healthcare provider in the region. Patients can rely on the clinic not only for immediate medical needs but also for ongoing health management and preventative care.

For those seeking a healthcare provider that blends European medical expertise with a deep respect for individual patient needs, The French Clinic and its team, including Dr. Nawar Tayara, stand as an exemplary choice in Dubai. Their dedication to patient-centered care ensures that every visit leaves patients feeling reassured, respected, and genuinely cared for.

For more information, visit their website at The French Clinic.

Suite Together Introduces the First End-to-End Co-Living Management System in Singapore – PRWire

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October 23, 2024

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PRWire:

Singapore, September 2024 – Suite Together, one of Singapore’s leading co-living platforms, has made a significant leap in revolutionizing the housing industry by launching the first end-to-end co-living management system. This cutting-edge technology is designed to streamline every aspect of co-living—from property listing to rental management, tenant services, and beyond.

As the demand for co-living continues to rise, Suite Together has recognized the need for an efficient, comprehensive solution that serves both property owners and renters. With this new system, property owners can now manage their listings, tenants, and operations all in one place, while renters enjoy a smoother, more integrated experience from start to finish.

What Makes Suite Together’s End-to-End System Unique?

Suite Together’s end-to-end system is the first of its kind in Singapore’s co-living space. The system consolidates various processes into one user-friendly platform, providing seamless interaction between renters and property owners. The platform covers every aspect of the rental process, including:

Property Listing and Marketing: Property owners can easily upload, edit, and promote their co-living spaces, complete with high-quality photos, virtual tours, and detailed descriptions. The system ensures that each listing is optimized for visibility and engagement.
Tenant Management: Owners have access to tools that allow them to manage tenant inquiries, communicate directly with potential renters, and oversee tenant agreements and leases. The platform automates key administrative tasks, such as invoicing and payment tracking, saving owners time and reducing paperwork.
Rent Collection and Payments: Suite Together’s system integrates rent collection directly into the platform, making it easy for tenants to pay online and for owners to track and manage incoming payments without hassle. This automated feature improves cash flow and enhances transparency.
Tenant Services and Support: Renters can access a range of services, including maintenance requests, property information, and community features, all from a single dashboard. This streamlines communication and ensures that tenants have everything they need to make their co-living experience more enjoyable.
Insights and Analytics: Property owners have access to detailed analytics that provide insights into property performance, occupancy rates, and tenant preferences. These tools allow owners to make data-driven decisions and optimize their co-living spaces for maximum profitability.

A Seamless Experience for Renters

Suite Together’s new system isn’t just about making life easier for property owners. Renters will also benefit from the platform’s seamless integration, which makes finding, booking, and living in a co-living space more efficient and hassle-free.

The platform allows tenants to:

Search for properties based on their specific needs and preferences, including location, amenities, and price.
Book tours and virtual viewings directly through the platform, eliminating the need for back-and-forth communication.
Sign leases and make payments securely online, with automatic reminders for upcoming rent due dates.
Access community events and resources, helping them feel more connected to the co-living experience and their fellow tenants.

“We wanted to create a solution that makes co-living as easy as possible for everyone involved,” said [Suite Together Representative], [Title]. “With our end-to-end system, both owners and renters can handle everything in one place, from the first search to the final payment. This is a game-changer for the industry and a major step forward for Suite Together.”

Transforming the Co-Living Market

The introduction of Suite Together’s end-to-end system is set to transform the co-living market by addressing some of the biggest challenges property owners face. With everything integrated into one platform, property owners can now operate their co-living spaces with greater efficiency and less overhead.

The new system also caters to the growing trend of digital nomads, students, and young professionals who prefer flexibility and convenience when it comes to renting. By creating a system that supports short-term leases and easily accessible services, Suite Together positions itself as the go-to platform for Singapore’s expanding co-living community.

Suite Together’s Commitment to Innovation

Suite Together has consistently been at the forefront of co-living innovation in Singapore. The launch of this end-to-end system is the latest in a series of developments aimed at enhancing the co-living experience for both property owners and renters.

“We are committed to providing a full-service solution that addresses the needs of the modern renter, while helping property owners manage their co-living spaces with ease,” said [Suite Together Representative]. “This end-to-end system is our answer to the complexities of today’s rental market, and we’re excited to see how it will reshape the co-living landscape in Singapore and beyond.”

Looking to the Future

As Suite Together continues to grow and evolve, the company plans to expand its end-to-end system to include even more features, such as sustainability metrics for eco-conscious properties, AI-driven insights for optimized property management, and international expansion to bring its innovative platform to other co-living markets around the world.

By pioneering this end-to-end system, Suite Together is not only improving the co-living experience but also paving the way for the future of flexible, community-based living.

About Suite Together

Suite Together is one of Singapore’s leading co-living platforms, offering a range of flexible, affordable, and community-focused housing options. With a mission to transform the rental experience, Suite Together provides renters and property owners with innovative tools and services that make co-living simple and enjoyable.