Author: Mahdeehassan

Jada Fund of Funds is pleased to announce its commitment to SEEDRA Ventures Fund II, a newly launched venture capital fund managed by SEEDRA Ventures. This investment is part of Jada’s ongoing strategy to support the growth and development of early-stage companies across diverse sectors in Saudi Arabia and the MENA region. Bandr Alhomaly, Managing Director and CEO of Jada Fund of Funds, said, “Our commitment to SEEDRA Ventures Fund II underscores our focus on enabling early-stage businesses that contributes to the Kingdom’s economic transformation in alignment with Vision 2030.” “We are grateful for Jada’s trust and commitment to the…

Snowflake, the AI Data Cloud company, today announced new AI features to its platform, enabling developers to effortlessly build conversational apps for structured and unstructured data with high accuracy, efficiently batch inference of large language models (LLM) for natural language processing (NLP) pipelines, and train custom models with GPU-powered containers — all with built-in governance, access controls, observability, and safety guardrails ensuring that AI security and trust remain at the forefront. The launches make it easier for companies to deliver simple, effective and reliable AI solutions for all data, including structured and unstructured data. Snowflake is also introducing Snowflake Intelligence…

GJ Properties Investments LLC, a leading developer of high-quality real estate in Ajman, achieved remarkable success at the recent Ajman Sales Event, securing AED 550 million in sales within a single day. This event witnessed significant demand from investors and residents eager to invest in Ajman, where GJ Properties Investments LLC sold 837 units across multiple new developments offered at competitive prices. Payment plans extending up to six years contributed to the strong interest from attendees. Among the notable developments, Al Ameera Village’s fifth phase sold out with 724 units purchased, followed by Nuaimia Two Tower with 63 units, and 50 apartments sold at Ajman Creek Towers. Ajman Creek…

Alteryx, Inc., a leader in automated and AI analytics, today announced its Fall 2024 release for the Alteryx platform. The latest update supports hybrid architectures and meets customers where they are—whether in the cloud or on premises. Alteryx’s Fall 2024 release provides business analysts with a seamless analytics experience that scales data-driven insights across departments and industries. As enterprises continue to gather insights and value from vast amounts of information, business and IT leaders are looking to gain more control over their data without creating siloes or limiting user access to make decisions. Because of this, IT leaders are increasingly leaning…

Dubai, United Arab Emirates – BECO Capital, a leading early-stage venture capital firm, announced a $20M investment from SVC further strengthening its commitment to supporting the burgeoning Saudi startup ecosystem. The investment marks a key moment in BECO’s ongoing efforts to back the region’s most promising technology companies, with a specific focus on Saudi Arabia’s emerging market. “We’re thrilled to deepen our partnership with SVC, a respected institution whose mission aligns with ours: driving growth and innovation in Saudi Arabia’s technology sector,” said Dany Farha, Co-Founder and Managing Partner at BECO Capital. “This collaboration is a natural extension of BECO’s…

Dubai, United Arab Emirates, November, 2024: OMODA & JAECOO, the innovative automotive brand dedicated to pioneering the future of travel, continues to show strong momentum and draw global interest, with total sales exceeding 360,000 units in just 18 months. This achievement, marked by consistent monthly sales exceeding 20,000 units since April 2024, underscores the brand’s rapid growth and sets the stage for its highly anticipated entry into the UAE market. This strong momentum is fuelling OMODA & JAECOO’s strategic expansion into key markets, including the establishment of its highly anticipated Middle Eastern Hub in the UAE. With accelerating sales figures worldwide,…

Muscat, Oman – November 2024 – The Sustainable City – Yiti is set to showcase its leadership in sustainable living at Cityscape Global 2024, taking place in Riyadh, the Saudi capital. This participation marks the latest in a series of appearances at international and regional real estate events, reinforcing its position as a global model for net zero living. The Sustainable City – Yiti will showcase the project’s commitment to sustainable living through comprehensive social, environmental, and economic sustainability strategies. The community’s design minimizes environmental impact and maximizes quality of life, providing residents with significant cost savings, including up to 100% savings on…

Riyadh, Saudi Arabia: The Saudi Film Commission announced the commencement of the second edition of the International Film Criticism Conference in Riyadh, running from November 6 to 10, 2024. The conference is distinguished by a vast presence of international filmmakers, critics, and cinephiles. The second edition of the Film Criticism Conference is held under the theme “Sound in Cinema”, to explore the various impacts of sound on the film experience and its influence on the film industry. The discussions will cover different elements such as film scores, sound effects, and nature sounds. The conference will also include workshops, film screenings,…

Nissan Motor Co., Ltd. today announced financial results for the six-months ended September 30, 2024, and revised its full year financial outlook for fiscal year 2024. Fiscal year 2024 first-half financial results Consolidated net revenue decreased by 79.1 billion yen to 5.98 trillion yen, with consolidated operating profit decreasing 303.8 billion yen to 32.9 billion yen, representing an operating profit margin of 0.5%. Net income1 was 19.2 billion yen. Global sales volumes decreased year-on-year to 1.6 million units. Profitability was affected by higher selling expenses and inventory optimization efforts, particularly in the US, along with rising monozukuri costs. The following…

Dubai, UAE: DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, announced its continued commitment to advancing science technology, engineering and mathematics (STEM) education through several global initiatives designed to foster a diverse and inclusive workplace. In honor of World STEM Day, DXC is proud to sponsor and participate in several programs throughout the globe, with the goal of enhancing STEM talent. As a global leader in IT services, DXC recognizes that fostering STEM skills is essential for driving innovation, empowering individuals, and addressing the challenges of today’s digital world. With a global workforce of over 125,000…