Author: Akin Naphtal

HIELDNXT, a Qatar-based start-up, has won the MENA InsurTech Competition – Qatar Edition. The competition was organized by the MENA Insurtech Association, which held the Insurtech Ghabga Night at the Microsoft office in Lusail, Qatar. The event aimed to select the top five startups from 11 remarkable participants who will join the MENA Insurtech Summit on May 20, 21 and 22, 2023. Christudas Dai, the founder and director of SHIELDNXT, expressed pride in the company’s victory and hopes that such competitions will bring more awareness to the market and startups looking to disrupt the traditional insurance industry. READ ALSO:TachyHealth Launches…

Healthcare technology startup TachyHealth has launched a new AI language model for its AiCode solution, which has been trained on the Saudi billing system published by the Council of Health Insurance (CHI). The new model is designed to significantly reduce the margin of error in medical coding and ensure that providers and payers in the Kingdom receive the correct reimbursement for their services, thus minimising the risk of financial losses. READ ALSO:XTREME DB SYSTEMS partners with Equinix in the UAE for datacenter transformation and cloud deployment support Cassava Technologies pledges R4.5 billion in investment into the South African economy Broadband…

XTREME DB SYSTEMS (XDS) is a company based in the UAE that helps financial services customers to transform their datacenters and shift to new colocation or cloud deployment models. As per conversations with CEOs in the UAE, the need for instant provisioning and fast go-to-market has emerged as a crucial driver for maintaining competitive advantages, which is not feasible with on-premise datacenters anymore. READ ALSO:Cassava Technologies pledges R4.5 billion in investment into the South African economy Broadband India Forum and Wireless Broadband Alliance partner to expand NextGen Wireless Ecosystem SpotQuest Launches Innovative Location Intelligence Platform for Hotels and Restaurants, Cutting…

Cassava Technologies has pledged a total of R4.5 billion in investment in South Africa through its business units – Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Africa. The announcement was made during the fifth South Africa Investment Conference (SAIC) in support of SA President Cyril Ramaphosa’s initiative to drive investment into the country.Through this investment, Cassava, which has operations in Africa, the Middle East, Europe, the USA and Latin America, will continue to bring internationally recognised services and products to South Africa through the group’s renewable energy, cloud & cyber security, data centres and broadband connectivity business units.…

The Broadband India Forum and the Wireless Broadband Alliance have signed an MoU at an event focused on “Wi-Fi and Delicensing of 6GHz – The Driving Force of Broadband for All”. The collaboration aims to expand the NextGen Wireless Ecosystem and highlight the importance of the internationally harmonised unlicensed 6Ghz spectrum band in solving the Digital Divide. The event brought together policymakers, industry executives, subject matter experts and other stakeholders to explore new Wi-Fi technologies that operate only in the delicensed 6Ghz radio band that can complement 5G and bridge the connection gap while stimulating innovations and applications and service…

SpotQuest, a Singapore-based location intelligence firm, has launched a new platform that is set to revolutionize the hospitality industry. The automated tool provides detailed location intelligence for hotel chains and restauranteurs, using unique data points at a micro-neighbourhood level. The innovative platform delivers insights in a simplified and easily followed format incorporating powerful visualisations through customised maps and tables. The new technology bridges the gap of other tools, providing data that is deeply relevant to the business with actionable insights. It allows for comparisons across all brands and provides 360-degree location intelligence in real-time. Users can customize filters and point…

The World Metaverse Council has teamed up with the organisers of the upcoming Metaverse Discovery event in Riyadh to promote the development of an equitable and decentralised metaverse. The conference, which is set to take place on June 8 at the Crowne Plaza RDC Hotel, will provide participants with an immersive experience and celebrate the achievements of organisations that have contributed to the development of the metaverse through the inaugural World Metaverse Awards. These awards will acknowledge the pioneering work of companies across a range of categories, including finance, smart cities, tourism and leisure, healthcare, retail and government. The awards…

Al Salam Bank has launched Bahrain Trade, an addition to its digital investment platform, Al Salam Invest, which allows retail clients to digitally trade in Bahrain Bourse securities online. The platform, launched last year, is accessible through the bank’s mobile application and features a customisable, user-friendly interface in English or Arabic. Clients can execute trades in real-time and view comprehensive overviews of their portfolios. Al Salam Invest also offers access to global markets and a range of financial instruments including equities, ETFs, sukuk and mutual funds. READ ALSO:ArcelorMittal Nippon Steel India partners with IBM Consulting to digitally transform operations Alibaba…

ArcelorMittal Nippon Steel India has announced a partnership with IBM Consulting to transform its operations through digital means. The joint venture will use IBM’s business transformation capabilities and metal and mining industry expertise to create a data-driven enterprise. The two firms will migrate existing data and applications from older SAP platforms into a single SAP S/4HANA instance, using IBM’s Rapid Move for SAP S/4HANA approach. This will enable ArcelorMittal Nippon Steel to benefit from the newer functionalities of the modern platform, facilitating faster value realisation. IBM Consulting has also overhauled the enterprise structure and existing solutions to address several business-critical…

Alibaba Cloud, which is Alibaba Group’s digital technology and intelligence arm, has announced the launch of its latest large language model, Tongyi Qianwen. The company intends to incorporate this new AI model into its various businesses to enhance the user experience. Additionally, Alibaba Cloud plans to provide its clients and developers with access to the model, enabling them to create customised AI features in a cost-effective way. READ ALSO:Defence group EDGE to open new regional office in Brazil to expand global footprint Global PC market sees sharp decline in Q1 2023, Apple Mac shipments hit hard G42 and Microsoft to…