Dubai, United Arab Emirates - Thursday, 20. February 2025 AETOSWire
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Visit: https://www.addresshotels.com/en/resorts/address-beach-resort/
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Contacts
Maahi Patel
maahi@katchthis.com
Friday, February 21, 2025
The World’s Highest Outdoor Infinity Pool Club Room Benefits at Address Beach Resort Dubai
How the VinFast VF 8 Delivers Comfort and Durability in the Middle East’s Extreme Climate
The VinFast VF 8 is built to withstand the Middle East's extreme climate, offering comfort and durability in intense heat and dust. Features like advanced climate control, air filtration, and AWD make it a reliable choice for tough driving conditions.
The Middle East’s climate presents unique challenges for vehicles. With summer temperatures often exceeding 43°C, frequent dust storms, and occasional heavy rains, maintaining comfort and reliability on the road requires more than just standard engineering. In such conditions, vehicles must be equipped to handle intense heat, air quality issues, and sudden shifts in weather.
With these factors in mind, VinFast has tailored the VF 8, incorporating features that address the region’s specific driving challenges. Its air conditioning system, cabin materials, and drivetrain have been adapted to enhance stability, durability, and overall comfort.
Extreme heat puts a strain on vehicles, affecting both performance and the driving experience. Standard air conditioning systems often struggle in high temperatures, making long drives uncomfortable. The VF 8’s dual-zone climate control with air ionization helps maintain a stable cabin temperature, while a UV-protected windshield reduces heat buildup. For additional comfort, the Plus variant includes ventilated and heated seats for both rows, a feature typically found only in higher vehicle class.
Dust storms are another major consideration. Fine sand can clog air filtration systems, reducing efficiency and impacting interior air quality. The VF 8 is equipped with a Combi 1.0 cabin air filtration system with an ionizer, designed to keep the air inside the cabin fresh and crisp. Additionally, underbody aero shields help protect essential components from sand and debris, enhancing the vehicle’s long-term reliability.
When rain arrives, road conditions can change quickly. But the VF 8, in both Eco and Plus trims, features an All-Wheel Drive (AWD) system that enhances traction on slippery or sandy roads, while rain-sensing wipers improve visibility. A double-layer acoustic windshield reduces outside noise, particularly during harsh weather.
For electric vehicles, sustained high temperatures can also impact battery longevity. The VF 8’s 10-year/200,000-km warranty and unlimited-mileage battery coverage reflects the company’s confidence in its durability, an important consideration in a region where heat can accelerate battery wear.
Vehicles designed for extreme climates must go beyond standard performance metrics, taking into account the everyday conditions that affect safety, efficiency, and comfort. By incorporating thoughtful adaptations for heat, dust, and seasonal rain, the VF 8 stands out as a practical option for drivers in the Middle East. As the demand for climate-resilient vehicles grows, such optimizations will continue to shape the future of automotive design.
Contacts
Zeina Chakhtoura
Custodian of Two Holy Mosques Approves Saudi Riyal Symbol
RIYADH, Saudi Arabia - Thursday, 20. February 2025
20 February 2025 - 21 Sha’ban 1446
(BUSINESS WIRE) -- The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved today, February 20, 2025, the Saudi riyal symbol; a historic move that will reinforce the Saudi currency's identity.
The Governor of the Saudi Central Bank (SAMA), H.E. Ayman M. Al-Sayari, extends his profound appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and HRH Crown Prince and Prime Minister, Prince Mohammed bin Salman, for launching the Saudi riyal symbol.
Al-Sayari noted that this decision reinforces Saudi Arabia’s financial identity, locally, regionally, and internationally. He indicated that the implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities.
Al-Sayari said this initiative aims to promote the national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members. In addition, the initiative signifies the increasingly important role of the national currency in the global financial ecosystem.
The Governor acknowledged the collaborative efforts that have facilitated this achievement, extending his appreciation to all contributing entities involved in the symbol’s development project led by SAMA, including the Ministry of Culture; the Ministry of Media; and the Saudi Standards, Metrology and Quality Organization.
The Saudi riyal symbol, developed to the highest technical standards, embodies the Kingdom’s rich cultural heritage, carrying the name of our national currency “Riyal” in a design derived from Arabic calligraphy. The symbol will streamline the representation of the Saudi riyal in local, regional, and international contexts, making it suitable for use in referring to the Saudi riyal in all financial and commercial transactions.
As Saudi Arabia advances its Vision 2030 agenda, the launch of the symbol solidifies the importance of the Kingdom’s financial system and its increasing role regionally and internationally.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220759041/en/
Permalink
https://www.aetoswire.com/en/news/2002202544886
Contacts
Saudi Central Bank Media Team: Media@SAMA.GOV.SA
Thursday, February 20, 2025
NTT DATA Launches Smart AI Agent™ to Accelerate Generative AI Adoption and Drive $2 Billion in Revenue by 2027
TOKYO -
Next-generation AI tool will enhance operational efficiency, address global talent shortages, and empower businesses with smarter automation.
(BUSINESS WIRE) -- NTT DATA, a global digital business and IT services leader, today announced the international launch of its next-generation Smart AI Agent™. This advanced AI tool is a cornerstone of the company’s strategy to accelerate the adoption of Generative AI, with an estimated $2 billion in revenue that we aim to achieve from Smart AI Agent™-related business by 2027.
The Smart AI Agent™ autonomously extracts, organizes, and executes tasks in response to user instructions, complementing existing workforces and streamlining time-consuming processes. By enhancing efficiency across industries, the Smart AI Agent™ enables businesses to rapidly evaluate and deploy Generative AI applications, optimizing workflows and driving greater productivity.
Yutaka Sasaki, President and CEO, NTT DATA, said: “The launch of our Smart AI Agent™ is a direct response to the growing demand for tools that unlock the full potential of Generative AI. At NTT DATA, we’re committed to pioneering innovation that drives enterprise success. Smart AI Agent™ is designed to ease operational burdens, drive adoption, and help businesses realize the true value of AI technology.”
The Smart AI Agent™ is already making an impact in key sectors. It’s enhancing DevOps data analysis efficiency in the automotive industry, improving regulatory reporting processes for the banking sector, and optimizing the marketing cycle for a major gas manufacturer.
Key capabilities of the Smart AI Agent™ at launch include:
Task Planning: Automating complex workflows by autonomously dividing tasks into streamlined processes.
Multi-Agent Collaboration: Enabling multiple AI agents to work together on workflows for improved efficiency and effectiveness.
Advanced Retrieval-Augmented Generation (RAG): Providing contextual searches of internal corporate data for higher quality results.
Agent Ops: Generating validation data from business documents to optimize operational processes.
User-in-the-Loop (UITL): Coming in March 2025, UITL capabilities will continuously improve agent workflows based on user feedback, creating a cycle of autonomous optimization.
NTT DATA’s end-to-end Smart AI Agent™ solution includes consulting, implementation, and ongoing support, ensuring seamless integration across businesses. While many enterprises use public cloud services to leverage Generative AI, NTT DATA recognizes that security-conscious companies require private cloud solutions. The company provides optimal infrastructure for both public and private environments, ensuring confidentiality and compliance.
In addition to creating significant value for businesses, Smart AI Agent™ also addresses the global talent gap. By automating repetitive tasks, it allows workforces to focus on more strategic, value-added activities.
The Smart AI Agent™ will first be rolled out to the US, China, and several European countries, with a broader global availability.
About NTT DATA
NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group, which invests over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future.
Visit us at nttdata.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220598238/en/
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Contacts
Hotwire Global
nttdata@hotwireglobal.com
Digital Cooperation Organization concludes 4th General Assembly with endorsement of 2025-2028 Agenda to advance digital maturity
Amman, Jordan.
The Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the inclusive growth of the digital economy, has concluded its fourth annual General Assembly in Jordan on 19th February 2025, launching new digital cooperation initiatives aimed at narrowing the global digital divide and endorsing the DCO’s 2025-2028 Agenda that will advance digital maturity across Member States.
In the Declaration of the General Assembly, the 16 DCO Member States reaffirmed their commitment to building an inclusive, human-centric, and sustainable digital economy. They also welcomed the decision to broaden DCO membership by establishing the Associate Membership mechanism, and the successful implementation of the WE-Elevate initiative.
DCO’s Member States furthermore endorsed the following cross-border initiatives: the DCO Entrepreneurship and Innovation Standard of Excellence, the DCO Interoperability Mechanism for Cross-Border Data Flows, the DCO Model Contractual Clauses, the AI Ethics Evaluator, the AI Readiness Toolkit, the Framework for Strengthening National Agendas to Combat Online Misinformation, the establishment of a Ministerial Committee chaired by Kuwait, and the E-Waste Management Framework.
These build upon successful initiatives endorsed at the inaugural International Digital Cooperation Forum (IDCF) held on the sidelines of the Assembly, including the Framework for Cross-Border E-Waste Management, the Responsible AI Governance Policy Tool, and the AI Readiness Toolkit.
Member States also adopted the DCO Model Startup Act, the DCO Data Privacy Principles, the DCO Principles for Ethical AI, the DCO Intent on Safe Digital Space for Children, and the DCO Intent on Digital Intellectual Property (IP) Protection.
On the sidelines of the Assembly, MoUs were signed between DCO and the Mohammed Bin Salman Foundation (MISK), HP Inc., the Agency for Economic Cooperation and Development, and between the Sultanate of Oman and 500 Global. A Statement of Intent was additionally signed between DCO and United Nations Office for South-South Cooperation (UNOSSC).
In addition, the four-year 2025-2028 Agenda was endorsed, providing clear direction for initiatives that drive transformative growth, ensuring we are prepared to succeed collectively through the power of multilateral actions in an increasingly interconnected, technology- driven world.
The Islamic Republic of Pakistan was additionally endorsed for the Presidency of the DCO Council for 2026. Also, the council announced the composition of the 2025 Executive Committee, which will be chaired by the Kingdom of Saudi Arabia and will include the following Member States: the Hashemite Kingdom of Jordan, the State of Kuwait, the Islamic Republic of Pakistan, the Republic of Cyprus, the Kingdom of Morocco, and the Sultanate of Oman.
The Jordanian Minister of Digital Economy and Entrepreneurship and Chairman of the Digital Cooperation Organization (DCO) Council, H.E. Engineer Sami Smeirat, stated that it is a great honor for Jordan to host the 4th General Assembly of the Digital Cooperation Organization, which represents a significant milestone in advancing digital cooperation among member states. He emphasized that through Jordan’s presidency of the organization in 2024, the country has demonstrated its ability to lead global efforts toward building an inclusive and sustainable digital economy that is human-centered and serves everyone without exception.
Smeirat added, “Throughout this year, we have launched ambitious initiatives, strengthened public-private partnerships, and laid solid foundations to empower youth and women in the technology sector.”
“Today, as we hand over the presidency to our brothers in the State of Kuwait, we reaffirm Jordan’s commitment to remaining an active partner in achieving the organization’s goals. We look forward to continuing our joint efforts to realize our shared vision: a digital world marked by prosperity and fairness for all.”
Deemah AlYahya, Secretary-General of DCO, said: “On behalf of the DCO Secretariat, I extend our appreciation to the Hashemite Kingdom of Jordan, and our deepest gratitude to H.E. Sami Smeirat and the Council of Member States, for their guidance and unwavering support provided throughout the year.
The General Assembly marked four years of progress for DCO, showcasing our commitment to uniting governments, the private sector, and civil society to discuss the state of the digital economy and the shared challenges in achieving inclusive and sustainable global digital prosperity.”
The Secretary-General highlighted DCO’s upcoming ambitions, adding: “While we have achieved much over the past four years, there is still important work ahead to drive digital economic growth for all. Our 2025-2028 Agenda marks the beginning of a new digital era for DCO. Global collaboration will be essential in achieving inclusive and sustainable development, benefiting more than 800 million people across our 16 Member States and shaping a better future for generations to come.”
Chaired by H.E. Sami Smeirat, Chairperson of the DCO Council for Digital Collaboration and Jordanian Minister of Digital Economy and Entrepreneurship, the GA saw the handover of the DCO Council presidency for 2025 from Jordan to the State of Kuwait, where the next DCO General Assembly will take pace in February 2026. The 5th GA will discuss the impact of joint initiatives in line with the 4-Year 2025-2028 Agenda.
Omar Saud Al-Omar, Minister of State for Communication Affairs, Kuwait, said: “The State of Kuwait is honored to have been elected to the Presidency of DCO. We look forward to building on our contributions, including guiding efforts to combat online misinformation by chairing a Ministerial Committee that will oversee the implementation of the Framework for Strengthening National Agendas to Combat Online Misinformation”.
“Our Presidency comes at a pivotal time for DCO, with the 2025-2028 Agenda setting a blueprint for the next four years. We are ready to share our expertise so that all nations have an opportunity to prosper in the digital economy. Kuwait also affirms its commitment to supporting digital transformation by adopting initiatives and projects that enhance the digital economy, encourage innovation and digital entrepreneurship, thus contributing to empowering societies and achieving sustainable technology-based development.”
More information about the DCO can be found at
• www.DCO.org
• www.twitter.com/DCOrg
• www.linkedin.com/company/DCOrg
For media enquiries, please contact media@DCO.org
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Contacts
Ahmed Bayouni
Media@dco.org
Ferrer is the Highest-performing Pharmaceutical Company in the World for Social and Environmental Impact According to B Corp
(BUSINESS WIRE) -- Spanish pharmaceutical company Ferrer has reaffirmed its status as a B Corp, an international certification awarded to companies that operate with a business model centered on positive impact and meet high social, environmental, and community standards. Ferrer has achieved a score of 136.4 points, making it the highest-rated pharmaceutical company in the world. Additionally, it now ranks as the third-highest scoring company across all sectors globally among those generating more than €500 million in annual revenue.
According to Mario Rovirosa, CEO of Ferrer, “This achievement reflects our firm commitment to using business to fight for social justice. Every member of our organization works daily to ensure that we are not just one of the best companies in the world, but one of the best companies for the world. However, while we are immensely proud of this recognition, we believe it is not enough. We have a moral obligation to do more and do better because the global reality of social injustice is urgent. Only by all working together can we really tackle today’s and tomorrow’s challenges.”
To become a B Corp, companies must undergo a rigorous assessment and achieve a minimum score of 80 points across five key areas: governance, customers, environment, employees, and community. In 2022, Ferrer obtained a score of 100.6, becoming the first Spanish pharmaceutical company to join the B Corp movement. Now, three years later, it has improved its score by 35%.
Over the intervening period, Ferrer has implemented more than 100 initiatives that have contributed to raising its score across all five impact areas. The most significant increase occurred in the Community category, where the company’s score rose from 13.2 to 38 points. This improvement was primarily driven by the recognition of Ferrer’s Impact Business Model (IBM) for Donations, as well as enhancements in social and environmental supply chain management.
The Impact Business Model for Donations formalizes Ferrer’s commitment to donating at least 20% of its total annual profits, with a minimum of 10% allocated to the Ferrer Foundations and the remainder directed towards other social and environmental organizations. In fact, over the past four years, Ferrer has exceeded this commitment, dedicating an average of 40% of its profits to initiatives that generate a positive impact.
This model complements Ferrer’s established Health Impact Business Model, which was recognized in the initial certification. As a pharmaceutical company, Ferrer is dedicated to providing transformative therapeutic solutions for those with debilitating, low-prevalence diseases, particularly in the fields of pulmonary vascular and interstitial lung diseases and neurological disorders.
Mario Rovirosa also stated that, “At Ferrer, we firmly believe that business success must go hand in hand with generating a positive impact, both for society and the planet. As such, we have long been undergoing a transformation that extends beyond traditional business activities, positioning Ferrer as a company committed to action to drive social change. This approach has not only strengthened our identity and purpose but has also proven that sustainability and profitability can coexist without compromise. Our business model demonstrates that economic value creation can go hand in hand with actively contributing to a fairer and more sustainable world.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220329612/en/
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Contacts
For more information:
Ferrer
Gorka Ortiz de Zárate
Communication Advisor
gortizdez@ferrer.com
Tel. +34 936 003 779
Geothermal Developer Ignis H2 Energy Raises $12.5M in Series A First Close
Houston, Texas - Wednesday, 19. February 2025
Funds to Advance Exploration Projects in USA, Turkey, Indonesia & Italy
Ignis H2 Energy Inc. (“Ignis Energy”), a geothermal exploration and development startup, announced today the successful first closing of its Series A funding round, securing $12.5 million from a consortium of investors, including leading funds and private individuals. The funding round was led by alfa8 and includes a commitment from drilling contractor Nabors Industries, alongside investments from existing shareholders, private individuals, and family offices.
Advancing a Global, Risk-Balanced Geothermal Portfolio
Unlike other startups in the geothermal industry, Ignis Energy does not rely on a single technology or opportunity. Instead, it manages a risk-balanced portfolio of geothermal power-producing opportunities across high-enthalpy environments worldwide. By leveraging proven technologies and insights from a distinguished panel of geothermal experts, Ignis Energy diversifies risk while ensuring a steady pipeline of sustainable energy projects. The company has already secured promising geothermal opportunities in Turkey, Alaska, California, Nevada, and Italy.
Driven by a mission to provide affordable, reliable, and sustainable baseload geothermal energy, Ignis Energy integrates extensive expertise from the oil and gas sector into geothermal exploration and development. The company is pioneering the use of cutting-edge machine learning models to predict, locate, and explore geothermal resources more efficiently, leading to better drilling outcomes and lower project risk. With a portfolio spanning multiple geographies and geological formations, Ignis Energy is targeting the development of one gigawatt of documented producible geothermal reserves by 2030.
Strategic Investors Committed to Geothermal Innovation
Alfa8: Investing in a Sustainable Future -- alfa8 is committed to advancing technologies that accelerate the global shift toward sustainable energy solutions. With a strong focus on geothermal innovation and next-generation renewables, the firm backs forward-thinking pioneers redefining the energy landscape while ensuring environmental stewardship. Erin Glenn, COO of alfa8, emphasized the firm’s strategic approach: “As a patient capital investor, alfa8 is dedicated to funding transformative ventures that address the energy crisis, drive the adoption of geothermal energy, and push the frontiers of maritime decarbonization and critical sustainability initiatives.”
Nabors Industries: Driving the Future of Geothermal Exploration -- With a presence in over 20 countries, Nabors Industries is a leading provider of advanced technology for the energy industry. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower carbon world. Spearheading advancements in geothermal technologies and projects is a key focus of Nabors’ energy transition strategy.
Guillermo Sierra, VP, Strategic Initiatives at Nabors, asserted that “Ignis Energy will be a strong addition to our geothermal investment portfolio as we seek to catalyze breakthrough technologies and collaborate with experienced operators to deliver energy without compromise. We believe Ignis’ project portfolio and management team is best-in-class and we are pleased to collaborate with them on near-term projects and support their long-term growth, which we expect will include additional collaboration with Nabors’ other geothermal technology ventures.”
Richard Calleri, CEO of Ignis Energy stated “we are a geothermal exploration and development company focused on building a risk-balanced portfolio of geothermal power plants across key global markets. By combining proven technologies, expert knowledge, and advanced data analytics, Ignis Energy is unlocking the full potential of geothermal resources and accelerating the transition to a cleaner, more sustainable energy future.”
Marcus Oesterberg, COO of Ignis Energy added that “our approach is technology agnostic with a focus on high enthalpy and predominantly traditional geothermal resources that can be developed with today’s technology for power production.”
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Contacts
Richard Calleri
info@ignisenergy.com