Thursday, November 28, 2024
MAG Group Holding Real Estate Portfolio Reaches USD 11.9 Billion
MAG Group Holding, the multinational conglomerate incorporating different companies serving diverse sectors, announced its portfolio of current and under development projects across its different real estate subsidiaries has reached USD 11.9 billion.
MAG Group Holding’s real estate subsidiaries include MAG Lifestyle Development, Keturah, Invest Group Overseas (IGO), MBL, Shoumous, Art of Living Mall and MAG Leasing for warehouses.
In his comments, Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, said: "The UAE's real estate sector is witnessing unprecedented demand, driven by the strategic vision and initiatives of our wise leadership. The government’s ongoing efforts to foster a favorable investment climate have made the UAE a preferred investment destination for global investors. We take pride in our extensive portfolio of developments that cater to diverse audiences, adding value to the already thriving sector. At MAG Group Holding, our mandate is to support the UAE's growth by creating innovative developments and meeting the evolving needs of both residents and investors."
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Contacts
Khaled Abu Hishme
khaled@cbpr.me
Philip Morris International Marks a Decade of IQOS—a Milestone in the Journey to a Smoke-Free Future
Japan, where IQOS was first launched in 2014, has experienced a 46% drop in smoking nationwide
(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) marks the 10th anniversary of the introduction of its leading smoke-free product, IQOS. The launch of this smoke-free innovation was a breakthrough moment toward achieving the company’s commitment to a future without cigarettes.
In Japan—the first market where IQOS was launched in 2014—newly released public health data by the National Health and Nutritional Survey (NHNS),i an annual nationwide health examination survey conducted since 1948 by the Japanese Ministry of Health, Labour and Welfare, shows a 46% decrease in cigarette-smoking prevalence since 2014, dropping from 19.6% of all adults to 10.6% in 2022.
This decline correlates with the introduction of heated tobacco products and their subsequent widespread adoption by millions of adults who smoke in Japan. The country continues to have the highest number of heated-tobacco-product users, and tobacco prevalence has not increased since they were introduced. Not only has the total tobacco use prevalence continued to decline, but the introduction of heated tobacco products in Japan appears to have helped many adult smokers transition away from cigarettes to less harmful alternatives, leading to a reduction in the number of adults smoking cigarettes.
A decade after it was launched in Japan, IQOS now generates over $10 billion of PMI’s annual net revenues, the product is available in over 70 markets worldwide, and 30.8 million adultsii use it.
PMI CEO Jacek Olczak said: “With the debut of IQOS, we launched PMI’s vision of a smoke-free company, creating an opportunity to solve the problem of smoking. Every day, IQOS demonstrates its potential for this, as evidenced by the approximately 22 million adults around the world who have fully switched to it and stopped smoking. IQOS is the world’s leading smoke-free product, and we are committed to continuing to lead the way to a future where better alternatives have completely replaced cigarettes, while moving forward to become a predominantly smoke-free company by 2030. Today, PMI employs over 80,000 people, and I would like to mark this anniversary by thanking them and their predecessors—all who made this transformation possible.”
With PMI transforming into an industry-leading science and technology company, smoke-free products account for 38% of the company’s net revenues in Q3 2024, up from practically 0% in 2014.
Philip Morris International: Delivering a Smoke-Free Future
Philip Morris International (PMI) is a leading international tobacco company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products. Since 2008, PMI has invested over $12.5 billion to develop, scientifically substantiate, and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. In 2022, PMI acquired Swedish Match—a leader in oral nicotine delivery—creating a global smoke-free champion led by the companies’ IQOS and ZYN brands. The U.S. Food and Drug Administration has authorized versions of PMI’s IQOS devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products and renewal applications for these products are presently pending before the FDA. As of June 30, 2024, PMI’s smoke-free products were available for sale in 90 markets, and PMI estimates that 36.5 million adults around the world use PMI’s smoke-free products. The smoke-free business accounted for approximately 38% of PMI’s total first-nine-months 2024 net revenues. With a strong foundation and significant expertise in life sciences, PMI announced in February 2021 its ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to “PMI,” “we”, “our,” and “us” mean Philip Morris International Inc., including its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.
i Set up as a cross-sectional study, the NHNS relies on household interviews of randomly selected participants to acquire information on physical health, dietary habits, and lifestyle choices of Japanese citizens. The NHNS has enabled the annual recording of smoking prevalence in Japan for over half a century (surveys were not conducted during the covid pandemic in 2020 and 2021).
ii Estimated number of IQOS users (June 30, 2024)
View source version on businesswire.com: https://www.businesswire.com/news/home/20241127763854/en/
Contacts
Philip Morris International
David Fraser
T. +41 (0)58 242 4500
E. david.fraser@pmi.com
Rising cyber threats target UAE's financial sector and critical infrastructure in 2025
The UAE has seen a sharp rise in cyber threats in 2024, particularly ransomware attacks, with 34 reported incidents between January and November, up from 27 in all of 2023, according to Acronis Threat Research Unit data. This increase reflects the nation's prominence globally, making it a prime target for cybercriminals aiming to exploit vulnerabilities in finance, telecommunications, government, and critical infrastructure sectors. Additionally, as per the same report, Malware detections have also surged by 65.3%, jumping from 16.05% in 2023 to 26.52% in 2024.
Cybercriminals are increasingly using advanced malware and encryption techniques to attack financial institutions, targeting banks and financial services, and seeking to extort companies or sell stolen data on the dark web. With the cost of data breaches in the Middle East averaging $8.7 million, financial organizations in the UAE are under growing pressure to fortify their cybersecurity measures to protect sensitive data and avoid significant financial and reputational damage.
UAE’s critical infrastructure sectors, including energy, oil, and gas, are also facing heightened risks. Experts predict that cyberattacks on industrial control systems (ICS) and operational technology (OT) could severely disrupt production and lead to major financial losses. “The growing use of smart city technologies and the expansion of IoT in the UAE are increasing the digital attack surface,” said Ziad Nasr, General Manager of Acronis Middle East. “As more devices and systems become interconnected, cybercriminals have greater opportunities to exploit vulnerabilities, potentially essential services.”
The UAE’s strategic geopolitical position further elevates its vulnerability to cyber threats, particularly from nation-state actors. Advanced Persistent Threats (APTs), often targeting government and defense sectors, are expected to intensify in 2025. These groups deploy advanced tactics, such as spear-phishing, to breach critical systems.
Furthermore, the UAE’s strategic geopolitical position makes it a prime target for nation-state actors deploying Advanced Persistent Threats (APTs). These groups often target government and defence sectors, using sophisticated tactics such as spear-phishing to infiltrate critical systems.
In comparison to its regional peers, the UAE leads the Middle East in reported cyber incidents. For example, Saudi Arabia recorded 11 ransomware attacks in 2024, Lebanon saw an increase from 2 to 7, Oman from 3 to 4, and Jordan experienced a decline from 3 to 1. This positions the UAE as the most affected in the region, facing a higher volume and more complex cyber threats than its neighbours.
Phishing attacks are expected to evolve in 2025, with the integration of AI and deepfake technology enabling attackers to convincingly impersonate executives. This will create significant risks through Business Email Compromise (BEC) schemes and other social engineering tactics.
To combat these rising threats, Acronis urges organizations to adopt advanced cybersecurity solutions and strengthen their defenses. This will be crucial for safeguarding the nation’s economic stability and boosting its resilience against the growing tide of cyber risks.
While the UAE may not rank among the top nations globally for cyberattack volume, its position as a regional target is clear. The sophistication and increasing frequency of attacks, augmented by AI, challenge the nation's cybersecurity infrastructure. As the UAE moves toward becoming an ‘AI nation’, it faces both new opportunities and risks, making it essential to adopt comprehensive cybersecurity strategies and foster greater cooperation across sectors to mitigate evolving threats.
About Acronis
Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.
A Swiss company founded in Singapore in 2003, Acronis has 15 offices worldwide and employees in 50+ countries. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses. Learn more at www.acronis.com.
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Contacts
Melwyn Abraham
melwyn@matrixdubai.com
NTT DATA Announces Intent to Acquire Niveus Solutions to Accelerate Global Leadership in Google Cloud
LONDON - Wednesday, 27. November 2024
Niveus Solutions establishes NTT DATA as a top global partner for Google Cloud services, advancing industry-specific AI and cloud capabilities worldwide
(BUSINESS WIRE)--NTT DATA, a global leader in digital business and IT services, today announced it has signed a definitive agreement to acquire Niveus Solutions, a premier cloud engineering company, specializing in Google Cloud Platform (GCP) services. The acquisition accelerates NTT DATA’s strategy to expand its cloud capabilities to meet the global demand for transformative cloud solutions across industries and solidifies the company as a leading global system integrator for Google Cloud.
Once the transaction is closed, Niveus Solutions, an award-winning leader in Google Cloud services, will add 1,000 GCP engineering professionals with expertise in GCP native modernization, data engineering and AI to enhance NTT DATA’s Google Cloud Business Unit.
With deep knowledge across financial services, manufacturing, automotive, retail and logistics, Niveus Solutions supports NTT DATA’s ability to deliver specialized industry cloud platform solutions which enable rapid development of customized use cases. These added capabilities enhance NTT DATA’s ability to address complex client challenges across industries and deliver scalable, secure, industry-specific cloud solutions globally.
“The acquisition of Niveus Solutions will firmly position us as a leading Google Cloud powerhouse, propelling NTT DATA as one of the world’s largest system integrator partners for Google Cloud,” said Charlie Li, Head of Cloud and Security Services, NTT DATA, Inc. “With Niveus Solutions, we are set to redefine possibilities in the AI-driven cloud era, enabling clients to accelerate digital transformations and achieve meaningful business outcomes across industries and geographies.”
Building on NTT DATA’s expanded strategic partnership with Google Cloud
The acquisition will build on NTT DATA’s recently expanded strategic partnership with Google Cloud which is focused on co-innovating data analytics and GenAI solutions for enterprise clients. Through this alliance, NTT DATA and Google Cloud will deliver cloud-based data and AI solutions tailored for industry-specific needs. Leveraging NTT DATA’s proven industry blueprints, best practices and cloud solutions on GCP, the expanded partnership is set to deliver innovative solutions backed by proven implementation expertise.
Niveus Solutions also complements NTT DATA’s dedicated Google Cloud Business Unit, established to deliver industry solutions in data analytics, GenAI and cloud modernization services. Now enhanced with Niveus Solutions’ 1,000 GCP experts, NTT DATA is accelerating its ability to deliver secure, scalable industry-specific solutions on a global scale.
Niveus Solutions has demonstrated proven success with recent accolades including the 2024 Google Cloud ‘Breakthrough Partner of the Year – Asia Pacific’ and ‘India Partner of the Year.’ Building on this momentum, NTT DATA is well positioned to expand its leadership and extend these capabilities globally.
“Niveus Solutions is excited to join forces with NTT DATA. Our team’s dedication to advancing digital transformation on Google Cloud, combined with NTT DATA’s extensive reach and capabilities, strongly positions us to bring modern cloud solutions to new markets to expand the boundaries of cloud innovation,” said Suyog Shetty, CEO and co-founder of Niveus Solutions. “Today’s news accelerates our mission to harness our GCP talent pool globally, tapping into India’s thriving ecosystem of skilled professionals and enhancing our ability to deliver transformative services globally.”
“The Niveus Solutions acquisition significantly advances our Google Cloud partnership and expands our ability to meet the growing demand for AI-powered solutions that drive business growth,” said John Lombard, Chief Executive Officer, NTT DATA, APAC. “With Niveus Solutions, we’re strategically positioned to capitalize on this significant growth opportunity across APAC and beyond.”
Global impact and market leadership
The addition of Niveus Solutions will further establish NTT DATA as a top provider of Google Cloud solutions, deepening the company’s capabilities to help organizations harness the power of GCP-native modernization. According to Gartner, Inc., worldwide end-user spending on public cloud services in 2024 is forecast to total $679 billion and is projected to exceed $1 trillion in 2027.
GenAI deployments across organizations will further fuel the demand, highlighting the importance of today’s news and NTT DATA’s global expertise to support clients’ evolving needs for cloud modernization, AI insights and secure digital transformations.
The transaction is subject to customary closing conditions and is expected to close within the next 30-60 days.
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.
About Niveus Solutions
Niveus Solutions Pvt. Ltd. is a cloud-native engineering services company specializing in Google Cloud technologies. With a team of over 1,000 experts in cloud modernization, data engineering, and AI, we deliver scalable, industry-specific solutions that drive innovation and digital transformation across sectors such as financial services, manufacturing, automotive, retail, and logistics. Recognized as the 2024 Google Cloud Breakthrough Partner of the Year for APAC and the Service Partner of the Year for India, Niveus Solutions is a trusted partner in cloud services. Named a 'Major Contender' in the Everest Group’s Google Cloud PEAK Matrix Assessment 2024, Niveus Solutions is also among India’s Great Places to Work in 2023, reflecting our people-first culture and commitment to innovation and growth. Visit us at niveussolutions.com.
Forward-Looking Statements
This press release contains forward-looking statements concerning NTT DATA and its current expectations and projections about future events and trends affecting its business, including with respect to the acquisition of Niveus Solutions, the business impact of the acquisition of Niveus Solutions and the potential of growth related to digital services. Forward-looking statements should not be read as guarantees of future performance or results, and they involve risks, uncertainties and assumptions. Although NTT DATA makes such statements based on assumptions that it believes to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241126394934/en/
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Contacts
PR Contacts
Lori Bosio
lori.bosio@global.ntt
Simon Kunjappy
simon.kunjappy@global.ntt
Keturah Announces Campaign for Its Developments, Introduces 5-Year Post-Handover Plan
The Exclusive Campaign Runs until 30 December, Offering Limited Units on Sale
Keturah, the revolutionary global luxury wellbeing real estate and hospitality concept has announced the launch of a sales campaign for The Ritz-Carlton Residences, Dubai, Creekside—part of the Keturah Resort—and Keturah Reserve which runs until 30 December.
The campaign offers buyers the opportunity to purchase limited units in both developments with a 5-year post-handover payment plan.
Located within Keturah Resort, the first fully wellness-certified resort in the MENA region, The Ritz-Carlton Residences, Dubai, Creekside comprises 200 residences across seven buildings and 12 mansions, each featuring exclusive yacht berthing for residents. Meanwhile, Keturah Reserve will feature 93 townhouses, 90 villas, 533 units across six apartment block buildings. The project is the first residential development in the Middle East to immerse residents in nature through Bio Living to improve the physical, mental and emotional well-being of its occupants.
In his comments, Talal Moafaq Al Gaddah, Founder and CEO of Keturah, said: “At Keturah, we are redefining luxury living by integrating luxury with wellness, sustainability, and exceptional design. This campaign, with its 5-year post-handover plan, reflects our commitment to making our unique developments more accessible while maintaining the exclusivity and sophistication that our brand stands for.”
Legal Disclaimer
The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.
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Contacts
Khaled Abu Hishme
khaled@cbpr.me
Wednesday, November 27, 2024
Gladiator Summit II Spotlights Innovation, AI, and Bold Leadership for UAE Entrepreneurs
Dubai, United Arab Emirates -
World-renowned speakers share transformative insights to inspire and empower the next wave of entrepreneurial leaders.
It took raw emotion, tears, triumphs, breakthrough ideas, laughter, and stories that moved hearts and minds to uncover the Gladiator Mindset at the 2nd Edition of the Gladiator Summit 2024. A multitude of powerful insights emerged, including challenging participants to rethink their paths to success and purpose: reshaping traditional perceptions, embracing innovative approaches to learning, harnessing and channelling energy effectively, leveraging the transformative power of artificial intelligence, and daring to step beyond comfort zones.
This second edition of the Summit brought over 2000 participants from across the globe and a powerful lineup of 27 global visionaries, entrepreneurs, and thought leaders to inspire, challenge, and transform how individuals feel about leadership, success, and the future of education. The event, five times larger than its debut earlier in 2024, marked a remarkable leap in scale and impact, reflecting the growing resonance of the Gladiator Mindset movement worldwide.
Created by world-renowned entrepreneur and business strategist Dariush Soudi and headlined by luminaries including Vishen Lakhiani, Rene Rodriguez, Mo Gawdat, and Nick Santonastasso, the event became a melting pot of ideas and insights that resonated deeply with attendees from across industries. The conversations ranged from mindset shifts to leveraging energy and attention, providing a roadmap to navigate the evolving challenges of the modern world.
Key Takeaways: Insights from the Experts
The sessions offered participants a roadmap to redefine leadership, purpose, and growth, aligning with the evolving demands of a rapidly changing world.
“The biggest enemy of perfection is comfort,” said Dariush Soudi. “It’s crucial to surround yourself with the right people—those who foster mutual growth and generate value for one another, much like what we’ve seen at this summit. Professionals and entrepreneurs must also be ready to pivot and move swiftly when opportunities arise or when situations demand adaptation. That’s the essence of the Gladiator Mindset: resilience, intentionality, and decisive action.”
Rene Rodriguez, author of WSJ's Best Selling Book, Amplify Your Influence, redefined conventional perceptions of passion, framing it as a journey closely tied to suffering. “Passion is suffering,” he explained. “Compassion means to suffer with someone. When we embrace suffering as part of our journey, it transforms into purpose.” He emphasised the power of storytelling and the significance of attention as a form of influence. “Attention is the most valuable currency—what you do with it defines your legacy.”
Inspirational keynote speaker Nick Santonastasso’s insights revolved around harnessing energy and exposure as tools for success. He illustrated how personal energy dynamics influence outcomes, urging participants to elevate their energy levels to achieve higher performance. His emphasis on the "law of exposure" highlighted how access to new ideas and transformative information can lead to profound personal growth.
Another key theme was the role of artificial intelligence in shaping humanity’s future. Mo Gawdat, former Chief Business Officer at Google [X], highlighted the need for a values-driven approach, stating that while AI offers immense potential, its true impact depends on humanity’s ability to foster meaningful connections and ethical innovation. As he noted, the tools of tomorrow will only serve humanity if a renewed focus on community and collaboration guides them.
Empowering a Region
With SMEs and entrepreneurs forming the backbone of the UAE’s push toward a knowledge-based economy, the Summit delivered a timely message. The event underscored how adopting a growth-oriented and visionary mindset aligns with national strategies, enabling entrepreneurs to contribute meaningfully to their countries’ ambitions.
“The UAE is at the forefront of fostering entrepreneurship, and the Gladiator mindset aligns perfectly with their visions for the future,” said Soudi. “Our success lies in creating an environment of genuine possibilities, where giving takes precedence over hard-selling. This authenticity draws participants from across the globe. The summit isn’t just an event—it’s a transformative movement inspiring business leaders to think boldly and aim higher.”
Looking Ahead
As the curtains closed on the 2nd Edition of the Gladiator Summit, it became clear that the region needs more platforms that bring together diverse voices to inspire and empower. Events like these fuel individual transformation and align with the broader aspirations of the UAE and the Middle East to nurture a generation of innovative, purpose-driven leaders.
The conversations sparked at the Summit will undoubtedly continue to ripple across the region, setting the stage for even greater breakthroughs at Gladiator Summit 2025.
About Gladiator Summit
The Gladiator Summit is a premier, two-day transformative seminar designed to empower and inspire entrepreneurs worldwide. The summit features 27 world-leading speakers and business leaders, offering exclusive access to invaluable lessons on business growth, sales, entrepreneurship, marketing, and personal development. With a focus on actionable insights and industry secrets, attendees will learn from the triumphs and challenges of experts who have transformed industries and impacted millions. This immersive experience promises education, inspiration, and unforgettable entertainment, all aimed at helping participants unlock their full potential and achieve lasting success.
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Contacts
For media inquiries, please contact Hope Founderz –
Tanu Chopra – tanu@hopefounderz.com
Yakult, Lurpak, Sennheiser, BYD, Casio and Spotify Are Among the Global Winners of the 2024-2025 World Branding Awards
(BUSINESS WIRE) -- The 18th edition of the World Branding Awards honoured the success and achievements of some of the World’s Best Brands as National, Regional, and Global Winners. The 2024-2025 World Branding Awards saw over 927 brands from 66 countries nominated as “Brand of the Year.” Of these, less than 100 were declared Winners.
The prestigious Award Ceremony was held at the Tower of London, United Kingdom. It welcomed over 80 guests worldwide and was hosted by acclaimed British television broadcaster, David Croft.
Global winners who proved excellence and impeccable branding in their industry include Yakult (Japan), Lurpak (Denmark), Sennheiser (Germany), Spotify (Sweden), BYD (China), and Heinz (United Kingdom).
National Tier winners include Absolut (Sweden), Airland (Hong Kong), Aurora (Thailand), Bank of Taiwan (Taiwan), Boots (United Kingdom), Café Amazon (Thailand), Farm Fresh (Malaysia), Flimty (Indonesia), GasKita (Indonesia), GIG (Kuwait), Natural Aqua Gel Cure (Japan), King Power (Thailand), Partners (Philippines), Rotiboy (Malaysia), Thai Life Insurance (Thailand), Sukiya (Japan), and VISTRA (Thailand), to name a few.
Just 20 brands were selected to receive the Regional tier award this year, including M-150 (Thailand), Tsui Wah (Hong Kong), Nippon Rent-A-Car (Japan), and MR DIY (Malaysia). These brands were voted as consumers' favourites in 4 or more countries across 3 or more areas in a specific geographic region.
“Winning the Brand of the Year, with 70% of the voting power in the hands of consumers, is a testament to a brand's ability to resonate with its audience. It's recognition that a brand has not only met but exceeded its customers' expectations. It's a badge of honour that signifies a brand's commitment to providing exceptional value, building trust, and creating lasting relationships,” said Mr Richard Rowles, Chairman of the World Branding Forum.
More than 100,000 consumers participated in the nomination process globally this year. On average, there are only 5 winning brands in each country, proving that winning a World Branding Award is a remarkable accomplishment.
For more information and the full list of winners, visit awards.brandingforum.org.
ABOUT WORLD BRANDING AWARDS
The World Branding Awards is the premier awards of the World Branding Forum, a registered non-profit organisation. The awards recognise the achievements of some of the world’s best brands.
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