VeriSilicon Partners With LVGL to Enable Advanced GPU Acceleration for Wearable Devices and Beyond

 SHANGHAI -

LVGL adds VeriSilicon’s 3D and VGLite 2.5D GPUs support to its library for a wide range of embedded applications

 

(BUSINESS WIRE)--VeriSilicon (688521.SH) today announced a strategic partnership with LVGL, the leading open-source graphics library for embedded systems, to support VeriSilicon’s low-power 3D and VGLite 2.5D GPU technology within the LVGL library. This partnership aims to optimize performance and expand graphic processing capabilities for a wide range of embedded applications. As one of the first providers of 3D GPU technology for the LVGL ecosystem, VeriSilicon will contribute to advancing 3D rendering capabilities within the LVGL library.

LVGL is the most popular free and open-source embedded graphics library to create beautiful User Interfaces (UIs) for any Microcontroller Units (MCUs), Micro Processor Units (MPUs), or display type. By integrating VeriSilicon’s low-power and high-performance GPU solutions into LVGL’s graphics ecosystem, it offers developers the ability to rapidly deliver improved visual experiences, while maintaining power efficiency on compact, resource-constrained devices.

Actions Technology, a low-power AIoT fabless semiconductor company, is among the first to adopt this integrated solution in their smart watch System-on-Chips (SoCs). The company recognizes the potential of VeriSilicon’s low-power GPU technology, which, in conjunction with LVGL’s graphics library, will enhance the user experience of next-generation wearable devices.

Gabor Kiss-Vamosi, CEO of LVGL, said, “VeriSilicon’s VGLite 2.5D GPU technology has pioneered a new era in the embedded world, enabling complex vector graphics with exceptional speed and low power consumption. Now, we stand at the edge of a new revolution: the arrival of 3D GPUs to MCUs. This breakthrough will transform the embedded UI landscape, unlocking never-before-seen possibilities for user interfaces on small, resource-constrained, and battery-powered devices. At LVGL, we are excited to embrace this technology and harness its potential across a wide range of platforms. Our goal is to provide a great developer experience for VeriSilicon’s 3D GPUs, enabling seamless integration of 2D, 2.5D, and 3D content that will no doubt lead to some remarkable embedded applications.”

Tim Zhang, Wearable and Sensing Business Unit General Manager of Actions Technology, said, “LVGL’s flexible and powerful graphics solutions are essential to enhance the user interfaces of our wearable products. As the wearable industry embraces 3D graphics, the adoption of VeriSilicon’s powerful and energy-efficient technologies enables us to push the boundaries of innovation, delivering rich 3D graphics with low power consumption.”

“Wearable products are experiencing rapid growth, offering extended functionalities that go far beyond traditional watches. They have evolved into accessible information devices with integrated health monitoring features,” said Weijin Dai, Executive Vice President and General Manager of VeriSilicon’s IP Division. “With this growth, delivering a powerful user interface to effectively communicate information on small displays, while maintaining low power consumption, has become essential. At VeriSilicon, we work closely with our customers to integrate 3D GPU technology into their next-generation products. As a leading provider of wearable GPUs for both 2.5D and 3D applications, we collaborate with LVGL and partners like Actions to drive innovation and achieve this mission.”

About LVGL

LVGL Kft. is the creator of LVGL, the leading free and open-source graphics library for embedded systems, enabling high-quality UIs on any Microcontroller Unit (MCU), Micro Processor Unit (MPU), or display type. With a global community and industry partnerships, LVGL empowers developers to build visually rich, responsive, and efficient UIs for resource-constrained devices from wearables to industrial equipment. For more information, visit www.lvgl.io.

About Actions Technology

Actions Technology (688049.SH) is a leading low-power AIoT fabless semiconductor company in China. We excel in providing high-quality and low-latency wireless audio experiences while prioritizing power efficiency. Our core expertise includes high-performance audio ADC/DAC, voice pre-processing, audio encoding/decoding, and audio post-processing technologies, enabling a superior audio signal chain. Additionally, we specialize in low-latency wireless connectivity with Bluetooth RF, baseband, and protocol stack technologies at the core. For more information about Actions® high-quality, low-latency platform, visit www.actionstech.com.

About VeriSilicon

VeriSilicon is committed to providing customers with platform-based, all-around, one-stop custom silicon services and semiconductor IP licensing services leveraging its in-house semiconductor IP. For more information, please visit: www.verisilicon.com.

 

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Media Contact:

press@verisilicon.com

28th World Investment Conference in Riyadh Concludes with Calls for International Collaboration, Innovation, and Sustainability.

 Riyadh, Saudi Arabia - Thursday, 28. November 2024 AETOSWire Print 

International collaboration, innovation and sustainability were the key themes of the 28th World Investment Conference (WIC28), hosted by Invest Saudi and the World Association of International Promotion Agencies (WAIPA) that concluded in Riyadh this week.

Commenting on the success of the event, H.E. Khalid A. Al-Falih, Saudi Minister of Investment said, "This event was held under the auspicious patronage of His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud to whom we extend our deepest gratitude for his visionary leadership and unwavering support.

“Over the past three days, we discussed the critical challenges facing global investment and reviewed  the boundless opportunities that investment offers. From the robust discussions on harnessing digital transformation and sustainable growth to the landmark agreements announced under Saudi Arabia’s Global Supply Chain Resilience Initiative, WIC28 has reaffirmed our collective commitment to shaping a future defined by collaboration, innovation, and resilience.

"Guided by the principles of Vision 2030, Saudi Arabia has emerged as a global economic growth leader, fostering partnerships that transcend borders and sectors. Together, we have showcased the power of strategic alliances, localized value chains, and cutting-edge technologies to drive meaningful economic impact.

“I extend my thanks to the World Association of Investment Promotion Agencies for partnering with us in hosting this event and I am confident that the insights, connections, and agreements forged here will resonate far beyond this event, inspiring transformative investments and sustainable growth across the globe."

Across three days, WIC28, under the theme of “Harnessing Digital Transformation and Sustainable Growth”,  addressed challenges and opportunities that included digital transformation, sustainability, and localized value chains. The conference highlighted Saudi Arabia’s Vision 2030 as a transformative framework for aligning global partnerships, technological innovation, and sustainable development.

H.E. Bandar Ibrahim Alkhorayef, Saudi Minister of Industry and Mineral Resources, speaking on the ‘Strategic Alliances: Leveraging Partnerships for Investment Success’ panel on Day 3 underscored the Kingdom’s commitment to fostering global partnerships, stating: “It has been part of how we design most of the activities that we plan and are executing today.”

He told his panel: “The question about international collaboration is not whether to do it but how to do it, and where to find the right attractive concepts that make it interesting for different parties to collaborate and connect.”

Saudi Arabia’s incentives, he noted, include its advanced infrastructure – both digital and physical – focused on manufacturing, supply chain, and logistics, which enable investors to reduce costs significantly. “And we have approved three economic zones, offering additional benefits for those targeting not only the local market but also the global market,” he added.

Other sessions at the event included the ‘Bridging Borders’ discussion, which focused on transparent collaboration and regulatory cohesion, while ‘To Finish First, First You Have to Finish’ examined operational excellence in Investment Promotion Agencies (IPAs), emphasizing governance, efficiency, and leveraging technology to enhance investor experiences. Meanwhile, ‘Ready, Set, Go’ delved into Saudi Arabia’s efforts to attract investments in specialized industries, particularly advanced manufacturing and renewable energy, by showcasing the Kingdom’s competitive advantages.

The event was held 25-27 November in Riyadh, Saudi Arabia. It is yet to be decided where the next edition will be held.

About WIC: https://waipa.org/wic-info

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Leading Travel Marketplace Wingie Unveils Key Destinations Before 2025

 

DUBAI, United Arab Emirates and RIYADH, Saudi Arabia, Nov. 28, 2024 (GLOBE NEWSWIRE) -- WINGIE has revealed its list of key destinations for travelers seeking memorable experiences before 2025. Drawing insights from its vast user base, WINGIE, the leading travel marketplace in the MENA region, highlights some of the most sought-after locations that promise exceptional cultural, historical, and natural allure.

Riyadh, Saudi Arabia

Riyadh in December offers a unique experience as the city hosts Riyadh Season, a celebration of culture, entertainment, and food. Visitors can enjoy concerts, performances, outdoor festivals, local markets, themed events, and famous landmarks, which add to the city’s charm. Flights to Riyadh start from 80 USD, making it an ideal destination for cultural exploration and seasonal festivities.

London, United Kingdom

London remains a popular choice for travelers worldwide, particularly in winter. Home to iconic landmarks such as the Tower of London and Buckingham Palace, the city offers a variety of experiences to explore. Its unique blend of culture and seasonal festivities makes it an ideal destination to visit before the new year. Flights to London start from 182 USD, allowing travelers to explore the city during the holiday season.

Istanbul, Türkiye

Visiting Istanbul in winter offers a unique and delightful experience. The city is much less crowded, allowing visitors to explore iconic attractions like the Hagia Sophia and Topkapı Palace. Despite the mild winter weather, the city's charm remains, providing a comfortable atmosphere for sightseeing and exploring historic sites. Flights to Istanbul start from 76 USD, making December the perfect time for a budget-friendly yet authentic experience of this multicultural city.

About Wingie Enuygun Group

Wingie Enuygun Group is a leading travel marketplace in the MENA region, specializing in flights through its platforms wingie.com, sa.wingie.com, wingie.ae and enuygun.com. The company offers a comprehensive range of travel products including flights, hotels, rental cars and bus tickets. Recognized for its innovation, Wingie Enuygun Group is at the forefront of the MENA online travel space, pioneering technological advancements and driving digital transformation within the industry.

Wingie leverages advanced AI technology to provide a seamless user experience, featuring virtual interlining for flights and a diverse array of airline tickets and travel content. The platform is available in six languages, employs over 400 people, and attracts approximately 200 million visitors annually, reaffirming its position as a premier choice for travelers.

Contact: marketing@wingie.com

Copyright © 2024 GlobeNewswire, Inc.

amana Introduces amanainvest: A Zero-Fee Solution for Effortless, Automated Wealth Building

 

DUBAI, United Arab Emirates, Nov. 28, 2024 (GLOBE NEWSWIRE) -- amana, a leading neobroker in the MENA region, introduces amanainvest, an automated wealth-building product designed for all experience levels. It allows clients to invest effortlessly in line with individual financial goals and risk preferences in a true ‘set it and forget it’ model. With zero management or subscription fees, amanainvest sets a new standard in the MENA investment landscape, ensuring that every dollar invested directly benefits the client.

With amanainvest, whether you're a first-time investor or a seasoned trader, you can start building your wealth immediately and without complexity. amanainvest offers options tailored to every investment strategy, including:

• Pre-built plans with curated portfolios organized by asset class or risk level.
• Customizable plans that allow investors to modify existing plans to align with personal financial goals.
• Build-Your-Own plans enabling users to create a unique portfolio with up to 20 assets, including stocks, ETFs, and crypto.
  

With its range of flexible plans and straightforward management, amanainvest offers the control, convenience, and customization that all modern investors need.

“Our mission is to make investing accessible and seamless,” said Muhammad Rasoul, CEO of amana. “With amanainvest, clients benefit from sophisticated but simplified tools that keep investing easy, automated, transparent, and rewarding—and entirely free of fees. This launch strengthens our position as the go-to partner for investment and trading in the MENA region.”

Key benefits of amanainvest include:

• Zero fees: No management, subscription, or exit fees—100% of returns go to the investor.
• Flexible recurring deposits: Choose from weekly, monthly, or one-time options with no lockup periods.
• Pause or adjust anytime: Investors retain complete control over their funds.
• Sharia-compliant choices: Accessible investment options to suit diverse needs.

amanainvest is an extension of amana’s mission to democratize access to financial markets. By launching amanainvest, amana cements its role as a trusted broker with one of the most comprehensive ranges of investment and trading solutions in the MENA region.

Explore amanainvest at www.amana.app.

About amana

amana is a leading neobroker. It provides retail investors and active traders with direct access to the global financial markets, serving clients across MENA. It operates multiple offices across Dubai, London, Limassol, and Beirut.

CONTACT: Contact: Karolina Slowikowska, Director of Communications, at karolina.slowikowska@amanacapital.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fdbeac6a-7775-4c95-9185-eed801037881

Copyright © 2024 GlobeNewswire, Inc.

Galderma’s Phase III OLYMPIA 1 Data Published in JAMA Dermatology Demonstrate That Nemolizumab Improves Core Signs and Symptoms of Prurigo Nodularis

 ZUG, Switzerland - Thursday, 28. November 2024

Full results from the phase III OLYMPIA 1 trial evaluating the efficacy and safety of nemolizumab in adults with moderate-to-severe prurigo nodularis have been published in JAMA Dermatology, showing the trial met all primary and key secondary endpoints1

Data were consistent with OLYMPIA 2 trial results, reinforcing the potential of nemolizumab monotherapy to demonstrate rapid and sustained improvements in core signs and symptoms of prurigo nodularis: skin lesions, itch and sleep disturbance – at Week 16 and Week 241,2

In the OLYMPIA 1 trial, a significantly higher proportion of nemolizumab-treated patients achieved an itch-free or nearly itch-free state as early as Week 4 compared to those receiving placebo1

Nemolizumab is a first-in-class monoclonal antibody that specifically targets IL-31 receptor alpha, inhibiting the signaling of IL-31. IL-31 is a neuroimmune cytokine that is known to drive key signs and symptoms of prurigo nodularis3,4

 

(BUSINESS WIRE)--Galderma (SWX:GALD) today announced that full results from the phase III OLYMPIA 1 trial, a 24-week study which evaluated the efficacy and safety of nemolizumab monotherapy in adults with moderate-to-severe prurigo nodularis, were published in JAMA Dermatology.1 The trial met both primary and all key secondary endpoints, showing that nemolizumab-treated patients had significantly higher improvements in itch and skin lesions when compared to those receiving placebo at Week 16, with a rapid and clinically meaningful response on itch and sleep disturbance observed as early as Week 4.1 Nemolizumab was well-tolerated, and its safety profile was generally consistent with previous studies.1

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241127699136/en/

 

“These results, alongside the OLYMPIA 2 trial data, formed the basis of nemolizumab’s recent U.S. Food and Drug Administration approval for the treatment of adults with prurigo nodularis. They demonstrate the potential of this treatment to rapidly and significantly provide relief from the most burdensome symptom for people with prurigo nodularis – itch. We are committed to bringing this treatment option to patients in other parts of the world as soon as possible.”

 

BALDO SCASSELLATI SFORZOLINI, M.D., Ph.D.

GLOBAL HEAD OF R&D

GALDERMA

 

The phase III OLYMPIA 1 trial enrolled 286 adult patients with moderate-to-severe prurigo nodularis.1,5 Results demonstrated that patients treated with nemolizumab monotherapy (without background topical corticosteroids or topical calcineurin inhibitors) showed clinically meaningful and statistically significant improvements in both primary endpoints, compared to placebo.1 After 16 weeks of treatment, more than three times as many nemolizumab-treated patients:1

Achieved an at least four-point improvement in itch intensity, as measured by the peak-pruritus numerical rating scale (PP-NRS), when compared to the placebo group (58.4% vs 16.7%; P<0.001).

Reached clearance or almost-clearance of skin lesions, when assessed using the investigator’s global assessment (score of 0 or 1 and a ≥2-point improvement from baseline), compared to the placebo group (26.3% vs 7.3%; P<0.01).

The trial also met all key secondary endpoints confirming rapid responses on itch and sleep disturbance as early as Week 4:1

More than six times as many nemolizumab-treated patients achieved itch response when compared to the placebo group (41.1% vs 6.3%; P<0.001), as measured by a four-point or greater reduction in PP-NRS score.

More than twenty times as many nemolizumab-treated patients achieved a PP-NRS score of less than two, when compared to the placebo group (21.6% vs 1.0%; P<0.001). Results improved through to Week 16 (34.2% vs 4.2%; P<0.001).

Almost six times as many nemolizumab-treated patients demonstrated a four-point improvement in sleep disturbance, as measured by the sleep disturbance numerical rating scale, when compared to the placebo group (31.1% vs 5.2%; P<0.001). Results improved through to Week 16 (50.0% vs 11.5%; P<0.001).

These full results reinforce previous findings from the phase III OLYMPIA 2 trial, published in the New England Journal of Medicine, which demonstrated that nemolizumab rapidly and significantly improved itch and skin lesions in patients with prurigo nodularis, with clinically meaningful responses on itch observed as early as Week 4.2 The OLYMPIA trial program is the largest phase III program in prurigo nodularis completed to date, and the only one to include an open-label, long-term extension study.5-7

 

“The full phase III OLYMPIA 1 trial results add to the extensive body of evidence supporting nemolizumab’s potential to significantly and safely improve some of the most debilitating symptoms for people with prurigo nodularis – chronic itch, skin nodules, and poor sleep quality – which can be all consuming and have a knock-on effect on patients’ overall quality of life and mental health.”

 

PROF. SONJA STÄNDER

LEAD INVESTIGATOR AND PROFESSOR, DERMATOLOGY

UNIVERSITY HOSPITAL MüNSTER, GERMANY

 

Based on data from the OLYMPIA clinical trial program, nemolizumab has been approved by the U.S. Food and Drug Administration for the treatment of adults with prurigo nodularis under the name Nemluvio®.8 Galderma also has marketing authorization applications for nemolizumab in both prurigo nodularis and atopic dermatitis under review by multiple additional regulatory authorities, including the European Medicines Agency and via the Access Consortium framework in countries such as Australia, Singapore, and Switzerland, as well as Canada, Brazil, and South Korea.9,10 Submissions to regulatory authorities in additional countries are ongoing.

Media can find more information about prurigo nodularis in this media toolkit.

About prurigo nodularis

Prurigo nodularis is a chronic, debilitating, and distinct neuroimmune skin disease characterized by the presence of intense itch and thick skin nodules covering large body areas.11 It is an underrecognized and underdiagnosed skin condition, and while there are limited studies investigating its prevalence, current estimates indicate that up to 181,000 people are living with prurigo nodularis in the United States.4,12-14 The majority of patients report that the persistent itch negatively impacts their quality of life.15 Furthermore, the intense itch associated with prurigo nodularis results in significant sleep disturbance and further contributes to reduced quality of life.16,17

About nemolizumab

Nemolizumab is a monoclonal antibody developed by Galderma. Under the name Nemluvio®, it was approved by the U.S. Food and Drug Administration (FDA) for the treatment of prurigo nodularis in adults in August 2024, becoming the first approved monoclonal antibody specifically inhibiting the signaling of IL-31, a neuroimmune cytokine that drives multiple disease mechanisms in prurigo nodularis.3,4,8

The U.S. FDA has also accepted for review Galderma’s Biologics License Application for nemolizumab for the treatment of adolescents and adults with moderate-to-severe atopic dermatitis, with a decision expected by the end of the year.10 Galderma also has marketing authorization applications for nemolizumab in both prurigo nodularis and atopic dermatitis under review by multiple additional regulatory authorities, including the European Medicines Agency and via the Access Consortium framework in countries such as Australia, Singapore, and Switzerland, as well as in Canada, Brazil, and South Korea.9,10

Nemolizumab was initially developed by Chugai Pharmaceutical Co., Ltd., and subsequently licensed to Galderma in 2016 – worldwide except Japan and Taiwan. In Japan, nemolizumab is marketed as Mitchga® and is approved for the treatment of prurigo nodularis, as well as pruritus associated with atopic dermatitis in pediatric, adolescent, and adult patients.18,19

About the OLYMPIA 1 trial

OLYMPIA 1 was a randomized, double-blind, placebo-controlled phase III clinical trial designed to assess the efficacy and safety of nemolizumab monotherapy compared with placebo in patients aged at least 18 years with prurigo nodularis over a 24-week treatment period.1 OLYMPIA 1 included 286 patients with moderate-to-severe prurigo nodularis.1,5

About Galderma

Galderma (SIX: GALD) is the pure-play dermatology category leader, present in approximately 90 countries. We deliver an innovative, science-based portfolio of premium flagship brands and services that span the full spectrum of the fast-growing dermatology market through Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology. Since our foundation in 1981, we have dedicated our focus and passion to the human body’s largest organ – the skin – meeting individual consumer and patient needs with superior outcomes in partnership with healthcare professionals. Because we understand that the skin we are in shapes our lives, we are advancing dermatology for every skin story. For more information: www.galderma.com.

References:

1. Ständer S, et al. Nemolizumab in Patients with Moderate-to-Severe Prurigo Nodularis: A Randomized Controlled Phase 3 Trial. JAMA Derm. 2024;160. doi: 10.1001/jamadermatol.2024.4796

2. Kwatra SG, et al. Phase 3 trial of nemolizumab in patients with prurigo nodularis. N Engl J Med. 2023;389:1579-89. doi: 10.1056/NEJMoa2301333

3. Ständer S, et al. Trial of nemolizumab in moderate-to-severe prurigo nodularis. N Engl J Med. 2020; 382:706-716. doi:10.1056/NEJMoa1908316

4. Bewley A, et al. Prurigo Nodularis: A Review of IL-31RA Blockade and Other Potential Treatments. Dermatol Ther (Heidelb). 2022;12(9):2039–2048. doi: 10.1007/s13555- 022-00782-2

5. ClinicalTrials.Gov. A Study to Assess the Efficacy and Safety of Nemolizumab (CD14152) in Participants With Prurigo Nodularis (PN). Available online. Last accessed: September 2024

6. ClinicalTrials.Gov. A Study to Assess the Efficacy and Safety of Nemolizumab (CD14152) in Participants With Prurigo Nodularis (PN). Available online. Last accessed: September 2024

7. ClinicalTrials.Gov. A Long-term Study of Nemolizumab (CD14152) in Participants With Prurigo Nodularis (PN). Available online. Last accessed September 2024

8. Galderma. Galderma receives U.S. FDA approval for Nemluvio® (nemolizumab) for adult patients living with prurigo nodularis. Available online. Last accessed: September 2024

9. Galderma. Galderma receives filing acceptances for nemolizumab in prurigo nodularis and atopic dermatitis in four additional countries. Available online. Last accessed: September 2024

10. Galderma. Galderma announces regulatory filing acceptance for nemolizumab in prurigo nodularis and atopic dermatitis in the U.S. and EU. Available online. Last accessed: September 2024

11. Pereira MP, et al. European Academy of Dermatology and Venereology European prurigo project: expert consensus on the definition, classification and terminology of chronic prurigo. J Eur Acad Dermatol Venereol. 2018;32(7):1059-1065. doi: 10.1111/jdv.14570

12. Kwatra SG, et al. Prevalence of prurigo nodularis in the United States. J Am Acad Dermatol Int. 2024. doi: 10.1016/j.jdin.2023.12.013

13. Ständer S, et al. Prevalence of prurigo nodularis in the United States of America: A retrospective database analysis. J Am Acad Dermatol Int. 2021;2:28-30. doi: 10.1016/j.jdin.2020.10.009

14. Huang AH, et al. Real-world prevalence of prurigo nodularis and burden of associated diseases. J Invest Dermatol. 2020;140(2):480-483.e4. doi: 10.1016/j.jid.2019.07.697

15. Todberg T, et al. Treatment and burden of disease in a cohort of patients with prurigo nodularis: a survey-based study. Acta Derm Venereol. 2020;100(8):adv00119. doi: 10.2340/00015555-3471

16. Kwatra SG. Breaking the itch–scratch cycle in prurigo nodularis. N Engl J Med. 2020;382(8):757-758. doi: 10.1056/NEJMe1916733

17. Aggarwal P, et al. Clinical characteristics and disease burden in prurigo nodularis. Clin Exp Dermatol. 2021;46(7):1277-1284. doi: 10.1111/ced.14722

18. Chugai Pharmaceutical Co., Ltd. Maruho Obtained Regulatory Approval for Mitchga, the first Antibody Targeting IL-31 for Itching Associated with Atopic Dermatitis. Available online. Last accessed September 2024

19. Chugai Pharmaceutical Co., Ltd. Mitchga Approved for Itching in Pediatric Atopic Dermatitis and Prurigo Nodularis, for its Subcutaneous Injection 30mg Vials. Available online. Last accessed September 2024

 

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Contacts

 

For further information:

Christian Marcoux, M.Sc.

Chief Communications Officer

christian.marcoux@galderma.com

+41 76 315 26 50

Emil Ivanov

Head of Strategy, Investor Relations, and ESG

emil.ivanov@galderma.com

+41 21 642 78 12

Sébastien Cros

Corporate Communications Director

sebastien.cros@galderma.com

+41 79 529 59 85

Jessica Cohen

Investor Relations and Strategy Director

jessica.cohen@galderma.com

+41 21 642 76 43

MAG Group Holding Real Estate Portfolio Reaches USD 11.9 Billion

  Dubai, United Arab Emirates - Thursday, 28. November 2024 AETOSWire

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)

 

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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

  Dubai, United Arab Emirates - Tuesday, 26. November 2024 AETOSWire

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.

 

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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

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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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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Email: editorial@brandingforum.org