Aster Hospital redefines healthcare with blockchain and AI-driven innovation
"@BeamSec's AI-first approach represents more than just innovation—it's a necessary evolution in how organisations prepare, respond, and stay ahead".
Learn more about this GISEC showcase below.
https://www.tahawultech.com/industry/technology/beamsec-launches-mailx-at-gisec-2025/
#BeamSec #tahawultech #GISEC2025
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Khaleej Times
an hour ago
- Khaleej Times
From Jordan to UAE: How startup provides energy access to refugees
A Dubai-based technology start-up is helping power refugee camps in Jordan. Smart Eye Global is supporting the Azraq Refugee Camp, which faced severe electricity shortages, with a smart system that increased the electricity access from eight hours to 24 hours daily for over 1,000 residents. Energy waste was reduced by 47 percent, saving aid agencies over $50,000 annually in fuel costs. 'We implemented an advanced AI-powered Smart Energy Management System (EMS) to transform energy access and efficiency in the camp,' said Omar Asaad, co-founder and chairperson of Smart Eye Global. 'Environmentally, the system cut CO₂ emissions by 97.2 tonnes per year, equivalent to planting 2,500 trees. Socially, the impact included improved health and food safety, reduced tensions through fair energy distribution, and the creation of over 30 technical jobs for youth within the camp.' The EMS featured smart meters for real-time consumption monitoring and a dynamic load control to prioritise essential appliances like lighting and refrigeration. It also had a 'fair-share algorithm' to ensure equitable energy distribution across households. The system was integrated with solar-diesel hybrid technology to reduce dependency on costly diesel generators. Smart Eye has also partnered with the World Food Programme (WFP), to install smart solar systems in 350 refugee homes in Northern Jordan. The company also has an ongoing smart water project across 40 public schools in the area that uses sensors and AI to detect leaks and optimise usage, aiming to cut water waste by up to 35 percent and improve hygiene for over 10,000 students. Coming to the UAE Originally founded in Jordan, Smart Eye Global was selected as part of Cohort 9 of the Mohammed Bin Rashid Innovation Fund (MBRIF) Innovation Accelerator program earlier this year. This enabled the group to shift to the UAE and scale its impact. 'We chose to set up an office here because the UAE is a strategic hub for clean technology, investment, and global partnerships,' said Omar. 'There is also a growing demand for smart energy solutions among manufacturers, real estate developers, and government entities.' He added that the company is also seeing 'strong opportunities' in the education and green building sectors, where we aim to support retrofitting efforts in schools, universities, and residential complexes. 'The UAE also offers a scalable platform to expand across the Gulf, thanks to its robust innovation ecosystem and sustainability goals,' he said. Pilot projects In the UAE, the company is working on providing AI-powered EMS and sustainability solutions that help industrial, commercial, and residential sectors cut energy waste and reduce carbon emissions in a smart, cost-effective way. 'We have already carried out successful pilot projects in the UAE, including energy audits and EMS deployments for industrial partners like IFFCO, where we helped improve operational efficiency,' he said. 'With support from MBRIF, we are planning to retrofit over 10 educational and commercial buildings with our EMS in 2025. We also aim to support public-private partnerships that enhance grid resilience and lower energy costs across the UAE.' In addition to this, the company is also working on some regional projects. In Oman, the group is part of the Omantel Innovation Labs accelerator and is preparing to launch their first energy efficiency pilots in industrial zones and smart buildings. 'We are also working with NGOs and local governments to deploy modular solar and EMS systems in underserved regions, especially in East and West Africa,' he said. 'These solutions will help provide 24/7 electricity to off-grid schools and health centers.'
Gulf Today
2 hours ago
- Gulf Today
Asian equities see largest monthly foreign inflow in 15 months
Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher US tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region. The inflows marked a sharp reversal after four consecutive months of net foreign selling. According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024. US President Donald Trump's announcement of reciprocal tariffs in early April stoked concerns over the impact on Asian exports, exporter margins, and regional supply chains, but a subsequent 90-day pause for most countries later in the month helped ease investor fears and revive interest in regional assets. Goldman Sachs said it has revised its earnings growth forecast for MSCI Asia Pacific ex-Japan (MXAPJ) to 9 per cent for both 2025 and 2026, raising estimates by 2 and 1 percentage points, respectively, citing stronger macro growth in China and US-exposed markets. The upgrade was also supported by $600 billion in AI-related investments from Saudi Arabia to US firms, which are expected to benefit Taiwan and Korea, though the impact may be partially offset by a weaker dollar, the brokerage said. Taiwan equities witnessed $7.28 billion worth of foreign inflows, the largest monthly cross-border net purchase since November 2023. Foreigners also acquired a significant $2.34 billion worth of Indian stocks in their largest monthly net purchase since September 2024. South Korean, Indonesian and Philippine stocks also saw foreign inflows worth a net $885 million, $338 million and $290 million, respectively, while Thai stocks suffered $491 million of net selling. Despite heightened market volatility in the first half of the year driven by concerns over President Trump's trade policies, the MSCI Asia-Pacific Index has risen about 8.8 per cent year-to-date, outperforming both the MSCI World Index, which is up 5.4 per cent, and the S&P 500 Index, which has gained 0.98 per cent. Asian currencies were steady on Friday and poised for weekly gains after a phone call between US President Donald Trump and Chinese leader Xi Jinping signalled further trade talks, while most regional equities tracked Wall Street's overnight losses. In India, equities reversed course to rise 0.9 per cent after the Reserve Bank of India delivered a larger-than-expected cut to its key repo rate and lowered the cash reserve ratio to bolster economic growth. 'The RBI may have decided to move quickly to a more appropriate policy rate level. A shift towards neutral stance means more rate cuts may be unlikely in the near-term,' Jeff Ng, Head of Asia Macro Strategy at SMBC, said. The rupee inched up 0.1 per cent to 85.74 per dollar. Other regional currencies moved within a narrow band. The Thai baht and Singapore dollar were largely flat but were on track for weekly gains of 0.5 per cent and 0.4 per cent, respectively. The Malaysian ringgit was up nearly 0.6 per cent for the week. MSCI's index of emerging market currencies was flat after touching an all-time high on Thursday. The index is up 0.5 per cent for the week. The dollar index was little changed, after hitting a six-week low on Thursday, and was headed for a weekly loss of 0.5 per cent. Trump's erratic tariff moves and a worsening US fiscal outlook have triggered a flight from the dollar, prompting analysts to expect most emerging market currencies will retain or build on their gains over the next six months. In their closely watched hour-long phone call on Thursday, Xi pressed Trump to ease trade tensions that have rattled the global economy and warned against provocative moves on Taiwan, according to a summary released by the Chinese government. But Trump said on social media that the talks, focused primarily on trade, led to 'a very positive conclusion'. 'The talks look positive, and coupled with Federal Reserve rate cut expectations due to weak US data, might lead to further USD softening,' said Saktiandi Supaat, Head of FX research at Maybank. Markets are now bracing for the US jobs and non-farm payrolls report due later in the day, with concerns that a downside surprise could stoke stagflation fears and boost pressure on the Federal Reserve to quickly ease policy. Reuters
The National
5 hours ago
- The National
Syria receives major wave of investments in six months since Assad's fall
Syria has attracted growing international investment and aid commitments in the six months since the fall of the regime of former president Bashar Al Assad, as the country seeks to rebuild its shattered economy. This rapid influx of investment marks a stark contrast to the years of economic decline and isolation that defined the country's post-2011 era. Since Mr Al Assad's departure last December, investors from across the region and beyond have started to take a stake in Syria's post-conflict recovery. Qatar, Saudi Arabia and the UAE were among the first nations to endorse the country's new leadership, with President Ahmad Al Shara invited to visit all three countries a handful of times since he took office in a bid to secure economic support. Major commitments include a $7 billion energy infrastructure deal led by Qatar's UCC Holding, a $6.5 billion aid pledge from international donors and an $800 million port development agreement with Dubai-based DP World. Half a century of recovery Despite the momentum, Syria's reconstruction needs range between $400 billion, according to the World Bank, and $1 trillion, as estimated by Mohammad Al-Shaar, Syria's Minister of Economy and Industry, last month. In February 2025, the UNDP published a report in which it estimated that Syria's economy could take half a century to recover to prewar levels. Before the 2011 uprising, Syria's economy was valued at $67.5 billion, ranking 68th globally and comparable to economies like Paraguay and Slovenia according to the World Bank. By 2023, however, years of conflict and sanctions had reduced the country's gross domestic product by 85 per cent to just $9 billion, placing it 129th in the global rankings. Between 2000 and 2010, Syria enjoyed steady economic growth averaging 4.5 per cent annually, with inflation below 5 per cent. At its peak, nominal GDP reached $60 billion, and the average income per member of the population approached $3,000. People power Despite the investments and interest, a key challenge will be getting the country workforce-ready. The prolonged war in Syria has displaced millions, with more than 6.2 million Syrians registered as refugees, and an additional 7.2 million internally displaced. This mass displacement has resulted in a substantial reduction in the available labour force, particularly in critical sectors such as construction and health care. A significant portion of the population has also experienced disruptions in education and vocational training, leading to a skills gap that hampers reconstruction efforts. To address these challenges, new initiatives like cash-for-work programmes have been introduced. These programmes aim to provide immediate employment opportunities while simultaneously rebuilding essential infrastructure. They also offer on-the-job training, helping to bridge the skills gap and empower communities to participate actively in the nation's recovery.
