logo
#

Latest news with #HumanCapital

Bank Nizwa reinforces human capital development with second NANMU program for employees
Bank Nizwa reinforces human capital development with second NANMU program for employees

Zawya

time3 days ago

  • Business
  • Zawya

Bank Nizwa reinforces human capital development with second NANMU program for employees

Muscat: Reaffirming its resolute dedication to nurturing high-caliber talent and cultivating deep-rooted capabilities within the Islamic banking sector, Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has officially launched the second cohort of the NANMU Program – its exclusive Islamic finance program. This program is part of Bank Nizwa's firm and forward-looking strategic approach to developing human capital. The program was developed in collaboration with leading international institutions, including the Islamic International Rating Agency, the International Islamic Financial Market, and the Accounting and Auditing Organization for Islamic Financial Institutions. It was officially launched in the presence of Mr. Khaled Al Kayed, Chief Executive Officer of Bank Nizwa, and Ms. Haifa Al Lawati, Chief Human Resources Officer, along with representatives from the partner institutions awarding the professional certifications. Commenting on the program, Ms. Haifa Al Lawati stated, "True institutional progress is measured not just by profitability, but by how deeply an organization invests in the aspirations of its people. Empowering individuals through knowledge, purpose-driven training is essential to future-proofing organizations and cultivating resilient, values-driven leadership. At Bank Nizwa, our sustained investment in educational initiatives such as NANMU is not merely about organizational growth; it is about unlocking the potential of every individual, advancing their personal and professional ambitions, and contributing to broader socio-economic development. This ethos resonates with Oman's national priorities of capacity-building and inclusive talent development, while also strengthening the intellectual capital base that drives innovation across the Islamic finance sector.' Building on the success and momentum of its inaugural edition, this year's NANMU program welcomes 25 participants embarking on an immersive learning journey designed to equip them with both foundational and advanced expertise in Islamic finance. The comprehensive curriculum spans key thematic areas, including the fundamentals of Islamic banking, Sharia governance and compliance, in-depth product and service frameworks, and critical analyses of industry trends, shifting market dynamics, and evolving regulatory landscapes. Uniquely structured to blend global perspectives with local insights, the program is facilitated by a distinguished panel of international trainers with proven expertise in Islamic finance. Through such educational programs, Bank Nizwa continues to reinforce its position as a pioneer in knowledge-led transformation, thereby empowering its people, enriching the industry, and contributing meaningfully to the nation's growing prominence in Sharia-compliant finance.

UBA Chairman Tony O. Elumelu calls for African governments to prioritize infrastructure & private sector investment
UBA Chairman Tony O. Elumelu calls for African governments to prioritize infrastructure & private sector investment

Zawya

time03-08-2025

  • Business
  • Zawya

UBA Chairman Tony O. Elumelu calls for African governments to prioritize infrastructure & private sector investment

DUBAI, UAE – Tony O. Elumelu, Group Chair of United Bank for Africa (UBA), Heirs Holdings, and Founder of the Tony Elumelu Foundation has challenged African leaders to take decisive action in building a resilient continent while highlighting significant investment opportunities for Global partners including the Gulf in Africa's transformation journey. Delivering the keynote address on "Resilient Infrastructure, Human Capital, and Green Assets" at the 2025 World Bank and IMF African Caucus Meeting of 54 African member countries in Bangui, Central African Republic, Elumelu tasked African leaders with strengthening their continent's foundations while creating pathways for meaningful international partnership. Building Resilient Foundations "Africa's development is our responsibility. No one else will do it for us. Africa's future is in our hands," Elumelu declared, challenging African leaders to strengthen fiscal capacity, drive efficiency, and create enabling environments for international partnerships. The UBA Chairman emphasized that reliable electricity is crucial for Africa's industrial revolution, noting that "no industrial revolution or meaningful progress can occur on the continent without reliable electricity." Youthful Demographics Create Market Potential Elumelu highlighted Africa's demographic advantage as a key opportunity for global investors, noting that over 60% of the continent's population is under 35 years old. "Africa is the youngest continent on earth. Our young people are the answer to the world's demographic crisis, our minerals power the extraordinary technological changes we are experiencing, and our fields can feed the world," he explained. This demographic profile creates substantial market opportunities for global partners in sectors including telecommunications, education technology, financial services, and consumer goods, particularly as the continent builds resilient economic foundations. Framework for Stronger Partnerships Elumelu emphasized that successful partnerships must be built on "genuine partnerships of equality and mutual respect," ensuring African development occurs "on African terms" that benefits African people and catalyzes true value creation across the continent. His message comes as Dubai's trade with Africa is forecast to grow 10% annually over the next five years. This trajectory, combined with his call for resilient infrastructure development, creates compelling opportunities for global partners. UBA's DIFC branch strengthens UAE-Africa financial flows, facilitating trade and investment between the regions. With Africa's GDP expected to reach $2.6 trillion by 2030, strategic infrastructure investments from international partners could unlock significant economic value while supporting sustainable development across the continent. About UBA Group United Bank for Africa Plc (UBA) is a leading pan-African financial institution with operations in 20 African countries and international presence in the USA, UK, France, and UAE. As Africa's Global Bank, UBA connects businesses and investors worldwide to opportunities across the continent. Visit for more information.

DGHR organises ‘Community Change Lab' to advance ‘Year of Community' objectives
DGHR organises ‘Community Change Lab' to advance ‘Year of Community' objectives

Zawya

time22-07-2025

  • Business
  • Zawya

DGHR organises ‘Community Change Lab' to advance ‘Year of Community' objectives

Dubai: Aligning with the declaration of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, designating 2025 as the 'Year of Community', t he Dubai Government Human Resources Department (DGHR), represented by the Strategy and Excellence Department, organised the 'Community Change Lab' initiative. The innovative venture explored proposed mechanisms and solutions to prepare qualified human capital and encourage their participation in both social and institutional ventures, upholding the objectives of the 'Year of Community', aimed at promoting social unity and sustainable development. The lab convened officials from the Community Development Authority, Dubai Women Establishment, and Dubai Sports Council, along with representatives from the private sector and leading experts from various fields. It also facilitated discussions on key themes and showcased high-impact ideas, which can enhance the community's role in fostering integration across diverse social groups. H.E. Abdullah Ali bin Zayed Al Falasi, Director General of the Dubai Government Human Resources Department, commended the productive collaboration among relevant government entities for this venture, which aligns with the objectives of the 'Year of Community' as well as DGHR's vision to establish a cohesive institutional framework that promotes harmony and integration within the government system, ultimately benefiting individuals, institutions, and society. H.E. said: 'The 'Year of Community' represents a national call to strengthen social solidarity and cohesion, while expanding community participation in building a prosperous future. We believe that national talents are key drivers of institutional social change and sustainable development. In line with this vision, we have organised the 'Community Change Lab' initiative to develop innovative, actionable solutions based on community-centric innovation. It can also enhance the resilience of our government institutions, creating an environment that empowers individuals to actively engage and contribute to change, supporting Dubai's forward-looking humanitarian and social agenda. This is why we emphasize the importance of the 'Innovation Club' launched by the department as an open platform for all those involved in innovation and development within government institutions. It plays a vital role in empowering their efforts and ambitions to drive positive change and foster a culture of community-driven innovation, ultimately contributing to sustainable development.' The lab focused on four core themes to help forge a more resilient future that embraces positive transformation, welcomes all segments of society, and affirms the role of individuals in advancing sustainable social development, upholding DGHR's visionary goals. These include the Policies and Systems pillar, aimed at developing inclusive policies and legislation, empowering all segments of society, specifically employees, people of determination, women, retirees, and job seekers, while ensuring the sustainability of social impact; the Empowerment and Capacity Building pillar for designing training programs, which can enhance the skills of target groups, enabling their effective participation in community initiatives and supporting institutional integration. In addition, the Digital Empowerment and Artificial Intelligence pillar explored the role of digital solutions and AI technologies in delivering innovative services that promote inclusion and stimulate engagement. Meanwhile, the Social Participation and Partnerships pillar focused on boosting cooperation between the public and private sectors, as well as the broader community, to launch innovative ventures which can strengthen social integration, empower women, and support people of determination and retirees through sustainable partnerships. The Community Change Lab served as a unique platform to transform strategic visions into tangible initiatives, aligning with DGHR's innovative approach, which prioritises human capital investment as a means to drive sustainable development. Moreover, the entity's ongoing efforts contribute to empowering all segments of society, including women, people of determination, retirees, and job seekers, while fostering active engagement and strengthening social cohesion.

Rune Technologies Closes $24M Series A to Deploy AI-Enabled Software for Military Logistics
Rune Technologies Closes $24M Series A to Deploy AI-Enabled Software for Military Logistics

Yahoo

time21-07-2025

  • Business
  • Yahoo

Rune Technologies Closes $24M Series A to Deploy AI-Enabled Software for Military Logistics

Funding follows increased demand for Rune's flagship product, TyrOS, which transforms how the military tracks, predicts, and manages all aspects of logistics ARLINGTON, Va., July 21, 2025--(BUSINESS WIRE)--Rune Technologies, which is revolutionizing military logistics through AI-enabled predictive software explicitly designed for the modern, contested battlefield, today announced $24 million in Series A funding. The round was led by Human Capital with participation from Pax VC and Washington Harbour Partners, as well as existing investors Andreessen Horowitz, Point72 Ventures, XYZ Venture Capital, and Forward Deployed VC. "Our mission is to bring military logistics sophistication in line with the prowess of our fighting capabilities," said David Tuttle, Co-Founder and CEO of Rune Technologies. "We've seen significant demand from across the services for a product that can replace the whiteboards and spreadsheets that are currently used to track logistics operationally. This investment will allow us to accelerate our deployment of TyrOS to sustainers across the joint force." Rune's TyrOS is built with edge-first architecture that represents a fundamental shift in military logistics technology. Instead of pushing data to distant servers for processing, TyrOS embeds intelligence directly at the tactical level where decisions get made. This bypasses the need for constant connectivity to remote servers and enables systems to operate independently and synchronize when communications are reestablished. "Rune is solving the perennial problem of anticipating, planning and executing military logistics in dynamic, high-tempo and contested environments," explained retired Major General Duane Gamble, former Army G4. "Throughout my 37-year career, military logisticians spent virtually all available time on the science of logistics. TyrOS leverages AI/ML and world-class engineering to do the science, freeing up logisticians and commanders to focus on the art of warfare. It's a game changer." Coming from backgrounds across all branches of the U.S. military, Rune's real-world experience with real-world battlefield conditions grants them a deeper understanding of logistical challenges. By bridging the innovation gap between Silicon Valley and military logistics, Rune deploys engineers alongside warfighters, making code changes based on direct warfighter feedback, at the speed of need. "It's urgent that the Department of Defense keeps modernizing its core systems and software with the best technology available — and that's Rune, automating granular work so logisticians can focus on strategic decisions," says Ross Fubini, Managing Partner at XYZ Venture Capital. "We've invested in Rune twice in just a few months because it's clear they're making huge impact across multiple operational military units, and that this type of transformation is crucial right now." Rune has deployed TyrOS under both U.S. Army and U.S. Marine Corps efforts to date, and will use the increased funding from this round to accelerate these efforts as well as expand into other U.S. military services. The company was also recently selected for the Palantir Startup Fellowship and announced an integration earlier this year with Palantir's Defense OSDK (Ontology Software Development Kit) to enable automated logistics capabilities from the tactical edge to the strategic layer, leveraging open architecture to bring the best capabilities to military logisticians and leaders. This marks Rune's second fundraising round following a seed round announced in February and brings Rune's total funds raised in the past year to over $30 million. About Rune Technologies:Rune Technologies is revolutionizing military logistics through AI-enabled predictive software that operates in contested environments where communications are denied or degraded. Rune's TyrOS platform transforms manual logistics processes into intelligent supply webs that anticipate needs, optimize resources, and enable distributed operations at machine speed—even when supply lines are targeted by near-peer adversaries. Founded by veterans with deep operational experience and Silicon Valley engineering talent, Rune is ensuring military effectiveness through the precise execution of critical logistics operations. For more information, visit View source version on Contacts Media Contact Sam PolsteinRune@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Investment Made By U.S. Small Businesses
Investment Made By U.S. Small Businesses

Forbes

time16-07-2025

  • Business
  • Forbes

Investment Made By U.S. Small Businesses

Education and training are important investments in workers (human capital). However, workers must be paired with physical capital (from shovels to AI computers) to produce the goods and services that consumers want. Small business owners act as 'intermediaries,' bringing capital and labor together in a working partnership. NFIB's June Small Business Economic Trends report found that 50% of small business owners reported making a capital expenditure in the past six months. These included vehicles, equipment, fixtures and furniture, buildings or land, along with improvements to existing buildings or land. Historically, June's level is low, close to the 50-year low of 45% reached after the 2008 recession (Chart 1). The peak of 72% occurred in December 1998, as spending surged in anticipation of the 'Y2K' event, which turned out to be a 'non-event." Actual Capital Outlays. NFIB Small Business Economic Trends. Chart 2 shows the types of expenditures made in June. Thirty-two percent reported purchasing vehicles, ranging from a low of 13% among wholesale businesses to a high of 45% among finance and real estate businesses. Nine percent purchased new equipment, 3% upgraded structures, and 13% acquired new facilities (purchased or leased). Equipment purchases were concentrated in the service and retail industries. Types of Investment by Industry (Bought or Leased). NIFB Small Business Economic Trends. The most frequent spenders were transportation and communication businesses (Chart 3). They also had the highest spending, with 29% reporting outlays of $100,000 or more. Trucks and construction vehicles are expensive! Businesses in the retail, services, and professional services industries were the least active buyers and tended to spend less money when they invested. In general, businesses that 'made stuff' were much more likely to invest and spend more money than service businesses (labor-intensive). Capital Expenditure Amount by Industry. NFIB Small Business Economic Trends. A critical component of gross private domestic investment is the 'change in business inventories.' In simple terms, if General Motors makes a car in the U.S. and sells it, GDP is created as consumption rises. If the car is unsold at the end of the accounting period (year, quarter, or month), then it becomes an inventory investment. When the car is sold in another period, it is a subtraction from GDP because it was already accounted for in GDP through increased inventory investment. Basically, it is an accounting convention, unrelated to real investment spending, but a contributor to volatility in GDP measurement. It is small compared to outlays on plant and equipment and housing. Actual Change in Inventory. NFIB Small Business Economic Trends. Progress is the product of a partnership between capital and labor, the essence of all businesses, big and small. Owners provide the structure and equipment and hire workers to complete the partnership. Good management and qualified workers enhance productivity, the fundamental driver of profits and wages. It's a never-ending process, as the environment is constantly changing. Main Street is where it all starts. Microsoft (et al) didn't just suddenly appear; they were all small businesses on Main Street.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store