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Start Equity Ventures and Red Sea Global Sign Strategic MoU to Accelerate Innovation and Investment Across Saudi's Emerging Tech Ecosystem
Start Equity Ventures and Red Sea Global Sign Strategic MoU to Accelerate Innovation and Investment Across Saudi's Emerging Tech Ecosystem

Yahoo

time3 days ago

  • Business
  • Yahoo

Start Equity Ventures and Red Sea Global Sign Strategic MoU to Accelerate Innovation and Investment Across Saudi's Emerging Tech Ecosystem

RIYADH, Saudi Arabia, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Start Equity Ventures, a Washington, DC based venture capital and innovation platform, has signed a strategic Memorandum of Understanding (MoU) with Red Sea Global's Technology Department under its Innovation and Partnerships Division. The partnership aims to identify, support, and scale pioneering startups through collaborative pilots, co-investments, and long-term ecosystem development in Saudi Arabia. The MoU lays the foundation for joint efforts in advancing smart city technologies, artificial intelligence, and regenerative tourism solutions. By aligning on shared objectives, Start Equity Ventures and Red Sea Global will help high-impact startups transition from proof-of-concept to scaled deployment, empowering Saudi's position as a regional innovation leader. Mohammed Ahmed, Founder & Managing Partner at Start Equity Ventures, stated: 'This partnership with Red Sea Global represents the kind of collaboration that moves the needle, not just in capital, but in capability. Together, we are creating a bridge between early-stage innovation and institutional readiness, unlocking growth for entrepreneurs across the Kingdom and the region.' Sultan Moraished, Group Head of Technology & Corporate Excellence at Red Sea Global, added: 'Our mission is to drive sustainable, high-impact innovation that benefits both communities and industries. This MoU with Start Equity Ventures enables us to work with visionary founders and technologies, and turn them into real-world solutions at scale.' This collaboration reflects a shared vision to build a future where technology, sustainability, and entrepreneurship go hand in hand, and where Saudi Arabia stands at the center of global innovation. For inquiries or partnership opportunities, please contact: For Media Inquiries or Partnership Opportunities with Start Equity Ventures, Please Contact: Mohammed Ahmed Founder & Managing Partner Start Equity Venturesmohammed@ in Washington, D.C. For Venture and Investment Collaborations with Red Sea Global, Please Contact: AnaMaria Meshkurti Ventures and Partnerships Red Sea Global Based in Riyadh, Saudi Arabia For Innovation Collaborations with Red Sea Global, Please Contact: Rafah Alkhatib Innovation, Technology Planning and Development Red Sea Global Based in Riyadh, Saudi Arabia This content is provided by the sponsor. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or business advice. All investments carry inherent risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any inaccuracies, misrepresentations, or financial losses resulting from the use or reliance on the information in this press release. Speculate only with funds you can afford to lose. In the event of any legal claims or concerns regarding this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without warranties or representations of any kind, express or implied. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained herein. Any complaints, copyright issues, or inquiries regarding this article should be directed to the content provider listed above. A photo accompanying this announcement is available at 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

Residents riled over civic body's nonchalance in tackling flooding
Residents riled over civic body's nonchalance in tackling flooding

Hans India

time24-07-2025

  • General
  • Hans India

Residents riled over civic body's nonchalance in tackling flooding

Hyderabad: Residents of areas residing near the Railway under Bridges (RuBs) face immense loss as they are inundated during every heavy downpour. Residents urged the civic body for the permanent fixation of the water inundation issue at RUBs. Each year, monsoon brings immense losses for the residents, especially those residing near the RuBs. The water from the nala is inundating the streets and entering into houses. The residents of Malakpet, Azampura, Yakutpura, and Talab Katta, residing near the RUBs in the GHMC Charminar zone, have been facing innumerable difficulties during rains. A nala situated beside these four RuBs is resulting in overflow and inundation of the surrounding area. Around three to four feet of rainwater inundate these RUBs and were closed to the traffic. Several areas, like Talab Katta RuB and its surroundings, Yakutpura, Ganga Nagar, Azampura, and Malakpet, are in waters up to four feet and above in each heavy rain. Also, the RuBs located in Lingampally, Katedan, Mettuguda, Secunderabad, Alugadda Bavi, Bible Track and other under bridges have been inundated in every monsoon, but no permanent solution has been taken by the civic body. Mohammed Ahmed, a local activist said 'It has been observed that the nalas, which have become narrower owing to haphazard construction activity, now face the real problem even as huge quantities of waste can be seen floating on the surface, causing the inundation of these RuBs and surrounding areas. With no seriousness by the civic body in clearing the debris and desilting nalas, it overflows and inundates at RuB.' Ahmed said that for the last several years, several projects have been taken up, but only temporary solutions were found by the authorities. 'I fear that the condition of these areas will be the same as in previous years. In recent rains, these RuBs have again inundated at least four feet, and traffic was halted for hours. Traffic was cleared after the water was drained,' said Ahmed. According to the residents, these RuBs and surrounding areas have been inundated in each monsoon, but no permanent solution has been taken by the civic body. Even during this monsoon, the situation is the same, and we residents are the ones who suffer,' said Chandrashekar, a resident of Chaderghat. In early monsoon heavy rains, the water enters the house which damages the furniture, electronics and other household items, says Shahid Ali another resident. As a part of the monsoon action plan, the desilting works were completed in these nalas, but the civic body has to desilt the nala in depth so that the water flows freely during heavy downpours. But the GHMC is only doing temporary works by desilting hardly two feet in each nala and keeping the debris aside, which is causing the water to log in RuBs and the localities to be inundated,' emphasised Ahmed. The local authority said that several works were taken up to solve the inundation issue, however, the RuB falls under both the civic body and railways. The works related to the civic body were completed to ensure water inundation.

Residents in several areas root for fixation of inundation woes
Residents in several areas root for fixation of inundation woes

Hans India

time23-07-2025

  • Politics
  • Hans India

Residents in several areas root for fixation of inundation woes

Hyderabad: Each monsoon season brings immense hardship to Hyderabad residents, particularly those in low-lying areas, as heavy downpours consistently lead to widespread inundation. Following recent flood-like situations, exasperated locals are once again demanding a permanent solution to the perennial flooding issue. During the latest heavy rains, numerous localities experienced flooded roads and stranded vehicles. Affected areas included Tolichowki, Shaikpet, Yousufguda, colonies in Nagole, Uppal, Begumpet, and even affluent areas like Banjara Hills and Jubilee Hills. Parts of the Old City, such as Bahadurpura, Chandrayangutta, Malakpet, Nawab Sahab Kunta, Talabkatta, and Yakutpura, were also severely hit. Residents expressed profound disappointment, noting that their areas were still inundated despite crores of Rs having been spent on various civic projects. 'Though the GHMC took various civic works by spending crores of rupees, the rain has flooded the various colonies in Tolichowki. The GHMC is facing criticism for their failure,' stated Asif Hussain Sohail, a resident of Surya Nagar Colony in Tolichowki. Residents and activists allege that monsoon preparedness works are still ongoing, even after the arrival of the monsoon season. They claim this year's disruptions are a direct consequence of these pending projects. Following the recent rains, videos circulated widely on social media platforms, showing high-speed water flows and even bikes being washed away in several Old City and other areas. Mohammed Ahmed, vice-president of the TDP Minority Cell, highlighted, 'Over 70 per cent of the monsoon works are incomplete and are still going on in ongoing incessant rains in various areas in the southern part of the city.' The heavy rains have caused significant personal loss for some. Talha Bin Amoodi, a physically challenged resident of Jahanuma, lost household items due to water inundation. 'When I approached the area representative regarding the water inundation, he asked me to vacate the house, as this decades-old issue will not be solved,' Amoodi recounted. Similarly, S Ganesh, a resident of Moosarambagh, observed, 'Though the works in various colonies were completed, still the residents are witnessing water inundation. In half an hour of rain, the colony was inundated, and we residents are in fear of rains and inundation during the monsoon season.' Activists further allege that civic authorities are failing to act despite multiple complaints, attributing the problem to faulty engineering works undertaken by the civic department. 'The engineering wing of GHMC has failed to rectify the problem even after several crores of works were done to prevent flooding. The government must take serious action against the officials and hold an enquiry by the vigilance department,' Ahmed urged.

4 held for faking govt 2BHK house allotment letters in Hyderabad, duped 30 people of Rs 42L using RDO's forged signature; fake seals, cash recovered
4 held for faking govt 2BHK house allotment letters in Hyderabad, duped 30 people of Rs 42L using RDO's forged signature; fake seals, cash recovered

Time of India

time19-06-2025

  • Time of India

4 held for faking govt 2BHK house allotment letters in Hyderabad, duped 30 people of Rs 42L using RDO's forged signature; fake seals, cash recovered

Hyderabad task force apprehended four individuals for allegedly defrauding approximately 30 people of ₹42 lakh over two years by forging government-sponsored 2BHK house allotment letters. HYDERABAD: Task force sleuths on Wednesday arrested four individuals for duping people by creating fake allotment letters of govt-sponsored 2BHK houses by impersonating the signature of Revenue Divisional Officer. The arrested accused were Mohammed Ahmed, Mohammed Amjad alias Munavar, Kothakota Raj Kumar Reddy alias Raju, and Mir Kousar Ali alias Siraj. The police said the accused had defrauded around 30 people of Rs 42 lakh over two years. The accused procured money ranging from 50,000 to 2.2 lakh from victims for a house in Bandlaguda. "Ahmed used to work as a labourer on a two-bedroom construction site in Bandlaguda. During this time, he hatched a plan to make money by making false promises to help people get a house allotment," said deputy commissioner of police (Task Force) YVS Sudheendra, adding that Ahmed then roped in other accused. The accused obtained one genuine allotment letter with RDO's signature and used an app to generate fake ones. Cops recovered ₹5.5 lakh from them.

How Gaza's food relief centres have turned into death traps
How Gaza's food relief centres have turned into death traps

First Post

time04-06-2025

  • Health
  • First Post

How Gaza's food relief centres have turned into death traps

A US- and Israel-backed aid system in Gaza, meant to ease starvation, has become a new source of horror. At least 80 Palestinians have been killed and hundreds injured near aid hubs, with witnesses blaming Israeli gunfire read more Recent aid distribution operations in southern Gaza have been marred by near-daily shootings that have claimed the lives of at least 80 Palestinians and left hundreds injured, according to officials at multiple hospitals in the enclave. The violence is unfolding around new humanitarian aid centres established by the Gaza Humanitarian Foundation (GHF), a group backed by the United States and Israel and made up largely of American contractors. Eyewitnesses say that in multiple incidents, crowds walking toward the aid centres were met with gunfire from nearby Israeli troops. STORY CONTINUES BELOW THIS AD These shootings have occurred as large groups of Palestinians, facing dire food shortages and near-famine conditions, travel on foot in the predawn hours to access food distributions. GHF began operating on May 26, after a nearly three-month Israeli blockade had brought aid delivery to a near halt. With traditional humanitarian corridors shut down or restricted, the population of over two million has increasingly been forced into high-risk zones to obtain basic food supplies. Hospital sources, including those at the Red Cross field hospital in Rafah and the Nasser Hospital in Khan Younis, confirm that the overwhelming majority of injuries are from gunshot wounds. Many victims have been children and women, and hospital staff report overflowing morgues and patients filling not only every bed, but also the floors. In one facility, an aid worker described numerous patients with wounds to their legs and buttocks, noting that the scale of the carnage has pushed the hospital beyond capacity, reported AP. The most lethal incidents have been concentrated around a traffic circle known as the Flag Roundabout in Rafah, roughly one kilometre northwest of GHF's Tel al-Sultan aid hub. The distribution centre is located within proximity of an Israeli military base. Witnesses recount that on Sunday and again on Tuesday of the same week, Israeli troops began shooting into the crowd around 3 to 4 am. STORY CONTINUES BELOW THIS AD Thousands had gathered in the darkness to secure food when, according to three individuals present, gunfire erupted from tanks, drones and ground forces. Mohammed Ahmed, a Palestinian who had arrived early in the hope of collecting aid, told AP, 'They may have opened fire because they felt threatened by the thousands of people in the area.' He and other witnesses noted that there were no visible provocations or attacks from the crowd before the Israeli forces fired. How Gaza Humanitarian Foundation's aid model works The Gaza Humanitarian Foundation was launched as an alternative to the United Nations-led system that had previously handled aid distribution in Gaza. According to the Israeli government, the change was needed due to alleged diversions of supplies by Hamas. However, international aid organisations and the UN itself have firmly denied significant interference by Hamas, arguing that the prior system functioned with far greater efficiency and neutrality. GHF's approach centralises aid into fixed distribution sites, each located within military zones and secured by armed contractors. At present, three such hubs are operational: one in central Gaza and two near the deserted outskirts of Rafah in the far south. Not all hubs operate daily, and access routes to them are tightly controlled. STORY CONTINUES BELOW THIS AD Palestinians seeking food must walk several kilometers to reach these sites, using a single designated road patrolled by Israeli forces. GHF has publicly warned civilians to remain on this route, cautioning that straying from it 'represents a great danger.' Food boxes are typically distributed starting at 5 am, but many Palestinians set out hours earlier to avoid being turned away empty-handed. This results in thousands of people converging in darkness, passing through military checkpoints and near troop encampments. When aid sites open, food parcels are left on pallets within fenced-off enclosures. A video shared by GHF shows a frenzied rush, with crowds sprinting toward the supplies. Witnesses say that individuals often take multiple boxes, leading to shortages and chaos, with many people leaving empty-handed. Tess Ingram of UNICEF remarked that 'our team on the ground reports these boxes are woefully insufficient for ensuring children's well-being,' adding that the scale of aid does not meet the growing needs. STORY CONTINUES BELOW THIS AD The contents of each parcel — usually flour, sugar, canned tuna, cooking oil, and pasta — are meant to last a family of five for three to four days. On Wednesday, following the spike in violence and criticism from aid agencies, GHF paused its food distribution efforts. The group confirmed it was in discussions with the Israeli military regarding ways to improve civilian safety. In particular, GHF requested the development of more precise guidance for foot traffic, enhanced training for Israeli troops, and revisions to military protocols in order to minimise the risk of escalation near aid routes. A spokesperson for the organisation stated that GHF was 'saddened to learn that a number of civilians were injured and killed after moving beyond the designated safe corridor,' referring to areas that extend beyond the controlled aid zones and into declared military regions. What the Israeli military has said The Israeli military has responded by saying that its troops only fired warning shots in several cases, and in others, targeted what it described as 'suspects' who approached military positions despite repeated alerts. On Tuesday, a spokesperson said Israeli forces 'fired to drive away suspects,' while pointing out that the full details are under review. STORY CONTINUES BELOW THIS AD Army spokesman Effie Defrin said, 'The numbers of casualties published by Hamas were exaggerated,' though the military acknowledged that it was investigating the matter. Israeli officials have accused Hamas of attempting to interfere with aid delivery efforts. As part of that narrative, the Israeli military released drone footage claiming to show armed individuals firing at civilians attempting to collect aid in Khan Younis — an area without a GHF distribution centre. However, this footage has not been independently verified by journalists, and its context remains unclear. Notably, in its descriptions of the incidents near the GHF hubs, the Israeli military has not confirmed the presence of armed Hamas members. Meanwhile, GHF has maintained that no violence has taken place within its secured aid sites and that its staff have not been involved in any use of force. This week's incidents are not without precedent. In February 2024, more than 100 Palestinians were killed in a separate episode in which Israeli forces fired on civilians surrounding an aid convoy in northern Gaza. STORY CONTINUES BELOW THIS AD At that time, Israel said its troops had responded to a group of individuals who ignored warning shots and charged at their position. International officials, including those from the UN and the European Union, asserted that most of the deaths in that episode were caused by direct Israeli gunfire. What the UN has said The growing death toll from these aid-related shootings has sparked renewed international outrage. The United Nations has reiterated its longstanding concerns about the new distribution system, calling it dangerous and counterproductive. UN spokesperson Stephane Dujarric said, 'It is unacceptable. Civilians are risking – and in several instances losing – their lives just trying to get food.' He criticised the current system, supported by Israel and the US, as 'a recipe for disaster,' warning that it is failing to provide safe, effective humanitarian relief. The United Nations Security Council is now preparing to vote on a draft resolution that demands an immediate, unconditional, and permanent ceasefire in Gaza. The proposal also calls for the lifting of all restrictions on aid entry and its unrestricted distribution, including through UN agencies. Additionally, the draft includes a demand for the release of all hostages still held by Hamas or other groups. STORY CONTINUES BELOW THIS AD Ten of the fifteen Council members have brought forward the motion, with Slovenia's Ambassador to the UN, Samuel Zbogar, stating, 'It is our historical responsibility not to remain silent.' Whether the resolution will pass remains uncertain, particularly as the United States has often vetoed motions perceived as unfavourable to Israel. The conflict which began after the October 7, 2023, attack in which Hamas killed around 1,200 people in Israel and took approximately 250 hostages. Israel's subsequent military campaign has resulted in over 54,000 Palestinian deaths, according to health authorities in Gaza. These figures include civilians and combatants alike, with thousands more believed to be buried under collapsed buildings. GHF reports that it has distributed over seven million meals since its launch. Also Watch: With inputs from agencies

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