Latest news with #NabilAl-Nuaim
Leaders
3 days ago
- Business
- Leaders
CST, Aramco Digital Launch AI-Powered Crowd Management Trial at Holy Sites
With support from the Communications, Space and Technology Commission (CST), Aramco Digital has successfully conducted a trial of an AI-powered crowd management system at the Holy Sites. Enabled through a license for the National Specialized Communications Network, the trial aimed to enhance operational efficiency and safety during peak pilgrimage periods. The initiative was carried out in partnership with the High Commission for Industrial Security (HCIS), the Saudi Water Authority, and Saudi Arabia Railways. CST Key figures attended the trial, including CST Acting Governor Eng. Haytham AlOhali, Aramco Digital CEO Eng. Nabil Al-Nuaim, HCIS Assistant Governor Eng. Ibrahim Al Abu Issa, and Aramco Connect President Eng. Eid AlHarbi. Aramco Digital Board Chairman Eng. Ahmad Al-Khowaiter joined the event virtually from Dhahran. According to CST, the system enables real-time voice and video communication among operational teams during the Hajj season, ensuring consistent, high-quality services for pilgrims. The trial also demonstrated secure, high-performance connectivity with instant responsiveness, unaffected by network congestion. A key highlight was the use of edge artificial intelligence (Edge AI) for real-time crowd analytics. By processing video and image data at the edge, the system allowed for immediate decision-making and reduced network load, significantly improving overall operational responsiveness. The trial operated on a dedicated wireless communication network in the 450 MHz frequency band, licensed to Aramco Digital in October 2024. This initiative underscores CST's commitment to leveraging digital infrastructure to support critical sectors during Hajj. It also exemplifies the strength of public-private collaboration in enhancing safety, efficiency, and the overall experience for pilgrims. Related Topics : Saudi Arabia Gives Green Light to Licensed Companies to Export Flour Saudi Paper Manufacturing Company Signs €24.9M Deal with ABC Bank Crown Prince Announces 'Al-Alat Company Launch Saudi Arabia plans to Supply enough amount of Durum Wheat Saudi Pavilion Secures New York Architectural Design Awards at Expo Osaka 2025 Short link : Post Views: 16
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Business Standard
4 days ago
- Business
- Business Standard
LTIMindtree shares gain 3% after launching NextEra JV with Aramco Digital
Shares of LTIMindtree rose over 3 per cent on Thursday after partnering with a unit of Aramco to announce the launch of NextEra, an information technology (IT) services company headquartered in Saudi Arabia. LTIMindtree's stock rose as much as 3.48 per cent during the day to ₹5,276 per share, the biggest intraday gain since May 12 this year. The stock pared gains to trade 1.6 per cent higher at ₹5,186 apiece, compared to a 0.02 per cent advance in Nifty50 as of 10:38 AM. Shares of the company have risen 13 per cent so far this month and have gained over 32 per cent from their April lows. The stock has fallen 6.8 per cent this year, compared to a 4.8 per cent rise in the benchmark Nifty50. LTIMindtree has a total market capitalisation of ₹1.5 trillion, according to BSE data. Track LIVE Market Updates Here Aramco Digital, LTIMindtree launch NextEra Aramco Digital, the of energy giant Aramco, and LTIMindtree have jointly launched NextEra, a new-generation IT services firm in Saudi Arabia. Formed under the strategic joint venture 'LTIM Aramco Digital Solutions for Information Technology Company', NextEra aims to drive Saudi Arabia's digital transformation in alignment with its Vision 2030 goals. The initiative is part of Aramco's Namaat Industrial Investments Program, which supports homegrown innovation and sustainable economic diversification. NextEra will offer advanced digital solutions powered by AI, automation, cloud services, and digital engineering, all tailored to enhance operational efficiency, decision-making, and customer experiences. 'This launch is a pivotal milestone in localising IT services and building a future-ready digital ecosystem,' said Nabil Al-Nuaim, Chairman of NextEra and CEO of Aramco Digital. 'Our partnership with LTIMindtree blends world-class tech expertise with deep regional insight. Through NextEra, we aim to drive innovation, enhance competitiveness, and contribute meaningfully to Saudi Arabia's digital journey.' LTIMindtree Q4 results India's sixth-largest IT services company reported a 2.6 per cent increase in profit in the fourth quarter of the financial year 2024-25 (Q4FY25) to ₹1,128.5 crore. On a sequential basis, the profit was up 3.9 per cent. Revenue was up 9.9 per cent to ₹9,771.7 crore during the same period last financial year. On a quarter-on-quarter basis, the revenue grew 1.1 per cent. Growth during the quarter was mainly driven by banking, financial services and insurance (BFSI) and manufacturing businesses, which grew at 12 per cent and 13.3 per cent year-on-year (Y-o-Y) respectively. The consumer business reported negative growth of 1.9 per cent Y-o-Y. Healthcare, lifesciences and public services was down 16.2 per cent Y-o-Y.
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Business Standard
5 days ago
- Business
- Business Standard
LTIMIndtree, Aramco Digital to start IT services company in Saudi Arabia
LTIMindtree has tied up with Aramco Digital, the digital and technology arm of Saudi Arabia's oil behemoth Aramco, to start an IT services company named NextEra in the country, the companies said in a joint statement on Wednesday. The move will help LTIMindtree establish a stronger presence in the Middle East, a geography where Indian IT services providers have been focusing lately to boost their revenue. The company does not break up its revenue from the region, though it is bundled under 'rest of the world', which contributed about 12 per cent to the topline in the fourth quarter. 'Partnering with Aramco Digital to establish NextEra is a significant milestone in LTIMindtree's global expansion strategy. We are excited to bring our deep technical capabilities and cross-industry experience to support Saudi businesses in their digital journeys,' said Venu Lambu, NextEra Vice-Chairman and CEO-designate of LTIMindtree. The new company will also accelerate Saudi Arabia's digital transformation in alignment with the Kingdom's ambitious Vision 2030, which aims to diversify revenue sources beyond the traditional oil market. NextEra, which is banking on AI and automation, cloud services, and digital engineering as its core strengths, will offer solutions that enhance operational efficiency, enable intelligent decision-making, and deliver seamless customer experiences. 'The launch of NextEra marks a pivotal milestone in our efforts to localise IT services and contribute to advancing the Kingdom's digital landscape. This collaboration also reinforces Aramco Digital's commitment to accelerating digital progress across industrial and other strategic sectors, delivering sustainable impact, long-term value, and alignment with national priorities,' said Nabil Al-Nuaim, Chairman of NextEra and CEO of Aramco Digital. LTIMindtree CEO Debashis Chatterjee said in the fourth-quarter analyst call that the company was working with a leading digital firm in Saudi Arabia to provide end-to-end operations services for its hybrid cloud security platform. It also counts a Middle East oil and gas company and a nuclear energy firm among its clients.
Time of India
5 days ago
- Business
- Time of India
Aramco Digital and LTIMindtree launch next-generation IT services company, NextEra
Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree has announced NextEra – a next-generation IT services company headquartered in the Kingdom of Saudi Arabia. The strategic joint venture – officially named 'LTIM Aramco Digital Solutions for Information Technology Company' - 'NextEra' is designed to accelerate Saudi Arabia's digital transformation in alignment with the Kingdom's ambitious Vision 2030 . NextEra is backed by Aramco's Namaat Industrial Investments Program and represents a shared commitment to fostering a robust, homegrown digital ecosystem. The new entity will leverage cutting-edge technologies to offer solutions that enhance operational efficiency, enable intelligent decision-making, and deliver seamless customer experiences across industries. Built on six core pillars—AI and automation, scalable cloud services, deep industry expertise, digital engineering, sustainability, and customer centricity—NextEra intends to provide future-ready services tailored to the evolving needs of both regional and international markets. Nabil Al-Nuaim, Chairman of NextEra and CEO of Aramco Digital said 'The launch of NextEra marks a pivotal milestone in our efforts to localize IT services and contribute to advancing the Kingdom's digital landscape. We are glad to partner with LTIMindtree in establishing this joint venture, which brings together world-class technology expertise and deep local insight. Through NextEra, we aim to build a future-ready digital ecosystem that drives innovation, enhances national competitiveness, and contributes to the Kingdom's digital transformation journey under Vision 2030. This collaboration also reinforces Aramco Digital's commitment to accelerating digital progress across industrial and other strategic sectors, delivering sustainable impact, long-term value, and alignment with national priorities.' With its blend of local knowledge and global expertise, NextEra aims to be a cornerstone of Saudi Arabia's digital future—optimizing operations, driving innovation, and enabling sustainable growth across strategic sectors. Venu Lambu, Vice Chairman, NextEra; Chief Executive Officer (Designate) and Whole-Time Director, LTIMindtree said 'Partnering with Aramco Digital to establish NextEra is a significant milestone in LTIMindtree's global expansion strategy. We are excited to bring our deep technical capabilities and cross-industry experience to support Saudi businesses in their digital journeys.' Dina Aboonoq, CEO and Board Member, NextEra; Executive VP, LTIMindtree said 'This joint venture is a key step toward Saudi Arabia's Vision 2030, as we build a national platform for innovation and sustainable digital growth. Through advanced delivery centers and partnerships with local universities, we're accelerating digital transformation, empowering local talent, and supporting SMEs and major industries with tailored managed services that ensure excellence and compliance.'
