Latest news with #Sharia'a
Zawya
23-04-2025
- Business
- Zawya
Omnix and Hyperfusion partner to deliver next-gen AI and high-performance computing solutions
Dubai, UAE – Omnix, a leader in digital transformation and innovative technology solutions, today announced that it has signed a partnership agreement with Hyperfusion, a leading provider of high-performance computing and AI solutions. Together, they will provide advanced AI-driven solutions, high-performance computing capabilities, and scalable cloud technologies powered by Hyperfusion's locally available state-of-the-art Graphics Processing Unit (GPU) infrastructure across the UAE, and the wider MENA and South Asia markets. With shared strategic goals, Omnix aims to broaden its portfolio of next-generation solutions, while Hyperfusion will work towards solidifying and expanding its presence in high-growth regional markets. Together, the companies will provide organizations with tools and platforms needed to harness the full potential of artificial intelligence and high-performance computing, backed by locally based resources for better speed, security, and compliance. Walid Gomaa, CEO of Omnix said, 'We are happy to partner with Hyperfusion, a leading high performance computing provider with state-of-the-art technology solutions catering to organizations in a rapidly evolving world of AI computing. With this MoU, Omnix will be able to support organizations in accelerating the deployment of AI projects by providing a robust GPU infrastructure, enabling them to optimize costs and maximize their return on investment (ROI).' Quentin Reyes, CEO of Hyperfusion, said, 'This new partnership will help us strengthen our Middle Eastern expansion goals with the strong expertise that Omnix has in the region. We look forward to working together to address the growing demand for high performance computing and helping businesses accelerate their digital transformation.' The MoU is focused on developing scalable AI-powered tools in data-intensive industries such as healthcare, finance, telecommunications, and government. They will also co-develop AI solutions and cloud-based platforms that will help organizations accelerate digital transformation. Key areas of focus include machine learning model development, real-time data analytics, and advanced computing environments tailored to regional and sector-specific needs. Additionally, they will conduct joint research and execute a go-to-market strategy that includes pilot projects, customer engagement programs, and participation in major industry events. This partnership positions Omnix and Hyperfusion at the forefront of AI and data transformation in the region, offering advanced solutions that are not only powerful and efficient but also locally accessible, enabling faster adoption and greater impact for organizations across the public and private sectors. About Omnix International Omnix International is a Sharia'a compliant, industry-leading provider of solutions in digital infrastructure, digital transformation, computer-aided engineering, cybersecurity, cloud computing and managed services, with over 30 years of experience and a proven track record across the globe. Omnix occupies a leading position as a trusted provider of end-to-end solutions that address a wide range of functional requirements at organizations of various sizes, enabling clients to harness new levels of service innovation, customer experience and revenue generation. For more information, visit https: // About Hyperfusion Hyperfusion is a pioneering UAE-based technology company specializing in high-performance computing and artificial intelligence solutions. As a leading provider of GPU-powered infrastructure and AI services, the company is committed to making advanced computing accessible to businesses of all sizes in the UAE and GCC region. Hyperfusion's state-of-the-art data center in the UAE houses the latest NVIDIA H100 and RTX6000 Ada GPUs, offering unparalleled computing power for AI and machine learning workloads. With a focus on data sovereignty, security, and compliance, Hyperfusion ensures that their clients' data remains protected within UAE borders while providing them with cutting-edge technology solutions. Whether It's a research institution, government entity, or enterprise looking to leverage AI capabilities, Hyperfusion offers tailored solutions, expert consulting, and 24/7 support to help organizations achieve their technological goals. For more information, please visit
Daily Tribune
21-04-2025
- Business
- Daily Tribune
BisB Gold Sponsor for AAOIFI 23rd Annual Shari'ah Boards Conference
Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has announced its participation as the Gold Sponsor of the upcoming Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Conference. Scheduled to take place on the 20th and 21st of April 2025 at the Crowne Plaza Manama, the conference is a key gathering of Sharia'a scholars, regulators, and industry leaders from across the global Islamic finance sector. Winners awarded During the conference's opening ceremoney, and in coordination with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), BisB honoured the winners of BisB's third forum on Islamic Banking Operations, held in November 2024. The bank awarded Mr. Esam Mohammed Al Bastaki the first prize, which is a scholarship for postgraduate scholarship for the best research or academic project that contributes to development of the Islamic banking sector in Bahrain. Additionally, Mr. Mohammed Yaser Al Khudri was awarded the second prize, which is a one-year internship with the Sharia'a Supervisory Board of BisB. This initiative to honor the winners of BisB's third Forum on Islamic Banking Operations reflects the bank's commitment to enhancing Islamic banking practices and developing national competencies.
Biz Bahrain
04-03-2025
- Business
- Biz Bahrain
Foras Acquires 36% Stake in Beban Crowdfunding
Foras, a prominent investment firm based in Abu Dhabi and focused on innovative startups in the MENA region, has announced its acquisition of a 36% stake in Beban, a licensed company by the Central Bank of Bahrain as a Crowdfunding Platform Operator. This strategic investment aims to foster the growth of startups and enhance access to capital for entrepreneurs throughout the region. 'This acquisition marks a significant milestone for both companies,' said Mohamed Abouelnaga, Founder of Foras 'We are excited about the potential to collaborate and drive growth in the MENA startup landscape through Beban Crowdfunding and our collective mission to empower entrepreneurs. We aim to bridge the gap between SMEs seeking funding and regional individual and accredited investors as the Venture Capital funding market in Africa alone is valued at $2.9 billion while the SMEs credit group is valued at $450 billion, whereas the Crowdfunding market is expected to reach USD 40.03 billion by 2033. By providing innovative solutions to access funding through Sharia'a compliant Murabaha debt and equity crowdfunding that will enable SMEs to solve their current liquidity issues and will pave the way for them to succeed and make a lasting impact.' Beban Crowdfunding has established itself as a significant player in the crowdfunding landscape, providing a unique take on equity investment as it brings together opportunities highlighted in the Beban TV Show as well as other opportunities from the local and regional ecosystem that support entrepreneurs with essential resources to secure funding for their ventures. With Foras' investment, the platform is set to expand its offerings and further support the entrepreneurial ecosystem as Foras has a proven record of increasing awareness in the region regarding investments through its media channels such as Elmal Elhalal podcast. From his end, Sh. Hamed AlKhalifa, Chairman of Hope Ventures Holding, the parent company of Beban, commented saying 'We are thrilled to welcome Foras as a strategic partner. Their expertise and extensive network will be instrumental in enhancing our platform and expanding our support for entrepreneurs. Together, we are committed to fostering innovation and providing more with Beban Crowdfunding which has provided alternative funding for businesses in Bahrain and the GCC with over $250,000 secured from more than 5000 individual and corporate investors.' This collaboration between Beban and Foras is an important step on the path to the development of new features and resources, ultimately benefiting both entrepreneurs seeking funding and investors looking for promising opportunities.
