Latest news with #digitalsolutions
Zawya
22-05-2025
- Business
- Zawya
EQIQ doubles down on Iraq's digital economy, plans to double fund to $30mln after backing 5 tech startups
Abu Dhabi, UAE – Abu Dhabi, UAE – EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology startups and generating more than 3.3x return, is expanding its fund size from $15M to $30M. Domiciled in Abu Dhabi Global Market (ADGM), EQIQ is pursuing both greenfield (seeding new ventures) and brownfield (scaling established startups) investments in technology startups in Iraq. By aligning synergies across verticals in e-commerce, logistics, and fintech, the fund aims to create holistic, digital solutions that address real challenges and serve millions of users with delightful experiences. EQIQ was founded by serial entrepreneur Mohamed Al-Hakim, who launched his first startup at the age of 15 and exited his first startup at the age of 19. After growing up in Europe, studying at University College London, and working in investment banking at Goldman Sachs in London, Mohamed decided to move back to Iraq in 2014 to help build the tech ecosystem. From launching one of the first fintech companies in the country to being the CEO of Careem in Iraq and Jordan, Al-Hakim has been at the forefront of the technology ecosystem in Iraq since his reverse migration. Far from being a smooth journey, the last 10 years have seen a remarkable shift in the outlook for the Iraqi economy. Al-Hakim believes the country will experience a transformational shift over the next 10 years. 'Iraq has significant untapped potential underpinned by a young, vibrant, and tech-savvy population that is hungry to achieve. The country is underserved in many sectors; capital has been scarce as investors have been cautious to enter a market they know li
Zawya
21-05-2025
- Business
- Zawya
East-West Digital: A new Iberdrola Company launched at the 2025 ‘Qatar Economic Forum, powered by Bloomberg'
The Company will design, industrialize, and commercialize AI-based solutions for Sustainability with a global reach Doha, Qatar: Iberdrola today announced the official launch of East-West Digital, a new company dedicated to the development and commercialization of AI-powered digital solutions for sustainability. East-West Digital will leverage innovations developed by Iberdrola Innovation Middle East, a leading global digital solutions Innovation Center established by Iberdrola at the Qatar Science and Technology Park in 2016. The announcement was made during a press conference held at the 2025 'Qatar Economic Forum, Powered by Bloomberg', in the presence of senior dignitaries, business leaders, and media representatives. Notably, the event saw the special attendance of H.E. Dr. Álvaro Renedo Zalba, Ambassador of the Kingdom of Spain to Qatar; Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar; Mr. Pedro Azagra CEO of Avangrid; and Mr. Santiago Bañales, Managing Director of Iberdrola Innovation Middle East and CEO of East-West Digital. Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar, said: 'The launch of East-West Digital marks a significant milestone in our ongoing efforts to foster innovation and sustainability in Qatar. This initiative is a testament to our ongoing collaboration with Iberdrola Innovation Middle East that began in May 2022. By leveraging cutting-edge AI technologies, East-West Digital will not only enhance our digital landscape but also contribute to global sustainability goals. This venture underscores our commitment to supporting projects that drive economic growth and technological advancement, reinforcing Qatar's position as a hub for innovation and excellence.' Mr. Pedro Azagra, CEO of Avangrid, said: 'Iberdrola's launch of East-West Digital at the 2025 'Qatar Economic Forum, Powered by Bloomberg' demonstrates our strong dedication to advancing the electrification of the global economy. This innovative initiative will leverage AI-powered solutions to develop smarter and more efficient grids, reduce external energy dependency, and boost competitiveness. By supporting local industries and generating employment opportunities, we aim to achieve not only technological progress but also economic stability and growth.' Mr. Santiago Bañales, Managing Director of Iberdrola Innovation Middle East and CEO of East-West Digital, added: 'East-West Digital is the natural progression of the work we began with Iberdrola Innovation Middle East. Our AI-based solutions are already enabling the electrification of the global energy system. East-West Digital will bring to market a portfolio of AI-driven digital solutions for business and government clients, working closely with integrators and strategic partners to scale technologies that support global sustainability goals. In doing so, we aim to align with broader efforts to support the growth of a knowledge-based economy and attract top talent, in line with the goals of Qatar National Vision 2030.' Iberdrola Innovation Middle East was established in Qatar in 2018 in the presence of Iberdrola Chairman, Ignacio Galán, and leadership from the Qatar Investment Authority. The partnership gained new strength with the signing of a Memorandum of Understanding with Invest Qatar during the state visit of His Highness the Amir of Qatar to Spain in 2022, reinforcing a shared focus on digital innovation and sustainability through the establishment of a world-leading innovation center. The announcement at the 2025 'Qatar Economic Forum, Powered by Bloomberg', aligned with one of the Forum's core pillars – 'Energy Supplies & Security' – focused on energy security and the future of global energy systems, underscoring the relevance and timing of this new venture. ABOUT IBERDROLA Iberdrola, Europe's largest electricity utility by market capitalization and one of the world's top two electricity companies, is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola's main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others. The company has a workforce of over 42,200 and assets in excess of €150 billion. In 2023, Iberdrola posted revenues of nearly €50 billion, net profit of €4.8 billion, with nearly €9.3 billion paid in tax contributions in the countries where it operates. The company helps to support more than 500,000 jobs in communities across its supply chain, and global supplier purchases topped €18.1 billion in 2023. A benchmark in the fight against climate change, Iberdrola has invested more than €150 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles. Iberdrola Innovation Middle East is a world-leading innovation center, located in Qatar Science & Technology Park, that aims at defining 'the digital utility', developing innovative digital solutions for renewable energy integration, smart grids and energy efficiency and conservation.
Zawya
20-05-2025
- Business
- Zawya
Tawazun Council, Solutions+ sign collaboration agreement in AI solutions, shared services
ABU DHABI -- Tawazun Council and Solutions+, a Mubadala Company, signed a collaborative Memorandum of Understanding, marking the first step toward a formal partnership to create synergies and expand their offerings in the areas of corporate services, digital and AI solutions, and shared service capabilities to power their future operations. The MoU was signed at Mubadala stand during Make it in the Emirates 2025, in presence of Matar Ali Al Romaithi, Sector Chief of Defence and Security Industry Affairs at Tawazun Council and Dr. Bakheet Al Katheeri, CEO of the UAE Investments Platform at Mubadala. The agreement signed by Nasir Al Nabhani, Managing Director of Solutions+ and Salem Mohamed Al Saabri, Chief Finance Officer, Finance and Corporate Services at Tawazun Council and attended by officials from both sides. The milestone partnership reinforces both organisations' shared commitment to innovation, operational excellence, and future readiness. Salem Mohamed Al Saabri said, 'By combining Solutions+' expertise in enterprise platforms, automation, and AI-driven service models with the forward-thinking vision of Tawazun Council, this agreement sets the foundation for delivering seamless, efficient and intelligent corporate services across Tawazun Council's operations.' Nasir Al Nabhani said, 'Through this collaboration, we are proud to support Tawazun Council's vision to scale innovative corporate services and digital solutions that deliver long-term value. This partnership will leverage Solutions+' deep industry expertise serving government entities in all areas of shared solutions across digital, HR, finance, procurement, and integrated facilities management. This agreement marks a new milestone in our mission to be the trusted transformation partner for government and semi-government organisations across our nation.'
Zawya
14-05-2025
- Business
- Zawya
Tech Mahindra announces senior leadership elevations to drive strategic market growth
India – Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced key leadership elevations to drive strategic growth in critical markets. Manish Mangal will take over as Head – Americas Communications Business, and Sahil Dhawan has been appointed Head – India, Middle East, and Africa (IMEA) Business. Manish Mangal, in his expanded role, will lead Tech Mahindra's Communications business across the Americas, one of the company's most vital growth markets. His deep industry knowledge and track record of innovation position him to drive business transformation and unlock new opportunities for clients in the region. With over 27 years of global experience in the telecom industry, Manish has played a pivotal role in advancing 5G, AI, and cloud-native network technologies. He previously served as Chief Technology Officer – Telecom Business & Global Business Head – Network Services for Tech Mahindra. Sahil Dhawan will drive Tech Mahindra's growth strategy and customer engagement across the IMEA region, a market of strategic importance to the company's long-term vision. His cross-functional experience and customer-centric leadership will help accelerate business expansion and deepen client relationships across key industries. Previously, Sahil Dhawan served as Senior Vice President & Global Head - Enterprise Applications. He led the global P&L across sales, delivery, solutions, and alliances for Tech Mahindra's expansive Enterprise Applications portfolio. Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, 'Manish and Sahil have been integral to our growth journey, consistently delivering impact through leadership and innovation. Their new roles reflect our commitment to strengthening market-specific strategies. I congratulate them and look forward to their continued success in shaping the next phase of Tech Mahindra's growth.' Manish Mangal, Head – Americas Communications Business, Tech Mahindra, said, "It is a privilege to lead the Communications business in the Americas at a time of exciting transformation in the telecom sector. We are committed to building on our strengths and delivering cutting-edge solutions that help our clients navigate the future of connectivity." Sahil Dhawan, Head – India, Middle East, and Africa Business, Tech Mahindra, said, 'I am honored to take on the responsibility of leading the IMEA business. These regions hold significant potential, and together with the team, we aim to foster sustained growth, enhance client engagement, and provide innovative solutions that meet local market demands." Tech Mahindra continues to reinforce its leadership bench as it advances its strategic focus on delivering integrated, AI-first, and platform-led solutions. The company's growth strategy remains centered on empowering global enterprises with the speed, scale, and intelligence required to succeed in an increasingly digital economy. About Tech Mahindra Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 150,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative's Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies. For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit Our Social Media Channels
National Post
12-05-2025
- Business
- National Post
LTIMindtree Secures $450 Million Multi-Year Deal with Global Agribusiness Leader
Article content WARREN, N.J. & MUMBAI, India — LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today announced a strategic agreement with a leader in the global agribusiness sector. This is the largest deal in the history of LTIMindtree, valued at $450 million across seven years. Article content Article content As a part of this deal, LTIMindtree will implement an AI-powered operating model to deliver application management, infrastructure support, and cybersecurity services. This comprehensive suite of future-ready IT services, built on platforms such as SAP S/4HANA, ServiceNow, Microsoft Azure, as well as proprietary AI frameworks, are aimed at enhancing the client's operational efficiency, scalability, and global growth. Article content 'Securing this large deal marks a pivotal milestone as we transform to an AI-driven business model, helping our clients enhance productivity,' said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director, LTIMindtree. 'We are proud to be the trusted partner for one of the world's most respected agribusiness companies. Article content 'Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence,' said Nachiket Deshpande, President – Global AI Services, Strategic Deals, LTIMindtree. Article content Samir Gosavi, Chief Business Officer – Retail and CPG, LTIMindtree, added, 'This win marks a major breakthrough for our consumer services business. Our AI-driven operating model will drive measurable business impact in an industry that's evolving rapidly.' Article content LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit Article content Article content Article content Article content Article content Article content
