Fintech PR
ewpartners Highlights Case for Investment into MENA Region at SuperReturn Asia
SINGAPORE, Sept. 25, 2024 /PRNewswire/ — ewpartners, the first international private equity firm to establish an Asian-Saudi cross boarder investment platform, will use its speaking appearance at SuperReturn Asia this week to outline the significant investment potential of the Middle East for APAC investors searching for diversified risk-adjusted returns.
Mr. Cliff Chau, Managing Partner at ewpartners, will be speaking on Thursday 26th September on the cross-border investment opportunity between Asia and the Middle East and North Africa (‘MENA’) region. ewpartners was founded in Riyadh in the Kingdom of Saudi Arabia in 2017 and has witnessed the incredible growth of the Kingdom over the past seven years. Through its funds, ewpartners invests across three key themes: digital infrastructure & solutions, advanced manufacturing & energy transition, and logistics & consumer enablement. Its first-mover advantage and local knowledge of the region is a crucial benefit for APAC investors.
To exemplify the MENA region’s progress, Mr. Chau will discuss Saudi’s Vision 2030 as a primary example of how the Kingdom is encouraging foreign investment as part of its wider blueprint to diversify its economy. Launched in 2016, the project is just past its halfway point, prompting an ideal moment to reiterate the progress the Kingdom has made in shifting their economy away from oil dependence and towards a more vibrant environment for both citizens and investors.
Over the past eight years, Saudi Arabia has launched $1.3 trillion into real estate and infrastructure projects to craft the country into a more attractive place to work, live and travel. At the same time, the Kingdom has become a leading fintech hub with the establishment of Fintech Saudi. Over $1 billion has been invested into the industry, and a regulatory environment created which is supportive of growth and innovation.
Mr. Chau will highlight how this transformation into a wider economic base offers unparalleled opportunities for investors who are looking for long term projects that align with their strategic objectives.
As Saudi has opened its doors and expanded business opportunities, countries have risen to the occasion. MENA countries have effectively communicated their commitment to mitigating perceived risk association in the region whilst simultaneously revising investment legislation, easing market entry and strengthening investment promotion agencies. Mr. Chau will speak directly to APAC investors on how these advancements have resulted in a drastic rise of Foreign Direct Investment into MENA from $57 billion in 2020 to $103 billion in 2023[1].
The growing foreign investment landscape in the MENA region is largely driven by players such as the United States, European countries and China, presenting a unique opportunity for investors from the global market to expand their presence, particularly in the region’s non-oil sectors. Areas such as renewable energy, technology, logistics, and tourism are becoming key areas of investment. Saudi Arabia’s Vision 2030 has attracted over $12 billion in green energy investments, and the UAE is set to increase its FDI in the tech sector by 7% annually. MENA countries continue diversifying their economies away from oil, and Asian nations, with their growing expertise in industries like technology, renewable energy, and manufacturing, are well-positioned to capitalize on these opportunities. Strategic investments from Asia can help accelerate the MENA region’s economic transformation while fostering deeper economic ties and partnerships.
Rebranding
Since its launch in Riyadh in 2017, ewpartners has raised and fully deployed 400 million USD for its Fund I and is targeting 1 billion USD for its Fund II as a direct response to strong investor interest. The company, previously known as eWTP Arabia Capital, recently re-branded to ewpartners to symbolise a broadening out of its initial focus to include investments into the wider MENA region. The ‘east west’ wording incorporated into ewpartners symbolises the transfer of knowledge and investment that the company facilitates between Asia and the Middle East.
ewpartners has successfully built companies that not only create significant value for APAC investors but also contribute meaningfully to key industries in the MENA region, achieving exceptional business growth. A prime example is Saudi Cloud Computing Company (SCCC), which ewpartners have built up to drive digital infrastructure in the region, benefiting consumers, companies, and investors alike. Additionally, ewpartners supported J&T Express, a last-mile delivery service operating across Saudi Arabia, in achieving top-tier ranking in delivery efficiency and securing a place among the top three companies in the industry by average daily order volume. This not only highlights ewpartners’ role in driving growth and operational excellence in critical sectors like logistics but also demonstrates how upgrading the logistics industry has fueled the growth of the e-commerce market, unlocking the high purchasing power of the Middle East region.
Speaking at an event held at ewpartners offices in the King Abdullah Financial District (KAFD) in Riyadh to celebrate the new brand, ewpartners Founder and Managing Partner Jessica Wong said:
“We were the first cross–border investment platform to establish ourselves in the Kingdom of Saudi Arabia and our first-mover advantage has meant the last seven years has been a period of great success for us. As we launch our new brand here in the KAFD we are excited to renew our commitment to the Kingdom, as well as signal our intention towards the wider Middle East. We have already identified a pipeline of opportunities, and we look forward to acting on that as we contribute towards the region’s vision of connectivity, growth, and global prominence.”
Mr. Chau’s panel at SuperReturn Asia will dive deeper into ewpartners’ role in developing the MENA region into a future hub of innovation and how APAC investors can rely on them to facilitate trans-border investment.
About ewpartners
ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.
Headquartered in Riyadh, ewpartners focuses on building value across borders by establishing strategic partnership with exceptional companies. Our team’s expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.
We are committed to investing in, supporting, and growing successful businesses across the Asia and MENA regions, with a focus on key industries and themes such as digital infrastructure & solutions, advanced manufacturing & energy transition, and logistics & consumer enablement.
For additional information, please visit https://ewpartners.fund/
[1] Source: World Bank Group, 2023: https://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?locations=ZQ
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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Fintech PR
Healthcare leaders gather at House of Commons to discuss productivity-boosting tech with MyStaff app
LONDON, Nov. 15, 2024 /PRNewswire/ — Healthcare leaders from 16 NHS trusts gathered at the House of Commons this week to see how Mid and South Essex NHS Foundation Trust is using a groundbreaking new app that transforms staff access to information vital to their patients’ care.
The MyStaff app uses AI and automation to simplify the management of critical policies and procedures, reducing the time staff spend searching for information from almost 10 minutes to under 30 seconds. Over 12,000 of the Trust’s staff have signed up, and around 1,000 are using the app daily.
With £2bn pledged to help digitise the NHS and bring down waiting lists, such time-saving tech is high on healthcare’s agenda. Trust Chief Executive Matthew Hopkins introduced the session, which was hosted by David Burton-Sampson, MP for Southend West and Leigh, and saw technology strategists and users share their experiences of digitising vital healthcare operations.
Matthew said: “Our Trust is working to make the best use of digital technologies wherever this can help staff to provide the best possible care to our patients. MyStaff app is a versatile and easy-to-use tool that improves our governance processes and makes it easy for staff to access the vital clinical information they need when treating patients.”
The Trust developed MyStaff app with digital innovators Diligram, who have created a digital governance solution that helps ensure staff use the latest policies and guidance when delivering patient care. Document compliance rates have grown from 60% to 98%, whilst projections indicate the app could release 55,000 hours’ worth of staff capacity over 3 years, worth almost £4m in staff costs and giving staff more time on patient-facing care.
Diligram CEO Leslie Golding said: “We have worked closely with the Trust on developing groundbreaking technology that supports our healthcare heroes by simplifying access to essential information. We’re proud to be part of this brilliant example of positive digital change.”
Editor’s notes
- Contact: Rob Benson, 07815098560, [email protected]
- Further images, interviews, site visits available
About MyStaff app
The MyStaff app from digital transformation company Diligram is time-saving tech that offers a mobile-first digital corporate governance solution for healthcare providers.
Web: mystaffapp.io
About Mid and South Essex NHS Foundation Trust
MSE is one of the largest Trusts in the country, serving around 1.2million people. Our values are about delivering excellent, compassionate and respectful care.
Web: mse.nhs.uk
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BEIJING, Nov. 15, 2024 /PRNewswire/ — On November 14, 2024, ThunderSoft (Stock Code: 300496), a world leading OS and intelligent device products and technology provider, and HERE Technologies, the leading location data and technology platform, announced a strategic partnership to enhance collaboration in intelligent navigation and high-definition maps. The collaboration aims to support the efficient development of navigation systems, contributing to a more connected and intelligent mobility ecosystem.
The agreement will see both companies maximize their technical strengths and platform resources for comprehensive, multifaceted cooperation. ThunderSoft’s Aqua Drive OS will integrate HERE location data and services, including HERE SDK, HD Map and autonomous driving solutions. These AI-powered elements, create a foundation for developers worldwide to build intelligent system platforms. Additionally, the partnership will deliver tailored intelligent navigation solutions for international markets, addressing the diverse requirements of automotive manufacturers and consumers.
The companies will also collaborate to develop immersive and interactive 3D high-definition mapping solutions by combining HERE’s map data with ThunderSoft’s Kanzi Map engine, establishing a new benchmark in intelligent driving and navigation.
Deon Newman, Senior Vice President and General Manager of HERE Technologies said, “This strategic partnership with ThunderSoft represents a transformative step in delivering on the potential of AI and software-defined vehicles. By uniting our best-in-class location technology with ThunderSoft’s advanced system capabilities, we will together deliver greater insight and intelligence to every journey, empowering our clients to create richer, more personalized experiences for their customers worldwide.”
Hengshang Chang, Executive President and President of SmartVehicle Business Group of ThunderSoft, highlighted the strategic importance of the collaboration, “Our collaboration with HERE holds immense significance. By integrating HERE’s map data and location platform capabilities with ThunderSoft’s pioneering vehicle OS technology, we aim to develop more competitive, globally-oriented intelligent navigation systems for the automotive industry, enabling automakers to achieve accelerated growth.”
About HERE Technologies
HERE has been a pioneer in mapping and location technology for almost 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. Find out how HERE is moving the world forward at here.com.
About ThunderSoft
ThunderSoft, a well-known intelligent operating system products and technologies provider, has been continuously accumulating and innovating in the operating system field, with its business expanding gradually from smart phone to smart vehicle, AIOT and smart industries. Website: https://en.thundersoft.com
View original content:https://www.prnewswire.co.uk/news-releases/thundersoft-partners-with-here-technologies-to-enhance-intelligent-navigation-solutions-302307004.html
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