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On the sidelines of Singapore Fintech Festival 2024

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Bahrain EDB Announces Attracting Over USD 100 million in Investment Commitments from Singapore

SINGAPORE, Nov. 6, 2024 /PRNewswire/ — Bahrain Economic Development Board (Bahrain EDB) today reported at the sidelines of Singapore Fintech Festival 2024 attracting over USD 100 million in investment commitments from Singapore-based companies since November 2023 across key sectors, namely financial services, ICT, and tourism. Marking a new milestone for the Island nation’s investment promotion agency, the results demonstrate the impact of Bahrain EDB’s expansive international footprint, wherein the Singapore office is the first to have been established in the ASEAN region a year ago.

H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board said, “Underscoring the established trust of international investors in Bahrain’s value proposition, this milestone achievement is a testament to the impact and agility of our ‘Team Bahrain’ approach, wherein both the public and private sectors work in tandem to ensure Bahrain’s investment environment remains attractive, defined by forward-looking regulatory frameworks and streamlined services, offering a seamless journey for businesses setting up in our island nation,” adding, “We take pride in the steady growth of investments from key markets including Singapore and in witnessing international firms that set up in Bahrain successfully expand and flourish.”

Strategically positioned in the heart of the Arabian Gulf, Bahrain is celebrated for its openness, tolerance, and cultural diversity. The island nation is home to a highly skilled talent pool, where the local workforce is consistently elevated and supported by government grants and subsidised programmes, and thereby equipped to meet the demands of an evolving global market. Women make up 34% of the financial services and insurance sector alone. Several leading firms, including Citi and PwC Middle East, have chosen Bahrain as their base for tech hubs and service centres to cater to their global clientele.

Dalal Buhejji, Executive Director of Financial Services at Bahrain EDB, added, “Bahrain has always been a hub for innovation and financial services. As a singular financial regulator, the Central Bank of Bahrain (CBB) has been a pioneering force in supporting the development of Bahrain’s thriving financial services sector introducing robust regulatory frameworks that include regional-firsts in crypto assets and open banking. Beyond this, businesses operating in Bahrain benefit from a future-ready workforce that combines bi-lingual, driven Bahraini nationals with a diverse expat talent pool offering global perspectives.”

As the first Gulf nation to diversify its economy, Bahrain continues to flourish, with its digitally empowered financial services sector contributing almost 17% to real GDP as of 2023. The sector boasts a diverse mix of prominent international banks, financial institutions, fintechs, and new digital asset players. This includes Singapore-based firms like Whampoa Group’s Singapore Gulf Bank and the recently licensed Crypto.com to provide payment services.

Bahrain EDB’s Singapore-based office serves its headquarters by providing strategic on-ground presence and advisory services to investors and businesses within Singapore seeking to expand or set up in Bahrain, which has cemented itself as a business-friendly gateway to the Middle East and North Africa (MENA). Offering comprehensive services that includes research-led market insights and industry assessments, Bahrain EDB supports investors journey from end-to-end, facilitating connections with key decision-makers across Bahrain’s public and private sector and providing tailored aftercare services long after businesses first embark on their journey.

Investors attending Singapore Fintech Festival 2024, which is taking place from November 6 to November 8, interested in learning more about Bahrain as a premier talent and investment destination are invited to visit Bahrain EDB’s stand at Singapore Expo (Stand 5J23, Hall Five).

About Bahrain Economic Development Board (Bahrain EDB)

Bahrain EDB is an investment promotion agency with the overall responsibility of attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.

Bahrain EDB works with the government and both current and prospective investors, to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.

Bahrain EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, logistics, ICT, and tourism.

For more information on Bahrain EDB visit www.bahrainedb.com 

 

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SOURCE Bahrain Economic Development Board (Bahrain EDB)

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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November 23, 2024

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

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SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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November 23, 2024

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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Hankyung.com introduces: MecKare, Leading the AI-powered Innovation in Health Monitoring Solution

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November 23, 2024

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– Leading efficient care management for the elderly with unimpeded smartcare

https://img.hankyung.com/pdsdata/pr.hankyung.com/uploads/2024/11/image01-1.png

SEOUL, South Korea, Nov. 23, 2024 /PRNewswire/ — JCF Technology is a startup that independently developed ‘MecKare’, a radar sensor that measures biological signals in a non-contact manner, and provides a platform service that automatically connects users and guardians in two-way emergency situations through an artificial intelligence analysis system. Since its establishment in 2016, it has developed a highly accurate non-contact multi-biological radar sensor through many years of technology accumulation, and succeeded in commercializing the product for the first time in 2021.

MecKare uses microwave radar and micro-Doppler signal processing technology to measure the user’s heart rate, respiratory rate, and skin temperature within 16.4 ft in real time. The sensor can measure human body movement patterns using precise and highly responsive thermal infrared rays and can detect falls through pattern analysis based on changes in human movement. In particular, the movement and change of thermal infrared rays within the measurement range are detected in real time, and the trend of biomarkers that appear as advance signs before a person falls can be checked through differential motion detection that measures the user’s movement pattern. It provides an alarm in advance by predicting before a person falls, enabling accuracy and quick response to accidents. As a result, it is possible to prevent safety accidents in the elderly by detecting emergency situations such as lonely death, cardiac arrest, breathing difficulties, and falls. Additionally, unlike other existing wearable devices such as smart watches or bands, MecKare does not need to be worn or attached to the body, so it can be used remotely via Wi-Fi without causing stress to the user.

https://img.hankyung.com/pdsdata/pr.hankyung.com/uploads/2024/11/image02.png

MecKare can be installed in the bedroom, bathroom, living room, or entrance of a home or facilities(Assisted Living, Nursing Home, etc) to provide 24-hour monitoring without a camera and detect abnormal signs in advance using a biometric information analysis algorithm and deliver them to the guardian.

MecKare’s radar biometric sensor is recognized in the global market for its technology as a device that obtains precisely customized biometric information while overcoming spatial constraints and without risk of privacy infringement. MecKare is being supplied to senior care facilities in Australia, Germany, Poland, Saudi Arabia, and China. In 2025, MecKare plans to conduct verification of vital signs such as attendance, fall prevention, and asthma of elderly people living in hospitals or assisted living in conjunction with local PPOs/HMOs in the United States.

In summary, MecKare is a system that reduces user inconvenience and enables management of multiple patients. By being able to provide personalized health data analysis results, it will serve as an opportunity to change the market paradigm towards preventive smart care. We expect MecKare’s A.I to play a role as an innovator that complements, rather than replaces, humans in care settings.

View original content:https://www.prnewswire.com/news-releases/hankyungcom-introduces-meckare-leading-the-ai-powered-innovation-in-health-monitoring-solution-302310743.html

SOURCE Hankyung.com

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