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Libya Review
25-05-2025
- Politics
- Libya Review
Libyan Defence Minister Receives Chadian Counterpart in Benghazi
Libya's Defence Minister in the Parliament-designate government, Ahmed Houma, held a high-level meeting on Sunday in Benghazi with a visiting Chadian delegation, aimed at strengthening bilateral cooperation in military and security affairs. The official visit came at the invitation of the Libyan side and coincided with the 11th anniversary of the Karama Revolution, a key turning point in Libya's modern history. The anniversary commemorates efforts to combat terrorism and restore national sovereignty under the leadership of Field Marshal Khalifa Haftar. The Chadian delegation was led by Defence Minister Issaka Malloua Ndjamous and included Deputy Director of General Intelligence and three senior advisers to the President of Chad. They were received in Benghazi by Minister Houma, alongside the Director of Military Intelligence, Major General Fawzi Al-Mansouri, the Head of Protocol at the General Command, a representative of the Commander-in-Chief's Office, and several department heads from Libya's Ministry of Defence. The discussions focused on reinforcing joint efforts to confront regional security challenges and improving coordination between the two nations. Both sides stressed the importance of enhanced cooperation in securing their shared borders and combating cross-border threats such as terrorism, organised crime, and human trafficking. The visit marks a renewed effort to build strategic partnerships in the Sahel and Sahara region, a hotspot for instability. The Libyan side highlighted the significance of mutual trust and military collaboration in promoting regional peace and stability. Libya and Chad have long-standing ties, but recent years have seen renewed interest in revitalising defence relations in light of shifting security dynamics across North Africa and Central Africa. This official meeting signals a step forward in aligning the two countries' security agendas and strengthening their shared commitment to maintaining order in a volatile regional landscape. Tags: benghaziChadDefence Ministerlibya
Mid East Info
15-04-2025
- Business
- Mid East Info
Fast-growing UAE AI start-up AIREV secures investment from Ireland's Venturewave Capital - Middle East Business News and Information
Irish venture private equity firm invests in AIREV as part of Series A raise AIREV's On-Demand is one of the world's first AI operating systems -On-Demand offers hardware providers opportunity to monetize infrastructure Abu Dhabi: AIREV, the UAE artificial intelligence start-up that is one of the fastest-growing AI companies in the Gulf region, has secured investment from Irish-based venture private equity firm Venturewave Capital. The capital injection will be deployed to support AIREV's rapid growth trajectory as it scales one of the world's first AI operating systems – 'On-Demand'. The deal with Venturewave Capital, which is active across diverse asset classes in Europe, US, ASEAN and the Middle East, will enable On Demand to access new opportunities and specifically expand to new market territories from UAE and Ireland. With over 4 million AI-first users worldwide, and backed by Core 42, a G42 company, AIREV continues to refine its revolutionary agentic AI Operating System, On-Demand. Designed to power the post-Artificial General Intelligence/Artificial Super Intelligence economic shift, On-Demand allows users to build their own AI applications by combining the world's leading large language models with hundreds of agents and AI tools. The platform democratizes advanced AI technology, simplifying the user experience, and empowering rapid innovation in generative AI products. AIREV already has commercial deployment agreements with computer systems and components supplier Panchea and AI systems and technology solutions provider AIdeology (an Nvidia Elite Partner), and is in commercial and R&D discussions with Fortune 500 semiconductor companies. Over 60,000 users have already adopted the new platform, which offers access to inference capabilities across leading models, including those from OpenAI, Google's Gemini, Meta's Llama, and Arabic language model Jais—developed by Inception, a G42 company. Over 300 specialized agents are available on its marketplace, and the site also seamlessly integrates with major ERP and CRM systems like Salesforce, SAP, and Microsoft Dynamics. On Demand is capable of running on all hardware systems, enabling hardware providers to monetize usage of their infrastructure by linking the computational activity of users to revenue generated. The signing of the funding agreement was witnessed by HE Dr Thani Al Zeyoudi, UAE Minister for Foreign Trade, and HE Niamh Smyth TD, Ireland's Minister for Trade Promotion, AI and Digital Transformation. Minister Niamh Smyth TD stated: 'Venturewave Capital's investment in AIREV highlights Ireland's role as a connector of global tech innovation. AIREV's work in Artificial Intelligence – from education to healthcare – exemplifies technology's power to transcend markets.' Muhammad Khalid, AIREV's Founder and CEO, said: 'With On-Demand, companies can create the right AI for them – quickly, easily and affordably. Think of it as an App Store for AI, but with unseen levels of optimization and personalization. VentureWave Capital recognised that the platform can be transformative for businesses and that our team – young, dynamic, agile and nimble – possess the necessary expertise to develop a blockbuster product with the potential to disrupt the global AI ecosystem. Since we launched On-Demand, we have seen amazing early growth, and built an incredible community of global users. We look forward to working alongside VentureWave Capital and all our partners to expand the market for highly tailored, powerful AI solutions for developers and enterprises.' Alan Foy, Executive Chairman and Founder, Venturewave, added: 'VentureWave Capital is delighted to finalise this strategic investment in AIREV, a UAE-based AI company rapidly emerging as a global leader in transformative AI solutions. AIREV is committed to global expansion from the UAE in partnership with Ireland. The excellent team is developing technologies that not only expand human potential but also address real-world challenges across sectors such as education, healthcare, and energy.' As well as On-Demand, AIREV, which was formed in 2023 by Muhammed Khalid (CEO), Dr Youssef Youssef (COO) and Kayaan Unwalla (CSO), includes other next generation AI-driven businesses including viral edtech platform School Hack. About AIREV: AIREV, a next generation AI company headquartered in the UAE, has quickly risen as a leader in the global AI ecosystem. Backed by Core42, a G42 company, and now VentureWave Capital, AIREV is shaping the future of technology-driven economic growth through its Agentic AI Operating System, On-Demand. AIREV is part of Microsoft's startup program and the Nvidia Inception program, with On Demand built completely on Microsoft's Azure structure. About Venturewave Capital: Venturewave Capital is a venture private equity investment firm that focuses on entrepreneurial companies with high-impact potential. They seek to maximise financial potential by applying proven tools and methods to scale and grow. Venturewave Capital, a member of the Global Impact Investing Network (GIIN), is the first Irish signatory of the IFC Principles for Impact Investing:
Zawya
15-04-2025
- Business
- Zawya
Fast-growing UAE AI start-up AIREV secures investment from Ireland's Venturewave Capital
AIREV's On-Demand is one of the world's first AI operating systems On-Demand offers hardware providers opportunity to monetize infrastructure Abu Dhabi: AIREV, the UAE artificial intelligence start-up that is one of the fastest-growing AI companies in the Gulf region, has secured investment from Irish-based venture private equity firm Venturewave Capital. The capital injection will be deployed to support AIREV's rapid growth trajectory as it scales one of the world's first AI operating systems – 'On-Demand'. The deal with Venturewave Capital, which is active across diverse asset classes in Europe, US, ASEAN and the Middle East, will enable On Demand to access new opportunities and specifically expand to new market territories from UAE and Ireland. With over 4 million AI-first users worldwide, and backed by Core 42, a G42 company, AIREV continues to refine its revolutionary agentic AI Operating System, On-Demand. Designed to power the post-Artificial General Intelligence/Artificial Super Intelligence economic shift, On-Demand allows users to build their own AI applications by combining the world's leading large language models with hundreds of agents and AI tools. The platform democratizes advanced AI technology, simplifying the user experience, and empowering rapid innovation in generative AI products. AIREV already has commercial deployment agreements with computer systems and components supplier Panchea and AI systems and technology solutions provider AIdeology (an Nvidia Elite Partner), and is in commercial and R&D discussions with Fortune 500 semiconductor companies. Over 60,000 users have already adopted the new platform, which offers access to inference capabilities across leading models, including those from OpenAI, Google's Gemini, Meta's Llama, and Arabic language model Jais—developed by Inception, a G42 company. Over 300 specialized agents are available on its marketplace, and the site also seamlessly integrates with major ERP and CRM systems like Salesforce, SAP, and Microsoft Dynamics. On Demand is capable of running on all hardware systems, enabling hardware providers to monetize usage of their infrastructure by linking the computational activity of users to revenue generated. The signing of the funding agreement was witnessed by HE Dr Thani Al Zeyoudi, UAE Minister for Foreign Trade, and HE Niamh Smyth TD, Ireland's Minister for Trade Promotion, AI and Digital Transformation. Minister Niamh Smyth TD stated: "Venturewave Capital's investment in AIREV highlights Ireland's role as a connector of global tech innovation. AIREV's work in Artificial Intelligence – from education to healthcare - exemplifies technology's power to transcend markets." Muhammad Khalid, AIREV's Founder and CEO, said: 'With On-Demand, companies can create the right AI for them – quickly, easily and affordably. Think of it as an App Store for AI, but with unseen levels of optimization and personalization. VentureWave Capital recognised that the platform can be transformative for businesses and that our team - young, dynamic, agile and nimble – possess the necessary expertise to develop a blockbuster product with the potential to disrupt the global AI ecosystem. Since we launched On-Demand, we have seen amazing early growth, and built an incredible community of global users. We look forward to working alongside VentureWave Capital and all our partners to expand the market for highly tailored, powerful AI solutions for developers and enterprises.' Alan Foy, Executive Chairman and Founder, Venturewave, added: "VentureWave Capital is delighted to finalise this strategic investment in AIREV, a UAE-based AI company rapidly emerging as a global leader in transformative AI solutions. AIREV is committed to global expansion from the UAE in partnership with Ireland. The excellent team is developing technologies that not only expand human potential but also address real-world challenges across sectors such as education, healthcare, and energy." As well as On-Demand, AIREV, which was formed in 2023 by Muhammed Khalid (CEO), Dr Youssef Youssef (COO) and Kayaan Unwalla (CSO), includes other next generation AI-driven businesses including viral edtech platform School Hack. About AIREV AIREV, a next generation AI company headquartered in the UAE, has quickly risen as a leader in the global AI ecosystem. Backed by Core42, a G42 company, and now VentureWave Capital, AIREV is shaping the future of technology-driven economic growth through its Agentic AI Operating System, On-Demand. AIREV is part of Microsoft's startup program and the Nvidia Inception program, with On Demand built completely on Microsoft's Azure structure. About Venturewave Capital Venturewave Capital is a venture private equity investment firm that focuses on entrepreneurial companies with high-impact potential. They seek to maximise financial potential by applying proven tools and methods to scale and grow. Venturewave Capital, a member of the Global Impact Investing Network (GIIN), is the first Irish signatory of the IFC Principles for Impact Investing: Venturewave Capital is a wholly owned fund manager of Venturewave Group:
Zawya
23-03-2025
- Politics
- Zawya
Egypt: President El-Sisi Meets Eritrea's Minister of Foreign Affairs
Today, President Abdel Fattah El-Sisi received Eritrea's Minister of Foreign Affairs Osman Saleh, in the presence of Minister of Foreign Affairs, Emigration and Egyptian Expatriates Dr. Badr Abdel-Atty and Director of the General Intelligence Hassan Rashad. The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, stated that the Eritrean minister conveyed to the President the greetings of Eritrean President Isaias Afwerki, which was appreciated by President El-Sisi. The President emphasized the deep relations between the two countries and Egypt's keenness to further strengthen them in all fields. The meeting addressed the situation in the Horn of Africa and ways to enhance stability in the region, either through the joint efforts of the two countries or through the trilateral coordination mechanism with Somalia. In this regard, it was emphasized that both Egypt and Eritrea are committed to supporting Somalia in combating terrorism and preserving the its unity and territorial integrity. The meeting also discussed ways to restore peace and stability in Sudan and to protect the Red Sea and strengthen the efforts of the riparian states in its governance and security, rejecting the involvement of any non-riparian countries in this regard. Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
See - Sada Elbalad
25-02-2025
- Politics
- See - Sada Elbalad
Sisi, Iraqi Leader Al-Hakim Hold Talks in Cairo
Nada Mustafa President Abdel Fattah El-Sisi received on Tuesday, Ammar Al-Hakim, head of Iraqi National Wisdom Movement, along with his accompanying delegation. The meeting was also attended by General Hassan Rashad, head of Egypt's General Intelligence. During the meeting, Sisi emphasized the importance of maintaining Iraq's security and stability, affirming Egypt's readiness to mobilize all necessary resources to support Iraq's development efforts and fulfill the aspirations of its people. For his part, Al-Hakim expressed his appreciation for the historic relations between the two countries and their people. He also praised Egypt's leading role in preserving regional security and stability while safeguarding the interests of its nations. Additionally, Iraqi leader acknowledged Egypt's continuous support for Iraq across various sectors. Moreover, the discussions also covered regional developments, with both sides stressing the necessity of implementing a ceasefire agreement in Gaza, including phased implementation, the exchange of prisoners and detainees, and the delivery of humanitarian aid to the region. Both parties reaffirmed the importance of launching early recovery efforts and reconstruction in Gaza while rejecting any proposals for the displacement of Palestinians to prevent the elimination of the Palestinian cause and to avoid threats to regional security. Furthermore, the meeting underscored the need for establishing an independent Palestinian state based on the June 4, 1967 borders, with East Jerusalem as its capital, as the only guarantee for achieving lasting peace in the region.
