Kuwait-Based Floward’s Abdulaziz Al Loughani On How Preparedness Helped In Navigating COVID-19 Impact

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You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

This article is part of a series on pioneering entrepreneurs in Kuwait that Entrepreneur Middle East has built in collaboration with Kuwait Finance House. Kuwait Finance House is considered a pioneer in Islamic finance or Sharia’a compliant banking, with it being the first Islamic bank established in 1977 in the State of Kuwait, and is today one of the foremost Islamic financial institutions in the world.
 

Floward, a Kuwait-based flower and gift delivery service, has secured a US$2.75 million funding, led by KSA firm Impact46 fund, with the participation of Faith Capital, BNK and other regional companies.

Founded in 2006 as floral, gift retailer and distribution company, it moved to

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AI Startup Vestun Launches Hedge Fund Navigating Market Turbulence

Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.

Vestun

Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.
Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.
Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.

Zurich, Switzerland, Oct. 07, 2020 (GLOBE NEWSWIRE) — Vestun, a Swiss-based financial and technology company has now opened the launch of its hedge fund to new outside investors. The firm which until now has been only managing its own capital announced that its investment vehicle will open to institutional investments including banks, multi-family offices and asset managers within certain jurisdiction. 

The company flagship strategy trades liquid US equities systematically. The strategy is designed to autonomously adapts its portfolio and risk exposure dynamically to the prevailing market conditions. In contrast to traditional systematic strategies, Vestun’s approach does not rely on statistical rules and historical events

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Navigating The Growing World Of Analytics

Peter Zornio is CTO for Emerson, a Fortune 200 global technology and engineering company headquartered in St. Louis, Mo.

In the manufacturing world, analytics is a hot topic right now — and for good reason. Manufacturing generates more data than any other sector, and according to McKinsey, analytics has the potential to deliver more than $4 trillion of growth in industrial manufacturing alone. At the same time, in a proprietary survey my company conducted last year, digital leaders in the industrial sector cited new technology such as artificial intelligence (AI) as the top driver for digital transformation.

But with growing buzz can come confusion. It’s estimated there are hundreds of companies supplying products and services, such as analytics, that are driving the Fourth Industrial Revolution — promising performance improvements utilizing everything from machine learning and computer vision to video content recognition and smart robots.

Recent press and attention surrounding

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