The Kingdom of Saudi Arabia and Rezolve AI Ink Pioneering MOU to Establish Global AI Market Leaders

The Kingdom of Saudi Arabia and Rezolve AI Ink Pioneering MOU to Establish Global AI Market Leaders
Dan Wagner, CEO and Chairman of Rezolve AI Limited and Saleh Al-Khabti, Deputy Minister of Investment Transactions for the KSA
  • Establishment of an AI Centre of Excellence in Saudi Arabia
  • Creation of Global Market Leaders

(Please Note on December 17, 2021, Rezolve AI entered into a definitive Business Combination Agreement (as amended and restated on June 16, 2023, the “Business Combination Agreement”) with Armada Acquisition Corp. I (NASDAQ: AACI), a publicly traded special purpose acquisition company, which is expected to close in H1 2024, subject to approval by Armada’s shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. Upon closing of the transaction, the combined company’s shares are expected to trade on the Nasdaq under the ticker symbol “ZONE”.)

LONDON, March 18, 2024 (GLOBE NEWSWIRE) — In a strategic move that highlights the Kingdom of Saudi Arabia’s commitment to technological advancement and economic growth, the Ministry of Investment of Saudi Arabia (MISA) has forged a groundbreaking partnership with Rezolve AI Limited. This collaboration is set to revolutionize the artificial intelligence (AI) landscape, establishing an AI Centre of Excellence in Saudi Arabia as a cornerstone of Vision 2030’s innovation and development goals.

Key Highlights of the Partnership:

• Establishment of an AI Centre of Excellence in Saudi Arabia: To serve as a hub for innovation, leveraging Rezolve AI’s unique technology to navigate and solve the industry’s pressing challenge of AI hallucinations, ensuring the creation of reliable and ethical AI solutions.

• Creation of Global Market Leaders: In partnership with the Ministry of Investment, the goal is to launch at least five AI ventures in diverse market sectors, funded and headquartered locally, each aspiring to become global market leaders. These ventures will leverage Rezolve’s cutting-edge AI Large Language Model (brainpowa) to foster innovation and ensure global leadership without succumbing to AI hallucinations.

The initiative is integral to Saudi Arabia’s strategic vision, positioning the Kingdom not just as a leader in AI technology but also as the foundation for global AI-driven companies. This underscores Saudi Arabia’s role as a nucleus for technological innovation and economic diversification.

The Ministry of Investment will facilitate the participation of leading public and private financial and corporate institutions to anchor and support Rezolve’s upcoming listing on NASDAQ. This demonstrates KSA’s commitment to being open for business and welcoming the next generation of global leaders, encouraging them to base their operations and Headquarters in the Kingdom.

At the signing ceremony in Riyadh last week, Saleh Al-Khabti, Deputy Minister of Investment Transactions for the KSA, and Dan Wagner, CEO and Chairman of Rezolve AI Limited, underscored the transformative potential of this partnership. It marks a significant milestone in Saudi Arabia’s journey toward becoming a global technology powerhouse, showcasing the Kingdom’s commitment to nurturing the growth of next-generation technology leaders on an international stage.

About Rezolve AI Limited

Rezolve is taking retailing into a new era of customer engagement with a proprietary mobile engagement platform. The Rezolve Platform is a powerful set of mobile commerce and engagement capabilities that provide mobile application vendors with a range of valuable commercial opportunities that can be realized without having to develop code, host operations or manage security. The Rezolve Inside SDK allows mobile application vendors to quickly deliver innovation for their consumers into existing or new mobile apps. Rezolve was founded in 2016, is headquartered in London, UK and has offices including: Shanghai, New Delhi, Taipei, Frankfurt, Madrid, Mexico City and Providence, RI, USA. (www.rezolve.com)

About Armada Acquisition Corp. I

Armada Acquisition Corp. I (Nasdaq: AACI) is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Armada was founded on November 5, 2020 and is headquartered in Philadelphia, PA.

Media contacts:

Ministry of Investment, Kingdom of Saudi Arabia:
InvestorCare@misa.gov.sa

Rezolve:
urmeekhan@rezolve.com
44-7576-094-040

Armada Acquisition Corp:
Mike Bishop Bishop IR, LLC mike@bishopir.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c01e8271-55cc-41e5-818e-e68133cdc513

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Perfect Match: American Legend John McEnroe Joins Forces With Pepperstone

Tamas Szabo, Pepperstone Group CEO; John McEnroe, Pepperstone Global Tennis Ambassador

MELBOURNE, Australia, March 18, 2024 (GLOBE NEWSWIRE) — One of the greatest and most exciting players in tennis history has partnered with Pepperstone, with former World No. 1 and seven-time grand slam singles champion John McEnroe joining forces with the globally recognised Forex (FX) and Contracts for Difference (CFD) broker.

McEnroe joins Australian and current World No. 9 Alex de Minaur in Pepperstone’s stable of stars, with the American becoming one of Pepperstone’s Global Tennis Ambassadors.

McEnroe is not only renowned for his exceptional tennis prowess but also for his charismatic and often outspoken personality, both on and off the court.

As a former World No. 1, McEnroe helped define the world of modern tennis and solidified a reputation for exceptional performance.

Additionally, his philanthropic efforts for various charities and youth development showcases his commitment to creating a positive impact.

The former champion said he was happy to join the Pepperstone team considering their track record of supporting the sport.

“I couldn’t ask for a better doubles partner than Pepperstone. They’ve got a history of supporting tennis and they’re clearly as passionate about the future of the sport as I am,” McEnroe said.

“Having been a Platinum Partner of the ATP and holding the naming rights of the Pepperstone ATP Rankings, Pepperstone supports tennis on a global scale.”

Pepperstone CEO Tamas Szabo said McEnroe is the perfect fit to partner with Pepperstone.

“John is a tennis icon whose influence extends beyond his remarkable achievements on the court, and we very much look forward to working together with him as our Global Tennis Ambassador,” Mr Szabo said. “Pepperstone will always be proud of being a Platinum Partner of the ATP, and we will continue to support the great sport of tennis for years to come.”

John Announcement Video – https://youtu.be/TZwrK-8ca60

Tamas Szabo, Pepperstone Group CEO;John McEnroe, Pepperstone Global Tennis Ambassador

Tamas Szabo, Pepperstone Group CEO John McEnroe, Pepperstone Global Tennis Ambassador

About Pepperstone:

Established in 2010, Pepperstone has grown to become an award-winning online global forex and CFD broker known for delivering exceptional client service and withdrawals to tens of thousands of clients around the world. Pepperstone has subsidiaries across the globe and is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySec), the Securities Commission of The Bahamas (SCB), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin) and The Capital Markets Authority of Kenya (CMA).

For more information, please visit www.pepperstone.com

Pepperstone: Marketing & Media media@pepperstone.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/709938f8-4466-4439-b732-57e0b472ff5c

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‫التطابق المثالي: الأسطورة الأمريكية جون ماكنرو يدخل في شراكة مع ببرستون

تاماس زابو، الرئيس التنفيذي لمجموعة ببرستون جون ماكنرو، سفير ببرستون العالمي للتنس

MELBOURNE, Australia, March 18, 2024 (GLOBE NEWSWIRE) — عقد أحد أعظم اللاعبين وأكثرهم إثارة في تاريخ التنس شراكة مع ببرستون، حيث انضم جون ماكنرو، المصنف الأول عالميًا سابقًا وبطل الفردي في البطولات الأربع الكبرى سبع مرات، إلى وسيط الفوركس وعقود الفروقات المعروف عالميًا.

ينضم ماكنرو إلى الأسترالي والمصنف رقم ٩ الحالي عالميًا أليكس دي مينور في مجموعة نجوم ببرستون، حيث أصبح الأمريكي أحد سفراء ببرستون العالميين للتنس.

لا يشتهر ماكنرو ببراعته الاستثنائية في التنس فحسب، بل أيضًا بشخصيته الجذابة والصريحة في كثير من الأحيان، داخل الملعب وخارجه.

بصفته المصنف الأول عالميًا سابقًا، ساعد ماكنرو في تعريف عالم التنس الحديث وعزز سمعته بالأداء الاستثنائي.

بالإضافة إلى ذلك، تُظهر جهوده الخيرية لمختلف المؤسسات الخيرية وتنمية الشباب التزامه بإحداث تأثير إيجابي.

قال البطل السابق إنه سعيد بالانضمام إلى فريق ببرستون بالنظر إلى سجلهم الحافل في دعم هذه الرياضة.

قال ماكنرو “لم أتمكن من طلب شريك زوجي أفضل من بيبرستون. لديهم تاريخ في دعم التنس ومن الواضح أنهم متحمسون لمستقبل الرياضة مثلي“.

نظرًا لكوننا شريكًا بلاتينيًا في اتحاد لاعبي التنس المحترفين ونمتلك حقوق تسمية تصنيفات ببرستون ATP، فإن ببرستون تدعم التنس على نطاق عالمي.”

قال تاماس زابو، الرئيس التنفيذي لشركة ببرستون، إن ماكنرو هو الشخص المناسب تمامًا للشراكة مع ببرستون.

وقال السيد زابو: “جون هو رمز للتنس يمتد تأثيره إلى ما هو أبعد من إنجازاته الرائعة في الملعب، ونحن نتطلع بشدة إلى العمل معه كسفير عالمي للتنس”. “ستظل شركة ببرستون فخورة دائمًا بكونها الشريك البلاتيني لرابطة لاعبي التنس المحترفين، وسنواصل دعم رياضة التنس الرائعة لسنوات قادمة.”

فيديو إعلان جون      
https://youtu.be/TZwrK-8ca60

تاماس زابو، الرئيس التنفيذي لمجموعة ببرستون جون ماكنرو، سفير ببرستون العالمي للتنس

تاماس زابو، الرئيس التنفيذي لمجموعة ببرستون جون ماكنرو، سفير ببرستون العالمي للتنس

نبذة عن بيبرستون:

تأسست ببرستون في عام ٢٠١٠، وتطورت لتصبح وسيطًا عالميًا لتداول العملات الأجنبية وعقود الفروقات عبر الإنترنت حائزًا على جوائز ومعروفًا بتقديم خدمة عملاء استثنائية وعمليات سحب لعشرات الآلاف من العملاء حول العالم. لدى ببرستون شركات تابعة في جميع أنحاء العالم وتخضع لرقابة هيئة الأوراق المالية والاستثمارات الأسترالية (ASIC)، وهيئة السلوك المالي في المملكة المتحدة (FCA)، وهيئة الأوراق المالية والبورصات القبرصية (CySec)، وهيئة الأوراق المالية في جزر البهاما (SCB)، سلطة دبي للخدمات المالية (DFSA)، والهيئة الاتحادية للرقابة المالية (BaFin)، وهيئة أسواق المال الكينية (CMA).

لمزيد من المعلومات، يرجى زيارة www.pepperstone.com

بيبرستون: التسويق والإعلامmedia@pepperstone.com

الصورة المصاحبة لهذا الإعلان متاحة على
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Mechanism of developing performance at Ministry of Oil and its affiliated units discussed


A meeting in Sana’a, chaired on Sunday by the Minister of Oil and Minerals in the caretaker government, Ahmed Daris, discussed the mechanism for developing performance, implementing activities and enhancing tasks in the ministry and its units.

The meeting touched on aspects related to the Ramadan program and the accompanying activities to promote faith identity and Quranic culture.

The Minister of Oil praised the efforts of the ministry’s leaders and cadres and its units, urging more giving and teamwork to develop the level of performance.

He pointed to the importance of benefiting from the Ramadan program and keenness to benefit from the lectures of the Leader of the Revolution, Sayyed. Abdul Malik Badr Al-Din Al-Houthi, because of their impact on strengthening the spirit of faith emanating from the Book of God, and working with the instructions and directives of the Leader to achieve the spiritual purposes of the obligation of fasting and obtaining reward and reward in this holy month.

Source: Yemen Ne
ws Agency

Israeli airstrikes claim 9 lives in Gaza’s Nuseirat campAl-Aqsa Football Championship begins in Hajjah

Gaza: The relentless airstrikes launched by Israeli forces early Monday claimed the lives of nine Palestinians and left several others injured. The targeted strike hit a residential home in Nuseirat Camp, situated in the heart of the Gaza Strip.

According to medical sources on the ground, the violence escalated as Israeli forces opened fire inside the Al-Shifa Medical Complex, a critical healthcare facility in Gaza City. This unwarranted aggression resulted in additional casualties, further exacerbating the humanitarian crisis gripping the Strip.

Medical authorities have expressed grave concern over the deteriorating situation, emphasizing the urgent need for humanitarian assistance to address the growing number of casualties. The indiscriminate attacks have not only claimed innocent lives but have also caused extensive damage to vital infrastructure, including medical facilities and residential buildings.

The death toll in Gaza now stands at 31,645, with the majority being children and women.

Source: Jo
rdan News Agency

The “Al-Aqsa Flood” Football Championship launched in the center of Hajjah Governorate, organized by the Activities Department of the Mobilization Office in the governorate, with the participation of 12 teams.

At the opening of the tournament, the representative of the Mobilization Office explained that the tournament comes within the activities of the national campaign to support Al-Aqsa, mobilization in support of the Palestinian people and al-Mujahideen in Gaza.

Source: Yemen News Agency

FM congratulates Russian counterpart on success of presidential elections


The Minister of Foreign Affairs of the caretaker government, Engineer Hisham Sharaf, sent a cable of congratulations to the Minister of Foreign Affairs of the Russian Federation, Sergei Lavrov, on the occasion of the success of the presidential elections and the re-election of President Vladimir Putin.

The Foreign Minister explained that the success of the elections confirms beyond any doubt the confidence of the Russian people in President Vladimir Putin, who has worked to strengthen the position of the Russian Federation on the international stage.

He expressed the appreciation of the Republic of Yemen, represented by the Supreme Political Council and the government, for Moscow’s principled position rejecting the aggression and the comprehensive blockade imposed on Yemen, and its emphasis on the importance of reaching a comprehensive peaceful political settlement, as well as Russia’s strong position rejecting the US-British aggression on Yemen as a result of Sana’a’s humanitarian and moral position in sup
port of the Palestinians who were subjected to genocide in the Gaza Strip.

Source: Yemen News Agency

Head of Tax Authority praises taxpayers’ developmental role


Head of the Tax Authority, Abdul-Jabbar Ahmed Mohamed, praised the developmental role played by tax taxpayers in the capital secretariat and republic provinces .

In his meeting a number of tax-paying businessmen, he pointed out that tax fees contribute greatly to supporting the economic front and financing development projects in various fields.

He pointed to the importance represented by tax revenues, especially since the aggression coalition controls the sources of sovereign oil and gas revenues.

In turn, businessmen and financiers appreciated the efforts of the head of the Tax Authority and his keenness to follow up on taxpayers’ requirements and involve them in formulating the tax work system, which embodies the trend towards voluntary compliance in paying tax fees.

They praised the qualitative transformations in tax procedures and the automation of various services that enable them to complete their transactions electronically in record time.

The meeting was attended by the Undersecretary of the Aut
hority for the Technical Sector, Waheed Al-Kabsi, and the Director-General of the Executive Unit for Senior Taxpayers, Amin Al-Houthi.

Source: Yemen News Agency

Ending consultative meeting on problems and needs of rural and coastal women


The women’s consultative meeting on the problems and needs of rural and coastal women, organized by the National Committee for Women in cooperation with the Women’s Protection Bloc, concluded today in Sana’a, under the slogan “Yemeni women are partners in development.”

The two-day meeting discussed the problems, difficulties and needs of coastal women, and the mechanism for empowering them in a way that preserves their dignity.

The recommendations stressed the importance of the National Committee for Women’s support for productive and marketing cooperative societies through training, qualification and awareness of the importance of production and economic empowerment.

The recommendations pointed to the importance of coordination and networking within the provinces, while intensifying the efforts of the National Committee for Women in supporting and improving basic educational, health and other services for coastal women , including cultural and religious awareness programs within empowerment programmes.

S
he urged unified efforts between the relevant authorities, the committee and its branches in all provinces in order to complete the work, noting the importance of the General Authority of Zakat adopting women’s economic empowerment projects in coordination with the committee.

The meeting was attended by the heads of the National Committee’s branches in the provinces, officials of women’s departments in government agencies, and a number of committee cadres

Source: Yemen News Agency

Minister of Works discusses situation of Yemeni Engineers Syndicate


Today’s meeting, chaired by the Minister of Public Works and Roads in the caretaker government, Ghaleb Mutlaq, discussed the situation of the Yemeni Engineers Syndicate.

The meeting touched on the importance of activating the role of the syndicate in terms of classification and registration of engineers and coordination with the Department of Registration and Classification of Contractors and Engineering Offices at the Ministry.

In the meeting, Minister Al-Mutlaq pointed to the importance of the Association’s role in developing and improving engineering performance in the various fields of construction and construction.

He stressed the keenness to enhance coordination between the ministry and the syndicate to serve common goals and the public interest in this important sector.

The Minister of Works in the caretaker government pointed to the importance of the union’s contribution to organizing engineering work in coordination with the ministry, as well as preserving the rights of workers in this sector.

T
he meeting was attended by the Undersecretary for the Housing Sector, Eng. Qassem Atef, the President of the Credit Bank for Housing, Eng. Nabil Al-Madani, the Secretary-General of the Syndicate, Eng. Abdullah Al-Ghaili, and a number of leaders of the Syndicate.

Source: Yemen News Agency

Forces’ units military march of Second Military District


Units from the Second Military District forces carried out a military march in Al-Bayda province under the slogan ‘You are not alone’ in support of the Palestinian people in Gaza Strip.

The military march that started from Radaa city to Al-Sawadiyah District in Al-Bayda province lasted 36 hours, after these units received special training courses.

The march reflected the level of training and qualification of the forces of the Second Military District in terms of military and combat tactics.

The participants in the march confirmed their readiness to implement the directives of the revolution leader , Sayyed Abdul Malik Badr al-Din al-Houthi, to advocate and support the brothers in Palestine , confront the forces of arrogance and the evil trio of America, Britain, and Israel.

Members of the Second Military District renewed their mandate to the Revolution Leader to take the appropriate steps and decisions to support the Palestinians who are being subjected to a war of extermination by the Zionist entity…
stressing their readiness to carry out the tasks entrusted to them with all competence and ability.

Source: Yemen News Agency

American-British aggression launched 10 airstrikes on Hodeida


The American-British aggression launched today,Monday, 10 airstrikes on Hodeida province.

A security official explained to the Yemeni News Agency (Saba) that the American-British aggression launched four airstrikes on Al-Faza area in Al-Tuhayta District, and targeted Al-Jabanah area, west of Hodeida, with six airstrikes.

Source: Yemen News Agency

Ministry of Industry launches price control campaign


The Ministry of Industry and Trade launched on Monday a field campaign to monitor the price and supply conditions and review the level of performance of the field monitoring teams on the markets.

During the launch of the campaign in cooperation with the Chamber of Commerce and Industry in Amanat Al-Asimah, the Undersecretary for Internal Trade Mohammed Qatran was briefed on the progress of monitoring carried out by the ministry’s field teams and its office in Sana’a on markets during the month of Ramadan.

Agent Qatran pointed out that the campaign comes in implementation of the outputs of the meeting of the Minister of Industry in the caretaker government, Muhammad Al-Mutahhar, with the leaders of the General Federation of Chambers of Commerce and Industry and Chambers of Commerce and Industry in the municipality and the governorates, and in addition to the directive of Marshal Mahdi Al-Mashat, Chairman of the Supreme Political Council, to coordinate between the ministry and the chambers of commerce to cont
rol prices in a way that protects consumers and traders.

The Undersecretary of the Ministry of Industry praised the level of implementation of field control plans on the markets through the level of commitment to price lists as well as supply stability. He pointed out that the ministry and its offices carry out daily monitoring operations on markets as part of the ministry’s plans to maintain price and supply stability and protect consumers from exploitation and fraud, especially in consumer seasons.

He stressed that the ministry is in continuous coordination with the private sector on providing suitable options for citizens of consumer goods at reasonable prices. He pointed out that the large supply of various goods confirms the success of the ministry’s plans, in cooperation with producers and importers, in providing alternatives to goods covered by the decisions to boycott American goods and the products of companies supporting the Zionist entity.

The Undersecretary reiterated that the boycott decisions
did not affect local markets thanks to the concerted and integrated efforts of the ministry with the private sector.

Source: Yemen News Agency