KAUST startup iyris places third in Startup Istanbul 2018

iyris, Oaesis and UnitX were selected from the top 100 startups out of over 90,000 applicants from over 80 countries in Asia and Europe.
Updated 04 November 2018
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KAUST startup iyris places third in Startup Istanbul 2018

Three King Abdullah University of Science and Technology (KAUST) startups have been named on the “Top 10” list of the best companies in the Startup Istanbul 2018 international competition, which took place from Oct. 19-22.
iyris, Oaesis and UnitX were selected from the top 100 startups out of over 90,000 applicants from over 80 countries in Asia and Europe.
iyris secured the third place in the conference and exhibition that brought together around 4,000 leading entrepreneurs, innovators, venture capitalists and investors to Istanbul as a meeting point between the East and the West. The startup was established by co-founders Derya Baran, KAUST assistant professor; Daniel Bryant; Nicola Gasparini; and Joel Troughton.
The solar energy-advocating startup, which recently won KAUST’s TAQADAM Startup Accelerator grant-based competition, develops transparent photovoltaic technologies that turn windows into solar panels while preserving the aesthetic aspect of buildings and blocking the heat.
Oaesis developed its laser-based energy efficient lighting system to maximize indoor farms’ yield using low energy yet providing the necessary light for growing plants.
UnitX provides customized products and services for high performance computing, helping companies in the military, mechanical, aerospace and reverse engineering industries engineer better products faster by adopting a simulation-assisted prototyping approach that relies on parallel computing.
The university supports emerging companies on their journeys from the early stages of ideation to marketing and financial support. KAUST also participates in several conferences and competitions locally and globally as part of the university’s efforts to contribute to diversifying the sources and means of economic development in the Kingdom by supporting a knowledge-based economy.


AHG denies link with Al-Habtoor Trading Enterprises

Updated 16 January 2019
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AHG denies link with Al-Habtoor Trading Enterprises

Al-Habtoor Group (AHG) has clarified that the group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al-Habtoor Trading Enterprises (HTE) and its owner Rashid Al-Habtoor.

This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al-Habtoor, founder and owner of Al-Habtoor Trading Enterprises.

A spokesperson for Al-Habtoor Group said: “We feel obligated to clarify that Al-Habtoor Group in all its divisions and Al-Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al-Habtoor Group in the UAE and overseas.”

“... Any actions or business decisions taken by Al-Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al-Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al-Habtoor Trading Enterprises business ventures.”