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Graphene-Enhanced Desalination Membrane Technology Advances to XPRIZE Water Scarcity Semifinals
Graphene-Enhanced Desalination Membrane Technology Advances to XPRIZE Water Scarcity Semifinals Clean TeQ Water (ASX: CNQ), NematiQ and Monash University have advanced as a Semifinalist team in XPRIZE Water Scarcity – the US$119 million, five-year global competition to revolutionise seawater desalination. Competing as the Graphene Enhanced Reverse Osmosis (GE-RO) team , the partnership is one of 17 Track B Semifinalists selected from a global field representing nine countries. XPRIZE Water Scarcity is designed to drive widespread access to clean water by creating reliable, sustainable and affordable seawater desalination systems. The competition is divided into two technical tracks: Track A focuses on system-level desalination innovations, while Track B targets novel materials and methods for the membranes themselves. Track B specifically seeks direct replacements for, or transformative enhancements to, conventional seawater reverse osmosis (SWRO) membranes, with a minimum operational lifetime of 10 years or more. The GE-RO platform applies a nanoscale Graphene Membrane coating to commercial thin-film composite SWRO substrates using the team’s proprietary shear-alignment process. During Qualified Teams Testing, the team successfully coated and validated the GE-RO process on conventional DuPont FilmTec and Hydranautics seawater reverse osmosis substrates, demonstrating platform compatibility across two of the most widely deployed commercial SWRO membrane families. GE-RO finished with 99.6% salt rejection and no decline in flux after completing the full accelerated durability protocol: six sequential stress blocks (thermal, pH, scaling, mechanical, biofouling and oxidant exposure) designed to simulate multi-year operational conditions. Product water following the protocol met World Health Organization drinking water guidelines in full; an uncoated control membrane subjected to the same conditions did not. “Being named a Semifinalist validates years of work by our team alongside Monash University to bring Graphene Membrane technology into the heart of the seawater desalination market,” says Clean TeQ Water CEO Peter Voigt. “Desalination is a critical part of the global response to water scarcity, and we believe GE-RO offers a credible path to longer membrane life, reduced chemical cleaning and lower whole-of-life cost, without requiring operators to change their existing infrastructure.” Graphene-Enhanced Reverse Osmosis (GE-RO) GE-RO is engineered as a drop-in upgrade for existing SWRO plants. The coated membranes fit standard 4040 and 8040 pressure vessels and operate within normal SWRO pressure ranges, allowing adoption without modification to plant infrastructure. Early testing indicates the hydrophilic, low-roughness graphene oxide surface resists organic fouling, biofilm initiation and CaCO3 scaling. These are the three mechanisms that drive cleaning frequency and progressive flux decline in conventional polyamide membranes. In dedicated antifouling testing, GE-RO exhibited a flux decline of 17.8% compared with 23.9% for the standard RO control, and recovered 87.6% of its initial flux after a simple DI water rinse, compared with 72.5% for the control. Professor Mainak Majumder of Monash University, who leads the academic research underpinning the platform and directs the ARC Research Hub for Advanced Manufacturing with 2D Materials ( AM2D ), said the Semifinalist outcome reflected the technology’s progression from laboratory science to industrial-scale application. “Our goal has been to turn graphene science into a membrane that desalination plants can use today, without rebuilding their infrastructure,” Professor Majumder said. “These results show the chemistry holding up under exactly the conditions that wear conventional polyamide membranes out, and the Semifinals will let us demonstrate that performance at scale.” The GE-RO team builds on commercial-scale manufacturing experience with the Graphene Enhanced Ultrafiltration (GE-UF) platform, which NematiQ already produces in 4040 and 8040 module formats. Early field trials have also been completed for a PFAS-selective variant of the GE-UF membrane. The next stage of work is expected to involve producing 1812-sized spiral-wound modules on the team’s roll-to-roll demonstration coating line in Melbourne, with side-by-side module testing against conventional SWRO membranes to follow. The team will now progress to Semifinals testing, where up to five teams will advance from the 17 Track B Semifinalists to the Finals. The Semifinals stage assesses the safety, performance, sustainability and scalability of novel materials and methods, with teams submitting Life Cycle Analysis, Safety Data Sheets and a scalability plan. Track B Semifinals testing is scheduled for Q3 2026, with finalist teams announced in Q4 2026. Interested in NematiQ Graphene Membranes? Contact us through the form below.
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- May 12, 2026Top Stories
Lower.com Releases New Report Showing Buying a Home Now Beats Renting in Nearly Half of U.S. Cities
Lower.com has released a new housing market analysis showing that in 64 of the 136 U.S. cities studied, buying a home now makes more financial sense than renting when the full cost of ownership is taken into account. The report, released Monday, examined housing markets where home prices fall within Federal Housing Administration loan limits, making them accessible to first-time buyers with down payments as low as 3.5 percent. Rather than comparing gross mortgage payments against rent, Lower factored in the equity homeowners build each month through principal paydown and local home price appreciation, arriving at what it calls the net cost of owning. The approach shifts the calculus significantly in many markets. "Homeownership is one of the most powerful wealth builders in America, and this study shows why," said Dan Snyder, CEO of Lower. "When you factor in the equity homeowners build each month, the case for buying in the right market becomes much clearer." Cleveland Stands Out in the Midwest Among the report's most striking findings is the strength of midwestern markets, where 20 of 28 cities analyzed favor buying over renting. Cleveland ranks first in the region and third nationally, with buyers coming out $1,359 per month ahead of renters on a net-cost basis. The city's estimated monthly mortgage for a median-priced home runs $1,578, but an 8.6 percent annualized appreciation rate, among the highest in the study, generates roughly $1,314 in monthly home equity through appreciation alone. Add in first-month principal paydown of $173, and the net cost of owning in Cleveland falls to just $91 per month against a median three-bedroom rent of $1,450. Those figures draw from Cleveland real estate market trends tracked by Movoto, the real estate search platform that served as the study's primary source for listing prices and city-level appreciation data. Movoto is a Lower company, and its market data formed the backbone of the report's appreciation calculations across all 136 cities. Dayton and Akron post similar profiles, with appreciation rates of 7.0 and 6.2 percent respectively and monthly mortgage payments well under $2,000. Detroit rounds out the Ohio-Michigan corridor at plus $989 per month, driven by 7.7 percent appreciation. The common thread across the region is affordable entry prices paired with appreciation that has meaningfully outpaced the national study average of 1.6 percent annualized from 2023 to 2026. The Equity Factor Changes Everything The core argument of the report is that the standard rent-versus-buy comparison leaves out the most important variable: equity. When a homeowner makes a monthly mortgage payment, a portion goes toward paying down the loan balance directly, money that stays with the homeowner rather than a landlord. In markets where home values are also rising, that effect compounds. The Lower analysis separates these two equity streams — guaranteed principal paydown and market-dependent appreciation — so readers can see what is locked in versus what depends on local conditions. Nationally, the study found 34 of its 136 cities posted negative appreciation between 2023 and 2026, meaning that in those markets, falling home values offset the equity built through principal payments and pushed the net cost of owning higher. The report is explicit that past appreciation is not a guarantee of future performance and cautions buyers against treating any single city's recent growth rate as a projection. Hartford, Connecticut, tops the national rankings at a $3,138-per-month advantage, driven by an 11.1 percent annualized appreciation rate that the report itself describes as an outlier driven by supply constraints. Worcester, Massachusetts, comes in second at plus $1,800 per month with a more moderate 5.8 percent appreciation rate. The Northeast region as a whole had the highest share of buy-favoring markets at 86 percent, though it also had the fewest cities analyzed. FHA Loans at the Center of the Analysis The report's focus on FHA-eligible markets is deliberate. FHA loans, backed by the Federal Housing Administration, allow qualified buyers to put down as little as 3.5 percent and accept lower credit scores than conventional mortgages typically require. Lower's analysis used the 2026 FHA national loan limit of $541,287 as its upper boundary, filtering out higher-priced markets where first-time buyers are less likely to compete. All monthly cost estimates assume a 5 percent down payment and a 6.11 percent 30-year fixed rate, reflecting Freddie Mac's March 12 weekly average. The rent figures used as a comparison benchmark come from the U.S. Department of Housing and Urban Development's Small Area Fair Market Rents for three-bedroom units at the zip code level, representing the 40th percentile of gross rents for standard-quality units. Using zip-level rents rather than broad metro averages gives each city its own localized baseline, which the report argues produces a more honest comparison. Lower notes that its ownership cost estimates do not include maintenance, closing costs, homeowners association fees, or the opportunity cost of the down payment — factors that can add meaningfully to the real cost of owning. The company encourages prospective buyers to use the study as a starting point and consult a loan officer for a personalized estimate. What It Means for First-Time Buyers The study's 47 percent figure — the share of cities where buying beats renting — sits close to the midpoint, a finding Lower describes as more nuanced than national headlines about the housing affordability crisis typically suggest. The National Association of Realtors has reported that first-time buyers made up just 24 percent of home purchases in the 2023 to 2024 period, the lowest share since 1981, as elevated prices and mortgage rates have pushed many prospective owners to the sidelines. Lower's analysis suggests the picture varies enormously depending on where a buyer is looking. In the Midwest and parts of the South, including Montgomery, Alabama, and Newport News, Virginia, the monthly advantage of owning over renting exceeds $1,000 once equity is factored in. In the West, where appreciation between 2023 and 2026 was modest in most markets, only 35 percent of cities favor buying. The report's broader takeaway is that the rent-versus-own decision is fundamentally a local one. "National averages tell you almost nothing about your specific city," the report states. "The gap between the best and worst markets spans thousands of dollars per month." For first-time buyers evaluating options, the study offers a city-by-city breakdown of gross mortgage costs, median rents, appreciation rates, and monthly equity built — a framework that makes the comparison concrete rather than conceptual. The full report and methodology are available at lower.com/insights . About Lower.com Lower.com is a financial technology and mortgage company focused on simplifying the home financing process through digital tools and data-driven insights. The company provides mortgage solutions designed to support homebuyers across a range of markets, including FHA-eligible segments. Lower.com integrates housing data, including Cleveland real estate market trends, into research and analysis to support informed decision-making. The company references market benchmarks such as Freddie Mac's March 12 weekly average and industry data from the National Association of Realtors in its reporting and insights.
- May 12, 2026Top Stories
Fujifilm Announces Financial Results for the Fiscal Year Ended March 31, 2026
FUJIFILM Holdings Corporation announced today financial results for the full-year of fiscal year ended March 31, 2026. Full-Year Results for the Fiscal Year Ended March 31, 2026 Revenue was JPY3,357.0 billion and increased 5.0% year-over-year. Operating income was JPY350.2 billion and increased 6.1% year‑over‑year. Net income attributable to FUJIFILM Holdings was JPY276.7 billion and increased 6.0% year‑over‑year. The annual dividend for FY2025 is expected to be JPY70 per share, marking the 16th consecutive annual increase. Outlook for Fiscal Year Ending March 2027 For the fiscal year ending March 2027, the company projects record high financial performance, with revenue of JPY3.47 trillion, supported by the expanded operation of large-scale Bio CDMO facilities and increased sales of semiconductor materials. Operating income is expected to rise 4.2% year-on-year to JPY365.0 billion, reflecting strong performance in the Electronics and Imaging segments. Net income attributable to FUJIFILM Holdings is forecasted at JPY280.0 billion. This outlook does not incorporate the potential impact of fluctuations in raw material prices and energy costs associated with heightened geopolitical tensions in the Middle East, given the significant uncertainty surrounding future developments. The annual dividend for the fiscal year ending March 2027 is forecasted at JPY75 per share, marking the company’s 17th consecutive annual dividend increase. “We achieved record-high revenue, operating income, and net income, driven by strong performance in the Healthcare segment supported by the operation of new Bio CDMO facilities, solid results in semiconductor materials within the Electronics segment, and steady growth in the Imaging segment, including digital cameras.” said Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. “In this current fiscal year, our focus is on achieving sustainable growth by expanding our semiconductor materials business and scaling production capacity in the Bio CDMO business. We are committed to accelerating progress toward the goals outlined in VISION2030 and establishing Fujifilm as a collection of global leading businesses.” Fourth-quarter financial highlights from January to March by business segments In the fourth quarter, revenue increased by 6.8% year-over-year to JPY927.3 billion. Operating income was JPY101.8 billion, representing a 4.8% year-over-year decrease. Net income attributable to FUJIFILM Holdings increased by 5.0% year-over-year to JPY83.4 billion. Healthcare Revenue increased by 5.4% year-over-year to JPY333.6 billion, while operating income declined by 34.7% year-over-year to JPY29.7 billion, primarily due to the higher raw material costs due to surging silver prices. In the Medical Systems business, strong sales of endoscopes across major markets, including the United States and Europe, together with concentrated deliveries from large-scale contracts, resulted in an approximate 30% increase in sales, contributing to revenue growth. The Bio CDMO business recorded higher revenue, supported by the operation of new facilities at the Denmark site, while the LS Solutions business also achieved revenue growth as the market for cell culture media continued to recover. Electronics Revenue increased by 27.4% year-over-year to JPY127.5 billion, and operating income rose by 74.0% year-over-year to JPY30.7 billion. In the Electronic Materials business, revenue increased by 29.3% year-over-year, driven by strong demand for advanced semiconductor materials used in generative AI. In the Advanced Functional Materials business, revenue increased by 24.1% year-over-year, supported by strong sales of display materials as well as increased sales of large capacity data tapes for major IT companies. Business Innovation Revenue decreased by 3.5% year-over-year to JPY324.8 billion, and operating income declined by 15.4% year-over-year to JPY27.0 billion. In the Business Solutions business, revenue growth was primarily driven by the expansion of solutions related to digital transformation. In the Office Solutions business, revenue declined due to sluggish market conditions in the Asia-Pacific region and the strategic streamlining of low-margin product offerings. In the Graphic Communications business, revenue remained largely flat, as increased sales of xerographic equipment in new markets were offset by reduced demand for printing plates and related products in Europe amid weak market conditions. Imaging Strong sales of instant photo systems and digital cameras drove revenue up by 22.6% year-over-year to JPY141.4 billion, while operating income increased by 1.1% year-over-year to JPY24.5 billion. In the Consumer Imaging business, steady sales growth of core instax™ models such as the instax mini 12™ and instax mini Evo™, as well as solid sales of products including the instax WIDE 400™, instax Link 3™, and instax WIDE Evo™, contributed to revenue growth by expanding the user base. In the Professional Imaging business, strong performance of models launched during the current fiscal year, including the GFX100RF, X half, X‑E5, and X‑T30 III, together with continued sales of existing models, supported overall revenue growth. For more details, please visit the Investor Relations section of Fujifilm website Earnings Presentations
- May 12, 2026Apps & Software
CHANEL Official Flagship Store Debuts on JD.com with Exclusive Beauty Launches for Gifting Season
As demand for premium beauty and luxury gifting continues to grow in China, JD.com is further expanding its portfolio of global prestige beauty partners through a new partnership with CHANEL. On May 11, the official CHANEL Fragrance & Beauty flagship store officially launched on JD.com, bringing consumers access to the brand’s iconic fragrance, makeup and skincare collections through a trusted and premium online shopping experience. The opening comes during China’s peak gifting season surrounding Mother’s Day and May 20th Internet Valentine’s Day in China. To mark the launch, CHANEL is introducing several JD.com-exclusive beauty offerings, including the LES BEIGES HEALTHY GLOW SUMMER ESSENTIALS and the HYDRA BEAUTY Micro Sérum Lèvres, providing consumers with elevated gifting choices and limited-edition luxury experiences. The partnership also highlights JD.com’s growing momentum in the imported high-end beauty category. Since 2025, JD Beauty has continued to deliver industry-leading growth rate in premium international beauty, supported by JD.com’s longstanding strengths in authentic product assurance, fast delivery and customer service excellence. Increasingly, international luxury beauty brands are choosing JD.com as a strategic platform for reaching Chinese consumers online. Looking ahead, JD.com and CHANEL will further expand collaboration by bringing more new launches, exclusive collections and limited-edition products to its 700 million+ consumers in China, while continuing to elevate the online luxury beauty experience through trusted service and refined customer engagement.
- May 12, 2026Top Stories
Delta Thailand Included in Dow Jones Best-in-Class Indices 2026 for the Fifth Consecutive Year
Delta Electronics (Thailand) Public Company Limited, a global leader in power management and smart green solutions has been included in the Dow Jones Best-in-Class Indices (DJ BIC, formerly DJSI) for the fifth consecutive year since 2021. The recognition follows Delta Thailand’s continued progress in sustainability, including its net-zero greenhouse gas (GHG) emissions target across the value chain by 2050, approved by the Science Based Targets initiative (SBTi) as part of Delta Electronics, Inc.’s subsidiaries, and its RE100 commitment to achieve 100% renewable electricity by 2030. Both initiatives remain on track as planned. As of 2025, Delta Thailand and its subsidiaries have collectively achieved 69% renewable electricity. Delta Thailand is also the only Thai company in the “ITC Electronic Equipment, Instruments & Components” industry segment included in the indices. Delta Thailand is listed in the Dow Jones Best-in-Class World Index, a global benchmark for sustainability performance, reflecting its high performance in S&P Global’s Corporate Sustainability Assessment (CSA), which identifies leading companies based on long-term economic, environmental, and social criteria. "Delta Thailand’s inclusion in the DJ BIC for the fifth consecutive year demonstrates the impact of our sustainability initiatives and our commitment to continuous improvement. Through the assessment, we gain valuable insights to strengthen our performance against global benchmarks. Delta Thailand’s performance would not be possible without the commitment of our employees," said Victor Cheng, Chief Executive Officer, Delta Thailand. Advancing Decarbonization and Clean Energy Transition In 2026, Delta Thailand was also recognized in the Clean200™ for the second consecutive year. The Clean200™ is a global ranking that evaluates more than 8,000 companies and identifies 200 publicly traded firms generating substantial revenue from sustainable solutions. Additionally, Delta is committed to a net-zero greenhouse gas (GHG) emissions target across the value chain by 2050, approved by the Science Based Targets initiative (SBTi), using 2021 as the base year. The company aims to reduce Scope 1 and Scope 2 emissions by 90% by 2030 and Scope 3 emissions by 25%, with a long-term target of a 90% reduction across all scopes by 2050. These commitments represent a structured approach to decarbonization and support the transition to a low-carbon future. Furthermore, Delta has committed to RE100, targeting 100% renewable electricity by 2030, supported by an innovative internal carbon pricing mechanism. About the Dow Jones Best-in-Class Indices The Dow Jones Best-in-Class Indices are a family of float-adjusted market capitalization weighted indices that track equity markets while applying a sustainability best-in-class selection process. Each year, more than 12,000 companies are invited to participate in the CSA. Approximately 3,500 of the largest companies globally are assessed and considered for inclusion in the Dow Jones Best-in-Class Indices. Delta Thailand’s inclusion in the DJ BIC, based on the CSA, reflects its strong ESG performance and continued progress in addressing environmental risks, improving resource efficiency, and advancing toward net-zero operations. The company’s continued recognition reinforces Delta Thailand’s position as a sustainability leader in the industry. Delta Thailand remains committed to sustainable development, long-term value creation for stakeholders, and contributing to a more resilient and energy-efficient future.
- May 12, 2026Travel & Leisure
Mandarin Oriental, Bodrum Ushers in a New Era with Legendary Tennis Coach Patrick Mouratoglou
Mandarin Oriental, Bodrum is proud to have hosted one of the most anticipated openings of the season, unveiling the Mouratoglou Tennis Center at the resort. The inauguration was attended by Patrick Mouratoglou, founder of the globally renowned Mouratoglou brand and one of the most influential figures in professional tennis. Following an elegant opening ceremony, a full programme of high-energy tennis and padel matches created a vibrant atmosphere. Turkish tennis icon İpek Soylu was among the distinguished guests, with prominent figures such as Zeynep Tuğçe Bayat, Anıl Altan, Ece Sükán and Cansel Elçin, all coming together to share in the excitement of this event. And as the sun set over the Aegean Sea, the celebrations culminated in an exclusive gala dinner. A defining partnership in Türkiye The Mouratoglou Tennis Center selected Mandarin Oriental, Bodrum to be its sole and long-term location in Türkiye. Its philosophy is world-renowned for shaping champions such as Serena Williams and Stefanos Tsitsipas. And now this exclusive collaboration brings Mouratoglou's visionary methods to Bodrum and places elite professional tennis at the heart of the resort's experience. As Patrick Mouratoglou explains: “Bodrum holds a very important place on the global luxury tourism stage, and Mandarin Oriental, Bodrum stands out as a rare and exceptional resort with its vision and long-term investment. Collaborating with such a strong brand in such an extraordinary location is incredibly meaningful.” Nestled within the spectacular scenery of the Aegean, Mandarin Oriental, Bodrum has three tennis courts and three padel courts. Guests at this luxury retreat can now explore their potential through a wider range of activities, where the energy of sport meets Mandarin Oriental Hotel Group's signature service philosophy, catering to players of all levels. A lifestyle destination Mandarin Oriental, Bodrum 's shopping promenade is one of the Riviera's most distinguished luxury selections, hosting iconic maisons such as Audemars Piguet, Hermès, Louis Vuitton, Cartier, Brunello Cucinelli, Piaget, Van Cleef & Arpels, Chanel, Chopard and Zimmermann. Complemented by nearly 40 international and leading Turkish designer brands including Adamo, Alo Yoga, Bee Goddess, Beymen, Bluemint, Elie Saab, Golden Goose, Vakko, Vilebrequin and %100 Capri, the resort has firmly positioned Bodrum at the heart of global luxury retail. A culinary journey Guests at Mandarin Oriental, Bodrum are invited to experience an exceptional culinary landscape, where the gastronomy of each destination tells a unique story. Gigi Bodrum returns this season with its iconic Alla Grande lifestyle, now in its private beach setting. Maison Revka brings an enchanting blend of French elegance and Slavic heritage to Türkiye for the first time. GAIA , inspired by Greek culinary traditions, expands its Mediterranean journey to Bodrum. Celebrated global names Roka and Hakkasan deliver outstanding Far Eastern and Cantonese cuisine. The good life Set within the captivating natural landscape of Paradise Bay, these developments reflect Mandarin Oriental, Bodrum's vision of sport, fashion and gastronomy, and invite guests to enjoy a refined art de vivre – which is special in every detail. Volkan Öztürkler, General Manager of Mandarin Oriental, Bodrum, concludes: “Our position as one of the Mediterranean's most distinguished resorts has been recognized with more than 250 prestigious global awards, including Forbes, Michelin Key and Condé Nast. At the core of this success lie our timeless approach to the highest standards, exceptional hosting philosophy and visionary collaborations that shape the future.” Mandarin Oriental, Bodrum Located on a 60-hectare waterfront site on the northern side of the Turkish peninsula at Paradise Bay, offering panoramic views over the Aegean Sea. The resort's 122 Rooms, Apartments, Suites and Villas provide the largest accommodation in the area, all with terraces or balconies, and many with private gardens and infinity-edged pools. Twelve restaurants and bars showcase innovative and gastronomic cuisine, while the 2.700 sq m Spa introduces the Group's awarding-winning spa concepts. In addition, the resort offers diverse event spaces, a private sandy beach, extensive leisure facilities, and a selection of high-end global brand boutiques, making it the ultimate luxurious hideaway for discerning travelers seeking sophistication and elegance. Media Gallery
- May 12, 2026Finance & Loan
UAE-Founded Sarwa Crosses the $1B Client Assets Mark — a Historic First for Homegrown Fintech
Sarwa, one of the GCC’s leading investment and personal finance platforms, recently crossed $1 billion in client assets under management, making it the first GCC-made fintech to achieve this milestone. The achievement, reached amid the broader region’s geopolitical uncertainty, signals a resilience for the UAE's financial infrastructure. Sarwa’s $1 billion mark underscores the ways retail investors in the UAE are actively shaping the next phase of growth in the region. Co-founder and Group CEO, Mark Chahwan, attributes the growth milestone to changing investor behaviour and compounding momentum. "Back when we started, people said retail investing wouldn't work in MENA, that the environment was different from the west. Hitting and then crossing $1 billion proves that retail investors were just underserved, and this community has become remarkably strong," Chahwan said. Co-founder and CTO Jad Sayegh, who built the platform's technical infrastructure, views the milestone as validation of their thesis. "This achievement belongs to our clients. It's their money, their portfolios, their growth. The speed at which we’ve reached this point shows how quickly momentum builds once people start investing," Sayegh said. Licensed and regulated by the Abu Dhabi Global Market (ADGM), the achievement highlights the role the ADGM plays in fostering innovation and enabling retail-focused financial platforms to grow. Amongst its other achievements, Sarwa has received recognition from Forbes Middle East, appearing on the magazine's cover in 2023 and ranking in its Top 20 Fintechs list in 2025. The GCC fintech sector continues to expand at pace, projected to grow at a 15% compound annual growth rate through 2030. With only 6% of UAE residents invested in stocks, bonds, and funds - a number significantly below developed countries like the US - the UAE is witnessing the early days of its projected growth. As the UAE establishes itself as a leading global hub for innovation, the changing fintech sector has enabled startups like Sarwa to scale into regional players. Chahwan and Sayegh, both 33, along with co-founder and previous CMO, Nadine Mezher, raised $25 million across funding rounds, prior to Sarwa reaching profitability in 2024. Among their key investors are Mubadala Investment Company, 500 Startups, Kuwait Projects Company (KIPCO), Shorooq Partners, and Middle East Venture Partners (MEVP). Sarwa differentiates itself through its intuitive interface and its educational resources that address financial literacy gaps. The platform plans to build on this momentum by continuing to expand its offerings and deepen access to investing for individuals across the region. Disclaimer: $1 billion refers to the fair value of all client holdings, including equities, options, cryptocurrencies, and cash across Sarwa Invest, Sarwa Trade, Sarwa Crypto, and Sarwa Save. The value of holdings varies over time based on net deposits and market performance. About Sarwa Sarwa is a leading investing and money management platform on a mission to help everyone put their money to work. The one-stop app offers hands-off auto-investing with Sarwa Invest, DIY trading of stocks, ETFs, and crypto with Sarwa Trade, as well as high estimated returns with Sarwa Save. Sarwa Digital Wealth (Capital) Limited is regulated by the ADGM Financial Services Regulatory Authority (FSRA) as a Category 3C entity. All Promotional materials are provided from/by Sarwa Digital Wealth (Capital) Limited and are intended only for jurisdictions where it is authorised to provide services and do not constitute an offer or solicitation to provide services in any jurisdiction where it is not permitted to do so. Sarwa is not a bank. Options trading entails significant risk and is not appropriate for all customers and may involve the potential of losing the entire investment in a relatively short period of time. We can unlock high-yield accounts through our banking partners. Sarwa does not hold an Islamic Window endorsement from the Financial Services Regulatory Authority (FSRA). Clients are advised to conduct their own due diligence to ensure that investments align with their personal requirements. Please visit our Disclaimer Notice page for further information.
- May 12, 2026Automotive
Advancing on Three Fronts—Technology, Product, and Ecosystem—OMODA & JAECOO Set Sights on Annual Million
During the Chery International Business Summit held in April 2026, OMODA & JAECOO announced that global cumulative sales had surpassed one million units in just three years. Simultaneously, the brand unveiled its 2027 strategy, setting the goal to move “From Million To Annual Million.” To achieve this, OMODA & JAECOO outlined clear implementation pathways across three areas: core technology, user co-creation, and ecosystem scenarios. Technology: Addressing Global Mobility Pain Points with Hybrid and Intelligent Driving Confidence in reaching annual million comes from technological solutions built around real-world needs and pain points. On the powertrain front, the Super Hybrid System developed by OMODA & JAECOO achieved fuel consumption of just 3.4L/100 km in recent real-world testing by media from nine countries. This directly addresses high fuel price and the growing demand for energy efficiency, while also meeting stricter environmental regulations and reducing user anxiety over running costs. The system has become a key enabler for the brand in the global hybrid market. Moving forward, HEV models including OMODA5 SHS-H, OMODA7 SHS-H, and JAECOO7 SHS-H will be launched in global markets, bringing Super High Power and Super Efficiency to more users. On the intelligent driving front, SIVP (Super Intelligent Valet Parking) has completed global public real-world testing. In extreme parking scenarios—such as narrow streets, ultra-tight spaces, and dead-end roads—this technology enables fully autonomous operation - precisely addressing frequent parking challenges and significantly enhancing daily convenience and the product’s competitiveness. Products: Building the Cars Young Users Truly Want Through Co-Creation Ultimately, technology speaks through products. OMODA & JAECOO remain committed to a user-driven co-creation model, allowing young users worldwide to participate in core R&D processes—from naming to feature development. The effectiveness of this model has been proven. With global cumulative sales exceeding 400,000 units, OMODA 5 has secured its position as a global best-seller in the A0-segment SUV, validating the strategy of winning user tribes through product resonance. Building on this logic, OMODA 4 underwent multiple rounds of user co-creation. From its Cyber-Mecha aesthetic design to the AI Cabin and esports-inspired features, everything was co-defined by young users to ensure the product truly fits the aesthetic and usage preferences of its target audience. OMODA 4 has officially rolled off the production line and will be launched in phases this year, providing a stronger product foundation for the “From Million To Annual Million” goal. Ecosystem: From Product Provider to Lifestyle Co-Creator Beyond technology and products, OMODA & JAECOO are further expanding their ecosystem scenarios, evolving from “product providers” to “lifestyle co-creators.” The Ecosystem Pavilion, built around the “Ecosystem Tree” concept, features scenarios including outdoor living, pet travel, and esports entertainment, covering technology, culture, and lifestyle. The debut of the AiMOGA robot further expands the intelligent boundaries of the brand’s ecosystem. On the cultural front, OMODA & JAECOO launched the “Auto Grommy”—the OMODA Global Music Festival, spanning 18 countries and featuring 18 artists. This cutting-edge audiovisual event deeply integrates automotive culture with global youth culture. At the same time, the brand continues its partnership with VALORANT to connect with the esports community and build stronger resonance with young users through more targeted engagement. Together, these three pillars—technology, products, and ecosystem—are driving OMODA & JAECOO as they accelerate “From Million To Annual Million.” In summary, OMODA & JAECOO have clearly outlined their methodology for achieving annual million: addressing real pain points through hybrid technology and intelligent driving, defining precise products through co-creation mechanisms, and building deep user connections via a comprehensive ecosystem. With these three elements working in synergy, the brand is accelerating its progress from cumulative sales of one million to annual sales of one million. *SIVP(Super Intelligent Valet Parking) is an assisted driving feature and does not replace the driver. Stay alert and be ready to take over at any time. About OMODA & JAECOO In 2025, Chery Group, the parent company of OMODA & JAECOO, ranked 233rd in the Fortune Global 500, achieving the fastest ascent among global automakers, and maintained its position as China's top passenger vehicle exporter for 23 consecutive years.OMODA & JAECOO takes "Co-Create A Beautiful Life With Young People" as its brand vision, while OMODA focuses on building“The World's Leading Crossover Brand”, JAECOO adheres to the philosophy of "From Classic Beyond Classic" and is committed to building“Global Elegant Off-Road Brand”, and building differentiated competitiveness through dual routes. By 2025, the OMODA & JAECOO brand has expanded into 69 markets worldwide, covering Europe, Asia, Australia, Africa, Latin America, the Middle East, and more，demonstrating strong global growth momentum，especially in the European market, becoming the fastest growing car brand in Europe and even the world. In the field of new energy vehicles,OMODA & JAECOO relies on the world's leading SHS technology, with Super High Power，Super Low Efficiency，Super Long Combined Range，while providing efficient new energy solutions for global users, but also steadily advancing towards the objective of becoming the "The World's Number One Hybrid Brand". Notably, beyond its continuous breakthroughs in the core automotive sector, OMODA & JAECOO has extended its technological innovation into the field of intelligent technologies. The robot, jointly developed with the AiMOGA team, has entered real public service scenarios and made its official debut at the Asian Youth Para Games，representing a landmark practice in automakers’ intelligent transformation and further expanding the brand’s value boundaries.
- May 12, 2026Automotive
Uniting Global Consensus, LUXEED Gigafactory Sets a New Benchmark for Intelligent Vehicle Manufacturing
LUXEED Gigafactory stands as a world-class modern manufacturing base built in accordance with Industry 4.0 standards and lighthouse factory benchmarks. It deeply integrates cutting-edge digital technologies including cloud computing, big data, Internet of Things and 5G, forging a fully intelligent and digitalized end-to-end production system. The factory has achieved 100% compliance in four core indicators: production line automation rate, connection process automation rate, key process automation rate and inspection and testing automation rate, with an efficient production capacity of one complete vehicle rolling off the production line every minute. Moreover, the factory has established a comprehensive and stringent inspection and testing system. Every completed vehicle undergoes nearly 10,000 comprehensive inspection procedures, with simulations of various extreme driving scenarios to precisely detect defects as minor as 0.1mm paint scratches. Such extreme quality control standards ensure that no defective vehicles leave the factory, firmly safeguarding product quality. The body shop of LUXEED Gigafactory, covering a construction area of nearly 90,000 square meters, is a benchmark base for intelligent manufacturing in the industry. Equipped with internationally leading intelligent production lines, it boasts the flexible co-production capacity of 8 models across 4 platforms, with an annual production capacity exceeding 300,000 vehicles, serving as the core showcase of LUXEED's robust manufacturing strength. The body shop is staffed by more than 600 intelligent robots, enabling highly automated welding operations. The welding process for a single vehicle body takes only two hours. Meanwhile, the vehicle adopts a five-longitudinal and ten-lateral body frame and a rectangular front crash beam design, comprehensively building a solid vehicle safety protection system and laying a solid foundation for product quality. The assembly workshop, covering an area of 106,000 square meters, is constructed in strict accordance with the lean production concept. Guests can gain in-depth understanding of two flagship core technologies — the “Snowy Owl” Extended-Range Technology and the Tuling Platform Technology. The “Snowy Owl” Extended-Range Technology effectively improves vehicle cruising range while optimizing the smoothness of power output, striking an ideal balance between endurance performance and riding comfort. Through intelligent chassis tuning, the Tuling Platform delivers a more stable and comfortable driving experience, fully demonstrating LUXEED’s strong independent research and development capabilities. On April 27, LUXEED International held the Exclusive Tour of LUXEED Gigafactory, part of the LUXEED ‘”I” Drive, You Enjoy’ themed series activities. Nearly 30 overseas dealers and media representatives from Poland, Egypt, the United Arab Emirates and other countries gathered at the factory. Through comprehensive factory exploration, on-site visits to production workshops and in-depth interactions, they fully experienced the intelligent manufacturing level of LUXEED Gigafactory and directly witnessed the brand's technological breakthroughs and strict adherence to quality in the field of intelligent manufacturing. This in-depth visit by global dealers and media fully demonstrated the modern intelligent manufacturing strength of LUXEED Gigafactory featuring intelligence and digitalization, and allowed international partners to directly see the achievements of LUXEED's in-depth integration of cutting-edge technology and high-end manufacturing. In the future, LUXEED will continue to deepen its presence in the intelligent manufacturing sector, build high-quality intelligent vehicles with top production technologies and strict quality control, further consolidate the brand's global competitiveness, and promote the continuous upgrading of intelligent manufacturing in the automotive industry.
- May 10, 2026Automotive
R&D Investment Growth Outpaces Gross Margin Growth as EXEED Showcases Its Technology Portfolio at 2026 Beijing Auto Show
From April 24 to May 4, at 2026 Beijing Auto Show, EXEED showcased an innovative lineup comprising its vehicle portfolio, advanced energy technologies, and the AiMOGA robotics matrix. At the concurrently held EXEED International Business Summit, the brand also presented to more than 4,000 global partners its comprehensive technological ecosystem spanning intelligent mobility and embodied intelligence. Notably, the recently disclosed first-quarter operating data from EXEED’s parent company, Chery, provides clear evidence of the investment behind this series of technological achievements. According to Chery’s first-quarter 2026 financial report, the company generated operating revenue of RMB 65.87 billion during the reporting period, while gross profit rose 24.91% year on year to RMB 10.564 billion, with gross margin increasing to 16.04%. During the same period, R&D investment reached RMB 2.85 billion, up 25.44% year on year, outpacing the growth of gross profit. Sustained growth in R&D investment has accelerated EXEED’s technological breakthroughs across the premium NEV and intelligent robotics sectors. At Beijing Auto Show, the brand unveiled multiple breakthrough technologies. In the energy sector, the Rhino solid-state battery became a focal point, delivering significant improvements in both energy density and safety performance. In robotics, EXEED also showcased the AiMOGA lineup, including the intelligent police robot, the humanoid robot Mornine, and the quadruped robot Argos. AiMOGA Robotics is the world’s first robotics brand to receive EU certification for both software and hardware systems. Centered on vehicle-robot synergy as its core technological framework, the multi-robot lineup builds on EXEED’s expertise in perception, planning, and control developed through its intelligent vehicle platforms. By reapplying autonomous driving-grade environmental understanding capabilities to robotics, the system achieves centimeter-level positioning, dynamic obstacle avoidance, and comprehensive 3D perception in complex environments. Notably, AiMOGA robots are also set to adopt the Rhino solid-state battery to meet the demands of long-duration continuous operation, signaling a clear convergence between EXEED’s energy and robotics technologies. EXEED’s advancing technological capabilities are also translating into real-world applications. Ahead of 2026 Beijing Auto Show, AiMOGA robots had already been deployed at scale across multiple Chinese cities, with use cases continuing to expand in areas including school-zone traffic safety support and event operations support. Shortly afterward, at the EXEED × AiMOGA Global Launch on April 27, the company secured orders for 1,000 intelligent police robots and completed the delivery of 110 units, targeting real-world applications including urban traffic management and public safety. Moving from pilot deployment to thousand-unit-scale rollout, AiMOGA robots are accelerating into a new phase of large-scale commercialization. These breakthroughs are being driven not only by sustained R&D investment, but also by the rapid development of a collaborative innovation ecosystem. From April 23 to 25, spanning the days immediately before and after the opening of Auto China 2026, Chery — EXEED’s parent company — entered into strategic partnerships with five global technology companies: NVIDIA, Qualcomm, Bosch, Volcano Engine, and CATL. The collaborations cover a range of frontier fields, including physical AI, intelligent driving, smart cockpits, cockpit-driving integration, robotics, 48V vehicle architecture, and green energy. Rather than standalone technology procurement deals, these partnerships represent joint R&D initiatives focused on hardware-software synergy, algorithm training, and energy systems, aimed at accelerating the commercialization of frontier technologies. The core technologies developed through these partnerships will be integrated into EXEED’s vehicle R&D and robotics platforms, directly driving the evolution of the brand’s products. From first-quarter R&D investment growth surpassing gross profit growth, to the unveiling of solid-state batteries and EU-certified robots at 2026 Beijing Auto Show, and the rapid establishment of five global strategic partnerships within three days, EXEED is translating its systematic innovation capabilities into deliverable products and proven commercial applications. Looking ahead to the global market, EXEED aims to redefine the driving experience through cutting-edge innovation while leveraging vehicle-robot synergy to reshape the boundaries between mobility and intelligent services.
- May 10, 2026Automotive
CHERY Unveils AI 2.0 Strategy, Redefining Global Mobility with Full-Domain Intelligence
During the 2026 CHERY International Business Summit, CHERY provided a comprehensive briefing to its global partners, dealers, and media on its AI 2.0 Strategy. The strategy is built upon four core pillars: using AI technologies, building AI tools, developing AI products, and growing an AI ecosystem. By embedding AI throughout the vehicle's entire lifecycle and utilizing a self-developed, unified computing platform, CHERY is transforming the automobile from a collection of mechanical functions into a perceptive, thinking, and evolving intelligent entity. This strategic evolution from vehicle technology to a multi-dimensional, three-dimensional mobility layout underscores CHERY’s long-term commitment to becoming a high-tech ecosystem enterprise. Ending "Data Islands": Building a Central Intelligence Commander In traditional automotive systems, the chassis, powertrain, and cockpit often operate as isolated "islands", leading to fragmented user experiences. CHERY’s AI 2.0 Strategy breaks this deadlock by establishing a unified "central brain" through an autonomous computing platform and data layer. This architecture enables global coordination across perception, decision-making, and execution. Whether for AI cars, AI robots, or intelligent manufacturing, all operations are now coordinated by this "central commander". Through the CHERY AIOS intelligent hub, the deep integration of hardware and software allows the vehicle to truly become a self-evolving "living organism". AI-Driven Efficiency and Safety: Strengthening the Foundation of Mobility CHERY is leveraging AI to spark an efficiency revolution in energy and R&D. The brand's energy technical moat includes HEV solutions with a 5kWh battery, PHEV systems exceeding 930 kW, and REEV platforms with a 1,500 km range. Furthermore, the KunPeng Power engine has achieved a world-leading 48.57% thermal efficiency, ensuring robust performance amidst global energy fluctuations. AI has also revolutionized the development of solid-state batteries. By building micrometer-scale digital models combined with AI multi-physics simulation, CHERY has compressed the traditional 10-year R&D cycle into just 1 to 2 years. This data-driven approach marks a paradigm shift from "experience-driven" to "model-driven" innovation. In terms of safety, AI now powers millisecond-level controls. Debuting on the EXEED EX7, the EMB Brake-by-Wire features aerospace-grade technology that improves response speed by 43% and achieves a class-leading braking distance of 32.41 meters. Additionally, the C-iVC AI-powered vehicle control platform integrates intelligent driving, power, chassis, and thermal management. It enables zero-deviation stability during a tire blowout at 180 km/h and a controlled stop even after a dual-tire blowout at 120 km/h. AI has transformed safety from passive protection into an instinctive, proactive shield. Redefining Interaction with Full-Stack AI CHERY is redefining the cabin experience with its Lingxi Intelligent Cockpit, which integrates emotional memory with health management features, such as stress relief and skin care systems. Simultaneously, the Falcon Pilot system—built on a world model, reinforcement learning, and a closed-loop data system—has prevented over 5.5 million accidents across 15 billion kilometers of driving in 30 countries. Mobility has evolved from simple displacement to intelligent, multi-sensory companionship. Beyond the road, CHERY is advancing toward three-dimensional transportation. The successful development of the eVTOL Q212 signals CHERY's entry into the low-altitude travel market. Driven by the AI 2.0 engine, CHERY is evolving into a “creator of future mobility ecosystems”, redefining how humanity connects with the world through intelligent technology. The summit made one thing clear: CHERY is moving beyond traditional automotive boundaries. From unified vehicle architecture to breakthroughs in energy and safety, AI 2.0 Strategy is at the center of a new, full-scenario intelligent ecosystem—on the ground and in the air. With continuous innovation and strong global partnerships, CHERY is accelerating toward a smarter, more connected future of mobility. About CHERY Founded in 1997, CHERY is a global automotive manufacturer specializing in vehicle development, intelligent technologies, and new energy solutions. The company operates in more than 130 countries and regions, supported by a strong international network of research, production, and strategic partnerships. CHERY is committed to advancing sustainable mobility through continuous innovation and global collaboration.
- May 10, 2026Automotive
Scenario-Driven Innovations: CHERY’s Global Validation Enters a New Era
During the 2026 CHERY International Business Summit, CHERY Auto launched an extensive test drive event featuring its full brand portfolio. Over 4,000 international partners, dealers, and core media representatives engaged in dozens of rigorous trials—including professional track performance, extreme off-road trekking, and cross-regional long-distance marathons—to validate CHERY’s new energy vehicle (NEV) lineup in real-world scenarios. Full-Domain Power Architectures: Driving "Technological Equity" Globally CHERY’s ability to cover everything from urban commutes to extreme wilderness treks stems from its self-developed technologies. To meet diverse global energy needs, CHERY has established an all-domain power architecture covering ICE, Hybrid, BEV, and Hydrogen, with a comprehensive layout across HEV, PHEV, and REEV routes. The latest iteration features a hybrid-specific engine with a 48.57% thermal efficiency, paired with the KunPeng Super Hybrid DHT and high-performance hybrid batteries. This next-generation "Three Core Components" system redefines global hybrid standards. By maintaining low energy consumption, strong power, and high safety across different road conditions, CHERY is actively promoting technological equity. Cross-Regional Long-Distance Trials: Validating Product Maturity Moving beyond closed-course testing, CHERY introduced long-distance real-world trials that replicate daily driving habits worldwide. The CHERY brand CSH (CHERY Super Hybrid) long-distance motorcade completed a comprehensive "Great Wall, Great Drive" tour, demonstrating the "For Family" brand warmth alongside the strength of Chinese intelligent manufacturing. OMODA & JAECOO Super Hybrid Marathon, spanning 625 kilometers, featured OMODA 5, JAECOO 5, and JAECOO 7 HEV. Powered by the SHS (Super Hybrid System), these models delivered a silk-smooth, electric-like quietness while providing instantaneous power for high-speed cruising. A European journalist noted that the TIGGO series maintained exceptional cabin silence even at a sustained 120 km/h cruise—a performance that perfectly aligns with the premium demands of the European market. The trials also provided a full-process validation of VPD (Valet Parking Driver) functions and overall powertrain smoothness. Specialized Performance Trials: Pushing the Limits On professional tracks, CHERY showcased its large-sized NEVs. EXEED, the global premium new energy brand, deployed a motorcade including the E01, E02, ES, ET, VX PHEV, and RX PHEV. Testing focused on 0-100 km/h acceleration and high-G cornering, demonstrating that these large-scale models deliver linear power and precise steering response. In extreme off-road environments, the iCAUR brand—known for its fusion of classic design and NEV tech—demonstrated recovery capabilities. The iCAUR V27, equipped with the i-AWD (Intelligent All-Wheel Drive) system and Golden REEV technology, successfully navigated complex obstacles like wave roads and continuous cross-axles. This multi-dimensional event serves as a concentrated inspection of CHERY’s transformation. Beyond simply selling products, CHERY is building technical confidence through scenario-based validation. About CHERY Founded in 1997, CHERY is a global automotive manufacturer specializing in vehicle development, intelligent technologies, and new energy solutions. The company operates in more than 130 countries and regions, supported by a strong international network of research, production, and strategic partnerships. CHERY is committed to advancing sustainable mobility through continuous innovation and global collaboration.
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