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Galaxy Fold
Samsung launches Galaxy Fold in Saudi Arabia
JEDDAH – Samsung Electronics Co., Ltd. launched its latest premium smartphone, the Galaxy Fold, in the Saudi market last Oct. 13.The Galaxy Fold is designed to inspire new experiences for users with its revolutionary design.Y.J. Kim, President of Samsung Electronics in the Kingdom, expressed his pride for the launch of the Galaxy Fold smartphone, as the device redefines the smartphone experience and pushes the boundaries of what a smartphone can offer. Samsung’s innate ingenuity is the reason the Galaxy Fold sets the bar for a new mobile category, with continuous innovation and quality measures that ensure nothing but the best quality experience for the premium customer. This device paves the way for a world of possibilities in terms of advanced features and a better integrated user...
October 19, 2019

Samsung launches Galaxy Fold in Saudi Arabia

Saudi electronic payments witness dynamic growth
RIYADH — Mastercard, in collaboration with Saudi Payments, recently hosted the Mastercard Saudi eCommerce Forum 2019. The event brought together key players and innovators in the Saudi financial sector to discuss the latest global and regional eCommerce market dynamics and the global growth trends that are shaping the payment ecosystem.The forum, which took place in Riyadh, supports the Saudi 2030 Vision to make 70 percent of all payments electronic by 2030. More than 70 industry experts and leaders engaged in a series of interactive sessions to share data-driven, strategic insights and actionable takeaways of what successful businesses are doing to overcome cross-border issues, eliminate operational and security threats, and optimize customer acquisition and engagement.Ziyad AlEisa, VP...
October 19, 2019

Saudi electronic payments witness dynamic growth

Ammar Al Malik
Russian tech firms expand into Middle East through DIC
DUBAI — Over the past few years, Dubai Internet City (DIC), the Middle East’s leading technology business community, has witnessed increasing participation from Russian tech companies, professionals and startups in its vibrant community.The visit of Russia’s President Vladimir Putin to the UAE represents bilateral development between the two countries and demonstrates UAE’s efforts to further strengthen the strategic partnership with Russia and enhance their cooperation in vital sectors including ICT.In July this year, the world’s first Russian Centre for Digital Innovation and ICT was launched in DIC in collaboration with the Russian Export Centre (REC), to serve as a springboard for Russian tech businesses looking to establish a presence in the region. Since it was established,...
October 19, 2019

Russian tech firms expand into Middle East through DIC

Cutting of ceremonial ribbon
Agility opens logistics park in Riyadh valued at SR1bn
RIYADH – Agility, a leading global logistics provider, on Saturday announced the opening of a new 900,000 square meter logistics park in Riyadh, part of a series of investments in the country valued at SR1 billion.The new facility, inaugurated on October 17, was developed by Agility Logistics Parks (ALP) and includes 250,000 sqm of built-up, high standard warehousing and logistics facilities. The Riyadh ALP will serve leading multinationals as well as small and medium-sized businesses operating in Saudi Arabia.Dr. Nabil Alamoudi, Saudi Arabia Minister of Transportation, said: “The Kingdom of Saudi Arabia has focused on developing the logistics sector by building infrastructure and directing capital investments towards increasing logistics capabilities. Saudi Arabia is also enhancing...
October 19, 2019

Agility opens logistics park in Riyadh valued at SR1bn

Digitalization key to surmounting solar asset maintenance challenges
Mideast solar asset owners face higher maintenance costs
DUBAI — Solar asset owners in the Middle East and around the world could face as much as $3000 per megawatt in unplanned maintenance costs per year.The estimate was made by Wood Mackenzie, a leading global energyresearch and consultancy, as part of its global forecast of $16bn worth of unplanned repair and maintenance related activities for solar asset owners over the next five years.“Our data shows that the average project size in the MENA region is 124.5 MW. Thus, the stakes and costs are that much higher, further emphasizing the importance of having digital O&M capabilities in place for the region,” said Mina Mesbahi, Research Strategist at Solarplaza International B.V., organisers of the global Solar Asset Management conferences, with the MENA edition scheduled next month in...
October 19, 2019

Mideast solar asset owners face higher maintenance costs

Creation of LCCC to maximize use of local contents in Saudi Arabia
RIYADH — The Local Content & Government Procurement Authority (LCGPA) launched the Local Content Partnerships initiative during a ceremony in Riyadh attended by several VIPs including ministers and representatives from government entities and major national companies. This initiative forms LCGPA’s first strategic plan that aims to establish lasting and sustainable partnerships with public and private sector companies in order to effectively contribute towards developing local content throughout various sectors in Saudi Arabia.The ceremony also witnessed the announcement of the Local Content Coordination Council (LCCC) as LCGPA’s arm for coordinating efforts between public and private sector entities in order to develop the elements of local content and raise their potential within...
October 19, 2019

Creation of LCCC to maximize use of local contents in Saudi Arabia

Yuichi Ishizuka with Shady Bakhour Canon KSA general manager during his visit to Canon headquarter in Riyadh. — Courtesy photo
Canon KSA expansion strategy in line with Vision 2030
By Samar YahyaRIYADH — During his first visit to Saudi Arabia, Yuichi Ishizuka, Canon EMEA President & CEO, spoke exclusively to Saudi Gazette on the main goals of the visit.He said: “I am very pleased to be visiting Saudi Arabia for the first time, it is a particularly important occasion after one year of our direct operations in the market and during a time in which the country is going through some remarkable transformations, evaluating our impact and success so far, as well as outlining our commitment as a business to the future advancement of the kingdom’s economic development in line with the economic objectives of Saudi Vision 2030.“I look forward to discussing plans for Canon’s future enhancements in the country in terms of geographical market reach as well as growing our...
October 18, 2019

Canon KSA expansion strategy in line with Vision 2030

SP
Mastercard, Saudi Payments explore future of payments
RIYADH — Mastercard, in collaboration with Saudi Payments, recently hosted the Mastercard Saudi eCommerce Forum 2019. The event brought together key players and innovators in the Saudi financial sector to discuss the latest global and regional eCommerce market dynamics and the global growth trends that are shaping the payment ecosystem.The forum, which took place in Riyadh, supports the Saudi 2030 Vision to make 70 percent of all payments electronic by 2030. More than 70 industry experts and leaders engaged in a series of interactive sessions to share data-driven, strategic insights and actionable takeaways of what successful businesses are doing to overcome cross-border issues, eliminate operational and security threats, and optimize customer acquisition and engagement.Ziyad AlEisa, VP...
October 18, 2019

Mastercard, Saudi Payments explore future of payments

Mark Hurd, co-president of Oracle, addresses the audience at the annual Oracle OpenWorld conference held at the Moscone Center in San Francisco, Sept. 20, 2010. — Reuter
Oracle co-CEO Mark Hurd passes away
SAN FRANCISCO — Oracle Corp co-Chief Executive Officer Mark Hurd passed away on Friday, the business software maker said.The company announced last month that Hurd was going on medical leave, without providing any details.Hurd, 62, was one of Oracle's two CEOs, the other being Safra Catz. Under their tenure, the company has tried to rapidly transition to cloud computing software.Catz along with founder and Chief Technology Officer Larry Ellison took over Hurd's responsibilities during his absence."Mark was my close and irreplaceable friend, and trusted colleague," Ellison wrote in an email to Oracle employees."Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle."Hurd was named...
October 18, 2019

Oracle co-CEO Mark Hurd passes away

Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, US, July 12, 2019. — Reuters
Apple's Cook meets China regulator after pulling Hong Kong app
BEIJING, — Apple Inc Chief Executive Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the US firm was thrust into political tensions between the mainland and protesters in Hong Kong.Apple last week removed from its app store an app that helped Hong Kong protesters track police movements after a Chinese state newspaper sharply criticized it for allowing the software. The company said the app, HKmap.live, was used to target the police.Cook had defended the removal in the face of criticism for appeasing mainland China, telling Apple workers that "this decision best protects our users".China's State Administration for Market Regulation said in a statement on its website that its chief, Xiao Yaqing, and Cook...
October 18, 2019

Apple's Cook meets China regulator after pulling Hong Kong app

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