Aljazira Capital wins Thomson Reuters’ ‘Best Brokerage House’ award

Vikas Jain, head of financial institutions segment in Middle East and North Africa at Thomson Reuters, presents the award to Ziad Aba Al-Khail, managing director and CEO of Aljazira Capital.
Updated 22 December 2017

Aljazira Capital wins Thomson Reuters’ ‘Best Brokerage House’ award

Aljazira Capital, a company licensed by the Saudi Capital Market Authority (CMA) under No. 37-07076, has been named the “Best Brokerage House” by Thomson Reuters.
The award recognizes Aljazira’s “strong position and commitment to developing and improving its financial and investment services, as well as its ability to keep abreast of changes and developments in the local and international markets, and its success to provide its customers with the best innovative solutions over the past years.”
Vikas Jain, head of the financial institutions segment in Middle East and North Africa at Thomson Reuters, presented the award to Ziad Aba Al-Khail, managing director and chief executive officer of Aljazira Capital, at his office in Riyadh.
This is the third such award granted by Thomson Reuters to one of the largest Saudi brokerage firms. Jain praised Aljazira’s role as a world-class regional provider of Shariah-compliant investment services and solutions, and as one of the most prominent companies offering a complete set of unique value and quality services, with a clear and transparent approach.
Al-Khail attributed the continued recognition of Aljazira over the past years to the great confidence of investors in the company.
“The new award demonstrates the soundness of our methodology and emphasizes the success of our strategy, while at the same time, reinforces our responsibility to continue to deliver and manage an integrated system of investment services and solutions,” he said.
Thomson Reuters, the parent company of English news agency Reuters, based its evaluation on the methodology of measuring the achievements of the last three years, including the scale of development of Aljazira Capital products and services.
The awards aim to inspire a real change in the financial and banking services sector by honoring the providers of innovative solutions and initiatives that promote adoption of best practices and gain global importance, combining industry expertise and innovative technology to deliver critical information to decision makers in the financial markets.

MCIT, Huawei launch Kingdom’s first IoT Lab

Updated 10 December 2018

MCIT, Huawei launch Kingdom’s first IoT Lab

The Ministry of Communications and Information Technology (MCIT) and Huawei have announced the launch of the Kingdom’s first Internet of Things (IoT) lab and a fund of $1 million to support Saudi entrepreneurs. The announcement was made during the Huawei Day 2018 event held at The Ritz-Carlton, Riyadh.

The event was attended by Dr. Sulaiman Mirdad, minister adviser for IT industry development; Dennis Zhang, CEO of Huawei Saudi Arabia; and other representatives, including senior government officials, IT leaders and professionals.

The new lab will be located at Huawei’s innovation center in Riyadh and aims to provide entrepreneurs with a platform to innovate IoT applications, which will directly target the most important vertical sectors to the Kingdom.

This joint initiative between MCIT and Huawei is expected to boost the development of products and applications and promote an open and participatory IoT ecosystem. The new IoT lab is the first such innovation and development joint lab in Saudi Arabia. 

Under this cooperation, Huawei has also made available $1 million of funding to developers to accelerate the adoption of IoT in the Kingdom.

IoT development and innovation have transformed traditional industries and daily life. As hundreds of millions of IoT devices will be used for innovative services, the technology has a key role to play in digitalization across industries. Yet currently there is not much IoT adoption in Saudi Arabia, and there is a shortage in local skills and funding necessary to drive the sector forward. The lab is intended to bridge this gap, and ultimately to drive forward the Kingdom’s digital transformation forward and assist the leadership in achieving their vision of building a knowledge economy, in line with Saudi Vision 2030 and the National Transformation Plan 2020.

Dr. Ahmed Altheneyan, deputy minister for technology and digital capacities at MCIT, said: “We are proud to launch the Kingdom’s first IoT lab and fund with our partner Huawei, believing as we do that this initiative will help to promote ICT innovation and entrepreneurship ecosystem, accelerate the adoption of emerging technology within the Kingdom, and support in developing the skillset and technology necessary to enable our vision and national transformation plan.”

Huawei Saudi Arabia CEO Zhang said: “Saudi Vision 2030 calls for the development of the Kingdom into an innovative and globally competitive economy through digital transformation, and our aim at Huawei is to support the success of this vision. 

We are committed to open innovation and collaboration to promote the IoT sector here in Saudi Arabia and we see the launch of this lab as another milestone in our strategic partnership with MCIT.”