OSN and Huawei sign new IPTV partnership

Neil Martin, chief commercial officer from OSN, and Sun Xiaofeng, VP of Huawei Middle East.
Updated 09 September 2018
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OSN and Huawei sign new IPTV partnership

Entertainment network OSN has signed a memorandum of understanding (MoU) with Huawei, a global provider of information and communications technology (ICT) infrastructure and smart devices, to deliver a turnkey IPTV solution which enables telecom operators to offer a state-of-the-art TV experience alongside premium content. 

“This new collaboration with Huawei forms part of OSN’s digitization strategy to enhance product delivery, and ensure more potential OSN customers have access to the best TV experiences, by utilizing innovative technology. The partnership brings together OSN’s wide array of entertainment content and Huawei’s Video Cloud Solution, a regional first as the best of premium content and the best of platform technology are combined in one single end-to-end solution,” the companies said in a press release.

OSN’s premium channels offer viewers a broad choice of TV entertainment with popular series, sports and Hollywood, Bollywood and Arabic movies. In addition to this, OSN offers a Video On Demand (VOD) service, OSN Play, which encompasses 30,000 hours of content anywhere and on any device, and all of this will be even more accessible through Huawei’s Video Cloud Solution.

Huawei’s Video Cloud Solution — which currently serves more than 140 million subscribers worldwide — enables great user experience by optimizing interactivity as fast as 0.5 seconds for channel zapping, 0.7 seconds for user interface response and 0.9 seconds for video on demand loading. 

Neil Martin, chief commercial officer from OSN, said: “This partnership will enable telecom operators to deliver IPTV services to market faster, and capitalize on opportunities to maximize revenues as they acquire subscribers. We expect this solution to become an engine of growth for OSN, Huawei and the wider broadcast industry in this region as connectivity improves across the region.”

Sun Xiaofeng, VP of Huawei Middle East, said: “We are pleased to collaborate with OSN and we look forward to working together to bring the best content and viewing experiences to audiences in this region. The cloud offering to telecom operators will extremely minimize their risks and barriers of launching their own IPTV services as well as shorten the time to market by 80 percent. We hope this MoU will strengthen the digital video ecosystem in the region and we look forward to continuing to grow this industry in the Middle East.”


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
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Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.