STC Solutions, Cisco Meraki to drive digital transformation

The MoU between Cisco Meraki and STC Solutions was signed at GITEX Technology Week.
Updated 18 November 2018
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STC Solutions, Cisco Meraki to drive digital transformation

At GITEX Technology Week, Cisco Meraki and STC Solutions signed a memorandum of understanding (MoU) to drive wireless technology adoption and fuel economic growth in line with Saudi Vision 2030’s digital transformation objectives. The MoU states the two companies plan to work together and develop innovative wireless managed services for the Saudi market, intended to make it easier and more economical for customers to start their digital journeys. 

Recognizing the need for sophisticated digital infrastructure, Saudi Arabia’s Vision 2030 plan foresees increasing the availability and quality of digital connectivity. 

“STC and Cisco Meraki are dedicated to this mission, and will work together to help enable Saudi organizations to quickly deploy simplified wireless solutions with immediate business impacts,” the companies said in a press release.

Saudi organizations of all sizes and verticals are adopting Wi-Fi services for their existing and new business locations. More than half of Saudi private enterprises have Wi-Fi in their head office, as well as in remote branches. There is also increasing investment in wireless solutions in tourism, hospitality, transportation and other sectors. Cisco Meraki, with its focus on simplicity and easy management through a centralized dashboard, will provide STC customers with unmatched visibility and control over their infrastructure.

“STC constantly delivers the latest in managed services with an innovative approach to servicing our clients across all business sectors. We have a long-term relationship with our strategic partner Cisco, and we look forward to enhancing this partnership through adopting world-class solutions that will help our clients to accelerate their digital transformation journey. With the variety of networking and router management solutions that STC provides, the new managed services solution will complement STC’s current portfolio,” said Hatem Al-Kadi, vice president of managed services at STC.

“We are incredibly excited to work with STC to help drive digital transformation in the region. Cisco Meraki is a perfect match for STC and its customers, providing a secure, easy-to-use wireless experience. We look forward to working with STC to transform the digital footprint of Saudi businesses,” said Salman Faqeeh, managing director — Saudi Arabia, Cisco.

STC Solutions is part of Saudi Telecom Company’s ongoing commitment to transform itself into a leading regional ICT player. STCS is accelerating STC’s enterprise segment growth strategy through providing a wide range of ICT services beyond the traditional Telco offerings. 

Cisco is the worldwide technology leader that has been making the internet work since 1984.


ICD, BBI launch global private sector platform

The agreement was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI, on Wednesday at the ICD’s headquarters in Jeddah.
Updated 19 May 2019
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ICD, BBI launch global private sector platform

The Islamic Corporation for the Development of the Private Sector (ICD) and Bosna Bank International (BBI) signed a memorandum of understanding on May 16 in Jeddah. The MoU is related to a new initiative — the Global Platform for Private Sector — where the two institutions and community of like-minded financial entities can collaborate on business opportunities, exchanging market intelligence and laying a foundation for actual financial transactions within the member countries and across borders.
The signing ceremony took place in ICD’s headquarters in Jeddah and the document was signed by Ayman Sejiny, CEO of ICD, and Amer Bukvic, CEO of BBI.
Sejiny said: “ICD takes the lead in launching such a platform network to demonstrate productive applications of fintech in modern global business affairs, to help reduce financial transaction costs for its member banks, leasing companies and micro-finance institutions and to upgrade the advisory services that ICD offers to its partners across the Islamic developmental network.”
Bukvic added: “We welcome the initiative and we’re happy to be among the first entities to sign the MoU with ICD. Such a platform would open opportunities for Bosnia and Herzegovina, BBI bank and other partners once implemented, and will most certainly facilitate investment across borders. This will extend our efforts already expressed by organizing international events in the capital of Bosnia and Herzegovina, such as the Sarajevo Business Forum and the Sarajevo Halal Fair.”

 

Bosna Bank International (BBI) d.d. Sarajevo is the first bank, both in Bosnia-Herzegovina and Southeast Europe, to operate in accordance with Islamic finance principles. BBI offers several types of financial services to retail and corporate clients through its business based on ethical principles and partnership. Shariah compliance is ensured by the BBI Shariah board with members of this board being prestigious local and international experts.
The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide. One major goal of this online platform is the sharing of investment, advisory, sukuk, financing and other deals in an environment of common Islamic values.
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IsDB) Group. It was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross-border investments.
ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 54 Islamic countries and five public financial institutions.

Decoder

The Global Platform for Private Sector will be a cloud-based, next-generation, full-featured networking and fulfillment platform hosted by ICD for the benefit of its network of 88 financial institutions and 12 leasing companies worldwide.