Steve Wozniak to speak at GCC Financial Forum

Steve Wozniak, co-founder of Apple, has been announced as the keynote speaker of the eighth annual GCC Financial Forum. (Photo by Michael Bulbenko/Supplied)
Updated 06 December 2018
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Steve Wozniak to speak at GCC Financial Forum

DUBAI: Steve Wozniak, co-founder of Apple, has been announced as the keynote speaker of the eighth annual GCC Financial Forum.
Co-hosted by Euromoney and the Bahrain Economic Development Board, the event will focus on the reinvention of financial services. Set to run from Feb. 26 to 27, 2019, the two-day conference will feature speeches and interviews with international financial and technology leaders, and present an opportunity for over 800 global participants to meet, network and exchange ideas.
Wozniak, one of the heavyweights of the global tech industry, founded Apple with Steve Jobs in 1976 and was instrumental in the launch of the company’s first personal computers. He is also a vocal expert on AI, blockchain and the financial technology industry at large. Wozniak is particularly active in advocating the benefits of cryptocurrencies, an area that several Bahraini start-ups are exploring.
David Parker, executive director — financial services at the Bahrain Economic Development Board, said: “With Bahrain rapidly becoming the fintech hub of the Middle East, we are eager to welcome Steve Wozniak to speak at next year’s GCC Financial Forum. He is well-known for his insight into the latest fintech trends, and we look forward to hearing his thoughts on the new developments in global finance.”


MCIT, Huawei launch Kingdom’s first IoT Lab

Updated 10 December 2018
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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.”