Lenovo appoints new data center country manager in Saudi Arabia

Lenovo’s data center portfolio spans servers, storage, converged and hyperconverged, networking, hyperscale, software and services. (File/AFP)
Updated 10 December 2018
0

Lenovo appoints new data center country manager in Saudi Arabia

  • “The Middle East is witnessing rapid transformation and The Kingdom of Saudi Arabia is a major market player, leading the charge in the adoption of new-age technologies,” said a Lenovo official
  • He also said Lenovo's data center can be “an integral technology partner for enterprises and governments across the region.”

DUBAI: China-based tech giant Lenovo has appointed a new data center country manager for Saudi Arabia – a move the company has aligned with the kingdom’s Vision 2030. 

Emad Aldaous will be heading the company’s vision to “transform the data center industry regionally.”

“The Middle East is witnessing rapid transformation and The Kingdom of Saudi Arabia is a major market player, leading the charge in the adoption of new-age technologies like IoT, AI and blockchain, underpinned by the Saudi Arabia Vision 2030,” said Richard Wilcox, DCG Regional Director for Lenovo Middle East.

Wilcox also said the DCG can be “an integral technology partner for enterprises and governments across the region.”

Lenovo aims to be a top data center player in the industry, becoming the largest and fastest growing supercomputing company by 2020.

Lenovo’s data center portfolio spans servers, storage, converged and hyperconverged, networking, hyperscale, software and services.

The Vision 2030 provides an ambitious blueprint for the future of the kingdom, covering several aspects of development including technology.


US-China trade deal hopes grow as oil prices decline

Updated 8 min 9 sec ago
0

US-China trade deal hopes grow as oil prices decline

  • Data suggested a smaller-than-expected fall in American crude inventories
  • Preparations underway for Donald Trump to meet Xi Jinping next week at the G20 summit in Osaka

LONDON: Oil prices declined on Wednesday as data suggested a smaller-than-expected fall in American crude inventories, as hopes for a US-China trade deal continue to grow.
Brent crude futures were down 51 cents at $61.72 a barrel.
US West Texas Intermediate crude fell 25 cents to $53.65 a barrel. On Tuesday, it had recorded its biggest daily rise since early January.
After weeks of swelling, US crude stocks fell by 812,000 barrels last week to 482 million, the American Petroleum Institute said on Tuesday, a smaller fall than the 1.1-million-barrel drop analysts had expected.
Official estimates on US crude stockpiles from the US government’s Energy Information Administration are due during afternoon trading.
US President Donald Trump offered some support, saying preparations were underway for him to meet Chinese President Xi Jinping next week at the G20 summit in Osaka, Japan, amid hopes a trade deal could be thrashed out between the two powers. Trump has repeatedly threatened China with tariffs since winning office in 2016.
European Central Bank President Mario Draghi also offered a boost, saying on Tuesday that he would ease policy again if inflation failed to accelerate.
Tensions remain high in the Middle East after last week’s tanker attacks. Fears of a confrontation between Iran and the US have mounted, with Washington blaming Tehran, which has denied any role.
Trump said he was prepared to take military action to stop Iran having a nuclear bomb but left open whether he would approve the use of force to protect Gulf oil supplies.
On Wednesday, oil markets shrugged off a rocket attack on a site in southern Iraq used by foreign oil companies.
“It is interesting to note that the crude oil futures market could not rally on hawks planting bombs in the Strait of Hormuz but could rally on doves planting quantitative easing,” Petromatrix’s Olivier Jakob said in a note.
“This is an oil market that doesn’t know how to react when an oil tanker blows up but knows how to react when the head of a central bank makes some noise.”
Members of the Organization of the Petroleum Exporting Countries have agreed to meet on July 1, followed by a meeting with non-OPEC allies on July 2, after weeks of wrangling over dates.
OPEC and its allies will discuss whether to extend a deal on cutting 1.2 million barrels per day of production that runs out this month.