Huawei’s crucial role in advancing 5G technology

Huawei has opened a new research and development center in Osaka Prefecture to strengthen its ties with Japanese suppliers.
Updated 10 February 2019
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Huawei’s crucial role in advancing 5G technology

Huawei’s revenues of 2018 are expected to exceed $100 billion. This is due to hundreds of network operators, nearly half of the world’s Fortune 500 companies and hundreds of millions of consumers trusting in Huawei’s technology, the Chinese telecom giant said.
Huawei has managed to secure 25 commercial contracts, ranking No.1 among all ICT equipment providers, having already shipped more than 10,000 base stations to markets around the world.
Huawei said it believes in transparency and in empowering its customers, which is why the company recently invited a Saudi delegation to visit its headquarters. The delegation toured a number of key Huawei facilities, including Huawei’s campus and university, which offer education to trainees from all over the world, Huawei’s manufacturing lines and logistics center, in addition to a number of labs, R&D and cybersecurity centers.
“A lot of countries have been supportive of Huawei and believe in their technologies such as the Czech Republic who reversed the ban on Huawei. The Czech National Security Council reversed the decision in saying that the ‘security threat’ warning had no tech basis. The council said that the Czech Republic welcomes all kinds of foreign investment,” Huawei said in a press release.
The company said that many European operators see Huawei as their strategic partner that will play a crucial role in advancing the next generation of wireless technology. “Huawei is still gaining foreign carriers’ support on 5G. Many European telecom providers are proceeding with 5G implementation with Huawei. The UK mobile operator O2 confirmed that it will continue to deploy Huawei 5G gear in the UK,” the press release said.
Huawei has also recently partnered with telecommunications operator Altice Portugal committing to the development and implementation of 5G services in Portugal. Vodafone Italia and Huawei also recently announced the completion of a technique to improve the frequency range of the spectrum as part of their pre-standard 5G trials in Milan.
Orange CEO Stéphane Richard said: “Huawei has the best technology in the world. They have the strongest capability and methods for R&D in the industry. So, the quality of their products is undoubted.”
In Japan, Huawei is cooperating with the Japanese government and bolstering purchases of parts in Japan to ease concerns that its products could be used in espionage or cyberattacks by Beijing. Japan is an important market for Huawei in terms of procuring core parts. The company spent an estimated 670 billion yen ($6.06 billion), up 40 percent from a year earlier, for parts bought on the Japanese market in 2018. The company has already opened a new research and development center in Osaka Prefecture to strengthen its ties with Japanese suppliers.


Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019
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Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.