Standard Chartered Bank appoints CEO for Saudi branch

Yazaid Al-Salloom
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Updated 02 August 2020

Standard Chartered Bank appoints CEO for Saudi branch

Standard Chartered Bank has announced the appointment of Yazaid Al-Salloom as chief executive officer for Saudi Arabia, effective Aug. 1.
Al-Salloom joined Standard Chartered Bank in 2018 and brings a wealth of experience from his current role as head of financial institutions sales for MENAP and Turkey and previous roles in debt capital markets at HSBC and Deutsche Bank.
Standard Chartered Bank was awarded the license to set up a banking branch in the Kingdom in 2019. Standard Chartered Bank Saudi Arabia will operate a single branch based in Riyadh that will provide banking services to the sovereign and government related entities, large corporates, financial institutions and multinational companies operating in the Kingdom.

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Standard Chartered Bank was awarded the license to set up a banking branch in the Kingdom in 2019. It will complement Standard Chartered Capital Saudi Arabia, which has been operating in the Kingdom since 2011.

Dr. Boutros Klink, CEO Standard Chartered Middle East (ex-UAE), said: “I am delighted to announce the appointment of Yazaid Al-Salloom as country CEO for Standard Chartered Bank Saudi Arabia. In his new role as CEO, Yazaid will oversee the launch of Standard Chartered Bank Saudi Arabia, and will lead the bank’s expansion in the market, strengthen our client base, expand our products and services offering, and solidify our network as the Kingdom moves toward greater openness and global integration.
“The bank is grateful and delighted to have been awarded the license to conduct banking activities in the Kingdom of Saudi Arabia. Given the bank’s footprint in 60 markets across the world, we will leverage our presence in the Kingdom to promote trade, investment and capital flows in support of the Saudi Vision 2030 under the leadership of the Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman, from our network spanning around 60 countries.”
Standard Chartered Bank Saudi Arabia is licensed by Saudi Arabian Monetary Authority and will complement Standard Chartered Capital Saudi Arabia, which has been operating in the Kingdom since 2011 under a Capital Markets Authority of Saudi Arabia license.


MBRSC opens registration for space science camp

Updated 09 August 2020

MBRSC opens registration for space science camp

The Mohammed Bin Rashid Space Centre (MBRSC) has announced the opening of registration for the Deep Learning Camp for university students, which will be held virtually from Aug. 18 to 20. The Deep Learning Camp is part of the initiatives of the MBRSC to support the UAE’s strategic directions in the science and technology fields, promoting the building of a generation capable of adopting advanced technologies to tackle future challenges.

Through the camp, MBRSC aims to provide the youth with a unique experience to explore space science through theoretical and practical lessons, activities conducted by experts and specialists in the field from the center. The camp is a great opportunity for students interested in the field of space sciences to acquire new skills about remote sensing and satellite analysis.

Yousuf Hamad Al-Shaibani, director general, MBRSC, said: “The Mohammed Bin Rashid Space Centre is keen to make effective contributions that support the UAE’s strategic directions in the science and technology field. Young people can explore the important aspect of space science and modern technologies that are the basis for advanced science in all fields through this camp. The UAE’s ambition to strengthen its leadership in the space sector is clear, as the country is taking prominent initiatives in space technology and enhancing its role in this field. This has acted as a catalyst for younger generations to study such scientific disciplines.”

Saeed Al-Mansoori, head of application development and analysis section, MBRSC, said: “Through these initiatives, we are working to prepare the youth and develop their skills to keep pace with the future of deep learning and artificial intelligence technologies. To keep pace with the developments in the field of space sciences and technology in the region and globally, it has become necessary to possess such important skills and knowledge.”

“This camp is a great opportunity for students interested in space science. The camp includes theoretical and practical activities, including sessions on satellite image analysis, remote sensing and artificial intelligence, and other topics related to enriching young people’s knowledge and attracting them to this field,” added Al-Mansoori.

The Deep Learning Camp is divided into theoretical and practical sessions. The theoretical sessions deal with the definition of the principles of deep learning, its applications and the techniques used therein, with focus on satellite image analysis. The practical sessions will involve learning the applied aspects of deep learning through specialized machine learning applications, including Python programming with Google Colab. The practical session will also engage the participants in a technological challenge through a hackathon, with great prizes awaiting the winners.

During the three-day camp, participants will learn 3 key elements: Principles of deep learning and artificial intelligence, how to use satellite imagery, and the ability to analyze and classify satellite images from a set of satellite image data.