AbbVie’s ‘Week of Possibilities’ program supports local community

AbbVie’s ‘Week of Possibilities’ program supports local community
AbbVie employees gather for the company’s seventh annual ‘Week of Possibilities’ volunteering program.
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Updated 02 July 2022

AbbVie’s ‘Week of Possibilities’ program supports local community

AbbVie’s ‘Week of Possibilities’ program supports local community

Employees from AbbVie in Saudi Arabia, a global, research and development-based biopharmaceutical company, participated in the company’s seventh annual “Week of Possibilities” volunteering program organized this year in Riyadh and Jeddah. The program, held from June 29 to 30, was devoted to supporting orphans in cooperation with Albir Society and Kayan Society.

The program included visits conducted by volunteers to renovate orphans’ rooms through many activities including painting, coloring, and decorating, which spread an atmosphere of love and comfort among the orphans.

AbbVie employees in more than 50 countries joined forces with trusted nonprofit and community partners across the globe to complete hands-on projects to benefit local communities impacting tens of thousands of people. The “Week of Possibilities” unites employees around the world with a single purpose: To give back to local communities through volunteering.

“AbbVie Saudi employees are thrilled to come together again in person for the “Week of Possibilities,” one of the most anticipated annual volunteer initiatives across the company,” said Dr. Ashraf Daoud, general manager of AbbVie Saudi. “AbbVie basically reflects a message not only limited to providing therapeutic services, but also delivering outstanding support to the community in which it works, through initiatives that instill values of solidarity and cooperation among the community members,” he added.

Waleed Arab, director of public affairs communications at AbbVie Saudi Arabia, stressed that cooperating with orphans boosts their happiness and fills their environment with mutual enjoyment. He praised the efforts of AbbVie employees to achieve this goal.

“Social and volunteer works are a major source supporting the renaissance, creativity, and development of societies, being among the most prominent works that help in the development of the individuals, environment and society. Volunteer work has a profound impact in preparing the generations to become cooperative and work for the betterment of their communities. In Saudi Arabia, this comes in line with Saudi Vision 2030 to support and increase the community participation in social responsibility services,” Arab said.

In each “Week of Possibilities” location, service projects are selected to ensure that AbbVie volunteer efforts align with the highest needs of each local community. Local projects are designed and implemented in partnership with nonprofit partners close to the communities being served.

AbbVie’s “Week of Possibilities” started in 2014 and is now a global tradition for the company. It is funded in part by the AbbVie Foundation and focuses on service projects in the local communities in which AbbVie employees live and work around the world.


sirar by stc, Fintech Saudi partner to support SMEs

sirar by stc, Fintech Saudi partner to support SMEs
Updated 08 August 2022

sirar by stc, Fintech Saudi partner to support SMEs

sirar by stc, Fintech Saudi partner to support SMEs

In a bid to support small and medium enterprises and fintech companies, the cutting-edge cybersecurity company sirar by stc and Fintech Saudi, a catalyst for the development of the financial services technology industry in Saudi Arabia, signed an agreement for the provision of a discounted digital signature service package.

The agreement was signed by Fahad Al-Jutaily, CEO of sirar by stc, and Nezar Al-Haidar, general manager of Fintech Saudi. The signing ceremony took place under the patronage of Governor of the Digital Government Authority Ahmed bin Mohammed Alsuwaiyan, and in the presence of Ibrahim Al-Nasser, undersecretary at the Ministry of Communications and Information Technology for the technology sector; Raed Al-Fayez, deputy governor at the Communications and Information Technology Commission for the information and emerging technologies’ sector; Ziad Al-Yousef, deputy governor for development and technology at Saudi Central Bank; and Yazeed Al-Demaigi; deputy, strategy and international affairs at Capital Market Authority.

The agreement solidifies the integration between the Digital Government Authority and the Saudi Central Bank, to support SMEs, fintech companies and entrepreneurs, to boost innovation and diversity of products and services through digital platforms, and increase the contribution of digital government services to the national economy, in line with the goals of Saudi Vision 2030.

Under the agreement, sirar by stc will offer a digital signature service package at a discount of 60 percent, which will benefit SMEs, fintech companies and entrepreneurs. The digital signature service allows users to digitally sign documents from anywhere and at any time, while ensuring reliability, authenticity and security.

The partnership is in line with the efforts of the authority and all stakeholders to improve the regulatory environment for digital services, facilitate businesses, and strengthen strategic partnerships between government agencies and the private sector, in order to develop the digital ecosystem.

Faris Al-Rabadi, deputy governor for regulation and digital trust at the Digital Government Authority, said the agreement aims to promote digital trust services, which contributes to improving the user experience, ensures that electronic transactions are conducted with high reliability and promotes digital transformation in the Kingdom.

Al-Yousef from the Saudi Central Bank said the agreement will contribute to the development of the fintech sector in the Kingdom, facilitate business in the financial sectors, enhance cooperation and coordination, and keep pace with global developments to achieve the aspirations of Saudi Vision 2030.

Al-Haidar, general manager of Fintech Saudi, said the agreement will support the empowerment of fintech companies by reducing their operating costs.

sirar by stc CEO Al-Jutaily, meanwhile, said: “The agreement comes within the framework of the company’s efforts to support and enable the fintech sector in the Kingdom, which serves the purpose and plans of Saudi Arabia’s digital transformation.”


Arib digital brokerage signs membership agreement with SIMAH

Arib digital brokerage signs membership agreement with SIMAH
Updated 07 August 2022

Arib digital brokerage signs membership agreement with SIMAH

Arib digital brokerage signs membership agreement with SIMAH

Arib, a digital broker for personal loans in Saudi Arabia, has signed a membership agreement with the Saudi Credit Bureau, known as SIMAH. The membership allows Arib the ability to do credit checks of its clients and provide them with the best-fitting financing offers based on the product and credit score.

CEO of Arib Waleed Talat said: “We are proud to sign our membership agreement with Simah, which will support our efforts in providing a completely digital experience for our clients seamlessly, helping them select the best financing option and receiving immediate approval. This step will also help us in expanding our reach and market share, and in providing more financing products such as personal loans, real estate loans and other products.”

He added: “The agreement comes as a testament to the successes we were able to achieve after receiving the preliminary approval from the Saudi Central Bank to provide digital brokerage services, in line with Vision 2030 and the ambitious plans for the development of the financial sector, and to elevate the client’s experience in procuring loans in the Kingdom.”

Arib was founded in 2018 under the name “Syaaraat.com” by Talat, Omar Alhammad and Mohammad Eldesouki, to provide its clients with loan brokerage services digitally by connecting them with financing partners authorized by the Saudi Central Bank. The aim was to help clients procure loans that fit their credit status through web and app-based platforms. Arib received the preliminary approval to practice digital brokerage activities in April 2021.

The company is working to meet licensing requirements for digital brokerage under the guidelines set by the Saudi Central Bank.


SAFE celebrates International Security Officers Day 2022

SAFE celebrates International Security Officers Day 2022
Updated 07 August 2022

SAFE celebrates International Security Officers Day 2022

SAFE celebrates International Security Officers Day 2022

The National Security Services Company, known as SAFE, celebrated International Security Officers Day for the second year, with a special online training campaign recognizing Saudi security officers who dedicate their lives to maintaining the safety and security of individuals and organizations across the Kingdom.

The world celebrates International Security Officers Day on July 24 every year. This occasion recognizes the work nature of security officers and their continued dedication to ensuring the security of individuals and communities around the world, while putting themselves at risk to protect individuals, institutions and facilities. On this occasion, SAFE offered an online training course, titled “National Protection Officers,” to 100 non-SAFE employees. The company will soon announce the launch of a modern training center to conduct in-person and online security and safety training courses.

“The role the security sector plays in the Kingdom of Saudi Arabia is becoming more important as the development journey of our beloved country progresses. The vital role of security officers is to ensure that public order applies everywhere, so that individuals feel safe and secure wherever they are,” said Turki bin Matooq Althonayan, CEO of SAFE.

“We thank all the men and women who chose to assume this responsibility. SAFE provides high-level professional training to all its security officers and is keen to provide them with the world’s best advanced equipment and technologies necessary to enable them to perform their work at its best.”

SAFE applies the highest standards to evolve its employees by setting a clear career path that will grant them admired international accreditation. The company recently graduated the first batch of drone operators in France. In 2021, the company trained and certified more than 3,000 male and female security officers.

SAFE was established in late 2019 as a company fully owned by the Public Investment Fund, aiming to support the security sector in the Kingdom and protect the precious national achievements, through preparing expert security officers. The company has been providing distinct and integrated security services to companies and institutions throughout the Kingdom and has recently succeeded in expanding regionally. SAFE continues to establish exclusive strategic partnerships with international security and technology players, in order to bring the latest technology to the security sector in the Kingdom.

In continually investing in people and technology, SAFE ensures the readiness and responsiveness of security officers around the clock. This ongoing pursuit of excellence has led the company to obtain a license to handle the security in the Kingdom’s four international airports and build a roster of 30+ clients.

SAFE also operates the largest private sector command and control center that supports business operations and enables a single multifunctional platform to provide its clients with an integrated security system to enjoy the highest quality standards.


Jeddah waterfront to be renamed ‘ROSHN Waterfront’

The signing ceremony took place in the presence of Jeddah Mayor Saleh bin Ali Al-Turki.
The signing ceremony took place in the presence of Jeddah Mayor Saleh bin Ali Al-Turki.
Updated 07 August 2022

Jeddah waterfront to be renamed ‘ROSHN Waterfront’

The signing ceremony took place in the presence of Jeddah Mayor Saleh bin Ali Al-Turki.
  • The waterfront is one of the most important landmarks in Jeddah, which was redeveloped and opened in 2017, with approximately 55 million visitors annually.

ROSHN, the national real estate developer wholly owned by the Public Investment Fund and Rotana Star Neon Company, signed an agreement to sponsor the Jeddah waterfront and rename it to “ROSHN Waterfront.” The signing ceremony took place in the presence of Jeddah Mayor Saleh bin Ali Al-Turki.

The waterfront is one of the most important landmarks in Jeddah, which was redeveloped and opened in 2017, with approximately 55 million visitors annually. It stretches on the Red Sea coast at a length of 4 kilometers and consists of seven diverse recreational areas targeting families and children.

The agreement is in line with ROSHN’s efforts to support the goals of Saudi Vision 2030 to provide a higher quality of life for the Kingdom’s citizens and residents.

Commenting on the agreement, Sabah Barakat, group chief operating officer of ROSHN, said: “We were pleased by the attendance of His Excellency Saleh Al-Turki at the signing ceremony of the sponsorship agreement and the renaming of the Jeddah waterfront. We in ROSHN are keen to diversify our partnerships and efforts to ensure the provision of a higher quality of life in the Kingdom. The waterfront is part of our endeavor to activate the role of social responsibility and provide higher quality lifestyles.”

ROSHN is a national real estate developer powered by the Saudi Public Investment. Its mandate is to provide high-quality living standards for Saudis and to support government efforts to increase citizens’ home ownership rates. The announcement of the waterfront agreement comes after ROSHN launched the ALAROUS Project in Jeddah, which is the company’s second project in the Kingdom after SEDRA community in Riyadh.


etisalat by e& conducts first 6 GHz test in MENA region

etisalat by e& conducts first 6 GHz test in MENA region
Updated 07 August 2022

etisalat by e& conducts first 6 GHz test in MENA region

etisalat by e& conducts first 6 GHz test in MENA region

Etisalat UAE, branded as etisalat by e&, has announced the successful completion of its first trial of the 6 GHz spectrum, creating history by taking this monumental step for the future of 5G, opening up a world of possibilities for next-generation technologies and economies of the future.
This trial conducted with Huawei Technologies was integral in today’s technology evolution as full speed and capabilities of 5G depend on a mid-band spectrum that secures performance in the long term and adds more capacity if required. Here, 6 GHz plays a critical role, especially considering the use of mobile technologies has grown exponentially, devices have become more powerful, and services more diverse for both consumers and enterprises. With bandwidth-hungry applications, the number of connected devices per person has also increased, which means more bandwidth will be required to limit service degradation and deliver a good quality of experience.

FASTFACT

The 6 GHz range is a mid-band frequency and sits at a balancing point between coverage and capacity, providing the perfect environment for 5G connectivity.

The 6 GHz range is a mid-band frequency and sits at a balancing point between coverage and capacity, providing the perfect environment for 5G connectivity. Extending the bandwidth of 5G through the harmonization of 6 GHz spectrum will provide more bandwidth and improve network performance. On top of this, the broad, contiguous channels offered by the 6 GHz range will reduce the need for network densification and make next-generation connectivity more affordable for all.
Khalid Murshed, chief technology and information officer, Etisalat UAE, said: “5G allows the industry to support national digital transformation goals by providing reliable, high-capacity, low-latency, and wide-area connectivity to consumers and industries. The metaverse is opening untapped opportunities with hyper-personalized experiences powered by AI. Telcos will be the entry point to the metaverse not only because of connectivity but also because the customer wants access to a digital world. The future is powered by AI and analytics, with the metaverse playing a role yet to be defined. This kind of technology disruption will create challenges but simultaneously bring massive prospects to this dynamic industry.
“The trial for 6 GHz was influenced by these future market requirements as we foresee a significant growth accelerated by these applications. As a digital telco, we focus on our core while curating digital experiences that maximize engagement by building new capabilities across AI and digital to thrive in an increasingly competitive and ever-changing market environment.”
The focus on 6 GHz is also in line with etisalat by e&’s future roadmap as part of the e& group transformation drive to become a global technology conglomerate. Its partnerships with global tech companies like Meta are a testimony to the continuous drive for innovation by working together on metaverse technologies, use cases that integrate with the latest Meta products and solutions, consumer channel digitization, enhancing augmented reality and virtual reality experiences and conversational commerce throughout its digital communication plans.
The metaverse will require seamless mobility enabled by macro-cellular networks relying on a mid-band spectrum such as the 6 GHz band. In this scenario, as an example, extended reality headsets will require sufficient bandwidth on 5G smartphones to connect to these networks. At etisalat by e&, there has been remarkable progress in 5G implementation and connections across the country.
5G is the enabler of the future digital society and the foundation for the digital economy. According to GSMA’s latest report, 5G will bring an economic contribution of $700 billion to society in 2030. At the end of March 2022, 5G services have been launched in more than 70 countries, with more than 220 5G networks being deployed, and more than 700 million 5G users.