New Murabba showcases vision for Riyadh’s urban development

New Murabba showcases vision for Riyadh’s urban development
New Murabba’s multi-faceted presence at the forum included an interactive exhibition booth with visual highlights of its ambitious plans for urban planning and development.
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Updated 12 February 2024
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New Murabba showcases vision for Riyadh’s urban development

New Murabba showcases vision for Riyadh’s urban development

New Murabba Development Company showcased its world-leading vision for urban development at the recent Public Investment Fund Private Sector Forum, held on Feb. 6-7, at the King Abdulaziz Conference Center in Riyadh. NMDC’s participation highlights its ambition to forge strong partnerships with key stakeholders, both existing and new.

Michael Dyke, NMDC’s chief executive, led the attending delegation, actively engaging with stakeholders, including potential investors, and future partners. The forum presented a unique opportunity for New Murabba to demonstrate how it will become the world’s most transformative and modern city center, serving as a model for future urban development, and contributing toward the city’s evolution in line with Saudi Vision 2030.

New Murabba’s multi-faceted presence at the forum included an interactive exhibition booth with visual highlights of its ambitious plans for urban planning and development, with Salman Alhubeis, executive director of delivery, sharing his views on the project’s execution during a panel discussion. 




Michael Dyke, CEO of New Murabba Development Company

CEO Dyke said: “The vision behind New Murabba is to create a transformative, vibrant, and sustainable downtown that will set new standards for urban development, and contribute to the city’s future development in line with Saudi Vision 2030. Through New Murabba, NMDC will lead the charge of urban planning and development, toward a technologically advanced  and sustainability-conscious future. New Murabba will act as a key enabler of Vision 2030, while delivering an immersive experience for those who wish to live, partner, visit or work there.”

Dyke also emphasized NMDC’s commitment to enabling Saudi Arabia’s economic diversification. New Murabba will be a blueprint for future urban development, delivering innovation, environmental responsibility, and economic growth for the Kingdom.

The forum, hosted by Saudi Arabia’s sovereign wealth fund, aimed to strengthen the Kingdom’s local economy and support the fund’s private sector engagement.

The event welcomed more than 8,000 participants from the private sector, including CEOs and business leaders. It also featured more than 100 pavilions for private sector companies and saw the participation of over 80 of the PIF’s portfolio companies.


SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom

SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom
Updated 24 July 2024
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SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom

SAB, HSBC forge strategic partnership to drive financial innovation in the Kingdom

Saudi Awwal Bank, a leading bank in the Kingdom of Saudi Arabia, has signed a Memorandum of Understanding with HSBC, one of the world’s largest banking and financial services organizations, to strengthen their collaboration to accelerate financial innovation.

This strategic alliance comes as Saudi Arabia aspires to become a hub for financial innovation through Vision 2030. 

The signing ceremony took place in London, further solidifying the strong partnership between the two banks.

Tony Cripps, managing director and CEO at SAB said: “Our customers’ evolving needs in this rapidly changing, technology-driven era require us to innovate and introduce cutting-edge solutions continuously. As the Kingdom’s leading international bank, we are thrilled to leverage HSBC’s significant scale, capabilities, and expertise to bring the next generation of banking services to Saudi Arabia.”

Stephen Moss, chief executive officer, HSBC Middle East, North Africa and Turkiye and board member of SAB, echoed the sentiment: “For over 70 years, HSBC and SAB have worked together to develop leading banking services in Saudi Arabia. This MoU expands our support of SAB, providing access to HSBC’s expertise in leading-edge and innovative solutions for the benefit of customers.”

The MoU aligns with “SAB’s” growth strategy, which is focused on accelerating the pace and scale of Innovation. 

It also affirms SAB’s continued commitment to supporting Vision 2030 and the associated key initiatives under the Financial Sector Development Plan to transform the Kingdom into a leading financial technology and innovation hub.

The partnership also aims to strengthen SAB’s leading position in the banking sector as the bank continues to cater to its customers’ evolving needs.

SAB recently received accreditation as an innovation organization by the Global Innovation Institute “GInI” becoming the first bank in the Kingdom to be certified by GInI.  

SAB was also awarded the Global Banking Innovation Award for Small and Medium Enterprises by the Digital Banker.


The role of SAS analytics in flood management

The role of SAS analytics in flood management
Updated 24 July 2024
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The role of SAS analytics in flood management

The role of SAS analytics in flood management

The devastating effects of flooding on infrastructure, human lives, and the economy are undeniable. 

As climate change intensifies the frequency and severity of flooding events, effective flood management has become top priority. 

Through providing advanced analytics and forecasting tools, SAS has grown into a key player in the field of flood management, supporting organizations in both preparing for and minimizing the impact of floods.

Considering how unpredictable natural disasters like flooding can be, Alexander Tikhonov, regional director of SAS Middle East, Turkiye and Africa, underscored SAS’ dedication to developing innovative, lifesaving solutions.

“We are deeply committed to supporting communities with cutting-edge technologies that not only enhance operational efficiency but also safeguard lives. Our efforts through the SAS D[n]A Factory initiative reaffirm our dedication to developing innovative solutions that help communities better prepare for and respond to natural disasters.”

Under SAS D[n]A Factory, the company’s new, pioneering initiative, SAS draws on its extensive international expertise to create a tailored solution that responds perfectly to the region’s specific needs and challenges. 

This solution demonstrates the proven value of SAS’ flood management tools, based on trusted data, analytics, and AI, in equipping organizations better prepare for future flooding events and unforeseen situations.

Currently, the pilot version of the solution illustrates the following capabilities: 

1. Advanced Analytics: Processes enormous volumes of data coming from various data sources to provide accurate flood forecasts and risk assessments.

2. Real-Time Monitoring: Shows how important real-time data is when it comes to monitoring flood-prone areas and predicting potential flooding events.

3. Proactive Planning: Emphasizes the role of predictive analytics in proactive flood management, allowing organizations to plan and implement mitigation strategies well in advance.

4. Enhanced Community Preparedness: Provides insights into how communities can leverage SAS tools to improve their preparedness and response to flood emergencies.

SAS has proven that it can provide more than just theoretical answers by working with an extensive number of governmental and nongovernmental organizations globally to enhance their flood management systems.

For instance, SAS collaborated with the Jakarta government to deploy an award-winning flood control system integrated into the “JAKI” super app. 

Using real-time data and advanced predictive analytics, this innovative system can accurately predict flooding events. It combines sensor data and weather forecasts, enabling timely interventions that significantly reduce the adverse effects of floods. Not only has the system strengthened Jakarta’s flood response, but it has also garnered praise for its groundbreaking application of technology to city planning.

The Town of Cary in North Carolina, US, is another great example. SAS has provided the town with a tailored flood incident prediction and preparedness solution, utilizing the Microsoft Azure platform and integrating flood risk assessment, real-time monitoring, and predictive analytics capabilities. 

The system’s ability to bring together data from several sources, including weather forecasts, river levels, and historical data, allows for accurate flood forecasting and early warning services. Thanks to this proactive approach, the Town of Cary is now significantly better prepared to deal with potential flood threats, guaranteeing the community’s safety.

Regional flood management strategies can be drastically enhanced with the power of SAS advanced analytics and real-time data processing tools.  

In addition to mitigating flood damage, this new solution from SAS D[n]A Factory can help local communities feel less vulnerable to flooding events while properly equipped to quickly recover.


The role of SAS analytics in flood management

The role of SAS analytics in flood management
Updated 24 July 2024
Follow

The role of SAS analytics in flood management

The role of SAS analytics in flood management

The devastating effects of flooding on infrastructure, human lives, and the economy are undeniable. 

As climate change intensifies the frequency and severity of flooding events, effective flood management has become top priority. 

Through providing advanced analytics and forecasting tools, SAS has grown into a key player in the field of flood management, supporting organizations in both preparing for and minimizing the impact of floods.

Considering how unpredictable natural disasters like flooding can be, Alexander Tikhonov, regional director of SAS Middle East, Turkiye and Africa, underscored SAS’ dedication to developing innovative, lifesaving solutions.

“We are deeply committed to supporting communities with cutting-edge technologies that not only enhance operational efficiency but also safeguard lives. Our efforts through the SAS D[n]A Factory initiative reaffirm our dedication to developing innovative solutions that help communities better prepare for and respond to natural disasters.”

Under SAS D[n]A Factory, the company’s new, pioneering initiative, SAS draws on its extensive international expertise to create a tailored solution that responds perfectly to the region’s specific needs and challenges. 

This solution demonstrates the proven value of SAS’ flood management tools, based on trusted data, analytics, and AI, in equipping organizations better prepare for future flooding events and unforeseen situations.

Currently, the pilot version of the solution illustrates the following capabilities: 

1. Advanced Analytics: Processes enormous volumes of data coming from various data sources to provide accurate flood forecasts and risk assessments.

2. Real-Time Monitoring: Shows how important real-time data is when it comes to monitoring flood-prone areas and predicting potential flooding events.

3. Proactive Planning: Emphasizes the role of predictive analytics in proactive flood management, allowing organizations to plan and implement mitigation strategies well in advance.

4. Enhanced Community Preparedness: Provides insights into how communities can leverage SAS tools to improve their preparedness and response to flood emergencies.

SAS has proven that it can provide more than just theoretical answers by working with an extensive number of governmental and nongovernmental organizations globally to enhance their flood management systems.

For instance, SAS collaborated with the Jakarta government to deploy an award-winning flood control system integrated into the “JAKI” super app. 

Using real-time data and advanced predictive analytics, this innovative system can accurately predict flooding events. It combines sensor data and weather forecasts, enabling timely interventions that significantly reduce the adverse effects of floods. Not only has the system strengthened Jakarta’s flood response, but it has also garnered praise for its groundbreaking application of technology to city planning.

The Town of Cary in North Carolina, US, is another great example. SAS has provided the town with a tailored flood incident prediction and preparedness solution, utilizing the Microsoft Azure platform and integrating flood risk assessment, real-time monitoring, and predictive analytics capabilities. 

The system’s ability to bring together data from several sources, including weather forecasts, river levels, and historical data, allows for accurate flood forecasting and early warning services. Thanks to this proactive approach, the Town of Cary is now significantly better prepared to deal with potential flood threats, guaranteeing the community’s safety.

Regional flood management strategies can be drastically enhanced with the power of SAS advanced analytics and real-time data processing tools.  

In addition to mitigating flood damage, this new solution from SAS D[n]A Factory can help local communities feel less vulnerable to flooding events while properly equipped to quickly recover.


FedEx appoints managing director of operations in KSA

FedEx appoints managing director of operations in KSA
Updated 24 July 2024
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FedEx appoints managing director of operations in KSA

FedEx appoints managing director of operations in KSA

Federal Express Corporation, the world’s largest express transportation company, has appointed Abdulrahman Al-Mubarak as its new managing director of operations in Saudi Arabia. Based in Riyadh, Abdulrahman holds a regional role in the Middle East and is responsible for the company’s strategic direction and operations for Saudi Arabia, Egypt, and Jordan.

Abdulrahman joins FedEx with over 15 years of experience in regulatory compliance, business development, strategic planning, and operational excellence across the Kingdom’s aviation and logistics industry, in both the private and public sectors. 

“It is an honor to be part of the FedEx family and to work with such an incredible team. As we look to the future, I am focused on fostering stronger collaborations with authorities, enhancing our services and connectivity, and enabling local businesses to harness the full potential of global trade,” said Abdulrahman Al-Mubarak, managing director of FedEx Operations.


Honor 200 Series makes regional debut at Dubai event

Honor 200 Series makes regional debut at Dubai event
Updated 23 July 2024
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Honor 200 Series makes regional debut at Dubai event

Honor 200 Series makes regional debut at Dubai event

Global technology brand Honor regionally launched its new 200 Series at a spectacular event in Dubai. The series introduces two cutting-edge models, the Honor 200 Pro and Honor 200, promising to reshape the smartphone experience and portrait photography with a range of advanced AI features across camera, chipset, display, user interface and powerful capabilities in a sleek design. The Honor 200 Series will be available in Saudi Arabia, the UAE, Iraq, Oman, Qatar, Kuwait, and Jordan, with a later rollout expected in South Africa.

The event revolved around the concept of taking off on a journey to “Honor AI World,” where guests were invited to discover the latest advancements in AI portrait photography on the 200 Series. They engaged in interactive zones and experiences, in addition to a shooting booth that showcased the innovative capabilities and excellence of AI technology in capturing portraits.

Furthermore, Honor’s top management highlighted in the event its significant expansion in the region over the past year. The brand has achieved impressive growth in the Middle East, with a notable 154 percent year-over-year revenue growth in 2023. The trend continued in the first half of 2024, showing a strong 90 percent revenue growth. Particularly noteworthy is its 544 percent growth in the premium segment, reflecting Honor’s strategic expansion and growing consumer preference in the region’s competitive market.

Daniel Wang, president, Honor Middle East Africa, said: “We are excited to launch the cutting-edge Honor 200 Series in the Middle East, setting new benchmarks in AI portrait photography.” He added: “Featuring the Honor 200 Pro and Honor 200, these models showcase advanced AI across camera, chipset, display, and user interface, catering to the demands of consumers in the region.”

The event welcomed Dr. Ghalib Al-Shammari, chairman of the Saudi Society for Artificial Intelligence and Smart Systems, who shared his vision on the future of AI and its transformative impact on society. He highlighted AI’s paths and trends and the potential to improve everyday life with the power of AI.

His remarks underscored the significant role of AI in shaping a more efficient and interconnected world, which aligns seamlessly with Honor’s mission to create a new intelligent world for everyone, reinforcing the brand’s dedication to innovation and enhancing user experiences through cutting-edge AI technology.

The event also featured Shaina Suchdev, COO of Studio Harcourt, who highlighted their 90-year legacy and their collaboration with Honor in developing the AI Portrait Engine. This collaboration blends Studio Harcourt’s artistic heritage with cutting-edge AI technology, promising to redefine portrait photography by delivering high-quality, distinctive portraits that reflect the studio’s signature style empowered by AI.

The event was attended by prominent figures and influencers from the region, including Mustapha Azab, celebrity portrait photographer; and Saeed Jumoh, chairman of Emirates Photography Society and general secretariat of Union Of Arab Photographers.

At the event, it was announced that Honor 200 Series won an award for “Best Portrait Phone” from Hia Magazine.

The Honor 200 Pro is available for pre-order in three colorways: Ocean Cyan, Moonlight White, and Black, at a price of SR2,699 ($720).

Honor 200 is available in Moonlight White, Emerald Green, and Black. The 12 GB+512 GB version is available at a price of SR1,999 and the 12 GB+256 GB version is available for SR1,699.