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Xiaomi announces global launch of Xiaomi 13T Series
Xiaomi unveiled its latest Xiaomi 13T Series smartphones in a global launch in Berlin, Germany, on September 26th. These phones are designed for global customers looking to unleash their visual creativity, featuring professional Leica optical lenses for Authentic Leica Imagery. With advanced performance, long-lasting battery life, and a crystal-clear display, the Xiaomi 13T Series promises exceptional smartphone experiences for photography, video watching, and daily use.Simultaneously, the highly anticipated release was revealed in Riyadh at an exclusive media launch event held at the Ritz Carlton. Over 50 attendees, including content creators, tech editors, media, and authorized dealers, witnessed the unveiling of two exciting devices: Xiaomi 13T Pro and Xiaomi 13T.An experience zone...
September 28, 2023

Xiaomi announces global launch of Xiaomi 13T Series

Eng. Loay Mashabi.
Saudia Cargo appoints Loay Mashabi as managing director
Saudia Cargo announced the appointment of Eng. Loay Mashabi as Managing Director who will be joining on 8 October 2023.Eng. Loay, former Deputy Minister for Logistics Services at the Ministry of Transportation and Logistics Services, has an extensive background in the logistics sector and has played a pivotal role in the efforts to bolster Saudi Arabia’s position as a logistics hub.Throughout his career Loay has served at various positions in both the private and government sectors and has also acted as board member of Saudia Cargo, Saudi Authority for Industrial Cities and Technology Zones (MODON), Riyadh Integrated (Transportation, Logistics, Supply Chain and Storage) and Saudi Exports Authority.Together with Teddy Zebitz, CEO, Loay will oversee several functions and strategic...
September 28, 2023

Saudia Cargo appoints Loay Mashabi as managing director

Ahmed Oraif, Director, Clients & Markets at KPMG in Saudi.
How can CoEs be a game changer in creating livable cities?
By Ahmed Oraif, Director, Clients & Markets at KPMG in SaudiCity governments face many challenges daily, often needing to catch up on their strategic goal of creating more urban livable environments.To seek constant progress in leveraging the latest available best practices and technologies, the tried and tested approach of establishing a Center of Excellence (CoE) can be a game changer.Here are some of the successful global initiatives that illustrate the transformative power of CoEs:- The New York City Center for Economic Opportunity collaborates with the private sector to develop several innovative public-private partnership (PPP) projects, with more than 40 programs implemented in partnership with 20 city agencies.- The London Centre for Smart City Solutions has worked with the private...
September 27, 2023

How can CoEs be a game changer in creating livable cities?

Anchor from ancestral arts to modern markets: Strattner's 400-year legacy fuels a banking revolution
A rich heritage can go a long way, setting those born into families with meaningful artistic talent on their own unique paths to success. We see this example in Timo Bernd Strattner, who, over the past decade, has established himself as an authority in the banking industry. He turned a heritage of talent into another type of achievement in the financial markets, showing that perseverance, growth, and consistency span any field.Strattner honors a 400-year legacy while embracing change to achieve his goals, forging his way into the financial realm. His unique lineage originates from a deeply artistic and historically significant European family. Key figures like Gerog Christoph Strattner was a clerk and tenorist in Weimar Germany during the 1600s, showcasing an unprecedented talent that...
September 26, 2023

Anchor from ancestral arts to modern markets: Strattner's 400-year legacy fuels a banking revolution

Zunaid Ahmed Palak, Bangladesh’s state minister for information and communication technology, and the DCO Secretary-General Deemah AlYahya, attended the signing of the charter to become a Member State in DCO on the sidelines of the United Nations General Assembly.
Bangladesh signs charter to become a member state in the Digital Cooperation Organization
NEW YORK – The Digital Cooperation Organization (DCO) announced that Bangladesh has confirmed their decision to become a Member State in the organization, helping it strengthen and expand initiatives to empower more women, youth and entrepreneurs to realize the potential of the digital economy. HZunaid Ahmed Palak, Bangladesh’s state minister for information and communication technology, and the DCO Secretary-General Deemah AlYahya, attended the signing of the charter on the sidelines of the United Nations General Assembly.Palak welcomed the announcement, stating: “The Digital Cooperation Organization helps countries to accelerate digital transformation. By joining the DCO, we will be able to share best practices and work together to address common challenges and build a more...
September 20, 2023

Bangladesh signs charter to become a member state in the Digital Cooperation Organization

Lulu Group launches food processing & export hub in Italy
To further boost its sourcing operations and to bring in high quality products for its large chain of hypermarkets, Abu Dhabi based retail giant Lulu group today officially opened it’s world-class sourcing, food processing & export hub in Italy.Y International Italia, the sourcing division of Lulu Group was inaugurated by Guido Guidesi, Italian Minister of Economic Development in the presence of Yusuffali MA, Chairman and Managing Director of Lulu Group. Also present on the occasion were Roberto Rizzardo, Head of FDI Department of Invitalia, Valerio Soldani, Director of Italian Trade Agency, Naser Al Khaja, Charge d’affaires at the UAE Embassy in Italy, Dr. Nasser Al Balooshi, Bahrain Ambassador to Italy , Cesare Trevisani, Chairman of Arab Chamber of Commerce of Italy, Mohamed Althaf,...
September 20, 2023

Lulu Group launches food processing & export hub in Italy

Elon Musk
X platform could go behind paywall, says Elon Musk
WASHINGTON — Elon Musk has suggested that all users of X, formerly called Twitter, may have to pay for access to the platform.In a conversation with Israeli Prime Minister Benjamin Netanyahu, the billionaire said a payment system was the only way to counter bots."We're moving to having a small monthly payment for use of the system," the Tesla and SpaceX boss said.The BBC approached X for further details but has not yet received a statement from the company.It is unclear whether this was just an off-the-cuff comment, or a signal of firmer plans that have yet to be announced.Musk has long said that his solution for getting rid of bots and fake accounts on the social media platform is charging for verification.Since taking over Twitter last year he has looked to incentivise...
September 19, 2023

X platform could go behind paywall, says Elon Musk

A skyline of Shanghai, China's financial capital, captured on August 7
China’s central bank woos top Western firms as economic challenges grow
HONG KONG — China will open up its financial industry and make its business environment more friendly for foreign businesses, the country’s central bank governor told a number of top Western companies on Monday, renewing Beijing’s efforts to lure overseas capital as economic challenges mount.Pan Gongsheng, governor of the People’s Bank of China (PBOC) and head of the country’s foreign exchange regulator, chaired a symposium with representatives from foreign companies, including JP Morgan, Tesla (TSLA), HSBC (HSBC), Deutsche Bank (DB), BNP Paribas, Japan’s MFUG Bank, German chemical producer BASF, commodities trader Trafigura and Schneider Electric, according to a statement posted on the websites of the PBOC and the State Administration of Foreign Exchange (SAFE).The symposium...
September 19, 2023

China’s central bank woos top Western firms as economic challenges grow

An Evergrande development in Nanjing, eastern China, pictured on August 18
Evergrande’s woes deepen after police detain staff at its shadow bank
HONG KONG — Chinese police have detained some staff of Evergrande’s wealth management unit after the company failed to repay investors, in the first criminal probe launched against the embattled property developer since it was hit by a massive debt crisis in late 2021.Shares in the company tumbled as much as 26% in Hong Kong on Monday but later recovered most of its losses to close 1.6% lower.Police in the southern megacity of Shenzhen, where Evergrande is headquartered, said Saturday in a statement they had recently detained some staff at Evergrande Wealth, which has been raising funds for its parent firm from individual and corporate investors as part of China’s “shadow banking” sector since the unit’s founding in 2015.Shadow lenders, including trust firms, operate outside of...
September 19, 2023

Evergrande’s woes deepen after police detain staff at its shadow bank

Saudi Call, an ICT service provider in Saudi Arabia, signed a Memorandum of Agreement (MoA) in Riyadh with Shanghai Lumaotong Group (LMT) and China Mobile International Limited (CMI) on Sept. 11.
Saudi Call and Shanghai Lumaotong Group joint venture to launch 100MW Data Centers in Saudi Arabia
RIYADH — Saudi Call, an ICT service provider in Saudi Arabia, signed a Memorandum of Agreement (MoA) in Riyadh with Shanghai Lumaotong Group (LMT) and China Mobile International Limited (CMI) on Sept. 11.This collaboration aims to promote investment in the construction of data centers in Saudi Arabia.According to the MoA, the parties will leverage their strengths to jointly advance the construction of 100MW Tier III & Tier IV Saudi Call Crownland Data Centers in Riyadh, Jeddah, Dammam, and NEOM.These facilities will offer integrated solutions, including storage, network coverage, and database services, to support the ever-growing business needs of the region's Digital Economy, Artificial Intelligence, Cybersecurity, and Big Data.Lumaotong Group is establishing a joint venture with...
September 18, 2023

Saudi Call and Shanghai Lumaotong Group joint venture to launch 100MW Data Centers in Saudi Arabia

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