Author: Akin Naphtal

Intel has announced plans to invest over 30 billion euros ($33 billion) in the development of two chip-making plants in Magdeburg, Germany, as part of its expansion strategy in Europe. The deal, hailed as Germany’s largest-ever foreign investment by Chancellor Olaf Scholz, signifies Intel’s commitment to strengthening its presence in the region. In an agreement with the German government, Intel will receive subsidies amounting to nearly 10 billion euros, surpassing the initial offer of 6.8 billion euros. These subsidies aim to support the construction of two state-of-the-art facilities in Magdeburg, located in the state of Saxony-Anhalt. READ ALSO: German Government…

Africa Data Centres, a business of Cassava Technologies group, is pleased to announce that the London Internet Exchange (LINX) has brought them on board as a full point of presence (PoP) for the new East African interconnection hub, LINX Nairobi. The announcement follows news of a strategic partnership last month between the two organisations, to ensure growth and opportunities across new markets in Africa, to enhance connectivity, and bring digital services to citizens. LINX Nairobi is set to go live in the coming weeks and is the region’s first interconnected, multi-site Internet Exchange Point (IXP). The technical specification of the…

SentinelOne, an autonomous security platform, has fulfilled its commitment to comprehensive cybersecurity by announcing the general availability of its integration with Wiz. In addition, they have introduced a new benefit: early access to Singularity Skylight, a powerful solution that seamlessly integrates third-party data into SentinelOne’s Singularity Security DataLake. Recognizing the challenge of fragmented security data, Ely Kahn, Vice President of Product Management for Cloud Security and AI/ML at SentinelOne, emphasized the importance of a holistic approach. With the integration of Wiz, real-time cloud threat detections from SentinelOne can now be enriched with insights from Wiz, consolidating all security findings in…

Aluminium Bahrain B.S.C. (Alba), a leading global aluminum smelter, has achieved a significant milestone in its Industry 4.0 transformation by implementing an online performance system for its power stations. This system is powered by the EtaPRO® Asset Performance and Condition Monitoring platform, which is widely used across more than 60 countries and installed on over 3,000 units. The EtaPRO platform combines thermal performance analysis, anomaly detection and predictive analytics to enhance the availability, reliability and efficiency of critical assets in industrial plants. By adopting EtaPRO, Alba aims to fully leverage digital technology, improve overall performance, assess plant degradation, enhance asset…

Chinese tech giant Alibaba has announced a surprising change in its top leadership as it seeks to rebound from a period of sluggish growth due to weak consumer spending and increased regulatory scrutiny. The move comes as Alibaba prepares for a comprehensive reorganization of its extensive business operations, including cloud computing, e-commerce, logistics, media and entertainment and artificial intelligence. As part of the reshuffle, Joseph Tsai will assume the role of chairman, while Eddie Wu will become the new CEO, replacing Daniel Zhang, who currently holds both positions. The appointments will officially take effect on September 10. READ ALSO: Alibaba…

Avaya, a renowned provider of customer experience solutions, has announced the launch of its reimagined professional services, now known as Avaya Customer Experience Services (ACES). This enhanced offering integrates artificial intelligence (AI), cloud and digital technologies to deliver improved business outcomes and simplify communications and collaboration for customers. Recognizing the pivotal roles of AI and cloud technology in optimizing operations and enhancing customer experiences, businesses often face challenges in deploying and integrating these technologies due to a shortage of specialized talent and the rapid pace of AI advancements. READ ALSO: Qatar Stock Exchange Launches Advanced Trading Platform in Pursuit of…

Qatar Stock Exchange (QSE) has achieved a significant milestone in its strategic plan to position Doha as a leading investment hub in the region. Today, the exchange launched a new and high-performing trading platform, leveraging cutting-edge technology utilized by renowned global capital markets. The newly launched trading platform offers innovative, robust and scalable solutions that align with the advanced financial market technologies employed by the London Stock Exchange Group (LSEG). This comprehensive suite of technologies encompasses trading services, market data, data analytics and market surveillance. They operate on a unified framework, sharing the same technological infrastructure, data architecture and software…

Eman al-Kuwari, the Director of Digital Innovation Department at the Ministry of Communications and Information Technology (MCIT) in Qatar, emphasized the significance of partnerships with global technology providers like Huawei in driving the growth and development of the country’s information and communications technology (ICT) sector. During a panel discussion held at the inauguration of Huawei’s new office in Doha, al-Kuwari highlighted that these partnerships involve collaboration in various areas, including infrastructure development, technology transfer, knowledge sharing and capacity building. Such collaborations enable Qatar to benefit from advanced technologies and contribute to the establishment of a knowledge-based digital economy. READ ALSO:…

Majid Al Futtaim, a prominent retail and leisure group operating across the Middle East, Africa and Asia, has announced a long-term strategic partnership with Tabby, a leading shopping and financial services app in the MENA region. This groundbreaking partnership brings together a Buy Now, Pay Later (BNPL) provider and an extensive shopping malls and retailer ecosystem, aiming to offer customers a seamless and affordable shopping experience. By leveraging cutting-edge payment product capabilities from both organizations, the collaboration will enable interest-free credit through short-term installment plans. READ ALSO: Alibaba Announces Leadership Change to Drive Recovery and Business Reorganization The goal is…

Lenovo, a leading global technology solutions provider, has introduced Lenovo Premium Care for consumers in Egypt. This announcement follows Lenovo’s exceptional market share performance in Egypt, where the company holds a prominent position in both the overall market (28.7%) and the consumer segment (21.6%), according to IDC’s latest report. Lenovo’s success in Egypt can be attributed to its innovative product offerings and strong customer-centric approach. Lenovo Premium Care is a specialized service designed to cater to the unique needs of consumers in Egypt. It offers comprehensive solutions and outstanding support to address customer issues effectively. Certified Lenovo technicians provide fast…