Author: Akin Naphtal

Zain KSA, a leading telecommunications and digital services provider in Saudi Arabia, has achieved an all-time record revenue of SAR 9.1 billion for the full-year 2022, marking a growth of 15% from the previous year. The company also recorded the highest profit to date, reporting a net profit of SAR 550 million, indicating a significant growth of 157% compared to the previous year. READ ALSO:Huawei Egypt partners with Elsewedy Electric subsidiary for renewable energy cooperation Snap Inc. launches AR Enterprise Services to integrate AR into businesses’ channels and transform the shopping experience Elon Musk Values Twitter at $20 Billion, Less…

Huawei Egypt has partnered with El Sewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, to increase cooperation in clean and renewable energy, according to a press release on March 26th. The companies will work together to enhance the use of smart photovoltaic solutions provided by FusionSolar that combine electronic and digital energy technologies to support electric cars and buses in the Egyptian market. READ ALSO:Snap Inc. launches AR Enterprise Services to integrate AR into businesses’ channels and transform the shopping experience Elon Musk Values Twitter at $20 Billion, Less than Half of Purchase Price Accenture to cut…

Snap Inc. has announced the launch of its new enterprise solution, AR Enterprise Services (ARES), which aims to enable businesses to integrate Snap’s Augmented Reality (AR) into their owned and operated channels at scale. The suite of advanced tools that ARES offers will allow consumers to enjoy immersive and personalized experiences with their favorite brands. ARES’ Shopping Suite is its first solution and includes 3D Viewer, AR Try-On and Fit Finder embedded directly inside retailers’ own apps and websites. READ ALSO:Elon Musk Values Twitter at $20 Billion, Less than Half of Purchase Price Accenture to cut 19,000 jobs globally over…

According to reports from Platformer and The Information, Elon Musk has valued Twitter at $20 billion, less than half of the $44 billion he paid to acquire the social media platform. In a memo to staff, Musk stated that employees would receive stock grants based on Twitter’s $20 billion valuation. Last year, Musk admitted he was overpaying for Twitter at $54.20 per share and cited the price as a reason for attempting to back out of the deal. Musk reportedly wrote in the memo that he sees a “clear but difficult path” to achieving a $250 billion valuation, which would…

Accenture, the Irish-American professional services company, has announced that it will cut approximately 19,000 jobs, equivalent to 2.5% of its global workforce, over the next 18 months in an effort to reduce costs. The majority of the job cuts will be concentrated among back-office staff. Accenture will spend $1.2 billion on severance packages and another $300 million on consolidating office space. The company stated that it will continue to hire but will also streamline operations and transform non-billable corporate functions to save costs. Despite its plans to cut costs, Accenture lowered its revenue growth forecast for the 2023 fiscal year…

Dell Technologies has announced new security services and solutions to help organizations protect against threats, respond to attacks and secure their devices, systems and clouds. The company’s growing portfolio of security services and solutions aims to help organizations reduce risk and protect their businesses in a highly distributed IT environment that creates new opportunities for cybercriminals. According to Dell, 72% of IT business leaders and professionals believe the changing working world exposes their organization to even greater risk. Dell’s new security offerings help tackle these challenges so organizations can focus on what matters most to them. READ ALSO:WinGD wins “Digital…

WinGD, a marine engine technology developer based in Switzerland, has been awarded the “Digital Solutions Provider of the year” award at the Shiptek International Awards 2023 in Dubai for its WinGD Integrated Digital Expert (WiDE). WiDE is a comprehensive system that provides shipowners and operators with full awareness of their ships’ operating conditions. WinGD has been at the forefront of developing smart shipping solutions to decarbonise the industry in line with the IMO’s provisions. The company has devised several solutions and systems to digitalise shipping, including iCER (Intelligent Control by Exhaust Recycling) and Shipdex. WiDE aims to drive the shipping…

Emirates National Oil Company (ENOC), a Dubai government-owned enterprise, has chosen Fortinet Secure SD-WAN to enhance customer experience and operational efficiency. ENOC has more than 30 subsidiaries across 400+ locations globally, offering refining, lubricant blending, storage, aviation and retail services. It employs over 9,000 people and serves customers across 60 markets. To ensure a reliable, fast and secure company-wide access to various IT applications and services, ENOC had been using a managed networking service based on MPLS until 2021. As its critical applications and services moved to the cloud, managing the service became challenging. READ ALSO:Intel co-founder Gordon Moore, pioneer…

Gordon Moore, the co-founder of Intel Corp and a pioneer in the semiconductor industry, passed away at the age of 94. Moore, who co-launched Intel in 1968, was an engineer and a key figure in the development of the “Intel Inside” processors used in more than 80% of the world’s personal computers. In a paper he wrote in 1965, Moore predicted that the number of transistors on microchips would double every year, thanks to improvements in technology. This prediction, known as “Moore’s Law”, led Intel and other chipmakers to aggressively invest in research and development to ensure its continued success.…

Oracle and NVIDIA are expanding their partnership to bring NVIDIA’s AI applications to Oracle Cloud Infrastructure (OCI) Supercluster. NVIDIA has selected OCI as its first hyperscale cloud provider to offer its AI supercomputing service, NVIDIA DGX Cloud, to a larger customer base. NVIDIA is also hosting its NVIDIA AI Foundations generative AI cloud services on OCI, which can be accessed via DGX Cloud. The OCI Supercluster is being used by NVIDIA DGX Cloud and its associated services and NVIDIA has certified the Supercluster to meet DGX Cloud’s rigorous standards. OCI’s Supercluster consists of Compute Bare Metal, RoCE clusters with ultra-low…