Daily Archives: January 19, 2024

Technologies

Lenovo Reveals Top Three Challenges Faced by CIOs

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Lenovo Reveals Top Three Challenges Faced by CIOs

United Arab Emirates, Dubai, January 18, 2023 – Across industries, as technology becomes more central to business operations, the role of a CIO is increasingly broad. From digital transformation to the carbon footprints of data centres, CIOs are responsible for an ever-growing set of workstreams.

This is backed up by Lenovo’s  Global Study of CIOs, which found that 84% of IT leaders believe they contribute to company success more than other C-suite leaders, and that nine out of ten believe that they are shouldering more responsibility than ever before. Lenovo’s global study also found that many are also worried that investment in innovation will ‘dry up’, leaving them unable to achieve their many goals, with 83% concerned that they will be left with insufficient budget. 

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Technologies

Red Hat Transforms Partner Experience to Deliver Enhanced Customer Value

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Red Hat Transforms Partner Experience to Deliver Enhanced Customer Value

New partner engagement model and program framework provides simplified, transparent paths for partner collaboration to fuel business outcomes for customers

January 18, 2024 – Red Hat, Inc., the world’s leading provider of open source solutions, today announced the transformation of its global partner experience to offer greater simplicity, choice and flexibility to partners collaborating with Red Hat. As part of this transformation, Red Hat is modernizing its partner engagement model by launching a new program framework, introducing upgraded tools to enable streamlined cross-collaboration and providing easier access to critical technology, training and resources.

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Business & Investments

Saudi Tadawul Group acquires a strategic stake in Dubai Mercantile Exchange creating Gulf Mercantile Exchange

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Saudi Tadawul Group acquires a strategic stake in Dubai Mercantile Exchange creating Gulf Mercantile Exchange

  • Saudi Tadawul Group will acquire a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), through the acquisition of a mix of new and existing shares, becoming the joint largest shareholder alongside CME Group.
  • DME will be rebranded as the Gulf Mercantile Exchange to reflect its position as the key regional commodities exchange in the Middle East with global relevance.
  • Through DME’s flagship DME OQD Contract – the crude oil futures contract that generates the world’s largest amount of physically delivered crude oil – physical delivery volumes reached 210 million barrels of oil in 2023, up from 181 million in 2022.
  • The investment by Saudi Tadawul Group brings together world-class strategic partners and expertise to accelerate DME’s growth potential, including CME Group, the Oman Investment Authority, and Dubai Holding alongside global financial and commercial shareholders.
  • The partnership will unlock further opportunities in the energy, metals, and agricultural commodity markets and support the ongoing transition to a sustainable economy through the launch of next-generation derivative contracts.
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Education

BITS Pilani Dubai Campus Organizes Successful Week-long Young Entrepreneurs Bootcamp Program

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BITS Pilani Dubai Campus Organizes Successful Week-long Young Entrepreneurs Bootcamp Program

  • Propels Aspiring Minds into the World of Innovation and Entrepreneurship
  • Nine teams comprising 50 students from India, Indonesia, and the UAE presented their business ideas to a distinguished panel of judges
  • Team Netra AI secured the first place for their AI-based device for the visually impaired.

Dubai, UAE– The Young Entrepreneurs Bootcamp (YEB), organized by BITS Pilani Dubai Campus (BPDC), has concluded, marking a significant milestone for aspiring entrepreneurs. The transformative week-long residential program unfolded over five days, providing students in Grades 9 to 12 with an immersive experience in technology-driven innovation and the intricate nuances of the entrepreneurial ecosystem.

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