KROHNE points way to safer process automation at MEICA 2023

KROHNE points way to safer process automation at MEICA 2023
MEICA 2023, the fourth edition since inception, ran from Sept. 12-14 in Alkhobar.
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Updated 30 September 2023
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KROHNE points way to safer process automation at MEICA 2023

KROHNE points way to safer process automation at MEICA 2023

KROHNE, a global manufacturer of process instrumentation, joined one of the increasingly important stakeholder engagement programs in the Middle East and Africa region earlier this month. MEICA 2023, the fourth edition since inception and the first in Saudi Arabia, ran from Sept. 12-14 in Alkhobar and brought together the instrumentation, automation and cybersecurity ecosystem partners of Saudi Aramco.

Always looking for ways to get closer to local partners and customers, KROHNE was represented by Serge Mattens, flown into the Middle East region especially to deliver his expertise on the importance of reliable measurement technology in potentially dangerous environments. Safety Integrity Levels as per IEC 61508 was the central theme for the presentation and was well-received by the gathered audience as they were asked to remember the two main causes of safety function failure: systematic errors and random errors, the latter of which is something under the control of the user.

Frank Janssens, vice president, KROHNE Middle East and Africa, said: “KROHNE Group has been in operation for over a century and is proudly built on key values we still cherish today, such as our pioneering capabilities within a family-style environment. Our goal at MEICA 2023 was to engage with a key stakeholder ecosystem in Saudi Arabia and share valuable knowledge from our global experts. Safety is a critical topic for our partners in the energy and infrastructure industries and we see it as of vital importance to share our insights and intelligence on how to solve these issues. We hope to be part of the team building a better tomorrow together through safer, more efficient measurement solutions. Only then can we meet and beat the net-zero targets we are aiming for.”

Founded in 1921 and headquartered in Duisburg, Germany, the KROHNE Group offers local contacts for instrumentation projects of any size in more than 100 countries. Operating in the MEA region, KROHNE has developed a reputation for trusted high-quality measurement solutions across key industries such as oil and gas, water and wastewater management, metal and mining, power and chemical plants.


1957 Ventures showcases innovative solutions at Fintech 24

1957 Ventures showcases innovative solutions at Fintech 24
Updated 6 sec ago
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1957 Ventures showcases innovative solutions at Fintech 24

1957 Ventures showcases innovative solutions at Fintech 24

Following its recent launch, 1957 Ventures is participating in the tech-focused Fintech 24 international conference, held for the first time in Saudi Arabia at the Riyadh Front Exhibition and Conference Center from Sept. 3-5. 

1957 Ventures is a platinum sponsor of the conference, underscoring its commitment to driving fintech innovation in the Kingdom. CEO Emad Kashgari delivered a keynote highlighting that 1957 Ventures is backed by the largest fund of its kind in the region — a closed-end investment fund focused on venture capital exceeding SR800 million ($213 million).

Kashgari addressed the future of fintech in the Middle East and North Africa, emphasizing Saudi Arabia’s leadership in the sector. He noted that the Kingdom captured 58 percent of all venture capital invested in the MENA fintech sector in 2023, with market value projections reaching $2.4 billion by 2029.

He said that 1957 Ventures was founded to support this remarkable growth and contribute to achieving the Financial Sector Development Program goals outlined in Vision 2030. He added that fintech investments in the Kingdom have witnessed exponential growth over the past three years. In 2023 alone, investments exceeded $790 million, marking a sixfold increase compared to $91 million in 2021 and $239 million in 2022.

At the conference, 1957 Ventures showcased a number of innovative solutions in the field of fintech. This presence allows the firm to share its expertise and attract potential investors.

Further demonstrating its commitment to guiding and leading innovation in fintech, 1957 Ventures is conducting six workshops throughout the conference covering topics such as: Exploring the World of Fintech in Saudi Arabia, Governance and Compliance in Fintech, Marketing Strategies for Fintech, Building a Successful Fintech Company, Investing in Fintech, and Sustainable Growth in Fintech. 

1957 Ventures will dedicate and double its efforts to building innovative financial technology companies and models. The firm will play a vital role in shaping the future of the banking and financial sector in the Kingdom by providing specialized support to ventures, including: funding and investment, guidance and mentorship, growth and sustainability expertise, technical and commercial expertise, access to target audiences. 

Fintech 24 aims to advance the financial sector globally. Hosting this conference in Riyadh solidifies the Kingdom’s position as a leader in this field, driven by the increasing reliance on financial technologies. This event contributes to Saudi Arabia’s national plans and builds a thriving fintech ecosystem to enhance economic growth and diversification.


24 Fintech Day 2: barq signs additional agreements

24 Fintech Day 2: barq signs additional agreements
Updated 04 September 2024
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24 Fintech Day 2: barq signs additional agreements

24 Fintech Day 2: barq signs additional agreements

On the second day of 24 Fintech, barq signed several agreements with various technology and financial companies to achieve its goals of enhancing services and improving customer experience, as well as providing more innovative benefits and solutions that meet the aspirations of its customers.

Saad Al-Muhana, chief business officer of barq, signed a memorandum of understanding with Mahmoud Zou Al-Ghina, chief commercial officer of LikeCard, to improve customer experience. In alignment with this goal, Abdulrahman Al-Ageel, chief marketing and customer experience officer at barq, also signed an agreement with Abdullah Al-Dosari, chairman and managing director, T2 SMS provider. Additionally, to enhance service quality, Al-Muhana signed an MoU with Ahmed Hamdan, CEO and co-founder of Unifonic.

These agreements are part of barq’s participation at 24 Fintech, hosted in Saudi Arabia for the first time from Sept. 3-5, 2024, at Riyadh Front Exhibition and Conference Center. The event serves as a significant global platform for the fintech sector, characterized by a large turnout and participation from leading figures and decision-makers in technology and financial sectors worldwide.

barq has achieved a remarkable milestone by reaching 1 million customers within three weeks of the official launch of its application on app stores in the Kingdom. This accomplishment serves as a motivation for the company to exert further efforts to enhance its services in appreciation of its customers’ trust.

 


MBSC celebrates graduation of 23 leaders from MODON

MBSC celebrates graduation of 23 leaders from MODON
Updated 04 September 2024
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MBSC celebrates graduation of 23 leaders from MODON

MBSC celebrates graduation of 23 leaders from MODON

Prince Mohammed Bin Salman College of Business and Entrepreneurship, the Kingdom’s world-class business school, celebrated the graduation of 23 leaders from the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, who completed the Advanced Leadership Program.

MBSC’s Advanced Leadership Program provides a unique opportunity for experienced professionals to hone their leadership skills with an entrepreneurial mindset. The program is designed to help participants develop their strategic thinking, problem-solving, and decision-making abilities. It also emphasizes the importance of team empowerment, innovation, and continuous learning in the modern workplace.

Dr. Zeger Degraeve, dean of MBSC, said: “The graduation of 23 leaders from MODON reflects MBSC’s growing impact and effectiveness in business education. MBSC has introduced a suite of new programs tailored to the evolving needs of professionals in the Kingdom of Saudi Arabia, and designed to equip participants with the essential skills and knowledge necessary to lead and manage effectively in a dynamic and competitive business landscape.”

MBSC has been conditionally accredited by the National Center for Academic Accreditation and Evaluation, at Education and Training Evaluation Commission, from May 2024 to April 2026.

MODON signed a partnership with MBSC to develop national leaders capable of adopting innovative thinking patterns and enhancing their leadership skills, in alignment with the Human Capacity Development Program under Saudi Vision 2030.

MODON’s Advanced Leadership Program highlights the organization’s commitment to excellence by enhancing its current leaders’ skills for strategic roles. This initiative empowers leaders with the confidence, impact, and entrepreneurial mindset needed for high performance. Partnering with MBSC ensures its leaders receive top-tier training, reinforcing its dedication to fostering a culture of excellence.

MBSC is situated  in King Abdullah Economic City, a contemporary urban center that provides an unparalleled modern environment for both students and faculty. The college offers world-class education from Saudi Arabia for Saudi Arabia in both KAEC and Riyadh, delivering practical, pragmatic, hands-on experiential learning to develop a new generation of transformative leaders.

Since its establishment in 2001, MODON has been responsible for developing and overseeing industrial lands and infrastructure. It currently manages 36 industrial cities, both operational and under development, along with private industrial cities and complexes across the Kingdom. This includes 6,443 industrial facilities and more than 7,900 industrial, investment, and logistical contracts. The total area of developed land amounts to more than 209 million square meters. With the launch of Saudi Vision 2030, which positions industry as a strategic choice to strengthen the national economy and promote sustainable development, MODON has become a key entity in achieving these national aspirations.


CIP leader OPSWAT expands strategic footprint in KSA

CIP leader OPSWAT expands strategic footprint in KSA
Updated 04 September 2024
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CIP leader OPSWAT expands strategic footprint in KSA

CIP leader OPSWAT expands strategic footprint in KSA

OPSWAT, a global leader in critical infrastructure protection solutions, with headquarters in Florida, US, has seen a significant expansion of its presence in Saudi Arabia, marked by tremendous business and overall economic growth of the country over the past two years.

The Saudi cybersecurity market is surging forward, reaching a value of SR13.3 billion ($3.55 billion) at the start of 2024, making it a fertile ground for advancing the cybersecurity industry. This aligns perfectly with OPSWAT’s specialized CIP technologies and tailor-made solutions that integrate operational technology and information technology security seamlessly.

Vision 2030 focuses on enhancing the resilience and preparedness of critical national infrastructure and cybersecurity education and awareness in the Kingdom. OPSWAT’s expansion in Saudi Arabia is dedicated to protecting the Kingdom’s essential services against an evolving landscape of cyberthreats as well as addressing the need for improved educational and technical training.

Sertan Selcuk, vice president, METAP and CIS, OPSWAT, said: “Safeguarding Saudi Arabia’s critical infrastructure against the rising tide of cyberthreats is essential to the nation’s security and economic stability. OPSWAT is dedicated to supporting Saudi Vision 2030 by fortifying the Kingdom’s defenses through advanced cybersecurity training and innovative solutions. Our commitment is to ensure that Saudi Arabia’s vital assets remain resilient in the face of evolving cyber challenges.”

OPSWAT has been named the official educational partner for the MENA Information Security Conference 2024, which it is also a gold sponsor of. As part of this broader strategy, OPSWAT Academy, the educational arm of OPSWAT, will offer complimentary CIP certifications to all event attendees, tailored specifically to the needs of the region’s cybersecurity professionals.

“We are committed to equipping the next generation of cybersecurity professionals with the skills needed to safeguard critical infrastructure. Our partnership with MENA ISC 2024 opens new avenues for participants to access world-class CIP cybersecurity training,” said Irfan Shakeel, vice president of OPSWAT Academy. “This initiative is part of OPSWAT’s global SR37.5 million scholarship program, reinforcing our dedication to addressing the growing demand for certified CIP cybersecurity experts.”

Recent reports indicate a significant rise in state-sponsored cyberattacks targeting Saudi Arabia’s critical infrastructure, driven by the nation’s rapid digital transformation. With the average cost of a data breach in the Kingdom reaching approximately SR30 million, the need for robust cybersecurity measures and human resources has never been more urgent. OPSWAT’s initiatives directly address these challenges, ensuring that young aspiring Saudis receive world-class training and that the Kingdom’s essential services remain secure.


Wallan Trading launches Renault Arkana in KSA

Wallan Trading launches Renault Arkana in KSA
Updated 03 September 2024
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Wallan Trading launches Renault Arkana in KSA

Wallan Trading launches Renault Arkana in KSA

Wallan Trading Company, the official distributor of the French carmaker Renault in Saudi Arabia, unveiled the new 2025 Renault Arkana at an event held at Al-Ammariyah Hills in Riyadh. The event was attended by customers and members of the media.

Fahad Al-Wallan, chairman of Wallan Holding Company, said that the Renault Arkana represents a significant addition to Renault’s vehicle range in the Saudi market, with the vehicle being characterized by its modern, elegant design and innovative, practical features. He said that the new tech-powered model begins its journey in the GCC markets from Saudi Arabia — a market of tremendous growth potential and of strategic importance to the Renault Group. The Arkana has undergone field tests in harsh climatic conditions, demonstrating high durability and reliability, making it well-suited to the Kingdom’s terrains, environment and the preferences of Saudi consumers.

Al-Wallan added that Wallan Trading Company is committed to offering the best in automotive innovation to customers in the Kingdom, providing the latest products and advanced services to enthusiasts of the French brand in the Saudi market.

The Arkana is Renault’s star player in the C-segment of compact crossover vehicles, with more than 240,000 units sold since its European launch in October 2020 in markets across Europe, Australia, Japan, and beyond.

The new Arkana combines a fluid feel and imposing stance, featuring a sleek design and robust build. It boasts strong performance and fuel efficiency and includes Renault’s new identity with the new logo embedded in the grille at the center of the deep glossy black band that connects the front headlights, and on the rear trunk.

The smoothly curved surface adds a sporty touch to the vehicle and enhances the elegance of the exterior design. It is equipped with a panoramic sunroof, and both the front and rear lights are LED.

Inside, depending on the variant, the vehicle is equipped with heated front seats, keyless entry, push-button start, a 9.3-inch infotainment screen, an advanced six-speaker sound system, 60:40 split-folding rear seats, as well as cruise control, a rearview camera, front and rear parking sensors, and other driver assistance and safety features.

The new Arkana is available in three trims: Evolution, Techno, and Esprit Alpine, offering a broader choice for customers. The Techno and Esprit Alpine trims come standard with an advanced navigation system and Renault EASY LINK infotainment system, which also connects wirelessly to Android Auto and Apple CarPlay. The Esprit Alpine trim features specifications that emphasize its sporty-chic character, such as the Satin Grey blade on the front bumper and the Shale Grey badge nestled in deep glossy black on the wing trim. It also includes 18-inch wheels and other features, with luxurious interior materials and distinctive colors that enhance its sporty-chic appeal.

The Renault Arkana measures 4,568 mm in length and 1,820 mm in width (2,034 mm with mirrors), with a wheelbase of 2,720 mm and an empty weight of 1,349 kg. It is built on the CMF-B platform developed by the Renault-Nissan-Mitsubishi Alliance, renowned for its efficiency, driving pleasure, versatility, high capabilities, and exceptional comfort.

The vehicle is powered by a 1.3-liter four-cylinder petrol engine, delivering up to 55 horsepower at 5,500 rpm and a maximum torque of 262 Nm at 2,250 rpm. The engine is paired with a seven-speed dual-clutch automatic transmission, ensuring an enjoyable driving experience on Saudi roads.

The Renault Arkana is available at Renault showrooms of Wallan at a price of SR94,749 ($25,250) for the Evolution trim, SR112,300 for the Techno trim, and SR116,900 for the top-of-the-line Esprit Alpine trim. ThEse prices include VAT and plates.