Mobily prepares major announcements for LEAP22 tech conference

LEAP22 will take place in Riyadh from Feb. 1 to Feb. 3. (Shutterstock)
Short Url
Updated 23 January 2022
Follow

Mobily prepares major announcements for LEAP22 tech conference

RIYADH: Etihad Etisalat, known as Mobily, said it will launch a range of innovative and disruptive digital solutions during LEAP22, the technology event scheduled for Riyadh in February.

Mobily’s announcements will be in the area of the Internet of things, artificial intelligence, smart cities, smart health care systems and others, it said in a statement.

“LEAP is a turning point in the Kingdom’s journey toward digital transformation, elevating its position at the forefront of global players who develop and empower the latest technologies that shape the future of our world,” said Mobily CEO Eng. Salman Al Badran. “As the Kingdom moves toward enabling a leading digital economy, Mobily seeks to provide individuals and corporates with the tools they need to unlocking opportunities and pursue their ambitions.”

“At Mobily, we persistently contribute to the realization of Vision 2030 through providing advanced telecommunications services and digital solutions that contribute to transforming the Kingdom’s digitalization ambitions into reality, he said.

Leap will be held in Riyadh from Feb. 1 to Feb. 3, 2022.

Saudi Arabia has been embracing technology as a means to loosen the economy’s dependency on hydrocarbons.

In August, $1 billion of initiatives aimed at improving digital skills in the Kingdom were unveiled under the name Launch. Among the targets is an ambition to train one in every 100 Saudis to be programmers, and the creation of 25,000 jobs in data science and AI by 2030.

Saudi Arabia has also attracted the Middle East’s first Apple Developer Academy, which will initially focus on women coders.

LEAP will host 700 start-ups and will feature a host of keynotes, workshops and assemblies on topics from smart cities to space and satellites, health tech, future energy.

The LEAP Forward stage will tackle issues around the most prominent future technologies, including self-driving vehicles and AI, exosuits, nanorobotics, augmented reality, and bionics.

International speakers include Raghu Raghuram, CEO of cloud-computing giant VMware, Börje Ekholm, president and CEO of Ericsson, and Dr. Saket Kumar, chief data scientist for Global Premium Services at Google. Regional speakers include Manar Al-Moneef, regional CEO of GE Renewable Energy, and Ghinwa Baradhi, HSBC’s chief information officer in the Middle East and North Africa.

Altogether 450 speakers and 40,000 visitors are expected at the event.


Aramco CEO sees ‘catastrophic consequences’ for oil if shipping doesn’t resume in Strait of Hormuz

Updated 49 min 38 sec ago
Follow

Aramco CEO sees ‘catastrophic consequences’ for oil if shipping doesn’t resume in Strait of Hormuz

DUBAI: Saudi Arabia’s Aramco , the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.

The disruption has not only upended the shipping and insurance sectors but ‌also promises to ‌have drastic domino effects on ​aviation, ‌agriculture, ⁠automotive and ​other industries, ⁠Aramco CEO Amin Nasser told reporters on an earnings call.

Nasser noted global inventories of oil were at a five-year low and said the crisis will lead to drawdowns at a faster rate, adding that it was critical that shipping in the strait ⁠resumed.

“There would be catastrophic consequences for ‌the world’s oil markets and ‌the longer the disruption goes ​on, and the more drastic ‌the consequences for the global economy,” he ‌said.

Nasser also said a small fire from an attack last week on Aramco’s Ras Tanura refinery, its largest domestically, was quickly extinguished and brought under control, adding that ‌the refinery was in the process of being restarted.

Iran’s Revolutionary Guards said on Tuesday ⁠they ⁠would not allow “one liter of oil” to be shipped from the Middle East if US and Israeli attacks continue, prompting a warning from President Donald Trump that the US would hit Iran much harder if it blocked exports from the vital energy-producing region.

His comments come after Aramco reported a 12 percent drop in annual profit mainly due to lower crude prices. It also announced it would repurchase ​up to $3 billion worth ​of shares in its first-ever buyback.