January 18, 2020

Hon Hai Precision, the main assembler of Apple’s iPhones, will establish a joint venture with car giant Fiat Chrysler to develop and make electric vehicles in China.

Hon Hai and its subsidiaries will hold 50 per cent of the venture and Fiat the rest, the Taiwanese company said in an exchange filing.

While the two companies have yet to sign a formal agreement, they plan to target the Chinese market first and consider exporting cars later. They aim to sign the agreement in the first quarter, according to a person familiar with the matter, and Hon Hai’s Hong"...

January 18, 2020

An unbiased approach to salary increases, promotions, and hiring are some of the reasons why artificial intelligence-enabled robots will make good managers in the workforce, a new study has discovered.

Results from the second annual AI at Work study, conducted by Oracle and Future Workplace, revealed that the use of AI is becoming more prominent, with 50 per cent of workers currently using some form of AI at work, compared to only 32 per cent last year.

At 65 per cent, the majority of workers in the study said that they are optimistic, excited and grateful about having"...

January 17, 2020

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced Metalurgica Fallgatter and Continental Parafusos, two industrial manufacturers in Brazil, have transformed their IT roadmaps since switching to Rimini Street’s premium support model for their SAP applications. Both companies leveraged the savings – realized by switching from vendor support to Rimini Street support – to fund their business transformations. The decision to move to third-party support was spearheaded by the companies’ respective Chief Financial Officers (CFOs) and resulted in improvement in productivity and business operations. Digital Innovation on the Agenda of the Modern CFO Today’s CFOs are taking powerful and innovative approaches to optimize budget spend and transform the way they view digital IT assets. By redefining vendor relationships and freeing up new, elastic forms of working capital, CFOs aim to help the business increase top-line growth, reduce bottom-line costs, or both. The CFOs at Metalurgica Fallgatter (Fallgatter) and Continental Parafusos (Continental) led the charge to identify ways for their respective companies to reduce their SAP application maintenance spend. Both organizations zeroed in on third-party support as the alternative solution......

January 17, 2020

Sterling and Wilson Solar Limited (SWSL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), the world’s largest solar EPC solutions provider*, has been awarded the prestigious ‘Utility-Scale Solar Project of the Year’ at the recently held Middle East Solar Awards 2020 in Abu Dhabi. The Company was felicitated with the award during the World Future Energy Summit, one of the leading global industry events for future energy, cleantech and sustainability.

Bikesh Ogra, Director and Global CEO, Sterling and Wilson Solar Limited said, “We are delighted to be recognized by Middle East Solar Awards for the second time. Today, sustainability"...

January 16, 2020

Sentiments regarding the use of Artificial Intelligence (AI) in the workplace have grown warmer across the UAE, with a large number of workers saying that they are looking forward to working with AI-enabled robots, a new survey has found.

According to the second annual AI at Work study conducted by Oracle and Future Workplace, 72 per cent of UAE respondents are either 'excited' or 'optimistic' about having robot co-workers. It was found that UAE workers would like to delegate mundane tasks like creating expense reports, calculating employee benefits, writing pay checks, and managing vacation requests to AI-enabled robots. In"...

January 16, 2020

The UAE can save over Dh11 billion through implementing advanced blockchain technologies, according to a new report.

In addition to the cost savings, the UAE government can eliminate 398 million printed documents and 77 million work hours per year through leveraging blockchain to process routine transactions, said a whitepaper released by the Centre for the Fourth Industrial Revolution UAE (C4IR UAE), said the Dubai Future Foundation (DFF) and the World Economic Forum on Wednesday.

Currently, 80 per cent of public and private sector entities are already using the technology.

January 15, 2020

AJMAN, 14th January, 2020 (WAM) -- As part of its efforts to effectively embrace Ajman’s vision of a digital economy through smart governance, the Ajman Media City Free Zone announced that it will link its digital services with Ajman Pay.

Chairman of Ajman Media City Free Zone, Sheikh Abdulaziz bin Humaid Al Nuaimi, said, 'We commend the efforts of Ajman’s Department of Finance to meet the needs and objectives of the Ajman Media City Free Zone. Through this achievement, we believe that it will improve the quality of services provided to companies operating in the Ajman Media City Free Zone.'

'The"...

January 15, 2020

MPEG LA, LLC today announced availability of the Qi Wireless Power Patent Portfolio License providing one-stop access to the standard for wireless charging and power transfer known as Qi* developed by the Wireless Power Consortium.

“Just as Qi makes mobile products more mobile by removing wires from wireless devices, MPEG LA is pleased to make Qi technology readily available to the worldwide market on the same terms under an efficient and affordable license,” said MPEG LA President and CEO Larry Horn.

The initial patent owners to MPEG LA’s Qi Wireless"...

January 15, 2020

NEC Corporation (TOKYO: 6701) and its subsidiary OCC Corporation announced today that they have completed full qualification of subsea repeaters and optical cable containing up to 20 fiber pairs (40 fibers). This is a 25% improvement in fiber count over 16 fiber pair systems previously built by NEC. This development allows cable owners worldwide to construct subsea telecom cables capable of the highest traffic capacity, while optimizing the cost per bit of the wet plant.

NEC achieved this milestone with only minor modifications to its proven repeater and cable designs. This was done by optimizing key repeater components, and by proving that"...

January 15, 2020

Neustar®, Inc., a global information services company and leader in identity resolution, today announced the release of UltraThreat Feeds, a new service that provides its enterprise customers with access to real-time threat data to help them better identify cyber threats as they evolve. Designed by Neustar’s renowned security experts and leading academic researchers, the service – unique to Neustar – enables security and threat intelligence teams of all sizes to"...