Fintech PR

Huawei Launches the All-New CloudEngine S-Series Campus Switches and Solutions

Published

5 years ago

July 1, 2019

Reading Time: 3 minutes

Huawei announced a major leap in campus networking by unveiling 16 new models of CloudEngine S-series access, aggregation, and core switches. Of these releases, CloudEngine S12700E, a brand-new campus core switch, uses the Solar chipsets to increase switching capacity to a record high of 57.6 Tbit/s. The feature-rich CloudEngine S12700E is an integral part of Huawei’s end-to-end offerings that are tailored for the Wi-Fi 6 era. Additionally, with upgraded network automation and AI-powered intelligent O&M capabilities, Huawei’s CloudCampus Solution will vastly increase service rollout efficiency and help enterprises of all sizes to quickly build service-centric campus networks.

Kitty Fok, Managing Director of International Data Corporation (IDC) China, said in her keynote speech: “Digital transformation has entered a new phase. IDC predicts that by 2020, approximately 55 percent of enterprises will have ‘digital decision-making’ capabilities to achieve insights, intelligence, autonomy, and collaboration at scale.” In this kind of digital enterprise, the network will be ubiquitous and as available as the air we breathe, with management simpler than ever before.

“Campus networks, which serve as the foundation for constructing a future-proof digital platform for enterprises, are shifting their focus from data connectivity to service connectivity. As such, building intent-driven campus networks are at the top of our agenda,” said Zhao Zhipeng, President of the Campus Network Domain, Huawei’s Data Communication Product Line. “In the Wi-Fi 6 era, campus networks should take on new characteristics, including ultra-large capacity, 10-millisecond ultra-low latency, zero-configuration service rollout, and self-healing from network faults. Campus networks should also use an open architecture, facilitating smooth evolution from traditional campus networks to networks that are intelligent and simplified.”

Huawei’s Next-Generation CloudEngine S-Series Campus Switch Portfolio

The newest CloudEngine campus switches are available in 16 models: CloudEngine S5700 series (intelligent GE access switches), CloudEngine S6700 series (10GE routing aggregation switches), and CloudEngine S12700E series (innovative core switches with the highest performance in the industry). As verified by Tolly Group, CloudEngine S12700E delivers six times the switching capacity of the industry average and features the largest single-slot bandwidth, highest 100GE port density, and largest switching capacity among all comparable products. Huawei CloudEngine S-series is also the first of its kind with an optimal mix of wired and wireless convergence capabilities, a threat deception engine, and telemetry support.

Intelligent and Simplified Campus Network Centered on Service Connectivity

A service-centric network should provide not only ultra-broadband connectivity, but also offer highly automated management and intelligent O&M to accelerate service rollouts while ensuring high service quality and experience in real time.

Automated management: With the extensive use of mobile office and cloud applications, network policy management is becoming more complex than ever. In response, Huawei CloudCampus Solution provides a one-stop network management center that automates network planning, deployment, policy, and monitoring across WLAN, LAN, and WAN through Graphical User Interfaces (GUIs), without the need for traditional Command Line Interfaces (CLIs). As a result, network management efficiency can be improved by more than 80 percent.
Intelligent O&M: Faults can be accurately and quickly rectified only when users’ network experiences can be quantitatively measured. That’s why Huawei has upgraded its Machine Learning (ML)- and AI-powered intelligent O&M system. This new system provides quantitative experience evaluation, root cause analysis, and intelligent fault prediction, enabling network faults to be located and resolved in minutes.
All-layer openness: In addition to such compelling network automation and intelligence features, Huawei CloudCampus Solution is designed with all-layer openness to simplify the upgrade and evolution of enterprise networks. Currently, Huawei has verified successful multi-vendor interoperability with more than 800 models of network devices from mainstream vendors worldwide; cooperated closely with over 40 partners in network management, authentication, security, and other fields; and developed joint solutions with more than 30 business partners around the world. Huawei has also built 26 Joint Validation Labs (JVLs) globally that enable quicker and smoother rollout of services through joint solution verification.

Huawei is a leading global technology and solution provider in the campus network field and provides services to customers in 150 countries and regions worldwide. According to IDC, Huawei has maintained the top spot in China’scampus switch market for four consecutive years and has ranked second in the global campus switch market for the third year in a row. Huawei campus network offerings have helped customers in education, finance, government, large enterprise, healthcare, manufacturing, and other sectors to achieve their digital transformation goals.

SOURCE Huawei

Fintech PR

Launch of Al Faisal Al Baladi Holding

Published

58 minutes ago

November 16, 2024

CISION (PR Newswire)

A strategic partnership between two of the largest Qatari companies to add value to the local and regional market, enhancing food security and innovation in several key sectors.

DOHA, Qatar, Nov. 16, 2024 /PRNewswire/ — Senyar Trading & Distribution Company and Al Baladi Holding have announced the launch of their strategic partnership under the name of ‘Al Faisal Al Baladi Holding’. The launch ceremony was attended by Sheikh Faisal bin Qassim Al Thani, Chairman of Al Faisal Holding, and Mr. Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding. This partnership aims to provide added value to the Qatari and regional markets, and to enhance the role of Qatari companies in supporting and developing the local economy in line with Qatar National Vision 2030.

Within this partnership, a strong economic icon was established under the name ‘Al Faisal Al Baladi Holding Group’, capable of implementing huge projects across the MENA region in a number of different vital sectors, especially livestock and agricultural production projects, which contributes to supporting food security and enhancing livestock in a sustainable manner. In addition, the retail sector constitutes a significant part of the Company’s activities.

Al Faisal Al Baladi Holding Group Holding includes Al Faisal Al Baladi Holding LLC, based in Qatar, Al Faisal Al Baladi Group for Malls Management and Operations, based in Egypt, and Al Faisal Al Baladi Holding, based in the Sultanate of Oman. As well as livestock and agricultural production, these companies will operate in several diverse sectors including distribution and wholesale, manufacturing, hospitality and hotels, restaurants, food and beverages, with the retail sector also constituting a significant area of focus. Through these activities, they will seek to meet the growing demand for innovative products and solutions, while supporting sustainable economic development in Qatar and the region.

Commenting on this announcement, Sheikh Faisal Bin Qassim Al Thani, Chairman of Al Faisal Holding, stated: “I am pleased to witness the formation of this strategic partnership that represents the development of the private sector in Qatar and enhances its ability to compete through cooperations built on solid foundations. This partnership is a realization of Qatar Vision 2030 of empowering the private sector and enhancing its contribution to the local economy. I wish both parties success in this promising partnership.”

Mr Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding and Chairman of Al Faisal Al Baladi, said: “We are delighted with this cooperation which opens new horizons for growth and expansion. Al Baladi Holding has achieved remarkable successes in recent years, and this partnership comes to underpin our position in the market and expand the scope of our activities. We hope that Al Faisal Al Baladi Holding will contribute to the development of successful and innovative projects that will be a source of pride for everyone.”

Sheikh Mohammed bin Faisal Al Thani, Vice Chairman of Al Faisal Al Baladi Holding, added: “We share common goals, integrated resources, and expertise with Al Baladi Holding. Through this partnership, we will achieve integration and synergy in diverse businesses to maximize value for all parties, including consumers and investors, which will benefit all stakeholders and contribute to achieving a positive impact across every level.”

Mr. Abdullah Mohammed Al Attiyah, Vice Chairman of Al Baladi Holding, said: “Undoubtedly, the stability of the Qatari economy, the diversity of investment opportunities, and the positive business environment, have all contributed to Al Baladi Holding’s market leading position. We look forward to this partnership with confidence in its promise to help build a bright future”

Mr. Tarek Mahmoud Al Sayed, Board Member of Al Faisal Al Baladi Holding, added: “Food security projects hold special importance, especially in their comprehensive and sustainable concept, which constitute an essential part of our future strategy. We seek to play a pivotal role in the region through livestock and agricultural production projects, as we currently own a number of livestock and agricultural production companies in Qatar and Oman, and we plan to expand and launch new projects in a number of countries in the region and North Africa. This will support Al Faisal Al Baladi in becoming a leading company in achieving food security at the regional level.”

Mr Hany Al Sayyadi, CEO and Board Member of Al Faisal Al Baladi Holding, concluded by saying: “This partnership strengthens our diversified investment portfolio and facilitates the expansions of our presence in regional and global markets. Our vision is to achieve a strong presence in the Middle East region, by focusing on innovation and quality in all our sectors. This partnership is a natural extension of the vision of both companies to enhance economic integration and contribute to driving development in Qatar and the region.”

Al Faisal Al Baladi plans to expand its business activities in regional and global markets, by utilizing the diverse investment opportunities represented by the manufacturing, hospitality and retail sectors. The Group’s current portfolio includes more than 30 leading companies in their fields, including Al Baladi and Al Baladi Express Markets, Al Wajba Dairy and Juice Factory, City Limousine Company, in addition to a number of restaurants and companies in the food sector, and many others.

Photo: https://mma.prnewswire.com/media/2558072/Al_Baladi_Holding_Group.jpg
Photo: https://mma.prnewswire.com/media/2558073/Al_Baladi_Holding_Group_1.jpg

Chairman of Al Faisal Holding Sheikh Faisal bin Qassim Al Thani, and Chairman of Al Baladi Holding Mohammed Abdullah Al Attiyah along with other officials during the launch of Al Faisal Al Baladi Holding

View original content:https://www.prnewswire.co.uk/news-releases/launch-of-al-faisal-al-baladi-holding-302305819.html

Fintech PR

Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million

Published

7 hours ago

November 16, 2024

CISION (PR Newswire)

Revenue grew by 23.8% compared to previous year
Gross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23
Adjusted EBITDA rose 29.5% to SAR 210.2 million

JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.

Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.

The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.

Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.

SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.

Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:

“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.

Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.

We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.

Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”

View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html

Fintech PR

Bybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards

Published

23 hours ago

November 15, 2024

CISION (PR Newswire)

bybit-crypto-titans:-november-arena-boasts-55,000-usdt-in-rewards

DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.

From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.

Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).

More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.

“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.

Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.

Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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