KUALA LUMPUR, Sept 23 (Bernama) -- Global investors and business leaders discussed emerging investment opportunities in new economic sectors in the Middle East during a session organised by Investopia, the global investment platform, on Sept 13, during SALT New York 2022. “Investopia hosted a global talk in New York, after the talks it hosted in Mumbai, New Delhi, Rabat, and Geneva,” said Investopia Chief Executive Officer, Mohamed Naser Al Zaabi in a statement. “Investopia aims to drive global investments in new economic sectors, hence its session during SALT is very important as it engages with a diverse spectrum of global investors and policy makers looking for opportunities in new economies.” Meanwhile, the head of IFC’s office in the United Arab Emirates, Sufyan Al Issa said: “The Middle East is bursting with opportunities for investors in a range of industries, from tech to finance to renewable energy. IFC has been investing in the region for decades and we’ve seen firsthand the value that exists there.” The session was titled “Investing in the Middle East: Investment Strategies and Sectors of the Future”. The session discussed how the Middle East emerges as a stable region full of opportunities driven by its young and dynamic population, a strong focus on innovation and new economic sectors, and ambitious government projects and initiatives. It also discussed how global investors are going about investing in the Middle East, the key sectors to watch in the coming few years, as well as the role Investopia plays in creating global investment opportunities focused on new economies. -- BERNAMA
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KUALA LUMPUR, Sept 21 (Bernama) -- IDP Education has announced its intention to welcome Intake Education, a leading international education organisation, into its global team.
Culturally aligned, IDP and Intake are united by the quality support they provide international students, and the leading services they provide institution partners. Intake brings to IDP three decades of industry leadership in the UK-bound international education sector. Based across 10 countries and proudly student-first, Intake’s employees will bring additional expertise, experience and diversity to IDP’s global team of 5,000 employees. Murray Walton, Interim Chief Executive Officer, IDP, said that by welcoming Intake into its team, IDP would be positioned to help students across more locations access international education. “Together, a united IDP and Intake will become the clear global leader for students pursuing an overseas education,” he said in a statement. Walton noted IDP was drawn to Intake’s integrity and customer-centric values in what could be a noisy market. “Like IDP, Intake teams care deeply about getting great outcomes for their students and institution partners. We both proudly stay by our students’ sides from first enquiry through to starting in the classroom,” he said. Intake Chief Executive Officer Pieter Funnekotter said Intake would make IDP stronger. “In joining IDP’s team, Intake will help grow the international education sector and create a new standard for supporting students in achieving their global goals.” IDP will acquire Intake’s offices based across Nigeria, Ghana, Kenya, the Philippines, Thailand, Taiwan, India and the UK. The agreement is expected to be completed in November, and the transaction is subject to customary completion conditions. -- BERNAMA MUMBAI, India, Sept 23 (Bernama-BUSINESS WIRE) -- Speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures, Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, “In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger. Therefore today, the central bank needs to come up with a new form of money - a legal tender that excludes private currencies, as it doesn't act like a payment instrument.” GFF 2022 was organised and presented by the Department of Economic Affairs, Ministry of Finance, Government of India, Reserve Bank of India, International Financial Services Centres Authority (IFSCA), National Payments Council of India, the Payments Council of India (PCI) and the Fintech Convergence Council (FCC). It was held between September 20 and 22, 2022 at the Jio World Convention Centre in Mumbai. Pre-event festivities began virtually on September 19, 2022.
“Under the new architecture, tokenisation will enable both asset ownership and transfer of value to happen in real-time,” Mr. Mohanty added. Talking about the role of new technologies, Mr. Mohanty added, “The new form of money will lead to massive disintermediation whereby the connectivity between the central banks of different nations will not just bring down the cost of cross-border transfers but will also enable one to seamlessly use his local UPI anywhere in the world.” “We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailand’s PromPay, to facilitate seamless cross-border transfers. We are now planning to connect to India by end of this year, and also in Malaysia, which will bring about a significant drop in the cost of cross-border transfers,” he added. According to Mr. Mohanty, ‘wholesale CBDC’ will not just make cross-border transfers more efficient and cost-effective but will also address challenges pertaining to regulations, processes and compliances. Elaborating on the new design of retail CBDC, Mr. Mohanty said, “The biggest debate for the central bank is how to deal with this new form of money, which will rest on the four-pronged architecture of – cryptography, ledger, consensus protocol and distribution. The uncertainty really is not around cryptos or smart contracts but around the validation protocol and therefore if we get that right it will transform the entire sector. This is now gradually changing with Ethereum’s transition to ‘proof of stake’.” “Additionally, the new form of money instead of retail CBDC should be designed as ‘programmable money’ which can be programmed for specific use-cases just like in the case of Covid grants. The retail CBDC can be extremely efficient and cost-effective and can even avert the need of a UPI rail for money transfers. This space needs to be watched out for especially for low-value transfers,” he added. GFF 2022 is being supported by the Unique Identification Authority of India (UIDAI), National Investment Promotion & Facilitation Agency (Invest India), Startup India, Reserve Bank Innovation Hub (RBIH) and ONDC. Special Partners of GFF 2022 are World Bank Group, United Nations Capital Development Fund, BIS Innovation Hub, KNOMAD, Better Than Cash Alliance and International Finance Corporation (IFC). View source version on businesswire.com: https://www.businesswire.com/news/home/20220922005486/en/ Contact Anilkumar Yadav, Adfactors PR [email protected] Vidhi Manek, Adfactors PR [email protected] Source : Global Fintech Fest 2022 KUALA LUMPUR, Sept 21 (Bernama) -- Cloudflare Inc, the security, performance, and reliability company announced that both its Cloud Access Security Broker (CASB) and Data Loss Prevention (DLP) services are now generally available as part of Cloudflare’s Zero Trust platform.
“Legacy solutions often require clunky point solutions that slow networks and employees down,” said co-founder and chief executive officer of Cloudflare, Matthew Prince in a statement. “However, because Cloudflare’s CASB and DLP services are built directly into our Zero Trust platform and are part of our global network, we are able to not only protect critical data and applications but also accelerate network traffic as well.” Cloudflare CASB provides businesses visibility and control across their corporate SaaS applications to secure workplace tools, detect shadow IT, and control user access. Cloudflare DLP customers have increased protection and controls over data flowing across their network—detecting and preventing data exfiltration, scanning for Personally Identifiable Information (PII), and securing access to sensitive information. By combining Cloudflare CASB with the data controls provided by DLP, customers can easily achieve high levels of visibility across their entire organisation without the complexities of legacy solutions. With CASB and DLP part of Cloudflare’s Zero Trust platform, organisations can easily secure their applications, data, and employees against the modern threat landscape without the complex integration costs or disrupting employee productivity like many legacy systems. With Cloudflare’s API-driven CASB and DLP services available through Cloudflare One, organisations can now prevent data leaks, block insider threats, and avoid compliance violations; identify and stop exfiltration of data; and, automatically secure sensitive information, among others. More details at www.cloudflare.com. -- BERNAMA KUALA LUMPUR, Sept 22 (Bernama) -- Chunghwa Telecom has announced the successful deployment of the 5G Private Network for DELTA Electronics (Thailand) Bangpoo factory (Plant 1) this year. This follows the memorandum of understanding (MOU) for 5G private network collaboration by National Telecom (NT), The WhiteSpace (The WSP), and DELTA Electronics (Thailand) and Chunghwa Telecom in 2021. “Chunghwa Telecom has successful verified cross-industries practices in deploying 5G, AI, blockchain, and other technologies in Taiwan,” said President of Chunghwa Telecom, Shui-Yi Kuo in a statement. “Thanks to the central and local governments for their strong support that enables Chunghwa Telecom's 5G smart applications to expand rapidly around the world. Simarly, it is expected that with the support of the Thai government, our smart applications could also be successfully developed in Thailand. “This transnational cooperation with Thailand National Telecom and The WhiteSpace that realises a 5G+AIoT+ cloud smart factory solution for Delta is a pioneer and successful business project. “Chunghwa Telecom looks forward to more business opportunities in Southeast Asian market as Chunghwa always aims to provide smart solutions for personal life, cities or factories in all walks of life and even the governments.” Partnered with NT and The WSP, Chunghwa Telecom has successfully deployed the 5G private network, realising AR remote collaboration and enhancing its hybrid working environment for assembly training, operation assistance, and visual equipment control as part of its continuous digital transformation in the post-pandemic era. The company will soon be testing the intelligent application of AGVs in its factories under 5G network supported circumstance. It is expected that DELTA Electronics (Thailand) will gradually introduce the 5G enterprise private network as the communication infrastructure for these intelligent applications to its other factories in the near future. -- BERNAMA |
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