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The IT factor in Saudi society
Arab News - 17 August, 2012 It is no surprise that in a survey of cell phone use in the Arab world, Saudi Arabia emerges as the most dedicated user, with the most competitive market. There are 53.7 million mobile users in the Kingdom, which means that many of us have more than one cell phone to our name.
Indeed, it is very likely that in terms of general information technology use, people in Saudi Arabia are the most technologically adept in the Arab world. A few years ago, the story was told of an old Jeddah shopkeeper who despite his advanced years, decided he needed to embrace the new technology to improve his business. His son got a call from the local computer shop, asking if his dad had really meant to order three computers for his little shop. So the son went to his father and asked how, since there was only him and an assistant in the shop, he thought he needed three separate computers.
The father, mystified by the question, replied that one computer would be for writing letters, the second would be for keeping details of the stock and the third would be for the accounts. It is hard to imagine such charming naivety today. Cell phones, the Internet — on mobile devices as well as computers, have transformed the way the Kingdom functions. At one end of the IT spectrum, oil field reservoirs and the equipment that installed on them are managed remotely and often have their own “artificial intelligence. Thus for instance, a pump will monitor its own performance and send a warning, when one of its parts is starting to wear out and needs replacing.
At the other end of the spectrum, we have the ubiquitous cell phones, ringing and being answered all the time, or being used to send text messages, even to someone sitting just across the table among a group of young men in a coffee house. Saudis are highly social people and the cell phone has added a remarkable new ingredient to the way they keep in touch with friends and family.
There is however a downside to the dominant role that IT now plays in our lives. For a start, anyone with a cell phone — and that means virtually all of us — is always contactable. Moments of peace and quiet are increasingly hard to find. And turning the cell phone off is not really the answer. Not only will people be either concerned that you are all right but, if they discover you cut yourself off deliberately, they are as like as not to think you rude. And besides, when you turn the cell phone back on again, you will be bleeped to be told you have a pile of voice mails or a load of new text messages will spring up on your screen.
And then there are the desktops and laptops and tablet computers. But virtually all IT requires two essentials; power and an Internet connection. If some awful disaster struck and there were a major power failure, it might also knock out the local cell phone infrastructure and take down servers on which the Internet relies. Where would we be then, without something that has become an integral part of our lives, which we take so much for granted?
This is a question that bothers analysts in many advanced countries, not simply Saudi Arabia. And the vulnerabilities do not end with IT infrastructure. A software trading program error two weeks ago, nearly brought about the bankruptcy of a major Wall Street stock dealer, costing its hundreds of millions of dollars in compensation for erroneous trades.
Risk managers around the world are still trying to work out how their businesses can survive and recover from catastrophic IT failures. What most perturbs them is that since data move so fast today, when systems fail, errors will occur just as quickly, with potentially massive costs.
No one would ever want to “un-invent” modern IT, because it has become a fact of life. However it surely pays everyone to think about the commercial and personal impacts of a breakdown in any or indeed, every part of the system. Have businesses with “mission-critical” systems got back-up servers in different locations, which could immediately take over if there is a local failure? And if the Internet is gone, and e-mail and texting with it, how many of us remembers how to write a legible and decent letter?
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| Source : Saudi Gazette |
| Date : 2013-05-19 |
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| Source : Saudi Gazette |
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| Source : Saudi Gazette |
| Date : 2013-05-19 |
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| Source : Arab News |
| Date : 2013-05-19 |
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| Source : Khaleej Times |
| Date : 2013-05-19 |
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| Tadawul index surges over 1.1% |
| Source : Arab News |
| Date : 2013-05-19 |
| It turned out to be largely positive for investors yesterday, as Saudi Arabia's benchmark stock index (TASI) recorded a handsome gain of 1.14 percent, which is the highest intra-day increase... |
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| IDB chief: Islamic banking not confined to Muslim communities |
| Source : Arab News |
| Date : 2013-05-19 |
| The global credit squeeze and recession have made many countries turn to the Islamic Development Bank more than ever to seek help in their development projects, says its President Ahmed... |
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| Tejar Dubai hosts inaugural event to support SMEs |
| Source : Arab News |
| Date : 2013-05-19 |
| Tejar Dubai's first event to support small and medium enterprises (SMEs) was held on Thursday, with the participation of local talents who exhibited their skills in different fields like graphic... |
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| KAEC sees huge influx of foreign investments |
| Source : Arab News |
| Date : 2013-05-19 |
| There is a huge influx of investments in business enterprises and industrial projects in the King Abdullah Economic City (KAEC), says a top official.... |
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| Haji Husein Alireza upbeat on SUV sales |
| Source : Arab News |
| Date : 2013-05-19 |
| Haji Husein Alireza & Co. Ltd. (HHA), sole distributor of Geely vehicles across the Kingdom, is all set to launch Geely’s SUV Emgrand X7 model into the Saudi market on... |
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| Iraqi merchants buying Iranian wheat at a higher price |
| Source : Tehran Times |
| Date : 2013-05-19 |
| On Saturday, a number of Iranian MPs criticized the government for buying wheat from farmers at a low price, saying it has encouraged Iraqi merchants to buy wheat from Iranian... |
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| GCC is 13th largest world economy |
| Source : Emirates 24/7 |
| Date : 2013-05-19 |
| Gulf hydrocarbon producers emerged as the 13th most powerful economy in the world in 2011 while strong oil prices allowed them to become the fifth largest exporter with the highest... |
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| Kuwaiti SMEs Fund capital must serve national economy |
| Source : Kuwait News Agency |
| Date : 2013-05-19 |
| The National Small and Medium-sized Enterprises (SMEs) Fund's capital of KD 2 billion remains an important part of public funds that must be used in feasible economic activities with the... |
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| Qatar banks record big asset gains |
| Source : Gulf Times |
| Date : 2013-05-19 |
| Benefitting from Qatar's large public spending programme on the back of higher energy prices and increased gas production, local banks have seen huge asset gains with a 20% compounded annual... |
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| UAE trade surplus to hit $ 90.7 billion |
| Source : Arab News |
| Date : 2013-05-19 |
| The UAE economy growth is expected to lower to 3.9 percent in 2012 after a solid 2011, when the GDP expanded 5.2 percent led by high oil prices and a... |
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| Euler Hermes sees 20% growth in GCC countries |
| Source : Khaleej Times |
| Date : 2013-05-18 |
| Euler Hermes, a market leader in credit insurance, will continue to invest in GCC countries and expects around 20 per cent growth in premium portfolio this year and next year,... |
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| Emirates sees 777X role beyond A350-1000 |
| Source : Khaleej Times |
| Date : 2013-05-18 |
| Emirates chief executive officer Tim Clark said there isn't much overlap between Boeing Co's new 777X and the Airbus SAS A350-1000 long-range jet, allowing him to accommodate both models in... |
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| Tourism campaign to promote Duqm |
| Source : Oman Daily Observer |
| Date : 2013-05-18 |
| The Ministry of Tourism represented by the tourism department in Al Wusta and Al Dakhiliyah governorates yesterday launched a tourism campaign in the Wilayat of Al Duqm under the title... |
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| Qatar buys 40% stake in Milan skyscraper project |
| Source : Gulf Today |
| Date : 2013-05-18 |
| Qatar's sovereign wealth fund has bought a 40 per cent stake in a new 290,000-square metre skyscraper project near the centre of Milan with a commercial value of... |
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| Gold loses shine on Fed speculation |
| Source : Gulf Today |
| Date : 2013-05-18 |
| Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the... |
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| Total 406 Results in 21
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