NEWS
KSA
Prince Sultan University in Saudi Joins
Red Hat Academy
The Prince Sultan University, based in Saudi Arabia,
has joined forces with Red Hat to provide graduates
with increased skills.
The university is collaborating with Red Hat, a
leading provider of open source solutions, to
create the King Salman Education for
Employment Programme.
The Red Hat Academy is an open source, web-
deployed and web-managed education programme
designed to provide turnkey curriculum materials to
academic institutions to start and sustain an open
source and Linux curriculum programme.
The King Salman Education for Employment
Programme at the university supports recent
college graduates who need more practical training
to compete in today’s job market.
Last month HRH Prince Faisal bin Bandar bin
Abdulaziz, Governor of Riyadh, laid the cornerstone
for the new King Salman Centre for Education for
Employment building at Prince Sultan University.
This centre is seen as an important national development project
that contributes to building a generation capable of achieving the
objectives of economic development in Saudi Arabia.
The Red Hat Academy turns academic institutions into centres for
enterprise-ready talent by supplying them with training.
For more than a decade, the academy has supplied high schools
and institutions of higher education worldwide that have required
hands-on instruction, performance-based testing, and instructor
support.
The academy’s web-based curriculum helps create competencies
through hands-on, performance-based learning and testing.
IDB Wins Banker Middle East Award for Digital
Transformation Using SAP Technology
The Islamic Development Bank
(IDB), a multilateral development
financial institution with 57 member
countries as shareholders, is now fully
delivering on its mandate to foster
socio-economic development among
its member countries, thanks largely
www.intelligentcio.com
to the recent transformation of its
core banking technology, using SAP.
IDB supports the growing Islamic
Finance, with a recent report by Dinar
Standard predicting global Islamic
banking assets will nearly double from
USD 2 trillion in 2015 to USD 3.5
trillion by 2025. Banker Middle East Industry Awards
2017. Judges praised IDB for having
recently launched USD 745 million
in development projects across 56
member countries in the Middle East,
Africa, Asia, and Europe, and aims to
become a world-class development
bank in the Muslim world by 2019.
From project finance in the public
and private sectors, to development
assistance for poverty alleviation, IDB’s
systems require absolute transparency
for more optimised project financing,
sustainable processes that foster
accountability, and enriched data
analytics for faster decision making. Ahmed Al-Faifi, Managing Director
of SAP Saudi Arabia, said: “IDB has
made a paradigm shift in the way that
it approaches banking. The bank has
gone from legacy systems to real-time
in only a few years of working with SAP,
and has saved tens of millions of Saudi
Riyals in the process. From analytics
technology and development banking
operations to finance and human
resources, IDB is now operating on par
with the world’s very best banks.”
Recognising IDB’s digital
transformation success, IDB has
won “Best Implementation” at the
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