Zubair Ahmed studied computer science in Pakistan and started his career in IT with Mashreq Bank in the UAE in 1992 where he participated in many key projects and held various responsibilities, he was also part of the team that developed the strategy which lead to the birth of Mindscape, a Mashreq Bank owned IT services firm that focused on deliver
Michaella started her career in IT in Belgium as a developer. After two years she was promoted to development manager for the Central Securities Deposit organization. Four years later, she moved to applications consultancy and worked with Oracle in Belgium for seven years as a senior consultant. In 2000 she relocated to Dubai and joined Tej
Mr Al Hamdany started his career as a manufacturing engineer after completing his master’s degree in engineering product design in the UK. After a number of years he moved to IT and completed a second master’s degree in information systems in the UK. Then he started working for IT companies like Logica and Sun Microsystems. Later on he had the
Mr Qarout started his career with Arab Bank as a programmer back in 1983. He participated in many projects within the bank including ATM systems and an end to end core banking deployments, he worked in several countries during his tenure with the bank.After leaving Arab Bank, Ghazi consulted for Al Hilal Bank on IT strategy and deployment. In ear
Faizal joined Mashreq bank as a programmer in 1994, he handled several assignments including taking care of the contact centre, card portfolio and CRM. In 2006 he joined Dubai Bank as a CIO reporting to the bank’s CEO. During that time the bank was undergoing a transformation from a conventional bank to an Islamic bank. Mr Eledath enjoys non-fi
A blockchain is a distributed data structure that makes it possible to create a digital ledger of transactions shared among a network of computers. It uses cryptography to allow each participant on the network to manipulate the ledger in a secure way without the need for a central authority. Once a block of data is recorded on the blockchain ledger, it’s extremely difficult to change or remove. When someone wants to add to it, participants in the network — all of which have copies of the existing blockchain — run algorithms to evaluate and verify the proposed transaction. If a majorit
According to the Financial Times, Ireland’s central bank is about to approve Facebook as an e-money institution, that will allow it to offer consumers the ability to store money and pay others. Facebook is also said to be considering partnerships with start-ups that offer international money transfer services online and via smartphones. But it is unclear whether people will trust Facebook to handle their money, given lingering concerns about data privacy and personal data mining by the social media network to boost advertising on the site.At a time when traditional banks are unpopular with m
When frustrated end users circumvent the IT department and start using SaaS applications without permission, IT pros complain about the plague they call "shadow IT.” But it seems that some IT professionals are also operating in the shadow according to a recent report entitled “The Hidden Truth behind Shadow IT,” which is the result of collaboration between Frost & Sullivan and McAfee. The survey asked 300 IT professionals and 300 line-of-business employees whether they used SaaS applications in their jobs without official approval. Eighty percent admitted they did, with only 19% of the b
Dell Inc. and private-equity firm Silver Lake will buy EMC for roughly $67 billion in cash and stock, marking the biggest technology-industry takeover ever.
Joe Tucci, EMC’s long-time Chief Executive, will be chairman and CEO of EMC until the transaction closes. Upon completion, Mr. Dell will lead the combined company as chairman and CEO.
VMware, in which EMC owns about 80%, will remain a publicly traded company. Some have speculated that Dell could sell part of the VMware stake it is acquiring, possibly to help fund the massive deal but apparently Dell intends to keep that structure intact. “Our mission and strategy remain unchanged,” VMware chief executive Pat Gelsinger said. He reiterated that VMware will remain a publicly traded company.
Oracle announced last week that it will acquire Micros Systems which builds technology for the hospitality and retail industries for $5.3 billion. Last week FORBES reported that many analysts saw the deal as a boon for both companies. This is the biggest acquisition Oracle has made since it closed Sun Microsystems for $7.4 billion in 2010 (which actually cost Oracle $5.6 billion after factoring in Sun's cash. With this deal, it actually cost $4.6 billion net of Micros’ cash according to Oracle)
In a note on the deal Summit Research Partners analysts Richard Williams and Srini Sundararajan wrote, “We think a deal could make sense from a number of perspectives. One aspect would be vertical expertise in parts of retail that are spending increasing amounts on IT infrastructure. Another would be to provide tighter integration between Oracle’s solutions and the software stack for hotel retailers.”
IBM said it has agreed to buy SoftLayer Technologies Inc., in a deal aimed at beefing up the technology giant's efforts in cloud computing and taking on Amazon.com more directly in that fast-growing arena.
IBM didn't disclose financial terms, but the deal for the privately held, Dallas-based company is worth around $2 billion according to sources familiar with the transaction.
The transaction is a large bet in a string of deals by IBM aimed at adapting to a market where clients increasingly prefer to rent computer space rather than take on the burden and expense of buying their own servers, networking gear and other technology. The trend is a challenge to IBM's traditional business model, which has made billions of dollars installing, maintaining and upgrading computer systems for clients.