Corporate World

Advanced Electronics Company (AEC) a Riyadh based Saudi Economic Offset Program Company has signed a Memorandum of Agreement (MoA) with Honeywell the global technology company for collaborating on business development activities for smart and connected buildings, smart cities and critical infrastructure protection (CIP) in Saudi Arabia.  The MoA is signed during Saudi Arabian Smart Grid Conference (SASG 2018), being held at The Ritz Carlton, Jeddah.

Celebrating the holiday season, Al Futtaim Trading Enterprises, exclusive distributer of Volvo Cars in the UAE, has launched an exceptional end-of-year promotion on its 2018-2019 SUV line-up. Consumers can avail the exclusive offer on the SUV range (XC40, XC60 or XC90) until the end of the year 2018.

Siemens AG has awarded Accenture (NYSE: ACN) a five-year technology and services contract to run and maintain several of its digital managed services for data analytics and business intelligence.

With the launch of Etihad Airways passenger services to Barcelona, Etihad Cargo has expanded its cargo capacity into Spain, providing freight forwarders and cargo customers greater access to its global network along key trade routes connecting Europe to the Middle East, Africa and Asia over its Abu Dhabi hub.

Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced it has retained its position as a Leader in the Gartner 2018 Magic Quadrant for Enterprise Information Archiving.  This is the fourth year in a row that the independent industry analyst firm has recognized Mimecast as a Leader. The report provides a detailed overview of the enterprise information archiving market and evaluates and compares vendors based on their completeness of vision and ability to execute.