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STC Group, Microsoft Team Up for Corporate Digital Transformation Innovation across Saudi Arabia

A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia, February 6, 2018. (Reuters)
A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia, February 6, 2018. (Reuters)
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STC Group, Microsoft Team Up for Corporate Digital Transformation Innovation across Saudi Arabia

A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia, February 6, 2018. (Reuters)
A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia, February 6, 2018. (Reuters)

stc group, an engine of digital transformation, announced the expansion of its strategic partnership with Microsoft to further advance its digitalization and drive innovation across Saudi Arabia.

As part of the partnership, the organizations will jointly develop and deploy cutting-edge solutions that will transform and empower organizations across various industries, while enabling small businesses to grow and thrive in the digital economy, according to a press release by stc, SPA reported.

"Our strategic partnership with Microsoft marks a defining moment in the history of digital transformation for both stc group and the Kingdom of Saudi Arabia,” said stc group CEO Olayan Alwetaid.

“This collaboration isn't just about technology; it's about promoting a future where Saudi Arabia is at the forefront of global innovation, setting the standard for what's possible in the digital age. Together with Microsoft, we will work to bring the latest technologies to Saudi Arabia and help businesses of all sizes to embrace digital transformation, advance economic diversification, and create a more vibrant and prosperous future for our country.”

The collaboration between the organizations, the release said, aims to enable stc’s subsidiaries to explore new markets, develop disruptive business models, and bring innovative products and services to market. By jointly developing and deploying the latest advanced technologies, the partnership aims to support high-quality, safe, and secure digital experiences for businesses across the Kingdom.

The alliance will also serve as an innovation powerhouse, powering the transformation of industries from the Kingdom to the world.

“We are excited about this next phase in our journey with stc. Our aim is to empower businesses of all sizes and industries with tailored digital solutions that enable them to innovate and solve their unique challenges to drive equitable business growth.” Said President Microsoft EMEA Ralph Haupter.

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Honda Executive Resigns over 'Inappropriate Conduct'

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
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Honda Executive Resigns over 'Inappropriate Conduct'

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP
The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision" - AFP

Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said.

The incident occurred "during a social gathering outside of work hours", Honda said in a statement, without detailing the accusations made against Shinji Aoyama, who is also the company's director.

"It is deeply regrettable that an individual positioned as a leader in the management of the company, and who is expected to set an example for the respect of human rights... has become the subject of an allegation of conduct contrary to these principles," it said, AFP reported.

The firm's audit committee had investigated the incident and presented a disciplinary action plan to the board of directors, who were "scheduled to make a decision".

But Aoyama submitted his resignation letter before the board had made any move, the statement said.

"The Company's Board of Directors has determined that it is appropriate for Mr. Aoyama to resign from his position," it added.

Honda President Toshihiro Mibe will voluntarily return 20 percent of his monthly compensation for two months due to "the seriousness of this matter", the company said.

"The company sincerely apologizes for any discomfort caused by such conduct, and for the significant disturbance and concern it has caused to all stakeholders."