عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

SAMI-AEC Signs Cooperation Agreement with NUPCO

SAMI-AEC Signs Cooperation Agreement with NUPCO
TT
TT

SAMI-AEC Signs Cooperation Agreement with NUPCO

SAMI-AEC Signs Cooperation Agreement with NUPCO

SAMI Advanced Electronics Company (SAMI-AEC), a wholly owned subsidiary of SAMI, said in a press release that it signed a cooperation agreement with the National Unified Purchasing Company (NUPCO), a PIF company, on May 27, 2024.
As per the agreement solutions will be provided for tracking medication, and IT infrastructure, and local content will increase through medical device manufacturing and maintenance, SPA reported.
The partnership, said the release, demonstrates SAMI-AEC’s unremitting efforts to build a harmonious healthcare system applicable in Saudi Arabia, based on digital technologies.
SAMI-AEC CEO Eng. Ziad Al-Musallam said: “We are pleased and honored to collaborate with NUPCO, as this agreement underscores the unwavering commitment of both entities to bolstering efforts aimed at enhancing the healthcare ecosystem in Saudi Arabia. At SAMI-AEC, we firmly believe in the significance of augmenting public health services through digital solutions and delivering e-health services. This involves integrating effective, fast technologies to empower the healthcare sector, in line with the objectives of Saudi Vision 2030."
NUPCO CEO Fahd Al-Shibl said the agreement will play an important role in strengthening the healthcare infrastructure and facilitating access to the integrated technology offered by SAMI-Advanced Electronics Company.

Most Viewed

 
 
Technology

Decision on Digital Pound over Two Years Away, Bank of England Says

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
TT
TT

Decision on Digital Pound over Two Years Away, Bank of England Says

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo
A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo

No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank of England said on Tuesday, pushing back the timeline for the project.

Former Prime Minister Rishi Sunak championed the idea of a digital currency in 2021 when he was finance minister, but the BoE and the current government have been more reluctant and a public consultation attracted widespread privacy concerns.

Governor Andrew Bailey said in October that a central bank digital currency was "not my preferred option" but might be needed if British banks did not ensure their payment systems were more attractive than those offered by less regulated tech companies, Reuters reported.

The BoE said on Tuesday it was starting work with Britain's finance ministry on a potential design for a digital currency, in line with plans in a previous consultation.

"After completing the design phase over the next couple of years, including taking account of developments in the wider payments landscape, the Bank and government will assess the policy case for a digital pound and determine whether or not to proceed," the BoE said.

In January 2024, the BoE said a decision on whether to go ahead with a digital currency would not be made before 2025 at the earliest.

Britain's government has said a digital pound would be private but not anonymous, unlike physical cash.

As with existing bank accounts and credit card payments, authorities would be able to track transactions they suspect involve money laundering or finance terrorism.

"This legislation would safeguard users' privacy, guaranteeing that neither the Bank nor the government could access users' personal information nor control how households and businesses use their money," the BoE said.