Saleem AlBlooshi, right, and Richard Liu at the signing ceremony between EITC and Huawei during the Mobile World Congress in Barcelona. Photo: Huawei
Saleem AlBlooshi, right, and Richard Liu at the signing ceremony between EITC and Huawei during the Mobile World Congress in Barcelona. Photo: Huawei
Saleem AlBlooshi, right, and Richard Liu at the signing ceremony between EITC and Huawei during the Mobile World Congress in Barcelona. Photo: Huawei
Saleem AlBlooshi, right, and Richard Liu at the signing ceremony between EITC and Huawei during the Mobile World Congress in Barcelona. Photo: Huawei

MWC 2022: du and Huawei sign agreement to develop mobile Edge services


Alvin R Cabral
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Emirates Integrated Telecommunications Company and China's Huawei Technologies have signed a preliminary agreement at the Mobile World Congress in Barcelona to develop multi-access edge computing (MEC) that will help the Dubai operator diversify its communications services.

The MWC is the annual trade show dedicated to the mobile industry and is organised by the GSMA Association.

EITC and Huawei — the world's biggest maker of network gear — will collaborate on research, verification and replication of MEC-oriented applications that will also spearhead digital transformation in the wider Middle East, the companies said in a joint statement on Tuesday.

"There are several values in the deployment [of MEC], as the core enabler for all our core competencies. However, the real value comes in the end-to-end services that we need to collaborate with and engage in the entities within our society and value-added services," Saleem AlBlooshi, chief technology officer of EITC, said at a press conference.

"To maximise our value, we have decided to embark on this journey [and] started our engagement with Huawei."

Edge computing in the telecom industry moves the computing of traffic and services from a centralised cloud to the edge of the network and closer to the customer, according to Juniper networks.

Instead of sending all data to a cloud for processing, the network edge analyses, processes and stores the data. Collecting and processing data closer to the customer reduces latency and brings real-time performance to high-bandwidth applications.

MEC can also be utilised at enterprise premises, such as inside factories, homes and vehicles. The infrastructure can be managed or hosted by communication service providers or other types of service providers.

The total addressable market for edge computing is projected grow at a compound annual rate of 49 per cent to $543 billion by 2030, according to telecom consultancy STL Partners.

A smartphone showcase at the Vodafone stand at the Mobile World Congress in Barcelona. The UK-based telecom operator is highlighting its eco solutions at the event.
A smartphone showcase at the Vodafone stand at the Mobile World Congress in Barcelona. The UK-based telecom operator is highlighting its eco solutions at the event.

MEC will deliver a number of benefits to du's customers, including localised decision making, streamlined devices and, particularly, boosting privacy, security and resilience, he added.

MEC can flexibly fit in various scenarios, integrate and simplify different platforms, increase cost-effectiveness and significantly reduce the time to perform tasks by days and up to weeks, said Richard Liu, president of Huawei's cloud core network product line.

The digital transformation of sectors is the "biggest catalyst" driving the demand for MECs, along with new use cases and network requirements, Pablo Iacopino, head of research and commercial content at GSMA Intelligence, said at the press conference.

Globally, nearly half of B2B enterprises across the most vertical sectors find Edge capabilities useful for their future Internet of Things deployment, according to the GSMA. Around 48 per cent of organisations in the utilities sector say Edge will be "very important".

Other key industries such as manufacturing (47 per cent), retail (47 per cent), the public sector (45 per cent), health care (44 per cent) and transport (44 per cent), are not far behind.

There are several values in the deployment [of MEC] as a telecom provider. However, the real value comes in the end-to-end services that we need to collaborate with and engage in the entities within our society and value-added services
Saleem AlBlooshi,
chief technology officer, EITC

Sectors such as sports venues, cloud gaming, immersive reality, e-sports, ultra-high definition broadcasting and smart tourism also have a huge interest in MEC.

By 2025, 5G, the present mobile communications standard, will be the "excessively used" access technology for MEC use cases at 100 per cent, followed by fixed Wi-Fi, which is expected to be "excessively" and "significantly" used at both 37 per cent, the GSMA said.

At present, the adoption of MEC by mobile operators is moving forward, with 6 per cent at the initial phase of commercial deployment, 21 per cent in the testing phase and 38 per cent in the planning phase. About 65 per cent of operators have plans to deploy MEC, with China leading the industry, Mr Iacopino said.

"Following industry-wide efforts to define MEC and the associated standards, MEC is increasingly being explored across various industry applications," he said.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
Updated: May 30, 2023, 8:17 AM