NEWS
are vital in today’s era. Our decision reflects the proactiveness of the Department of Finance to adopt initiatives that contribute to improving the quality and efficiency of work, in line with the vision and directives of the wise leadership of our emirate”. Ajman’s DoF has adopted an innovationbased strategy that focuses on positioning the emirate as a major contributor to the progress of the UAE. In 2019, the department has launched Ajman Pay, a smart digital payment platform designed to reinvent payment and government revenue collection in a fully secure and inventive manner. True to its commitment to adopting the latest advancements in technologies, Oracle Fusion Cloud Applications is its latest step towards
the embracement of the new technology. “In its digital transformation process, the Department of Finance places a high priority on cloud solutions to meet the accelerating work requirements and the evolving needs of government agencies in the emirate. We are confident that our adoption of Oracle cloud applications will enable us to bring modern innovations to the Ajman government and local authorities by accelerating business progress through innovative technologies,” said Abdul Ghaffar Al Khaja, Director of Accounts Department at Ajman’s Department of Finance. As one of the leading software companies in the world, Oracle will help improve Ajman DoF’s operational efficiency and customer engagement. “The Ajman Department of Finance is reinventing its operations as it tackles increasingly complex responsibilities and rapidly-changing performance expectations,” said Rahul Misra, Vice President of Business Applications, Gulf and South Africa, Oracle. “With innovations added every 90 days, Oracle Fusion Applications will help one of the UAE’s most digitally progressive local governments optimise their operations and better serve their staff and constituents.”
improve efficiency, transformation and grow their businesses. TCTx is one of the first Metaverse companies from Dubai, building the Digital Twin of the world. After securing the initial approval from the government, Dubai Digital, TCTx is creating the biggest Sustainable Smart City that will provide everything a business enterprise needs to perform in a virtual world in which users can interact with other users. TCTx aspires to become pioneers in digital transformation with immersive experiences in the future. They have partnered with a group of innovative individuals and entities who are exceptionally passionate about emerging Web 3.0 technologies offering a portfolio of a wide range of services everything a smart city needs such as a Home, Office, Building, Workspace, Sharing space, Hotels, Restaurants, Supermarkets, Hospitals, Fashion, Movies, Sports, Technology and Security. Today, companies developing
Metaverse are focused on building new innovations and features to enable users to interact with each other efficiently and effectively in the digital world. Shefiq Abdulla, Chief of Avatars, TCTx said, “We are excited to start our journey and bring our Telephony business to a new level in the Metaverse! As a leader in web 3.0 and Metaverse transition in the MENA, we empower businesses in the region towards their ultra-digitalization goals. We want to contribute to building Dubai as the most significant digital economy in the world. We want Dubai and UAE to be the Silicon Valley of MENA.” “We are very excited to announce our soft launch on 28th June on the birthday of Elon Musk, the biggest ambassador of decentralised technology, and the main launch on 15th July on the birthday of our leader, HH Sheikh Mohammed Bin Rashid Al Maktoum. Due to the rapid development of exceptional technologies all companies should be ready for the new digital revolution in web 3.0.”
AJMAN DEPARTMENT OF FINANCE LEVERAGES ORACLE CLOUD APPLICATIONS
A
jman’s Department of Finance (DoF) has partnered with Oracle to adopt a cloud-based resource management system that enables more efficient finance, supply chain and HR functions across the organisation. In line with Ajman’s vision of economic competitiveness, Ajman’s DoF’s migration to Oracle Fusion Cloud Applications– a suite of standards-based technology that enables businesses to streamline processes in a single platform – presents increased productivity, reduced costs, improved controls, optimised supply chain management and an enhanced HR function which will positively impact the employee experience. The upgrade is part of the emirate’s commitment to further improve operations and services and promote the digital transformation of the emirate using the latest smart applications. Ahmad Salem Madhani, Executive Director for Institutional Support at the Ajman Department of Finance, said, “The latest digital developments and technologies
TELEPHONY COMMUNICATIONS TECHNOLOGIES LAUNCHES TCTX
Shefiq Abdulla, TCTx
TCTx is the Metaverse arm of Telephony Communication Technologies, one of the early adopters of Web 3.0 technologies in MENA where customers will be able to access a wide range of solutions in Digital, Blockchain, FinTech, Xaas, ICT, Mobility, Telco, and Managed Services to 6
CXO INSIGHT ME
JUNE 2022
