Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023

Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023
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Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023

Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023

Red Sea Global, the world’s most ambitious regenerative tourism developer, and Zain KSA, the leading digital services provider in the Kingdom of Saudi Arabia, received the "Best Green Technology" award for their zero-emission 5G network during the 17th edition of the "Telecom Review Leaders" Summit,’ held on December 6 and 7 in Dubai, SPA reported.

The accolade follows the unveiling of the world’s first 5G zero-emission network at the Six Senses Southern Dunes, the Red Sea resort.

"This prestigious accolade honors RSG’s new model of development, putting people and planet first, in line with the best environmental protection and restoration standards. The award also recognizes RSG’s role in setting new standards for building a sustainable tourism sector in Saudi Arabia. The decision to host Zain KSA’s world-first zero-emission 5G network is rooted in our belief in the importance of sustainability to not only preserve the environment but also enhance it for generations to come, in line with the goals of Saudi Vision 2030," said Group Head of Technology at RSG, Dr. Ahmad Al-Suhaili.
Zain KSA’s Marketing and Business Development Executive General Manager, Eng. Sultan Alhadlaq, said: "This award is a recognition of the real impact of our strategic partnership with RSG and our common goals of achieving environmental preservation and sustainability."

"Our goal at Zain KSA is to drive innovation and harness cutting-edge technologies for environmental sustainability and improving people’s quality of life. We have thankfully succeeded in developing a revolutionary 5G network operated entirely through clean energy, as well as purposely-built towers to achieve three main goals: preserving the environment, reducing emissions by utilizing renewable energy, and mitigating visual distortion," he added.

The first zero-emission 5G network worldwide operates entirely on clean energy harnessed from the RSG’s more than 760,000 solar panels. The towers have been built using state-of-the-art 3D printing technology, replacing traditional telco towers while providing high-speed connectivity covering the entire region.



Apple Shares Fall as Tariff Costs to Add More Agony

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo
FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo
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Apple Shares Fall as Tariff Costs to Add More Agony

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo
FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo

Apple shares fell nearly 3% on Friday after the iPhone maker trimmed its share buyback program and CEO Tim Cook warned of additional tariff-related costs of about $900 million this quarter amid a raging Sino-US trade war.
The Cupertino, California-based company that makes over 90% of its products in China said it plans to shift production of iPhones to India to minimize the impact of President Donald Trump's trade war.
"It looks like Apple is progressing faster than expected with its move to shift production of US phones into the region (India)," said Matt Britzman, senior equity analyst at Hargreaves Lansdown.
Analysts at Wedbush echoed this view, referring to India as Apple's "life raft supply chain" as the company navigates through tariff turbulence.
Cook outlined how Apple has started to build up a stockpile of products so that the majority of its devices sold in the US this quarter will not come from China.
“Tim Cook did his best to reassure investors on last night’s earnings call, but many likely came away still wanting more clarity about what lies beyond June," Matt said, adding that the $900 million hit to profit turned out to be smaller than many had feared.
Apple, which has been grappling with increased competition in key market China from rivals like Huawei due to slower rollouts of AI features, was already in troubled waters before the tariffs hit.
"The question for investors is what can replace China for Apple? This is not an easy question to answer and could threaten the long-term trajectory of Apple’s growth plan," said Kathleen Brooks, research director at XTB.
Despite electronics being exempted from US.President Donald Trump's slew of import tariffs so far, Washington has signaled that some levies could be imposed in the coming weeks.
Big Tech peers Alphabet, Microsoft and Meta Platforms beat quarterly estimates aided by artificial intelligence, while Amazon.com's cloud revenue growth fell short of revenue expectations.
These results were in stark contrast to dour forecasts from consumer electronics companies that are more exposed to tightening consumer budgets - chipmakers Qualcomm, Samsung Electronics, and Intel.
Apple shares lost about 15% so far this year. That compares with a 2.3% fall in Meta, and a nearly 1% rise in Microsoft.
Apple's 12-month forward price-to-earnings ratio is 27.63, compared with Microsoft's 28.64 and Meta's 21.48.