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.



Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
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Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)

Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.

Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial-intelligence technologies.

Nvidia's stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK.

Nvidia's high-end processors are at the center of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centers and dominate the emerging technology.

Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips.

"Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note.

Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with market values above $3 trillion.

Microsoft is the second most valuable US company, with a market capitalization of $3.73 trillion. Its shares dipped 0.4% on Thursday.

Apple's stock has tumbled 15% so far in 2025, leaving its market value at $3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services.

Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.