ITU Selects Saudi Arabia to Host Global Symposium for Regulators in 2025

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
TT

ITU Selects Saudi Arabia to Host Global Symposium for Regulators in 2025

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

The International Telecommunication Union (ITU) announced that Saudi Arabia, represented by the Communications, Space & Technology Commission (CST), has been selected to host the upcoming Global Symposium for Regulators (GSR) 2025 in Riyadh, as part of the symposium’s work in its edition of this year.

Since its inception more than 20 years ago, the symposium is a global event targeting decision and policy makers and regulators around the world.

The event is held annually and organized by the ITU in which it gathers a number of ministers and heads of national bodies regulating the communications and technology sector as well as sector leaders. It focuses on workers in the digital field from 193 countries, and discusses the most prominent challenges and solutions to issues of digital policies and regulations at the international level.

The selection of the Kingdom represented by the CST to host the event reflects the international community’s confidence in Saudi contributions in achieving the goals of the ITU and its pioneering role in the sector.



Intuitive Surgical Results Beat on Growing Demand for Surgical Robots

Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo
Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo
TT

Intuitive Surgical Results Beat on Growing Demand for Surgical Robots

Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo
Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo

Intuitive Surgical on Thursday beat estimates for second-quarter profit and revenue on growing demand for its surgical robots used in minimally invasive procedures, sending its shares up 6.7% after the bell.
Investor expectations around medical device makers have grown lately on hopes of elevated demand for surgical procedures as people, especially older adults, opt for medical procedures deferred during the pandemic, Reuters said.
On an adjusted basis, Intuitive earned $1.78 per share for the quarter ended June 30, beating analysts' estimates of $1.54 per share, according to LSEG data.
The company reported quarterly revenue of $2.01 billion, compared with analysts' estimates of $1.97 billion.
The rise in revenue was driven in part by growth in the procedure volume from the company's surgical robots called da Vinci. Worldwide da Vinci procedure volumes rose about 17%, from a year ago, the company said.
Industry bellwether Johnson & Johnson on Wednesday posted a 2.2% rise in second quarter sales at its medical technology business, but fell short of analysts' estimates.
Larger peer Abbott Laboratories also raised its annual profit forecast, helped by double-digit growth in sales of its glucose monitors and strong demand for heart devices.