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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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Total income rose by 12 percent in the same period.

Dubai South and Huawei ink deal

Huawei and Dubai South have signed a strategic partnership.
  • They will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.
  • The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has announced a strategic partnership with Huawei.

The new partnership entails the adoption of innovative digital technologies and solutions from Huawei to enable intelligent, connected and sustainable communications infrastructure, data management, transportation, operations, security and other related services at Dubai South, local media reports said.

The Memorandum of Understanding (MoU) was signed on the sidelines of Dubai Airshow by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation Corporation and Dubai South, and Jerry Liu, CEO of Huawei UAE.

To develop a dynamic smart transportation system, Dubai South plans to deploy a fully connected, high-bandwidth, low-latency private network for massive machine interactions built on Huawei technology, the reports said.

Dubai South will also tap into Huawei’s expertise by designing an advanced integrated operations center for centralized monitoring and control operations, traffic, security and other services.

The two organizations will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.

Furthermore, Dubai South and Huawei will consider potential collaboration on an AI-enabled platform for diverse stakeholders, such as aviation, logistics, education and training, leisure and hospitality and other sectors for operational purposes. The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.

Huawei is committed to supporting customers in the government, transport, real estate, education, healthcare and hospitality sectors to accelerate the digital transformation and reduce their overall IT spend, the reports said.