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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Mawani, Tabadul to develop port community management systems

In 2023, 28 new cargo services were added in collaboration with leading shipping liners. (Mawani)
  • The MoU aims to achieve the expansion of services provided in Saudi ports and doubling their number from 46 to 150 besides.
  • It also aims at enabling modern and emerging technologies in accordance with international best practices.

Riyadh, Saudi Arabia—Saudi Ports Authority (Mawani) and the Saudi Information Exchange Company (Tabadul) signed an MoU to develop new port community management systems.

The MoU aims to achieve the expansion of services provided in Saudi ports and doubling their number from 46 to 150 besides.

It also aims at enabling modern and emerging technologies in accordance with international best practices, especially geographical border technologies and Internet of Things technologies, as well as providing safe, fast and advanced services to beneficiaries in the fields of payment and billing using the latest fintech applications.

The memorandum includes re-engineering procedures and processes in Saudi ports, confirming their compatibility with international standards, and enhancing their connection to the global port network.

This comes within the framework of the smart ports initiative launched by the authority to implement modern and advanced automation techniques, SPA reported.