Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

GACA and Oracle sign MoU to steer digital transformative initiative

The MoU will support GACA's digital transformation initiative.
  • The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh.
  • It also stipulates mutual coordination regarding cloud seminars, training and guidance, facilitating training.

Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap for digital acceleration using Oracle cloud services in GACA’s digital transformation initiative.

The memorandum was signed on the sidelines of the Global Tech Conference “LEAP” held in Riyadh. It includes cooperation in several technical areas and activities in relation to the roadmap for digital transformation of the cloud environment.

It also stipulates mutual coordination regarding cloud seminars, training and guidance, facilitating training and designating a focal point to implement a successful cooperation between the two parties.

Saudi media reports said the memorandum comes within the objectives of the civil aviation sector strategy in enhancing the scope of cooperation in the field of digital transformation, which GACA is keen on activating it with governmental and non-governmental bodies and institutions specializing in advanced technical fields in order to keep pace with the latest developments in technical fields, in line with transformative Saudi Vision 2030.