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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.

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.

Saad Toma new GM of IBM Middle East and Africa

    • Toma brings deep industry, services and technology expertise and over 30 years of experience at IBM working across multiple geographies

    • Toma previously led IBM’s Global Technology Services (GTS) business in MEA from 2011 until 2016

    IBM has announced Friday that it has appointed Saad Toma as General Manager of IBM Middle East and Africa (MEA). Toma succeeds Takreem El-Tohamy, who has been appointed General Manager, Global Strategic Sales.

    Toma brings deep industry, services and technology expertise and over 30 years of experience at IBM working across multiple geographies. He will be responsible for IBM’s overall business operations across Middle East, Africa and Turkey, driving business growth and client satisfaction.

    “Saad is a highly respected leader with a reputation for developing high-performing teams and being a true partner to our clients, helping them with their transformation journeys,” said Marta Martinez Alonso, General Manager, IBM Europe, Middle East and Africa. “I would like to thank Takreem for his role in driving IBM’s business and footprint in Middle East and Africa over the past decade and wish him success in his new role.”

    Toma previously led IBM’s Global Technology Services (GTS) business in MEA from 2011 until 2016.

    “We are at a pivotal point in shaping the future of our industry. Technology adoption is not only vital to a successful, more competitive business but a key driver to economic development and growth,” said Toma. “I am privileged to lead IBM Middle East and Africa and, together with my colleagues, work with governments and clients across the region to help them leverage IBM’s hybrid cloud and AI solutions, services and our ecosystem partners to transform and drive innovation.”