STC net income for Q1 2018 increases by 2.1%

Nasser S. Alnasser, acting CEO of Saudi Telecom Company
Updated 26 April 2018
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STC net income for Q1 2018 increases by 2.1%

The Saudi Telecom Company (STC) has announced its preliminary financial results for the period ending March 31.

The revenue from services for the first quarter reached SR12.4 million — a decrease of 1.1 percent compared with the corresponding quarter last year. The gross profit for 1Q reached SR6.997 million — an increase of 1.05 percent.

The earnings before interest, taxes, zakat, depreciation and amortization (EBITDA) for the first quarter reached SR4,644 million — an increase of 2.1 percent compared with the corresponding quarter last year. Nasser S. Alnasser, acting CEO of STC, said the increase in net income by 2.1 percent for 1Q of 2018 was a result of the “continued comprehensive program to improve operational efficiency and cost-optimization initiatives.” 


PNU, Dell EMC certify first batch of female data scientists

Updated 18 August 2018
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PNU, Dell EMC certify first batch of female data scientists

Princess Nourah bint Abdulrahman University (PNU), the largest university for women in the world, has partnered with Dell EMC to train and certify Saudi Arabia’s first batch of female data scientists.

In line with Saudi Vision 2030 to promote a knowledge-based economy, PNU partners with national and international organizations to provide degrees and certificates for Saudi female students and graduates. 

The College of Computer and Information Sciences provides a number of certifications and technical training courses in its curriculum for three bachelor degrees — computer science, information systems and information technology. As a member of Dell EMC’s External Research and Academic Alliance Program, the college has successfully trained and certified 57 female data science and big data analytics students this semester with an additional 103 students certified in cloud infrastructure. 

The university also successfully introduced the VMware Install, Configure and Manage course as an elective training course for senior students. 

Auhood Alfaries, dean of College of Computer and Information Sciences, PNU, said: “Building a comprehensive curriculum to cover the essential knowledge area for the computing disciplines and to equip our students with the skills required for the future workplace is a priority for Princess Nourah bint Abdulrahman University. We are proud to be a leading university to actively promote the data-skilled taskforce in the Kingdom through the introduction of industry-relevant certifications and trainings. 

“We strive to continually evolve to contribute toward building a knowledge-based economy, in alignment with Saudi Vision 2030, through strategic academic partnerships such as the Dell EMC External Research and Academic Alliance program which plays a crucial role in effectively developing our students into tomorrow’s workforce.” 

A recent study by Dell Technologies titled “Realizing 2030: A Divided Vision of the Future” highlighted the lack of workforce readiness as the leading barrier in the Middle East to becoming a successful digital business in 2030, further emphasizing the need for skill development among existing employees and future generations. 

Mohammed Amin, senior vice president and regional manager, Middle East, Turkey and Africa, Dell EMC, said: “The unrelenting pace of digital transformation in the marketplace is creating new challenges for all of us where organizations as well as individuals are increasingly realizing that investing in workforce readiness and the development of new skills is key to future success and competitive differentiation. 

“We congratulate Princess Nourah bint Abdulrahman University on this wonderful achievement and look forward to continuing to work with them to advance the technical education of women in the region.”

Marwa Zaghow, senior manager, External Research and Academic Alliance, Europe, Middle East, and Africa, Dell EMC, said: “The Dell EMC External Research and Academic Alliance program collaborates with innovative colleges and universities like Princess Nourah bint Abdulrahman University to effectively contribute to the regional priority of developing IT skillsets among the youth and specifically women.”