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Zawya
5 minutes ago
- Zawya
du empowers UAE enterprises with summer roaming offers to stay connected globally
Dubai, UAE: du, the leading telecom and digital services provider, today announced its Business Summer Roaming Offers, helping enterprise customers stay seamlessly connected during their international business travels. Valid until 31 August 2025, these offers are designed to support UAE businesses with reliable, cost-effective roaming solutions across key global destinations. Building on the success of last year's campaign, customers can now enjoy unlimited data while traveling this summer for only 350 AED/month. du's Business Summer Roaming offers will also include other flexible roaming bundles, high-speed data, and affordable international call and SMS rates, tailored to meet the needs of both government entities, large enterprises and SMEs. Karim Benkirane, Chief Commercial Officer at du, said: 'At du, we understand that business doesn't pause for summer. Our Business Summer Roaming Offers are designed to empower UAE enterprises with the connectivity they need to operate efficiently and confidently while abroad. Whether it's closing deals, managing teams, or staying in touch with clients, we're committed to enabling seamless communication wherever business takes them.' Customers will be able to activate the roaming plans easily through the du Business Portal, ensuring full control and transparency over their usage. The final offer details will be announced soon. In the meantime, enterprise customers can expect a continuation of the value and flexibility that made last year's plans a success. -End- About du du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fiber and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region.


Zawya
5 minutes ago
- Zawya
LG releases second-quarter 2025 financial results
Dubai — LG Electronics Inc. (LG) today announced consolidated revenue of USD 14.77 billion and operating profit of USD 455.1 million for the second quarter of 2025. Both revenue and operating profit declined year-over-year, primarily due to continued global market softness, increased tariff burdens driven by changes in U.S. trade policy, and intensified competition. Rising costs, including logistics expenses, also weighed on overall profitability compared to the same period last year. Despite these challenges, the Home Appliance Solution (HS), Vehicle Solution (VS) and Eco Solution (ES) Companies delivered strong performance, each posting year-over-year increases in both revenue and operating profit. All three Companies achieved their highest-ever second-quarter results. In particular, the VS Company recorded its best quarterly revenue and operating profit in history. Meanwhile, the Media Entertainment Solution (MS) Company reported an operating loss, primarily due to lower TV sales and increased marketing spend. However, its webOS platform-based advertising and content business continued to generate stable profits, increasingly contributing to the Company's overall performance. Building Stronger Foundation for Qualitative Growth LG continues to strengthen its business fundamentals by focusing on B2B segments such as vehicle components and HVAC systems, non-hardware businesses including subscription services and the webOS platform, and direct-to-consumer (D2C) operations via its online platform, In Q2 2025, B2B revenue – including vehicle, component and smart factory solutions, as well as HVAC – rose 3 percent year-over-year to USD 4.42 billion. Revenue from the home appliance subscription business increased 18 percent, reaching USD 448.7 million. These segments remain central to the company's ongoing portfolio transformation. The B2B business is less susceptible to demand volatility and benefits from strong entry barriers due to solution-based customer relationships. Non-hardware businesses offer recurring revenue and high margins, while the D2C channel enhances profitability and brand equity. Q2 2025 Results & Outlook by Company LG Home Appliance Solution (HS) Company The HS Company posted second-quarter revenue of USD 4.69 billion and operating profit of USD 313.2 million, achieving its highest-ever second-quarter performance. Despite soft consumer demand, tariff pressures and rising freight costs, the Company maintained strong global competitiveness. Its dual-track strategy – targeting both premium and mass-market segments – continued to drive solid results. The subscription model business continued its rapid expansion. Operational efficiencies and production optimization helped offset increased costs and support profitability. Looking ahead, market recovery is expected to remain gradual amid heightened competition. The Company will focus on expanding its subscription and D2C businesses and pursue additional cost improvements to help mitigate U.S. tariff impacts. While logistics cost pressures are projected to ease slightly compared to late 2024 and early 2025, the Company plans to carefully manage marketing expenditures to sustain or exceed last year's level of operating profit. LG Media Entertainment Solution (MS) Company The MS Company posted second-quarter revenue of USD 3.13 billion and an operating loss of USD 136.5 million, primarily due to softened demand leading to lower TV sales and increased marketing expenses in response. Going forward, the Company will focus on enhancing operational efficiency across all business segments. It plans to expand its presence in Global South markets such as India, where demand remains relatively strong. Continued growth is also expected in the webOS platform business, with new content offerings in areas such as gaming and digital art. LG Vehicle Solution (VS) Company The VS Company generated record second-quarter revenue of USD 2.03 billion and operating profit of USD 89.9 million – the highest in its history. Performance was supported by a robust order backlog and increased OEM vehicle sales, particularly in Europe. A strategic shift toward premium in-vehicle infotainment (IVI) systems significantly enhanced profitability, while operational efficiency improvements in electric vehicle components and lighting systems further bolstered results. Moving forward, the Company will focus on strengthening relationships with key customers and maintaining profitability through ongoing efficiency gains. LG Eco Solution (ES) Company The ES Company achieved second-quarter revenue of USD 1.88 billion and operating profit of USD 178.4 million, marking a record for second-quarter performance. This growth was driven by strong demand for residential air conditioners in Korea and continued expansion in the commercial and industrial HVAC segments. Higher sales volumes boosted operating leverage, leading to improved profitability. Looking ahead to the second half of the year, the Company aims to capture replacement demand for high-efficiency products while expanding its product portfolio to support long-term growth. It also plans to explore new opportunities in emerging sectors such as AI data centers by enhancing its commercial HVAC and industrial chiller capabilities – including systems for power generation – and scaling up its liquid-cooling solutions business. About LG Electronics, Inc. LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG's four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and Eco Solution – combined for global revenue of over KRW 88 trillion in 2024. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit for the latest news.


Zawya
5 minutes ago
- Zawya
MBRF secures Egypt's Media and Digital Transformation Foundation Award
The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) secured the 'Best Knowledge and Innovation-Supporting Institution in the Arab World' title for 2025 for its groundbreaking efforts to empower Arab generations with essential tools for knowledge and innovation, as well as to promote societies based on science, critical thinking, and creativity. The award was presented by Egypt's Media and Digital Transformation Foundation. This prestigious honor celebrates MBRF's long-standing legacy spanning over 25 years of promoting education and innovation. The Foundation has established several educational ecosystems fostering education, entrepreneurship, and research and development (R&D), as well as launching strategic initiatives that have significantly advanced knowledge creation and sharing in Arab communities. Through strategic initiatives and transformative programs, the Foundation has taken a leading role in shaping knowledge-based societies throughout the Arab world. H.E. Jamal bin Huwaireb, CEO of MBRF, said: 'We are honored to receive this distinguished award, which reaffirms our steadfast commitment to knowledge as the foundation of progress. It represents both a valued addition to our collection of accolades and validates our intellectual and knowledge-based mission. At MBRF, we believe that investing in people is the most powerful investment a nation can make. Guided by the vision of our wise leadership, we remain dedicated to serving as a beacon for Arab creativity, building knowledge-based societies, empowering individuals, and inspiring innovation across the region and beyond.' H.E. further commended the Media and Digital Transformation Foundation in Egypt for its influential role in promoting creative and digital media across the Arab world, fostering an innovative, technology-driven media landscape through its persistent efforts. He praised the Foundation's Media Creativity Competition as a crucial platform for discovering and supporting emerging talent, while celebrating the region's rich creative potential across various media sectors. With a growing portfolio of impactful initiatives, the Mohammed bin Rashid Al Maktoum Knowledge Foundation continues to drive a culture of learning, innovation, and sustainable development. Its efforts remain essential in laying the foundation for a thriving knowledge economy focused on empowering individuals, enhancing capacities, and creating supportive conditions for knowledge creation and sharing across the Arab world and internationally. -Ends- For further information, please contact: Orient Planet Group (OPG) Email: media@ Website: