Smart Cleaning for Smart Families: How LG Vacuums Help Gulf Parents Prepare for Back-to-School Season While Saving on Energy Bills
As Gulf parents prepare for the back-to-school season, LG's CordZero vacuum cleaners are the ultimate cleaning companions. With their advanced features, ergonomic designs, and powerful performance, these vacuums help families maintain a clean and organized home while saving time and effort.
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Al Bawaba
a day ago
- Al Bawaba
JAECOO J5 Makes Stylish UAE Debut at Dubai Launch Event
Following its spectacular regional debut in Riyadh, OMODA&JAECOO brought the excitement to the UAE with the official launch of its all-new light off-road SUV, the JAECOO J5, at an exclusive event held on August 14 at the JAECOO showroom in Dubai launch marked the next milestone in JAECOO's coordinated Middle East rollout, which spans Saudi Arabia, Kuwait, Qatar, and the UAE. Under the brand's 'GO DISCOVER' theme, the JAECOO J5 captivated guests with its unique blend of urban sophistication and weekend adventure capability — merging advanced technology, refined design, and light off-road performance in one stylish launch event welcomed UAE media, partners, and customers, offering them a first-hand look at the UAE-customized edition of the JAECOO J5. Attendees enjoyed an immersive product showcase, entertainment, and interactive displays highlighting the model's cutting-edge features — including a 540° panoramic camera, independent suspension system, three intelligent ARDIS driving modes, and lifestyle-focused additions like Karaoke Mode and a rooftop camping to the celebration was AiMOGA, OMODA & JAECOO's groundbreaking humanoid robot, which entertained guests with a lively dance performance. More than just a showstopper, AiMOGA represents the brand's forward-thinking approach to merging mobility with AI and robotics. Integrating next-generation automotive intelligence with advanced service capabilities, the robot embodies the same spirit of innovation that drives the JAECOO J5's intelligent Retail Offers for the UAEThe JAECOO J5 is now available in three trim levels, starting from AED64,900. Customers can enjoy competitive launch offers including free registration, free insurance, complimentary service packages, an extended engine warranty of 10 years or 1 million kilometres, and tinting. A zero per cent interest plan for three years with zero down payment is also available, subject to financing Riyadh to Dubai: A Regional Success StoryThe JAECOO J5's Middle East journey began on August 9 at 'JAECOO DAY' in Riyadh, featuring a surprise appearance by regional brand ambassador Bader Alshuaibi. The event also showcased the JAECOO J8 and introduced the brand's Super Hybrid System (SHS) — an advanced powertrain that will play a key role in JAECOO's regional NEV strategy, delivering greater fuel efficiency and lower emissions. Coming Soon to the UAE: J7 SHS (Super Hybrid System) OMODA&JAECOO is set to transform the hybrid vehicle market in the UAE with the highly anticipated arrival of the JAECOO J7 SHS (Super Hybrid System). Designed to meet the evolving needs of the modern driver, the JAECOO J7 SHS (Super Hybrid System) delivers a seamless blend of electrified performance, ultra-long range, intelligent safety, and premium design — all without ever requiring charging. UAE motorists can look forward to seeing the JAECOO J7 SHS (Super Hybrid System) hit the roads Forward in the UAEBacked by over 5 million global exports and recognition in the 2025 Fortune Global 500, JAECOO is setting its sights on becoming a leading player in the intelligent SUV segment in the Middle East. 'With the JAECOO J5, we are offering UAE drivers a compelling mix of style, smart technology, and adaptable performance — all backed by value-packed offers that make ownership more rewarding,' said Shawn Xu, CEO of OMODA & JAECOO Automobile International. 'The Dubai launch was the perfect introduction to what JAECOO stands for in this market.' © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
2 days ago
- Al Bawaba
Lenovo Group: First Quarter Financial Results 2025/26
Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries ('the Group'), today announced strong first quarter results for the fiscal year 2025/26, reporting significant growth in overall group revenue and profit. Revenue grew 22% year-on-year to US$18.8 billion, with net income up 108% year-on-year to US$505 million. On a non-Hong Kong Financial Reporting Standards (non-HKFRS[1]) basis, net income grew by 22% year-on-year to US$389 million, adjusted for non-cash fair value gain on warrants[2].All main business groups saw solid double-digit year-on-year revenue growth, with the PC business reporting particularly strong numbers following the highest year-on-year revenue growth rate in 15 consecutive quarters and an all-time high market share of 24.6%. The Group's diversified growth engines continue to grow, with non-PC revenue mix up nearly half a point year-on-year to 47%. All sales geographies delivered high to relatively high year-on-year revenue growth. The strong results reinforce Lenovo's ability and commitment to preserve competitiveness, maintain market share, and sustain profitability against the challenging external main strategic factors drove the results. First, the Group's firm execution of its hybrid AI vision sees it capitalizing on unprecedented AI opportunities. Second, a commitment to continuous investment in innovation, which saw R&D spending increase over 10% year-on-year, supporting the Group's progress towards long-term goals of building personal and enterprise AI twins. And third, its operational excellence, including a unique ODM+ manufacturing model, a balanced global sales footprint, and a 'Global/Local' model that combines global sourcing and resources with local combination of these factors gives the Group maximum flexibility and resilience to navigate through market cycles and geopolitical uncertainties. Looking ahead, Lenovo remains committed to delivering more breakthrough innovations for customers, generating higher returns for its shareholders, and creating lasting value for its stakeholders and communities around the and CEO quote – Yuanqing Yang: 'By leveraging the resilience and flexibility of our supply chain and operational excellence, we overcame challenges brought by tariff volatility and the geopolitical landscape and achieved significant growth in both top and bottom lines. These record Q1 results underscore our ability to deliver on our promise to preserve competitiveness and continuously grow our business. Looking ahead, we will continue to firmly execute our hybrid AI strategy towards the vision of Smarter AI for all, relentlessly drive innovation in personal AI and enterprise AI products and solutions and consistently strengthen our operational competitiveness so that we can realize sustainable growth and profitability improvement.'Lenovo management encourages investors, analysts, and the public to focus on its non-HKFRS measures, which exclude the impact of non-cash items related to warrants and convertible bonds as part of Lenovo's strategic collaboration with Alat. Non-HKFRS offers a clearer view of the Group's core operational performance, as the non-cash items related to warrants and notional interest on convertible bonds are expected to persist through the end of fiscal year 2027/ Devices Group (IDG): Strong growth across the board, leading in personal AIQ1 FY25/26 performance:• Overall IDG revenue grew nearly 18% year-on-year to US$13.5 billion, with the PCs and smart devices business delivering 19% year-on-year revenue growth, the fastest pace in 15 quarters. All geographies achieved double-digit year-on-year revenue growth in PCs and smart devices.• The PCs and smart devices business maintained its industry-leading profitability with an operating profit of more than 8% thanks to a strong performance from high-margin segments.• PC market leadership was further reinforced with a record 24.6% market share, together with an increased lead over the number two player.• AI PC penetration accelerated, accounting for more than 30% of all Lenovo PC shipments. Lenovo ranks #1 globally in the Windows AI PC segment with a 31% market share.• Smartphone revenue grew over 14% year-on-year to US$2.2 billion, with sales volume outgrowing the market for eight consecutive quarters. In markets outside of China, smartphone market share reached a record high, with the success of the Razr phone seeing Motorola take the #1 position in foldables (flip and fold) with over 50% market share.• Looking ahead, IDG will continue to build agent-native devices of various forms, while enriching the application ecosystem for AI super agent to boost agent user engagement. This will drive toward 'One AI, Multiple Devices', positioning agent-native devices as the entry point for Personal Solutions Group (ISG): Sustained high growth, building long-term competitivenessQ1 FY25/26 performance:• ISG delivered strong revenue growth of up 36% year-on-year to US$4.3 billion through a strong execution of its CSP (Cloud Service Provider) and E/SMB (Enterprise and SMB) dual strategy.• Increasing investments in AI infrastructure and R&D, as well as enhancing E/SMB competitiveness, even as profitability was impacted in the short-term.• The AI infrastructure business revenue more than doubled year-on-year with a robust pipeline and a clear product roadmap ahead. Revenue from industry-leading liquid cooling solutions grew 30% year-on-year.• Looking ahead, ISG is committed to investing in driving long-term growth and value through strategic market expansion, E/SMB business model transformation, AI infrastructure innovation and product development, to stay ahead of the AI curve and provide differentiated global competitiveness. The Group is confident that ISG will not only sustain mid-to-long-term growth, but also deliver stronger profitability and Services Group (SSG): High growth and high profitability, unleashing Lenovo hybrid AI AdvantageQ1 FY25/26 performance:• SSG delivered another record quarter of revenue, up 20% year-on-year to US$2.3 billion – marking 17 consecutive quarters of year-on-year revenue growth.• Operating margin was up 1.2 points year-on-year to over 22% - making SSG the key profit engine for the Group overall, thanks to its sustainable margin expansion.• Support Services achieved double-digit year-on-year revenue growth by leveraging strong market demand for hardware and focusing on attaching premium services, e.g., Premium Care and Premier Support Plus.• Managed services, and 'as-a-Service' offerings, along with Projects and Solutions grew even faster with TruScale Infrastructure-as-a-service delivering triple-digit growth year-on-year in signings, and TruScale Device-as-a-service seeing double-digit growth for the quarter. Their combined mix increasing three points year-on-year to 58% of SSG's total revenue.• AI-driven solutions have gained momentum, especially in manufacturing and supply chain sectors.• Looking ahead, Lenovo will further build the Lenovo Hybrid AI Advantage framework as its key differentiator and will focus on Digital Workplace Solutions, Hybrid Cloud, and Sustainability solutions, while at the same time building simple and scalable AI-led vertical solutions to solve customers' most significant and ESG highlightsLenovo published its FY2024/25 Environmental, Social and Governance Report in June 2025, key highlights included:• Detailed progress towards the Group's 2030 emissions reduction targets, including reaffirming its long-term ambition to achieve net-zero greenhouse gas emissions by 2050.• Environmental progress through participation in the circular economy, including the continuous use of closed-loop recycled materials in its products as well as sustainability services for customers.• The Group's sustainability performance was recognized by 3rd parties such as EcoVadis (Platinum Medal), MSCI ESG Ratings (AAA), and CDP (A list in climate, water security and supplier engagement). The Group's governance and reporting was additionally recognized with a Gold Award from the Hong Kong Institute of Certified Public Accountants (HKICPA) for Best Corporate Governance and was recently ranked #8 in Gartner's Top 25 Global Supply Chain, with an ESG Score of 9/10. The ranking recognizes excellence in supply chain operations among global leaders across various industries, including pharmaceutical, automotive, FMCG, and technology. The prestigious Gartner ranking highlights companies that consistently demonstrate leadership in supply chain strategy and July 2025 Lenovo climbed 52 spots on the Fortune Global 500 list. This achievement marks Lenovo's 16th year on the Global 500, highlighting it as one of the world's 500 largest companies by revenue, with its highest ranking in the Technology sector to date – placing 13th among the global technology industry.[1] Non-HKFRS measure was adjusted by excluding net fair value changes on financial assets at fair value through profit or loss, amortization of intangible assets resulting from mergers and acquisitions, gain on deemed disposal of a subsidiary, impairment and write-off of intangible assets, property, plant and equipment and construction-in-progress, fair value change on derivative financial liabilities relating to warrants, and notional interest of convertible bonds; and the corresponding income tax effects, if any. [2] Effects of warrant obligations will fluctuate positively or negatively in the coming quarters (through the end of FY27/28), primarily based on share price movements in the quarter. Lenovo encourages the market to focus on its underlying operational performance as reflected by non-HKFRS reporting.
Al Bawaba
2 days ago
- Al Bawaba
Network International expands portfolio with Absa Bank
Network International (Network) ( a leading enabler of digital commerce in the Middle East and Africa, has been chosen by Absa Business Banking, one of Africa's leading business banks, as its digital payments technology will provide Absa Business Banking with end-to-end payment processing capabilities through a single payments platform and fully outsourced managed services uptake of Payments as a Service (PaaS) is fuelled by Africa's growing cloud adoption, which can be likened to the continent's rapid growth in smartphone ownership. According to analysts, cloud adoption in Africa is accelerating rapidly, nearing levels seen in North America and China.'This new partnership marks a significant milestone for our company in Southern Africa and opens new avenues for growth and innovation. The growing adoption in cloud technologies has perfectly primed both fintech and traditional financial institutions to turbo-charge digital innovation. Working with managed service providers allows institutions to quickly and simply deliver new products and services to an increasingly digitally savvy customer,' comments Richard Kadiaka, Regional Managing Director, Southern Africa – Processing Services, Network fleet and commercial cardsFuel card fraud is a challenge for fleet managers which can lead to substantial financial losses over time. At the same time, connected vehicle concepts, digitisation of payment channels, and a demand for self-service management of cards requires enhanced stability and innovation in this part of its efforts to enhance its offering in the fleet and commercial card space, Absa has partnered with Network International. Through this collaboration, services will include card management for fleet cards and commercial prepaid cards, transaction switching and authorisation, integration with fleet management software, direct connectivity to Absa Bank systems, card tokenisation, digital wallets, an online self-service platform and an expense management solution.'As the 'Bank of the Entrepreneur,' we are committed to delivering seamless, secure and smart payment solutions to meet our clients' specific needs,' says Banie Claasen, Managing Executive for Lending Products at Absa Business Banking. 'By combining our deep sector expertise with Network International's leading technology, we're empowering businesses with enhanced control and security, greater transparency and a frictionless payment experience. This collaboration underscores our commitment to innovation and customer-centricity.'A new dawn for African paymentsAfrican financial institutions are undergoing a seismic shift, with Africa's financial services market potentially growing to about 10 percent per annum, reaching $230 billion in revenues by 2025 according to McKinsey. The growth will include many new payment products as more organisations understand the importance of offering safe omni-channel solutions. Distributed by APO Group on behalf of Network International.
