NEWS stc is the most valuable brand amongst telecommunications companies in the region
51 positions to 189th , making stc the second fastest-growing brand of the largest 20 global telecommunications companies and earning the company a triple A-brand ranking .
According to the ranking of Brand Finance , the stc Group CEO , Eng . Nasser Sulaiman Al Nasser , obtained the ‘ leading global brand guardian ’ for a leader who contributed to strengthening the brand of a company in the telecommunications sector .
The report noted Al Nasser ’ s efforts in supporting the company ’ s progress in 5G technologies to become a pioneer of Digital Transformation in the Kingdom and Middle East , in line with the objectives of Vision 2030 .
Saudi Arabia-based telco stc has surpassed its counterparts in the region to become the most valuable brand in the telecommunications sector in the Middle East and the third most valuable brand in all sectors behind Aramco and ADNOC , according to Brand Finance branding . The telecoms provider is the region ’ s fastestgrowing brand , up an impressive 14 % to US $ 9.2 billion and simultaneously jumping
David Haigh , CEO , Brand Finance , said : “ stc ’ s brand has evolved and grown following its successful master brand refresh and extension into Kuwait and Bahrain at the beginning of last year .”
Aramco and stc unveil Dammam 7 supercomputer
Aramco and stc have announced the launch of Dammam 7 , a new supercomputer among the top 10 most powerful in the world .
The supercomputer presents new opportunities in both exploration and development and enhances Aramco ’ s decision-making on exploration and investment decisions .
According to Aramco , the move is the next step in its Digital Transformation , complementing a suite of advanced technologies that are reshaping core operations , driving efficiencies and reinforcing its industry leadership in geoscience .
55.4 petaflops of peak computing power , allowing it to process and image the world ’ s largest geophysical datasets . The Dammam 7 supercomputer , named after the first oil well discovered in Saudi Arabia , will push beyond the traditional boundaries of exploration and production through cutting edge technology .
Amin H . Nasser , President and CEO , Aramco , said : “ The Dammam 7 supercomputer is named after the first commercial oil well discovered in 1938 .
“ It will help us with breakthroughs as part of our long term ‘ Discovery and Recovery ’ strategy in our Upstream business . This technology that processes complex data faster will enable new discoveries and enhanced recoveries , which are crucial to both ensuring the availability of adequate supply to meet demand for energy and cut costs .”
Developed at Dhahran Techno Valley in partnership with Solutions , a subsidiary of stc Group , and CRAY , a Hewlett Packard Enterprise subsidiary , Dammam 7 has
Officials from Aramco and stc at the launch of Dammam 7 supercomputer
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