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Etihad Atheeb 9M profit $47m
Higher revenues from various segments boosted profit.
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GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home territory. -
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home territory. -
e& net profit up 20% in Q3
The company's revenues increased by 3.3 percent to $3.64 billion. -
Energy, commodity prices hurt profits of GCC firms
GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived. -
BT to axe 55,000 employees
BT employs 130,000 staff, including contractors. -
UN wants $100 billion to boost digitalization in poor nations
"Tech is at the top of the global agenda, but the benefits of digital technology are still out of reach for too many people," ITU chief Doreen Bogdan-Martin said in a statement. "If we are serious about digitalizing the world in a way that is meaningful and sustainable, we must... -
Jordan-Iraq business forum to begin in June, seek deeper trade ties
Amman, Jordan-- Seeking to widen its economic and trade ties with Jordan, the Iraqi Business Council (IBC) will organize the Jordanian-Iraqi Business and Finance Forum next month in Amman, under the theme: "Building Bridges of Common Prosperity," with “wide” participation from the two countries’ investors, business owners, companies and other... -
Reliance posts Q1 profit rise
It posted better-than-expected profit increase to US$2.35bn. -
Nokia Q1 earnings down
Nokia's share price was down seven percent at $4.35. -
stc to sell stake in CCC
stc had in Jan signed sale and purchase pact with solutions. -
Phone firms set for annual meet in shadow of global slump
Barcelona, Spain--The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together, this year under the shadow of a severe slump across the technology sector. Some 80,000 delegates are expected at the four-day Mobile World Congress (MWC), which is back to near... -
GCC businesses plan expansion through new clients
Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region. -
Remote work, hybrid workplace boost telecom demand
Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS. -
Nokia 2022 net profit $4.7bn
The company's Q4 net profit surged to US$3.4 billion. -
RIL posts Q3 profit of US$1.9b
Profit is 15 percent lower than in the same period last year -
Data set to drive GCC telecom growth in 2023
Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026. -
Zain Group 9M net profit $492m
Revenue was up 12% to reach $4.2 billion for the same period. -
e& posts 1.9% jump in profit
The telecom company's net profit vaulted to $680.5m in Q3. -
Stc posts US$2.5bn profit in Q3
It said profit was driven by multi-sector investments. -
Nokia Q3 profit at $419m
The Finnish company reports net sales of $6billion. -
Ericsson Q3 profit at $480m
Firm is making 'pricing adjustments' as inflation soars. -
Zain KSA shares go up
The stock rose after the transfer of its subsidiary to the PIF. -
UAE stocks post gain of US$2.72bn in market cap
The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals. -
Telecom Egypt and Orange Jordan’s CAB System to connect Iraq to Europe
Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, and Orange Jordan, will create a terrestrial system connecting Iraq to Europe through Jordanian and Egyptian territories. The two companies signed an agreement under which the new system will commercially be named... -
Greece to get ‘cheaper energy’ from Saudi Arabia
A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several upcoming bilateral projects between the two countries. -
e& Q1 net profit $653m
Its consolidated revenues rose 0.8 percent to AED13.3 billion. -
Investments key to improve region’s telecom services
There is so much more the industry can explore through digital engagement, including digitizing products and services, gamifying experiences, creating loyalty eco-systems to encourage customer adoption, as well as using data insights to create personalized customer experiences are just a few examples, she adds. -
Etisalat to up stake in Mobily
This comes as Etisalat aims to expand its footprint in Saudi Arabia. -
Skills gap challenge for GCC digitization, says du CEO
GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of du, in an exclusive interview with TRENDS. -
US finds Ericsson disclosures on Iraq graft ‘insufficient’
Sweden's Ericsson said Wednesday that US authorities have found its disclosures about an internal inquiry into its conduct in Iraq, including suspected bribes to the Islamic State group, "insufficient". -
e& of UAE to foray into international markets for growth
e&, the UAE telecom firm, is looking to widen its operations overseas and push growth across all business segments. -
e& 2021 net profit $2.53 bn
The net profit was 3.2 percent higher than in 2020, the company said. -
Etisalat rebranded e& in pursuit of global tech and investment ambitions
UAE’s biggest telecom operator Etisalat will now be called as e& after its rebranding on Wednesday, which was launched by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. The rebranding comes as the group seeks to become a global technology and investment conglomerate. Mansour... -
Syria accords rare approval to telecom firm to begin operations
Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months, the communications minister said. -
Saudi stc posts $3bn profit in 2021 on the back of high sales
stc, Saudi Arabia's top telecom firm, has posted a three percent increase in net profit to $3 billion in 2021 on the back of improved sales. -
Syria accords rare approval to telecom firm to begin operations
Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months, the communications minister said. -
Etisalat 2021 revenue up 3.2%
The consolidated revenue stood at AED53.34 billion ($14.52 billion). -
5G fears: US airports land into trouble
In the United States, the 5G usage near airports have been opposed by many airlines, which claim that it may disrupt aircraft radar measurement devices, which inform pilots of the height of their aircraft above the ground. Several Arab countries, meanwhile, have already embraced 5G, and others are expected to... -
AT&T, Verizon agree to delay 5G activation at some airports
US Telecom giants AT&T and Verizon will delay the implementation of their 5G network on a "limited number" of towers near airports following warnings from US airlines. -
US airlines once again warn against 5G deployment near airports
The heads of the largest US airlines warned of a "catastrophic disruption" to travel and shipping if telecom firms rolled out their 5G technology as planned on Wednesday. -
Lebanon telecom ministry’s budget to be based on two figures: Minister
Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state budget, said telecoms minister Johnny Corm. Corm said the first figure took into consideration the possibility of continuing to charge consumers the same current tariff, which is based on the... -
Omantel pushes for 5G adoption
The Oman-origin telecom firm has signed a deal with Optiva for this. -
Despite hurdles, interest in 5G high in MENA
As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease lifestyle, says Zoran Lazarevic, CTO for Ericsson Middle East and Africa. -
Batelco net profit up 9 percent
Batelco said steady revenue growth led to this rise in profit. -
STC net profit $2.32 bn for 9 months
Net profit in Q3 alone increased by 5.71 percent -
Lebanon’s telecom, internet sector could collapse in days
Telecom companies in Lebanon have joined the long list of at-risk industries and institutions because of the financial and economic crisis that has led to shortages of, among others, fuel to make electricity. Telecom services, including the internet, were intermittently suspended in several regions in recent months. -
Saudi telecom firm stc gets higher rating from Moody’s for ‘strong financial metrics’
Moody’s, the bond credit rating firm, has upgraded the Baseline Credit Assessment (BCA) of Saudi Arabia’s stc, saying it has maintained “very strong financial metrics. -
Etisalat’s SmartHub centres grow
SmartHub has become a key element of the digital infrastructure in the region. -
$6bn merger for Ooredoo arm
The merged company will be called PT Indosat Ooredoo Hutchison. -
Lebanon grapples with power, telecom outages
The outages come less than two days after a fuel tank exploded in the village of Al-Tleil, scorching people clamouring to fill petrol that the army was distributing.