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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

Zain to solidify 5G networks

The company's fourth-quarter net profit was $78m
  • The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector.
  • Zain's agreement with Tata Communications includes joint projects related to SD-WAN and global contact centers.

Zain KSA has signed MoUs with Huawei, Nokia, Tata Technologies and BTAS and a Managed Security Service Provider Agreement with Fortinet.

Zain said the agreements are part of its strategy to develop its innovation and improve the customer experience for individuals, businesses and government agencies, in accordance with the latest international standards and information security best practices.

The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector, as well as the utilization of 5G solutions for warehouses. Zain KSA will also cooperate with Huawei on the analysis of global trends in addition to 5G innovation development to achieve the best value for subscribers while encouraging wider adoption of 5G technologies in Saudi Arabia.

Zain said it will leverage Nokia’s innovative use cases in many areas, including reliable, high-speed digital business solutions, by developing 5G use cases in various fields. The MoU with Nokia also entails a strategic partnership to develop and market Nokia’s business solutions through Zain KSA, including a plan to access the market for the targeted sectors and achieve added value.

The MoU with Tata Communications outlines bilateral cooperation for supporting the growth of the business sector through joint projects related to software-defined wide area network (SD-WAN) and global contact centers, as well as the application of smart transport and IoT solutions in a variety of sectors such as smart waste handling, smart metering and other smart city use cases.

Zain’s MoU with Beyond Technology Al Saudia (BTAS) is mainly concerned with providing an integrated portfolio of B2B cybersecurity solutions, the company said in a statement.

The two parties will also exchange expertise in the field of Information Security Operations Center (SOC), as well as analyze and assess cyber threats in the Kingdom, promote awareness of the importance of cybersecurity and review relevant governance requirements.

Zain KSA recently signed an MSSP Agreement with Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, which will expand their collaboration to strengthen the security of Zain Cloud services dedicated to start-ups, enterprises, SMEs and government sectors.