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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

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.