Monday 3 August 2015

Viva's H1 net profits surge $71m

Viva, Kuwait's fastest-growing telecom operator, has reported a net profit of KD21.6 million ($71.3 million) for the first half of the year, jumping 14 per cent compared to the same period last year. Total revenues reached KD134 million ($442.5 million), growing 18 per cent w


Mobily swings to Q2 net loss

Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits following an accounting scandal, swung to a second-quarter net loss on Sunday that missed forecasts. Mobily, an affiliate of the UAE's Etisalat, made a net loss of SR900.9 million ($240.


Batelco launches online portal for enterprise customers

Batelco, Bahrain’s leading Business Communications Solutions provider, has launched an online portal for the enterprise sector. This functionality is the latest addition to the already established Batelco e-Services, which allows corporate customers to login to the portal b


FB drone ‘ready for real-world testing later this year’

Facebook announced on Thursday it has completed building its first full-scale drone, which has the wingspan of a Boeing 737 and will provide Internet access to the most remote parts of the world. The company said it will test it in the United States later this year.


Mobily trims 2013 profit, widens 2014 loss

Saudi Arabia's Etihad Etisalat (Mobily) on Thursday revised 27 months of earnings, cutting its 2013 profit and widening its 2014 loss, although its loss in the first quarter of 2015 lessened. The telecom operator has been embroiled in an earnings scandal since last November w


Microsoft's Windows 10 wins plaudits

Microsoft Corp's launch of its first new operating system in almost three years, designed to work across laptops, desktop and smartphones, won mostly positive reviews for its user-friendly and feature-packed interface. The launch was seen critical for the company, particularl


Dubai’s ‘Smart Palms’ offer free Wi-Fi

The 'Smart Palms' that one can find on Dubai’s beaches and parks, not only provide shade, but also free wireless Internet access while displaying information on the city’s attractions and weather. The six-metre solar-powered ‘palms’ can be used to


Dimension Data expert highlights IoT security threats

Organisations need to continually monitor their IT infrastructure and the IT security industry – not only for threats, but for new approaches to managing threats, commented an industry expert following the recent incident involving Fiat Chrysler Automobile (FCA). FCA announ


Saudi Telecom Q2 net profit falls 8.7pc, misses estimates

Saudi Telecom Co (STC), the Gulf's biggest telecom operator by market value, blamed rising costs as it posted an 8.7 per cent fall in second-quarter profit on Wednesday to extend a profit slump and miss analyst estimates. The firm, which competes domestically with Etihad Etis


Zain Q2 net profit falls 33pc

Zain, Kuwait's biggest telecom operator by subscribers, reported a 33 per cent fall in second-quarter profit on Wednesday, extending a sustained earnings slump as difficulties in Iraq and a strong dollar hurt earnings. The former monopoly, which operates in eight countries in

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