Tuesday 29 July 2014

Ooredoo posts 11pc Q2 profit drop

Qatari telecom operator Ooredoo reported a 11 percent drop in second-quarter profit on Wednesday. The former monopoly, which operates in about 15 countries across the Middle East, Africa and Asia, made a net profit of 817 million riyals ($224.4 million) in the three months to Jun


Etisalat launches smartphone protection plans

Etisalat, the UAE’s leading telecommunication services provider, has launched the region’s first smartphone protection plans, which protect handsets within and outside UAE from theft and accidental damage. The protection plans are priced at Dh120 for a six-month cover


Tech Mahindra, Midad form Saudi JV

Tech Mahindra, a specialist provider of connected solutions, has signed a joint venture agreement with Midad Holding, which is a subsidiary of Al Fozan, a leading Saudi group with diversified business interests.   Tech Mahindra will have 51 per cent ownership while Midad will


Vodafone Qatar beats forecasts with smaller loss

Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing first-quarter loss on Tuesday, beating the average forecast of analysts as revenue and subscriber numbers jumped. The No 2 telecoms operator in Qatar made a net loss of 27.4 million riyals ($7.5 million) in the


Mideast firms warned over new cyber threats

Cyber criminals in Nigeria have evolved common malware campaigns to infiltrate businesses in the Middle East that have not previously been their primary targets, a recent report has warned.   The new report ‘419 Evolut


Batelco wins order freezing former partner's assets

A British court has ordered a worldwide freeze on assets of Batelco's former Indian investment partner Siva Limited and its chairman Chinnakannan Sivasankaran.   The Bahrain-based international telecommunications group s


Mobily Q2 profit hit by Atheeb deal provision

Etihad Etisalat (Mobily), Saudi Arabia's No 2 telecom operator, matched forecasts on Monday despite a 18.6 percent fall in second-quarter net profit caused by a provision against a scrapped network sharing deal with Atheeb Telecom. Mobily, an affiliate of the UAE's Etisal


Oxygen appoints new MEA strategic marketing director

Oxygen, a leading secure mobility value-added-distributor (VAD) in the region, has appointed Rohan Daniel Nair as its new strategic marketing director for the MEA region.    In his new role, Nair will be responsible for


Huawei pilot scheme backs ‘green’ supply chain

Huawei, a leading global ICT solutions provider, has launched a pilot scheme among 24 suppliers to support its global supply chain to go ‘green’, making its end-to-end operations more environmentally sustainable.   


India deal: Batelco seeks payment of $212m claim

Batelco Group, the Bahrain-based international telecommunications group with operations across 14 countries, has demanded full payment of the judgment debt totalling $212 million awarded by the English High Court of Justice against Chinnakannan Sivasankaran and Siva Limited (the defendants) fol

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