Sunday 1 May 2016
 
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Zain

Zain Group posts $124m Q1 net profit

Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, registered a net profit of KD37 million ($124m) in first quarter this year, reported the Gulf Daily News, our sister publication.

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Zain Saudi Q1 net loss narrows

Telecom operator Zain Saudi reported a narrowing first-quarter loss on Thursday, narrowly missing analysts' forecasts. The company has yet to make a quarterly profit since launching services in 2008 and has battled to compete

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New initiative to make Jeddah a smart city

Zain Saudi Arabia and Nokia have signed a memorandum of understanding (MoU) to collaborate on a major initiative that will transform Jeddah, one of Saudi Arabia's largest cities, into a model for smart cities in the country and worldwide by

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Zain hosts Customer Engagement Forum in Kuwait

  Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and North Africa (Mena) region, drew senior personnel from across the group operations for its recently concluded Customer Engagement Fo

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No developments in tower sale plan: Zain

Telecommunications operator Zain said on Sunday there were no fresh developments in its plans to sell mobile transmitter towers in Saudi Arabia and its domestic market Kuwait. Citing sources familiar with the matter, Reuters repor

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Zain closer to selling towers in Kuwait, Saudi

Kuwaiti telecoms group Zain is narrowing the field of potential bidders for its mobile transmitter towers in Kuwait and Saudi Arabia, sources familiar with the matter told Reuters. Should a deal be concluded for the 7,000 towers o

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Zain Q4 net profit rises 8pc

Zain, Kuwait's No.1 telecom operator by subscribers, reported an eight per cent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased. The former monopoly, which operat

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Top Saudi mobile operators plan tower company

Saudi Arabia's three telecom operators are in talks to create a company to own and manage their mobile transmitter towers in a move that could cut costs and lower tariffs in the kingdom, a Saudi financial news website has reported.

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Zain Bahrain net profit up 24.3pc

Bahrain Bourse-listed Zain Bahrain has reported an increase of 24.3 per cent in net profit at BD5.147 million ($13.616 million) for the year ended December 31 when compared with BD4.142 million in 2014. In a statement the telecoms firm said th

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Ericsson, Zain launch NFV, Cloud solutions

Ericsson and top telecom provider Zain have announced the first proof of concept in the Middle East for Network Functions Virtualization (NFV) and Cloud orchestration infrastructure, to create a more flexible and agile core environment.

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