Ericsson has announced that it has collaborated with Saudi telecom group Mobily on a skills development programme aimed at helping Saudi youth build digital, professional and leadership skills and better understand career opportunities in the ICT sector.
Ooredoo, a leading international telecommunications company based in Qatar, has announced plans to invest about $800 million for a 49% stake in Zankore, an artificial intelligence computing platform being developed in Indonesia, thus marking its expansion into AI infrastructure in Southeast Asia.
UAE telco e& has announced the launch of an AI-powered laptop for its enterprise customers in UAE. It is equipped with on-device AI capabilities, including built-in large language models specifically optimised for Snapdragon X Series processors from Qualcomm.
Zain Bahrain, a leading telecom services company in the kingdom, has signed a partnership deal with Sharaf DG Bahrain to enable its customers to purchase products through convenient installment vouchers. The partnership offers customers greater choice, flexibility and access to a broader range of products.
Oman's Public Establishment for Industrial Estates (Madayn) has announced that its Sur Industrial City has secured RO56 million ($145.2 million) in investments during the first half through six agreements spanning over 60,000 sqm for projects in oil and gas, telecom, and food industries.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Saudi Telecom Company (stc) has delivered solid H1 results recording a 3.8% jump in its revenue for the six-month period hitting SAR40.11 billion ($10.7 billion), while gross profit increased 5.3% to SAR19.64 billion ($5.1 billion), driven by growth across its telecom and digital businesses.
Beyon, a leading telecom company and digital enabler in Bahrain, has reported a 7% increase in its Q2 net profit hitting BD18.3 million ($48.5 million), while its quarterly revenue broadly stood flat at BD126 million ($331 million) supported by higher revenue and operational efficiencies.
Zain Group, a leading TechCo providing innovative ICT and digital communications in eight markets across the Middle East and Africa, has reported a 1.4% rise in second-quarter net profit attributable to shareholders, as higher ebitda offset a decline in revenue amid regional geopolitical challenges.
Emirates Telecommunications Group Company (e&) has announced the termination of its relationship agreement with Vodafone Group and sale of its shares in the company for approximately AED21.8 billion ($5.95 billion).
