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.
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).
UAE telecom major e& has announced the launch of OneWork, a cloud-based unified collaboration platform built within the UAE to serve organisations operating across the country. It is designed to meet national data sovereignty requirements while enabling advanced digital transformation.
Leading UAE telecom services company e& has partnered with TM Forum to jointly release a new white paper that outlines its roadmap towards Level 4/5 autonomous networks, aligning AI-native operations, intent-based orchestration and cross-domain intelligence.
Omantel has announced the launch of its AI Centre of Excellence, an integrated platform designed to accelerate the adoption of advanced artificial intelligence technologies and support the transformation of promising ideas and applications into scalable digital products across multiple sectors.
