Ooredoo has reported a 2% revenue increase for the nine-month period ending September 30, 2024, reaching QAR17.7 billion. The company also achieved a 15% rise in normalized net profit and secured a $500 million bond issuance to support growth, particularly in its data center business and digital infrastructure.
The Saudi Ministry of Media has announced the ImpaQ Impact Makers Forum, set for December 18-19 in Riyadh. This event will gather over 300 influencers and industry experts to redefine influence in the digital landscape, featuring discussions on social responsibility, purpose-driven influence, and the future of social platforms.
HUTCH has excelled at the SLIM Digis 2.4 Awards, winning multiple honors for its innovative digital marketing efforts. The telecom operator received GOLD for Best Performance Marketing Campaign and multiple SILVER and BRONZE awards, underscoring its commitment to creativity and customer-focused campaigns in the digital space.
The Pakistan Telecommunication Authority (PTA) has confirmed that internet services in the country have been fully restored after resolving issues with the South East Asia-Middle East-Western Europe 4 (SMW4) and Asia-Africa-Europe 1 (AAE-1) submarine cables. This resolution eliminates the 1,750 Gbps shortfall, ensuring optimal internet performance.
Jazz has completed its second unsecured Sukuk issuance, raising Rs15 billion, significantly oversubscribed with 4x demand from the non-bank market. The funds will enhance Jazz’s 4G network expansion, aiming to provide digital services to over 71.5 million customers across Pakistan, reinforcing its commitment to bridging the digital divide.
Accenture and du have partnered under a five-year contract to enhance the application development and maintenance of du’s IT landscape. This collaboration aims to improve agility and market responsiveness while adopting new technologies such as generative AI and advanced analytics, supporting du’s digital-first strategy.
Majid Al Futtaim Entertainment has launched “Activate,” a state-of-the-art active gaming facility in City Centre Mirdif, Dubai, in partnership with Activate Games. This innovative venue features nine dynamic game rooms with over 50 interactive games, suitable for players aged six and up, combining physical activity with gaming entertainment.
BRAC University has partnered with Turkish technology firm Nigella World to establish Bangladesh’s first Blockchain Academy. This initiative aims to develop a skilled workforce in blockchain technology, with initial applications in agriculture and finance, positioning Bangladesh as a leader in blockchain education and supporting its digital economy.
Telenor Pakistan reported a 6.7% revenue increase for Q3 2024, totaling Rs. 30.11 billion, despite challenging economic conditions. The company achieved an organic growth rate of 8%, though its subscription base declined by 3%. Average Revenue Per User (ARPU) rose by 11%, contributing to a robust 9% growth in EBITDA.
Otaxi has partnered with ITHCA Group and Yango Group to enhance mobility services in Oman, integrating digital solutions to modernize local taxi services. This collaboration aims to improve the digital infrastructure, introduce a parcel delivery service, and facilitate the upcoming launch of the Yango superapp in Oman.
