e& Posts Record $19.85bn Revenue as Profits Jump 33.6%
The Board has appointed Masood M Sharif Mahmood, currently CEO of e& UAE, to succeed Dowidar as Group CEO effective April 1, while also continuing in his UAE leadership role.
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Meta Signs Up to $100bn AI Chip Deal with AMD
The deal highlights surging demand for AI processors as major technology companies race to build the computing capacity needed to support next-generation AI systems.
Beyon Secures $2.8bn Kuwait Fiber Network PPP Deal
Beyon has been selected by Kuwait’s KAPP as the winning investor for a $2.8 billion, 50-year PPP to develop and operate a nationwide high-speed fiber broadband network. The project will cover 90% of Kuwait’s plots, support 10Gbps connectivity, and advance the country’s Vision 2035 digital transformation goals.
PTA Introduces WhatsApp-Based Digital Assistant for Telecom Consumers
PTA has launched a WhatsApp-based Digital Assistant to help telecom consumers access information and file complaints more efficiently. The initiative aims to improve response times, enhance regulatory awareness, and strengthen digital consumer support services.
Khazna Data Centers Secures Tier III Design Certification for Region’s First AI Liquid-Cooled Facility
Khazna has secured Uptime Institute Tier III design certification for its 100 MW AI-optimised Ajman data centre, set to become the MENA region’s first certified AI facility with advanced liquid cooling technology.
e& Revenue Jumps to $19.85bn as Net Profit Climbs 33.6% to $3.92bn in Record 2025 Results
e& posted record 2025 results with revenues up 23.1% to $19.85bn and net profit rising 33.6% to $3.92bn, alongside strong subscriber growth and a higher dividend payout, while announcing a leadership transition effective April 1.
India’s IT Industry Set to Surpass $300 Billion as AI Reshapes Growth Landscape
India’s IT industry is projected to surpass $300 billion in revenue in the upcoming fiscal year, driven by AI adoption, improving global demand, and steady outsourcing growth. Nasscom forecasts 6.1% growth to $315 billion, with employment nearing 5.95 million. While AI is reshaping traditional services, it is also creating new growth opportunities across segments.
Beyon Connect partners with Mubasher Capital to implement EKEY for Business
Beyon Connect has signed an agreement with Mubasher Capital to implement EKEY for Business, Bahrain’s national digital identity and eKYC platform. The partnership will enable secure biometric authentication and digital onboarding, enhancing compliance, reducing fraud risks, and improving customer experience in the financial sector.
Reports Spark Confusion Over Status of Pakistan’s Social Media Firewall
Sources further indicated that the firewall initiative falls under the jurisdiction of the Ministry of Interior and the Ministry of IT, adding to concerns due to the continued lack of official communication. Reports suggest the project may have faced technical challenges during integration with telecom infrastructure, potentially leading to financial losses and raising questions about whether the government may consider permanently shutting down the system ahead of the planned 5G spectrum auction.
Aljazira Bank and BIBF Conclude “Future Leaders” Leadership Development Program
Aljazira Bank, in partnership with the Bahrain Institute of Banking and Finance (BIBF), concluded its “Future Leaders” program, a five-day specialized training initiative for youth from across the GCC. The program focused on leadership, entrepreneurship, innovation, and financial technologies, including AI and trading simulations, and included field visits to key financial institutions in Bahrain. The initiative aims to develop future banking leaders, strengthen human capital, and support economic growth in line with Saudi Vision 2030.