Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
e& posted Q3 2025 revenue of $5.06 billion and net profit of $816.8 million, up 29.2% and 39.7% year-over-year respectively. With 202.2 million subscribers and growing AI, cloud, and 5.5G investments, e& reinforced its position as a global tech leader driving the UAE’s digital transformation.
Thawani Pay became Oman’s first fintech licensed by Visa to issue credit cards, marking a major step in digital payments innovation and aligning with Oman Vision 2040’s financial inclusion goals.
Morocco Telecom achieved 1.2% revenue growth to MAD 27.27 billion (USD 2.95B) in the first nine months of 2025, supported by African subsidiaries and broadband demand, offsetting local market pressures.
stc Kuwait recorded KD 255.7 million in revenue and KD 25.8 million in profit for the first nine months of 2025, reflecting steady growth, improved efficiency, and strong progress in digital transformation and 5G expansion.
e& reported AED 8.8 billion net profit in H1 2025, up 60.7% year-on-year, with strong 5G, AI, and cloud ecosystem expansion. The company launched the UAE Sovereign Cloud Launchpad, partnered with Qualcomm and AWS, and continued driving digital transformation across global markets.
Grameenphone’s net profit fell 23% year-on-year to Tk2,264 crore in January–September 2025, while revenue slipped marginally to Tk11,948 crore. The company attributed the decline to increased operational costs and slower top-line growth amid competitive market pressures.
The 4th African Startup Conference will gather 200 startups in Algiers this December, highlighting Algeria’s innovation leadership and startup financing reforms. Backed by President Tebboune, the event aims to attract investors and strengthen Africa’s entrepreneurial cooperation.
du reported Dh732 million in Q3 2025 net profit, up 25.8% on a normalised basis, driven by revenue growth, cost efficiency, and rising subscriber numbers. Strong ICT expansion and disciplined execution underpin du’s outlook for sustained growth and digital transformation leadership.
Vodafone Qatar posted a 13% rise in nine-month net profit to QR949mn, supported by 8.4% revenue growth across mobility, broadband, and managed services. EBITDA rose 8.5% to QR1.1bn, with RoE improving to 12.9%, underscoring the company’s focus on efficiency and sustainable shareholder returns.
Ooredoo Kuwait reported a Q3 2025 net profit of $221 million and a 9% revenue increase year-on-year. The company expects continued growth, backed by its 5G Advanced rollout and digital transformation strategy focused on customer experience and sustainable network development.