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9 May 2025
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Financial

  • Financial

Presight AI Reports Record Financial Growth in Q1 2025, Fueling Global Expansion

Shahzaib1 day ago1 day ago03 mins

Presight AI reported a record Q1 2025, with revenues up 115.1% year-on-year and international revenue increasing five-fold. The company secured AED 1.44 billion in new orders, boosting its backlog to AED 3.87 billion. Presight remains debt-free with a cash position of AED 1.97 billion, reinforcing its global AI leadership.

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  • Financial

Zain KSA Reports Strong Q1 2025 Results, Driven by 5G Expansion and Digital Services Growth

Shahzaib1 day ago1 day ago03 mins

Zain KSA reported strong Q1 2025 results with SAR 2.7 billion in revenues and a 39.5% increase in net profit. Driven by 5G expansion and digital service growth, the company continues to invest in infrastructure, fintech, and AI-driven solutions, supporting Saudi Vision 2030’s digital transformation goals.

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  • Financial

Du’s Revenue and Profit Surge in Q1 2025, Driven by Subscriber Growth and UAE Economic Expansion

Shahzaib2 days ago2 days ago02 mins

Du’s Q1 2025 results show a 7% increase in revenue to AED 4 billion and a 20% rise in profit to AED 722 million, driven by subscriber growth and UAE economic performance. The company’s expansion includes a new AED 2 billion data center in partnership with Microsoft.

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  • Financial

bKash Reports 67% Profit Increase and 20% Revenue Growth in 2024

Shahzaib3 days ago3 days ago01 mins

bKash, a leading mobile financial services provider in Bangladesh, reported a 67% increase in profit and a 20% rise in revenue for 2024. The company posted a profit of Tk 315.77 crore and revenue of Tk 5,058.20 crore, reflecting strong growth since its establishment in 2010.

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  • Financial

Orange Jordan Approves JD 41.25 Million Cash Dividend and Reports Strong Financial Performance in 2024

Shahzaib4 days ago4 days ago04 mins

Orange Jordan has approved a cash dividend of JD 41.25 million, marking a 99.5% increase in profit distribution. The company reported strong 2024 performance with a revenue of JD 361.3 million and continued its investment in 5G and fiber networks, strengthening its leadership in Jordan’s digital transformation.

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  • Financial

bKash Sees Strong Growth in 2024 with 67% Increase in Profit and 20% Rise in Revenue

Shahzaib4 days ago4 days ago01 mins

bKash has reported strong financial growth for 2024, with a 67% increase in profit, reaching Tk 315.77 crore, and a 20% rise in revenue to Tk 5,058.20 crore. The company continues to expand its role in Bangladesh’s mobile financial services sector, attracting global investments from major entities.

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  • Financial

CloudKitchens Plans IPO in the Middle East Amid Growing Demand for Digital Food Delivery

Shahzaib1 week ago1 week ago03 mins

CloudKitchens, led by former Uber CEO Travis Kalanick, is preparing for an IPO in the UAE or Saudi Arabia. With a $400 million investment from Saudi Arabia’s Public Investment Fund, the company aims to capitalize on the Middle East’s growing food delivery market, signaling strong investor interest in tech-driven ventures.

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  • Financial

Beyon Reports Q1 2025 Financial Results: Growth in Digital Services and Telecom, Despite Tax and Acquisition Impacts

Shahzaib1 week ago1 week ago04 mins

Beyon has released its financial results for the first quarter of 2025, reporting a net profit of BHD 18.1 million…

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  • Financial

e& Reports Strong Q1-2025 Growth with 12.9% Subscriber Increase and Strategic Stake Sale

Shahzaib1 week ago1 week ago02 mins

e& has seen a 12.9% increase in its total subscriber base, reaching 194.8 million, and posted a strong Q1-2025 performance with revenues up by 18.7% and a net profit surge of 129.9%. The company also divested a 40% stake in Khazna Data Centers for Dh8 billion and entered a strategic partnership in Morocco.

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  • Financial

Maroc Telecom Reports Q1 Profit Drop Amid Declining Revenue in Morocco, Growth in Africa

Shahzaib2 weeks ago2 weeks ago02 mins

Maroc Telecom reported a 5.9% profit drop in Q1, driven by declining revenue in Morocco, while its African subsidiaries saw growth. The company also announced a partnership with Inwi to roll out a 5G network in Morocco with a joint investment of 4.4 billion dirhams over three years.

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