Financial

Azerbaijan, UAE Advance Cooperation on Digital Financial Solutions

Shahzaib6 months ago6 months ago01 mins

Azerbaijan’s Ministry of Finance delegation visited the UAE to advance a financial cooperation agreement and explore the adoption of digital financial solutions. The UAE Ministry of Finance showcased global best practices in data-driven public finance management, digital tax systems, PPP models, treasury and contracting platforms, and electronic financial controls. Azerbaijan aims to apply these tools to modernize its public finance operations.

Saudi Telecom Sector Revenues Reach Nearly $21 Billion in 2025 as Digital Demand Accelerates

Shahzaib6 months ago6 months ago02 mins

Saudi Arabia’s telecom sector generated nearly $21.5 billion in revenues in the first nine months of 2025, with profits rising 5.72% as digital adoption surged. stc accounted for 80% of total sector profits, while Mobily and Zain KSA delivered strong growth. Demand for 5G, cloud services, IoT and AI continues to drive expansion, supported by Vision 2030’s digital transformation agenda.

Saudi Telecom Sector Revenues Surge to $21 Billion in First Nine Months of 2025

Shahzaib6 months ago6 months ago02 mins

Saudi Arabia’s telecom sector posted revenues of SAR 80.46 billion and profits of SAR 14.46 billion in the first nine months of 2025, fuelled by demand for 5G, cloud services, and digital infrastructure. stc led the market with 80% of total profits, while Mobily and Zain KSA reported strong growth. Analysts expect continued momentum driven by Vision 2030 digital investments.

e& Expands AI, Cloud & Telecom Footprint Amid 23% Revenue Growth

Shahzaib7 months ago7 months ago02 mins

e& delivered robust H1 2025 results with AED 34.9 billion in revenue, strong AI and cloud expansion, new global partnerships, and strategic investments that solidify its position as a leading technology and digital transformation group.

Vodafone Egypt Posts Record 46% Revenue Growth in First Half of 2025

Shahzaib7 months ago7 months ago02 mins

Vodafone Egypt reported 46.1% revenue growth in the first half of 2025, reaching EGP 55 billion and achieving its highest market share. With EGP 7.53 billion invested in network upgrades, the operator continues strengthening coverage, resilience, and readiness for future technologies across Egypt.

Nepal Telecom reports decline in profit and revenue in Q1 FY 2082/83

Shahzaib7 months ago7 months ago01 mins

Nepal Telecom’s Q1 results reflect persistent revenue pressure caused by OTT adoption and rising operational costs. Profitability remains strained, underscoring the need for aggressive financial and service reforms to restore growth in Nepal’s telecom sector.

Makhazen Reports Strong Q3 Performance with KD 147 Million EBITDA from Continuing Operations

Shahzaib7 months ago7 months ago02 mins

Makhazen’s first full quarter post-rebranding shows strong core profitability growth, boosted by Kuwait-based infrastructure investments and operational resilience, while the Agility Global stake continues to contribute to earnings through associate performance.

Bangladesh Submarine Cables Q1 Profit Jumps 42% on Rising Bandwidth Demand

Shahzaib7 months ago7 months ago02 mins

Bangladesh Submarine Cables posted a 42.1% rise in Q1 FY26 profit to Tk 619.10 million as bandwidth demand and core business revenue grew. EPS, cash flow, and NAV per share all improved, reflecting strong fundamentals as the country’s sole international submarine cable operator benefits from rising internet usage nationwide significantly.

UAE digital lender Wio close to joining Dh100 billion club, says chief executive

Shahzaib7 months ago7 months ago01 mins

Wio Bank is nearing Dh60 billion in assets less than three years after launching and is aiming to cross the Dh100 billion threshold within two to three years. Backed by ADQ, e&, FAB and Alpha Dhabi, the digital bank has become one of the UAE’s fastest-expanding lenders and intends to secure a top-three position in the retail and SME banking market as it continues its rapid growth.

Saudi Arabia’s Tarmeez Capital and Monsha’at Launch $1 Billion SME Financing Initiative

Shahzaib7 months ago7 months ago01 mins

Saudi Arabia’s Tarmeez Capital and Monsha’at have launched a $1 billion Shariah-compliant SME financing program to strengthen private-sector growth and support Vision 2030 goals through Sukuk-based funding.

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Azerbaijan, UAE Advance Cooperation on Digital Financial Solutions

Saudi Telecom Sector Revenues Reach Nearly $21 Billion in 2025 as Digital Demand Accelerates

Saudi Telecom Sector Revenues Surge to $21 Billion in First Nine Months of 2025

e& Expands AI, Cloud & Telecom Footprint Amid 23% Revenue Growth

Vodafone Egypt Posts Record 46% Revenue Growth in First Half of 2025

Nepal Telecom reports decline in profit and revenue in Q1 FY 2082/83

Makhazen Reports Strong Q3 Performance with KD 147 Million EBITDA from Continuing Operations

Bangladesh Submarine Cables Q1 Profit Jumps 42% on Rising Bandwidth Demand

UAE digital lender Wio close to joining Dh100 billion club, says chief executive

Saudi Arabia’s Tarmeez Capital and Monsha’at Launch $1 Billion SME Financing Initiative