Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Telecom Egypt reported a 37% increase in Q1 2025 net profit, reaching 1.1 billion EGP, driven by growth in broadband and mobile services. The company saw an 18% revenue increase and a 15% rise in EBITDA. Continued investments in network infrastructure and 5G capabilities support its strong performance.
Dialog Axiata reported a strong performance in Q1 2025, with revenue reaching Rs 43.3 billion, a 4% increase YoY. EBITDA grew 45% YoY to Rs 19.7 billion, with an EBITDA margin of 45.5%. NPAT rose 49% YoY to Rs 4.1 billion. The company also reported significant tax contributions and robust cash flow.
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.
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.
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.
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.
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.
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.
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.
Beyon has released its financial results for the first quarter of 2025, reporting a net profit of BHD 18.1 million…