Zain Saudi Arabia reported a net profit of 150 million riyals for Q3 2024, a 114.3% increase from the previous year. However, net profits for the first nine months declined by 75.6% to 322 million riyals. The company also faced rising operating and credit loss expenses.
Ooredoo will participate in Milipol Qatar 2024, showcasing advanced ICT solutions focused on national security and business continuity. The company will highlight its managed security and IoT services, aligning with Qatar’s National Vision 2030. The event runs from October 29 to 31, 2024, at the Doha Exhibition Center.
Port City Colombo is working to establish Sri Lanka as a leading tech hub in South Asia, with 40 global IT companies already onboarded. The initiative supports the government’s goal of creating a $15 billion digital economy by 2030, fostering innovation and investment in the country’s tech sector.
Oman is enhancing its cybersecurity capabilities with new initiatives announced during the Regional Cybersecurity Week. Key developments include the CREST CAMP program, the Hadatha Center for the Cybersecurity Industry, and the Cybersecurity Industry Monitoring Centre, aimed at fostering local talent and addressing evolving cyber threats in the nation.
Telenor Pakistan and ZTE Corporation have achieved a new data transmission record of 1.9 Gbps over a distance of 11.6 kilometers. This trial utilized advanced MIMO technology and aims to enhance Pakistan’s telecom infrastructure, improving network capacity and expanding high-speed Internet services across the country.
The Ministry of Higher Education, Research, and Innovation (MoHERI) in Oman will celebrate the graduation of 56 trainees from the Mobile Phone and Tablet Repair Programme. This initiative, supported by the Oman LNG Development Foundation, aims to equip youth with technical skills for the smart device maintenance sector.
Anxinsec has established its global headquarters at the Abu Dhabi Global Market in collaboration with the Abu Dhabi Investment Office. This move aims to enhance cybersecurity capabilities across the region, providing very-high-throughput services to 26 African countries and positioning the UAE as a leader in digital security solutions.
Arabian Internet and Communications Services Company (solutions) reported SAR 1.27 billion in revenues for the first nine months of 2024, a 23.30% increase year-on-year. Q3 net profits surged 19.63% to SAR 463 million, although revenues slightly declined to SAR 2.75 billion compared to the previous year.
Moroccan company Panafsat has partnered with Thales Alenia Space to develop a satellite communications system aimed at providing very-high-throughput services (VHTS) to 26 African countries. This initiative will enhance digital infrastructure and connectivity, benefiting a population of approximately 550 million and contributing to economic growth across the continent.
Jordan experienced a 64% increase in 5G mobile technology subscriptions in Q2 2024, rising to 51,491 from 31,334 in Q1. Fixed broadband subscriptions reached 793,000, while data consumption through fixed services grew to approximately 1.289 billion gigabytes, reflecting a positive trend in digital connectivity across the country.
