Zain Bahrain reported a 2.6% increase in Q2 2024 net profit to BD 1.35 million and a 7.6% rise in H1 2024 EBITDA to BD 11.79 million. Revenue for H1 2024 grew by 3.5% to BD 38.44 million. The company highlighted significant achievements in 5G innovation, sustainability, partnerships, and awards for excellence.
Ooredoo reported a 14% increase in normalised net profit to QR1.9 billion for H1 2024. Revenue grew by 3% to QR11.8 billion, and EBITDA rose by 6% to QR5.1 billion. The company completed the sale of Ooredoo Myanmar and launched several strategic initiatives, including the “walletii” mobile money app and MENA Digital hub.
Leading UAE telecom company e& reported a 6% increase in H1 2024 revenue, reaching AED28.3 billion ($7.7 billion), and a 17% rise in net profit to AED5.5 billion ($1.5 billion). The strong performance was driven by innovation and digital transformation, with the subscriber base growing to 175 million.
Du, in collaboration with Nokia and MediaTek, achieved a 70% boost in uplink performance on its 5G Advanced network in the MEA region. This trial, a first in the region, utilized advanced 5G technologies to enhance connectivity and indoor coverage, supporting high-demand applications like video conferencing and live streaming.
Al-Attal Properties has partnered with Orange Egypt to equip its Park Lane and West Leaves projects with advanced communication services through Orange’s Triple Play. This collaboration aims to enhance internet, telephone, and IPTV services, creating smart urban communities with modern infrastructure and sustainable designs in the New Administrative Capital and 6th of October City.
Zain Bahrain reported H1 2024 revenue of BD38.44 million, a 3.5% increase. Net profit fell 11.9% to BD2.42 million. Q2 net profit rose 2.6% to BD1.35 million, with stable revenue at BD18.93 million. Zain expanded business solutions, led in 5G innovation, and won awards for workforce development and leadership.
e& UAE achieved TM Forum’s Platinum Open API certification, the first in the MENA region to do so for 20 unique APIs. This milestone enhances connectivity, interoperability, and system portability. e& UAE’s Developer Portal offers free access to standardized APIs, fostering innovation. This certification underscores e& UAE’s commitment to digital transformation and technological excellence.
BNET and Huawei Bahrain have signed a MoU to enhance Bahrain’s fiber broadband experience. The partnership will deploy Huawei’s cutting-edge solutions, improving coverage for residences and businesses. This collaboration aims to position Bahrain as a global leader in fiber broadband, supporting the nation’s digital transformation and benefiting citizens and businesses alike.
Robi Axiata achieved a 341% year-on-year profit growth in Q2 2023, reaching Tk 1.07 billion, driven by revenue growth and cost efficiency. Despite economic and regulatory challenges, the telecom operator reduced its cost of revenue, expanded its subscriber base, and heavily invested in network improvements, while preparing for future market impacts.
Al Yah Satellite Communications Company (Yahsat) reported a 62% increase in H1 net income to AED269 million, despite a 3% revenue drop. EBITDA surged 25%, driven by growth in key segments. Yahsat’s strong cash position and future contracts secure long-term financial stability amid strategic pivots and upcoming satellite launches.
