Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Ooredoo Group posted a 6% profit rise to QR3.1 billion and upgraded its dividend policy following strong 9-month performance driven by regional growth, digital investments, and data centre expansion. Strategic ventures in towers, fintech, and AI-ready infrastructure continue to strengthen its MENA leadership.
Zain Group achieved record nine-month revenue of $5.4 billion (+15%) and net profit of $581 million (+31%), driven by strong data, fintech, and enterprise growth. With 51 million customers and a 16-year revenue high, Zain continues to lead digital transformation across the Middle East and Africa.
Vodafone Qatar posted a 13% rise in nine-month net profit to QR949mn, supported by 8.4% revenue growth across mobility, broadband, and managed services. EBITDA rose 8.5% to QR1.1bn, with RoE improving to 12.9%, underscoring the company’s focus on efficiency and sustainable shareholder returns.
Telecom Egypt’s Q2 2025 financial results will offer insights into its performance across fixed and mobile services, digital infrastructure, and cloud offerings, reflecting its pivotal role in Egypt’s telecom sector.
Grameenphone reports slight profit increase despite revenue fall in Q2 2025; tax reductions aided marginal growth. Subscriber and data user base grows slightly amid macroeconomic challenges. Company declares 110% interim dividend.
Mobily reported a 20.21% YoY increase in net profit for Q1-2025, reaching SAR 767 million. Revenues grew by 5.10% to SAR 4.77 billion, and earnings per share rose to SAR 1. Despite a quarterly decline, Mobily’s annual profit growth was notable, with a 39.20% increase for 2024.