UAE telecom brand du, part of EITC, recently signed a memorandum of understanding at the FinTech Abu Dhabi summit with Abu Dhabi Global Market Financial Services Regulatory Authority, in the presence of Richard Teng, the CEO of Abu Dhabi Global Markets Financial Services Regulatory Authority and Hany Fahmy Aly, the Executive Vice President of Enterprise Business, EITC, to promote a FinTech ecosystem in the UAE.

Read more: du signs MoU with Abu Dhabi Global Market Financial Services Regulatory Authority

VIVA Kuwait, a subsidiary of Saudi Telecom Company (STC), published its third quarter earnings for 2017 showing a financial slump compared to the same period last year. VIVA reported net profits of KD 28.3 million (approx. US$ 93.5 million) during the nine month period ended 30 September 2017 compared to net profit of KD 29 million (approx. US$ 95.8 million) during the same period in 2016.

Read more: VIVA Kuwait reports Q3 net profit slump

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