Telecom Egypt announces that Eng. Mohamed Nasr Eldin Mohamed Ali has been appointed as Managing Director and CEO of the company to succeed Eng. Adel Hamed Ibrahim Gadallah. The board of directors (the “Board”) has accepted Eng. Adel Hamed’s request to be relieved of the position of Managing Director and CEO to assume a new role at the Ministry of Communications and Information Technology. However, Eng. Hamed will remain on Telecom Egypt’s board of directors as a non-executive member.
Zain Group, a leading mobile telecom innovator in seven markets across the Middle East and Africa, announces its consolidated financial results for the full-year 2022 and fourth quarter ended December 31, 2022. The Group ended the year with a customer base of 52.4 million, an annual increase of 7%, reflecting an addition of 3.5 million customers.
Zain Saudi Arabia announced its financial results for the year 2022, achieving the highest revenues in the company’s history, amounting to SR 9.1 billion ($2.42 billion), compared to SR 7.9 billion in 2021, an increase of 15%. The company also scored its highest net profit of SR 550 million ($146.7 million), with a record growth of 157% compared to its 2021 profits. The company’s board of directors has recommended the distribution of cash dividends to shareholders for the year 2022 at 5% of the nominal share value.
etisalat by e& announced the implementation of the EUTELSAT QUANTUM satellite solution, becoming the first telco in the country to expand 5G network capabilities over a software-defined satellite giving customers access to high speeds, enhanced coverage and scalability to meet future demands for high bandwidth applications.
e& and E-Space, a global space company focused on bridging Earth and space with the world’s most sustainable Low Earth Orbit (LEO) network, have announced plans to develop advanced global IoT, Smart-IoT and digital transformation solutions.
Ahead of issuing its environmental, social and governance (ESG) report for 2022, Ooredoo Group has announced the great strides it has achieved in its Socially Responsible Investing, a key facet of ESG.
The International Court of Arbitration of the International Chamber of Commerce (the “ICC”) released its findings in the arbitration case between Iraq Telecom Limited, a subsidiary of Agility Public Warehousing Company KSCP, and International Holdings Limited, an affiliate of Agility, as claimants, and Korek Telecom Limited and Sirwan Saber Mustafa Barzani, as respondents. The claims were in relation to allegations of fraud and corruption orchestrated by Korek Telecom Company and its controlling shareholder, Sirwan Saber Mustafa Barzani, with a view to unlawfully causing the expropriation of IT and IH’s $810 million investment in Korek Telecom.
e& announced its partnership with Code.org, a global independent and non-profit organization, to join the international movement to encourage and promote the teaching and raise awareness of computer science for the next generation of students and academics in UAE and its operating markets in the Middle East, Asia and Africa.
Omantel and UAE’s du, from Emirates Integrated Telecommunications Company (EITC), have come together to link the Sultanate of Oman and UAE through a newly activated 275 km international fiber optic submarine cable named the Oman Emirates Gateway (OEG) that will meet the evolving market demands, scale up speed, expand connectivity, deliver enhanced customer experience and provide wider commercial offerings.
In order to respond to the prospects of modern trade, develop services and improve the customer experience in the Sultanate of Oman, Omantel, a leading provider of communications solutions in Oman, previously announced its collaboration with Amazon Web Services to build an online marketing platform in the country that aims to both support the digital transformation and enhance the digital economy in the Sultanate.
