The financial results come as the telecom provider ramps up investments in 4G and 5G network upgrades expansion, as well as its aggressive approach to venturing out of the telecom space
Zain
Latest in Zain
digital infrastructure
Zain Global to link Middle East to France through the Jeddah-to-Marseille undersea cable project
The project marks Zain Global Connect’s first subsea cable ownership and is a part of the Pakistan and East Africa Connecting Europe (PEACE) cable system, which is a 15,000km-long cable system that provides open, flexible, and carrier-neutral services for its customers
Dubai
Video streaming service iFlix to shut down Middle East operations
Malaysia-based iFlix said it’s exiting the region to concentrate on south east Asia market
AI virtual assistant
Kuwait to introduce virtual telecom operator licence
Virtual telecom operators will lease capacity from traditional operators including Zain, Ooredoo and Viva
CIBC
Zain KSA agrees $600m Murabaha facility
Deal to refinance existing $600 million facility with Commercial and Industrial Bank China
Telecoms
Telco Zain reports strong revenue, profit growth in Q1
Telecoms operator Zain Group says Q1 results would have been stronger but for currency fluctuations that hit Sudan unit
Action Hotels
Action Hotels’ Sheikh Mubarak leads winners at Arabian Business Kuwait Awards
Arabian Business Kuwait Awards 2019 event honours the country’s finest business leaders, entrepreneurs and thought-leaders
court system
London judge says Saudi prince should be jailed for contempt
Prince Hussam Bin Saud Bin Abdulaziz Al Saud, a former chairman of Zain Saudi Arabia, should be imprisoned for a year, says judge sitting in London
Loan
Zain Saudi Arabia refinances $1.5bn loan deal
Telecoms operator says new agreement includes additional liquidity to fund digitally focused growth plans
Muslim refugees
Zain Ramadan advert causes social media stir
Kuwaiti telco’s ad has amassed over 4.7 million views on YouTube since first being published last week