Telecom

Kuwait’s Zain Group reports lower third-quarter profit

Dubai - Muslimchronicle

Zain Group’s net income declined 7 percent in the third quarter, which the Kuwait-based telecom group said was largely due to the devaluation of the Sudanese pound. Zain, which operates in eight countries in the Middle East and Africa, made a net income of 40 million dinars in the three months to September 30, compared with 43 million dinars inRead more

Ericsson sees signs of improvement after fourth straight quarterly loss

Stockholm - Muslimchronicle

Mobile network gear maker Ericsson said it had detected signs of improvement after posting a steeper than expected quarterly loss on Friday, helping send its languishing shares up as much as 5 percent. Once the world’s top maker of mobile network equipment, Sweden’s Ericsson faces a declining market for older network 2G, 3G and 4G gear while needing to stepRead more

Oman’s first Smart Office and Solar Exhibition receives tremendous response

Muscat - Muslimchronicle

Oman’s first exhibition for Smart Office and Solar Energy conducted in Sohar was a grand success with scores of exhibitors securing business deals. Organised by Wadi Nile Exhibition & Festival Organisers, the Smart Offices and Solar Exhibition conducted on September 24 and 25 at Oman Exhibition Centre in Sohar had resulted in 16 participating companies securing good business deals. Further,Read more

Phone networks update carrier names to welcome Saudi National Day

Jeddah - Muslimchronicle

Phone companies in Saudi Arabia updated their carrier names on customer phones, ahead of the Kingdom’s national day on Saturday. Saudi Telecom Company (STC) and Mobily, the two largest phone firms in Saudi Arabia, updated their carrier names on devices garnering praise on Social media. STC customers now see 'LOVE U KSA’ when they check their phone’s status bar withRead more

Saudi Telecom second-quarter profit up 8%

Dubai - Muslimchronicle

Saudi Telecom Company (STC) reported an 8 percent rise in second-quarter profit on Wednesday, broadly in line with the average forecast of four analysts. The former monopoly, which competes domestically with Etihad Etisalat (Mobily) and Zain Saudi, made a net profit of SR2.38 billion in the three months to June 30. This compares with a profit of SR2.20 billion inRead more

Saudi Stock Market Closes at Ten-Session Low

Riyadh - QNA

The Index (TASI) lost 0.74 percent or 52.26 points, and closed at the level of 7,046.38 points, its lowest level in 10 sessions. The Saudi Stock Exchange (Tadawul) ended Sunday’s trading in the red zone for the fifth consecutive session. Traded values decreased by 18.33 percent to SR 3.37 billion from SR 4.14 billion on Thursday, reaching its lowest figureRead more

Sprint Pledges 5,000 US Jobs In 15 Months

Washington - Arab Today

Telecom firm Sprint said it will create 5,000 US jobs over the next 15 months, and pledged on Wednesday to work with President-elect Donald Trump to boost the US economy. Trump first made the announcement at his luxury Florida resort Mar-a-Lago, telling reporters that Sprint called him with the news. “We just had some very good news,” he said. “BecauseRead more

UAE telecom regulator to participate in RSA Conference 2016 Abu Dhabi

Abu dhabi - WAM

The Telecommunications Regulatory Authority (TRA) has announced its participation at RSA Conference 2016 Abu Dhabi, held in partnership with the UAE National Electronic Security Authority (NESA) from 15-16th November. Acting Deputy Director-General of Information and eGov Sector, TRA, Mohammed Al Zarooni, will deliver the opening keynote session. "The TRA plays an integral role in ensuring that electronic conversations within theRead more

Kenya's Safaricom woos foreign investors back to bourse

Nairobi - XINHUA

Kenya's leading telecom operator, Safaricom edged up 0.32 percent to trade 25 million shares on Wednesday at a new high of 0.18 U.S dollars as the telecom lifted turnover at Nairobi Securities Exchange (NSE) for the second day running. The telecom mainly attracted inflows, wooing foreign investors back to the bourse. Some 47 million shares worth 10 million dollars wereRead more

France Telecom execs may be tried over suicides

Paris - AFP

French prosecutors have called for telecommunications giant France Telecom, now renamed Orange, and its former executives to face trial over a wave of employee suicides, an investigation source said Thursday. After a probe lasting seven years, prosecutors have asked an investigating judge to bring harassment charges against the company and its former chief executive Didier Lombard, the source told AFP.Read more