GulfBase Live Support
Leave a message and our representative will contact you soon
07/08/2017 08:28 AST
Zain, Kuwait's biggest telecom operator by subscribers, reported flat second-quarter profits on Sunday.
The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 44 million Kuwaiti dinars (Dh535.1m) in the three months to June 30, it said. That compared with a profit of 44.7m dinars in the year period last year.
EFG Hermes had forecast a net profit of 39.8m dinars, while SICO Bahrain forecast a net profit of 36.7m dinars.
Zain said foreign currency conversions, mainly in Sudan, had cost the company US$58m in the first six months of 2017.
Second-quarter revenue was 261m dinars, down from 274.9m dinars a year ago.
In Kuwait, Zain competitors include Viva, an affiliate of Saudi Telecom Co.
Zain said in December it was in talks to sell its mobile transmitter towers to a consortium comprised of TASC SAL and ACWA Holding.
The National
23/03/2018
Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sab
Arab Times
15/03/2018
Zain, the leading telecommunications company in Kuwait, announced the launch of Zain Life, a new brand that offers customers a portfolio of innovative and flexible digital services and solutions in t
Arab Times
08/03/2018
Zain, a leading telecommunications provider in the Middle East and Africa, vowed to further expand focus on digital transformation and talent development, through signing a memorandum of understandin
Arab Times
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News