Kuwait's Zain Group reported a 5% year-on-year consolidated revenue drop for the full-year 2017 to reach US$3.4 billion. The company's consolidated EBITDA for the period decreased by 19% year-on-year to reach US$1.37 billion. Zain Group Chairman Mohannad Al-Kharafi noted the "various operational, regulatory, social and forex challenges we face across our footprint."

Read more: Zain Group struggles with currency devaluation in Sudan

Alfa welcomed the New Year by celebrating 2017 milestones during an evening held at Biel in Downtown Beirut, Lebanon. The celebration was held under the theme #LebanonCelebrates focusing this year on the concept of the Lebanese village and the importance of attachment to the land, which is rooted in Alfa's culture.

Read more: Alfa welcomes New Year by celebrating 2017 milestones during #LebanonCelebrates

UAE telecom provider Etisalat has launched a new payment service for the Small and Medium Business (SMB) segment in the UAE. The new service, Mobile Cashier, allows for easy on boarding and affordable mobile point-of-sale that enables SMBs to accept card payments from their customers, while enjoying mobile business plan benefits anywhere in the UAE, the company said.

Read more: Etisalat launches new payment service for UAE SMBs

Saudi Telecom Company (STC) reported an annual net profit increase of 14.3% compared to the previous year, for the period ending 31 December 2017, to reach SR 10,174m. Gross profit for the year reached SR 29,555m, an increase of 3% compared to the previous year. STC CEO Dr. Khaled Biyari touted the company's cost optimization initiatives and the shift in its strategy with a clear focus towards digitization.

Read more: STC publishes strong results despite lift on VoIP

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