Dr. Tarig Enaya, Senior Vice President of the STC Enterprise Business Unit has revealed that smart cities-associated technology investments that will take place in the next four years worldwide will reach USD 158 billion by 2022 in accordance with the IDC Report. The figure is expected to reach USD 2.7 billion (SAR 10.125 billion) in the Middle East and Africa.

Read more: STC project that $10bn will be invested in smart cities

Emirates Integrated Telecommunications Company PJSC published its financial results for the nine months ended 30 September 2018, showing a 4.8% growth in revenue to AED 10.01 billion compared to the same period last year. Net profit after royalty was up 9.2% to AED 1.41 billion for the nine-month period, compared to AED 1.29 billion in the same period last year.

Read more: EITC reports strong growth in the first nine-month period

Zain Saudi Arabia (Zain KSA) has recorded its best-ever quarterly results since inception, for the three months ending 30 September 2018, with several key financial indicators showing record growth levels, reflecting the implementation of the operator's turnaround strategy. This milestone was achieved as the company celebrated a decade of commercial operation of mobile voice and data services in the Kingdom.

Read more: Zain KSA records highest quarterly net profit

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