e& has announced that its shareholders have approved the Board of Directors' recommendation to distribute cash dividends for the second half of 2022 at a value of AED 0.4 per share during the Group's Annual General Meeting (AGM). The total annual dividend per share stands at AED 0.8, demonstrating the Group's commitment to delivering value to its shareholders.
Ooredoo has partnered with Shell Oman Marketing Company SAOG (Oman Shell) to launch a unique customer promotion to win exciting gifts, from on-net calls to social and local data. On purchasing Shell Helix Lubricants, customers will receive a voucher card, and the code simply needs to be entered into the Ooredoo App to redeem one of the great prizes available. The promotion will take place at all Shell service stations across Oman from March 7 to April 30, 2023.
e& announced the signing of a binding agreement with Uber and its subsidiary Careem to acquire a majority stake in Careem’s Super App spinout.
Telecom Egypt announces that Eng. Mohamed Nasr Eldin Mohamed Ali has been appointed as Managing Director and CEO of the company to succeed Eng. Adel Hamed Ibrahim Gadallah. The board of directors (the “Board”) has accepted Eng. Adel Hamed’s request to be relieved of the position of Managing Director and CEO to assume a new role at the Ministry of Communications and Information Technology. However, Eng. Hamed will remain on Telecom Egypt’s board of directors as a non-executive member.
Ooredoo Qatar has implemented Reailize's Continuous Assurance (CA) solution to digitize their NOC and provide a single pane of glass into the health of their network, service and customer experience. It is another milestone in Ooredoo's strategy to transition from a network-centric to a service- and customer-experience-centric operational model.
Zain Saudi Arabia announced its financial results for the year 2022, achieving the highest revenues in the company’s history, amounting to SR 9.1 billion ($2.42 billion), compared to SR 7.9 billion in 2021, an increase of 15%. The company also scored its highest net profit of SR 550 million ($146.7 million), with a record growth of 157% compared to its 2021 profits. The company’s board of directors has recommended the distribution of cash dividends to shareholders for the year 2022 at 5% of the nominal share value.
Netcracker Technology has received the Chairman Award for Champion Partner of the Year from Vodafone Oman in recognition of its invaluable contributions during the mobile operator’s first year of operations. A partner from day one, Netcracker played a key role in supporting Vodafone to develop new products and services, expand its reach and strengthen its brand across the country. The award was presented to Netcracker during Vodafone Oman’s first-anniversary celebration.
e& and E-Space, a global space company focused on bridging Earth and space with the world’s most sustainable Low Earth Orbit (LEO) network, have announced plans to develop advanced global IoT, Smart-IoT and digital transformation solutions.
e& and Intel are collaborating to provide technologies that respond to the demand for a sustainable distributed edge data center infrastructure. Edge computing, which moves data processing closer to where users generate data, is fundamental for taking advantage of transformative technologies like edge-cloud artificial intelligence, 5G, video, online gaming, virtual reality and, in the future, 6G, immersive media and Metaverse. The collaboration between e& and Intel is focused on the deployment of edge data centers with a net zero carbon footprint.
The International Court of Arbitration of the International Chamber of Commerce (the “ICC”) released its findings in the arbitration case between Iraq Telecom Limited, a subsidiary of Agility Public Warehousing Company KSCP, and International Holdings Limited, an affiliate of Agility, as claimants, and Korek Telecom Limited and Sirwan Saber Mustafa Barzani, as respondents. The claims were in relation to allegations of fraud and corruption orchestrated by Korek Telecom Company and its controlling shareholder, Sirwan Saber Mustafa Barzani, with a view to unlawfully causing the expropriation of IT and IH’s $810 million investment in Korek Telecom.
