Financials

Batelco aims for net profits in the range of BD40 - 45 million in 2018
Operator group's net profits for 2017 declined significantly though the company managed to grow its revenues organically for the first time since 2009
Apple iPhone generated a huge $61 billion in the quarter, helped by solid demand for its premium X model, and Apple now accounts for more revenue than the rest of the entire global smartphone industry combined.
AI could be key to moving the Middle East from its reliance on oil
The most significant relative gains in the region are expected in the UAE where artificial intelligence is expected to contribute almost 14% of GDP in 2030, followed by KSA (12.4%). The impact could be even larger if governments continue to push the boundaries of innovation and implementation of AI across businesses and sectors between now and 2030.
Zain Group’s net profit goes up by 16% in Q4, 2017
Sale of passive tower network to support investments in infrastructure and new technologies
Saudi to seize controlling stake in broadcaster MBC - sources
Officials plan to transfer ownership of 60% of the regional broadcaster
Saudi Football changes pitch from MBC to STC
The news comes just a few days after the release of Saudi businessman Waleed al-Ibrahim, who has management control of MBC. Reuters reports senior Saudi officials saying that Ibrahim agreed to an “undisclosed settlement after admitting to unspecified violations”.
Workz ranked as the number one scratch card producer yet again
Company aims to double its annual production capacity to over 100 million SIM cards
Cisco strengthens cloud strategy and collaboration portfolio with acquisition of Broadsoft
Cisco is paying $55 per share, in cash, for each share of BroadSoft common stock
Digital dominates as tech firms grab top spots on Global 500 list
Etisalat ranked as Middle East's most valuable brand
Federal Tax Authority: Businesses can trade without a tax certificate
A provisional Tax Registration Number is sufficient for commercial activities