Financials

Banks poised to take over Turk Telekom next month
The take-over is part of a debt restructuring deal
Telecom Egypt signs $200 million financing deal
Deal signed with African Export-Import Bank managed by ADIB Egypt
Backchat: Value addition
VAS services could be a very good alternative for telecom operators to thrive in the digitally competitive landscape, says Hatim Bennani, general director ME & Africa, NTH Mobile
Artificial Intelligence to add $182 billion to UAE Economy by 2035, Accenture Research Shows
Financial services, healthcare, and transport and storage industries likely to see the biggest gains
Dentons advises Virgin Mobile Middle East on pre-IPO convertible Sukuk
Virgin is seeking funds to support growth and expansion
Vodacom sees 20% revenue growth from m-Pesa
Telco sees revenues of $1.85 billion procesed through the mobile money platform in the last financial year
du reports a 7.9% increase in net profits for Q1,2018
One-off reversal related to regulatory costs positively impacted company profitability and EBITDA and net profit after royalty increased by 18.2% and 40.5% respectively in Q1 2018