Saudi Arabia

Zain KSA refinances its SAR 5.9 billion existing Murabaha facility
The facility will be refinanced for five years at preferential terms, with an additional working capital facility of SAR 647 million for two years
STC inaugurates modern data centre in KSA
The data centre adheres to global data centre standards
Xiaomi’s Redmi Note 5 launches on SOUQ.com
The phone boasts exceptional photography capabilities
24% of STC’s total procurements are from SMEs
Rawafed programme aims to improve nationalisation figures amongst partners and enhance local content
Zain Group reports $137 million net profit and revenue growth of $864 million for Q1 2018
Data revenues grew by 10% for the quarter representing 26% of Group revenues, significant currency devaluation in Sudan continues to impact results
Saudi Arabia's ICT spend to reach $40 billion this year
Expanding networks mean greater cyber-security risks
STC: Nine new names have been elected to the Board
STC holds Ordinary General Assembly to finalise Board members, appoint external auditors
LinkedIn research breaks down myths related to skillsets of Saudi women
63% of Saudi women members have indicated completing Bachelor’s Degrees, exceeding other developed countries, such as the United States which comes at 57%. On the other hand, over 17% have completed a Master’s Degree.
STC reports a 2.1% increase in net income for Q1 2018
Acting CEO stresses that technological advancements associated to the information revolution would play a vital role as the key driver for digital transformation in the Kingdom by developing the required infrastructure for data and connectivity.
Mobily reports decreased loss and increased revenue for Q1
Growing revenues from data, better efficiency in managing operational expenses and reduced interconnection contribute to better performance for the Saudi operator

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