Beyon, a leading telecom company and digital enabler in Bahrain, has reported a 7% increase in its Q2 net profit hitting BD18.3 million ($48.5 million), while its quarterly revenue broadly stood flat at BD126 million ($331 million) supported by higher revenue and operational efficiencies.
Leading UAE telco e& Group has recorded strong growth in its consolidated revenue for the first six months of the year hitting AED38.1 billion ($10.3 billion), an increase of 11.6% over last year. The positive momentum was reflected in its consolidated net profit, which soared to AED6 billion ($1.6 billion).
Meta Chief Executive Mark Zuckerberg believes billions of people will be using personal AI agents within the next five years, as the technology evolves from today's chatbots into intelligent digital companions capable of managing many aspects of daily life.
Saudi Telecom Company (stc) has delivered solid H1 results recording a 3.8% jump in its revenue for the six-month period hitting SAR40.11 billion ($10.7 billion), while gross profit increased 5.3% to SAR19.64 billion ($5.1 billion), driven by growth across its telecom and digital businesses.
stc pay Bahrain, Bahrain's most innovative and accessible mobile wallet for digital financial transactions, has partnered with PayPal, a global leader in digital payments, to launch seamless cross-border fund transfers, enabling customers to link their PayPal accounts directly to the stc pay app and move funds between both platforms.
Technology company Robo.ai has joined hands with Abu Dhabi-based Eleven International Holdings to set up a new venture, Alif Holding, that will develop intelligent software and smart equipment for government, infrastructure and industrial sectors across GCC and other key global markets.
Uptime Institute and Tech964 Holding Limited (T964), Iraq’s leading digital infrastructure company, have announced a landmark strategic partnership to accelerate Iraq’s digital transformation.
Saviynt, a leading provider of identity security solutions, announced significant business momentum, surpassing $300 million in annual recurring revenue while growing bookings by more than 80% and maintaining a leading 96% customer retention rate.
e& Carrier & Wholesale Services (C&WS), the international wholesale arm of global technology group e&, and Globe, a leading telecommunications operator in the Philippines, today announced a strategic partnership for the management of Globe’s international voice traffic.
Cisco has introduced Antares, a family of small language AI models (SLMs) purpose-built to tackle one of the most difficult and time-consuming challenges in cybersecurity: finding hidden security flaws within software codebases, on-premises, without externalising organisations’ data.
