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News

11 November 2014 06:43 PM GCC telecom firms’ profits rise 8% in 9M – analysis

The value of the information and communications technology (ICT) in the Middle East is set to jump from projected $15 billion in 2014 to $20 billion in 2020, backed by huge regional investments, as well as more state …

Financial Results

10 November 2014 00:32 PM Ooredoo reveals date for Sukuk profit repayment

Ooredoo announced today, Monday, that its wholly-owned subsidiary Ooredoo Tamweel Limited (OTL), shall pay its Sukuk holders’ periodic payment on December 3, 2014. This comes pursuant to the terms and conditions of the …

Bonds

29 October 2014 02:32 PM Asiacell revenue drops 10%

Qatari telecom provider Ooredoo announced financial results of its Iraqi unit Asiacell to the Iraqi Stock Exchange (ISX), reporting a net revenue decrease by 10% to QAR 4.80 million during the first nine months of 2014 …

Financial Results

28 October 2014 10:57 AM Ooredoo delivers net profit of QAR2.1bln in nine months

Ooredoo disclosed results for the nine months ended 30 September 2014 , where net profit to company's shareholders for 9M 2014 stood at QAR2.1 billion.Excluding the impact of Foreign Currency gains and losses in Opcos and Myanmar …

Company News

23 October 2014 10:45 AM Kuwait's Ooredoo profit dives by 50% in Q3

Ooredoo Kuwait, a subsidiary of Qatar’s Ooredoo, declared that its net income for Q3/FY14 has declined sharply by around 50%.The country’s No.3 telecom operator by subscribers said it posted a net profit of KWD7.9 million ($27.3 million) …

Financial Results

22 October 2014 02:42 PM Ooredoo Board to meet on October 27

Ooredoo Company has announced in a statement to the Dubai Financial Market (DFM) and Qatar Exchange (QE) that its Board of Directors will convene on Monday, October 27, 2014 at 1:30 pm to discuss and approve the Company’s third …

Banking and Finance

20 October 2014 10:47 AM Ooredoo Kuwait appoints Al-Marzouq as B2B Senior Director

Ooredoo Kuwait announced that it has appointed Hamad Al-Marzouq as the B2B Senior Director in the company’s sales division.Hamad Al-Marzouq has joined the company to further develop the growing sales portfolio. Al-Marzouq has over 10 …

Company News

7 October 2014 09:28 AM Ooredoo results to be announced late October

Listed on the Abu Dhabi Securities Exchange (ADX) and Qatar Exchange (QE), Ooredoo announced in its statement to the two exchanges today that it will disclose its financial statements for the third quarter of 2014, for the period …

Banking and Finance

17 September 2014 05:07 PM Ooredoo Kuwait says downsizing owed to restructuring

Ooredoo in Kuwait announced that, as a result of its increased focus on enabling business efficiency and improving how the company can serve customers more effectively, it needs to simplify its organization and resourcing.Ooredoo …

Company News

17 September 2014 10:12 AM Ooredoo Kuwait Cuts 165 Jobs As Market Share, Profits Shrink

Ooredoo Kuwait has cut 165 jobs, the Gulf country’s No.3 mobile operator by subscribers said on Tuesday, as its market share shrinks and profits fall.The job losses account for about 15 per cent of its workforce. According to the …

Company News

15 September 2014 11:55 AM Oman’s Nawras to rebrand Ooredoo in Q4-14

Oman Qatari Telecommunications Company (Nawras) has announced that it will rebrand to Ooredoo by the end of 2014 to fully integrate into one of the fastest growing global telecommunication brands, Nawras revealed in a press release …

Company News

10 September 2014 00:07 PM Nawras will undergo rebranding to Ooredoo by year end -official

Omani Qatari Telecommunications - Nawras said its ordinary general meeting has approved the board recommendation to enter into a brand licence agreement with Ooredoo IP, a related party.As a result, the company will change its brand from …

Company News

21 August 2014 10:19 AM Nawras Board to meet September 9 to enter Ooredoo brand agreement

In its statement to the Muscat Securities Market (MSM), the Omani Qatari Telecommunications Company (Nawras) announced that its Board of Directors will convene on Tuesday, September 9 at 3 pm to approve Nawras’s entering into a Brand …

Banking and Finance