08/03/2018 05:07 AST

Zain, a leading telecommunications provider in the Middle East and Africa, vowed to further expand focus on digital transformation and talent development, through signing a memorandum of understanding (MoU) with Huawei Technologies. The signing took place during MWC 2018 in Barcelona in the presence of Zain Vice Chairman and Group CEO, Bader Nasser Al-Kharafi and Guo Ping, rotating CEO of Huawei.

Under the terms of the agreement, Huawei and Zain will establish a Joint Innovation Team to explore collaboration opportunities in digital transformation. Both companies are committed to combine their expertise to advance in the field of testing and deploying 5G technologies. In addition, Zain will work closely with Huawei to rollout exciting and compelling innovative solutions to enrich the enterprise market, e.g. Smart Cities and digital services. Also, the cooperation will see both entities focus on exploiting the vast opportunities in cloud services and gaming, both key growth areas for Zain.

The MoU also has an element of corporate social responsibility; Zain and Huawei will collaborate to achieve a plan for the development of youth talented workforce, a key focus area as new technologies continue to develop across the Middle East.

Bader Al Kharafi commented, "Our goal at Zain Group is to ensure that our clients enjoy a world-class user experience and benefit from the most cutting-edge products and solutions. We believe that our strategic partnership with Huawei will help us continue to deliver outstanding services to our customers and further bolster our transformation to be a leading digital lifestyle operator."

Guo Ping added, "Once again, we are proud of our strategic partnership with Zain Group. It is vital for people and organization to have access to intelligent and agile telecommunication infrastructure in order to stay competitive in an increasingly digital world. By partnering with Zain, we hope to deliver the most technologically innovative infrastructure to the Middle East as well as develop the digital skillsets of the region's future leaders."

This is not the first instance of collaboration between Huawei and Zain. Throughout the Middle East, Huawei and Zain have been strengthening their strategic partnership across various technology initiatives. In 2016, the two companies signed a strategic agreement to enhance the efficiency of the telco networks through NFV/SDN solutions by the year 2020. In May 2017, Zain and Huawei held the fourth annual Zain-Huawei MBB Summit under the theme of "4G Evolution Towards 5G. The summit resulted in another strategic MoU between Zain and Huawei promising further collaboration in the field of 5G.


Arab Times

Zain Group supports Kuwait Investment Forum 2018

23/03/2018

Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sab

Arab Times

Zain Life, new portfolio of innovation and digital solutions

15/03/2018

Zain, the leading telecommunications company in Kuwait, announced the launch of Zain Life, a new brand that offers customers a portfolio of innovative and flexible digital services and solutions in t

Arab Times

Zain Group, Ericsson create roadmap to 5G

02/03/2018

Zain Group and Ericsson (NASDAQ: ERIC) have announced they have signed a Memorandum of Understanding (MoU) to jointly develop and test selected 5G and Internet of Things (IoT) cases. The MoU, signed

Arab Times

Ticker Price Volume
NAYIFAT 13.94 229,739
ALRAZI 43.00 800
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ABC 0.35 370,000
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
ZAIN Sector Market
Price/BookValue
Dividend Yield (%)
Ticker Price Change
EAND 18.62 0.02 (0.10%)
ORDS 11.27 -0.18 (-1.58%)
OOREDOO 1,051.00 12.00 (1.15%)
STC.KW 550.00 2.00 (0.36%)
VFQS 1.83 -0.02 (-1.03%)
EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula