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FINANCIAL NEWS
Qatar’s Ooredoo posts USD 2.16bn revenue in Q1
28 Apr 2016
(*MENAFN) Ooredoo Group revenue reached USD 2.16bn in Q1 of this year, supported by strong revenue growth in Oman, Indonesia, Myanmar and Kuwait.
Moreover, the Group net profit to Ooredoo shareholders grew by 75 percent to USD 241.18mn due to the positive foreign exchange impact in Indonesia and Myanmar.
Additionally, the Group’s customer base touched 118mn at the end of the cited quarter, a 6 percent or 7mn yearly increase, trailed by strong acquisition in Myanmar.
Data income grew more and covered 38 percent of whole Group revenue, due to Ooredoo’s focus on network expansion and modernization.
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20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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