DUBAI / Reuters Saudi Arabia’s two biggest telecom operators reported weaker third-quarter earnings on Wednesday, as the cost of implementing a government initiative to register fingerprints with phone numbers weighed on both providers. A 7.5 percent drop in profit at market leader Saudi Telecom Co’s (STC) represented a continuation of an earnings slump which has now seen it report ...

  Reuters Egypt’s economy is likely to grow 3.5 percent in the 2016/17 fiscal year, missing the government’s target of around 5 percent and falling below last year’s growth rate, a Reuters poll showed. The poll, which surveyed 17 analysts, found growth would pick up only slightly to reach 3.7 percent the following fiscal year. Egypt has been struggling to ...

  Bloomberg Saudi Electricity Co., the dominant electricity provider in the Arab world’s biggest economy, reported its best quarterly profit in more than a decade after the state-controlled utility raised prices following subsidy cuts. Third-quarter net income surged to 4.4 billion riyals ($1.2 billion) from 2.92 billion riyals in the year-earlier period, the company said in a statement to the ...