October 4th, 2019 | 0 commentsJebel Ali Free Zone has cooperated with Emirates Telecommunications Group Company (Etisalat) to showcase 5G technology to a group of officials and employees. The cutting edge technology was demonstrated onboard through an Etisalat-Ericsson co-branded bus for DP World Officials, business leaders, and employees, according to a company state...
October 1st, 2019 | 0 commentsAbu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, on Monday announced it has launched Samsung Pay, the mobile payment and digital wallet service for its Visa covered cardholders. Samsung Pay is only compatible with Samsung devices and is the first mobile wallet system to be adopted by ADIB, according to a press re...
September 30th, 2019 | 0 commentsBloomberg, the global business and financial information and news leader, announced that it will host its Capital Markets Forum in Abu Dhabi for the first time on 2 October 2019. The first Bloomberg Capital Markets Forum Abu Dhabi aims at bringing together private and public finance sector leaders from the UAE and beyond, according to a p...
September 30th, 2019 | 0 commentsBloomberg, the global business and financial information and news leader, announced that it will host its Capital Markets Forum in Abu Dhabi for the first time on 2 October 2019. The first Bloomberg Capital Markets Forum Abu Dhabi aims at bringing together private and public finance sector leaders from the UAE and beyond, according to a p...
September 23rd, 2019 | 0 commentsTelecom Egypt announced that it has no short-term plans to float an additional stake on the Egyptian Exchange (EGX). The major shareholder in the Egyptian telecom operator said that listing an additional stake is still under consideration, according to a statement to the Egyptian Exchange (EGX) on Sunday. During the first half of 2019, Te...
September 19th, 2019 | 0 commentsDubai Cultiv8 Investments Limited, a wholly-owned subsidiary by Mohammed Bin Rashid Fund for SME, announced a multi-million dollar investment in Wahed Invest, a New York-based Halal-focused investment firm. The investment has been pumped into the US-based Shariah-compliant digital investment advisor through Dubai Cultiv8’s $100 million te...
September 19th, 2019 | 0 commentsEmirates Telecommunications Group Company (Etisalat) has acquired 100% of cybersecurity company Help AG, according to a bourse statement released on Wednesday. The deal is in line with Etisalat’s strategy to enhance and diversify its digital portfolio, Etisalat commented. As per the statement, the closure of the deal will be subject to th...
September 18th, 2019 | 0 commentsTelecom Egypt has spent about $3 billion to improve internet services from 2014 to date, the company’s CEO and managing director Adel Hamed said. Over the last two years, the state-run telecom operator spent $2 billion on Egypt’s internet infrastructure as part of the government’s plan to achieve digital transformation, Hamed added on the...
September 17th, 2019 | 0 commentsEgyptian bus-sharing app Swvl aims to raise above $100 million in a new financing round during the first half of 2020 as part of its plans to reach a valuation of more than $1 billion over the coming five years, the start-up’s CEO Mostafa Kandil told Reuters. The ride-hailing technology start-up also plans to launch its services in 10 to...
September 16th, 2019 | 0 commentsEmirates Integrated Telecommunications Company (EITC), on Sunday announced it has appointed Johan Dennelind as its new Chief Executive Officer (CEO). Johan will be EITC’s CEO in early 2020, replacing Osman Sultan who recently announced his decision to step down, according to a press release. Mohamed Al Hussaini, EITC Chairman, commented:...
