Friday 25 April 2014
 
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Tech firms to fund OpenSSL improvements

The world's biggest technology companies have agreed to donate millions of dollars to set up a group that will fund improvements in open source programs like OpenSSL, the software whose "Heartbleed" bug has sent the computer industry into turmoil. Amazon.com, Cisco

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GCC nations among top 30 for network readiness

Qatar, the UAE and Bahrain have been ranked in the top 30 for the third consecutive year in an annual global technology survey for network readiness index 2014. Qatar is ranked at number 23, followed by the UAE at 24, while Bahrain claims the 29th place, according to a report in

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Saudi Telecom picks banks for debut sukuk

Saudi Telecom Co (STC) , the Gulf's biggest telecom operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday. It has chosen JP Morgan Chase, Standard Chartered and the investmen

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Oman raises $530m in Omantel stake sale

Oman's government raised nearly 204 million rials ($530 million) from its sale of a 19 percent stake in Omantel, part of efforts to revive its privatisation programme, a Muscat bourse statement said on Wednesday. The government's holding in the telecommunications operator

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BT, Viva to build major interoperability hub in Bahrain

BT, one of the world’s leading providers of communications services and solutions, has signed an agreement with Viva Bahrain, a leading mobile operator in Bahrain and a subsidiary of Saudi Telecommunications Company (STC), to build a Global IP Exchange (GIPX) interoperability hub in Bahra

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Major technology expo opens in Bahrain

The Bahrain IT Expo 2014 opened yesterday (April 22) with more than 80 exhibitors, resulting in the doubling of exhibition space to accommodate the increased local and international demand. The two-day expo at the Bahrain International Circuit's (BIC) Paddock Hall was inaugur

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Dubai VC to fund Zulubiz.com

World Tech Sigma, a Dubai-based venture capital firm, has entered into a definitive agreement with Seattle-based Zulubiz.com to become the latter's principal funding agent. Zulubiz.com has exclusive rights to a unique mobile marketing platform that connects consumers with bus

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Etisalat offers 'lowest rate' for calls to mobiles

Etisalat, the UAE’s leading telecommunication services provider, has launched two new bundles offering as low as 20 fils per minute calls from Etisalat home telephone to any mobile network in the UAE. Claimed to be the lowest rate in the UAE, this is available to all eLife

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Microsoft showcases at Bahrain IT expo

Microsoft Bahrain is showcasing its latest technology innovations at the two-day Bahrain IT Expo starting today (April 22) at the Bahrain International Circuit. "The new generation of products and solutions is available on interactive demonstration stations, with experts on

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Mobily Q1 net profit rises 4.5pc

Etihad Etisalat (Mobily), Saudi Arabia's No 2 telecom operator, missed forecasts with a 4.5 percent increase in first-quarter net profit on Monday, as depreciation expenses rose. Mobily, an affiliate of the UAE-based Etisalat, made a first-quarter net profit of 1.4 billion ri

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