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Sponsor News
Legrand
Legrand boosts data centre safety through its collaboration with Starline
This week Legrand unveiled Starline’s latest innovation, the Remote Plug-in Actuator. This first-of-its-kind product will be central to data centre makeup and safety. As end-user demand rises exponentially for high-performance computing (HPC) applications and AI development, data centres are becoming increasingly power-hungry and the need for effective solutions to mitigate potential hazards has never been more important…this is where the Remote Plug-in Actuator comes in…Read more
Industry News
Saudi Arabia
PIF partners with STC to create Saudi’s largest tower provider in the Middle East
Saudi Arabia’s sovereign wealth fund, PIF, has acquired a 51% stake in STC Group’s Tower Communication Company (Tawal). Valued at $5.85Bn, Tawal is the largest telecoms infrastructure company in the Kingdom; and after the consolidation of Tawal and Golden Lattice Investment Company (in which PIF are majority shareholders), they are set to become the largest telecoms company in the GCC. The tower company is expected to garner annual revenues of $1.3Bn and comprise of 30,000 towers across Saudi Arabia – establishing a consolidated platform on which the telecoms sector can flourish while simultaneously accelerating the goals of Saudi Vision 2030…Read more
UAE
e& Carrier & Wholesale launch Roaming-as-a-service
Designed to address challenges faced by mobile network operators, e& has launched a new roaming-as-a-service (RaaS) platform, giving third-party network providers a direct route to address gaps in their roaming capabilities. By allowing access to e&’s scale, reach, and off-net connectivity, providers are offered the chance to achieve global roaming coverage, streamlining their business model and allowing focus on their core businesses whilst offering their customers seamless global connectivity…Read more
Al Etihad launches Open Finance
Partnering with G42, Al Etihad Payments has launched its Open Finance service; further cementing the UAE as the strongest open finance mechanism in the world. Utilising G42’s AI capabilities, this platform gives customers the power and tools to securely share their financial data and initiate financial transactions via third parties. This innovative new technology allows financial services to become more customer-centric and seamlessly combine with other industries’ digital ecosystems to transform their services…Read more
Middle East
UAE and Oman sign USD$35Bn worth in deals
Oman and the UAE have announced a host of new investment and collaboration deals valued at $35Bn, covering areas including renewable energy and digital infrastructure. Among the deals is an industrial and energy mega-project worth $32Bn, focused on renewable energy and green metal production. This project follows the recent partnership between Abu Dhabi’s sovereign wealth fund (ADQ) and the Oman Investment Authority (OIA) which facilitated the launch of a $180Mn technology-focused fund. The Jasoor Fund, designed to boost Oman’s digital economy, will invest in high-growth tech companies and help achieve the GCC’s combined efforts to digitally transform their economies and become global incubators for technology…Read more