Chinese social media giant Tencent Holdings Ltd will reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, the company said in a statement on Thursday. The reductions will apply beginning Sept. 1, 2021, and extend up to Sept. 30, 2024, the company added. In order to qualify for the […]
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Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country. The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, and defense and aerospace, Reliance said in […]
The United Arab Emirates (UAE) Artificial Intelligence Office and Dubai International Financial Center (DIFC) officially initiated its Artificial Intelligence (AI) and coding license to appeal to a global new wave of technology firms and coders. The license will give companies obtaining it the ability to work with the DIFC Innovation Hub, in addition to representing an estimate […]
Batelco and Omantel join five operators in the ground-breaking Open RAN MoU ABU DHABI, 02 March 2022: Middle East operators have opened the first regional community lab in collaboration with Telecom Infra Project (TIP) and Intel, following the signing of the Open Radio Access Network (Open RAN) MoU last year. The move will accelerate the implementation […]
Norway’s Telenor is planning to transfer $100 million held by its troubled Myanmar operations to the unit’s new buyers – an amount roughly equivalent to how much it will be paid over five years, three people with knowledge of the deal’s terms said. The previously undisclosed detail of the controversial sale underscores the urgency of […]
ABU DHABI, 28 February 2022: Etisalat UAE part of e& today announced the successful testing of Fibre-to-the-Room (FTTR) solution. The FTTR solution is a revolutionary technology for intelligent home networks providing a solid bedrock for enhanced digital capabilities for millions of consumers in the UAE. The FTTR solution also effectively eliminates challenges restricting speed limits […]
The World Health Organization (WHO) announced that the six African countries would obtain technology to tool them with the needed means to produce their own COVID-19 vaccines. In an effort to minimize global reliance on vaccine manufacturing from companies outside the continent, the WHO added Egypt, Tunisia, Kenya, Nigeria, Senegal, and South Africa would have […]
Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent. BP on Sunday said it […]
Japan’s Sega Sammy Holdings Inc is hoping to ride the fast-moving coattails of Sonic the Hedgehog as the character enjoys a renaissance amid a global scramble for entertainment content. This year sees the release of a sequel to a record-breaking Hollywood movie and a Netflix series, along with a title that Sega hopes will revive […]
Board propose dividend for H2 2021 of AED 0.4 per share representing a total dividend for FY2021 of AED 0.8 per share Abu Dhabi, 24 February 2022: Etisalat Group, now known as e&, today announced its consolidated financial results for the Full Year ending 31st December 2021. Financial Highlights for FY 2021 FY21 FY20 […]