Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]
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Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle. Mattis’ appearance came during the sixth day of […]
Chinese watchdogs backed their regulatory scrutiny on their tech sector as they spoke on Tuesday with Wall Street executives disclosing that regulations are meant to enforce tech companies, not crush them. Fang Xinghai, China’s Securities Regulatory Commission Vice Chairman, told the executives that the government’s latest conduct on tech firms was aimed to enhance their regulations, in addition to bolstering national security and data privacy. […]
U.S. Commodity Futures Trading Commission (CFTC) sharpens its regulatory gaze as it initiated a condensed investigation into cryptocurrency trading platform Binance Holdings Ltd. for probable crypto exchange abuse for insider trading and market manipulation, according to Bloomberg. It seems that even though not everyone can stand its probing scrutiny, the U.S. is feeding its recently found […]
When people hear the word robot, it is their interests that shape the image in their head. Engineers may imagine a shiny factory line with hundreds of mechanical appendages picking away at the conveyer belt, while sci-fi fans may imagine Star Wars’ R2D2’s snarky squeaking voice giving their owner attitude while on the job. The […]
Finnish vendor Nokia and Indonesia’s operator Indosat Ooredoo jointly announced on Friday the initial release of commercial 5G services in the Indonesian city of Surabaya, with prospective future data center initiatives could be in the making for the metropolis city. Under operating conditions terms, Indosat Ooredoo’s userbase will be granted a variety of advanced enterprise […]
Scholars and Academics at Dubai’s University of Birmingham are set to revel in the United Arab Emirates (UAE) most advanced and innovated on-site data center with elevated performance signifying the University’s pursuits of creating a green, energy-efficient on-campus ecosystem. With a direct connection to the University of Birmingham’s UK campus, the site will provide fast […]
Qatar’s Ooredoo and Hong Kong’s CK Hutchison announced on Thursday a $6 billion merger deal that will look to combine Indosat Ooredoo and Hutchison 3 Indonesia (H3I) under a unified telecoms entity labelled “Ooredoo Hutchison Asia.” Both companies highlighted that the deal would set the stage to accelerate fierce competition in the telecoms and internet […]
India’s Union Cabinet approved on Wednesday a profusion of the eagerly anticipated relief package aiming to support the country’s distressed telecom sector by providing the option of converting interest on spectrum dues into government equity. Prime Minister Narendra Modi’s Union Cabinet confirmed nine structural reforms and five process reforms leading to a transformation of India’s […]
Apple unveiled its next iPhone line-up, including a model that offers twice the storage available in earlier versions and other modest upgrades to last year’s editions that proved to be a big hit among consumers devouring the latest technology during the pandemic. The pre-recorded video event streamed Tuesday gave Apple a chance to present a […]