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Latest IT and Telecoms News

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ATIC to Increase Stake in AMD


Middle East : 09 March

The Chief Executive of Abu Dhabi government controlled Advanced Technology Investment Company; Ibrahim Ajami has announced plans to increase the company’s stake in Global Foundries from 68 per cent to 70 per cent to take over the complete AMD stake in the chip manufacturer. Ajami told that ATIC intends to purchase the remaining stake through a capital call process during the next 3 to 4 years. The plan is to ensure that Global Foundries is adequately capitalized and AMD is an attractive proposition for acquisition.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
09 March

Growth Opportunities to be Discussed by Major Telecoms Operators

Chief Executives of Etisalat, Tata Communications, Vodafone, Telecom Egypt and Qtel as well as other big telecoms operators will meet at the TMT Finance and Investment Middle East annual Round Table to discuss growth opportunities on April 26-27 in Doha. Karim Sabbagh, Global Practice leader of Telecoms at Booz and Company, will be facilitating the [...]

08 March

Sharp Aims to Double its Turnover in the Next 5 years in the Middle East

Sharp Middle East FZE (SMEF) has disclosed a plan to expand its business solution products segment by 20% in 2010, and double its turnover in the next 5 years.
Sharp is a leading manufacturer of Multi-Function Copiers and Printers has established the standard in printing throughout the world. Sharp has also been offering its technology as [...]

08 March

2.8 Billion Qatari Riyal Profit Earned by Qtel Group

Qatar Telecom (Qtel) Group has announced the highest ever net profit of 2.8 billion Qatari Riyal in 2009 showing a remarkable growth of 21% over the last year. The group increased its Earnings per share (EPS) by 7.2% from 17.68 Qatari Riyal in 2008 to 18.95 Qatari Riyal in 2009.
Group’s revenues increased by 18.20% from [...]

06 March

Aspen Tech Appoints New Agents in Abu Dhabi and Kuwait

US-based Aspen Technology, Inc has declared the appointment of new commercial agents in the Middle East, Independent Technical Services (ITS) in Abu Dhabi and Arabesque Group in Kuwait. The appointment was preceded by the recent opening of a regional direct sales office in Manama, Bahrain. Aspen Tech is a software supplier to optimize process manufacturing [...]

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