Gulf Bridge International (GBI), a global cloud, connectivity and content enabler, announced the finalization of a significant loan refinancing deal that will allow the company to explore new business and investment opportunities and to further support its successful transformational journey. GBI sealed QAR1 billion (US$285 million) loan refinancing deal with a major financial house in Qatar and the Arabian Gulf.
Integrated Telecom Company (ITC), the leading Information and Communications Technology Company has signed an agreement with the Communications and Information Technology Commission (CITC) to implement the high-speed fiber optic broadband initiative.
du has received prestigious recognition for its Cloud and Managed Security Services during two awards ceremonies this May. The telecommunications provider was recognized as the Best Managed Security Services provider in the Middle East by Fortinet, a global leader in high performance cyber security solutions. du was also awarded the Best Cloud Infrastructure Provider at the Cloud MENA Awards held recently.
du has entered into an agreement with Dubai Economy to educate consumers, brand owners and commercial agencies about consumer confidence and empowerment. The agreement was recently signed between Mohamed Ali Rashed Lootah, Chief Executive Officer of Commercial Compliance, Consumer Protection (CCCP) sector in Dubai Economy, and Ahmad Aburahima, Senior Vice President, Government Relations at du.
Thousands of institutions around the world were subject to a series of "WannaCry" ransom attacks over the weekend (starting Friday, May 12), causing data to be encrypted with a claim for payment. The virus was a malicious program that affects smartphones and computers, encrypts and locks their data so that it cannot be accessed until payment is made.
The Telecommunications Regulatory Authority (TRA) signed a new strategic partnerships agreement with a number of institutions and organizations in the UAE. It signed a partnership agreement with "Etisalat" and "du" at its headquarter in Abu Dhabi in the presence of representatives of the two companies. The agreement is part of the TRA's plan of action aimed at achieving the objectives of the UAE National Vision 2021, to raise the country's ranking among the top 10 countries in the "National Readiness Index" (NRI) in the World Information Technology Report.
The Communications Regulatory Authority (CRA) has conducted its first round of inspections for 2017 of shops selling telecommunications devices & equipment and issued a total of 159 written violation notices for shops practicing such activities without having the required license.
Mahindra Comviva announced the launch of a chatbot based Caller Ring Back Tone (CRBT) solution to assist subscribers in finding and availing the right content and price points for various offerings.
The chatbot aims to provide an intuitive interface with inbuilt recommendation engine capability to suggest content based on usage trends. Its cloud based deployment will help the operators to roll this out rapidly.
MTN Group signed a non-binding preliminary agreement to invest approximately R540 million into Iranian Fixed Broadband Provider, Iranian Net, for a 49% stake, with further investments of approximately R3,4 billion in both equity and loans to facilitate Iranian Net, meeting its rollout targets over the next five years.
In a development that is going to provide further impetus to the growth of the UAE as a burgeoning global tourism and MICE (Meetings, Incentives, Conferencing and Exhibitions) destination, du announced a partnership with Tink Labs Limited, one of Hong Kong's most successful start-ups that has revolutionized hospitality technology. The agreement was signed between du and Tink Labs on the sidelines of the Arabian Travel Market event with the support of the Department of Tourism and Commerce Marketing (DTCM) at Dubai World Trade Centre.
