Wednesday 4 May 2016

Russian creator of malware fined $6.9 million

A Russian man who spent about three years behind bars in the United States for creating the computer malware known as Gozi was ordered on Monday to pay $6.9 million to cover losses to bank customers but spared further US prison time. Nikita Kuzmin, 28, could have received more pr


First all-women business park opens in Saudi Arabia

Saudi Aramco, Princess Nourah University (PNU) and Wipro Arabia, a subsidiary of India's Wipro, today inaugurated Saudi Arabia’s first all-women business and technology park. The project is expected to create nearly 21,000 jobs for Saudi women over a period of 10 years.


Gitex launches global startup movement

The upcoming Gitex Technology Week, a major IT event in Dubai, UAE will launch and host Gitex Startup Movement, one of the most global startup gatherings in the world with over 30 countries represented. The Gitex Startup Movement will convene over 400 startups and more than 1,000


Zain to buy 92pc of Sudan's Canar for $95m

Kuwaiti telecom firm Zain has agreed to buy a 92.3 percent stake in Sudanese fixed line operator Canar for Dh349.6 million ($95.2 million) from Abu Dhabi-listed Etisalat. The deal is subject to approval from the Sudanese authorities, Etisalat added in a bourse statement on Monday


Digital lift ‘can double Qatar output to $4bn’

Digital transformation can double Qatar’s commercial output to over $4 billion by 2019, leading organizations agreed at a major technology event in Doha, Qatar yesterday (May 1). With hyper-connectivity and e-commerce, Qatar’s business-to-business and business-to-cons


Omnitech, TechoSmart ink strategic tie-up

Omnitech Systems, a provider for IT infrastructure setup, software development and consultancy services, has signed a strategic partnership agreement with TechoSmart, a leading ICT services provider, reported the Gulf Daily News, our sister publication. To read further,


Microsoft launches SQL Server 2016 in UAE

Microsoft Gulf has launched its SQL Server 2016, the latest version of the company’s flagship database and analytics platform, in the UAE. SQL Server 2016 can deliver a consistent experience in both on-premise and cloud deployments, with common development and management to


Zain Bahrain launches social media packages

Zain Bahrain, a telecoms firm focused on enhancing customer experience, has announced the launch of tailored social media packages. The ‘Truly Unlimited Social Media’ is Bahrain’s first range of prepaid packages that allow customers to use social media applicati


Awasr to launch fixed landline services

Awasr, Oman’s first specialised broadband service provider, has been awarded the licence to provide general fixed telephony services by the Sultanate’s Telecommunications Regulatory Authority (TRA), a report said. Awasr is building a network with capacity to deliver h


Ooredoo Q1 profit jumps 75pc to $244m

Qatari telecom operator Ooredoo reported a 75 per cent rise in first-quarter net profit on Wednesday driven by foreign exchange gains from Indonesia and Myanmar. The earnings of the former monopoly, which operates in about a dozen territories across the Middle East, Africa and As

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