The Telecommunications Regulatory Authority (TRA) signed today a Memorandum of Understanding (MoU) with 'Creative 971' to support e-Commerce with a focus on small and medium businesses wishing to operate in the country.
Reports and Coverage
The parent company of Discovery Channel and Animal Planet, Discovery Communications, is forking out $14.6 billion, or $90 per share, based on Discovery's Friday, July 21 closing price, to purchase Scripps Networks, the parent company of the Food Network and Travel Channel. The deal will combine two major US television companies, further consolidating the media industry. The transaction is expected to close by early 2018.
Smart Dubai has been selected by the United Nations' International Telecommunication Union (ITU) to co-chair the global Working Group on Data Economy, Commercialization and Monetization.
MEF announced the results of the 2017-2018 Board of Directors elections at the MEF Annual Members Meeting in Toronto.
Huawei has announced the launch of its Middle East ICT Skill Competition 2017. Aimed at universities and students, the program seeks to unearth and nurture the region's finest ICT talent. In line with Huawei's mandate to support governments' digitization strategies, national visions and plans for growth of critical industries, the competition will foster development for the next generation responsible for driving the digital transformation. Ten countries in the region are expected to participate, with registration open till October 10.
Arab Advisors Group, the leading research and consulting company in MENA, launched a new set of services designed to meet the rapid changes in telecom, technology and media markets. Arab Advisors Group also adopted its new branding, which reflects the dynamic nature of the company.
Consumers in UAE are more ready to adopt artificial intelligence (AI)-powered devices and services than consumers in many other countries, according to new findings from the annual research from Accenture.
Corporate data is becoming what oil is to Saudi Arabia, says Clear Peak analyst Brad Cowdrey - outrageously profitable. There is so much valuable data available to corporations today, he says, and its potential uses are proliferating so rapidly that not using it would be negligent. But the dominance of tech giants that rule the data world has prompted calls for them to be broken up, the same way Standard Oil was in the early 20th century, over antitrust concerns.
Samsung Electronics posted financial results for Q2 2017. The company's components businesses and sales of the S8 and S8+ contributed to strong results. Samsung's revenue for the quarter was KRW 61 trillion (approximately US$ 54.2 million), an increase of KRW 10.06 trillion YoY (year on year), while operating for the quarter posted a record KRW 14.07 trillion, an increase of KRW 5.92 trillion year on year.
In 2015, the European Commission announced that by June 2017 mobile roaming charges would be abolished throughout the 28 nation European Union. The fall of roaming rates appears to be an international trend even in the GCC. In May, the Communications Regulatory Authority (CRA) announced that roaming charges for voice calls and SMS will be further reduced from April 1 next year in a move to continuously reduce roaming charges across the region.