ADQ and OIA identify AED 30bln worth of investment opportunities in Oman

On the sidelines of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE’s, visit to Oman, ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (OIA), across a variety of sectors aimed at contributing to increased economic cooperation and trade between both nations. […]

IHC expands its digital portfolio with acquisition of a majority stake in Emircom for AED 250mln

International Holding Company (ADX: IHC), the diversified Abu Dhabi-based conglomerate, announced today the completion of a 54% stake acquisition in Emircom, the Middle East’s leading information and communications technology (ICT) provider, through its subsidiary, IHC Digital. For nearly four decades, Emircom has been the ICT partner of choice for many of the most challenging projects […]

ITC Infotech successfully completes 10 years of strategic association with Saudi National Bank

ITC Infotech, a leading global technology services and solutions provider today announced that it has successfully completed 10 years of strategic association with Saudi National Bank (SNB), the largest commercial bank in Saudi Arabia. ITC Infotech in these years has played a pivotal role in the Bank’s modernization, digital transformation, and growth journey. Commenting on the […]

CoreStack accelerates vision and growth with acquisition of Optio3

CoreStack, a global multi-cloud governance provider, today announced the company’s acquisition of Optio3, an AI-powered operations management company based in Seattle, WA. As a result, CoreStack will acquire 100 percent of Optio3’s technology and IP and will integrate Optio3 team into the CoreStack team. Optio3 Co-founder and CEO Sridhar (Sri) Chandrashekar will be joining the […]

Huawei launches Public Cloud Service and Start-up program Summit in Jordan

In the presence of H.E. Khairy Amr, the Minister of Investment and under the patronage of the Minister of Digital Economy and Entrepreneurship, yesterday, Huawei launched public cloud services in Jordan and initiated a start-up program to support SMEs with advanced cloud services and communication platforms in partnership with international venture capitalists. Huawei Cloud target […]