The EU has agreed to provide financial assistance package worth US$4 billion to Jordan over the next three years, of which US$1.6 billion will be available in? 12 months.
Technology
DIFC expected to double in size by 2016
Dubai International Financial Centre (DIFC) could double in size over the next five years, according to Abdulla Mohammed Al Awar, CEO of the DIFC Authority (DIFCA).
Zain KSA unveils major network expansion plans
Zain KSA posted a 13 per cent rise in 2011 revenues and unveiled plans to embark on the telecoms biggest network expansion to date.
BT to expand its regional operations
BT has announced that it intends to expand its presence in Turkey, the Middle East and Africa through a number of new initiatives.
France Telecom offers US$2 billion for Mobinil
France Telecom has offered to buy a majority stake in Egyptian telecom operator Mobinil from billionaire Naguib Sawiris in a deal that could cost as much as US$2 billion.