Zain Saudi will have to go ahead with a multibillion dollar capital restructuring in light of the failed US$950mn stake sale after Baletco and Kingdom Holding withdrew their joint bid.
Technology
The proposed deal to acquire Saudi Zain collapses
Asiacell launches BlackBerry service in Iraq
Asiacell, the largest private Iraqi telecom provider, recently launched the BlackBerry solution service in Iraq.
Nokia Siemens launches Liquid Net for broadband optimisation
Nokia Siemens Networks has launched Liquid Net, a new way to deliver broadband which allows an operator to set up its network to self-adapt to meet capacity and coverage requirements based on demand.
UAE economy sees strong first-half performance
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A new report showed that the UAE economy was ?back in business? with increased hydrocarbon output from Abu Dhabi pushing growth and non-oil indicators in Dubai looking more positive.