Technology

French foreign direct investments (FDI) in the UAE have grown ten times in the past decade, reaching US$3.6 billion in 2009, accounting for 35 per cent of the total French FDI in the Middle East. French civilian exports to the UAE have tripled between 1998 and 2009 reaching US$4.9 billion, according to data by Invest in France Agency (IFA), a body for promoting and facilitating international investment in France.

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The Qatar government will invest US$123.57 billion for local projects during the next ten years, Minister of Economy and Finance Yousef Hussain Kamal has been reported as saying by the Qatar News Agency. Kamal told daily Arabic newspaper Alwatan that Qatar will invest billions of riyals in infrastructure projects, oil, gas and petrochemicals. However, he added that Qatar will continue its investment abroad.

Structured cabling specialist, Reichle & De-Massari (R&M), has installed a complete end-to-end enterprise cabling solution for Middle East and North Africa financial institution, HC Securities. HC Securities had chosen Swiss company R&M?s range of enterprise cabling to connect its entire network infrastructure for its office headquarters located in Cairo, Egypt. The project was completed by R&M?s long time implementation partner and Egyptian systems integrator, Channel Computer Services.

Telecom Egypt has announced a second-quarter profit rise of 23 per cent, beating estimates from analysts. Net income reached US$170.7mn from US$138mn a year before, the Cairo-based company said in a recent statement distributed by the Regulatory News Service.