According to a new report from Bank of America Merrill Lynch (BofAML), governments in the Gulf Cooperation Council (GCC) have sharply increased spending in the wake of recent political unrest in the region, with the report estimating additional investment at US$150 billion.
Government spending in Oman is set to increase by nine per cent in 2012 from this year to finance construction projects and create more jobs for nationals.
Dr. Saad Al Barrak Zain KSA CEO & Managing Director.
Zain Saudi Arabia (Zain KSA) has selected Alcatel-Lucents IP/MPLS-based mobile backhaul solution to respond to the sharp increase in bandwidth requirements, and to keep pace with subscribers demands.
Huawei posted impressive financial results for the first half of 2011. Sales revenue grew 11 per cent YoY to US$15.34 billion and operating profit reached US$1.94 billion.
Othman Sultan said du would not need any new loans till the end of 2011
du is planning to inject nearly US$460mn into new mobile and fixed line network projects this year after paying back debt to banks, according to dus CEO Othman Sultan.
