E& consolidated revenues soar 1.1% to AED 26.6 billion in H1 2023
E& recently declared its consolidated financial results for H1 2023 and that it has signed a binding agreement with PPF Group (“PPF”) to acquire a controlling stake (50% + 1 share economic stake) in PPF Telecom Group’s (“PPF Telecom”) assets in Bulgaria, Hungary, Serbia, and Slovakia. PPF Telecom is the telecommunications division of PPF. E&’s […]
AWS ventures in Israel with plans to invest $7.2B by 2037
Amazon Web Services (AWS) has announced its plans to invest approximately US$7.2 billion in cloud platforms in Israel by 2037. Amazon Web Services (AWS) launched its cloud infrastructure region in Tel Aviv. The region (il-central-1), which was first announced in June 2021, will have three availability zones The new cloud region in Tel Aviv is […]
Korea Unveils 15 Companies Subject to Disaster Management Obligations
Korea’s Ministry of Science and ICT designated a total of 15 platform service providers and data center operators subject to the country’s strengthened management obligations against disasters. The measures are being enforced as a follow-up to the Kakao outage caused by the Pangyo data center fire last October. Seven out of 15 are large platform […]
UOB Highlights Positive Sentiment in Asian Markets, Singapore Surprisingly Absent
United Overseas Bank (UOB) has shed light on the contrasting business outlooks across various Asian markets in 2023, with China, Indonesia, and Vietnam emerging as the frontrunners in positivity. However, a surprising omission from this list is Singapore, though it has been a preferred hub for international enterprises and investors. The UOB study’s findings paint […]