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Middle East & North Africa

Saudi Arabia’s Zain closes $805m tower divestiture

Mobile telecommunication company Zain Saudi Arabia (Zain KSA) (TADAWUL: 7030) has completed a deal to sell a stake in its tower infrastructure for more than SAR3 billion (US$805 million). As part of the transaction, Zain KSA has sold at least 3,000 towers (out of the total of 8,069 towers) to Golden Lattice Investment Company (GLIC), which is owned by the Kingdom’s sovere...

January 12

Google to open cloud region in Kuwait

Alphabet's (NASDAQ: GOOGL) Google Cloud is to open an office in Kuwait followed by a cloud region. The investment has been announced by Kuwaiti Minister of Commerce and Industry Mazen Al-Nahedh, who said the new cloud location will the country’s digital infrastructure segment. The cloud region, which usually comes in the shape of a multi-hundred million Dollar investme...

January 11

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