Sunday, October 26, 2008

Batelco crosses major milestone

Batelco has celebrated a major milestone with the launch of its 400th roaming agreement with an international telecom provider.

The company launched GPRS roaming on a bilateral basis with the second operator in Malaysia (DiGi).

The launch means that Batelco's mobile postpaid customers with GRPS/MMS enabled handsets can exchange pictures and video clips with their colleagues, family and friends and access the Internet directly from their mobiles while roaming in Malaysia.

Batelco also launched international roaming agreement with a new operator in Iran MTN.
Chief executive officer Peter Kaliaropoulos joined staff to mark the occasion at Batelco's Hamala headquarters.

To read more on GDN, click here

Monday, October 6, 2008

Zain launches new version of e-Go device

Zain Bahrain has launched the latest version of its wireless USB modem e-Go.

"The plug-and-play device, which can be used on laptops or desktops to access the Internet, has compact, elegant and slim design and allows high-speed downloads," said company product innovations specialist Dalia Owaysi.

"It also has 8GB storage space which allows users to carry critical files, documents, images and songs wherever they go."

Product innovation manager Ali Rahimi said the company will keep investing and provide customers with the latest state-of-the-art technologies, products and services.

Read more on Gulf Daily News, click here

Inflation eases in Saudi as money supply grows

Annual growth in the Saudi money supply rose for the first time in three months in August but the Arab world's largest economy is beginning to feel strains of a liquidity squeeze, central bank data showed yesterday.Annual inflation eased off from a peak of at least 30 years to 10.9 per cent in August, compared to 11.1pc in July.

The annual growth of money supply, an indicator of future inflation, reached 21.8pc in August, up from 20.85pc in July, according to monthly data released by the Saudi Arabian Monetary Agency (SAMA).

M3, the broadest measure of money circulating in the economy, hit 885.77 billion riyals ($236.2bn) at the end of August, compared with 727.15bn riyals a year earlier, SAMA said.
Demand deposits, the largest component of M3, recorded a 1.95pc month-to-month fall in August, its strongest decline in at least a year and a second monthly drop in a row, to 342.31bn riyals, which was its lowest level since April of this year.

But time and savings deposits, the second largest single component of M3, climbed to 318.38bn riyals in August, up 4.6pc from July.

To read more on Gulf Daily News, click here

Marina to showcase projects

Marina West, Bahrain's first gated beachfront high-rise residential and lifestyle community, located on the kingdom's west coast, is taking part in Cityscape 2008 in Dubai.

The exhibition, the region's largest real estate investment and development event, opens today at Dubai International Exhibition Centre and runs until Thursday.

"Our success at Property Arabia - Bahrain has given us a strong momentum as we drive sales of Marina West in the region and we expect this momentum to continue with a successful showing at Cityscape," said Marina West managing director Mahmood Janahi.

"During Cityscape 2008, Marina West will offer more than 1,168 luxury apartments and penthouse suites through its 10 residential towers and more than 7,000 sq/m of the development will feature a full range of leisure, recreation, and entertainment facilities.

To read more on GDN, click here