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Qatar to weigh joining $100bn SoftBank tech fund

  Bloomberg Qatar is considering investing in the $100 billion global technology fund formed by SoftBank Group Corp. and Saudi Arabia, according to people familiar with the matter. SoftBank Chairman Masayoshi Son has visited Doha and other parts of the Gulf region in recent months to discuss investments with global investors, one of the people said, asking not to be ...

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Saudi fingerprinting scheme weighs on STC, Mobily

  DUBAI / Reuters Saudi Arabia’s two biggest telecom operators reported weaker third-quarter earnings on Wednesday, as the cost of implementing a government initiative to register fingerprints with phone numbers weighed on both providers. A 7.5 percent drop in profit at market leader Saudi Telecom Co’s (STC) represented a continuation of an earnings slump which has now seen it report ...

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Egypt’s economy to grow 3.5 percent

  Reuters Egypt’s economy is likely to grow 3.5 percent in the 2016/17 fiscal year, missing the government’s target of around 5 percent and falling below last year’s growth rate, a Reuters poll showed. The poll, which surveyed 17 analysts, found growth would pick up only slightly to reach 3.7 percent the following fiscal year. Egypt has been struggling to ...

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