Category : Technology

Technology

India allocates spectrum to telecom operators paving the way for 5G launch

omandailynews.com
Under Indian Prime Minister Narendra Modi’s government, the Department of Telecommunications (DoT) has allocated spectrum to telecom operators, paving the way for the launch of 5G services. The letters for spectrum assignment have been issued, according to Communications and Information Technology Minister Ashwini Vaishnaw. In addition, Vaishnaw has asked Telecom......
Technology

Real-time data and touchless technology will shape the $1 trillion megaevents industry

omandailynews.com
In the post-COVID-19 world, the Fourth Industrial Revolution (4IR) technologies, including crowd-tracking sensors for real-time data collection, mixed reality, and the metaverse, will shape megaevents, according to a report published by the World Government Summit Organization. Using a combination of virtual, physical, and hybrid approaches, the research, which was published......
Technology

$10 billion technology growth fund launched by G42

omandailynews.com
In strategic partnership with Abu Dhabi Growth Fund (ADG), G42, the leading UAE-based AI and cloud computing technology company, launched a $10 billion global technology growth fund. G42 will manage the Fund, which will invest in late-stage growth companies with disruptive technologies and strong business fundamentals in order to accelerate......
Technology

TRC signs agreement to roll out 5G services in Jordan

omandailynews.com
As part of preparations to introduce 5G cellular technology services, the Telecommunications Regulatory Commission (TRC) of Jordan signed an agreement with Jordan’s mobile telecom companies (Orange, Umniah) in the presence of Ahmed Hanandeh, Minister of Digital Economy and Entrepreneurship. A key pillar of Jordan’s infrastructure for information and communication technology......
Technology

Funding for metaverse projects is raised with a $10 billion bond issue by Meta

omandailynews.com
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, raised $10 billion in its first bond offering on Tuesday. The technology giant plans to use the raised capital to revamp its business and fund share buybacks. Several expensive initiatives, including its virtual reality metaverse, will also be funded with......