MBC Group, the Dubai and Riyadh-based pan-Arab broadcaster, will reportedly mount an IPO next year. Reports out of the Gulf say that MBC is working with investment bankers HSBC and JPMorgan Chase on the potential plan. At the moment, the amount to be raised and the structure of the float are unclear. Current ownership of […]
Airbus and Salam, a Saudi Arabian telecoms company which is part of Abu Dhabi’s Mawarid Media & Communications, have signed a strategic partnership to provide the Airbus ‘Zephyr’ High Altitude Platform Station (HAPS) to Saudi Arabia. The Airbus Zephyr comprises an unmanned drone or aerial vehicle,which flies at 21,000m (70,000ft) and can stay aloft for […]
Saudi Arabia’s state news organisation says the oil-rich nation will spend an overall $37.8 billion (€38.5bn) on the games industry. This amount will include around $13 billion on a “leading game publisher”. The cash will come from the kingdom’s Savvy Games Group which is owned by its Public Investment Fund (PIF) sovereign wealth fund, one […]
AXESS Networks (AXESS), a global provider of satellite-based communications solutions, reports that its local entity in Dammam in the Kingdom of Saudi Arabia reached above target results and operations will further expand to cater for the growing connectivity demand across the country. After founding AXESS Saudi Arabian Telecommunications Company (AXESS Saudi Arabia) AXESS has started […]
UK company Stratospheric Platforms Limited (SPL), a partner of German telecommunications company Deutsche Telekom (DT)has successfully trialed pioneering technology that provides 5G network coverage from the stratosphere. Conducted on February 5th at The Red Sea Project site on Saudi Arabia’s western coast, the test was the world’s first demonstration of the High-Altitude Platform System (HAPS) […]
WWE Superstar Bianca Belair has revealed her thoughts and predictions ahead of this weekend’s Elimination Chamber. The WWE premium event will be streamed live on the WWE Network from Jeddah, Saudi Arabia on February 19th at 5pm GMT. The event will make history, featuring more women’s matches than ever before at a WWE show in Saudi Arabia […]
Ahead of the WWE Elimination Chamber event in in Jeddah, Saudi Arabia on February 19th, Stephanie McMahon, Chief brand officer of WWE has shared details of a newsworthy billboard. In a press statement, McMahon said: “I’m proud to share yet another milestone in what we call the Women’s Evolution. Today, in Saudi Arabia, the first-ever […]
Extreme E has extended its broadcast partnership RDS that will see the electric off-road racing series reach 2.5 million homes across Canada. Extreme E’s agreement with RDS ensures all of the live action in Season 2 will be available to Canadian sports fans, with the first X Prix of 2022 taking place later this month in […]
Extreme E will continue its partnership with Swiss luxury watchmaker Zenith for Season 2, who will also remain as the series’ Official Timekeeper.As Official Timekeeper and Founding Partner, Zenith will provide live timing at each event directly to the Command Centre, the innovative pit wall and strategy room where key team players will be located […]
WWE has announced that the entertainment company will return to present its Elimination Chamber event in Jeddah, Saudi Arabia. The General Entertainment Authority, in cooperation with WWE, has announced that Elimination Chamberwill be held at the Jeddah Superdome, the world’s largest pillarless Superdome, on Saturday, February 19th. More details of the event will be announced […]