Search Site

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

SCT, Omantel ink pact for satellite services

    • Omantel will utilize satellite services to expand and enhance its mobile network backhauling

    • The agreement will help Omantel gain satellite bandwidth to complement its terrestrial range coverage

    Space Communication Technologies Company (SCT) and Oman Telecommunication Company (Omantel) have signed an agreement on Tuesday to provide Satellite Communication to the different verticals in the Omani market, a press release issued by the companies said.

    Omantel will utilize the satellite services using the state-of-the-art technologies on Ka-Band from the SCT’s satellite Earth Station located in Omantel’s Al Amerat Teleport on the Omani Satellite payload on Arabsat6A @ 30.5 E.

    Omantel will use this service to expand and enhance its reach for mobile network backhauling, in addition to providing connectivity services to its end-customers in different regions across the Sultanate.

    As the leading integrated telecom services provider of Oman, Omantel sees this agreement as a push towards digitization that is modernizing traditional ways of governance, education, business, services, and administration by offering more efficient technologies and advanced solutions.

    Omantel will gain satellite bandwidth to complement its terrestrial range coverage, thus expanding the user base, and bringing them access to the latest innovations through improved connectivity.

    This agreement is another collaboration between Omantel and SCT. In 2020, Omantel was selected as SCT’s telecom infrastructure service provider and accordingly SCT co-located its main satellite hub in Omantel’s Teleport in Al Amerat.