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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Omantel pushes for 5G adoption

Omantel is pushing for 5G adoption.
  • Omantel’s agreement with Optiva will upgrade the latter’s Charging Engine to a cloud-native architecture on the former’s private cloud
  • The upgrade is expected to support new business models for 5G monetization

Oman-origin integrated telecom services provider Omantel has signed a multi-year agreement with Optiva to upgrade Optiva Charging Engine to a cloud-native architecture on Omantel’s private cloud, local reports have said.

The upgrade apparently represents the next phase of Omantel’s digital transformation strategy to use technology and automation to drive customer experience and improve time to market for new services.

The upgrade is expected to support new business models for 5G monetization and introduce Optiva Test Framework to reduce deployment time by up to 70 percent.

As a result, Omantel will apparently gain platform capabilities to deliver new customer-centric services and expand its customer base across consumer, fixed, broadband and enterprise market segments, supported by Optiva’s platform.

“Optiva’s cloud-native technology leadership and automation framework will allow us to launch services faster as we embark on the next phase of our growth with 5G and new digital services,” said Samy Ghassany, COO of Omantel.

“Our collaboration allows Omantel to harness the transformational power of innovation and grow its mission-critical capabilities both commercially and operationally,” said John Giere, President and CEO of Optiva.