Business IP traffic in the Middle East and Africa will grow at an average annual rate of 30% until 2014, a faster pace than the global average of 21%, according to a new global study by network equipment maker Cisco Systems. IP traffic in the Middle East and Africa will reach 1 exabyte per month by 2014 at a rate of 45%. Monthly Internet traffic in the region will generate 182mn DVDs worth of traffic, the report added. |
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Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more