Aramco Digital, the technology subsidiary of Saudi petroleum and natural gas company Aramco, is widely reported to be in talks to invest about US$1 billion in telecommunications software maker Mavenir.
Turkish technology and communications company Turkcell has secured US$150 million in Murabaha financing from Dubai Islamic Bank, a prominent bank in the Gulf region.
India’s Tata Electronics and Taiwanese companies Powerchip Semiconductor Manufacturing Corporation (PSMC) and Himax have announced a semiconductor-related memorandum of understanding (MoU).