Veon secures US$270 million loan for Pakistan unit Jazz

Veon subsidiary Jazz has secured a PKR75 billion (US$270 million) loan to expand its infrastructure and transition from a telecom company to a technology services provider. The credit facility, led by The Bank of Punjab, is the largest long-term private sector syndicated credit facility in Pakistan, enabling Jazz to enhance digital infrastructure and invest in cloud, software, and financial services.

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Turkcell’s Subsidiary TDC Secures EUR100 Million Murabaha Financing from Emirates NBD to Boost Data Center Expansion

Turkcell’s subsidiary TDC secured EUR100 million in interest-free murabaha financing from Emirates NBD to fund data center expansion and digital infrastructure projects. The agreement supports Turkcell’s growth strategy focused on eco-friendly, high-capacity data centers catering to cloud, AI, and big data demands in the MENAT region.

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Saudi Arabia and Qatar Sign Deal to Build High-Speed Rail Link Between Riyadh and Doha

Saudi Arabia and Qatar have agreed to build a high-speed rail line connecting Riyadh and Doha, with stops in Al-Hofuf and Dammam. The electric railway will reach speeds above 300 km/h and cut travel time between the capitals to around two hours. Expected to be completed within six years, the project aims to serve up to 10 million passengers annually and strengthen regional connectivity.

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Dialogue Seminar at Applied Sciences University Explores Political Modernization Following Royal Throne Speech

The Applied Science Private University hosted a dialogue seminar examining Jordan’s political modernization in light of the Royal Throne Speech. MPs, academics, and students discussed parliamentary reform, youth participation, women’s representation, and the role of dialogue and legislation in advancing comprehensive national modernization.

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