Internet of Things investment will support Lebanon's IT market growing to LBP 820 billion by 2019, and will transform daily lives and businesses, industry experts announced during the recent SmartEx Lebanon exhibition.

Telecom Vendors
KSA Ministry of Communications and IT signs MoU with Huawei
The Kingdom of Saudi Arabia's Ministry of Communications and Information Technology (MCIT) and Huawei, a leading global ICT solutions provider, have signed a Memorandum of Understanding (MoU) to enable the national cadre in ICT and promote innovation and entrepreneurship in the sector to push the growth and development of the kingdom, and achieve the goals of Saudi Vision 2030 and the National Transformation Plan 2020.
Nokia suffers challenging Q1 but CEO remains bullish over 5G
Finnish telecommunications vendor Nokia has endured a difficult Q1 following the official announcement of its financial results for the first quarter of 2018. However, despite a drop in its net sales and profitability, Nokia CEO, Rajeev Suri remains bullish.
Ericsson’s cost-saving plan starts to pay off with reduced losses announced
Swedish telecoms firm Ericsson posted improved first quarter results as it presses a massive cost-saving drive that has prompted thousands of jobs cuts.
Ericsson partners with research institute to test industrial applications of 5G
Ericsson and the Fraunhofer Institute for Production Technology have teamed up to explore and develop industrial applications of 5G. The first use case for production of jet engine components for MTU Aero Engines is currently being evaluated and is presented this week (April 23-27) at the Hanover Fair in Germany.
SAP announces investment plan to accelerate Egypt Vision 2030
Global technology company SAP announced today a new investment plan to catalyze Egypt Vision 2030's nationwide digitization and Smart Cities, and support economic, social, and environmental transformation, according the newly-appointed Managing Director of SAP Egypt.
ZTE vows to fulfill needs of operators and partners despite US ban
Chinese telecommunications vendor ZTE has vowed to protect its company and its employees and declared it would utilize all the tools at his disposal to ensure it continues to serve its operators, partners and suppliers despite the export ban issued by the U.S. Department of Commerce.
Chinese vendor halts share trading following US export ban
Chinese telecommunications giant ZTE has halted trading of its shares in both the Hong Kong and Shenzhen stock exchanges in response to the ban imposed on the purchase of its sensitive technology by the United States.
Qualcomm and NXP withdraw and refile application for Chinese regulatory approval
Qualcomm Incorporated announced that Qualcomm and NXP Semiconductors (NXPI) at the request of the Ministry of Commerce in China (MOFCOM) have withdrawn and refiled the notice of acquisition regarding the companies' planned combination.
Qualcomm launches platform purpose-built for IoT devices
Qualcomm Technologies has launched the Qualcomm Vision Intelligence Platform, featuring the company's first family of system-on-chips (SoCs) purpose-built for the Internet of Things (IoT) using advanced 10nm FinFET process technology.