Aamal signs an MoU between its subsidiary, Aamal Information Technology, and Huawei
Doha – Qatar: Aamal Company Q.P.S.C., one of the region's leading diversified companies announces a new Memorandum of Understanding (MoU) between its fully owned subsidiary, Aamal Information Technology, and Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The MoU took place on the sidelines of the Web Summit, which has recently took place in Doha.
The partnership aims to enhance collaboration through Aamal IT's onboarding to the Huawei Cloud Partner Network and participation in the Cloud Service Provider Program.
Aamal IT, a provider specializing in trading computer networking equipment, web development, IT consulting, software trading, and programming, will leverage Huawei's cutting-edge cloud technologies to drive mutual growth and deliver advanced cloud solutions to customers. This strategic partnership is set to empower organizations to thrive in an increasingly digital world.
On this occasion, Mr. Rashid bin Ali Al Mansoori, CEO of Aamal Company Q.P.S.C., commented: 'Partnering with Huawei is a remarkable step forward in our journey to establish Aamal IT as a dynamic and innovative player in the technology sector. This collaboration will enable us to offer cutting-edge cloud solutions and strengthen our market position. We are excited about the opportunities this partnership will bring to our clients and our growth story.'
The partnership between Huawei and Aamal IT is expected to accelerate the adoption of cloud technologies across industries, enabling businesses to optimize their operations and achieve digital transformation.
For inquiries and more information:
Aamal Company Q.P.S.C.:
Laura Ackel
Corporate Communications Specialist
Email: laura.ackel@aamal.qa
Mobile: (+974 6671 6576)
About Aamal Information Technology:
Aamal has a 100% interest in Aamal Information Technology
Aamal Information Technology was established in 2023, specialising in trading computer networking equipment, web development, IT consulting, software trading, and programming.
About Aamal Company:
Aamal is one of the Gulf region's most diversified conglomerates and has been listed on the Qatar Stock Exchange since December 2007. As at 26 February 2025, the Company had a market capitalisation of QAR 6 bn (US$ 1.65 bn).
Aamal's operations are widely diversified and comprise 32 active business units (subsidiaries and joint ventures) with market leading positions in the key industrial, retail, property, managed services, and medical equipment and pharmaceutical sectors, thereby offering investors a high quality and balanced exposure to Qatar's wider economic growth and development.
For further information on Aamal Company, please refer to the corporate website: http://www.aamal.qa
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ME Construction
14 minutes ago
- ME Construction
Prospect & Mulk Properties launch ‘The LX' in Arjan, Dubai
Property Prospect & Mulk Properties launch 'The LX' in Arjan, Dubai By The LX is set for handover in Q3 2027 with 71 premium boutique office units and two retail spaces Prospect and Mulk Properties have launched 'The LX', a US $94.5mn boutique office and retail development in Arjan, Dubai. The project was unveiled at a launch event held at the Waldorf Astoria, Palm Jumeirah and aims to meet the growing demand for premium commercial spaces in the city. One Broker Group (OBG) will be the exclusive sales partner for The LX, the statement confirmed. The LX is set for handover in Q3 2027 with 71 premium boutique office units and two retail spaces. The offering is said to represent a rare opportunity for modern businesses and discerning investors to own commercial assets in a location experiencing 'unprecedented growth'. With Dubai witnessing an all-time high demand for flexible, high-specification office spaces, The LX is poised to fill a significant gap in Dubai's commercial real estate sector. Mulk Properties brings international development expertise and long-term vision to the partnership. Dubai's commercial market is undergoing a significant shift, moving away from generic office towers towards purpose built, design-led spaces that prioritise community integration, functionality, and long-term investment value. This launch coincides with this transformative trend, the statement explained. 'The LX marks our strategic entry into Dubai's commercial property segment, and we've done so with intention and insight,' said Nawab Shaji Ul Mulk, Chairman of Mulk International. 'Our focus has always been on high-impact, future-proof developments. With Arjan's explosive growth and limited premium office supply, The LX provides the kind of asset that can define the district. Together with Prospect and OBG, we're setting a new benchmark for what boutique commercial development in Dubai should look like.' 'The LX isn't just another commercial development it's a targeted solution to an urgent market demand,' added Rajat Verma, Co-founder of Prospect. 'Our goal has always been to develop where demand is real and rising. As Dubai grows, so does the need for smart, well-located business infrastructure. Arjan is on the cusp of a commercial renaissance, and The LX will be at the forefront of that transformation. This project exemplifies Prospect's vision of delivering high-return assets in high-potential areas.' 'What sets The LX apart is not just its design or pricing – it's how perfectly it aligns with the market's future,' remarked Umar Bin Farooq, Founder & CEO of One Broker Group. 'We're witnessing a major shift in how commercial real estate is being utilised in Dubai. Businesses want flexibility, quality, and connectivity. Arjan offers all three, and The LX delivers on them at a premium standard. We're proud to represent a development that understands what the market truly needs.' With direct access to major highways, Al Barsha South, Jumeirah Village Circle, and Dubai Science Park, Arjan is one of the few remaining zones offering centrality without congestion. With thousands of new residential units being delivered, the demand for adjacent commercial infrastructure is rising sharply. The LX directly supports this growth by offering a professionally designed, investor-grade asset that balances prestige with practicality. The project exemplifies how visionary partnerships between developers and expert sales strategists can reshape Dubai's commercial real estate future. The LX, drawing strong interest from investors, SMEs, and entrepreneurs seeking a growth-focused location with ROI potential, is led by One Broker Group, which holds the exclusive sales mandate, the statement concluded.
Zawya
an hour ago
- Zawya
US dollar weakness makes EM local debt great again: IFR
Local currency emerging market bonds are delivering huge gains this year thanks to a weakening US dollar and improving fundamentals in developing countries. By the close of June 3, EM local debt had delivered a total return of 9.69% year to date, according to the JP Morgan EM local GBI Index – far surpassing any high-yielding fixed-income asset class, including EM hard currency debt. That compares to a significant underperformance of EM local debt between 2010 and 2024 when average annualised returns were just 1%, according to Neuberger Berman. 'It's an interesting situation,' said Vera Kartseva, portfolio manager and strategist at Neuberger Berman. 'Usually, local currency bonds are seen as the riskiest asset class correlating with equities. But right now, we see an inverse correlation because of the change in the dynamic of the dollar.' In the past three years, the US dollar has appreciated, making it a difficult environment for EM local debt and causing outflows in the asset class. 'But now, we have an overvaluation of the dollar with a catalyst for weakness, emanating from US policy, making it a favourable environment for local EM bonds,' said Kartseva. Performance of EM local debt is often driven by the US dollar, explaining up to 70% of the performance of the asset class, according to Kartseva. 'The overall dollar weakness plays a big role in global portfolios,' she said, adding that Neuberger Berman is 'preferring local to hard EM debt' in its portfolios. Other EM asset managers are also adding to their local debt positions. 'We've been adding to our exposure to EM currencies since the uncertainty on trade and the U-turns from the White House,' said Alexis de Mones, portfolio manager at Ashmore. 'There is a radical change in funding conditions for EM sovereigns and an increasing interest for local currency products.' Strong fundamentals It is not just a weaker US dollar but strong fundamentals in emerging and frontier markets such as lower oil prices, which will help boost growth in these economies. 'While the weaker dollar is certainly helping, we're seeing contributions from bond price appreciation in many countries, as the market begins to factor in lower oil prices and the implications of stronger EMFX on central banks' reaction functions,' said Joseph Cuthbertson, EM sovereign research analyst at PineBridge Investments. Frontier markets are also benefiting from increased demand. The likes of Argentina, Egypt and Nigeria have attracted 'significant inflows' in 2025, according to Raoul Luttik, senior portfolio manager at Neuberger Berman. 'The opportunity set in EM frontier local has increased as fundamentals across several countries have improved, and we're seeing credible reform efforts in Nigeria, as well as disinflation and attractive currency valuations and carry in Egypt,' said Cuthbertson. Meanwhile, Argentina has pushed through deregulation laws and reduced its fiscal deficit. As well as the Egyptian pound and Nigerian naira, PineBridge is keen on the Uzbek som and South African rand 'where we think any upcoming changes to lower the inflation target would be positive for the currency", said Cuthbertson. Uzbekistan particularly stands out 'given reform momentum and improving credit fundamentals', he said. Less correlated Frontier markets are not typically included in benchmarks or ETFs, meaning they are less correlated to global macroeconomic volatility but rather respond to each country's own macroeconomic changes. 'In the frontier space, we look for a combination of a credible path for fiscal and monetary policies, combined with an undervalued exchange rate and attractive carry,' said Cuthbertson. 'We pay close attention to the amount of offshore positioning in each domestic market, looking for underowned markets and opportunities.' The taper tantrum of 2013 – when Treasury yields surged after the Federal Reserve announced it would start to taper quantitative easing – was the last time there was a direct correlation between FX and interest rate volatility in EM, according to de Mones. 'Since then, any selloff in global core bonds, including Treasuries, has not led to a more-than-proportional selloff in EM bonds,' he said. 'Many EM countries have been doing well from a fundamental point of view since the taper tantrum years,' said Luttik, referring to the reduction in external imbalances and tighter monetary policies to bring inflation back to target. 'Attractive valuations and low foreign participation add to the favourable outlook for local bonds,' he said. Can the outperformance of local EM bonds continue? 'It's early days,' said Kartseva. 'Flow-wise we still have year-to-date outflows in the asset class. But we have started seeing inflows in the past couple of weeks [and] this trend has all the ingredients to continue.' The fact the local GBI EM index has become more skewed towards Asia in recent years following the inclusion of India and China, and as the weight of more volatile countries like Brazil, South Africa and Turkey has shrunk, makes the index's 'risk/return profile more stable', said Luttik.
Arabian Post
10 hours ago
- Arabian Post
AixuSpeed reaches $500K commitment in pre‑sale boom
AixuSpeed has recorded over US $500,000 in token purchase commitments within the opening 72 hours of its pre‑sale, signalling strong early interest in this meme‑inspired digital asset. The pre‑sale commenced on 6 June 2025 and rapidly surpassed half a million dollars in pledges by 9 June 2025. The project's emphasis on rapid transaction settlement—claimed to settle in under a second—appears to resonate with buyers seeking frictionless crypto payments. AixuSpeed positions itself as more than a playful token, blending meme‑driven community appeal with a payment infrastructure optimised for speed and lean fees. The founders highlight a use case aimed at enabling micropayments—such as tipping for digital content or purchasing small goods—without the usual cryptocurrency delays. Co‑founder Sara 'AiXuSpeed_' Akram encapsulated the mission: 'People love the fun of memes but hate waiting ten minutes for a coffee on‑chain… your transaction travels faster than the joke itself.' The start‑up combines talk of sub‑second settlements with a tokenomics model designed to incentivise both usage and community growth. The pre‑sale is capped at one billion tokens, with audited liquidity locks in place to guard against early pump‑and‑dump scenarios. These steps seek to reassure early backers of the project's commitment to stability. ADVERTISEMENT Promised transaction features include extremely low fees, gas efficiency tailored for nano‑transactions, and security via audited smart contracts. Weekly meme‑contests, NFT airdrops, and viral‑marketing strategies complement the technical value proposition, appealing to users who engage with crypto on social and entertainment platforms. Ahead of a planned decentralised exchange listing in the third quarter of 2025, AixuSpeed expects a tighter circulating supply and intends to initiate a Speed Grants programme to support third‑party developers building integrations for games, social apps, and e‑commerce systems. A cross‑chain bridge, targeting Ethereum Layer 2 and Solana, is scheduled for deployment in the fourth quarter. Crypto analysts confirm that the meme coin market has matured, increasingly blending narrative‑driven hype with functional attributes. The success of tokens such as Dogecoin, Shiba Inu and others has encouraged new entrants to emphasise utility—particularly in payment infrastructure, speedy confirmations, and affordable micro‑payment services. Industry observers see AixuSpeed's approach as reflective of broader shifts. With global crypto usage increasingly focused on everyday digital interactions—streamer tipping, pay‑per‑article access, mobile vending—tokens that can process ultra‑fast and micro‑scaled transactions may satisfy a gap left by traditional payment rails. The project's emphasis on near‑zero fees could prove significant; historically, micropayment models struggle with high gas costs on Ethereum and similar networks. However, the crypto sector is littered with pre‑sale projects failing to follow through. While current commitments underscore interest, delivery of speed claims will depend on robust network architecture. Audit documentation confirms that smart contracts have been reviewed, but comprehensive analysis of throughput performance remains pending independent review. ADVERTISEMENT More cautious voices in the blockchain community point out that meme branding can obscure technical fragilities. A prioritisation of viral campaigns and community incentives must still be grounded in reliable infrastructure to avoid user attrition or reputational damage. Achieving sub‑second confirmation requires strong network validators and resilient consensus protocols to maintain finality and resist double‑spend attacks. Comparisons have been drawn with Kaanch Network, a Dubai‑headquartered Layer 1 blockchain facilitating institutional tokenisation and real‑world asset frameworks. That project raised over $1.12 million in presale and emphasised sub‑second finality and high scalability. While Kaanch targets a higher‑end institutional use case with compliance and regulatory layers, AixuSpeed appears to focus on mass consumer use and community engagement. The contrast underscores diverging paths in the next wave of token presales: utility for business versus utility for consumers. The $500,000 threshold reached by AixuSpeed is modest in absolute terms compared to multi‑million dollar raises in top‑tier projects. Nonetheless, meeting that target so quickly suggests resonance with investors seeking culturally rich tokens paired with distinct usage claims. Execution over the next six months will determine whether that initial interest solidifies into long‑term value. Live community sentiment across crypto forums underscores excitement tempered by vigilance. One commentator in a blockchain discussion said: 'They're promising fast transactions and low fees—if they deliver it could be a breakout. But I want to see stress tests.' Such voices reflect the rational‑optimistic posture of well‑informed retail and minor institutional investors. Analysts stress that vesting schedules, liquidity availability, and team retention will also influence long‑term health. The audit of liquidity locks must be transparent and rigorously maintained to build investor trust. Additionally, the intended Speed Grants programme must be backed by fresh capital and developer interest to generate ecosystem vibrancy, rather than serving as symbolic goodwill. Roadmap clarity will be tested as the token approaches listing phases later in the year. Delays in bridge deployment or grant distributions could dampen sentiment. Conversely, strong integration wins—such as inclusion in a popular e‑commerce plugin or a gaming micro‑transaction pilot—could validate project potential. Crypto‑finance observers recommend scrutiny of on‑chain metrics once the DEX listing occurs. Circulating supply figures, early holder distributions, and active wallet counts will be essential early indicators. Long term success will depend on sustained usage beyond speculative trading: on‑chain activity tied to real value exchange would elevate AixuSpeed above meme token competitors.
