Northstar Computer named UAE distributor for IO by HFCL portfolio
IO by HFCL is a cutting-edge Wi-Fi and networking solution built for high-performance, scalable deployments across enterprise, education, hospitality, healthcare, public venues, and smart city sectors.
With increasing demand in the UAE for reliable and cost-effective wireless infrastructure, this partnership ensures local availability, technical support, and fast fulfilment to meet customer needs.
"Northstar Computer Trading LLC brings strong local knowledge, established client relationships, and a proven track record in IT distribution across the UAE," said Tony Chacko, the Operations Director at Northstar Telecom Solutions.
"Their appointment is a key step in strengthening our regional distribution strategy and supporting UAE customers with best-in-class wireless networking solutions from IO by HFCL," he added.
Northstar Telecom Solutions, through its expanding network of partners and distributors, continues to make IO by HFCL a competitive and accessible choice in the Gulf region for next-generation enterprise Wifi connectivity.
Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
12 minutes ago
- Zawya
Code Cracked: EGX's listed banks distressed-like valuations explained
Egyptian banks unanimously trade at Trailing Twelve Months (TTM) earnings multiples below 5x despite boasting solid return on average equity above 35% over the cycle and above 45% in 2024. At present, three out of eleven listed banks are members of the benchmark EGX30 index and their combined free float-adjusted MCAP weights in the EGX30 index is almost 30.0%. In descending order in terms of index weights, the three banks are 1) Commercial International Bank (CIB) at 26.4%, 2) Abu Dhabi Islamic Bank–Egypt (ADIB) at 1.8%, and 3) Credit Agricole–Egypt (CA-Egypt) at 1.5%. Why do low earnings multiples of Egyptian banks seem like a conundrum? First, it is not due to an indiscriminate macro risk – if that were the case, all sectors would have been trading at distressed valuation multiples. Yet, when we depict the TTM earnings multiples of the 50 most-actively traded companies, it is obvious that all commercial banks trade at the lower end of the spectrum in what seems as a 'sector-discount'. Second, if banks generate ROAE in excess of 35-45% and the long-term cost of equity (COE) is close to 20.0%, then banks should be trading at forward earnings multiples above 5x by virtue of the intrinsic earnings multiples model. Yet, Egyptian banks trade at trailing and forward earnings multiples way below the 5x, which is the multiple of a no-growth company in Egypt. So why are are the valuations of Egyptian banks penalised?
Gulf Business
34 minutes ago
- Gulf Business
Škoda Auto posts double-digit growth in H1 2025, expands Middle East footprint
Image: Pexels/Illustrative Škoda Auto has reported a strong financial and sales performance for the first half of 2025, delivering 509,400 vehicles globally — a year-on-year increase of 13.6 per cent. The company's robust sales translated into solid financial results, with revenue rising to €15.07bn (up 10.4 per cent), operating profit reaching €1.285bn (up 11.8 per cent), and net cash flow at €1.453bn (up 3.2 per cent). In the Middle East, Škoda made strategic moves during the first half of 2025, officially entering the Oman market in February, restarting operations in Qatar in April, and signing an agreement to expand into Saudi Arabia, the region's largest automotive market. In June, the brand also opened two new showrooms in the UAE, strengthening its commitment to accessibility and enhancing the retail customer experience. The regional line-up continues to be led by the 7-seater Kodiaq and the value-focused Kushaq, now joined by the newly launched Octavia RS, which blends performance and functionality. 'Škoda Auto is thriving, delivering solid financial results for the first half of 2025 despite significant challenges across our industry. Once again, we have achieved growth across our core KPIs and demonstrated that we are one of the most profitable automotive brands in the volume segment. These fantastic results are a testament to a resilient business model. It is notable that our success in the first six months has been spread across powertrains, confirming we are on the right course by offering freedom of choice in this era of transition. We go into the second half of the year in peak form while always remaining focused and vigilant,' said Klaus Zellmer, CEO of Škoda Auto. 'We're proud to see Škoda Auto's global performance reflected in our momentum across the GCC,' said Lukas Honzak, managing director at Škoda Middle East. 'From entering high-potential markets to expanding our retail footprint in the region, we're laying the groundwork for long-term growth. Customers in the region continue to respond strongly to our versatile line-up, which offers quality, inventiveness and great value for money. We aim to bring Škoda's advanced European automotive technology and exceptional customer service even closer customers in the Middle East.' Read: The latest regional launches for 2025 — the all-new 7-seater Kodiaq and the upgraded Octavia RS — have been well received. The Kodiaq recorded strong sales of 905 units in H1 2025, compared to 669 in the same period of 2024, reinforcing its position as a family favourite for its comfort, space, and safety features. The iconic Octavia, introduced in May, was also met with strong demand for its balance of performance and practicality. The Kushaq, Škoda's second best-selling model in the Middle East, continues to attract cost-conscious drivers looking for a safe, efficient, and stylish drive — a segment gaining momentum in the region. As Škoda Auto marks its 130th anniversary, the brand continues to merge its heritage with modern innovation, creating a strong platform for sustained growth in Europe and the Middle East.
Gulf Business
34 minutes ago
- Gulf Business
Red Sea International Airport begins handling both domestic and international flights
Employees of Red Sea International Airport/Image: Supplied Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and AMAALA, has announced that Red Sea International Airport (RSI) – operated by daa International – is now receiving both domestic and international flights, marking a significant step forward in its phased operations. Domestic services have transitioned to the airport's Main Terminal Building at Terminals 3 and 4, offering travellers an upgraded and seamless experience. International arrivals and seaplanes will continue to operate through the dedicated Air Taxi Terminal, ensuring smooth connectivity for visitors from around the world. Every arrival into RSI brings guests closer to the natural beauty and distinctive experiences of The Red Sea. Whether visiting for leisure, adventure, or business, travellers can expect a journey that reflects the destination's focus on innovation and hospitality. Located 90 km south of Al Wajh on Saudi Arabia's west coast, RSI is positioned within three hours' flying time for 250 million people and within eight hours for 85 per cent of the global population. More than a transport hub, RSI is designed to embody the vision of The Red Sea destination, offering a world-class passenger experience inspired by desert, oasis, and sea. With its main terminal set to be fully operational by the end of the year and more flight connections planned, RSI is preparing to become a gateway to one of the world's most unique tourism destinations, with a target to serve one million guests annually by 2030.
