Cloud Computing
Palestinian Phone Company Offers Cloud Computing

(Bloomberg) — Cloud computing is coming to the West Bank.
Palestine Telecommunications Co. has built a $10 million data center in Ramallah to position the Palestinian Authority as a networking bridge from the Middle East to Europe.
The hub opens later this year offering co-location, cloud-based disaster recovery, back office, and other services. PalTel has sold all of the capacity to Palestinian banks and institutions and already has plans to expand, Chief Executive Officer Ammar Aker said by phone.
The territory’s biggest phone company has suffered from declining sales in recent years due to competition from Wataniya Palestine Mobile Telecommunications Public Shareholding Co. and Israeli operators offering faster data service at lower prices.
While the data hub is a first for PalTel, Aker said he was in talks with major multinational businesses interested in using the site.
“Return on investment will be immediate,” Aker said.
More worrying to Aker are the finances of the Palestinian Authority, which has been hit by a U.S. decision to cut aid and a tax dispute with Israel. He said the local government owes PalTel $60 million but the company, the territory’s largest employer, may never see the money.
“The financial situation of the Palestinian Authority is frightening for anyone doing business in Palestine,” said the executive, who has worked for PalTel for two decades. “You have to deal with challenges of a different shape every day and hope things on the ground will improve.”
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
You must be logged in to post a comment Login