Bahrain Completes Preparations to Launch 5G Network

A display of smartphones at last year's Mobile World Congress. AFP file photo
A display of smartphones at last year's Mobile World Congress. AFP file photo
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Bahrain Completes Preparations to Launch 5G Network

A display of smartphones at last year's Mobile World Congress. AFP file photo
A display of smartphones at last year's Mobile World Congress. AFP file photo

Bahrain announced that it has completed preparations to launch 5G mobile networks, putting it on track to be one of the first countries in providing commercial 5G services to consumers by the end of 2019 once devices are made available.

Transportation and Telecommunications Minister Kamal bin Ahmed Mohammed has announced that the Telecommunications Regulatory Authority (TRA) is scheduled to allocate licensing and spectrum by the first week of April.

Mobile operators in Bahrain have started rolling out the necessary network infrastructure, said the minister, adding that commercial services will become available by June.

The Minister admitted the project faced a lot of challenges, namely the method of ensuring spectrum's availability, but overcoming these obstacles was possible due to the efforts of “Team Bahrain” that includes elite representatives from both the public and private sectors.

This “demonstrates how Bahrain can make a swift progress … in partnership with technology pioneers in the world.”

With the new 5G technology, users will be able to transfer bigger volume of data at higher speeds, which in turn, enables the development and implementation of technologies required for autonomous driving vehicles that need up to 100Gb of data per second to operate, explained the Minister.

This places Bahrain among the world’s leading countries in adopting the 5G technology and makes the Kingdom more appealing for companies that use the next-generation technologies such as autonomous vehicles and VR.

In June 2018, Bahrain held several successful commercial trials for 5G technology and all licensed operators are preparing to provide commercial 5G services.

The products and services will allow Bahraini companies to tap into the global 5G services market, which is anticipated to grow from an estimated $60 billion in 2020 to an estimated $125 billion in 2025.

The Kingdom’s ranking is high in global ICT indices, being the first in the Arab region on the ICT Development Index (IDI) of UN’s International Telecommunication Union (ITU), and ranking 4th globally in the UN’s Telecommunications Infrastructure Index (TII) of the E-Government Development Index (EGDI) in 2018.



Gold Prices Hold Steady as Investors Await US Fed Policy Cues

A participant shows gold bars during the 21st edition of the international gold and jewelry exhibition at the Kuwait International Fairgrounds in Kuwait City on May 23, 2024. (Photo by Yasser AL ZAYYAT / AFP)
A participant shows gold bars during the 21st edition of the international gold and jewelry exhibition at the Kuwait International Fairgrounds in Kuwait City on May 23, 2024. (Photo by Yasser AL ZAYYAT / AFP)
TT

Gold Prices Hold Steady as Investors Await US Fed Policy Cues

A participant shows gold bars during the 21st edition of the international gold and jewelry exhibition at the Kuwait International Fairgrounds in Kuwait City on May 23, 2024. (Photo by Yasser AL ZAYYAT / AFP)
A participant shows gold bars during the 21st edition of the international gold and jewelry exhibition at the Kuwait International Fairgrounds in Kuwait City on May 23, 2024. (Photo by Yasser AL ZAYYAT / AFP)

Gold prices remained steady on Wednesday, as investors awaited the US Federal Reserve's decision on interest rates due later in the day, while also focusing on US President Donald Trump's trade policies following his tariff threats.

Spot gold eased 0.2% to $2,758.49 per ounce by 09:55 a.m. ET (1455 GMT), while US gold futures rose 0.3% to $2,775.60, widening the premium over spot gold rates.

The Fed is scheduled to release its latest policy decision and statement at 2 p.m. EST (1900 GMT), with Fed Chair Jerome Powell due to hold a press conference half an hour later to elaborate on the meeting.

The US central bank is widely expected to hold interest rates steady as it awaits further inflation and jobs data and more clarity on the economic impact of Trump's policies before deciding whether to cut borrowing costs again.

"However, the Fed's commentary in regards to the potential for an interest rate cut in the March meeting is going to be in focus," said David Meger, director of metals trading at High Ridge Futures.

Gold prices neared all-time highs last week after Trump called for lower interest rates. Bullion tends to thrive in a low-interest-rate environment as it yields no interest.

Prices, however, retreated sharply on Monday as a sell-off in technology stocks, driven by Chinese AI model DeepSeek, sparked a rush to liquidate bullion to counter losses, according to Reuters.

The sell-off in the stock market seen on Monday may not be over and the unpredictability of Trump's policies is contributing to an increased demand for gold as a safe-haven, said Jim Wyckoff, a senior market analyst at Kitco Metals.

Trump still plans to make good on his promise to issue tariffs on Canada and Mexico, and his policies are widely seen as inflationary.

Elsewhere, spot silver gained 1.7% to $30.92 per ounce, platinum also added 0.5% to $946.45. Palladium was up 0.8% to $962.50.