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.



Oil Prices Headed for Rebound This Week as US-China Trade Talks Resume

FILE PHOTO: Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor/File Photo
FILE PHOTO: Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor/File Photo
TT
20

Oil Prices Headed for Rebound This Week as US-China Trade Talks Resume

FILE PHOTO: Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor/File Photo
FILE PHOTO: Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor/File Photo

Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after US President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies.

Brent crude futures fell 11 cents, or 0.2%, to $65.23 a barrel as of 0634 GMT. US West Texas Intermediate crude gave up 12 cents, also 0.2%, to $63.25, after gaining around 50 cents on Thursday, Reuters said.

On a weekly basis, both benchmarks were on track to settle higher after falling for two straight weeks. Brent has advanced 2.1% this week, while WTI is trading 4% higher.

China's official Xinhua news agency said trade talks between Xi and Trump took place at Washington's request. Trump said the call had led to a "very positive conclusion," adding the US was "in very good shape with China and the trade deal."

Canada also continued trade talks with the US, with Prime Minister Mark Carney in direct contact with Trump, according to Industry Minister Melanie Joly.

The oil market continued to swing with news on tariff negotiations and data showing how trade uncertainty and the impact of the US levies are flowing through into the global economy.

"The potential for increased US sanctions in Venezuela to limit crude exports and the potential for Israeli strike on Iranian infrastructure add to upside risks for prices," analysts at BMI, a Fitch affiliate, said in a note on Friday.

"But both weaker demand for oil and increased production from both OPEC+ and non-OPEC producers will add to downside price pressures in the coming quarters."