22nd Oct 2014 08:03
LONDON (Alliance News) - Tungsten Corporation PLC on Wednesday said its Tungsten Network has received compliance approval in Qatar, meaning it can begin to sell the service in the country.
Tungsten said the deal means its e-invoicing network is now compliant in 47 countries.
"Achieving Qatari compliance brings us another step closer to our goal of becoming the world's largest electronic trading network," said Edmund Truell, chief executive officer of Tungsten.
"The Middle Eastern nation is one of the world's fastest growing economies and our expansion into Qatar was prompted by requests from a number of our customers who have identified it as an increasingly important market," Truell added.
Tungsten shares were up 1.6% to 315.86 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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