Huawei Cloud hosted its first Fintech Summit 2024 in Egypt under the theme “Unlock New Growth with Huawei Cloud” to shed light on end-to-end cloud services tailored for fintech in Egypt. The summit, which brought together key stakeholders in Egypt’s fintech ecosystem, showcased Huawei Cloud’s cutting-edge solutions designed to address the specific needs of fintech companies. These include Huawei Cloud KooVerse, with its extensive global coverage of 33 Regions, 93 availability zones, and over 2,800 CDN nodes worldwide, offering low-latency infrastructure for seamless payment processing, and cloud-native database solutions that provide superior performance and scalability. This robust infrastructure is crucial…
Author: nour mohamed
Majid Al Futtaim, a leading pioneer in shopping malls, communities, retail, and leisure across the Middle East and Africa, celebrated City Centre Almaza’s fifth anniversary, underscoring its significant achievements in fostering economic growth, community engagement and innovative shopping experiences since entering the Egyptian market. A press conference was held to highlight the mall’s focus on sustainability, local economic contributions and creating memorable experiences for every visitor. A Transformative Investment in Egypt’s Retail Landscape With strategic investments totalling approximately $550 million, City Centre Almaza has profoundly impacted Egypt’s retail sector. These investments have enabled infrastructure enhancements, thousands of job opportunities, and…
Dell Technologies signed a Memorandum of Understanding (MOU) with Hassan Allam Holding at Dell Technologies Forum in Cairo on October 8th. Through this agreement, Dell will provide services and solutions across servers and storage and potentially extend the collaboration to include client, backup, and recovery solutions. The MoU was signed by Tarek Heiba, Managing Director, Egypt at Dell Technologies and Aly Kouriem, Group IT Director, Hassan Allam Holding to fuel growth and enhance efficiency across various operations.
e& International has signed a memorandum of Understanding (MoU) with global tech leaders Huawei, Ericsson, Nokia, and Intel to transform its mobile networks using artificial intelligence (AI). Centered around a shared ambition to revolutionise e&’s mobile network infrastructure, this landmark collaboration is set to redefine the telecommunications landscape by laying the groundwork for an “autonomous network” strategy that aligns with the Group’s digital transformation objectives. Backed by TM Forum, an alliance of 800+ global companies this association aims to help e& achieve Level 4 autonomy in its mobile networks by 2030, a major milestone in its digital transformation journey to…
Samsung Electronics today announced it has been recognized by Interbrand, a global brand consultancy, as a “Global Top 5” brand for the fifth year in a row. Interbrand releases its list of “Best Global Brands” each year, and on this year’s list, it was revealed that Samsung’s brand value reached $100.8 billion and grew by 10% year on year. The significant increase in Samsung Electronics’ brand value was driven by growth in the AI industry, particularly its leadership in on-device AI and competitiveness in the semiconductor sector. Since its first top-five ranking in 2020, Samsung Electronics has experienced an impressive…
Deloitte has officially launched its Innovation Hub in Cairo, marking a significant milestone in its commitment to driving innovation and harnessing top-tier talent in Egypt. The event was graced by the presence of His Excellency, Amr Talaat, Egypt’s Minister of Communications and Information Technology, along with CEO of the Egypt’s Information Technology Industry Development Agency (ITIDA), Ahmed El Zaher. The official delegation was received by the CEO of Deloitte North and South Europe, Richard Houston, the CEO of Deloitte Middle East, Mutasem Dajani, in addition to Deloitte Innovation Hub leader, Hani Girgis. This strategic investment, totaling $30,000,000 over three years,…
The Creative Industry Summit Annual Festival 2024 marked a milestone in the creative economy with a stellar celebration of its 10th anniversary, held on October 21-22 at Cairo Business Park, by its strategic partner Misr Italia Properties, for the third consecutive year. Themed Impact Beyond Years, this year’s festival brought together over 170 speakers and thousands of attendees from across the MENA region and the globe. The festival addressed critical challenges and opportunities through dynamic panel discussions, keynote speeches, fireside chats, and workshops across industries such as marketing, advertising, fashion, design, visual arts, film, TV, media, technology, Artificial Intelligence, real…
e& and PPF Group (“PPF”) today announced the successful completion of their landmark partnership, with e& acquiring a controlling stake (50% plus one economic share) in the service and infrastructure companies of PPF Telecom Group (“PPF Telecom”) across Bulgaria, Hungary, Serbia and Slovakia. This acquisition marks a significant step in e&’s ongoing global expansion ambitions, diversifying and growing its geographical presence to 38 countries. This milestone is poised to transform the telecom landscape in the Central and Eastern Europe (CEE) region and deliver enhanced value to over 10 million customers across the four markets. The partnership will provide them access…
The National Telecommunications Regulatory Authority of Egypt (NTRA) announced it will start taking all necessary legal measures against a well known real estate company and refer it to Prosecution after getting many complaints from citizens about receiving telemarketing calls increasingly from this company during the recent period of time, and double-checking the validity of such complaints. NTRA also made sure these calls were conducted in violation to law, as well as to the regulations issued by NTRA on using mobile lines for conducting commercial as well as telemarketing calls. Furthermore, NTRA confirmed it will start taking all legal measures against…
Suez Canal Bank has signed a facility agreement worth EGP 1.2 billion with Madkour Group. This collaboration aims to strengthen the bank’s partnership base by providing innovative and flexible financing solutions to various organizations, thereby contributing to the expansion of their operations and the achievement of their strategic objectives. The signing ceremony was attended by Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, Mr. Shehab Zidan, Deputy CEO and MD, Mr. AlHaytham ElKobbrosly, Head of Corporate and Investment Banking Services of Suez Canal Bank, Dr. Mostafa Madkour, Chairman and CEO of Madkour Group, Mr. Haitham Kassem,…
تقترب دبي من أن تصبح مدينة «لا نقدية» بحلول عام 2026، وذلك وفقاً لاستراتيجية «دبي اللانقدية» التي تهدف إلى التخلص التدريجي من المعاملات النقدية في القطاعين الحكومي والخاص، ما يقود المدينة نحو أن تصبح بلا نقد تماماً. وبحلول عام 2026، من المتوقع أن تكون 90% من جميع المعاملات رقمية، ما سينتج عنه فوائد اقتصادية كبيرة، بما في ذلك زيادة متوقعة تزيد على 8 مليارات درهم سنوياً. وأوضح تقرير لمجموعة «أول سوب & أول سوب»، أن استبدال النقود الورقية والعملات المعدنية بالمعاملات اللانقدية سيفسح المجال للبدائل الرقمية مثل «آبل باي» و«جوجل باي» أو «سامسونج باي». ومن المتوقع أن تتعامل جميع الشركات…