IT-Telecom News
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Egypt sells 10% stake in Telecom Egypt for $128.8mln
Large portion of the stake was purchased by local investors, while Arab and foreign investors just acquired a limited number of the offered shares.
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Egypt, Germany collaborate on innovation support project for General Administration
The objective is to support innovation and collaboration to establish a lab for developing government applications.
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Telecom Egypt might add additional 10% stake on Egyptian Exchange
The government has set the indicative price for the offering at LE 22.25 per share, which represents an offering size of approximately LE 3.8 billion.
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Egypt is said to plan selling further 10% stake in Telecom Egypt
The drive is part of a broader program to revamp Egypt’s economy.
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Telecom Egypt hails final 2Africa cable landing
The cable system is expected to be completed in 2024 and will stretch 45,000km connecting 33 countries through 46 landings
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Bango, TPAY, and Etisalat Egypt launch Direct Carrier Billing with Google
This partnership provides Etisalat customers the ability to pay for in-app purchases and services subscriptions through their mobile number.
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This Week's Digital News: Security First
In this week's digital news we discuss the war on passwords, how Samsung banned ChatGPT, Google verification and why police is training robots.
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Egypt's Benya, UAE's Khazna to establish high-density data center at Maadi Technology Park
The GAFI chairman and the Emirati ambassador also discussed establishing partnerships in African markets to capitalize on the trade agreements.
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Egypt’s MisrSat-2 Passes Another Milestone
According to the EgSA’s, the initial phase of the testing process has been completed under the supervision of the China National Space Agency.
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Orange Egypt signs a cooperation agreement with Contact
To provide customers with consumer finance services and exclusive installment offers.
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AI is creating new business models
In this week's digital news podcast, our CEO Dr. Torsten Schwarz discusses how AI is bringing new business models.
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Software AG aims to establish Egypt as nearshore centre for MET region
Software AG has recently expanded its operations in the Middle East and Turkey (MET) region with foray into Egypt.
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Egypt Is Pivotal Country in Data Transfer: IDSC
Egypt is the second largest country in the world, where maritime internet cables go through its coasts.
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43% of electronics consumers in Egypt give names to their smart devices
Moreover, 88% of users in the region feel sympathy for their devices if they are damaged, dropped, or broken.
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Egypt's GAFI Will Launch a Digital Platform To Establish Firms Online
GAFI Egypt is launching a digital platform that will allow investors to establish companies online starting June 1st.
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Egypt sets law penalizing disclosing telecommunications customer data
A penalty of imprisonment for a period of no less than three months and a fine of no less than LE5,000 and no more than LE50,000 can apply.
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Digital transformation essential for growth: Dell Technologies
The increase in digitization and interdependence between people, organizations, and machines is greatly affecting the economies of the world.
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Salah loses Twitter Blue Tick
Egyptian Singer Amr Diab, and football star Mo Salah were from the officials accounts who lost their verification.
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2Africa cable lands at Port Said, Egypt
The Meta-led 2Africa subsea cable has made landing at Port Said on Egypt’s Mediterranean coast.
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Egypt: Suez Canal Technology logs $19.6mln consolidated profits in H1-22/23
In Q1-22/23, the company witnessed an annual rise in consolidated net profit.