IT-Telecom News
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Mobile internet users up by 12.5% in 2022 in Egypt
Egypt has seen a 12.5 percent increase in the number of mobile internet users up till the end of October 2022.
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Uber launches ‘Smart Itineraries’ feature in Egypt
The feature will display upcoming travel plans from google accounts allowing users to reserve an Uber to and from specific locations.
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Digital transformation empowers women, creates new jobs
Women are more stable in the job, and that there are certain jobs that are not suitable for men in the field of technology, such as conducting tests.
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Rowad 2030, VictoryLink sign MoU to support startups
The objectives of the memorandum mainly focus on enabling joint cooperation mechanisms between the two parties to provide integrated services.
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Senate approves draft law establishing Digital Egypt Fund
The Digital Egypt Fund aims to activate several digital services and promote digital transformation to ensure sustainability.
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valU and PayTabs Egypt team up with TicketsMarche to offer payment solution
The tie-up aimed at enabling TicketsMarche’s customers to finance and pay for their ticket purchases through valU and PayTabs Egypt.
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Egyptian B2B fresh produce platform Mahaseel Masr raises funding to scale
Mahaseel Masr is a smart digital platform that provides a wide range of digital tools to facilitate transactions online reliably and securely.
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Valeo has invested around €0.5bn in Egypt over the past 10 years
Valeo is a tech company that works in the field of smart mobility with a particular focus on the development of safety on roads.
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Fawry joins together with Classera to encourage digital payments in Egypt’s educational sector
As part of this partnership, “Fawry” provides Classera customers with all technology solutions and integrated digital payment services.
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OPPO denies exit from Egyptian market, announces new investments
Moreover, OPPO plans to continue its ambitious strategy in Egypt during the coming period, it added.
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11 Egyptian startups secure $508.5M financing in 2022
The fintech and e-commerce sectors topped the list on the basis of both the number of companies and the value of finance in 2022.
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Launch of Menthum – a pioneering digital saving solution in Egypt
Brings together a novel product concept, an innovative workflow, and a money market fund to create a comprehensive CX.
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CBE offers one-year incentives to support e-payments
Under new incentives, Egyptian pound-backed transactions made online will be exempted from all fees until December 2023.
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Egypt’s ICT sector grows 16.7% in FY21/22
More than 165 government services were offered on Egypt’s Digital Platform.
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Senate approves Egypt’s Digital Fund bill
The Senate, under Abdel Wahab Abdel Razaq, Sunday approved Egypt’s Digital Fund bill that was submitted by the government.
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Recession hits mobile market due to high prices, supply shortage
Prices of mobile phones rose at approximately the same rate as the pound’s price drop against the dollar.
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Fintech Galaxy buys Egypt’s open banking platform Underlie
Underlie is an open banking platform, which offers application programming interfaces (APIs) to banks and businesses.
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CheckMe acquires Doctor Online through Exits MENA
CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners safely.
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Egypt hosts second meeting of African AI Working Group
Egypt has hosted the second meeting of the African AI Working Group at Sultan Hussein Kamel Palace in Cairo.
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19 newcomers join Forbes Middle East's Top 50 most-funded startups 2022
The 50 most-funded startups in MENA have raised nearly $3.2 billion in combined funding.