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June 29, 2022

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Author name: Ahmed Sharaf

“Etisalat from & e in Egypt “signs a partnership agreement with” Raya trading ” to promote e-commerce

Etisalat from & e, Egypt’s leading telecommunications and technology company, has signed an exclusive partnership agreement with Raya Electronics, a subsidiary of Raya trading and distribution under the umbrella of Raya holding for financial investments, to enhance cooperation in the field of e-commerce and offer more electronics and home appliances via the E& E Etisalat …

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ITIDA Gears Up for its 13th Employment Fair, Showcasing 2400 Job Opportunities in Egypt’s Thriving IT and Offshoring Sector

The Information Technology Industry Development Agency (ITIDA) is set to organize its 13th Employment Fair Online Edition, on the 9th of March 2024. This event serves as a key platform connecting professionals, qualified calibers, and university graduates with leading ICT companies. ITIDA’s 13th employment fair offers over 2400 new job opportunities in the fields of …

ITIDA Gears Up for its 13th Employment Fair, Showcasing 2400 Job Opportunities in Egypt’s Thriving IT and Offshoring Sector Read More »

Japan announces US$2M funding for electrification in Angola

The Japanese authorities have approved a loan of around 2 million US dollars for electrification in southern Angola, the president of the Japanese International Cooperation Agency, Tanaka Akihiko, said last week in Luanda. Tanaka Akihiko disclosed the information at the end of an audience granted to him by the Angolan Head of State João Lourenço …

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Connect capital achieves consolidated net profit of EGP 692 million during 2023

The Consolidated Financial Statements of connect financial holding company revealed, during 2023, the company’s profits increased by 37.7%, year-on-year.The company’s net financing and fraud revenues during the past year amounted to about 1.74 billion pounds, compared to 1.45 billion pounds in 2022.It showed a combined net profit of 692,207,913 pounds compared to the company’s Net …

Connect capital achieves consolidated net profit of EGP 692 million during 2023 Read More »

instagram

Instagram announces the feature of editing messages after sending

The photo and video sharing platform Instagram has announced new options for the direct Messages direct messaging feature, referred to by the abbreviation DM, including the ability to edit messages after sending for up to 15 minutes. And in order to edit a post-sent message, the user presses on it for a long time, and …

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S & P Global expects devaluation of the pound to 40 pounds to the dollar

Standard & Poor’s Global expects to initially devalue the pound in banks to 40 pounds to the dollar over the next few weeks, before gradually reducing it back to 45 pounds within the next five to six months, according to the agency in a note quoted by the east economy website. The pound is likely …

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suez canal

Egypt is considering a new expansion of the Suez Canal to speed up transit times

Lieutenant General Osama Rabie, chairman of the Suez Canal Authority, stated that the project of full duplication of the canal’s navigable route is still in the study stage, which extends to feasibility studies, environmental studies, engineering and civil studies, soil research, dredging and other studies that the authority will be working on in cooperation with …

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The volume of intra-West African trade increased to 10 billion dollars 

East Africa’s economic outlook according to a recent survey is expected to be positive. This recent survey re-iterates the projections from a few sources, including the African Development Bank and the International Monetary Fund, both of which project growth in the East African region. The survey of CEOs reflects confidence in the subcontinent’s resiliency. Most …

The volume of intra-West African trade increased to 10 billion dollars  Read More »

“LEAP” conference announces investments exceeding 12 billion dollars to support the technology sector

The leap 24 international technical conference announced today the largest technology launches and investments of its kind in the region, worth more than USD 12 billion, to support the emerging and deep technologies, innovation and cloud computing sectors, develop digital skills, and stimulate investment in tech startups, thus contributing to strengthening the kingdom’s position as …

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Kaspersky: more than half of companies in the Middle East and Africa use AI in their business operations

A recent Kaspersky study has revealed that more than 50% of companies have implemented Artificial Intelligence (AI) and Internet of Things (IoT) in their businesses’ infrastructures. Additionally, 33% are planning to adopt these interconnected technologies within two years. In the Middle East, Turkiye and Africa (META) region 55% of respondents have implemented AI and 34% …

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