Technology – Daily News Egypt https://ww.dailynewssegypt.com Egypt’s Only Daily Independent Newspaper In English Thu, 18 Jul 2019 10:08:25 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 Russia’s Optical Museum: a blend of education and entertainment https://ww.dailynewssegypt.com/2019/07/17/russias-optical-museum-a-blend-of-education-and-entertainment/ Wed, 17 Jul 2019 13:02:16 +0000 https://www.dailynewsegypt.com/?p=702935 We dream to prepare OptoClones from best treasures in international museums, says Stafeev

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Saint Petersburg –The Optical Museum in Saint Petersburg is the first Russian interactive educational exposition. It was created as a part of the innovative educational programme of the National Research University of Information Technologies, Mechanics and Optics (ITMO).

It is located in one of ITMO University’s buildings which was the house of a very famous Russian merchant called Eliseyev (before the revolution), and was the “birthplace of holography,” according to Professor Sergei Stafeev of the Faculty of Physics and Engineering at ITMO University. 

As part of a media trip organised by ITMO University, Daily News Egypt was invited along and had the chance to tour the museum and learn about its exhibitions. The museum contains 11 halls which recount the history of optics and modern technologies, each exhibit illustrates a particular optical phenomenon. 

Stafeev said that the museum is not only for holograms but it is also interested in all optical phenomena. He explained that the museum is about 400 sqm, and holds about 200 different exhibits about holography and all optical phenomena, mirrors, and history of optics.    

The museum aims to activate the concept of edutainment, which mixes education with entertainment, to make scientific knowledge more interesting for audience, particularly children. 

Visitors to the museum can freeze their own shadow, become the lord of particles, and even fly a little. The interactive format in the museum gives visitors the opportunity to study science with interest. 

In 2015, the museum hosted the Magic of Light exhibition organised by ITMO University, in cooperation with the Greek Hellenic Institute of Holography. In 2016, the museum held the Living Light Exhibition (Light Alive), which told visitors about the magical and beautiful properties of light. Magic of Light made a trip to Moscow (2016) and Shanghai (2019).

Stafeev noted that the museum has one of the best types of holograms in the world, called OptoClones, which is an ultra-realistic full-colour hologram that creates the illusion of the physical presence of a three-dimensional object. The project was recognized in 2015 by the International Association of Holography as the best project. 

The holograms include some of the most popular treasures of the Russian Empire: Fabergé Imperial Easter Eggs and objects from the Moscow Diamond Fund.

“We have a dream to prepare the OptoClones from the best treasures of the most famous worldwide museums, and if we did that, we can prepare an absolute unique holographic museum,” Stafeev said. He explained further that this technique could be used after that in metropolitan cities to display international treasures. 

“If you really like to know some science, you need to know the history of this science. In 1961, one of the students of our institution, Yuri Denisyuk, started to think about a three-dimensional image of the real object and then invented volume holography; the process used to make white light reflection holograms,” said Stafeev. 

He added that in 1962 Denisyuk invented the method of image recording in three-dimensional environments allowing one to save information about phase, amplitude, and the spectral structure of the wave coming from an object. Denisyuk also used mercury arc lamps as a light source.

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MTI plans to merge Bee, Masary e-payment platforms by 2020 https://ww.dailynewssegypt.com/2019/07/16/mti-plans-to-merge-bee-masary-e-payment-platforms-by-2020/ Tue, 16 Jul 2019 06:20:46 +0000 https://www.dailynewsegypt.com/?p=702788 Investor Relations and Business Development Manager at MTI, Ashraf El-Ghannam, said the group will focus on enhancing profitability by increasing contribution of high-profit-margin business lines, and replicating MTI’s business model to its recently consolidated subsidiary Qanawat.

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MM Group for Industry and International Trade (MTI) plans to merge its e-payment platforms, Bee and Masary, by 2020, in addition to increasing high-profit-margin products.

Investor Relations and Business Development Manager at MTI, Ashraf El-Ghannam, said the group will focus on enhancing profitability by increasing contribution of high-profit-margin business lines, and replicating MTI’s business model to its recently consolidated subsidiary Qanawat.

Al-Ghannam added that MTI targets to increase its business volume to EGP 20bn by the end of this year or the beginning of 2020.

He noted that MTI intends to develop Ebtikar, a non- banking financial services platform, to focus more on microfinance services.

MTI targets EGP 11.0bn in sales during 2019, including the expected EGP 3.0bn from Qanawat. The gross profit margins are distributed as follows: Samsung Mobile 6%, Huawei Mobile 8%, Qanawat 7%, Bosch 15%, telecom 4.2-4.6%, automotive 15%, and pipes and tractor over 30%.

MTI supports its core operations with a NBFS arm through its investment in Ebtikar.

Masary is an e-payment company with 80.0k points of sale. Bee is a pioneering tech company in payment solutions with 70.0k point of sale.

Tamweel Mortgage Finance is a platform of four companies operating in: leasing, mortgage finance, factoring, and insurance brokerage and collection.

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Facebook to be fined $5bn for privacy violations  https://ww.dailynewssegypt.com/2019/07/13/facebook-to-be-fined-5bn-for-privacy-violations/ Sat, 13 Jul 2019 19:53:28 +0000 https://www.dailynewsegypt.com/?p=702585 Neither Facebook nor FTC commented on matter so far

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The United States Federal Trade Commission (FTC) has approved a $5bn fine against Facebook for mishandling users’ personal information in a settlement for the case, according to the New York Times. 

The commission investigated allegations of the use of Cambridge Analytica, a political consulting company, on the personal information of 87 million users on Facebook without their permission.

The commission voted in favour of fining Facebook this amount by three to two. Once confirmed, this would be the largest ever fine imposed by the FTC against a technology firm.

Neither Facebook nor the FTC commented on the matter so far.

Investigations into Facebook violations were launched by the FTC in March 2018 after reports showed that Cambridge Analytica had received data of a about a dozen million Facebook users.

Investigations focused on whether Facebook violated the agreement in 2011 which stresses that users should be notified and approve of sharing their data to a third party.

The FTC’s decision still requires several procedures by the Civil Department of the United States Department of Justice to be final. Inevitably, this process could take time. 

The British political consulting firm, Cambridge Analytica, has managed to access data of millions of Facebook users, some of which were allegedly used to psychologically influence US voters during the 2016 election.

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New technology by Philip Morris to provide less harmful alternatives to smoking https://ww.dailynewssegypt.com/2019/07/07/new-technology-by-philip-morris-to-provide-less-harmful-alternatives-to-smoking/ Sun, 07 Jul 2019 10:30:07 +0000 https://www.dailynewsegypt.com/?p=701975 Tobacco industry presently undergoing drastic changes. Past few years witnessed great development in use of modern technology to develop better tobacco and nicotine products

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Lausanne- “Designing a smoke-free future” is the goal of Philip Morris International (PMI), said the company’s Manager Market Campaigns & Initiatives, Anna Bodi, during a presentation for a group of journalists, Daily News Egypt included, at the company’s Research and Development (R&D) centre in Switzerland.

PMI aims to offer smoke-free alternatives that have the potential to reduce the risk of developing smoking-related diseases, as compared with continued smoking, Bodi added, explaining that this is why PMI decided to create an R&D centre in 2009. “We work on developing products that are satisfying to current adult smokers, so they can fully switch.”

Smoking cigarettes causes several serious diseases and increases the risk of early death. In fact, based on population trends and the World Health Organization (WHO), it is estimated that there will be more than 1 billion smokers by 2025, about the same number currently exists.

“Given this number, and as the technology now exists and continues to develop, it makes sense to offer consumers, less harmful, yet satisfying, smoke-free alternatives,” said Bodi. 

According to international statistics, a person dies every six seconds due to smoking-related illness, and half of smokers will die from a disease directly linked to their use of combustible tobacco or traditional smoking.

The criticisms tobacco companies face and the huge technological revolution sweeping the world have led these companies to think of alternative products for smokers; products that companies say are “less harmful” than conventional smoking.

According to the Global Forum on Nicotine held two weeks ago in the Polish capital, Warsaw, e-cigarettes can be less harmful by  95% compared to traditional cigarettes. Moreover, according to presentations in the Global Forum, there are numerous markets that have started commercializing smoke-free alternatives, including most of European countries, Japan, South Korea, Canada, New Zealand, and many more.

As per an international report issued by the Foundation for a Smoke-Free World in New York, about a billion people around the world smoke and there are more than 7 million people that die each year as a result of smoking. This is all while the sales of nicotine products in 2017 reached $785bn, of which 89.1% were cigarettes.

The report shows that there is a clear growth in the sales of e-cigarettes, where the estimated sales of electronic products reached $11.4bn, up by 21% compared to the previous three years. Meanwhile, Heated Tobacco Products (HTPs) saw sales of $6.3bn, up by 52% against the previous three years, out of which 85% in Japan alone.

The report said that e-cigarettes, in general, have recently seen a clear growth compared to traditional cigarettes, adding that the top players in the tobacco industry turned into the next generation of tobacco and nicotine products, where Philip Morris International’s IQOS for example is currently present in 48 markets around the globe.

In the same context, Japan Tobacco aims to offer PloomTech outside its home country, including the US, Canada, and Switzerland. Moreover, British American Tobacco will also introduce heating-based products in South Korea, Russia, Romania, Canada, and Switzerland.

“We welcome the competition because it means more research. At the same time, we are not afraid of competition. We started the journey since the early 1990s, so we have a good experience in the field,” concluded Bodi.

Different innovations

The R&D centre gave the opportunity to move from very little innovations to different innovations, said Nuno Fazenda, Program Manager Scientific & Public Communication at PMI.

He explained that the process of burning cigarettes is the main harm component and trigger, noting that nicotine itself, while addictive and not risk-free, is not the primary cause of smoking-related disease.

“PMI’s R&D decided to develop products that deliver nicotine, the taste and the flavour, without the combustion factor. We develop a lot of products, and IQOS is currently our most advanced one,” explained Fazenda. 

And that’s why, after only four years, 10 million adult smokers are using it, of which 7.3 million have made a full switch and abandoned cigarette smoking altogether. 

“IQOS uses the principle of heating tobacco instead of burning it, which in itself has been around for over two decades. However, it is only now that we have finally managed to find ways to heat tobacco in such a way that satisfies adult smokers. IQOS uses sophisticated electronics to heat specifically prepared and blended tobacco,” Fazenda added.

The PMI is building a future on smoke-free products (also referred to by the company as Reduced Risk Products or RRPs) that are a much better consumer choice than continuing to smoke cigarettes.

In its 2017 sustainability report, PMI stated the ambition that by 2025, at least 30% of its revenues would come from smoke-free products.

According to international research conducted by the US Food and Drug Administration (FDA) and Health Canada, IQOS users achieve between 90-95% of what they can achieve if they quit smoking. “The aim is to demonstrate that the toxicity of the aerosol from smoke-free products is lower than that of cigarette smoke.”

In this context, IQOS was authorized for sale by the FDA on 30 April 2019, to be the first Heated Tobacco Product qualified for sale in the US.

The sales of IQOS, according to the presentation of the PMI’s R&D, registers 10.4 million in the first quarter (Q1) of 2019, compared to the 2.9 million in Q1 in 2017. (70% quit smoking completely and switched to IQOS).

Egypt is a key market

Philip Morris is a key player in Egypt’s economy, as Philip Morris Misr (PMM) is the top international player in the Egyptian tobacco industry, with a 24% market share and around one-third of the total tobacco taxes revenues.

The company provides numerous job opportunities, as it employs around 2,500 people, whether directly or indirectly, across its value chain, including manufacturing, supply chain, and distribution among others. This comes in addition to over 100,000 retailers who sell Philip Morris products on a daily basis.

“The industry has significantly evolved, and PMM has been playing a major role in its development. The Egyptian market is witnessing strong competition, thanks to the presence of international tobacco companies within Eastern Company. Eastern Company manufactures a total of 86bn cigarettes annually for all tobacco companies operating in Egypt,” PMI’s Managing Director Egypt & Levant, Vassilis Gkatzelis, told Daily News Egypt.

“Egypt is a key market for us, and has great potential for a smoke-free future. We would like to offer better alternatives to adult smokers in Egypt,” he added.

When will IQOS be introduced in Egypt?

PMM is working with the Egyptian government and its partners to turn this into a reality; however, no launch date has been set yet, Gkatzelis said. Regardless, IQOS would be launched after obtaining all regulatory approvals.

As for pricing, he noted that it is too early to announce the device’s price, while adding that “we are targeting all segments of Egyptian smokers.”

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E-commerce sales in Egypt grew by over 150%, mobile purchases make over 1/3 in 2018: Admitad https://ww.dailynewssegypt.com/2019/06/26/e-commerce-sales-in-egypt-grew-by-over-150-mobile-purchases-make-over-1-3-in-2018-admitad/ Wed, 26 Jun 2019 16:27:55 +0000 https://ww.dailynewssegypt.com/?p=701208 Online sales in Egypt on Black Friday are 940% more than any other Friday, average purchase amount $87

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The e-commerce market is expected to grow rapidly, on the back of Egypt’s number of online users, giving the country the top rank in the Middle East and North Africa (MENA) region, in terms of users, according to Admitad, MENA’s most recent report.

The report indicates that that the growth of e-commerce in Egypt will be impressive, especially that by 2030 more than 4,000 post offices are expected to open, and internet networks (5G) will be upgraded.

Admitad believes that Egypt’s e-commerce is on a growth path, citing the fact that although the internet is available to less than half the population of Egypt, online shopping is actively developing here. The average purchase amount of a customer who follows the affiliate link already exceeds $100.

However, the country is not yet at its full potential. The report indicates that currently, only about 15% of internet users over the age of 15 are engaged in online shopping, the dominant customer category is middle-aged men living in large cities.

 

Mobile purchases are on the rise, holidays drive growth

According to Admitad mobile commerce (m-commerce), the number of mobile sales has significantly increased, exceeding 1/3 of all purchases made by users from Egypt over the year, most of which are using Android devices (95%), and a mere of 5% are through iOS devices.

The year of 2018 witnessed a huge growth in e-commerce, with more than 150% in both sales and number of purchases.

“This makes Egypt one of the most actively developing countries in the region both in the affiliate marketing and e-commerce,” said the report.

Holidays are one of the main drivers of growth, as the report points out, citing the fact that Egyptians celebrate the New Year, as well as traditional Muslim holidays (Ramadan and Eid-Al-Fitr).

Furthermore, other sale festivals such as “Singles Day” (November 11) and Black Friday (last Friday of November) played a role.

According to Picodi, about 74% of the population know about Black Friday, while about 34% of the population participate in it (last year the figure was 28%).

The share of people who preferred offline stores during the sales season has decreased from 32% to 25%, while the number of online purchases (via desktop and mobile devices) has increased from 50% to 54% over the year. In 2018, 20% of buyers preferred to use all available opportunities and participate in both offline and online sales.

Statistics indicate that the number of online sales in Egypt on Black Friday is 940%–more than any other Friday of the year. The average purchase amount on this day is approximately $87, while the average discount is 40%. Most of the cash was spent on clothing, shoes, and equipment on that day.

 

Egyptians’ average spending on e-commerce by month

According to the report, Egyptians’ expenses depend not only on holidays and sales, but also on the income amount, which is affected by different seasonal factors.

The most prominent factor is the tourism seasonality because it is one of the main sources of cash flow into Egypt, according to the report, thus the average basket amount shows growth peaks in the high tourist season.

Not only Egyptian, but also Russian holidays typically influence the average purchase amount and the number of purchases as they are the demand accelerators for the most expensive tours. The average purchase amount reaches its peak at the end of the year. For instance, in December it exceeds $250 for one sale.

 

 

 

Social media, led by Facebook are the main traffic source

The highest source of income for online advertisers was from social media, and Facebook was the most popular among them. It is visited by more than 80% of internet users daily.

However, the report indicates that the most purchases in 2018 were made by Egyptian users through cashback services, which allow the return of a part of the purchase cost. Stores based on drop shipping model rank second.

 

 

 

 

 

What did Egyptians buy most?

Chinese goods are an Egyptian favourite as according to Admitad as most of all purchases in 2018 in Egypt were made in the category of ‘Goods from China’, followed by ‘Household Appliances & Electronics’ in the second place, and ‘Online Supermarkets’ in third.

On the other hand, demand for services from the category “Travel & Tourism” was extremely low in Egypt, unlike other Arab countries.

However, according to the report, despite the relatively low demand for travel services, the high average purchase amount has made this category one of the most profitable.

 

Which categories do Egyptians spend most in?

The report indicates that ‘Online Services’ and ‘Arts & Crafts’ brought the highest rate in 2018 — from 26% to 27%. Working in such categories as ‘Sport’, ‘Kids Shops’, ‘Clothing & Shoes’, ‘Books’, ‘Health & Beauty’, and ‘Gifts & Flowers’, Egyptian publishers earned from 8% to 13% of the purchase amount for a confirmed order.

The highest ticket (spending in one go) could be seen in ‘Travel & Tourism’ — more than $400 for one sale. Such categories as ‘Cars’, ‘Furniture & Home Decor’, and ‘Clothing & Shoes’ rank second, with an average amount of $150 to $250.

Moreover, the average size of shopping cart in ‘Food & Food Delivery’ exceeded $100, while in ‘Online Supermarkets’, ‘Pet Stores’, ’Health & Beauty’, ‘Sport’, ‘Kids Shops’, ’Household’, and ‘Appliances & Electronics’ stayed at $50 to $90. As for the other categories, the average amount was about $30 per purchase.

According to the report, the average publishers’ income in most categories did not exceed $10 per confirmed order. Such categories as ‘Clothing & Shoes’ and ‘Travel & Tourism’ allow earning more than $15 per order. ‘Sport’, ‘Health & Beauty’, and ‘Kids Shops’ brought more than $7 from one paid order.

Most of the traffic in 2018, for the ‘Online Supermarkets’ category delivered advertisers the highest turnover from publishers working with social media communities, followed by blogs — projects with text and video content — which ranked second after a big gap.

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Egypt’s legislators pass country’s first Data Protection Regulation Law https://ww.dailynewssegypt.com/2019/06/22/egypts-legislators-pass-countrys-first-data-protection-regulation-law/ Sat, 22 Jun 2019 00:40:03 +0000 https://ww.dailynewssegypt.com/?p=700739 The data protection regulations were finally approved by parliament on Monday, June 17. The regulations are to protect data and privacy for all Egyptian citizens and European Union citizens in Egypt

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Due to the increasing developments of the internet, maintaining personal data has become very difficult. Hence, under the state’s efforts to prevent illegal spreading of personal data over the internet, the country will apply data protection regulation in Egyptian Law.
The data protection regulations were finally approved by parliament on Monday, June 17. The regulations are to protect data and privacy for all Egyptian citizens and European Union citizens in Egypt.
The regulations contain provisions and requirements pertaining to the processing of personal data of individuals.
However, the personal data considered to be information about the individual can identify them directly or indirectly, using names or pictures, or any other data identifying the individual’s economic, cultural, or social conditions.

Meanwhile sensitive personal data is what reveals the physical, or mental health, the financial, religious data, and political opinions also are sensitive data.
The data protection regulation obliges companies which deal with personal data to follow these regulations.

Personal data may not be collected, processed, or disclosed by any means without permission from the concerned person. The law shall punish any person that does not comply by imprisonment for a period of not less than three months and a fine between EGP 100,000 and EGP 1m.
Moreover, the second article of the law prohibits the collection, transfer, storage, preservation, or processing of sensitive personal data, or making it available without a license from the centre, with the obligation to obtain written consent of the concerned person.
Article 14 prohibits the transfer or sharing of personal data to a foreign country, except by a license from the centre. The law would fine any person between EGP 300,000 and EGP 3m.
For electronic commercials, article 18 requires permission from the receiver to get any commercial messages.

Any violation can lead to imprisonment or a fine from EGP 100,000 up to EGP 1m.

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Facebook reveals own ‘Libra’ cryptocurrency in bid to move into e-payments https://ww.dailynewssegypt.com/2019/06/18/facebook-reveals-own-libra-cryptocurrency-in-bid-to-move-into-e-payments/ Tue, 18 Jun 2019 11:33:14 +0000 https://www.dailynewssegypt.com/?p=700649 To be launched in 2020, backed by low-volatility assets including bank deposits, short-term government securities

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Social media giant Facebook Inc announced on Tuesday plans to launch a new cryptocurrency called Libra, scheduled for launch next year alongside the underlying blockchain-based network that will support it.

Unlike Bitcoin – which is a speculative asset – Libra would be what is called a stable coin, a cryptocurrency that is backed by assets and securities, to avoid price fluctuations, in a bid that Libra would trade in the future on a global scale much like the United States dollar.

Facebook’s stock rose 4.2% Monday as investors anticipate the company’s entrance into the hot cryptocurrency space.

According to Facebook, Libra would allow users to use it as a payment tool for both online and offline services. However, the cryptocurrency is to start to transfer money between individuals in developing countries who lack access to traditional banks.

According to the company’s executives, their end goal is to establish a mainstream cryptocurrency that would be as stable as the dollar, can be used to buy almost anything, and can support an entire range of financial products — from banking to loans to credit.

David Marcus, head of the Facebook blockchain team said that, “It would make a scenario where there’s a run on the bank completely impossible, because we are backed one-for-one,” Libra will also be audited, he added, an important step in an industry with limited transparency.

“To help instil trust in a new currency and gain widespread adoption during its infancy, it was guaranteed that a country’s notes could be traded in for real assets, such as gold,” according to the white paper issued.

The white paper cited that Libra would be backed by a collection of low-volatility assets, such as bank deposits and short-term government securities in currencies from stable and reputable central banks, instead of gold.

 

Question of regulation

Facebook would still need to get regulatory approvals in the US and elsewhere. Shutting down business for issuing unregulated tokens is not unprecedented. US Securities and Exchange Commission (SEC) has previously shut down about a dozen businesses issuing their own tokens for violations of Securities Law.

In this regard, Marcus revealed that the social media giant has already established contact with the SEC, other central banks, and regulators. However, they did not receive the approval so far.

 

In a bid to soothe regulators, Facebook established a governing body to oversee Libra, called the Libra Association.

According to Marcus, the body would include 27 other firms, including Visa Inc, Uber Technologies Inc, and PayPal Holdings Inc, all of which are part of the group, who would have an equal say in how the cryptocurrency is managed.

“Facebook will not have any special privilege or special voting rights at the association level,” he said, adding that, “We will have competitors and other players on top of this platform that will build competing wallets and services.”

In Egypt’s case, the government historically had a sceptic attitude toward cryptocurrencies, which didn’t start to change until the end of 2018, when the Central Bank of Egypt (CBE) revealed plans to introduce a digital version of the Egyptian pound.

Moreover, in May, a source in the CBE told the state-run MENA news agency that companies looking to establish a digital currency and cryptocurrency platforms will be required to obtain licenses under the proposed Banking Act. The draft law would also give the CBE regulatory power over the use of cryptocurrency in Egypt.

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Huawei takes part in security arrangements of 2019 AFCON https://ww.dailynewssegypt.com/2019/06/08/huawei-takes-part-in-security-arrangements-of-2019-afcon/ Sat, 08 Jun 2019 19:09:34 +0000 https://www.dailynewssegypt.com/?p=699885 US protectionist actions threaten global economic growth, says China’s Chargé d'Affaires

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Huawei Technologies is cooperating with Egypt’s ministry of youth and sports in organising security arrangements of the 2019 Africa Cup of Nations (AFCON) that will take place from 21 June to 18 July, said, Xiao Jun Zheng, China’s Chargé d’Affaires to Egypt.

“Huawei established its branch office in Cairo many years ago and provided the Egyptian market with very effective, economic, and technical solutions,” Zheng told Daily News Egypt during the event that was organised by the Chinese embassy in Egypt last Sunday.

The 2019 AFCON is a very big event where Huawei is engaged in the security information and providing of  very useful and competitive solutions to help Egyptian friends to successfully deal with security checks, he elaborated.

Earlier in April 2019, President Abdel Fattah Al-Sisi said in his speech in the second Belt and Road Forum for International Cooperation that he will do his best to make Egypt one of the international centres for IT industries, Zheng said, adding that Al-Sisi’s IT proposal offered a great opportunity for both countries’ companies including Huawei to boost their IT cooperation.

 

Additionally, the United States has moved to restrict Huawei’s ability to trade with US firms in May 2019, shortly after reigniting the trade war with tariff hikes. The latest blow to the Chinese telecom giant marks a grave escalation in the US-China power struggle, according to global media reports.

Zheng commented that China has to deal with the trade war with the US, adding that the US protectionist actions are threating global economic growth and conflict with the World Trade Organisation (WTO) rules.

 

“China and the US are the world’s biggest economies and it is normal to have disagreements that should be solved with dialogue,” he affirmed, noting that Huawei is a successful model for private sector companies.

 

Economic cooperation between Egypt and China is remarkably developing in light of the joint exerted efforts and the support of both countries’ political leadership, China’s Chargé d’Affaires to Egypt said.

 

Zheng expected that Chinese President Xi Jinping will visit Egypt for the second time this year or in 2020 according to the president’s schedule.

“China and Egypt are strategic comprehensive partners who enjoy a very close and friendly working relation. The Chinese president has already visited Egypt in 2016 and I am sure that he would like to make his second visit to Egypt soon,” he noted.

Chinese construction companies are engaged in many projects in Egypt specially in the New Administrative Capital and others for the tallest building in Africa, in addition to other projects in the fields of transportation and energy, he stated.

Total Chinese investments in Egypt are estimated at $7bn while last year’s Chinese FDIs to Egypt reached about $800m, Zheng noted.

Trade exchange reached $13.86bn in 2018, he added at the iftar event that the embassy held on Sunday, affirming that 2018 was a fruitful year for Egyptian Chinese relations. Both countries achieved important development for cooperation in various fields, he added, noting that President Abdel Fattah Al-Sisi paid China his 6th visit in April 2019 to attend the second Belt and Road Forum for International Cooperation.

Moreover, among the 56 Chinese nationalisms, 10 Chinese nationalisms embrace the Islamic religion, he added, noting, “more than 20 million Chinese people are Muslims and they are an important part of the Chinese nation’s family.”

Chinese Muslims have contributed greatly to the diverse civilisation and development of modernity in China, he elaborated.

China and Egypt are two ancient civilisations, multi-national, and multi-religious, he said, affirming China’s desire of a peaceful coexistence between its different nationalisms.

The vast majority of Chinese Muslim brothers and sisters, like Egyptian Muslim friends, are overwhelmed by the festive atmosphere of Ramadan, he elaborated.

“Two weeks ago, the Dialogue of Asian Civilizations’ Conference was held in China, where Chinese President Xi Jinping stressed the importance of the universality of civilisation, exchanges, and mutual learning while friends attended the conference upon the invitation of China,” he said.

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El Gouna to host Egypt’s, MENA’s first Global Impact Challenge https://ww.dailynewssegypt.com/2019/05/30/el-gouna-to-host-egypts-menas-first-global-impact-challenge/ Thu, 30 May 2019 08:06:30 +0000 https://eklutdvotyzsri.dailynewssegypt.com/?p=699588 GIC winner to receive $60,000 scholarship to enroll in distinctive international program of Singularity University, says Ghaleb

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Singularity University, located inside NASA Ames in California in the USA, announced the launch of the Global Impact Challenge (GIC) for the first time in the Middle East and North Africa in July 2019 in Egypt’s El Gouna.

According to the official announcement, GIC is a unique experience that aims to encourage creativity among startups and individuals with innovative ideas to work and try to deal with the challenges of the world nowadays.

This would be carried out through untraditional and premature solutions in fields like health, energy, education, agriculture, transportation, and fintech while using Exponential Technologies.

Egypt’s GIC would be organised in cooperation with Challenge Group and Endure Capital, one the of distinctive corporations that invest in successful startups.

Singularity University is a global learning and innovation cooperation and community using exponential technologies to tackle the world’s biggest challenges and build a better future for all. The collaborative platform of Singularity University empowers individuals and organizations across the globe to learn, connect, and innovate breakthrough solutions using accelerating technologies like artificial intelligence, robotics, and digital biology.

Haider Ghaleb, Singularity University Representative in Egypt said, that the competition is an exceptional idea that would Improve the lives of a billion people is based on choosing 20 startups or teams for the actual participation in the competition.

He explained that afterwards, one team or startup wins a scholarship of $60,000 to enroll in the Global Startup Program (GSP), one of the major programs offered by Singularity University. The competition will be held for 7 days in El Gouna in Egypt.

“One of the most important conditions of the competition is that the winning team or company must return to the Middle East or North Africa after completing the program offered by Singularity University. This is after they obtain the required knowledge and most advanced technologies. This would enable them to work on providing solutions for the most important challenges facing their nations and the region where they live. The winning team or startup would be announced in July 2019 in El Gouna,” Ghaleb added.

Furthermore, Walid Khalil, the Managing Partner of Endure Capital, said, “We have great confidence in the organizers of the competition due to their long expertise in this regard. The competition offers a detailed educational program, which is specifically designed for startups and emerging companies, with the support of the professors of Singularity University. The objective of the competition is to solve the major problems of the world and have a positive impact on the lives of one billion people during the last 10 years.
Endure Capital is an early stage investment VC headed by two entrepreneurs, Tarek Fahim, and Waleed Khalil.
To submit an application to participate in the Global Impact competition, please visit the below link

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Vapulus launches world’s first free e-payment portal https://ww.dailynewssegypt.com/2019/05/30/vapulus-launches-worlds-first-free-e-payment-portal/ Thu, 30 May 2019 07:30:32 +0000 https://www.dailynewsegypt.com/?p=699492 Unlike all global players and e-payment processing companies, Vapulus launched its portal without subscription fees and no fixed fees per transaction.

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Vapulus, a specialist firm in financial technology (FinTech) solutions, has announced the launch of the world’s first e-payment portal with 0% transaction fees, changing the rules of the competition game in the global e-commerce and e-payment markets.

Unlike all global players and e-payment processing companies, Vapulus launched its portal without subscription fees and no fixed fees per transaction.

The commercial launch of the portal came after a pilot (soft) launch for nearly a year, in which the portal gained the trust of more than 450 trading companies and e-commerce platform from 14 countries across the Middle East and North Africa. The company, based in Egypt, targets to operate globally within three years.

“The profit-making model of the transactional pricing is going to die, so any e-payment processing companies that rely on these fees as a major source of revenues will be out of competition,” according to Abdelrahman Elsharawy, co-founder and CEO of Vapulus.

“As we aim to be able to compete globally, we decided to offer our services free of charge without any fees, in a proactive step to the future of electronic payment ” he added.

Elsharawy stated despite the fact that in 2018, e-payment portals generated profits of $64bn through charging merchants 2.9% fees per transactions, his model is under attack by other free e-payment technologies like e-wallets, blockchain, and ACH, which made it essential to develop a 100% free business model.

“The step of abolishing fees plays a pivotal role in enabling small and medium-sized enterprises (SMEs) to enter the e-commerce market, which provides many job opportunities and reduces unemployment rates in emerging markets. This will subsequently achieve social and economic equality, and aligns with the United Nations Sustainable Development Goals (UNSDGs),” he explained.

Notably, e-payment portals are serving as an interface between online businesses and their customers, it allows the merchants to receive customers’ payments using various electronic payment methods including banks accounts, e-wallets, debit cards, and credit cards.

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Vodafone’s network modernisation plan going very well: CEO https://ww.dailynewssegypt.com/2019/05/27/vodafones-network-modernisation-plan-going-very-well-ceo/ Mon, 27 May 2019 08:30:41 +0000 https://www.dailynewsegypt.com/?p=699088 British company to continue connecting villages which never had any connectivity

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Vodafone’s network modernisation plan is going very well, according to the British company’ CEO Alexandre Froment-Curtil, who added, “We are upgrading our network for the 4G. We have 85% of the population covered by the 4G which were reached in a year and half and this is extremely quick, so we are very proud of this. We are willing to be the best mobile network in Egypt.”

Vodafone also has other investments in villages in Egypt that have never been connected, he told Daily News Egypt, adding, “Because the high increase of the population, there are some villages that have never had any connectivity. Last year we connected 50 villages.”

Vodafone is very proud of bringing quality connectivity to everybody, he affirmed, noting that his company wants to make sure that nobody is left behind.

In 1998, Vodafone Egypt (Ex Misrfone Telecommunication Company/Click GSM) entered the Egyptian telecom market as the second operator; a consortium between Vodafone international, Air Touch, and local/ international partners. In 1999, Vodafone Group acquired the Air Touch share and in 2002, it acquired International Partner VIVENDI France’s share, according to Vodafone’s official website.

Additionally, in January 2002, Click GSM was rebranded to Vodafone Egypt. Since 2007, Vodafone Egypt’s shareholders structure consisted of Vodafone Group with 54.93%; Telecom Egypt with 44.94% and a minority free float of 0.13%.

The year 2006 witnessed another important step as Vodafone Egypt launched its off-shore operations under the name of Vodafone International Services. This subsidiary is dedicated to outsourcing business processes and IT services for Vodafone operators and beyond. Both its Business Process Outsourcing & Information Technology Outsourcing business units have seen successful year after year with over 2,200 employees who collectively speak 10 different languages to provide world-class customer and technical support for clients in 80 countries.

Moreover, Vodafone Group Plc is one of the world’s leading telecommunications groups, with a significant presence in Europe, the Middle East, Africa, and Asia Pacific through the company’s subsidiary undertakings, joint ventures, associated undertakings and investments, according to the group’s website.

Vodafone Group has entered into arrangements with network operators in countries where the group does not hold an equity stake. Under the terms of these Partner Market Agreements, Vodafone and its partner operators co-operate in the marketing of global products and services with varying levels of brand association, added the website.

This strategy enables Vodafone to implement services in new territories and to create additional value to their partners’ customers and to Vodafone’s travelling customers without the need for equity investment in these countries.

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Huawei sales will not be affected by Google’s suspension of business: MTI https://ww.dailynewssegypt.com/2019/05/22/huawei-sales-will-not-be-affected-by-googles-suspension-of-business-mti/ Wed, 22 May 2019 10:45:55 +0000 https://www.dailynewsegypt.com/?p=698776 Two scenarios for Huawei crisis: extending deadline, finding new software solutions

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MM Group for Industry and International Trade (MTI) said Huawei phone sales will not be affected due to Google’s decision to suspend business with Huawei.

Ashraf Elghannam, head of investor relations at MTI, said that all the models of Huawei that are currently available in the market and the new models to be launched within the next three months will be excluded from the decision as Huawei is granted a three-month grace period during which it can launch new models without facing any problem, and as for the models to be launched after the three months, they will not be run by Google-supported Android system.

Furthermore, Elghannam stressed that the current models in the Egyptian market were sold, and the ones to be sold over the upcoming period will be operate normally.

Moreover, the head of investor relations at MTI believes that the scenarios the company is likely to expect after the three-month grace period will either be extending the deadline or to have Huawei find solutions for the crisis and build an alternative, safe, and sustainable software environment, hence, suspending its operations with a license from Google, without any damage caused to the company.

US President Donald Trump issued a licence that will allow US companies to keep doing business with Huawei for the next three months until mid-August, noting that it is necessary to give a grace period before new software updates and other commitments in contracts.

MTI said in a statement yesterday that it is confident that Huawei, the second largest producer of mobile phones in the world, will work to find alternative solutions to give users across the world a better experience.

Elghannam added that the company’s sales of Huawei models are limited, so the company will not be affected by the decision’s implications in case Huawei was unable to find satisfying solutions for its customers. The company ruled out any possibility for damages at least in the short term.

He pointed out that his company operates several other businesses, including e-devices, communications, cars, tractors, and more, through partnering with the best international companies, including Samsung, Huawei, Vodafone, Range Rover, Jaguar, Maserati, Bentley, Carrier, and Bosch.

For its part, Huawei said in a statement in response to the decision that it will be providing security updates and after-sale services for all current Huawei and Honor smartphones and tablets, including products that were already sold or ones in stocks across the world.

In addition, Huawei elaborated that it had mainly contributed to the development and growth of the Android system as one of the main Android partners, adding that it has worked closely with the open-source platform with Android to develop the software environment from which users and the sector benefited.

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Safety, trust: 2 main challenges toward autonomous vehicles roll-out https://ww.dailynewssegypt.com/2019/05/15/safety-trust-2-main-challenges-toward-autonomous-vehicles-roll-out/ Wed, 15 May 2019 08:00:17 +0000 https://www.dailynewsegypt.com/?p=698158 The Future of Autonomous and Urban Mobility project seeks to advance leading-edge thinking and drive adoption of innovative solutions based on autonomous vehicles and their impact on urban mobility.

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Autonomous vehicles (AV) or self-driving cars have the potential to improve road safety, decrease pollution levels, reduce congestion, and transform the design of our cities. The last few years, AV have been the centre of research and studies. However, transitioning to AV involved a disruptive shift that is bound to reshape public and private transportation systems, leaving many players behind if they fail to keep pace with emerging technologies.

The Future of Autonomous and Urban Mobility project seeks to advance leading-edge thinking and drive adoption of innovative solutions based on autonomous vehicles and their impact on urban mobility.

To reach a better understanding about AV, and the main challenges facing the commercial roll-out, Daily News Egypt interviewed Michelle Avary, head of the Autonomous and Urban Mobility for the World Economic Forum’s Centre for the Fourth Industrial Revolution, the transcript for which is below, lightly edited for clarity:

What are the biggest challenges facing the roll-out of AV?

Right now the two main challenges are safety and trust. The technology still needs to mature in order to produce on the promise of safety, or any of the other promises of efficiency and other outcomes, that’s obviously the first one.

The second one which is very closely related is trust. There has been a lot of hype about AV and when it is going to become into reality at scale, and what to expect from it. I believe that we need to be more transparent on what the technology can do, what is it actually going to be like, as well as how much is it really going to cost. We need to start having these discussions so society can decide how they want to adopt these technologies to create the lives they want.

Michelle Avary, head of the Autonomous and Urban Mobility for the World Economic Forum’s Centre for the Fourth Industrial Revolution

How can government regulate the AV industry?

Regulations are essential, and they need to be at the right phase of the technology deployment.

As I mentioned AV technology is in the early days, there are fundamentals that haven’t been completely solved, such as: perception, ability to recognise an object, predict how it is going to behave, and make a decision based on that prediction.

It too early for regulations, however, when you think how you can share safety data, it is good to have the government encourage these activities, as it will be beneficial for both the society and the companies developing the technologies.

When it comes to safety, the questions of accountability rises, who would be accountable for crashes and accidents?

Liability and culpability concerns must be addressed, and there are insurance companies right now which are writing policies for AV.

We are actually taking on a study, looking at the United States, China, Japan, the United Kingdom, and Germany, to find out what has to be changed ahead of commercialisation.

The big question that needs to be solved is how do you assign proportional responsibility, and the automotive industry knows how to do this very well, because they do them now, as they do have various suppliers contributing to the manufacture of the vehicle.

What makes the liability and culpability framework more challenging is the computer code aspect of it, bringing in more consumer protection laws, that historically do not exist around software.

That’s something we in the Centre for the Fourth Industrial Revolution are actively working on helping to define.

What about the ethical dilemmas, such as MIT Media Lab’s design of an experiments about who should a self-driving car prioritise in cases of collisions?

There are a series of mistakes that need to be made before you get to a situation like that, as it is kind of talking about how can we develop telepathy. What you are really asking about, there is a really low tolerance for mistakes by machines, that’s the core of it. We are willing to forgive each other more as humans.

There is a legitimate fear about how do we prosecute a computer code, which ultimately is where the responsible lies. It’s more important to address these questions properly so we can set realistic expectations, other than the trolley question.

When can AV become a commercial reality, what other technologies AV are dependent on such as 5G?

Technically, an AV doesn’t need a wireless connectivity to function, as it has many redundant systems for safety, that do not rely on wireless connectivity.

However, wireless connectivity is very important for a couple of different things, such as the ability to call the car to your location, and downloading maps and other information.

When the 5G really comes in place it is for entertainment, when you are not driving!! So it can happen before 5G.

In terms of infrastructure, you need a good road infrastructure, and assuming all of AV are electrical we will also need charging systems and a grid.

What about data privacy concerns, who will have access to the vehicles trip data etc?

There is a great place for regulators to get involved, and I think each location needs to define what they view is important in data privacy. A lot of the data that the AV will use to operate is not personally identifiable information. It is actually perception and sensory data, and a lot of that data will be used in real-time and discarded.

When it comes to personally identifiable information such as your trips, you have your Uber now which have a lot of information about you. You need to decide if that is ok or is it not, and if it is not you need to work with your government to assure your privacy, it is not only an AV related problem.

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Etisalat is first operator to announce advanced solution Cloud-AIR from Huawei: CTO https://ww.dailynewssegypt.com/2019/04/23/etisalat-is-first-operator-to-announce-advanced-solution-cloud-air-from-huawei-cto/ Tue, 23 Apr 2019 18:08:31 +0000 https://www.dailynewsegypt.com/?p=696623 Egyptian market is hungry for mobile broadband, says Murshed

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The mobile technology scene has witnessed great developments in the last couple of years and the Egyptian telecommunication market has steadily grown with mobile broadband traffic doubling every two years.

To find out about the industry’s latest news, and Etisalat Misr’s latest plans, Daily News Egypt interviewed the company’s Chief Technology Officer Khalid Murshed.

What is your perspective about the mobile broadband?

In the past few years, we have seen mobile broadband traffic doubling every two years. We expect that this trend will continue for the coming few years. We are very proud that the Egyptian market is hungry for mobile broadband and the Egyptian user is striving for the best service. Etisalat Misr is always aiming to provide the best in class network to cater for the customer expectations. We aimed to be ahead of the curve, and that was what drove us to adopt new technological features and collaborate with the world leading suppliers aiming to guarantee the highest customer satisfaction.              

You mentioned your partners as world leading, we would like to know more about Etisalat suppliers and who are they? And your plans after launching 5G?     

Etisalat has a wide portfolio of partners and suppliers that include the market leaders as Huawei, Ericson, Nokia, ZTE, Cisco, and others. Etisalat counts on its partners to deliver the state of art technologies. We are known to be a technology leading company in providing business solutions and satisfying customer needs. We provide new innovative tailored solutions for different categories and age groups.         

In Egypt, what are the upcoming challenges that we will witness with the existence of new technologies?

Needless to say that we are always working on overcoming all challenges that we face in Egypt such as:

Scarcity of resources in terms of spectrum in Egypt. To clarify, the four operators in Egypt have the spectrum resource of one operator in neighbor countries. This is imposing several challenges while the customers are looking for a distinguished experience.

In addition, to stay ahead of the technology, sites need periodic maintenance. Infrastructure versatility is necessary to address the Egyptian market.

We are always adopting advanced technology in order to resolve business challenges; this is the culture and DNA of Etisalat. We transform every challenge to an opportunity. We were the first operator to announce an advanced solution from Huawei, “Cloud-AIR”, in which we will not need to allocate spectrum to a specific technology. We always come up with solutions to overcome market challenges. Our agility makes a difference.

Based on your expectations from MWC and Huawei booth visit, how do you see Huawei providing a better value to your business in different areas such as 5G, cloud, data centers, future solutions for business clients?

Huawei and Etisalat have been collaborating for many years. Huawei is a reliable partner in providing cutting-edge technologies and a leading supplier to the whole industry because they are always pushing the envelope. They are always challenging the status quo and moving the bar higher than expected. We see new technology from Huawei every quarter and that is in line with our vision, which is providing the state of art technology and best solutions to our customers.        

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Huawei to test 5G network in Cairo during AFCON 2019 https://ww.dailynewssegypt.com/2019/04/21/huawei-to-test-5g-network-in-cairo-during-afcon-2019/ Sun, 21 Apr 2019 17:41:19 +0000 https://www.dailynewsegypt.com/?p=696445 Huawei Technologies Company is to launch first 5G network services trial in Egypt at the Cairo International Stadium during the period of hosting the 2019 Africa Cup of Nations (AFCON), Minister of Communication and Information Technology, Amr Talaat, said on Sunday. This came on the sidelines of a meeting between Egyptian Prime Minister, Mostafa Madbouly, Huawei’s …

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Huawei Technologies Company is to launch first 5G network services trial in Egypt at the Cairo International Stadium during the period of hosting the 2019 Africa Cup of Nations (AFCON), Minister of Communication and Information Technology, Amr Talaat, said on Sunday.

This came on the sidelines of a meeting between Egyptian Prime Minister, Mostafa Madbouly, Huawei’s vice president Li Jie, the company’s regional director for North Africa, Robinson Cao, and chairperson of Huawei Egypt Vincent Sun.

During the meeting, Madbouly called on Huawei to increase its investments in Egypt, especially in the field of smart city technologies, and other fields which Egypt attaches increasing importance to.


Li Jie stressed the company’s growing interest in the Egyptian market, pointing out Huawei’s keenness to respond flexibly to what the market needs and to contribute as best as possible to the promotion of development in Egypt.

Furthermore, Talaat revealed that Egypt is keen on coordinating with the Chinese company in artificial intelligence (AI), as well as technology transfer, and the 5G network service.

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MERQ receives first financing round for its AI product ‘Sally’ https://ww.dailynewssegypt.com/2019/04/14/merq-receives-first-financing-round-for-its-ai-product-sally/ Sun, 14 Apr 2019 16:05:06 +0000 https://www.dailynewsegypt.com/?p=695860 MERQ has received the first post-establishment financing round to develop its products, notably ‘Sally’, the first Chatbot through Facebook’s social networking platform to introduce the Egyptian community to all credit card systems within the country. The first financing round was funded by Ahmed Kamal Selim, a financial investor, with a minority stake in the company …

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MERQ has received the first post-establishment financing round to develop its products, notably ‘Sally’, the first Chatbot through Facebook’s social networking platform to introduce the Egyptian community to all credit card systems within the country.

The first financing round was funded by Ahmed Kamal Selim, a financial investor, with a minority stake in the company valued at $800,000.

“We are delighted to have been able to complete our first financing round shortly after the launch of our first product into the market, namely, ‘Sally’. This financing allows us to expand our service offerings within the financial services ecosystem and supports our expansion plans in the country,” said Walid Ghalwash, founder and CEO of MERQ.

Ghalwash added that they are targeting with their investor another round of financing during the third quarter of 2019 to launch two new products within the framework of financial services that support the state’s vision for financial inclusion.

Sally @SallyCreditCard provides users with comprehensive information when deciding on different credit cards available across various banks through its Artificial Intelligence (AI) Chatbot offered through Facebook messenger.

Selim said that the investment in MERQ comes from his personal interest in AI and financial inclusion that is set in the state’s priorities to keep abreast of the global digital economy.

He explained that he views MERQ as an attractive business model which meets the needs of users interested in a range of financial services and queries starting off with credit card services.

Furthermore, Selim has over two decades of experience in the financial and industrial sector, which extends widely to retail, corporate, investment banking, research, brokerage, and restructuring services at domestic and multinational corporations.

Selim currently sits as an executive member of Arafa Investment and Consultancy (Arafa Holding), a non-executive board member of The Bird Group in the United Kingdom, and a non-executive board member of the Foral Group in Italy. Previously, he was the CEO and board member of Drive Finance: a pioneer in the field of financing and car sales in Egypt.

Sally has received international attention and support due to the belief in the need for financial inclusion and financial literacy. The product has received technical support from IBM Global to contribute providing and improving resources and tools to offer services with an international standard quality of service.

The company, founded by Ghalwash, aims to cover various topics of financial literacy in banking and non-banking services, delivering true financial inclusion by assisting the Egyptian public in making financial decisions by raising their awareness of the banking and financial sectors in view of the state’s strategy to support AI.

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CIT discusses draft law to combat cybercrimes https://ww.dailynewssegypt.com/2019/03/17/cit-discusses-draft-law-to-combat-cybercrimes/ https://ww.dailynewssegypt.com/2019/03/17/cit-discusses-draft-law-to-combat-cybercrimes/#respond Sun, 17 Mar 2019 16:46:02 +0000 https://www.dailynewsegypt.com/?p=693142 The Chamber of Information Technology and Telecommunications (CIT) held a session to discuss the executive draft law to combat cybercrimes. The session was held in the presence of members of the data and information security workgroup at the chamber, and a group of software and smart applications developers, in addition to members of the board …

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The Chamber of Information Technology and Telecommunications (CIT) held a session to discuss the executive draft law to combat cybercrimes. The session was held in the presence of members of the data and information security workgroup at the chamber, and a group of software and smart applications developers, in addition to members of the board of directors of the chamber, and representatives of the Central Bank of Egypt, the ministry of electricity, and the Egyptian Computer Emergency Readiness Team (EG-CERT).

“The bylaw with all its details came as very encouraging to the sector of investment. It keeps up with the developments in technology in a way that ensures the rights of both companies and users are preserved,” said Mohamed Hegazy, head of the legislations and laws committee and the ministry of information technology and telecommunications during the presentation for the draft laws.

“We have felt the satisfaction of companies and government representatives with the draft law, which would achieve major guarantees for citizens and increase cyber security in the business sector and the various government bodies, all of which would help achieve the state’s strategic vision to create a safe digital country,” said Waleed Gad, the chairperson of the CIT. He added that the draft law includes regulations, legal provisions, and items which will create procedural controls contributing toward justice and encouraging investments in the IT sector.

Noteworthy, the bylaw has addressed many details, measures, and standards in line with the best known international practices. It also allows for dealing with and maintaining digital evidence to prove the involved party’s argument and protect citizens from cybercrimes.

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Samsung launches Galaxy S10, new additions to A Series in Egypt https://ww.dailynewssegypt.com/2019/03/15/samsung-launches-galaxy-s10-new-additions-to-a-series-in-egypt/ https://ww.dailynewssegypt.com/2019/03/15/samsung-launches-galaxy-s10-new-additions-to-a-series-in-egypt/#respond Fri, 15 Mar 2019 21:30:35 +0000 https://www.dailynewsegypt.com/?p=692944 Samsung Electronics celebrated a decade of Galaxy S series innovations by presenting the latest premium smartphone: Galaxy S10, according to a press statement on Wednesday. Precisely engineered to deliver next generation experiences across display, camera and performance categories, the Galaxy S10 range is designed for consumers who seek a premium smartphone that takes the mobile experience …

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Samsung Electronics celebrated a decade of Galaxy S series innovations by presenting the latest premium smartphone: Galaxy S10, according to a press statement on Wednesday.

Precisely engineered to deliver next generation experiences across display, camera and performance categories, the Galaxy S10 range is designed for consumers who seek a premium smartphone that takes the mobile experience toward an all-new level.

Additionally, the launch ceremony witnessed the premier reveal of the new Galaxy A Series additions from the mid-tier portfolio, for the first time in Egypt, featuring the Galaxy A50 and A30 which offer an immersive viewing experience, longer lasting performance, and a camera which captures replica-to-reality photos.

 “With past iterations of the Galaxy S series, we have set new standards for mobile innovation. With the Galaxy S10, we have gone a step further, revolutionising the premium device category to meet the distinctive needs of today’s smartphone market,” said Jaehwan Lee, the managing director of Samsung Electronics Egypt. He added, “A decade committed to creating industry-defining Galaxy devices has led to the proliferation of the Galaxy S10, and we are certain this stunning device will give our customers exactly what they are looking for and the ability to get more out of life like never before.”

Hesham Abo Zeina, head of Hand Held Products at Samsung Electronics Egypt, stated, “The newly launched device raises the bar higher to take display, camera and performance specs to the next level which caters for the needs of the Egyptian consumers with a rising percentage of youth. With the Galaxy S10e, these premium features are packed into a more compact package to include everyone in the state-of-the-art Galaxy S10 innovation.”

Abo Zeina added that the Egyptian market is one of the main markets for Samsung with a great interest in keeping up with all what is new in the world of technology. He pointed out, “With the increasing needs of this market, we try harder to deliver the latest technologies to the market, tailored with care to reflect the diverse needs of different segments of customers. Delivering beyond expectations, the smart phone is developed by Samsung to become a facilitator of life and an indispensable tool, and not just an accessory.”

Moreover, Abu Zeina noted that the launch of the new A series devices, along with the flagship S10, reflect a balanced philosophy for Samsung in Egypt, aimed at diversifying the products it offers in the market to satisfy the largest number of customers.

He explained, “The A Series brings together the competitive price and high-end features that give users the ultimate experience of the best price, because our goal is to make the latest technology accessible to everyone.”

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Technology reshapes future of desalination industry in Egypt: Metito senior managers https://ww.dailynewssegypt.com/2019/03/06/technology-reshapes-future-of-desalination-industry-in-egypt-metito-senior-managers/ https://ww.dailynewssegypt.com/2019/03/06/technology-reshapes-future-of-desalination-industry-in-egypt-metito-senior-managers/#respond Wed, 06 Mar 2019 15:51:29 +0000 https://www.dailynewsegypt.com/?p=692110 Technology played key role in reducing costs, allowing us to grow fast, steady, says Karim Madwar

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Egypt has set out on a national plan for $20bn in projects through to 2037, in order to expand the supply of potable water to cope with the rapidly growing demand, which opened the gates for building more desalination plants around the country.

The Africa Managing Director of Metito, Karim Madwar, told Daily News Egypt that the company allocates 20% of its investments in Africa for Egypt.

Metito is an intelligent water management solutions provider. The Dubai-based company was founded by the Ghandour family in Beirut in 1958.

In Egypt, the company secured its first water build, own, operate (BOT) concession for a water desalination project in Sharm El-Sheikh in 1999, built a plant to treat the Nile’s water in the Sixth of October City, and an 80,000 cubic-metre-a-day (cm/d) desalination plant in Hurghada.

Metito recently commissioned the first 150,000 cm/d stream in Galila, and is building another desalination plant in Port Said. The desalination industry has changed in the past 10 years, thanks to technology solutions which reduced the costs and increased the quality of the water.

The company uses reverse osmosis technology to reduce salt concentration in sea water from 45,000 partially permeable membranes (ppm) to 500 ppm, which is a water purification technology that uses a partially permeable membrane to remove ions, molecules, and larger particles from drinking water.

The Africa Regional Operations Director at Metito, Mohamed Hemeida, thinks that technology has even more for the desalination industry, “In the past, we were using 11kW per 1 cubic metre of sea water, now driven by better technology solutions, we reduced the electricity usage to 3kW”.

Madwar agreed with him adding, “Technology is essential for our business with research and development which is happening now, it boosts desalination industry in Egypt and worldwide. Technology has played a key role in the reduction of costs, allowing us to grow fast and steady.”

According to him, Hurghada’s water supply was coming from the Nile. The cost of water transfer was very high considering the required infrastructure and power supplies to pump the water from the river to there.

“The developments of desalination technology provided a cheaper solution, so we collaborated with the government in building our plants there and other coastal cities to provide clean water at a reasonable price,” he added.

The company uses public-private partnership (PPP) agreements with many governments, in which it provides funding for the projects and then operates them for 20 or 30 years in order to get the investments back in a business model known as build-operation-transfer.

Most of Metito’s partnerships are with Orascom Investment Holdings in Egypt as PPP. Madwar is optimistic about the growth of the company in the Egyptian market, as the government seeks to build more desalination plants for new cities to ease pressure on the Nile’s water supply.

“We have a plan to inject more investments in PPP projects with the Egyptian government. We see that the Benban Solar Park is a good start for doing more PPP projects with the government in many sectors,” Madwar said.

Hemeida highlighted that the company also invests in research and development, and has partnerships with many technology firms that work on new technologies of autonomous systems to manage the plants and apply artificial intelligence in the industry.

“We believe in technology and what it can do for our business. We have decreased the costs of production and the environmental impact of desalinating sea water, yet there is more which technology can do in the future,” he finally added. 

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Signify to install Li-Fi technology in Egypt within upcoming 3 years https://ww.dailynewssegypt.com/2019/03/06/signify-to-install-li-fi-technology-in-egypt-within-upcoming-3-years/ https://ww.dailynewssegypt.com/2019/03/06/signify-to-install-li-fi-technology-in-egypt-within-upcoming-3-years/#respond Wed, 06 Mar 2019 09:30:54 +0000 https://www.dailynewsegypt.com/?p=692011 Signify, previously Philips Lighting, considers Egypt as an important regional hub to increase its exports to North and East Africa in the company’s growth plans for 2019. The company won a deal to install its smart lighting systems at five stadiums in Egypt where the African Cup of Nations 2019 will be held. The company’s …

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Signify, previously Philips Lighting, considers Egypt as an important regional hub to increase its exports to North and East Africa in the company’s growth plans for 2019. The company won a deal to install its smart lighting systems at five stadiums in Egypt where the African Cup of Nations 2019 will be held.

The company’s revenues were EGP 700m during last year, and it targets to reach EGP 1bn in 2019.  Recently, Signify partnered with the Egyptian Ministry of Antiquities in order to illuminate Cairo’s Mohamed Ali Palace with more than 600 LED lamps, as well as 80 flood lights and up lights, as a part of a series of projects to install low-energy LED lighting systems in a number of cultural and heritage sites and public facilities in Egypt, including the Egyptian Museum in central Cairo, the Baron Palace, and the Cairo Opera House.

Mohamed Abo El-Azayem, the general manager of Egypt and East Africa at Signify, told Daily News Egypt that he expects the instalment of Li-Fi technology in the country to be carried out within the upcoming three years. The technology turns light bulbs into an internet transmitter as traditional Wi-Fi networks struggle to cope with demand.

According to Abo El-Azayem, there are some “normal” challenges which face installing the technology, such as the cost which is still high, in addition to the ongoing researches on Li-Fi in order to improve its features and properties. He believes that once the cost is reduced, the installing of it in a country such as Egypt will begin, some firms started to use Li-Fi in their internal network.

Moreover, Abo El-Azayem highlighted that there is a current growing demand for the products which save power and reduce the electricity bills for businesses or individuals, therefore the company is focusing on manufacturing its products to consume less energy.

“In smart homes, we have taken into consideration the internet of things, so that customers have an easier way to manage their usage of energy in houses. We also have some clients who request these services to be installed in the projects,” he added.

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Microsoft collaborates with Telecom Egypt to announce its first cloud network in Egypt https://ww.dailynewssegypt.com/2019/02/27/microsoft-collaborates-with-telecom-egypt-to-announce-its-first-cloud-network-in-egypt/ https://ww.dailynewssegypt.com/2019/02/27/microsoft-collaborates-with-telecom-egypt-to-announce-its-first-cloud-network-in-egypt/#respond Wed, 27 Feb 2019 20:03:06 +0000 https://www.dailynewsegypt.com/?p=691384 Network collaboration will further enhance delivery of services to customers in Egypt, North Africa and the Middle East

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Barcelona-Microsoft Corp and Telecom Egypt announced their collaboration on Wednesday, during MWC Barcelona 2019, to extend Microsoft’s cloud network to Egypt. Telecom Egypt will provide low-latency connectivity into and across Egypt to help enhance performance and increase reliability for customers of Microsoft services. The collaboration will increase Microsoft’s reach to the large Egyptian market in addition to improving connectivity across North Africa and the Middle East.

Microsoft’s global network is one of the largest and most innovative in the world. It connects Microsoft’s cloud infrastructure of more than 100 datacenters, 135 edge node locations, and more than 100,000 miles of fiber and undersea cable systems to deliver Microsoft services to customers. The new point of presence in Egypt will benefit from a direct connection to Microsoft’s global infrastructure to enhance the delivery of numerous services for customers. Microsoft’s network investment will increase capacity and use the latest in network optimization for the delivery of Microsoft services in Egypt.

Committing on the announcement, Dr. Amr Talaat, Minister of Communications and Information Technology of Egypt said, “Our commitment to the industry comes in line with the country  Sustainable Development Plan 2030. Egypt is spearheading a promising digital transformation strategy that will transform the society and the economy. We value collaboration that aims to empower local enterprises and accelerate transformation for business advancement.” The Minister also, on the occasion of this new relationship, emphasized that “Egypt is capitalizing on its unique geographic location which makes it a hub for digital businesses and datacenter activity due to the strong presence of submarine cables passing through both the Red and Mediterranean seas.”

Yousef Khalidi, corporate vice president, Azure Networking, Microsoft said, “Through our collaboration with Telecom Egypt, we are extending Microsoft’s global network in Egypt and improving connectivity across North Africa and the Middle East. We are continuously investing to increase the size, speed, reliability and intelligence of Microsoft’s global network to help enable the digital transformation of organizations and enterprises locally and abroad.”

Telecom Egypt’s global network was built over the years through investments in consortiums and private international submarine cable systems. Its reach and position as an international hub with tens of terabits per second lit capacity makes it the partner of choice for content providers. Egypt’s distinctive geographic location on the Red and Mediterranean seas has enabled Telecom Egypt to connect more than 11 cable systems from the east and 13 from the west linked with the Red-Med Corridor consisting of 7 diversified highly reliable routes across Egypt.

“We are pleased to partner with Microsoft as it represents one of the first steps toward our strategic digital transformation plan,” said Adel Hamed, chief operating officer, Telecom Egypt. “Telecom Egypt’s geographical position and its digital infrastructure will enable major cloud providers such as Microsoft to enhance their reach to consumers and enterprises in Egypt as well as reach other markets”

Khaled Abdel Kader, general manager, Microsoft Egypt said “Microsoft is committed to providing world-class cloud services to enable and accelerate the digital transformation of organizations, businesses and people in Egypt. Our collaboration with Telecom Egypt and Microsoft’s investment in the country will further empower Egypt to achieve more through Microsoft services.”

The new enhanced network presence in Egypt will connect via Microsoft’s global network to transatlantic and trans-Arabian paths, which will improve connectivity across North Africa and the Middle East, including enhancing connectivity to the new Microsoft cloud regions in development in South Africa and the United Arab Emirates.

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Samsung Galaxy S10 revealed: triple cameras, ultrasonic fingerprint sensors, 5G https://ww.dailynewssegypt.com/2019/02/21/samsung-galaxy-s10-revealed-triple-cameras-ultrasonic-fingerprint-sensors-5g/ https://ww.dailynewssegypt.com/2019/02/21/samsung-galaxy-s10-revealed-triple-cameras-ultrasonic-fingerprint-sensors-5g/#respond Thu, 21 Feb 2019 06:27:09 +0000 https://www.dailynewsegypt.com/?p=690638 Company also launched first foldable smartphone, Galaxy Fold

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Samsung, the tech giant, unveiled on Wednesday a new line of smartphones-the Galaxy S10.

The new smartphone comes with triple-cameras, ultrasonic in-display fingerprint sensors, and is the first mainstream phone to have one-terabyte (TB) of storage.

The inauguration of the Galaxy S10 is considered to be the tech firm’s most important event this year, as Samsung is fighting intense competition from China’s Huawei and the US’s Apple.

The S10 comes in versions initially priced at $749 for the entry level, the 5.8in S10e at $899 for the 6.1in Galaxy S10, and $999 for the 6.4in S10+. Meanwhile the 6.4in S10 5G’s price has yet to be announced.

The launch comes days before the Mobile World Congress-the world’s largest mobile industry exhibition set to take place in Barcelona-where Samsung’s rivals will disclose new handsets of their own.

The Galaxy S10’s new Infinity-O display-which will have a small hole directly in the screen-will attract buyers and prove that the company is able to build on its previous successes with new innovations and additions to the already successful Galaxy range.

Samsung is attracting customers through offering a device with top-of-the-line processors, in-display fingerprint scanners, and a new triple-camera system.

The Galaxy S10 and S10+ have a new 16-megapixel ultra-wide-angle camera, a 12-megapixel wide-angle camera, and a 12-megapixel telephoto camera on the back – which is a similar combination used by Huawei’s Mate 20 Pro to a great extent.

Meanwhile, the smaller Galaxy S10 will have a 6.1in screen with a 10-megapixel selfie camera. The larger Galaxy S10+ has a 6.4in screen with an oval-shaped hole containing a dual-selfie camera for refined images.

Both versions will have at least 128GB of storage but the top-of-the-line S10+ also comes in a special version with a ceramic back, 12GB of RAM and 1TB in storage – a first for a mainstream phone.

In addition to this, Galaxy launched a smaller and cheaper version of its new flagship, Galaxy S10e, which has a 5.8in screen which is flat and a more traditional capacitive fingerprint scanner on the side.

Moreover, the smartphone will include a 5G version which will be available for purchase later on this year, to coincide with the launch of a new 5G networks in some countries.

Samsung also launched a foldable smartphone-the Galaxy Fold, which is the first smartphone to fold into a tablet. Samsung said the Galaxy Fold would open up to create a 7.3in (18.5cm) tablet-like display and would be able to run up to three apps at once.

A demo showed off the features by which the device transferred from one mode to another much more smoothly than had been the case with an earlier foldable phone-Royole’s FlexPai. The Galaxy Fold is set to launch on 26 April and will start at $1,980.

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Digital marketplace noon to expand into Egypt https://ww.dailynewssegypt.com/2019/02/20/digital-marketplace-noon-to-expand-into-egypt/ https://ww.dailynewssegypt.com/2019/02/20/digital-marketplace-noon-to-expand-into-egypt/#respond Wed, 20 Feb 2019 19:40:12 +0000 https://www.dailynewsegypt.com/?p=690606 The Middle East’s homegrown digital marketplace, noon, has announced its imminent expansion into Egypt.

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 The move will mark a significant step in noon’s growth journey since its successful launch in Saudi Arabia and the United Arab Emirates just over a year ago. As it prepares to enter its third regional market, noon promises to bring customers in Egypt more choice, affordability, and convenience across a wide range of products including electronics, fashion, beauty, infants, and homeware including kitchen appliances, as well as free and fast delivery and free returns. Customers in Egypt are welcome to try noon’s offering via desktop or app, shopping across a wide range of products at incredible prices, during this initial test period.

The noon Egypt is based in Smart Village, Cairo’s technology and innovation led business district, and the team on ground is currently in the testing phases prior to the official launch. The e-commerce platform also has a fully operational Customer Fulfilment Centre (CFC) in Greater Cairo’s Abu Rawash area, with plans to include five additional CFCs to ensure service to all cities and governorates is quick and efficient.

 

“E-commerce is still relatively new in Egypt, and noon has the opportunity to help shape a digital marketplace perfect for the country with this beta launch. We’re so excited to start building strong relationships with the local retail community and customers, supporting Egypt’s growth and entry into e-commerce,” said Mohamed Alabbar, founder of noon.

 

A vast amount of Egypt’s retailers have zero or limited online presence. By using noon as their online platform, retailers large and small will enjoy more visibility, access to a wider customer base, an opportunity for increased sales and a larger share of the e-commerce market. They will also have access to noon’s logistics services to reach their customers across the country more effectively.

 

noon will also be looking to recruit Egyptian talent to join the local team. Supporting and empowering the community, hiring and nurturing local talent is noon’s way of actively encouraging youth entrepreneurship which will contribute to the nation’s growing digital economy. noon will use its local roots in Egypt to deliver a service that is friendly, reliable, and personalised.

 

With a large percentage of the population under thirty, and the highest number of Internet users in the Arab world, Egypt’s youth has tremendous potential to build a vibrant tech-based economy.

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Huawei founder hits back… “There’s no way the US can crush us” https://ww.dailynewssegypt.com/2019/02/20/huawei-founder-hits-back-theres-no-way-the-us-can-crush-us/ https://ww.dailynewssegypt.com/2019/02/20/huawei-founder-hits-back-theres-no-way-the-us-can-crush-us/#respond Wed, 20 Feb 2019 10:30:21 +0000 https://www.dailynewsegypt.com/?p=690444 Ren Zhengfei, the founder of Huawei, insisted that the US cannot crush the tech firm, as he hit back against criminal indictments levelled at the firm and allegations that it poses a security threat. Zhengfei-whose daughter Meng Wanzhou is a fellow senior Huawei executive, is among those charged by US prosecutors-told the BBC that the …

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Ren Zhengfei, the founder of Huawei, insisted that the US cannot crush the tech firm, as he hit back against criminal indictments levelled at the firm and allegations that it poses a security threat.

Zhengfei-whose daughter Meng Wanzhou is a fellow senior Huawei executive, is among those charged by US prosecutors-told the BBC that the firm would survive the pressure.

“There’s no way the US can crush us. The world cannot leave us because we are more advanced. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit,” Huawei’s founder said.

His daughter was arrested in Vancouver in December at the request of the US and charged with bank and wire fraud to violate American sanctions against Iran.

Zhengfei accused Washington of leading a politically motivated investigation into his firm. “Firstly, I object to what the US has done. This kind of politically motivated act is not acceptable. The US likes to sanction others; whenever there’s an issue, they’ll use such combative methods. We object to this. But now that we’ve gone down this path, we’ll let the courts settle it” he said.

Furthermore, he also conceded that any loss of custom as a result of the US action would be significant. But he insisted: “Even if they persuade more countries not to use us temporarily, we can always downsize and become smaller.”

Last week, the US secretary of state, Mike Pompeo, warned that US cooperation could be downgraded in nations that chose to maintain a strong Huawei presence, after Washington had reportedly been pressing London and other allies not to use the firm’s technology in critical infrastructure.

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AI creates new skills gap in cybersecurity: study https://ww.dailynewssegypt.com/2019/02/20/ai-creates-new-skills-gap-in-cybersecurity-study/ https://ww.dailynewssegypt.com/2019/02/20/ai-creates-new-skills-gap-in-cybersecurity-study/#respond Wed, 20 Feb 2019 10:00:30 +0000 https://www.dailynewsegypt.com/?p=690424 The cybersecurity skills shortage has long been a problem, according to recent report by the Enterprise Strategy Group (ESG) which found that the gap in skills shortage is growing. The report found that IT groups have once again stated cybersecurity skills represent the biggest area they experience a problematic skills shortage in. The percentage of …

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The cybersecurity skills shortage has long been a problem, according to recent report by the Enterprise Strategy Group (ESG) which found that the gap in skills shortage is growing.

The report found that IT groups have once again stated cybersecurity skills represent the biggest area they experience a problematic skills shortage in. The percentage of groups facing this security skills shortage has more than doubled in the last five years.

In 2014 and 2015, the percentage of respondents claiming a problematic cybersecurity skills shortage was 23% and 25%, which went up to 46% and 45% respectively in 2016 and 2017. In 2018, the figure grows to a booming 51%, creating greater concerns in this space.

The ESG also  found that 18% of organisations believe their existing cybersecurity team cannot keep up with mounting threats; 22% believe their security team is not large enough to protect their organisation, and that over half of these organisations reported suffering a breach within the prior two years.

The breaches’ success was contributed to by their organisation’s skills shortage.  This volume of breaches caused by understaffed security teams is likely to only increase in coming years, as the cybersecurity skills gap continues to grow to two million unfilled jobs by the end of next year, with the cost of cybercrime projected to reach $6tn by 2021.

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TE will receive EGP 5.5bn of shares in Vodafone revenues https://ww.dailynewssegypt.com/2019/02/20/te-will-receive-egp-5-5bn-of-shares-in-vodafone-revenues/ https://ww.dailynewssegypt.com/2019/02/20/te-will-receive-egp-5-5bn-of-shares-in-vodafone-revenues/#respond Wed, 20 Feb 2019 09:30:36 +0000 https://www.dailynewsegypt.com/?p=690442 Two companies sign cooperation protocol witnessed by ICT minister

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The Minister of Communications and Information Technology, Amr Talaat, witnessed the signing ceremony of two cooperation agreements between Telecom Egypt (TE) and Vodafone Egypt, as the government looks to collaborate more with telecom firms to inject more investment in the sector.

The first protocol is related to distribution of Vodafone’ profits with TE, as the company owns a 45% stake in Vodafone. TE has only received EGP 8bn of its share of the Vodafone revenue since 2003.

Ahmed El Beheiry, the former CEO of TE-which an 80% of its stake is owned by the Egyptian ministry of communications and information technology-talked about this matter publicly last November, saying that Vodafone has been retaining the profits.

“The agreements give us confidence in the future of Vodafone Egypt and our partnership with TE. We believe that the distribution of profits with Telecom Egypt as a shareholder in Vodafone Egypt will assist building a strong infrastructure in Egypt.” Froment-Curtil said.

According to the new protocol, TE will receive EGP 5.5bn in two tranches: EGP 4.8bn in March and EGP 0.7bn in June 2020, which represent 82% of the retained profits.

“We are pleased to reach an agreement that benefits both companies. The agreement is an important step for Telecom Egypt. We will use cash flows from distributions to repay our loans in Egyptian pounds to low financing cost and increase the profitability of the company” Hamed said.

Alexandre Froment-Curtil, CEO of Vodafone Egypt and Adel Hamed, CEO of TE singed the cooperation protocols.

Talaat pointed out that these agreements and similar agreements signed between companies operating in the ICT sector come as a part of compatibility and mutual benefit to increase investments in order to develop the sector.

The second protocol between the two firms is about the delivery of correspondence and infrastructure services. Under this agreement, Vodafone’s current and future needs in local correspondence will be covered by TE. It also will provide fibre optic capacity services for Vodafone Egypt’s network.

In another context, the ICT minster inaugurated on Monday the second regional conference of the International Telecommunications Society, which is hosted by the National Telecommunications Regulatory Authority in Aswan from 18 until 21 February.

Talaat stressed in his speech the importance of advancing all efforts to achieve complementarity and exchange experiences through research and discussions that bring together all concerned parties from all over the world, including academic researchers, the business sector and policy-makers, to meet the demands of the digital era.

He also highlighted that the Egyptian vision for the ICT sector is based on the need to build a scientific knowledge base in parallel to development and growth in the sector, so that perceptions and decisions for decision-makers are based on a rational and scientific view.

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GoodsMart, online grocery app, secures additional funding from Algebra Ventures https://ww.dailynewssegypt.com/2019/02/19/goodsmart-online-grocery-app-secures-additional-funding-from-algebra-ventures/ https://ww.dailynewssegypt.com/2019/02/19/goodsmart-online-grocery-app-secures-additional-funding-from-algebra-ventures/#respond Tue, 19 Feb 2019 20:01:14 +0000 https://www.dailynewsegypt.com/?p=690419 Start-up managed to grow its business three-fold in last 6 months, plans to use investment to further scale its business

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GoodsMart, the household shopping application, has announced that it has secured additional funding from Algebra Ventures, one Egypt’s leading venture capital funds, ahead of its upcoming Series B round. 

The app pioneers unattended delivery in the MENA region through offering clients an effortless and hassle-free shopping experience using the GoodsMart box, a sleek app, a wallet system for easy payment, and an efficient delivery model.

“Every single person in the team works to push client satisfaction to unprecedented levels. This is clearly reflected in our customer testimonials and organic engagement on social media, and in our cohort retention rates of over 70% a year in,” said GoodsMart’s Founder and CEO, Amr Fawzi.

Algebra Ventures invested $750,000 in GoodsMart’s Series A round in April 2017.

According to Algebra Ventures’ Managing Partner, Tarek Assaad, GoodsMart is a uniquely innovative company with tremendous upside potential, and the team managed to improve the start-up’s operational efficiency following the first round of investment.

“We are delighted to continue supporting GoodsMart beyond our initial investment,” he added.

This investment comes as GoodsMart prepares to raise its Series B investment round. The start-up managed to grow its business three-fold in the last six months, and it plans to use the acquired investment to further scale its business, upgrade its warehouse facilities, and bolster its operational capabilities.

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Siemens completes establishment of Toshka electrical substation’s extension https://ww.dailynewssegypt.com/2019/02/18/siemens-completes-establishment-of-toshka-electrical-substations-extension/ https://ww.dailynewssegypt.com/2019/02/18/siemens-completes-establishment-of-toshka-electrical-substations-extension/#respond Mon, 18 Feb 2019 18:09:25 +0000 https://www.dailynewsegypt.com/?p=690257 This paves way for Egypt-Sudan electric interconnection project

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Siemens has completed building and connecting the extension of Toshka electrical substation, southern Egypt, after three months of work, Siemens revealed on Monday.

The new extension paves the way for the implementation of the Egypt-Sudan electric interconnection project. The new 220 kv air-insulated substation (AIS) will dispatch around 400MW of electricity to secure reliable power transmission coupled with minimal losses of transferred power, added the statement.

The substation, which is located near the Egyptian-Sudanese boarder, about 1,300 km away from Cairo, will play a strategic role in the upcoming Egypt-Sudan electric interconnection project, the statement noted, adding that the project links the national grids of both countries, from Toshka city in Egypt to Dongola in Sudan, via a 170-kilometre transmission line.

The substation’s extension is expected to connect 400MW, the statement mentioned, adding, “With a difference in peak demand times during the day for each country, the interconnection project will help foster energy exchange, therefore boosting electricity supply and economic growth in both Egypt and Sudan.”

“The new project comes in line with Egypt’s national plan to share power with neighbouring countries as well as drive more dynamic African cooperation in different areas, including energy,” said Sabah Meshaly, chairperson of the Egyptian Electricity Transmission Company.

The extension of Toshka substation marks the first phase of this landmark project, which will expand access and lower the cost of electricity supply to homes and business in Sudan and promote sustainable development, she added.

Under the agreement, Siemens was responsible for project management, engineering, designing, manufacturing, and delivering of core components for the extension of the substation, along with providing site management, testing, and commissioning on a turnkey basis.

“Egypt-Sudan interconnection project is definitely a unique opportunity to unlock Africa’s vast energy potential,” said Farag El-Saadany, senior executive vice-president of Siemens in Egypt.

“For our team, this agreement not only represents our continued collaboration on outstanding projects like these but also our ongoing efforts to adapt to an evolving energy landscape and implement key regional infrastructure projects that support reliable, stable and efficient energy transmission.”

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Ericsson, Intel develop next-generation software defined infrastructure for 5G era https://ww.dailynewssegypt.com/2019/02/17/ericsson-intel-develop-next-generation-software-defined-infrastructure-for-5g-era/ https://ww.dailynewssegypt.com/2019/02/17/ericsson-intel-develop-next-generation-software-defined-infrastructure-for-5g-era/#respond Sun, 17 Feb 2019 21:35:03 +0000 https://www.dailynewsegypt.com/?p=690161 Ericsson and Intel Corporation have begun a multi-year collaboration to align ongoing development efforts in software-defined infrastructure (SDI) and Intel Rack Scale Design. The resulting next-generation infrastructure management platform will deliver a new level of cloudlike agility, transparency, and efficiency required for Network Functions Virtualisation (NFV), distributed cloud, and 5G. Many communications service providers have …

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Ericsson and Intel Corporation have begun a multi-year collaboration to align ongoing development efforts in software-defined infrastructure (SDI) and Intel Rack Scale Design.

The resulting next-generation infrastructure management platform will deliver a new level of cloudlike agility, transparency, and efficiency required for Network Functions Virtualisation (NFV), distributed cloud, and 5G.

Many communications service providers have already started transitioning to standards-based servers to reduce infrastructure costs. However, others need additional management capabilities to streamline operations and fast-track delivery of new services, in order to realize the full potential of their infrastructure.

Ericsson and Intel are teaming up to deliver a next-generation hardware management platform that extends the agility of the cloud to the hardware infrastructure layer. For service providers, the new infrastructure management solution will help speed time-to-market, maximise utilisation, and reduce total cost of ownership.

As part of the multi-faceted agreement, the companies will align development efforts of Ericsson SDI Manager software and Intel Rack Scale Design (Intel RSD) and extend these solutions with advanced management capabilities. These unified development efforts will allow operators to leverage multi-vendor hardware options, Ericsson’s end-to-end software solutions, and Intel’s latest architectural innovations.

Lars Mårtensson, Head of Cloud & NFV infrastructure, Business Area Digital Services, Ericsson, said: “We have long history of successful collaboration with Intel. This new collaboration will focus on software in addition to hardware and we see it to be truly transformative for service providers’ ability to successfully deploy open cloud and NFV infrastructure, from centralized datacenters to the edge. Intel’s and Ericsson’s joint efforts significantly strengthen the competitiveness and roadmap of the Ericsson Software Defined Infrastructure offering.”

Sandra Rivera, senior vice president of Network Platform Group at Intel, said: “5G will be transformative, accelerating today’s applications, and triggering a wave of new usages and edge-based innovation. Our infrastructure manageability collaboration with Ericsson will help communications service providers remove deployment barriers, reduce costs, and deliver new 5G and edge services with cloudlike speed on a flexible, programmable, and intelligent network.”

As part of the collaboration, Ericsson and Intel will converge Ericsson SDI Manager software and Intel RSD reference software while maintaining full backward compatibility for current customers. Jointly-developed software and hardware innovations resulting from the collaboration will be offered in subsequent Ericsson hardware platforms and may also be offered with Intel’s server products which are sold through other partners and in other industry segments.

Ericsson SDI system is based on Intel RSD and provides a common managed hardware pool for all workloads that dynamically scales and enables fast service rollout, performance optimization, and efficient hardware utilisation. Intel RSD is an industry-wide architecture for disaggregated, composable infrastructure that fundamentally changes the way a data center is built, managed, and expanded over time.

The companies will show the Ericsson SDI Manager at the Mobile World Congress 2019 in Barcelona on 25-28 February.

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Google, Apple criticised for Saudi app allowing men to track female relatives https://ww.dailynewssegypt.com/2019/02/16/google-apple-criticised-for-saudi-app-allowing-men-to-track-female-relatives/ https://ww.dailynewssegypt.com/2019/02/16/google-apple-criticised-for-saudi-app-allowing-men-to-track-female-relatives/#respond Sat, 16 Feb 2019 19:20:53 +0000 https://www.dailynewsegypt.com/?p=690053 Tim Cook, Apple’s CEO, said in an interview with NPR that he was unaware of the Absher app, the Saudi-based government app which allows men to track the movement of female family members, but he will investigate. The app was first highlighted at the beginning of February in a report of Insider news. It is …

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Tim Cook, Apple’s CEO, said in an interview with NPR that he was unaware of the Absher app, the Saudi-based government app which allows men to track the movement of female family members, but he will investigate.

The app was first highlighted at the beginning of February in a report of Insider news. It is available in Apple and Google app stores in Saudi Arabia. The US tech giants are getting blowback from human rights activists and lawmakers for hosting the app.

The app offers Saudis a one-stop shop for tasks such as paying parking tickets and renewing driver’s licenses. But Saudi men also use Absher to register their dependents as part of the kingdom’s repressive system, in which women have to seek permission from male relatives before they conduct a number of matters, including traveling outside the country.

Both Apple and Google have faced previous controversy over apps in their stores. Both stores have policies banning inappropriate content such as the promotion of hate speech, graphic violence, bullying, and harassment. The companies have faced some backlash over these policies, particularly around how they might impact small businesses.

Apple and Google have different systems for flagging inappropriate apps. Apple pre-screens apps, and Google relies on its users to alert it about violations. However, each company needs to boost scrutiny of government-supported apps.

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