Telecom Egypt (ETEL) reported a 48.26% year-on-year increase in net profit for the first nine months of 2023, reaching EGP 9.148 billion. This growth is reflected in both its consolidated and standalone financial statements, with significant rises in operating revenues and net profits, underscoring the company’s strong position in the telecommunications sector.
Taly, backed by Banque du Caire, is set to launch new digital payment platforms for corporate and individual users as part of its expansion strategy. The company, which already provides payment solutions to merchants, is enhancing its services with a focus on digital transformation and security, and aims to significantly increase its customer base and transaction volume.
Egypt’s Ministry of Petroleum partners with Huawei on three key agreements to advance digital transformation in the oil and gas sector, focusing on training, green energy solutions, and data centers.
Huawei and UNESCO’s TeOSS project, supporting digital education, marks significant progress in Egypt, Ghana, and Ethiopia, focusing on enhancing educators’ digital skills and establishing a National Distance Learning Centre in Egypt.
Egypt’s National Telecom Regulatory Authority (NTRA) has been awarded the highest ranking in the ITU’s G5 Benchmark for regulatory performance, highlighting its success in collaborative regulation for digital transformation.
The American University in Cairo (AUC) and Egypt’s Ministry of Communication and Information Technology (MCIT) have signed a protocol that…
SAP’s event in Cairo highlighted its commitment to green energy and digital transformation in Egypt. Abu Qir Fertilizers and Alexandria Mineral Oils Company are already incorporating SAP’s innovative cloud and digital manufacturing solutions to boost efficiency and sustainability, aligning with Egypt’s Vision 2030. The move showcases SAP’s suite of solutions to support organizations in managing their environmental impact, reinforcing the integration of sustainability in business practices.
Akhdar, the largest Arabic platform for educational content, has joined forces with Value Maker Studio (VMS) to enhance educational outreach and support tech startups in their expansion into the Saudi market. Akhdar offers a wide array of educational materials in Arabic, accessible in under 15 minutes, and is used by over 1.5 million users globally. VMS’s “Bridge Program” is set to aid Egyptian startups to navigate and penetrate the Saudi marketplace with a robust support system, starting January 2024.
Fawry, Egypt’s pioneering payment service, partners with MoneyHash to enhance digital payment infrastructure, offering merchants advanced solutions for fraud prevention and improved transaction experiences.
