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Forbes Middle East’s Under 30 Summit Launches in Abu Dhabi

Posted on ديسمبر 10, 2024 by aberabozaher

Forbes Middle East’s Under 30 Summit Launches in Abu Dhabi

Under the Patronage of Sheikha Salama Bint Tahnoon bin Mohammed Al Nahyan and in the Presence of Sheikh

Tahnoon bin Khalifa bin Mohammed Al Nahyan,
A distinguished cohort of global leaders, entrepreneurs, innovators, and changemakers gathers in Abu Dhabi to chart a path toward a brighter future.

● Khuloud Al Omian: “The UAE is not only a partner in success, but also a platform that invests in young minds, transforming ambitions into achievements.”
● The summit brings together innovation, sports, art, and entrepreneurship at Umm Al Emarat Park.

Forbes Middle East’s Under 30

Abu Dhabi, December 10, 2024: Under the Patronage of Sheikha Salama Bint Tahnoon bin Mohammed Al Nahyan and in the presence of Sheikh Tahnoon bin Khalifa bin Mohammed Al Nahyan, Abu Dhabi is hosting the third edition of the annual Forbes Middle East Under 30 Summit for the first time, which kicked off today at Umm Al Emarat Park. This remarkable gathering unites global leaders, entrepreneurs, and changemakers for thought-provoking panels, impactful discussions, and collaborative innovation. Celebrating leadership, creativity, and vision, the summit highlights pioneering ideas and achievements driving the future.

The first day welcomed distinguished attendees, including H.E. Mohamed Bin Taliah, Chief of Government Services at the UAE Government; Ayman Mokhtar, Regional President for MENA and Eurasia at Viatris; Haleh Hamedifar, Chairperson of CinnaGen; Geoffrey Alphonso, CEO of Alef Education; Katralnada BinGhatti, CEO of Binghatti Holding; Menna elKiey, Lyricist, Writer, and Creative Director; Mirna Arif, General Manager of Microsoft; as well as actress Yasmina El-Abd.

“The UAE is not only a partner in success but also a platform that invests in young minds, providing a nurturing environment that unleashes ideas and encourages dreams to soar. Here, everything is possible, and every ambition can be transformed into an achievement,” said Khuloud Al Omian, CEO and Editor-in-Chief of Forbes Middle East. She emphasized Forbes Middle East’s commitment to supporting and empowering youth to realize their ambitions, highlighting that they are the driving force behind change and innovation.

“The summit aims to provide a platform for collaboration and innovation, where young people can exchange ideas, share knowledge, and build a better future by celebrating their inspiring success stories,” she added.

Discussions and panels are being hosted across two main stages: the Social Hub and the Innovation Hub. At the Innovation Hub, which covers science, technology, commerce, and finance, panels included “Mastering the Entrepreneurial Mindset,” exploring the traits that define successful leaders, from cultivating a growth mindset to staying ahead of the curve in an ever-changing business world. The “Engineering Tomorrow’s Startup Legends” panel also delved into the practical aspects of startup success, including streamlined operations, effective resource allocation, and building a foundation for continuous innovation.

At the Social Hub, focusing on sports, entertainment, and social impact, the Olympic Gold Medalist Ahmed El Gendy shared his journey to the elite level in sports. Attendees also delved into the power of women in art, culture, and innovation, exploring their journeys and the impact of their work in driving societal transformation.

From sports to storytelling, the Social Hub also hosted an inspiring session exploring the art of communication and creativity, delving into podcasting, public speaking, leadership, and visual storytelling.

Elsewhere, participants unleashed their creativity through a graffiti workshop, tufting sessions, and tote bag painting, and wellness enthusiasts found inspiration in yoga classes and an ice bath experience. Additional highlights included storytelling sessions and a chocolate-making masterclass.

Forbes Middle East is collaborating with various partners, including event partners, Alef Education, CinnaGen, and Cyber Security Council; strategic partner, the Abu Dhabi Youth Business Council; food vendors partner, Cucina Del Sul Entertainment; gift partners, La Biosthetique, Daima, Yogalogy, and Karji Perfumes; food partners, Holy Smokes, Ugly Noodles, Pop City Ice Cream, James Café, Spill the Bean, Oro Pizerria, and Fresa Creamery; support partner, Avisa Smart Hospitals; and media partner, Rominds Production.

Al-Marshedy Group signs a contract with Redcon to implement towers in Skyline with investments of EGP650m

Posted on ديسمبر 10, 2024ديسمبر 10, 2024 by aberabozaher

Al-Marshedy Group signs a contract with Redcon to implement towers in Skyline with investments of EGP650m
Redcon Spain undertakes the implementation of concrete works for 5 multi-storey towers in Skyline within a time span of 15 months
Al-Marshedy is keen to accelerate the implementation rates of projects and provide the highest level of quality
Al-Marshedy Group has contracted with Redcon Spain Construction Company – affiliated with Redcon Group of Companies – to carry out 5 towers in the Skyline project in the Sixth Settlement “Katameya” with investments of EGP650m.

Al-Marshedy Group

The signing ceremony was attended by Eng. Tarek El Gammal, Chairman of the Board of Directors of Redcon Companies, Mr. Amal Abdel Wahed, Vice Chairman and Managing Director of Redcon Construction Company, Eng. Wael Saada, Chairman of Al-Marshedy Group, Eng. Nour El-Marshedy, Owner and CEO of Al-Marshedy Group, and a number of leaders of the two companies.
According to the contract, Redcon Spain will carry out the concrete works for 5 multi-storey residential towers in the Skyline project owned by Al Morshedy Group.

Eng. Tarek El Gammal, Chairman of Redcon Companies, said that the cooperation with Al Morshedy Group comes as a continuation of a series of high-end contracts concluded by the company with major private sector developers during the current year and confirms the confidence of major entities in Redcon’s distinguished work history.

He added that the company will be keen to use the latest technological and sustainable techniques in implementing the project.

Mr. Amal Abdel Wahed, Vice Chairman and Managing Director of Redcon Construction Company, confirmed that Redcon Spain Construction Company has a strong work history in the Egyptian market and has implemented up to 30 landmark projects, and about 12 projects are currently being implemented with a work volume exceeding 2 billion pounds.

He pointed out that the duration of implementing the works assigned to the company in the Skyline project is 15 months, and the project provides direct “specialized” job opportunities for 500 workers.
Eng. Wael Saada, Chairman of Al Morshedy Group, confirmed that the contract with Redcon Spain reflects Al Morshedy Group’s keenness to accelerate the implementation rates of its projects, and to conclude deals with major contracting companies to implement the work with the highest level of quality and to continue to provide added value to the Egyptian real estate market, similar to the major and remarkable projects implemented by Al Morshedy Group during its years of work in the market.

Eng. Nour Al Morshedy, Owner and CEO of Al Morshedy Group, expressed her happiness to cooperate with Redcon Spain, a subsidiary of Redcon Construction Group, which has been able to implement major projects that have achieved added value to the real estate sector for more than 30 years.

She explained that the cooperation will contribute to providing high-end products that take into account the highest standards of sustainability.
Redcon is one of the top 5 contracting companies in Egypt, and it is the first company in the Middle East to apply modern construction techniques, especially BIM technology to integrate Building Information Modeling description. Al-Marshedy Group was founded in 1983 by Engineer Mohamed Al-Marshedy, and implemented many distinguished projects that took into account innovation and unique design. The number of major projects that the company has implemented and is implementing has exceeded 21 projects, as the company’s customer base has exceeded 80,000 customers.

A strategic alliance between Global Urban developments and Al-Shinawi Group to implement Finsquare Mall

Posted on ديسمبر 10, 2024 by Fatma abdelhamed

,Engineer Mahmoud Omar, Managing Director of Global Urban Developments, and Mr. Omar Al-Shinawi

Chairman of Al-Shinawi Group, signed a contract to develop and launch Finsquare Mall in the upscale financial district of the New Administrative Capital.

Under the contract, Global Urban developments and Al-Shinawi Group will develop and implement Finsquare Mall in partnership.

,Finsquare Mall has achieved the highest implementation rates, as well as record sales since its launch

.reflecting the exquisiteness of the product and the superb facilities provided in the payment systems

Finsquare Mall is located on an area of 6000 square meters in the upscale financial district of the New Administrative Capital,

.near Bin Zayed Axis and 10 minutes from Al Amal Axis

,It is also close to the most famous landmarks of the New Administrative Capital, such as the iconic tower

.the green river, the presidential palace, the parliament, the international airport, and Al Masa Hotel

It is 5 minutes away from the Egyptian Opera House, and is located next to the Egyptian Stock Exchange building and the Central Bank.

.Finsquare Mall consists of two basement floors and a ground floor, in addition to seven upper floors

.The project includes administrative and commercial units distributed over different floors

,The two companies were keen to provide high-quality services in the project

as the construction ratio is 30% of the land area, and green spaces, landscapes, and recreational areas were provided for employees.

.Project management work was assigned to ERM Company due to its extensive experience in this field

,MK Office is responsible for the engineering consultancy work for the project

and Finsquare Mall is being implemented in accordance with the highest quality standards with the latest sustainability mechanisms being taken into account.

Raya Holding Announces $15 Million Investment

Posted on ديسمبر 10, 2024 by Fatma abdelhamed

Raya Holding for Financial Investments has announced a strategic $15 million investment in Raya Data Center (RDC),

a subsidiary of Raya Information Technology, led by Africa50, the pan-African infrastructure investor and asset manager.

,This investment is complemented by an additional $10 million from Raya Information Technology

,bringing the total of $25 million. The funding will support the construction of a new Tier III data center in Egypt

,aimed at accelerating the country’s digital transformation, enhancing its position as a regional technology hub

and meeting the growing demand for advanced data capacity and cloud computing services across the region. Following this investment,

Raya Data Center market valuation will exceed EGP 2.2 billion, underscoring its strong market presence and sustainable growth strategy.

,The new data center is set to become one of the top certified Tier III facilities in Egypt

with construction slated to begin in early 2025. This strategic partnership between Raya Data Center

.and Africa50 reflects a shared commitment to addressing digital infrastructure gaps across the continent

Additionally, the data center will align with global Sustainable Development Goals by incorporating eco-friendly and

energy-efficient practices throughout its construction and operation, promoting green infrastructure and fostering long-term sustainability.

CEO of Raya Holding: We are happy to announce partnership with Africa50

,Commenting on the partnership, Ahmed Khalil, CEO of Raya Holding

,said:” We are happy to announce this strategic partnership with Africa50

.which underscores investor confidence in Raya Holding’s vision and technological abilities

This partnership marks a key milestone in advancing Egypt’s digital infrastructure

,and positioning the country as a regional technology hub. It reflects a shared commitment to innovation

.”enhancing digital connectivity, and driving sustainable growth across vital industries

,He continued: “With the development of a new Tier III data center

,Raya Data Center is set to address the pressing need for reliable, scalable

.and certified digital infrastructure in Egypt and Africa

This investment reaffirms Raya Holding’s dedication to driving transformative projects that create long-term value for our stakeholders, fuel economic progress, and align with global sustainability goals.

,Eng. Hisham Abdelrasoul, CEO of Raya Information Technology

.emphasized: “At Raya Information Technology, we prioritize entrepreneurship in digital transformation

We are dedicated to delivering integrated solutions that cater to our customers’ evolving needs in today’s fast-paced digital world.”

Raya Data Center is committed to providing a world-class cloud infrastructure

,He further added: “Raya Data Center is committed to providing a world-class cloud infrastructure

.marked by exceptional security and reliability

This partnership with Africa50 will significantly bolster our ability to support digital economic growth

.”and drive innovation, ensuring the sustainable delivery of critical services with unmatched efficiency

Raza Hasnani, Managing Director and Head of Infrastructure Investments at Africa50

said “We are delighted to enter one of Africa’s largest data center markets alongside a proven operator

such as Raya Data Center. This investment is a key building block in our fast-growing pan-African data center portfolio.

RDC’s current and future data centers will not only support the Egyptian government’s digitization push

but also provide the necessary digital infrastructure on which the country’s thriving SME and startup ecosystem can build.

Raya Holding’s commitment to reducing emissions by transitioning to renewable energy aligns perfectly with Africa50’s commitment to building sustainable economies and investing in climate-resilient infrastructure.

The investment positions RDC to attract international hyperscale customers in North Africa, the Middle East and Europe, given Egypt’s strategic location.”

,It’s worth noting that, this investment follows a recent $40 million funding round for Raya Foods

,another portfolio company of Raya Holding, in partnership with Helios Investment Partners

.aimed at boosting food production and exports

These consecutive investments reflect international confidence in Raya Holding’s portfolio

.and its steadfast commitment to innovation and sustainable growth across multiple sectors

They further highlight Raya Holding’s capability to attract significant foreign investments, reinforcing its position as a regional leader in the business landscape.

Qualcomm celebrates successful completion of the second year of the Make in Africa Startup Mentorship Program and announces Wireless Reach winner

Posted on ديسمبر 9, 2024 by aberabozaher

Qualcomm celebrates successful completion of the second year of the Make in Africa Startup Mentorship Program and announces Wireless Reach winner

Highlights:
• The Qualcomm Make in Africa 2024 program supported ten startups from six African nations, addressing challenges in healthcare, agriculture, AI, and industrial sectors.
• Finalist DevisionX from Egypt, founded by Mahmoud AbdelAziz, simplifies AI model development with Tuba, a one stop platform enabling no-code and low-code solutions across industries like manufacturing and agriculture, enhancing accessibility and efficiency in AI vision applications.

• Aurora Health Systems of Kenya was announced as the winner of the 2024 Wireless Reach Social Impact Fund.
• Applications for Qualcomm Make in Africa 2025 are now open.

Qualcomm

Qualcomm Incorporated today announced the successful completion of the second year of its Make in Africa Startup Mentorship Program, culminating in the Make in Africa Finale 2024.

This platform continues to showcase the energy and innovation emerging from the African technology scene, demonstrating Qualcomm’s commitment to supporting startups as part of the broader Qualcomm Africa Innovation Platform.

Now in its second year, this program has successfully guided early-stage technology startups by providing mentorship, business coaching, engineering consultation, and IP protection advice.

This year’s Make in Africa finalists, from six African nations, are tackling real-world challenges across healthcare, agriculture, cutting-edge AI and industrial sectors.

The 2024 cohort includes the following startups (listed in alphabetical order):

– Aurora Health Systems from Kenya provides AI-based cardiovascular healthcare tools
– CropScan from Kenya uses solar-powered smart farming IoT devices
– Cure Bionics from Tunisia makes smart 3D printed prosthetic devices
– DevisionX from Egypt provides AI-based low-code computer vision tools

– Kalio from Cameroon is building AI tools for Agricultural IoT
– Kitovu from Nigeria provides tools and software for smart agricultural warehouse management
– NextAI Studios from Kenya builds AI-based emotion detection into toys for children’s mental healthcare
– RIM Nextgen from Kenya, uses smart tools for monitoring propane consumption
– Sparcx from South Africa uses AI for enhancing radar signal processing
– ViZmerald from Tunisia, is working on AI-based textile industry inspection

Wireless Reach Social Impact Fund Winner

Aurora Health Systems from Kenya was announced the winner of the 2024 Wireless Reach Social Impact Fund. This fund, provided by Qualcomm through its Qualcomm® Wireless Reach™ Initiative, aims to support startups in scaling their societal and market impact. Aurora Health Systems was selected for their innovative wireless, portable ECG device with LTE connectivity.

This device assists patients with cardiovascular disease by enabling remote data transmission of ECG data to healthcare providers, even in rural areas.

They are the first in East Africa to train ECG AI models on locally sourced data, resulting in more accurate algorithms and improved AI-powered diagnostics. Additionally, all finalists will receive stipends to further fuel their growth and help protect their intellectual property.

Highlighting the L2Pro Africa IP E-Learning Platform
In an effort to harness Africa’s vast potential for innovation and creativity, the L2Pro Africa IP e-learning Platform provides further support to startups across Africa.

This free online training program, developed in collaboration with Adams and Adams, Africa’s leading IP law firm, is designed to empower startups, SMEs, and researchers across the continent.

The platform provides essential knowledge and tools to protect and maximize innovations, addressing the pressing challenge of limited patent activity in Africa. By equipping innovators with the skills needed to safeguard and commercialize their inventions, L2Pro Africa aims to unlock new economic opportunities and foster a thriving ecosystem of innovation.

Launch of Qualcomm Make in Africa Startup Mentorship Program 2025

Building on the success of previous years, Qualcomm is excited to launch the Make in Africa 2025 program. Applications are now open. Details can be found here: https://www.qualcomm.com/company/locations/africa/qualcomm-make-in-africa

“The Make in Africa startups are disrupting traditional industries and tackling socio-economic challenges, crafting innovative solutions with global market reach by using AI, advanced connectivity, and IoT,” said Wassim Chourbaji, SVP & President, Qualcomm MEA & SVP, Government Affairs EMEA,.

“This startup mentorship program reflects Qualcomm’s commitment to support promising early-stage deep tech startups, empowering local talents, creating jobs and driving economic growth.”

About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges.

Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences.

Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology

breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity.

Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

Vertiv Introduces Compact, High-Power Density UPS for Large Data Centers and Other Critical Applications

Posted on ديسمبر 9, 2024 by malak ahmed

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv™️ PowerUPS 9000, an energy-efficient, high-power density uninterruptible power supply (UPS) system with a compact footprint. The system is engineered to support IT applications from traditional computing to high density applications. It is available globally in UL and CE models, from 250 to 1250kW per unit.

The Vertiv PowerUPS 9000 is designed for high-power density, as well as a high double-conversion efficiency of up to 97.5%. The system enables fast and easy installation, with top or bottom cable entry, as well as backfeed protection and ground fault kit options that are embedded in the system without need for extra space or on-site installation. The units are deployable anywhere in the world, reducing potential procurement and service inconsistencies, delivery delays and downtime.

“The Vertiv PowerUPS 9000 UPS is engineered to maximize reliability and efficiency and to minimize footprint and complexity,” said Giovanni Zanei, vice president, large power at Vertiv. “With its modular structure and high-power density, it will deliver energy-efficient, reliable power protection that data center customers are looking for to protect both traditional and mixed AI applications.”

The Vertiv PowerUPS 9000 is Vertiv’s most efficient UPS in its product class, with a physical footprint 32% smaller than previous generations. It is compatible with Vertiv™️ EnergyCore lithium battery cabinet, and other battery technologies, including Valve-Regulated Lead-Acid (VRLA) and Nickel-Zinc.

Dedicated, segregated controls and dual, hot-swappable communication and control boards allow each power module to operate independently. In the event of a fault, the affected module can isolate itself, thereby protecting the other modules and enabling continued operation. The continuous-duty solid state static bypass switch optimizes the bypass line, and the system is fully hot-service and hot-swappable, meaning maintenance and upgrades can occur without downtime.

The Vertiv™️ PowerUPS 9000 can be enabled with Vertiv™️ Next Predict, a preventative maintenance strategy with advanced monitoring, data-driven health analytics and insights that optimizes site operations. By leveraging AI and machine learning algorithms to monitor actual equipment conditions and measure equipment health, Vertiv offers a comprehensive solution for optimal equipment performance and longevity.

In Vertiv’s test labs, Vertiv engineers subjected Vertiv PowerUPS 9000 to extensive Engineering Validation Tests (EVT) and Design Validation Tests (DVT) against a wide spectrum of operational conditions to confirm its performance and reliability in real-world scenarios. It also passed additional environmental, performance and corner case tests – including debris protection, structural tests of seismic integrity and durability, and voltage surge and sag tests – that simulated extreme conditions the system may encounter.

Additional information about the Vertiv PowerUPS 9000 and the full portfolio of data center power solutions from Vertiv is available at Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

ITIDA Concludes Egypt’s Largest Tech Employment Fair, Unlocking New Job Opportunities in IT Sector

Posted on ديسمبر 9, 2024 by malak ahmed

The Information Technology Industry Development Agency (ITIDA) has successfully concluded its 14th edition of its IT Employment Fair (IEF), held online in October. The event connected qualified students and graduates with top local and multinational companies, providing career opportunities across the IT sector and fostering greater career awareness among Egyptian youth.
The fair featured 35 leading employers, including 20 global firms and 15 local companies, collectively offering more than 700 job opportunities in software development, embedded systems, and other IT fields. Over 13,000 job seekers registered, making it Egypt’s largest-ever IT employment fair with 8,189 attendees actively engaging during the event.
ITIDA has a strategic focus on transforming Egypt into a global outsourcing and technology innovation hub, with initiatives aimed at growing the industry, cultivating tech talents and digital skills, and reinforcing Egypt’s competitiveness on the global stage.
Engineer Ahmed ElZaher, CEO of ITIDA, underlined the fair’s role in accelerating the growth of Egypt’s IT sector. Egypt is committed to nurturing a pool of local digital talent capable of driving innovation and economic development. Through specialized training programs, we aim to prepare our youth for roles in digital transformation, the offshoring industry, and beyond,” he said.
ITIDA’s efforts to attract global players to Egypt are yielding remarkable results, as the country’s outsourcing exports alone grew from $2.4 billion to $3.7 billion in the past year. The country’s strategic location, robust infrastructure, and government support further enhance its appeal to IT Offshoring businesses.
The event underscored the rising demand for skilled IT professionals in Egypt, as data revealed a significant need for various technology roles. Leading the list of in-demand jobs is the ‘Full Stack Developer,’ representing nearly 12% of the total job openings. This is followed by ‘Design Engineer’ roles, which account for 8.55%. ‘CRM Engineer’ and ‘Mobile Applications Developer’ positions also featured prominently, each comprising 6.13% of the total demand.
Additionally, ‘Back-End Developer’ roles made up 5.27%, while ‘Software Testing Engineer’ and ‘Data Scientist’ positions represented 4.4% and 4.13%, respectively. These figures highlight the increasing need for advanced technical expertise to drive the growth of Egypt’s IT sector.
To further equip job seekers, ITIDA organized a series of workshops that provided valuable insights into resume writing, interview techniques, and career development strategies. By empowering Egyptian youth and bridging the gap between academia and industry, ITIDA’s employment fair plays a crucial role in driving Egypt’s digital transformation and positioning the country as a global tech hub.
Egypt’s ICT sector has emerged as a key driver of economic growth, being the fastest-growing state sector for the sixth year in a row. This growth is driven by strategic government investments in digital transformation, a skilled and growing talent pool, increasing demand for offshoring and outsourcing, and supportive policies fostering innovation and tech-driven growth.

Egyptian Developers accelerates construction of Jaya East mall and prepares for new project in Shorouk

Posted on ديسمبر 8, 2024 by malak ahmed

Egyptian Developers has successfully executed a solid construction strategy for the Jaya East project in Shorouk city, reaching a notable 90% completion rate ahead of schedule. The company has also achieved strong sales for the project and is now preparing for the launch of a new development in the same area. This progress underscores the effectiveness of the company’s strategic approach to real estate development.

Egyptian Developers

Abdel Rahman Abu Zeid, Chairman of Egyptian Developers, stated that in addition to the significant progress of the Jaya East mall, the company is preparing to introduce its latest development in Shorouk. This forthcoming project is poised to be a transformative development, bringing a distinctive offering that is expected to captivate clients and make a significant impression on the local real estate market. It aims to redefine the property development scene in Shorouk city, setting a new standard for innovation and value in the area.

Abu Zeid added that Jaya East, launched in February 2023, has already generated revenues of EGP 400m. Located in one of the most prominent areas in Shorouk city, the project sits directly on the city’s main axis, Gamal Abdel Nasser Road, opposite the Sakan Misr compound. It is just 3 minutes from the Sodic East compound, 2 minutes from the Geneva Road, 3 minutes from the high-speed electric train station, and 5 minutes from the Suez Road.

He noted that Jaya East is not merely a building, but a fully integrated commercial project, featuring Egypt’s first entertainment license and offering cutting-edge, innovative commercial spaces. The company has already sold 80% of the project and, due to strong demand, launched the second phase of the project under the name Jaya Mark, maintaining the same high-level amenities.

Abu Zeid revealed that the company achieved EGP 350m in sales from Bloom Mall, which was launched in July 2023. This project set new standards for developing distinguished real estate projects with the highest quality standards.

Additionally, the company launched Jaya Mark Mall El Shorouk in May 2024, generating EGP 450m in revenue, highlighting the strong and successful impact of the company in real estate development sector.

He also mentioned that the company owns the Jaya Business Complex in the Downtown area at New Administrative Capital, located just one minute from the regional ring road, one minute from the Bin Zayed axis, and one minute from the high-speed train and monorail stations. The project, which sits on two main streets, features a ground floor and 10 stores over an area of 6,000 sqm. Moreover, 90% of commercial properties have been sold out.

Abu Zeid stated, “Our goal is to develop commercial buildings with innovative and advanced features. We do not just build real estate; we create architectural landmarks. We are distinguished by our choice of strategic locations that enhance investment opportunities and encourage a modern, forward-thinking approach to work.”
He revealed the company’s plans to launch a new project that will be one of the largest developments in Shorouk. This project will be the first of its kind in the city, featuring a highly strategic location on both the Geneva and Gamal Abdel Nasser axes.

Abu Zeid pointed out that the company’s growth and success in achieving its sales targets reflect a clear expansion strategy. Each project has been built upon the success of the previous one, contributing to the company’s expanding capabilities and market presence. The company’s innovation in execution enhances its ability to deliver projects ahead of schedule, with exceptional quality, clearly reflecting its strategic vision.

He also acknowledged that the company’s team plays a key role in these achievements. Their dedication, expertise, and passion are directly responsible for the continuous success and future growth of the company. Every achievement is a testament to the collective efforts driving the ongoing success of the company.

How HUAWEI Transformed the Foldables Landscape in Just 5 Years

Posted on ديسمبر 8, 2024 by aberabozaher

How HUAWEI Transformed the Foldables Landscape in Just 5 Years

HUAWEI has announced significant progress in the foldable phone market, proving its flexibility and ability to innovate. With its cutting-edge designs and advanced technologies, the company has become a major player in the sector.

HUAWEI

At a time when the smartphone market appears to have reached saturation, HUAWEI has managed to achieve a remarkable increase in foldable phone shipments, recording a 257% year-on-year increase in Q1 2024, according to a report from Counterpoint Research, resulting in its market share reaching 35%. Now, HUAWEI is one of the top three brands in the global foldable phone market, reshaping the future of foldable technology.

The HUAWEI Mate X3 set a new benchmark for foldables when it came out

A 5-Year Innovation Journey Powered by Foresight
Huawei’s success in the foldable market didn’t happen overnight. In fact, Huawei was the first to predict foldable screens would become an inevitable mainstream trend in future smartphone development. As early as nine years ago, Huawei BG CTO Li Xiaolong(Bruce Lee) first mentioned a three-fold smartphone concept, which then took years to develop.

Huawei took the lead with the first release of HUAWEI Mate X at the 2019 Mobile World Congress in Barcelona – introducing a whole new form factor in smartphone design. 5 years on, Huawei is now hailed as an industry disruptor with the recent launch of HUAWEI Mate XT in China.

To be able to make leaps and bounds in its 5 years between its first and latest foldable, Huawei fused a hard-charging spirit with its innovative gene, taking an incisive approach to its innovations and carefully realising each vision into a real-world possibility.

Every year, Huawei invests over 10% of its sales revenue into R&D. Over the past decade, the company’s total R&D investment has surpassed CNY 1.11 trillion, with more than CNY 100 billion allocated annually to product and technology development. According to the Boston Consulting Group (BCG), Huawei is the world’s 8th most innovative company and ranks 5th in the 2023 EU Industrial R&D Investment Scoreboard.

This approach has clearly worked with every generation of Huawei foldable, each of which has had its own success: the seamless external folding of Mate X, the seamless internal folding of the Mate X2, the thin and powerful Mate X3 – each generation has had its own groundbreaking technical milestone. The folding tech has hit a new high with its latest and most cutting-edge HUAWEI Mate XT tri-fold smartphone, which was unveiled in China earlier this year,

catching industry observers by surprise.

Solving Real-World Challenges
Success, of course, isn’t just about innovation for innovation’s sake. Huawei’s progress has been driven by a deep understanding of user needs. It stems from listening to consumer feedback and a commitment to solving real-world pain points. Huawei identified three key user challenges with foldable devices: the durability of the foldable screen, the weight and build of the device, and the creasing that could form over time from repeated folding.

Tackling these common user experience issues head-first therefore moved up on the list of priorities. Such a user-centric ethos made way for creative solutions for its foldables, which included the development of the water drop hinge, the advanced precision hinge system, and the integration of Kunlun Glass.

At the same time, Huawei has also managed to keep its products slim and lightweight; the newest Mate XT release has been widely praised for its incredibly thin design, which is only as thick as bi-fold smartphones from other popular brands.

This week, Huawei unveiled the all-new Mate X6 foldable in China, sparking immense enthusiasm among consumers. As of November 26, reservations on Huawei’s official online store have already surpassed 1 million. Other brands are already scrambling to recreate the magic of Huawei’s tri-fold smartphone as Huawei prepares to release the HUAWEI Mate X6 outside of home ground. Huawei is set to host a major event in Dubai on December 12, where the Mate X6 and other innovative products are expected to be unveiled.

Pioneering An Era-Defining Trend
Huawei’s influence in the smartphone industry is undeniable. Huawei’s innovations are now setting the pace for the industry. Not only is this a testament to Huawei’s trailblazing vision, but such progress is an essential part of a healthy tech industry that’s largely been missing. Huawei’s new foldable technology has already had a positive influence on a largely stagnating smartphone landscape, where more brands could use some inspiration in creativity and adoption of a user-focused R&D strategy.

NymCard Partners with eNovate to enhance Card Production Services Across MENA

Posted on ديسمبر 8, 2024 by aberabozaher

NymCard Partners with eNovate to enhance Card Production Services Across MENA

Cairo, Egypt: NymCard, the leading payments infrastructure provider in the MENA region, announced a strategic partnership with eNovate, a subsidiary of eFinance Investment Group and Egypt’s leading card manufacturing and personalization services provider. This partnership aims to complement NymCard’s comprehensive payment solutions by integrating eNovate’s advanced card production and personalization capabilities.

NymCard

The partnership is considered a step forward towards NymCard comprehensive financial solutions offered to our clients, covering card issuance and processing, alongside card production and personalization services. This integrated approach streamlines the payment card lifecycle for NymCard partners across the region.

“Our collaboration with eNovate creates a one-stop solution that addresses all of our partners’ payment needs,” said Omar El Moataz, NymCard Country Manager. “This partnership reinforces our commitment to providing comprehensive payment solutions while simplifying the operational complexity for our clients.”

Ms. Nashwa Kamel , CEO of eNovate added, “We are proud to partner with NymCard to complement our payment card services in the region. This collaboration reflects our commitment to delivering state-of-the-art card production and personalization solutions, ensuring high-quality services for our partners and their customers. Together, we aim to deliver an exceptional payment experience that meets the growing market demands.”

eNovate brings its extensive experience in digitizing payment systems for major national projects, including the Takaful and Karama program, the Farmer’s Card system, the management of Egyptian pension cards, and various other initiatives in both the public and private sectors.

This partnership combines NymCard’s advanced payment infrastructure with eNovate’s state-of-the-art card manufacturing, personalization and value-added payment solutions providing partners with a unified solution for their payment card programs.

Foundever® Expands Offshoring Operations in Egypt, Adding 5,000 Jobs and Opening a

Posted on ديسمبر 7, 2024 by aberabozaher

Foundever® Expands Offshoring Operations in Egypt, Adding 5,000 Jobs and Opening a New Contact Center in Luxor

Foundever Invests €65 Million in Egypt, Leveraging Government Support for Talent Development and Cementing Egypt’s Role as a Global Hub for CX and IT Offshoring

Foundever, a leading global provider of customer experience (CX) solutions, has announced an ambitious expansion in Egypt, with plans to create 5,000 new jobs over the next four years. The company will also establish a state-of-the-art facility in Luxor, complementing its existing contact centers located at Cairo’s Maadi Technology Park and City Stars Business Complex.

As part of this expansion, Foundever has renewed and extended its existing Memorandum of Understanding (MoU) with Egypt’s Information Technology Industry Development Agency (ITIDA) for an additional four years, reaffirming its long-term commitment to Egypt as a premier destination for global business services.

The signing ceremony was witnessed by Egypt’s Minister of Communications and Information Technology Dr. Amr Talaat, alongside Ms. Benedita Miranda, General Manager of the Multilingual Region at Foundever; Mr. Ricardo Fernandez, CFO of the Multilingual Region at Foundever; and Mr. Ricardo Verdasca, VP of Operations for the Multilingual Region at Foundever.

This significant expansion highlights Egypt’s well-established and growing reputation as a global hub for CX services and IT offshoring. Foundever’s total investment in Egypt is projected to reach €65 million, underscoring the company’s confidence in Egypt’s capabilities and its strategic importance in the global CX landscape.

Dr. Amr Talaat, Egypt’s Minister of Communications and Information Technology, stated:

“This growth mirrors the ongoing success of Egypt’s outsourcing industry, which is one of the country’s most promising sectors with a distinguished global standing. The establishment of a new center in Luxor demonstrates increasing confidence in Egyptian talents nationwide and their ability to deliver services that meet international standards. The Ministry remains dedicated to fostering an enabling environment for investment through advanced digital infrastructure, progressive policies, and comprehensive training programs designed to equip our workforce with the technical, linguistic, and professional skills required by global markets.”

Over the past year, Foundever® in Egypt has achieved a 115% growth from 2023 and continues to build on its exceptional client portfolio, now serving 15 clients across 14 different languages.

Eng. Ahmed El-Zaher, CEO of the Information Technology Industry Development Agency (ITIDA), commented:

“The decision by Foundever to grow its operations in Egypt underscores the trust that global CX and offshoring players place in Egypt’s unparalleled value proposition as a hub for IT and Business Process Outsourcing services. Their expansion into Luxor and other governorates highlights confidence in the exceptional talent and adaptability of Egyptian professionals. ITIDA is proud to support such initiatives, reinforcing Egypt’s standing as a premier destination for multilingual customer experience services.”

With its planned new center in the famed city of Luxor, Foundever aims to further tap into the wealth of Egyptian talent while supporting Upper Egypt’s socio-economic development.

Ms. Benedita Miranda, General Manager of the Multilingual Region at Foundever, added:

“We’re excited to expand our operations in Egypt with the creation of 5,000 new jobs across multiple regions, reinforcing the country’s position as a global hub for exceptional customer service. This milestone, achieved with the invaluable support of MCIT and ITIDA, underscores our commitment to empowering Egyptian youth with opportunities to work for leading multinational companies.

We are especially proud to support women through our Freelance Mama program, enabling mothers to re-enter the workforce and thrive. Our investment in Luxor marks our first venture beyond Cairo, and we see a great potential for it to become an important customer service hub. More locations will follow as we continue to grow and contribute to Egypt’s digital and economic development.”

Egypt has a unique blend of capabilities that make it an ideal outsourcing destination. With a population of over 106 million, including a significant number of young, educated individuals, Egypt boasts a vast talent pool proficient in multiple languages. This linguistic diversity, coupled with a strong educational system and a favorable investment environment, positions Egypt as a competitive player in the global outsourcing market. The country’s strategic location, robust infrastructure, and government support further enhance its appeal to international businesses.

Mina Wahba, Country Lead in Egypt, added:

“Egypt is a country with incredible potential, and we’re excited to be part of its growth. By creating jobs in Cairo, Luxor and surrounding areas, we’re enabling young talent to build meaningful careers close to home, fostering local development and opportunity. This expansion aligns with Egypt’s vision of becoming a global business services hub, and we’re proud to contribute to this national goal. We are especially grateful to MCIT and ITIDA for their invaluable support in helping us navigate challenges and successfully expand our operations across Egypt. While Luxor marks a new chapter, Cairo remains our center of excellence for shared services, driving operations, innovation in AI, machine translation, and next-generation solutions for the region and beyond.”

About Foundever

About ITIDA

The Information Technology Industry Development Agency (ITIDA) serves as the executive arm of Egypt’s Ministry of Communications and Information Technology (MCIT). Since its establishment in 2004, ITIDA has been at the forefront of advancing Egypt’s IT sector and championing the offshoring industry, boosting its global competitiveness and positioning it as a vital driver of the country’s economic growth.

ITIDA plays a central role in fostering innovation and tech-driven entrepreneurship by collaborating with public and private stakeholders, including universities, multinationals, accelerators, incubators, and investors. Through its strategic initiatives, ITIDA nurtures the growth of tech startups and reinforces Egypt’s position as a leading hub for IT offshoring services, leveraging the nation’s highly skilled workforce and advanced digital infrastructure.

www.itida.gov.eg

Ericsson enables efficient transformation to cloud native with new Compact Packet Core

Posted on ديسمبر 7, 2024 by aberabozaher

Ericsson enables efficient transformation to cloud native with new Compact Packet Core

Compact Packet Core enables easy modernization of the communication service providers’ (CSPs) current Packet Core to cloud native for both 4G and 5G.

It is a footprint optimized Packet Core solution that drastically reduces the complexity of deployment and upgrades with pre-defined configurations and automation.

The new solution is a future-proof platform enabling the introduction of 5G Standalone and scalable capacity growth.

Ericsson

The new Ericsson Compact Packet Core includes the cloud-native Packet Core Controller (PCC) and Packet Core Gateway (PCG) network functions on top of a compact, one rack, version of Ericsson’s Cloud-Native Infrastructure Solution (CNIS). It is a global solution with pre-defined parameter settings and streamlined migration procedures that simplifies transition to cloud-native and maximizes efficient return on investment in this key network infrastructure. Compact Packet Core fully supports 4G, 5G Non-Standalone (NSA), and 5G Standalone (SA) networks, providing CSPs with the capabilities needed to meet their strategic and operational needs.

Compact Packet Core is launched with solution lifecycle management service where Ericsson oversees automated upgrades of the network. This brings benefits such as seamless upgrades, and networks that are always up to date with the latest software innovation and security.

Monica Zethzon, Head of Solution Area Core Networks, Ericsson says: “With this solution we are providing a new approach for upgrading to cloud native and introducing 5G Core, built on our deep experience with the world’s most advanced networks. It significantly simplifies modernization while unlocking the full potential of our world-class cloud-native software.

We are proud to introduce the Ericsson Compact Packet Core for CSPs looking to accelerate their cloud-native journey and manage capacity growth.”

A smoother migration of all subscribers to cloud-native
The new solution delivers the simplicity of the “appliance” approach and adds to it by inheriting the key benefits from being cloud native. It supports key cloud-native features such as automation, In-Service Software Upgrades (ISSU), Container-as-a-Service rolling upgrades (CaaS RU) and gives CSPs the flexibility to adapt the network to new use cases or workloads as they grow and evolve their services to customers.

It delivers an optimized and validated configuration for deployment of the packet core network functions on CNIS to maximize ease of deployment, migration, and software upgrades, reducing overall complexity. With the pre-defined configurations of this solution a CSP has 80 percent fewer parameters to adjust when deploying and will enable up to 30% reduction in energy and hardware footprint due to its inbuilt capability to support the latest CPU generations as they evolve.

The solution has been created to solve specific challenges that CSPs are facing when transitioning from legacy infrastructure and is designed to simplify operations across the board. It guarantees seamless service continuation and retention of a CSPs business logic underpinning its technological configuration during installation, migration, upgrades, and expansions.

The proven Ericsson Packet Core software is used for all deployment scenarios including Compact Packet Core to secure interoperability.

Glen Hunt, Principal Analyst at GlobalData says: “It is no secret that CSPs face common and testing challenges when upgrading their cloud deployment models to introduce or expand the benefits of a cloud-native operating model or lead towards the deployment of 5G Core.

Ericsson’s Compact Packet Core removes the barrier to deployment that comes with lengthy interoperability and integration testing by virtue of being a pre-integrated solution, and its in-built configurations and reduced footprint demands mean a less costly, complex and time-consuming migration is possible.”

The move to cloud native is well underway, with growing momentum evident in the market. As of October 2024, Ericsson has 120+ unique 5G Core or cloud native commercial contracts, with 55+ live dual-mode 5G Core solution customers (including EPC, 5G NSA and 5G SA live customers). Also clear is the growing appetite for 5G SA. Ericsson Mobility Report research indicates close to 60% of 5G subscriptions – 3.6 billion – will be 5G SA in 2030.

Separate Ericsson research in Europe showed consumers are willing to pay up to 15% on top of their ticket to improve their connectivity and app experience at large events such as concerts or sporting occasions. 5G SA best allows CSPs to meet this requirement, by introducing differentiated connectivity offerings like reserving a part of their network to provide assured quality of experience for specific users or apps.

Ericsson was recently placed as a leader in the Market Landscape: Core Vendors 2024 report from analyst house Omdia, with the highest overall portfolio score of the vendors assessed having the top spot in both cloud native readiness, automation, and policy and charging. It was also named a Leader in the 2024 Gartner® Magic Quadrant™ for CSP 5G Core Network Infrastructure Solutions, and named top of Frost Radar™ 5G network infrastructure market ranking for the fourth year running in an analysis that covers RAN, transport and core networks.

Ericsson currently powers 37 of the world’s 60+ commercially live 5G SA networks, with its RAN solutions and the cloud-native Ericsson dual-mode 5G Core solution.