رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

15 يناير 2026

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رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

الوسم: alekhbaryia

,El Batal set to launch Rock Developments, its new real estate arm

Posted on by Fatma abdelhamed

,El Batal set to launch Rock Developments, its new real estate arm

to expand its presence in both local and international markets

El Batal plans to introduce a new real estate division called Rock Developments

,El Batal is gearing up to launch Rock Developments as part of its strategic growth plan

extending its reach into Egypt, Saudi Arabia, and Canada

.El Batal is set to unveil its new real estate arm, Rock Developments, with a capital investment of EGP 6bn

.This move is part of the company’s broader expansion strategy into Egypt, Saudi Arabia, and Canada

,To support the launch, the company has initiated an extensive marketing campaign

.with a formal announcement of its strategy and objectives anticipated before the month’s end

 Eng. Emad Doss: the company’s strategic plan focuses on measured expansion

,Eng. Emad Doss, CEO and Managing Director of El Batal

stated that the company’s strategic plan focuses on measured expansion and selecting countries with

.the most promising investment opportunities and strong demand

,Doss said that the new arm, Rock Developments, will feature a range of residential and commercial projects

.branded under the “Rock” name in both East and West Cairo

,He added that the new entity has selected specific markets for expansion and growth in the coming period

.with a number of diverse real estate projects planned

The new company will operate under the umbrella of El Batal

,The new company will operate under the umbrella of El Batal

.as a subsidiary that will add a new real estate development arm with innovative plans

,He further noted that the new entity is expected to achieve greater expansion and innovation

He disclosed, “With a track record spanning over 45 years, we were pioneers among real estate development

.companies in expanding beyond Egypt, particularly into the Canadian market

,In addition, we have successfully completed a number of distinguished projects in Egypt

,including Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October

,Rock Capital in New Administrative Capital, Rock Vera and Rock Gold Mall in Fifth Settlement

.”and Rock Ville in El Obour

,He pointed out that Rock Developments will encompass a range of new real estate projects in Egypt

Canada, Saudi Arabia, in addition to the company’s previous residential

.and commercial projects branded under the “Rock” name in both East and West Cairo

He concluded that the launch of this new entity aligns with the company’s ongoing efforts

,to accelerate the progress of its current projects, improve execution rates, and adhere to delivery timelines

.all of which strengthen the company’s credibility and foster trust with its clients

Qawafil Developments launches its latest projects in New Cairo among a strong expansion plan

Posted on by malak ahmed

Qawafil Developments Company announced launching its latest projects in the second district in Beit Al Watan in New Cairo, which is a residential mini-compound, as part of the company’s ambitious expansion plan based on carefully studied gradual growth.

Eng. Mohamed El Gohary, Qawafil Developments Chairman, said that the company succeeded in launching and implementing a diverse portfolio of separate projects within the highest quality standards, and succeeded in delivering part of these projects on the scheduled dates and according to the agreed specifications, as the company focused on the elements of quality and commitment to be able to have a remarkable print in the real estate market, in a way that supports its credibility and the clients trust.

He added that the new project is a residential mini-compound located on an area of 3,200 square meters in Beit Al Watan area, and the buildings within the project have a garden view, and the project includes a parking on an area of 3000 square meters, a swimming pool on an area of 150 square meters, and the project includes units with various areas with a total of 48 units, pointing that the settlement work begun in the project after obtaining the required licenses.

He noted that there are plans to start delivering the project within 3 years, and the company aims to deliver before this date, as the speed of implementation besides maintaining delivery on time, also comes within the hedging strategies that maintain the cost of the project without any changes or gap between the price of the unit and the cost of its implementation.

He explained that Qawafil Developments is implementing more than 40 separate projects at the same time, and there is continuous follow-up to the volume of construction in these projects, and more than 15 projects have been delivered till now, and it is planned to deliver two other projects before the end of this year, which are separate projects that have been worked on to be a distinctive mark and a work portfolio added to its distinguished record.

He pointed that the company started its work in New Cairo since 2018, and during that period it committed to implementing and delivering distinguished projects, without any additions in the units price that were contracted on with clients in spite of the recent increases in the cost of implementation, which reflects the company’s strong credibility and commitment towards its clients and its sole bearing of any increases that occurred during the implementation of its projects in the past period.

It is worth mentioning that Qawafil Developments recently launched its new visual identity emanating from the Arab, cultural and architectural identity, in parallel with its launch of a diverse package of pioneering new projects.

Huawei Cloud hosts its Fintech Summit 2024 to unlock Egypt’s Fintech potential with the First Public Cloud in Egypt

Posted on by malak ahmed

Huawei Cloud hosted its first Fintech Summit 2024 in Egypt under the theme “Unlock New Growth with Huawei Cloud” to shed light on end-to-end cloud services tailored for fintech in Egypt.
The summit, which brought together key stakeholders in Egypt’s fintech ecosystem, showcased Huawei Cloud’s cutting-edge solutions designed to address the specific needs of fintech companies. These include Huawei Cloud KooVerse, with its extensive global coverage of 33 Regions, 93 availability zones, and over 2,800 CDN nodes worldwide, offering low-latency infrastructure for seamless payment processing, and cloud-native database solutions that provide superior performance and scalability. This robust infrastructure is crucial for fintech companies aiming to provide their customers with seamless, real-time financial services.
The event explored the latest trends, innovations, and technologies shaping the future of financial services. Security compliance remains a top priority in the financial sector. Huawei Cloud emphasized its commitment to meeting the industry’s stringent requirements, including obtaining global and local security compliance certifications and implementing robust measures to ensure transaction and migration security.
The event also highlighted Huawei Cloud’s cloud-native database, which provides unparalleled performance and elasticity while preventing vendor lock-in and reducing hidden costs. The cloud-native database solution is a game-changer for fintech companies, offering the flexibility and scalability that fast-growing fintech enterprises need without compromising performance or data integrity.
In that context, Sherif Yehia, Deputy Assistant, Chief Information Officer, and Information Security Manager at the Financial Regulatory Authority (FRA), commented: “In today’s rapidly changing digital world, fintech has revolutionized the financial landscape, particularly in non-bank financial services regulated and supervised by the FRA, such as capital markets, insurance, and non-bank financing activities. It also fosters financial inclusion by facilitating access to finance, investment, and insurance.”
He further added: “The FRA has embarked on an ambitious plan to digitalize non-bank financial services by creating a fully conducive environment. This starts with issuing the law and executing resolutions 139-140-141 for the year 2024, which provide NBFIs with the support needed to transform their businesses into digital entities using fintech solutions like eKYC, electronic registries, electronic contracts, and electronic signatures. Embracing this innovation can open new avenues for economic growth. To support this, it is essential for the FRA to adapt its regulatory framework to keep pace with technological advancements while balancing innovation and regulation. We recognize the important role of companies like Huawei, which have proactively invested in local data centers to comply with regulations and support non-banking fintech companies that must store customer data within Egypt’s borders. This commitment demonstrates their dedication to fostering the growth of the Egyptian fintech industry.”

Yasser El Alaily, CEO and Managing Director of Egypt for Information Dissemination (EGID), said, “Cloud technology is a powerful force that can unlock the potential of Egypt’s fintech ecosystem. Huawei Cloud, in particular, provides seamless data access and fosters collaboration among financial institutions and innovators, facilitating the rapid development of customized financial solutions that enhance customer experiences and promote financial inclusion. By embracing cloud technology, Egypt can position itself as a leading fintech hub in the region, supporting the goals of Vision 2030. This shift is essential for empowering businesses, strengthening economic resilience, and creating a brighter future for all Egyptians.”

In his speech, Jo Xu, CEO of Huawei Cloud Egypt, said, “Huawei Cairo Region, the only public cloud in Egypt, helps the country’s data remain within its borders. We provide technical support, ecosystem solutions, and preferential policies for the fintech industry. We aim to help fintech innovate on the cloud to unlock new growth from ‘4+2’ aspects: solutions innovation in four scenarios and two basic capabilities. We focus on solution innovation in four scenarios: security and compliance; high-concurrency transactions; precise risk control; and integrating AI into production flow. The two basic capabilities are a resilient infrastructure that offers a consistent global experience and a strong global fintech ecosystem. Huawei Cloud is committed to helping fintech customers innovate on the cloud, unlock new growth, and reshape the financial services industry.”
At the end of his speech, he expressed pride in Huawei Cloud’s ability to provide a better choice for the world.
Furthermore, Jason YE, VP Huawei Cloud Northern Africa, added: “We recognize that cloud technology is essential for the rapid advancement of Egypt’s fintech landscape. With our first public cloud region, we are committed to providing the infrastructure and innovative solutions needed to drive digital transformation and support the financial industry’s growth. Together, we can build a thriving fintech ecosystem that empowers local businesses and contributes to Vision 2030.”
To further support the growth of the fintech ecosystem in Egypt, Huawei Cloud introduced its “Pioneer Program.” This program offers exclusive discounts to fintech companies, allowing them to enjoy free resource consumption in the Cairo Cloud Region for the first month. Additionally, companies can receive a 20% discount on Huawei Cloud Egypt services in the second year if they purchase services in the first year (excluding CDN/SMS). To be eligible, the contract must be signed before December 31, 2024.

Huawei Cloud Launching Fintech Pioneer Program

Notably, Huawei has expanded its footprint in Egypt by launching its first public cloud region in Cairo. This strategic move positions Huawei Cloud as a key player in Northern Africa, offering a comprehensive suite of cloud services, including infrastructure, databases, AI, and big data. In partnership with local providers, Huawei Cloud is empowering industries like digital government, media, web3, e-commerce, and telecommunications.

Teradix Secures $140,000 Grant from TAQADAM Accelerator Program to Fuel Expansion into Saudi Market

Posted on by Fatma abdelhamed

Teradix Secures $140,000 Grant from TAQADAM Accelerator Program to Fuel Expansion into Saudi Market

Cairo, Egypt – November 5, 2024: Teradix, a leading provider of innovative eProcurement solutions in MENA,

announced that it has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator program

at King Abdullah University of Science and Technology (KAUST)

to revolutionize procurement processes in the Saudi market.

The funds secured from the TAQADAM Accelerator program will be pivotal in supporting Teradix’s strategic

expansion into Saudi Arabia.

With a focus on enhancing its eProcurement solutions,

Teradix aims to drive growth, streamline procurement processes,

and deliver unparalleled value to clients in the region.

Teradix offers a comprehensive suite of intuitive procurement solutions

Teradix offers a comprehensive suite of intuitive procurement solutions designed to boost savings

and streamline operations for businesses of all sizes.

The platform enables seamless management of spending from requisitions to contracts,

ensuring every step of the procurement process is efficient and user-friendly.

With innovative sourcing tools, including simple RFQs and advanced reverse auctions,

organizations can achieve significant savings on every procurement request.

Teradix also enhances supplier engagement by consolidating interactions in one centralized location,

fostering better collaboration and communication.

Additionally, their customizable dashboards and reports provide effective insights and analytics,

empowering businesses to make informed decisions and optimize their procurement strategies.

Khaled Aboshady, Co-Founder and CEO of Teradix, expressed his excitement about the milestone, stating,

“Winning this grant from the TAQADAM Accelerator program is a testament to our team’s sheer focus and efforts.

It not only validates our innovative approach to eProcurement but also provides us with the vital resources

to expand our presence in the Saudi market and deliver unparalleled value to our clients in the Kingdom.”

Teradix’s entry into the Saudi market ushers in a new chapter on its journey towards transforming procurement

practices and fostering digital innovation in the region.

The company is poised to leverage this grant to accelerate its growth trajectory

and solidify its position as a key player in the eProcurement space.

OPPO and HKPolyU Renew Collaboration and Launch Joint Innovation Research Centre

Posted on by Fatma abdelhamed

OPPO and HKPolyU Renew Collaboration and Launch Joint Innovation Research Centre to Expand AI Imaging Frontiers

Guangdong OPPO Mobile Telecommunications Corp., Ltd.

(OPPO) and The Hong Kong Polytechnic University (PolyU) held a signing ceremony to further deepen their

collaboration based on the agreement signed in 2022,

contributing to the integration of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

OPPO will collaborate with PolyU to increase funding

According to the renewal agreement, OPPO will collaborate with PolyU to increase funding

and technology investment, upgrading the “PolyU-OPPO Joint Innovation Research Centre”,

which marks a new chapter in the comprehensive partnership in AI imaging technology.

The signing ceremony took place last Friday (1 November) at the PolyU campus,

witnessed by Prof. Jin-Guang TENG, President of PolyU and Mr Jason LIAO, President of OPPO Research Institute.

The agreement was signed by Prof. Christopher CHAO,

Vice President (Research and Innovation) of PolyU and Mr Zheng QIN, Head of Industry-Academia Affairs of OPPO.

Under the framework of the agreement, the “PolyU-OPPO Joint Innovation Lab”

will be upgraded to the “Joint Innovation Research Centre.”

Additionally, OPPO will provide no less than RMB 30 million over the next five years

to expand the scale of co-trained PhD and postdoctoral researchers, promoting technical development and

exploration in imaging algorithms while further deepening the collaborative efforts between OPPO

and PolyU in AI imaging technology.

“In the three years of collaboration between OPPO and PolyU,

we have witnessed significant technological breakthroughs and notable achievements in talent cultivation through the Joint Lab,” said Jason LIAO.

“Adhering to our mission of ‘Technology for Mankind, Kindness for the World’,

OPPO is dedicated to deepening the integration of academia-industry cooperation

OPPO is dedicated to deepening the integration of academia-industry cooperation in the field of AI through this

renewal, bringing more innovative intelligent imaging experiences to global users”

“We are delighted to extend our collaboration with OPPO to explore the cutting-edge frontiers of AI imaging,

” said Professor Jin-Guang TENG.

“PolyU will officially establish the Faculty of Computer and Mathematical Sciences in January 2025.

The Department of Computing, which houses the Joint Innovation Research Centre will also join the new faculty.

The new structure will effectively promote in-depth exchanges

and collaboration among research teams and create more impactful outcomes.

We believe that our joint efforts will infuse new vitality into technological innovation

and talent cultivation in the Greater Bay Area and globally.”

In 2022, to promote in-depth cooperation in GBA,

OPPO and PolyU signed an agreement to establish the “PolyU-OPPO Joint Innovation Lab.”

Within just three years, the Joint Lab has achieved a series of innovative milestones,

successfully developing and implementing various leading imaging algorithms:

the AI super-resolution technology has been applied to multiple OPPO products,

significantly enhancing the image quality of telephoto photography;

the deployment of HDR imaging algorithms enables users to capture high-quality photos under different lighting

conditions, greatly enhancing the photography experience.

Furthermore, the Joint Lab has actively explored cutting-edge technologies

, including image restoration and detail enhancement based on generative models,

as well as interactive image and video editing technologies.

These efforts have improved the quality and stability of image generation

and provide more possibilities for image and video post-processing.

Additionally, the Joint Lab has made significant strides in talent cultivation, nurturing several PhD

and postdoctoral researchers who are actively contributing to OPPO’s AI imaging technology,

providing a strong driving force for continuous technological innovation.

The evolving collaboration between OPPO and PolyU will propel the further development of AI imaging technology,

providing new momentum for technological innovation and talent development in the GBA.

Looking ahead, both parties will continue to strengthen the academia-industry cooperation,

fully exploring and promoting innovative applications of AI imaging technology.

About OPPO

OPPO is a leading global smart device brand.

Since the launch of its first mobile phone – “Smiley Face” – in 2008,

OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology.

Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series.

Beyond devices, OPPO also provides its users with ColorOS operating system and internet services.

OPPO has footprints in more than 70 countries and regions,

with more than 40,000 employees dedicated to creating a better life for customers around the world.

About The Hong Kong Polytechnic University

The Hong Kong Polytechnic University (PolyU) aspires to be an innovative world-class university

with a strong sense of social responsibility, driven by its motto,

“To learn and to apply, for the benefit of mankind”.

The University provides the best holistic education to nurture socially responsible “leaders of tomorrow”

who possess a strong sense of national identity

and a global perspective and pursues impactful innovation

and interdisciplinary research to address the world’s most pressing challenges.

A robust culture of knowledge transfer and entrepreneurship is a cornerstone of the University,

ensuring PolyU’s technologies are transformed into practical real-world applications.

The University’s unwavering commitment to excellence has earned it international recognition,

with PolyU consistently ranking among the top 100 universities worldwide.

Based on this solid foundation, the University will continue to make positive contributions in collaboration with

its strategic partners for the betterment of Hong Kong, the Nation, and the world.

Everest Development Group signs new strategic partnerships

Posted on by Fatma abdelhamed

Everest Development Group signs new strategic partnerships and plans to launch a series of projects

Everest Development Group signs strategic partnerships as part of an ambitious expansion plan

Everest Development Group announces new decisions and signs agreements as part of its strategic plan

Everest Development Group (EDG) recently announced a progressive strategic plan,

which was shared during a press conference at the Dusit Hotel,

attended by a select assembly of media representatives and industry experts.

The revamped strategy is a testament to EDG’s commitment to innovation

and excellence in the real estate sector, both domestically and globally.

Mr. Mohamed El-Rady, Chairman of EDG, expressed that these new directives

and collaborations are geared towards propelling the company into an era of enhanced growth and innovation,

built upon its solid history and achievements.

Mr. El-Rady detailed how EDG’s past experiences in real estate development provide a robust base for launching

forward-thinking projects that cater to the dynamic needs of their clients.

This strategy is designed to elevate their offerings on the international stage,

highlighting the company’s dedication to excellence and competitive edge in the market.“

At EDG, we’re anchored by innovation, sustainable growth, and a historical impact,” stated El-Rady. “

Our strategy is a reflection of our ongoing commitment to fulfilling the needs of our clients

and enhancing our service quality

 We anticipate a future filled with robust growth and more achievements through our dedicated team

and the continuous support of our clients.”

He underscored the company’s strategic plan, which revolves around three primary components:

a rebranding to EDG with a refreshed visual identity,

forming strategic partnerships to bolster investment opportunities and market presence,

and a consistent focus on current project timelines while planning future launches.

Everest Development Group holds a diverse portfolio of strategically located land plots

Everest Development Group holds a diverse portfolio of strategically located land plots,

optimizing investment potential across various sectors including residential,

commercial, and administrative spaces.

Mr. Ahmed El-Bayyar, Chief Commercial Officer at EDG,

discussed new strategic partnerships with renowned firms such as EHFS, Fusion Form,

Al Rajeh Modern Facility Management, and A Plus, each bringing extensive expertise

and stellar reputations to upcoming projects.

Mr. Ahmed Sabry, Head of Sales, revealed the upcoming launch of significant projects worth EGP 2bn

in the fourth quarter, alongside plans for additional projects next year with a total investment of EGP 11bn.

Sabry highlighted EDG’s client-focused payment plans,

which are designed to accommodate market conditions

and ensure financial stability for both the company and its clients.

Mr. Tamer Fahmy, Head of Marketing at EDG,

elaborated on the rebranding efforts as part of EDG’s comprehensive strategy for growth.

“The new brand identity aligns with our futuristic vision, reinforcing our leadership in the Egyptian market

and fulfilling client expectations,” said Fahmy.

The modernized logo and design elements represent EDG’s values of professionalism and quality.

Eng. Mohamed Emad of Fusion Form talked about their successful partnership with EDG in designing innovative

projects across multiple sectors, anticipating further collaborative success in future ventures.

Additionally, a collaboration with Egypt Healthcare Facilities Services (EHFS) was announced,

aiming to manage facilities for the Medplex project,

demonstrating EDG’s expansion into healthcare facilities management with top-notch services.

In conclusion, EDG’s strategic renewal promises a transformative journey in the real estate market,

backed by experienced partnerships and a strong commitment to innovation and client satisfaction.

Eng. Mohamed Emad, founder of Fusion Form, articulated the strong,

productive alliance between Fusion Form and EDG. With over 15 years in designing diverse,

top-tier architectural projects spanning multiple sectors,

Fusion Form has collaborated with EDG on numerous successful ventures

and is enthusiastic about future projects that promise to further quality and creativity.

Further enhancing its service spectrum, EDG has partnered with Egypt Healthcare Facilities Services (EHFS),

a subsidiary of Cleopatra Hospitals Group, marking a pioneering step into specialized healthcare facilities

management in Egypt and the Middle East.

EHFS will oversee the construction and management of the Medplex project,

a cutting-edge medical-commercial complex in New Cairo, offering comprehensive services including maintenance,

security, and patient care operations.

Mr. Tamer Fahmy, CEO of Al Rajeh Modern Facility Management,

emphasized the company’s approach to blending experience

and technology to meet unique client needs.

Al Rajeh’s collaboration with EDG aims to maintain asset integrity

and operational continuity, ensuring enhanced project value and investment returns.

Eng. Hazem Alam of A Plus discussed the partnership with EDG in their upcoming petroleum service project,

noting the company’s extensive international experience and the adoption of advanced technologies to meet

European standards.

These strategic partnerships and the reinforced brand identity underpin EDG’s ambitious plan

to not only continue its legacy of excellence but also to forge new paths in real estate development,

catering to both current market dynamics and future trends.

This comprehensive strategy ensures that EDG remains at the forefront of the industry,

poised for further success and innovation.

Central Bank of Egypt Conducts a Comprehensive Training Program for Calibers from the Central Bank of Djibouti

Posted on by Fatma abdelhamed

In Continuation of its Pioneering Role to Achieve Integration among African Central Banks

Central Bank of Egypt Conducts a Comprehensive Training Program for Calibers from the Central Bank of Djibouti

In light of the presidential directives to support Egyptian-African cooperation and integration,

the Central Bank of Egypt (CBE) conducted a training program for calibers from the Central Bank of Djibouti (CBD)

covering the latest operational systems employed in key areas for central banks,

including the “International Transactions Reporting System (ITRS)” in Egypt – a primary data source

for compiling balance of payments – in addition to the letters of credit and payment systems.

The delegation’s visit during the period from 28 to 30 October, 2024,

comes as a part of the comprehensive training program aimed at developing skills

and exchanging expertise between the two sides.

The training sessions were conducted with the participation of number of commercial banks operating

in Egypt to enrich the training through the provision of practical expertise.

In this regard, three of CBE’s representatives were appointed to provide on-the-ground training to CBD professionals Djibouti.

the Central Bank of Egypt has organized several virtual courses that explore a number of banking-related topics

Furthermore, the Central Bank of Egypt has organized several virtual courses that explore a number of banking-related topics

such as “Banks’ Restructuring and Banking Resolution”,

“The Implementation of International Anti-Money Laundering and Combating the Financing of Terrorism Standards,”

“Stress Testing,” in addition to “Transition to the ISO 20022 Swift Messaging System.”

The training program provided a comprehensive overview of the mechanism

for compiling international transactions and the various systems used to transmit data to the CBE’s database,

as well as review and audit processes in accordance with the system designed and developed by the CBE’s experts.

The program also featured a presentation on Egypt’s balance of payments and the mechanisms for preparing data

related to the ITRS, alongside addressing relevant issues and proposed steps for the CBD to implement this system.

The organization of the training program was facilitated by the Arab Academy for Management,

Banking and Financial Sciences (AAMBFS) under the auspices of Dr. Mustafa Hodeib,

and Egypt’s Ministry of Foreign Affairs represented by the Ambassador Mr. Khaled Al-Shazly,

the Egyptian Ambassador to Djibouti.

The Djiboutian side commended the training courses offered by the CBE,

highlighting the excellent organization and expressed their keeness to holding more

training programs to further strengthen the ongoing exchange of expertise between the two parties.

Egypt Gulf hosts first promotional event for Future Real Estate Expo in Riyadh with Egyptian Consul Present

Posted on by malak ahmed

Egypt Gulf Expo has kicked off its promotional campaign for the Future Real Estate Expo, scheduled for December in Riyadh, Saudi Arabia. The initial event, marked by strong and notable attendance, marks the beginning of a series of impactful promotional activities planned by the company in the lead-up to the expo.
With this exhibition, Egypt Gulf Expo aims to advance Egypt’s strategy to market its real estate sector internationally. The event will bring together a selection of Egypt’s leading real estate companies, each presenting a variety of distinguished projects, showcasing the potential of Egyptian real estate to a global audience.
Sameh Ahmed, Chairman of Egypt Gulf and Seen Real Estate, highlighted the notable attendance of Egyptian Consul Ambassador Ahmed Esmat Abdul Meguid, along with prominent figures from the Egyptian community and a large number of Saudi attendees.
The event aimed to generate interest for the upcoming Future Real Estate Expo, presenting details on the projects and companies involved.
Ahmed noted that the company is targeting a strong turnout, expecting around 8,000 visitors, which includes Egyptians residing in Saudi Arabia, Saudi clients, and other international attendees.
Ahmed added that there is strong demand from Egyptians working in Saudi Arabia and clients across the Gulf seeking to invest in Egyptian real estate. This demand is driven by Egypt’s extensive, varied selection of real estate projects and the competitive pricing of Egyptian properties compared to other regional markets.
He also highlighted the success of the company’s previous two editions of the expo, which attracted a high turnout and delivered strong results.
He explained that December was selected for the upcoming edition of the expo, aligning with the conclusion of the holiday season and the anticipated return of expatriates to the Saudi job market. This timing is particularly strategic, as the end of the year represents a peak sales period in Saudi Arabia. The company conducted comprehensive research prior to finalizing the launch date to ensure effective outreach to its target audience.
He also mentioned that a robust and diverse marketing campaign is planned prior to the expo’s launch. This campaign will include traditional marketing methods and modern technologies, such as social media, influencers, outdoor advertising, digital ads, and screens in the streets of Riyadh and shopping malls, aligning with the expo’s significance and strength.
He further emphasized that the previous two editions of the expo generated impressive sales reaching up to EGP 2bn, reflecting the company’s deep understanding of its target customer base and its ability to deliver appropriate real estate offerings. He confidently stated that the upcoming edition is expected to produce strong outcomes for the participating companies.
He mentioned that the company has established a comprehensive and varied marketing strategy in preparation for the expo’s launch. This strategy will incorporate a mix of traditional and contemporary marketing methods, such as social media, influencers, outdoor advertising, digital promotions, and displays in Riyadh’s streets and shopping malls. This approach aims to ensure that the marketing efforts reflect the importance and scale of the expo.
He noted that previous editions of the expo achieved impressive sales of up to EGP 2bn, highlighting the company’s insight into its target audience and its ability to provide relevant real estate solutions.
He concluded that the forthcoming edition is poised to deliver considerable success for the participating companies.

ICT Minister Witnesses the Launch of Invest IT Program in Collaboration with ITIDA and Flat6Labs to Support Tech Startups

Posted on by malak ahmed

Cairo- 4 November 2024:
Dr. Amr Talaat, ICT Minister , witnessed the launch of the Invest IT program, aimed at supporting tech startups. The program, introduced by the Technology Innovation and Entrepreneurship Center (TIEC), which is part of the Information Technology Industry Development Agency (ITIDA), comes in collaboration with Flat6Labs, a leading provider of early-stage venture capital in the Middle East and North Africa.
The program aims to empower Egyptian ICT and ICT-enabled startups at the seed funding stage or in pre-Series A across various governorates in Egypt. Invest IT program is designed to drive innovation, support startups, and contribute to Egypt’s economic growth.
The program is executed in two phases. The first phase focuses on preparing the participating startups for investment by providing a comprehensive set of training sessions, workshops, and advisory meetings tailored to each company, along with the essential tools and resources needed. The second phase of the program involves networking between the participating startups and a number of investors.
Dr. Amr Talaat, Minister of Communications and Information Technology, stated: “The Egyptian government is unwavering in its commitment to fostering a vibrant tech startup ecosystem. We are actively implementing a range of initiatives and programs that aim at upskilling entrepreneurs, attracting global incubators and accelerators, matchmaking startups with investors, and establishing Digital Egypt innovation hubs nationwide to empower entrepreneurs to turn their innovations into successful commercial ventures. We are actively working to simplify the establishment procedures and post-establishment processes, alongside investing in digital infrastructure. Egypt is among the top three countries in the Middle East and Africa for attracting investments in startup technology companies.”
Engineer Ahmed ElZaher, CEO of ITIDA, stated: “We are excited to join forces with Flat6Labs to accelerate the growth of Egyptian startups. By working together, we can create a more robust ecosystem and help startups scale and become globally competitive. This program is part of ITIDA’s ongoing efforts to support entrepreneurs at every stage of their journey starting from the initial idea to scaling and expansion into international markets.”
Hany El Sonbaty, Founder and Chairman of Flat6Labs, says, “With the launch of the InvestIT Program, we expand our support for Egyptian entrepreneurs—the innovators we’ve proudly supported since 2011. This program is not just about preparing startups for investment; it’s about equipping them with the tools and connections to scale their impact. Through our collaboration with ITIDA and TIEC, we’re committed to building a strong, vibrant ecosystem where startups can make a real impact on the tech landscape in Egypt.”
The contracts for implementing the program were signed by Engineer Ahmed ElZaher, CEO of the Information Technology Industry Development Agency (ITIDA), and Mr. Hany El Sonbaty, Founder and Chairman of Flat6Labs, in the presence of Mr. Ahmed El-Alfi, Founder of Flat6Labs, and Ms. Dina El-Shenoufy, Chief Investment officer at Flat6Labs, along with several leaders from the Ministry of Communications and Information Technology, the Technology Innovation and Entrepreneurship Center (TIEC), and Flat6Labs.
The program is set to support 12 startups over a duration of 6 to 8 months. During this time, the program administrators will provide consultation and coaching services to each of the 12 selected startups, addressing elements related to their investment readiness. The program will also support these startups in setting up their data rooms, containing all relevant investment-related documents. A key focus will be on connecting the startups with potential investors, international and local, and supporting them in closing investment deals.
To be eligible, startups must be at the seed funding stage or in pre-Series A rounds and have a scalable product or service. Furthermore, applicants must have been registered for at least two years prior to the program’s start date, and the founding team should consist of two or more members.
For applications, please visit the website of the Program https://tiec.gov.eg/English/Programs/Invest-IT/Pages/default.aspx

 

Ericsson targets high-performing programmable networks with new 5G Advanced software

Posted on by malak ahmed

After building out 5G networks, communications service providers (CSPs) are ready to further harness the benefits of this technology. Today, Ericsson (NASDAQ: ERIC) unveils seven 5G Advanced software products designed to empower CSPs with high-performing programmable networks. These innovations will elevate performance, enhance user experience, and drive revenue growth and operational efficiency, opening up new possibilities for the industry.
Ericsson 5G Advanced brings new radio access network (RAN) software capabilities that significantly boost performance and develop programmable networks that add value to connectivity. These capabilities are based on open network architectures, AI and automation, and intent-driven networks. They make it easier for CSPs to steer the network to meet business and sustainability goals by measuring and matching different performance levels to service-level agreements (SLAs).

Ericsson’s suite of 5G Advanced software includes transformative technologies such as:

• AI-powered RAN – uses artificial intelligence and automation for real-time data processing and intelligent decision-making.
• Intent-driven networks – allow CSPs to simply state their objectives while the RAN handles complex processes and actions.
• Service-aware RAN – adapts to various connectivity needs, ensuring real-time adjustments and observability to meet service requirements and proof of delivery.
Mårten Lerner, Head of Product Area Networks at Ericsson, says: “Our customers have invested significantly in building 5G networks across the globe, and now around 50 percent of the world’s mobile 5G traffic outside China is carried over Ericsson-powered networks. With our 5G Advanced software, we are empowering service providers to move more rapidly towards high-performing programmable networks and achieve their business objectives. By leveraging these new software products, we are not only raising the bar on connectivity but also paving the way for innovative applications and services that will transform industries and improve lives around the world.”
The seven new 5G Advanced products or subscriptions are:
• Real-time AI-powered automation – enables CSP to scale network automation even in complex scenarios, with maximum network performance and efficiency thanks to AI and real-time coordination with RAN features.
• Outdoor Positioning – allows CSPs and enterprises to introduce location-based services with or without GPS support on the 5G Standalone architecture.
• Mission Critical Services – enables CSPs to support new sectors requiring high resilience under heavy load and have specific needs for service continuity in public safety, defense, first responders, and railways.
• RAN Differentiated Connectivity – enables CSPs to take advantage of the network’s ability to ensure SLA compliance for various and multiple services simultaneously.
• Energy Efficiency and Management – Ericsson innovation and intent-driven approach that optimizes energy performance and lowers operational expenses. This helps scale energy management via automation.
• Premium Network Performance – Ericsson innovations and advanced performance features that enable more coverage and capacity in the most traffic-loaded scenarios. Improves customer loyalty by ensuring an exceptional experience for flagship devices.
• Device Battery Performance – allows CSPs to enhance the battery performance of any 5G device, including smartphones, wearables and AR/VR glasses with intelligent network features that save battery power.
The new software products will be commercially available between the third quarter of 2024 and first quarter of 2025 as software subscriptions. This software suite is compatible with Open RAN, Cloud RAN and purpose-built RAN. It also builds on earlier launches of 5G Advanced capabilities such as Critical IoT and Ericsson Reduced Capability (RedCap).
Rob Soni, VP, RAN Technology, AT&T, says: “AT&T is at the forefront of exploring new business opportunities and taking another step in laying the foundation for monetizing new services through enhanced capabilities with Ericsson 5G Advanced. By integrating these cutting-edge solutions, we can enhance our network performance and achieve operational efficiencies, all with the goal of better serving our customers.”
Kent Wu, Optus Vice President Access Network Strategy, Planning and Quality, says: “Optus is committed to providing our customers with an excellent network experience at a great value. One of the keys to delivering this is working with partners who are equally as committed to driving innovation and the customer experience as Optus is. As we continue to invest in and elevate our network for our customers, Ericsson’s advanced and innovative 5G technology will play an important role in that going forward. We are excited to work with Ericsson as they continue to advance the capabilities of 5G.”
Sri Amirthalingam, Wireless Engineering Executive, Telstra, says: “Telstra has already started down the path toward autonomous networks and we aim to introduce AI and autonomous mechanics across many of our network functions to better anticipate customer requirements, optimize network resources, and uplift customer experience. The new 5G Advanced software announced here by our key partner Ericsson, with its promised benefits to elevate performance, enhance user experience, and drive revenue growth and operational efficiency, is both timely and welcome for our ambitions and the industry overall.”
John Saw, EVP and Chief Technology Officer, T-Mobile, says: “The next wave of 5G innovation is here, and we are expanding T-Mobile’s nationwide 5G SA network to support 5G Advanced as soon as the end of this year. Together with Ericsson, we’re spearheading the development and adoption of 5G Advanced with capabilities like L4S, 5G RedCap, and up to six-carrier aggregation. These enhancements create new opportunities for businesses and customers by improving uplink speeds, lowering energy use and delivering a faster, more reliable experience.”
Rémy Pascal, Senior Research Manager Mobile Infrastructure, Omdia, says: “Communications service providers are keen to monetize their 5G investments. However, new revenues will stem from new services which, in turn, require more advanced network capabilities. Ericsson’s 5G Advanced software products such as Outdoor Positioning and Mission Critical services provide these revenue-generating capabilities. Additionally, the software offers solutions that enhance user experience and reduce costs through Premium Network Performance and Real-time AI-powered automation. Given their focus on optimizing resources, service providers must prioritize network features that support their business objectives.”

Dell Technologies and Hassan Allam Holding Sign Memorandum of Understanding to Enhance Technological Capabilities in Egypt

Posted on by malak ahmed

Dell Technologies signed a Memorandum of Understanding (MOU) with Hassan Allam Holding at Dell Technologies Forum in Cairo on October 8th. Through this agreement, Dell will provide services and solutions across servers and storage and potentially extend the collaboration to include client, backup, and recovery solutions.
The MoU was signed by Tarek Heiba, Managing Director, Egypt at Dell Technologies and Aly Kouriem, Group IT Director, Hassan Allam Holding to fuel growth and enhance efficiency across various operations.

Fawry Breaks Ground as the 1st in MENA & 10th in the world to Achieve Dual CPOC and MPOC Certifications for its Soft POS Solution

Posted on by malak ahmed

 Fawry (the “Company”, FWRY.CA on the Egyptian Exchange), Egypt’s leading e-payments solutions provider, announced today that its fully in-house developed Soft POS solution has successfully completed the MPOC certification cycle, making it the first company in the MENA region to achieve both CPOC and MPOC certifications and the 10th globally to receive the MPOC certification. Fawry holds full copyright ownership of ‘Tap N Pay,’ the first fully Egyptian-built Soft POS solution.

This dual certification enhances the company’s ability to provide secure, compliant, and cutting-edge payment solutions in the MENA region. Being both CPOC and MPOC certified demonstrates the company’s commitment to the highest standards in contactless payment security, fostering trust among merchants and customers. This accomplishment streamlines deployment of secure, mobile-enabled point-of-sale solutions and contactless payments, enabling expansion into new markets, improving customer acquisition, and strengthening relationships with financial partners and regulatory bodies.

The Soft POS technology will enable Fawry to enhance its e-commerce offerings by integrating seamless payment solutions, elevate its mobility solutions for better functionality and user experience, and expand its market reach within the service industry to better serve transportation, logistics, and maintenance sectors by integrating their mobility applications to the company’s payment infrastructure.

Eng. Ashraf Sabry, Chief Executive Officer of Fawry, commented: “I am incredibly proud of the efforts of our technology team in achieving this remarkable success. Being the first company in the MENA region with a fully in-house developed Soft Pos solution to get the MPOC and CPOC certification is not only a testament of Fawry’s commitment but also further demonstrates the trust and believe the company has in local talent. Being a locally built product will enable Fawry to offer the service at a cost advantage over competitors”.

CPOC (Certified Procure-to-Pay Operations Certified) and MPOC (Master Procurement Operations Certified) are professional certifications related to procurement and supply chain management, issued by the PCI Security Standards Council (PCI SSC). They focus on the essential skills needed to manage procurement operations effectively and streamline the procure-to-pay (P2P) process. Both certifications aim to enhance a professional’s ability to manage procurement operations efficiently, improve supplier relations, and implement best practices in purchasing and supply chain management.