574 Articles
Mohamed Sameh, corporate sector manager at Telecom Egypt (TE), said that the company plans to boost the contribution of data centre services and other value-added services like hosting, cloud computing, and other services to the business sector’s total revenues by up to 25% in the coming five years. TE revealed several days ago that there …
Online purchases account for 1.8% of total trade in MEA
List of most radiation-emitting smartphones includes 6 Huawei models, 3 iPhone models
The market for personal computing devices is constantly changing, especially the smartphone sector, due to competition between various manufacturers, especially in China. At the global level, Chinese companies dominate the list of the largest smartphone makers, coming in third after Samsung and Apple. Huawei leads the growth in sales and market share of Chinese companies. …
Amendment proposed to provide funds for increased investment in submarine cables, says El Beheiry
Vodafone Egypt topped the list of telecommunications companies with the fastest growing revenues in 2017. According to sources in the communications sector, the Vodafone Egypt’s revenue growth reached 19%, while Etisalat came second with 18%, followed by Orange with 6%. Vodafone Egypt topped the list of most profitable telecom companies, with a profit growth rate …
Etisalat Egypt continued to lose more of its customers in similar fashion to recent months. The Ministry of Communications and Information Technology (MCIT) report, showing data from December, showed that the company has lost nearly 500,000 clients to other competitors. According to the report, the number of Etisalat Egypt’s customers declined from 23.1 million in …
Huawei ranks 2nd in terms of market share with 14.1%
Company targets 25% annual growth, plans to increase local components to 80%, Nofal says
The Egyptian Company for Silicon Industries (Sico Egypt) managed to sell 50,000 units of its new Nile X phone. According to the CEO of the company, Mohamed Salem, the company is targeting sales of 1.3m units before the end of the year. Salem sees the volume of sales achieved by Nile X as good considering …
A report issued by the Damietta Port Authority showed an increase in the volume of goods handled at the port during the past year by 32%, growing from 32m tonnes in 2016 to 37m tonnes in 2017. According to the report, the number of inbound and outgoing ships from the port increased from 2,562 in …
Startup Reactor offers up to EGP 300,000 funding for emerging companies
Privacy is our top concern, Truecaller says
Fawry electronic payment service has increased its points of sale (POS) to reach 75,000 at the end of December 2017. A source at the company said that the size of transactions made through Fawry POS reached EGP 25bn at the end of 2017. The official added that the company provided services to more than 20 …
Value of messaging services from TE to Vodafone last year reached EGP 1.1bn
Challenges include clear legislation, elimination of bureaucracy
Telecommunications and information technology (IT) companies managed to take the top nine spots of the world’s 10 most valuable brands in 2018, according to Brand Finance, an independent business valuation consultancy. According to the Brand Finance report, Amazon topped the list of the highest value brands in the world after its valuation at $150.8bn, up …
Minister of Communications and Information Technology Yasser El-Kady is set to inaugurate a fibre optics factory in Badr city on Tuesday. The plant is owned by HitekNofal Solutions and the Chinese Hengtong Group with investments up to $15m. An informed source at HitekNofal Solutions said that the plant will be established on three stages, the …
Egypt’s Communication and Mobile Syndicate (CMS) threatened to sue the three mobile network operators (MNOs)—Vodafone, Etisalat, and Orange—if they do not compensate mobile phone retailers after the National Telecommunications Regulatory Authority (NTRA) banned sales of new mobile lines through distributors as of March. The syndicate has granted the three MNOs a grace period until 20 …
3.3% decline in number of mobile internet users
The Egyptian National Authority for Tunnels (NAT) proposed a limited tender for consultancy on the rehabilitation of the Raml tram in Alexandria. The NAT invited six consultancy office alliances of those willing to participate in the tender to submit their bids for the project, pointing out that the opening of bids will take place on …
A report issued by Statista expects the internet user penetration in Egypt to reach 53.5% of the population by 2019, up from 48% last year. According to the report, the ratio will reach 50.8% by the end of the year, while access to the internet reached 45.4% of total population in 2016 and 43.3% in …
Siemens deal will increase Mentor Graphics’ revenue by €100m in 5 years
Etisalat loses 395,000 subscribers to competitors
The competition between smartphone companies in Egypt is strong. While Samsung dominated the largest share of market sales in the past years without real competition, the past two years witnessed the entry of new competitors to the arena. Samsung took a strong hit that affected its market share, as it struggles to maintain its current …
We will start with a centre in Smart Village and expand to technological parks, says El Tahawy
A report issued by Statista expected Egypt’s GDP to grow by 4.4% this year, up from 4.1% in 2017. According to the report, the country’s GDP growth rate will grow strongly in 2019 at 5.3%, then by 5.76% in 2020 compared to 2019. According to the report, GDP will grow further in 2021. The market …
Exports up by 63%
Huawei phones’ market share in Egypt during the second half of 2017 fell by 3% to 13.1% at the end of December compared to 15.9% at the end of June of the same year. Samsung held the largest share of mobile phone sales in the Egyptian market by the end of last December, according to …
Statista, an online statistics, market research, and business intelligence portal, issued a report on the expected inflation rates in the Egyptian market over the coming four years. The report predicted that the inflation rate will decline to 21.3% in 2018 compared to 23.5% in 2017, a decrease of 2.2%. According to the report, the average …