Vodafone Egypt announced on Tuesday it posted profits before interest and tax worth €652 million (11.98 billion Egyptian pounds or $796.7 million) for the financial year 2020/2021 ended in March.
The subsidiary of British telecoms group Vodafone (...)
Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, announced on Tuesday it it will be waiving all fees for new businesses wishing to benefit from its services in Egypt.
The move aligns with (...)
Telecom Egypt and Sudatel Telecom Group (STG) signed a memorandum of understanding (MoU) to boost cooperation in international connectivity between Egypt and Sudan.
The MoU aims to develop and make the best use of the network between the two (...)
Vodafone Egypt has signed on Wednesday a memorandum of understanding to acquire a 20 percent stake in each of Bee and Masary — both subsidiaries of non-banking financial services provider Ebtikar.
Under the agreement, Vodafone Egypt will acquire the (...)
Etisalat Misr continues to use Huawei virtualised solution, after the deployment of virtual Evolved Packet Core in the third quarter of 2020.
Etisalat has continued benefiting from the elastic scalability of Huawei's virtualised solution by (...)
Egypt Post, the governmental agency responsible for postal service in Egypt, is trialing a new artificial intelligence (AI) and GPS-powered logistics management software provided by Softec International, the postal service authority said in a (...)
Etisalat Misr, the Egyptian unit of UAE's Etisalat Group, reported on Tuesday a 22 percent year-on-year growth in revenues to around 17.8 billion Egyptian pounds ($1.1 billion or 4.17 billion dirhams) for 2020.
Earnings before interest, taxes, (...)
Orange Egypt reported on Sunday a 6.7 percent year-on-year increase in revenues to €891 million ($1.1 billion or 16.9 billion Egyptian pounds) during 2020.
In 2019, the subsidiary of French telecoms group Orange saw revenues worth €831 million (15.7 (...)
Egypt is expected to sign an agreement within the first quarter of the year with one of the foreign firms to manufacture tablets domestically, its communications minister Amr Talaat said on Tuesday.
"The Egyptian government is negotiating with the (...)
Orange Business Services, the business services arm of Orange, announced on Tuesday that it will design and build a new data centre to provide cloud services for Egypt's new administrative capital.
The project will be implemented in collaboration (...)
Vodafone, the world's second largest mobile operator, said on Thursday its service revenue in Egypt grew by 4.2 percent year-on-year for the third quarter of the financial year that ended in December.
Vodafone Egypt recorded third-quarter service (...)
Egypt's Minister of Communications and Information Technology Amr Talaat has issued a decree appointing two new Vice Presidents at the Information Technology Industry Development Agency (ITIDA).
The new appointees, who will hold their posts for one (...)
Egyptian microfinance startup Cassbana announced on Sunday it has raised more than $1 million in a funding round led by Egypt-focused fintech fund Disruptech.
Disruptech is a fintech fund launched in 2020 by Fawry co-founder and former managing (...)
The information and communications technology (ICT) sector has been one of the top growing sectors in Egypt despite the coronavirus (COVID-19) pandemic, with a gross domestic product (GDP) of 108 billion Egyptian pounds in fiscal year 2019/2020,
The (...)
Vodafone, the world's second-biggest mobile operator, has named Ahmed Essam, Egyptian national, as the new CEO of Vodafone UK effective February 1.
Essam will succeed Nick Jeffery, who will be leaving the network operator on February 15 to join (...)
The UAE House of Experience said on Sunday it is planning to launch the Digital Mall in Egypt by the end of next February after the launch of the mall in the UAE this month.
Ashraf Gaber, chief executive of UAE House of Experience (EPR Partners) and (...)
President Abdel Fatah el-Sisi inaugurate the 24th edition of Cairo International Communication and Technology Conference (Cairo ICT).
The exhibition, which will run until 25 November, will take place at the Egypt International Exhibition Center (...)
The number of mobile wallets in Egypt has jumped at least 17 percent to 14.4 mn between March and October as the pandemic boosted digital payments, the National Telecom Regulatory Authority said in a report.
Some 9.9 mn transactions were completed (...)
Vodafone Egypt said on Tuesday it posted profits before interest and tax worth €316 million (around 5.7 billion Egyptian pounds or $375.4 million) for the first half of the current financial year 2020/2021 ended in September.
The subsidiary of (...)
Orange Egypt announced on Sunday that it had generated revenues worth €226 million approximately ($267.5 million or 4.2 billion Egyptian pounds) for the third quarter of the year.
Last year, the subsidiary of French telecoms group Orange saw third (...)
Telecom Egypt achieved consolidated net profits of 3.53 billion Egyptian pounds during the first nine months of 2020, up by 3 percent year-on-year (YoY) from 3.42 billion pounds.
Hadn't it been for normalising for the employees' retirement plan (...)
Saudi Telecom Company (STC) and Vodafone UK are still in talks for the former to purchase the stakes of Vodafone Egypt, according to Vodafone Egypt CEO Mohamed Abdallah.
He added during a press conference that local management of the company is not (...)
Etisalat Misr, the Egyptian unit of Etisalat, sustained a quarterly revenue growth momentum, reporting an 18 percent rise in its third-quarter revenues supported by mobile data.
The Egyptian teleco company's third-quarter revenues rose to 1.1 (...)
LG Egypt to invest $50 million in manufacturing over the coming three years to boost its household appliance manufacturing capabilities according to LG Egypt's managing director Billy Kim.
The company is looking to up its production capabilities to (...)
Vodafone, the world's second-biggest mobile operator, has named Mohamed AbdAllah as its chief executive officer (CEO) in Egypt, effective November 1.
AbdAllah was previously Enterprise Business Unit Director (EBU) for Vodafone Egypt. As EBU (...)