Latest in Technology Highlight
Latest in Technology

Aman familiarises citizens with e-payment services
Aman for e-Payments has organised a celebration in Shubra Al Kheima to familiarise citizens with its services. The celebration also aims to encourage the people to take part in its electronic payment system in order to accomplish the vision of the company, which is aiming to create more efficient communities in terms of financial inclusion. …

Emerging companies in FinTech field to reach 250 in 2020: PAYFORT
Size of global investments in financial services technology companies is $16.1bn

Taxify to expand to coastal cities, offer new fare for summer trips
Fare begins at EGP 5, EGP 1.4 per km, says Sabry

Construction of mobile phones factory in Assiut Technology Park starts
The production of the first Egyptian cell phone expected next September, says Hosni

ACT aims to increase its business volume to EGP 1.2bn this year
The company increases its capital by EGP 50m to cover its future expansions

Sony’s Xperia XZ Premium named “Best New Smartphone”
The Glomo Award is the latest of 30 awards it received

Samsung Electronics releases new products at MENA Forum 2017
Samsung presented breakthroughs in picture quality, design, smart features and premium audio

Egypt ranks third in Africa in Facebook’s internet universality report
The report included 75 countries amongst which Egypt came 37th

Single, secure mobile app for all digital transactions launches in MEA
Og Money provides digital financial services to reach the 2 billion people and 200 million businesses without credit or savings in emerging economies One Global has launched a mobile app as a single, secure platform for all digital financial services across the Middle East and Africa. The Og Money platform, formerly known as PayIt, already …

47% of cyber phishing attacks in 2016 are financial
According to Massachusetts-based cyber-security-solution firm Kaspersky, financial phishing attacks were at an all-time high last year, with financial attacks accounting for nearly half (47.48%) of the 155m phishing scams recorded in total. Phishing attacks cost the least for cyber criminals to launch. According to the “Financial Cyberthreats in 2016” report, financial phishing attacks increased by …

Decline in ADSL internet, fixed line users in December 2016
The number of ADSL users has declined to 4.43 million

ESCC completes signature encryption for financing checks of agencies at CBE
The centre implemented the e-signature project at NTRA and Damietta Port Authorities

The 10 cheapest smart phones in Egypt during 2017
The cheapest phones sport an average processor of 1.2 GHz, 512 MB RAM, and between 4 GB and 8 GB internal memory

Volatility of FX rate hiked mobile phone prices over one year
Companies resorted to the black market to secure their pre-flotation US Dollar rate

Phone prices increase, despite reduction in March
The price increases of some phones exceeded 50% compared to last year

Twitter reveals increase of users’ activities in Ramadan
Egypt comes in third place after Saudi Arabia and the United Arab Emirates in engaging with published Ramadan-related content

Nokia unveils three new Android smartphones at Mobile World Congress
Company re-launches the 3310 equipped with a 22-hour talking-time battery

Samsung reduces prices of mobile phones by 5.6%
Samsung reduced the prices of its mobile phones for the second consecutive time at a ratio between 3% and 5.6% from the beginning of March. The price of the Piton declined from EGP 420 to EGP 400, a reduction of 4.8%. According to the price list obtained by Daily News Egypt, the price of the …

Infinix reduces the prices of its mobiles by 8%
The company agrees with agents to bear the price differences for traders

Itel approves amendments in incentives system for traders
5% of sale values go directly to traders whose sales exceed EGP 300,000

Oppo sales increase 100% in 2016: managing director
Managing director of Oppo for Africa and the Middle East Andy Shi said that the company achieved sales increases of more than 100% in 2016, compared to the year before, adding that the rate might have doubled if it was not for the pound flotation. He expects a better rate after the currency stabilises. He …

Slight growth in internet user numbers supported by new ADSL subscriptions
Amount of mobile internet users declined by 1.6% in November

Google tops World’s Most Valuable Brand list
Apple drops to second place compared to last year, says Brand Finance

3% decline in iPhone prices, 4% in iPads this month
The price of iPhones declined by 3% in February, where according to the new price list of Apple products, the iPhone 7 Plus has declined by 3%, from EGP 19,999 to EGP 19,399, whereas the price of the iPhone 7 Plus-28GB declined from EGP 22,699 to EGP 22,018. The iPhone Plus 7-256GB declined from EGP …

New increases in Huwaei and Infinix mobile phone prices this February
8.6% increase in Huawei prices, 7.9% increase in Infinix

Will 2017 be the real return for Nokia phones?
Nokia to launch its smartphones in Egypt mid-May

Huawei acquires 10% of global smartphone market sales
The three Chinese brands among the top five make up almost 20% of the global market share

El Kady discusses with YOFC final steps to establish optical fibre cable factory
El Kady stressed on the importance of responding to the current increase of domestic demand for optical fibre cables

KnockMart.com launches initiative to partner with retail outlets in Greater Cairo
KnockMart.com, the online supermarket, has launched an initiative to partner with retail stores. The initiative aims for KnockMart to link shops to its electronic network and provides goods at the same prices. This comes to coincide with the state’s plan to support small and medium enterprises (SMEs). Ahmed Taher, CEO of KnockMart.com, said that activating …

FreeTel aims to acquire 5% of Egyptian mobile market in 2017
Sameh Sabry, Egypt’s general manager for Unicom Trade, the dealership and distributor of FreeTel phones in Egypt, said that the company intends to acquire a 5% share of the mobile phones market in 2017. Sabry told Daily News Egypt that the competition in Egypt is not easy, adding that the company aims to meet the …