Latest in Technology Highlight
Latest in Technology
ITIDA signs agreement to develop IT exports
Information Technology Industry Development Agency agrees with Schneider Electric to train skilled workers in its regional centre to develop exports.
Telecom Egypt to supply services to Al-Futtaim Group
The company will supply telecommunication and internet services to the group’s project, “Cairo Festival City”
Google steps up its battle for Internet ‘cloud’
Google cloud customers include Snapchat, the fast-growing social network which handles hundreds of millions of messages each day, and Rovio, creator of the “Angry Birds” online game.
BlackBerry says making headway with corporate, government clients
BlackBerry Chief Executive John Chen dismisses demise talk, says ‘we are very much alive’
Apple buys startup Topsy; gets rich Twitter data
The Wall Street Journal, which reported the news earlier, cited people familiar with the deal as saying Apple paid over $200 million.
Facebook phases in ‘Unfollow’ button
The world’s largest social network is constantly tweaking its newsfeed – the main page users look at on the network – often by reducing clutter
Egypt’s iGDP registers $2.5bn
While private consumption is the overwhelming driver of iGDP in other countries, private investment and public expenditure play bigger role in Egypt: Mckinsey & Company
Telecom Egypt to update Al-Ahli Bank information network for EGP 90m
TE and Al-Ahli Bank sign agreement to update the latter’s information network using fiberoptics at a cost of EGP 90m for five years
Apple acquires Israeli 3D chip developer PrimeSense
An Apple spokesman confirmed the purchase but declined to say how much it spent. Israeli media said it was about $350 million.
UAE Telco Etisalat fined for blocking rival Du’s promo texts
Etisalat is the bigger player in both of these segments and is seen by analysts as having more to lose from the introduction of the service.
Xbox One makes hot debut as console war revs up
Keenly-awaited Xbox One consoles launched in more than a dozen countries
Apple awarded $290 mln in Samsung patent case
The award revises the $450 million in damages originally granted in the landmark suit, but thrown out by a judge. It is in addition to nearly $600 million in patent infringement damages upheld from the trial last year
First e-waste factory launched in Egypt
E-waste factory will recycle laptops, mobile devices, printers and photocopiers and other electronic wastes to benefit from unused resources.
Mobile operators attempt to improve the ‘cash service’
The three mobile operators made proposals to CBE to collaborate on bettering cash transfer services
1.6 billion people on social networks
The study said the number was up 14.2 percent from a year ago and growth will push that number up to 2.33 billion by 2017.
Nokia shareholders approve mobile phone sale to Microsoft
Nokia’s share price has doubled since the plan was announced in early September with Microsoft agreeing to pay €5.44bn ($7.35bn) for the loss-making company’s mobile phone division.
Internet economy in Egypt amounts to EGP 15.6bn: Google’s regional manager in Egypt
El-Fakharany said that the government is first seeking investment opportunities in the internet sector to ensure its competitive structure without putting legal restrictions on the engagement of the online business community.
Technology IPOs pickup in Q3 2013
Back-to-school season helps push technology companies’ IPOs up.
Morgan Stanley says internet companies overvalued, lowers view
Morgan Stanley analysts said the rise in the valuation of internet stocks has been due to investors looking at the total addressable market (TAM) opportunity with minimal focus on risks.
Telecom Egypt hopes to win mobile licence this year
The company reported a 16% increase in revenue and a 2.3% rise in net profit in the third quarter compared with the same period last year.
Apple’s iPad Mini with retina display to go on sale Tuesday
Apple launched the thinner and lighter version of its tablet called “iPad Air” on 23 October and said an upgraded version of the iPad Mini will go on sale in November.
Technology enabled in the agriculture sector
A new protocol was signed between MCIT and MALR to help introduce ICT to the agriculture sector
Mobinil launches money transfer service
In coordination with BNP Paribas, Mobinil starts MobiCash service
Euromoney: Gross revenues increased by more than 40% over past year, $700m in revenues expected this year: Samsung Egypt General Manager
Market share for smartphone is around 70%.
Over 800 Egyptian employees work in the Beni Suef Samsung facility.
Samsung aspires to expand its export capabilities from Egypt to reach the GCC areas then Europe.
Starting next year, Samsung will make more investments to increase the manufacturing lines such as the panel assembly line
Euromoney: Technology sector to attract EGP 20bn of investments this year: Minister
Sector to grow by about 10% in 2013/2014
Forecasted investments slid from EGP 20bn to 24bn due to political turmoil in first-quarter
Ministry aims to broaden room for competition
Integrated phone license to be issued by year end
Ministry guarantees justice to all parties involved in license
Google launches new online video advice service
Those benefitting from these advice sessions, called Helpouts, will pay the experts providing them either by the minute or by the session, depending on the latter’s preference, and using Google Wallet.
HTC discloses first-ever quarterly loss
The Smartphone Company forecasts a decline in Q4 revenue
Indian mission to Mars blasts off successfully
After 44 minutes, applause broke out in the tense control room as navigation ships in the South Pacific reported that the spacecraft had successfully entered orbit around Earth.
BlackBerry, Facebook ‘met over potential bid’
The leading social network has made a priority of following its more than one billion members onto smartphones and tablets
BBM welcomes over 20 million new active users in first week
BBM Community grows to more than 80 million active users across BlackBerry, Android and iPhone devices globally