Shaimaa Raafat

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Latest by Shaimaa Raafat


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 …

Shaimaa Raafat

Khaled Bichara, CEO, Accelero Capital

Accelero Capital acquires ownership of its largest shareholder OTMTI 

Accelero Capital, the investment and management group, has announced on Tuesday that it has acquired ownership interest of its largest shareholder, Orascom TMT Investments (OTMTI), in a management buyout. According to the press statement, the transaction will include the discontinuation of the management of certain assets for which Accelero Capital currently provides management, consultancy, and …

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EGP 1.9bn in Verna sales in 2015

The Hyundai Verna topped the list of best-selling Korean cars, achieving sales of EGP 1.9bn throughout 2015, selling 21,000 units. The Verna is considered the cheapest Korean car in Egypt. Meanwhile Hyundai’s Elantra increased to second place, overtaking the Hyundai ix35. The Elantra achieved sales estimated at approximately EGP 1.1bn for 6,801 cars sold, while …

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James M. Dorsey

Future of ‘Islamic State’: Not merely religion

By James M Dorsey and Mushahid Ali As the threat from “Islamic State” (also known as IS or ISIS or by its Arabic acronym of Daesh) continues to grow, US-led coalition forces have intensified their aerial attacks on IS militants and strategic installations in Syria and Iraq, in a concerted effort to destroy and degrade the …

Shaimaa Raafat