Technology – Daily News Egypt http://www.dailynewsegypt.com Egypt’s Only Daily Independent Newspaper In English Sat, 25 Mar 2017 10:39:08 +0000 en-US hourly 1 Military Production Ministry to cooperate with Samsung to manufacture solar panels http://www.dailynewsegypt.com/2017/03/23/619602/ http://www.dailynewsegypt.com/2017/03/23/619602/#respond Thu, 23 Mar 2017 12:57:59 +0000 http://www.dailynewsegypt.com/?p=619602 The agreement aims to establish a solar panel factory at Benha with an annual capacity of 200MW

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Magdy Mohamadein, chairperson of Benha Electronics, which is affiliated to the Ministry of Military Production, signed a cooperation protocol with S-Energy Company, a spin-off from Samsung Electronics, which is one of the most experienced solar panel makers. The agreement aims to establish a solar panel factory at Benha with an annual capacity of 200MW.

According to Mohamadein, this agreement aims to transfer the South Korean company’s experience in the manufacture of solar panels to Benha, so as to enhance the company’s manufacturing capabilities and benefit from S-Energy’s technological expertise in this field.

He added that the agreement aims to optimize the available solar energy in Egypt throughout the year to generate electricity for various uses in houses, industry, and commerce.

He pointed out that this field will help Egypt to export its electricity production to neighboring Arab and African countries.

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Aman familiarises citizens with e-payment services http://www.dailynewsegypt.com/2017/03/22/aman-familiarises-citizens-e-payment-services/ http://www.dailynewsegypt.com/2017/03/22/aman-familiarises-citizens-e-payment-services/#respond Wed, 22 Mar 2017 08:00:19 +0000 http://www.dailynewsegypt.com/?p=619397 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. …

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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.

Aman has developed an innovative style for direct communication with the public. The objective is to achieve quick and more positive results, which have been felt by the organisers of the ceremony.

The festival included a variety of shows, games, competitions, and grand prizes that attracted thousands of citizens in the Shubra Al Kheima district.

Aman aims to establish a cashless society, which saves time and effort and achieves financial inclusion to sections of society that are unable to obtain financial or banking services.

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Emerging companies in FinTech field to reach 250 in 2020: PAYFORT  http://www.dailynewsegypt.com/2017/03/22/619389/ http://www.dailynewsegypt.com/2017/03/22/619389/#respond Wed, 22 Mar 2017 07:30:26 +0000 http://www.dailynewsegypt.com/?p=619389 Size of global investments in financial services technology companies is $16.1bn

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PAYFORT and Wamda companies issued a report about the directions of the financial technology industry (FinTech) in the Middle East and North Africa regions, and the report is considered to be the first of its kind in this field.

PAYFORT is a company for providing e-payment services in the Arab world, while Wamda represents is a platform in the field of entrepreneurship support in the region.

This report was announced during a press conference held at the Wamda offices, followed by a discussion regarding the most notable issues that require support from the concerned authorities and all parties in this sector.

In terms of the directions of the FinTech in PAYFORT and Wamda, the report explained that the number of emerging companies in the FinTech field in the Middle East and North Africa region increased to 105 in 2015, compared to 46 in 2013. The number is expected to reach 250 emerging companies in the FinTech field by 2020.

According to Fadi Ghandour, executive chairperson of Wamda, the banking and traditional financial services sector is seeing fierce competition between the emerging companies in the FinTech field, which are using the creative digital tools in providing easy usage solutions at lower costs.

Omar Soudoi, managing director at PAYFORT, said that the report showed that the FinTech sector will continue to grow fast in the region. The statistics also indicate that the available financing for the small and medium-sized enterprises (SMEs) represents half the global average only.

E-commerce is expected to see great growth, which will reach four times its current size during the next five years. The research also showed the readiness of 50% of banks’ customers to deal with the new digital services, while 86% of citizens have no bank accounts.

According to the report, emerging companies working in the field of financial technology have spread in 12 countries in the Middle East. Statistics show that three out of four emerging companies choose Egypt, Jordan, Lebanon, or the United Arab Emirates (UAE) as their base country. UAE is the headquarters of 50% of these emerging companies. Workers at them total 1,600.

With the current challenges facing global and regional economies, as well as the obstacles that limit the work of financial sectors in the region, and the limited financing opportunities, emerging companies in the field of financial technology managed to obtain financing worth $100m over the past decade. Nevertheless, financial flows and deals with investors are expected to increase. The report expects the volume of investments in emerging companies in the field of technology to reach EGP 50m in 2017.

According to the report, the volume of global investments in financial technology companies was estimated at $16.1bn in 2016, compared to $22.3bn in 2015.

The report noted that lending and collecting capital is considered a promising sector in financial technology.  The number of emerging companies in the sector is eight, with a total value exceeding $1bn. The value of the sector of electronic payments has exceeded $1bn, with a total number of five companies, followed by the sector of insurance with two companies, and the sectors of wealth management and money transfer.

It is expected that electronic commerce in the region will witness strong growth, becoming four times its current strength over the next five years, expected to reach $29bn by 2020. The companies of financial technology play a major role in achieving this growth. The industry of financial technology witnessed a major increase in the volume of investments in 2015 and 2016, where the flow of deals recorded a 43% increase, whereas the volume of deals increased by 100%.

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Taxify to expand to coastal cities, offer new fare for summer trips http://www.dailynewsegypt.com/2017/03/22/619380/ http://www.dailynewsegypt.com/2017/03/22/619380/#respond Wed, 22 Mar 2017 07:00:06 +0000 http://www.dailynewsegypt.com/?p=619380 Fare begins at EGP 5, EGP 1.4 per km, says Sabry

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The success of companies such as Uber and Careem in Egypt incited more players to join the arena and begin offering smart transportation services, especially as the population now exceeds 90 million people.

Recently this month, the Estonian company Taxify launched its services in Cairo, unlocking a new challenge in the Middle East and North Africa for the first time. According to Taxify’s Egypt manager, Mostafa Sabry, the company plans to expand to Egypt’s coastal cities.

The competition is hard in Egypt. Do you think you are capable?

We are a company specialised in the field of private transport. We began our operations in Europe in 2013 and have since expanded to 18 countries, covering 23 cities. We launched our unit in Egypt in March. We know that competition is strong in Egypt, but we are able to compete.

The Egyptian market is big. It is also one of the most consuming markets in the world. Moreover, there are many competitors already. But this has only encouraged us more to enter the market and set Egypt as our main office in the Arab region.

Taxify came to the market at the best time. The Egyptians need more companies in the field of private transport, especially in the coming period.

The competition will be fierce, especially as other players have been here for longer. But we will provide our services in the best quality. Clients have complained to other companies about the low quality of services. Furthermore, we will also provide a more affordable service.

We have successful experiences with competition in many of the countries. We ousted a major player from the Hungarian market, and this same player is offering its services in Egypt. We are always ranked in the top three service providers in the European and African markets where we provide our services.

Taxify’s Egypt manager, Mostafa Sabry
Taxify’s Egypt manager, Mostafa Sabry

Other competitors ran into some legal problems. Did you account for that?

Taxify is legally operating in Egypt. We are an Egyptian joint stock company licensed to provide transportation services for individuals.

What are your plans for the Egyptian market?

Taxify aims to attract millions of local clients. This is why we are offering discounts on all trips for all clients—up to 40% in the first phase to support the expansion and attract more clients. We are also providing the best wages for drivers, as they can get about 20% more than their income from working with other companies.

We are planning to expand our services in Delta and coastal cities during the coming period, as we have plans to help people who do not possess cars and want to work at the company, through a plan that will be announced in the second half of this year.

The company is targeting to launch a new service related to trips and travel in summer, and a new fare will be specified for it.

What are the legal mechanisms that the companies follow to deal with the drivers?

Taxify cooperates with the drivers through agents. The company is working with 40 agents during the first stage, and the number of agents is to increase to 50 by the end of this year at the level of Cairo.

The company is planning to provide prizes to agents in order to motivate them to work.

What about the prices of the services provided by the company?

We set a suitable fare for our customers; the opening price of the counter will be EGP 5, 140 piastres per kilometre, 35 piastres per minute, and EGP 10 as a minimum price per trip.

Taxify obtains 15% from drivers, compared to other companies that obtain more of a commission from drivers. The company determines that the driver allocates EGP 75 per month to the agent, who can provide additional services such as maintenance and other services the driver may need.

What are the company’s general criteria for choosing drivers?

Taxify follows a certain criteria in the selection of its drivers, including the criminal record of the driver, a photo copy of the driver’s ID card, and a driving license. The company exempts the driver from examining his car and obliges its agents to choose adequate cars.

The company offers bonuses to its excellent drivers and develops appropriate and feasible fees. The mobile application allows the driver to see his colleagues, so as to avoid crowded places, which will help him to increase his work.

What are the company’s conditions in choosing cars?

We accept white colour cars, except Verna and Hyundai models, as well as hatchback cars. We accept all Chinese models starting from 2013 to present, while we accept other car models starting from 2010 to present, in order to preserve the quality of our service.

In regards to white taxis, we do not aim to deal with them now, because the white taxi drivers still lack the culture of requesting taxi via smartphone. Women make up about 5% of the total number of Taxify’s drivers.

How do you see 2017?

We hope to see new legislation and laws that organise the private transport field in the local market, to avoid a monopoly by any of the companies, especially as private transport has become a main factor in the economic growth of other countries.

We aim to launch about one million trips every month this year at the level of markets we are present in, whether in Africa or Europe. During this phase we will focus on expanding, with great reliance on advertising campaigns through social media and Google advertisements, as outdoor ads only reach 20% of the target audience.

Currently, Taxify is on android mobiles as well as iPhones.

What is the volume of investments injected by your company?

The mother company in Estonia injects all investments into the company’s branch in Egypt. Currently, we do not aim to attract foreign investments, especially considering that a number of large companies are among the most prominent investors in the mother company, such as Skype, Google, and Mercedes. Globally, they are some of the shareholders in Taxify.

What are some of the available payment methods?

There are several payment methods. They include Visa cards and cash payments. We have also launched a service for major institutions to have monthly subscriptions.

What are the main challenges you face in the Egyptian market?

The lack of legislations and rules regulating the private transportation field is one of the main challenges. The company also faces another challenge, and that is the nature of work in the Egyptian market. The law obliges companies to cooperate with agents, unlike the case in the European market where companies deal directly with drivers. Moreover, the culture of using a car through a mobile phone is not pervasive.

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Construction of mobile phones factory in Assiut Technology Park starts http://www.dailynewsegypt.com/2017/03/15/618455/ http://www.dailynewsegypt.com/2017/03/15/618455/#respond Wed, 15 Mar 2017 06:30:28 +0000 http://www.dailynewsegypt.com/?p=618455 The production of the first Egyptian cell phone expected next September, says Hosni

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The CEO of the Information Technology Industry Development Agency (ITIDA), Asmaa Hosni, said that the construction works of the mobile phones factory in Assiut Technological Park have already started and are due to be completed within the next few weeks. Hosni told Daily News Egypt that the first mobile phones will be produced by the Assiut factory next September. The locally-manufactured components will represent 20% of the new mobile phones and it will be increased gradually.

Silicon Waha, in charge of establishing and developing technology zones, has signed agreements with China’s electronics companies ZTE, Transsion, and Sico Electronics—which manufactures the Tecno and Itel mobile phones—during the 20th edition of the Cairo International Conference (CIC) on Information and Communication Technology (ICT) 2016.

Sico has allocated a $20m investment in partnership with the Chinese company Megan to establish a new factory with a production capacity of up to six million devices in the first year through two production lines and a packaging line. The production capacity of the factory will be increased to 12m devices in 2018.

The Ministry of Communications and Information Technology has formed a commission dubbed “Electronics Industry” at the end of the last year, headed by Hossam Osman, with the participation of a number of electronics experts, academics, and civil society organisations to implement the presidential initiative to draw the electronics industry to Egypt.

The short-term plan of the industry committee depends on five key industries, including mobile phones, GPS, and LED bulbs—of which almost 80% are electronic components—screens industry, and solar industry supplies, such as solar panels, power transformers, control devices, and smart electricity metres.

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ACT aims to increase its business volume to EGP 1.2bn this year http://www.dailynewsegypt.com/2017/03/15/618452/ http://www.dailynewsegypt.com/2017/03/15/618452/#respond Wed, 15 Mar 2017 06:00:15 +0000 http://www.dailynewsegypt.com/?p=618452 The company increases its capital by EGP 50m to cover its future expansions

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The Advanced Computer Technology (ACT) Company aims to increase the volume of its business this year by 100%, bringing it to EGP 1.2bn compared to EGP 600m in 2016. The company seeks to form coalitions with four companies in the sector of Egyptian information technology in order to offer technological solutions in the New Administrative Capital. The company aims to announce the coalition during the second half of this year.

Hazem Mansy, head of the marketing department at ACT, said that the company has expansion plans in 2017 both internally and externally. “For the internal local market, we will continue to offer new innovative services in specific sectors that have high growth potential, such as the petroleum, finance, communications, tourism, and government services sectors.”

According to Mansy, the company aims to have a role in the national projects implemented by the Egyptian government, including the New Administrative Capital. “We have established a new unit to develop software within the company. We aim to separate it into a company next year. The reason for that is the market’s need for developed applications,” he said.

The company is currently working to cooperate with a number of foreign companies specialised in solutions for smart cities to benefit from their expertise as a prelude for offering solutions to smart communities in the Egyptian market.

ACT is seeking to play a role in offering developed technological solutions in the New Administrative Capital. “We have already signed a cooperation deal with two companies. One of them is German and the other is Spanish. They are both specialised in offering solutions for smart cities,” Mansy noted.

On the other hand, Mansy revealed that the company is negotiating with four local companies to create a coalition to take part in the implementation of some projects in the New Administrative Capital. It is expected to announce the coalition during the second half of this year.

Mansy revealed that these steps are part of the company’s plans to establish a holding company by 2020, for which several companies work. With the implementation of this plan, the company will separate several units to create a separate company, with other units working under its umbrella, such as the software and application development unit.

“We will also work to implement a new company this year, and we have already completed the implementation of another company over the past months. It is one specialised in offering integrated technological solutions in foreign markets, such as Holland, Spain, and France, in addition to Gulf markets. The company also offers its services to some customers in Nigeria and Cameroon. We are currently preparing to open a branch for it in the Emirates.”

The holding company currently includes under its umbrella ACT Integration Systems, Advance Global Service, and ACT Pride. “To implement this plan, we have increased our capital by 50%, an equivalent of EGP 50m. We are planning to establish four new companies in 2018 and 2019. We are also considering the acquisition of some companies over the upcoming period as part of our implementation of plans to turn into a holding company that offers integrated solutions. We are currently looking into the acquisition of two companies in the field of cloud computing, big data solutions, and IoT,” Mansy added.

Regarding the projects implemented by the company, Mansy said that a number of projects in the field of administrative development are being implemented for the benefit of the Ministry of Communications, in addition to another project for the benefit of Vodafone Egypt. There are other projects implemented in the petroleum sector for the benefit of Sidi Kerir Petrochemicals Company (SIDPEC) and Ethydco Petrochemicals.

According to Mansy, the company is targeting to achieve a business volume of EGP 1.2bn this year with a 100% increase compared to last year, when sales of EGP 600m where achieved. The company’s business in 2015 reached EGP 400m.

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Sony’s Xperia XZ Premium named “Best New Smartphone” http://www.dailynewsegypt.com/2017/03/09/xperia-xz-premium-officially-named-best-new-smartphone-mwc-2017/ http://www.dailynewsegypt.com/2017/03/09/xperia-xz-premium-officially-named-best-new-smartphone-mwc-2017/#respond Thu, 09 Mar 2017 15:42:12 +0000 http://www.dailynewsegypt.com/?p=617887 The Glomo Award is the latest of 30 awards it received

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GSMA announced that Sony’s Xperia XZ Premium is the “Best New Smartphone or Connected Mobile Device at MWC 2017” at GSMA’s annual Global Mobile (Glomo) Awards.

The Glomo Award is the latest of 30 awards it received while attending the Mobile World Congress 2017 for Sony Mobile’s innovation flagship. It also received UK Blog Awards’ “Best Innovation”, Tech Radar’s “Reader’s Choice” and “Best Smartphone”, and Wired’s “Coolest of MWC”.

“Xperia XZ Premium is our most technologically capable smartphone,” said Hiroki Totoki, president and CEO at Sony Mobile Communications. “We’re honoured by this recognition. Xperia XZ Premium has received endorsements from operator partners, media, consumers, and industry peers alike, which is a testament to our relentless pursuit of innovation to deliver great products and experiences for consumers,” he added.

“Our congratulations to all of the winners and nominees of the GSMA’s Glomo Awards at Mobile World Congress this week,” said Michael O’Hara, chief marketing officer at GSMA. “The Glomo Awards truly showcase those companies and individuals that are driving innovation in the rapidly evolving mobile industry. We thank all of our entrants, judges, sponsors, and partners for supporting the 2017 Glomo Awards,” he added.

Xperia XZ Premium rolls out globally from late Spring 2017 and is available in Luminous Chrome and Deepsea Black.

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Samsung Electronics releases new products at MENA Forum 2017 http://www.dailynewsegypt.com/2017/03/09/samsung-electronics-releases-new-products-mena-forum-2017/ http://www.dailynewsegypt.com/2017/03/09/samsung-electronics-releases-new-products-mena-forum-2017/#respond Thu, 09 Mar 2017 12:16:22 +0000 http://www.dailynewsegypt.com/?p=617871 Samsung presented breakthroughs in picture quality, design, smart features and premium audio

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Samsung Electronics released new products during its 7th annual MENA Forum in Singapore. The new releases offer increased choices and flexible options, “a design philosophy that is elegant and thoughtful, and technology that puts the customer in control.”

During the forum, Samsung unveiled its key products, including the stunning new QLED TV lineup, the FlexWash™ laundry system, Windless AC, and the all-new Galaxy A (2017). In addition to its product line up, Samsung showcased how it has been developing the Internet of Things (IoT) with an ecosystem of products and devices that can seamlessly connect to one another.

“Innovation has always been a part of Samsung’s legacy, enabling us to continuously offer consumers unlimited possibilities and new experiences. Over the years, we spoke about our vision of the Internet of Things, and we continue to defy the barriers to ensure our evolution in the IoT space,” said Seung-ho Yun, president of Samsung Electronics Egypt. “This year, we will continue our heritage of innovation to deliver elegantly-designed products and services that place consumers firmly at the center.”

Samsung presented breakthroughs in picture quality, design, smart features and premium audio at the MENA Forum. Samsung showcased unprecedented picture quality as it unveiled the all-new QLED TV with improved quantum dot technology, which delivers 100% color volume and HDR optimal brightness of 1,500-2,000 nits.

During the MENA Forum, Samsung showcased an ecosystem of products aimed at enhancing the lives of consumers, and it introduced CUE—a digital content retail store and multimedia entertainment service—to the MENA region.

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Egypt ranks third in Africa in Facebook’s internet universality report http://www.dailynewsegypt.com/2017/03/08/egypt-ranks-third-africa-facebooks-internet-universality-report/ http://www.dailynewsegypt.com/2017/03/08/egypt-ranks-third-africa-facebooks-internet-universality-report/#respond Wed, 08 Mar 2017 09:30:00 +0000 http://www.dailynewsegypt.com/?p=617631 The report included 75 countries amongst which Egypt came 37th

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Communication through internet provides economic opportunities and allows free exchange of data and information. It also provides tools to overcome a number of international challenges, including provision of education and health services, providing clean water sources, and increasing the efficiency in energy usage, as well as increasing the government’s efficiency and its responsiveness to its citizens’ needs.

The internet universality report included Oman, Saudi Arabia, Morocco, and Egypt from the Middle East and North Africa. Oman ranked the highest amongst the countries of the Middle East and North Africa, ranking 24th amongst the 75 countries chosen for the report.

The infrastructure in Oman, which ranked 17th amongst 75, was as a major force. This is partly due to the high growth rate achieved by the country in terms of 4G technology coverage.

Egypt is considered one of the countries that achieved advanced levels amongst African countries that were chosen in the report, where only South Africa and Morocco ranked higher than it. Egypt ranked 37th amongst 75 countries, and it came third in terms of the readiness of the area and the content convenience—due to the high levels Egypt achieved in the field of policies and local content.

Saudi Arabia has ranked 28th out of the 75 countries. The element of availability has formed a point of strength as a result of the pervasiveness of high mobile penetration; however, the degree of cost endurance came low due to the market’s competitiveness.

As for Morocco, it came second after South Africa amongst African countries. It came close to topping the countries with the lowest segments of medium income. On a global level, it ranked 34th.

The element of the local content has formed a source of strength, where Morocco ranked 14th out of 75. The high rate of electricity availability and the infrastructure has contributed to ranking Morocco 28th.

The internet universality report has assessed the state of internet universality carefully with the participation of the economic intelligence unit and “internet.org”, with consultations carried out with a group of experts in order to discover diverse and interesting levels of internet usage. The report included a mix of high, medium, and low income countries, in addition to wide demographic and geographic representation. Eventually, the final choice focused on economies that were considered the most interesting in terms of internet connection.

The 75 economies featured in the report represent about 90% of the world population, and 90% of the global GDP.

The report included 46 indexes for 75 countries distributed throughout four categories: availability, ability to afford costs, convenience of content, and readiness.

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Single, secure mobile app for all digital transactions launches in MEA http://www.dailynewsegypt.com/2017/03/08/single-secure-mobile-app-digital-transactions-launches-mea/ http://www.dailynewsegypt.com/2017/03/08/single-secure-mobile-app-digital-transactions-launches-mea/#respond Wed, 08 Mar 2017 09:00:06 +0000 http://www.dailynewsegypt.com/?p=617626 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 …

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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 has 900,000 customers across the region.

Og Money is considered the next generation of digital financial services, going beyond digital payments to provide users with mobile wallet capabilities, banking, merchant and checkout facilities, virtual stores, and turnkey dealer solutions.

One Global founder and CEO Mohammed Al-Rashidi said that Og Money serves the banked, under-banked, and unbanked with a full suite of mobile and digital financial services. He added that it allows users to receive remittances, wages, and government subsidies, as well as make purchases at stores, provide funds for vouchers and gift cards, or pay utility bills and school fees.

He noted that the app acts as a seamless platform to connect consumers, banks, telecommunication operators, foreign exchange providers, and merchants, all via the convenience of a mobile phone, which acts to broaden access to financial services through digital platforms like Og Money, helping to boost trade, reduce poverty, empower women, and unlock society-wide economic benefits.

Almost 470 million people and small businesses in the Middle East and Africa transact exclusively in cash, and they have no secure method to save money. This lack of access to credit prevents individuals from engaging in economic activities that could transform their lives, something that is taken for granted in more established economies.

A September 2016 report by the McKinsey Global Institute quantifying the economic and social impact of digital finance in emerging economies found widespread adoption and use could increase the GDP of all emerging economies by 6%, or $3.7tn, by 2025.

Al-Rashidi said that Og Money opens up a world of opportunity for people without credit facilities, while also connecting businesses with vast, untapped customers in emerging markets. “That’s why we have engineered Og Money to be the most secure, reliable, user-friendly, and convenient one-stop-shop app for facilitating digital transactions and boosting the cashless economy,” he added.

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47% of cyber phishing attacks in 2016 are financial http://www.dailynewsegypt.com/2017/03/08/47-cyber-phishing-attacks-2016-financial/ http://www.dailynewsegypt.com/2017/03/08/47-cyber-phishing-attacks-2016-financial/#respond Wed, 08 Mar 2017 08:30:57 +0000 http://www.dailynewsegypt.com/?p=617579 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 …

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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 13.14% in 2016. “This is the highest share of financial phishing registered to date by Kaspersky Lab,” the company added.

In 2016, Kaspersky Lab’s anti-phishing technologies detected almost 155m user attempts to visit different kinds of phishing pages, Kaspersky said in a statement. Of those attempts, almost half of heuristic detections were attempts to visit a financial phishing page, where the aim was, for example, to obtain valuable personal information from users, such as their bank account numbers, credit accounts, social security numbers, and login and passwords they use to access online banking.

The report found that banking phishing schemes are the “absolute leaders” among all types of financial phishing. Every fourth (25.76%) attack used fake online banking information, or other content related to banks—a figure that is 8.31% higher than in 2015. The share of phishing related to payment systems and e-shops accounted for 11.55% and 10.14% respectively, an increase of 3.75% and 1.09% compared to 2015. The share of financial phishing detected on Mac operating systems was 31.38%, the report added.

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Decline in ADSL internet, fixed line users in December 2016 http://www.dailynewsegypt.com/2017/03/08/decline-adsl-internet-fixed-line-users-december-2016/ http://www.dailynewsegypt.com/2017/03/08/decline-adsl-internet-fixed-line-users-december-2016/#respond Wed, 08 Mar 2017 08:00:20 +0000 http://www.dailynewsegypt.com/?p=617623 The number of ADSL users has declined to 4.43 million

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A report issued by the Ministry of Communications and Information Technology has showed a 5.2% decline in the number of users of landlines offered by Telecom Egypt (TE) in December 2016 compared to November. According to the report, the number of users declined from 6.4m in November to 6.1m in December, meaning that TE lost around 336,000 users.

According to the report, the number of ADSL internet users declined in December by 3.5% compared to November, during which Egypt’s internet market lost 161,600 users, marking a decline of 4.6% in November, finally reaching 4.43 million in December 2016.

The number of mobile users increased in December 2016 by 0.4% compared to November 2016, according to a report issued in June by the Ministry of Communications and Information Technology (MCIT). The report indicated that the number of mobile users increased from 97.3m in November to 97.7m in December, up by 394,700 clients.

According to the report, Vodafone and Orange signed up new clients in December, contrary to Etisalat, which lost a number of its clients.

In December, Vodafone took the lion’s share of new clients, where the number of its mobile service subscribers increased to 40.2m, up from 39.8m in November, adding 408,000 in that month.

Orange managed to gain 107,100 new clients, boosting the number of its subscribers from 33.7m in November to 33.8 million in December.

On the other hand, Etisalat lost some 120,800 clients in December, bringing its client base down from 23.7m users in November to 23.6m in December.

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ESCC completes signature encryption for financing checks of agencies at CBE http://www.dailynewsegypt.com/2017/03/08/escc-completes-signature-encryption-financing-checks-agencies-cbe/ http://www.dailynewsegypt.com/2017/03/08/escc-completes-signature-encryption-financing-checks-agencies-cbe/#respond Wed, 08 Mar 2017 07:30:57 +0000 http://www.dailynewsegypt.com/?p=617620 The centre implemented the e-signature project at NTRA and Damietta Port Authorities

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The Egyptian e-Signature Competence Center (ESCC) of the Information Technology Industry Development Agency (ITIDA) completed the e-signature encryption for financing cheques of government agencies at the Central Bank of Egypt (CBE).

Through the centre, ITIDA has encrypted the certified data and e-signatures from government agencies to the CBE and government banks linked to that system in order to protect the security of these checks and the data related to them.

The project comes within the framework of ITIDA’s role in spreading the culture of e-signature in Egypt to ease and secure commercial and administrative transactions for individuals, companies, and government agencies.

The project included ESCC preparing the infrastructure for this system within the CBE, government agencies, and public banks linked to the system. This infrastructure is a group of computer servers and encryption-software produced in ESCC, next to service and technical support.

ITIDA CEO Asmaa Hosni stressed the importance of shifting into the digital economy and the need to begin strengthening cooperation to provide government services electronically, which requires the activation of e-signatures to ensure the protection and confidentiality of personal information.

Hosni also urged the need for cooperation of all stakeholders to activate the existing projects and move to securing and encrypting commercial e-transactions considering the impact on the economy, noting that ITIDA aims to achieve a breakthrough in electronic signature services.

ESCC has recently implemented a number of e-signature projects and securing e-mails for a number of government agencies, including the National Telecommunications Regulatory Authority (NTRA) and Damietta Ports Authority. The centre has also approved the e-signature software at the Ahli United Bank and the Suez Canal Insurance Company.

The centre is also set to implement a number of projects in encryption and e-signature, as well as securing emails for judiciary bodies and the commercial agreement sector of the Ministry of Trade and Industry, along with the Industrial Development Authority and the Ministry of Health.

Established in 2011, the ESCC works on managing and regulating e-signature standards and issues the licenses for electronic transactions activity.

ESCC is the only centre of its kind in the Middle East and North Africa to provide e-signature infrastructure services and their applications on different operating systems to achieve integration between the software and the Public Key Infrastructure.

E-signature practices in Egypt are governed and regulated by Law No. 15 of 2004 and its bylaw No. 109 of 2005, including civil, commercial, and administrative transactions that can be completed electronically. This aims to increase the efficiency of e-commerce and upgrade the performance of government services.

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The 10 cheapest smart phones in Egypt during 2017 http://www.dailynewsegypt.com/2017/03/08/617617/ http://www.dailynewsegypt.com/2017/03/08/617617/#respond Wed, 08 Mar 2017 07:00:53 +0000 http://www.dailynewsegypt.com/?p=617617 The cheapest phones sport an average processor of 1.2 GHz, 512 MB RAM, and between 4 GB and 8 GB internal memory

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Despite the price hikes of mobile phones during the past period, particularly after the flotation of the pound, companies have begun this month to reduce the prices of their products. Daily News Egypt prepared a list of the 10 cheapest smart phones that consumers can buy in 2017.

Tecno Y2 tops the list, with a price of EGP 825—the phone’s features include a 4-inch screen, a 1.2-GHz processor, 512-MB RAM, and an 8-GB internal memory. Lenovo A1000 occupied the second place, with a price of EGP 929—the phone has a 4-inch screen, a 1.3-GHz processor, 512-MB RAM, and a 4-GB internal memory.

Huawei Y3C occupied the third position, with a price of EGP 955: it sports a 4-inch screen, a processor speed of 1.2 GHz, 512-MB RAM, and a 4-GB internal memory. Meanwhile, the Lumia 540 took the fourth place, with a price of EGP 999. The device runs the Windows Phone operating system and has a 5-inch screen, a quad-core processor with a speed of 1.2 GHz, 1-GB RAM, and an 8-GB internal memory.

HTC U Ultra Sapphire Edition claimed the fifth spot, with a price of EGP 1,000, offering a 5.7-inch screen, a processor speed of 1.6 GHz, 4-GB RAM, and a 64-GB internal memory. Samsung G1 came in sixth, with  a price of EGP 1,099, featuring a 4-inch screen, a processor speed of 1.2 GHz, 1-GB RAM, and an 8-GB internal memory.

Asus Zenphone Go occupied the seventh position, with a price of EGP 1,200—sporting a 5-inch screen, 2-GB RAM, and a 16-GB internal memory—followed by Tecno W3 in eighth place, with a price of EGP 1,300; Lenovo A Plus in ninth place, with a price of EGP1,330; and HTC Desire 526G in the tenth position, available at a price of EGP 1,450.

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Volatility of FX rate hiked mobile phone prices over one year http://www.dailynewsegypt.com/2017/03/08/volatility-fx-rate-hiked-mobile-phone-prices-one-year/ http://www.dailynewsegypt.com/2017/03/08/volatility-fx-rate-hiked-mobile-phone-prices-one-year/#respond Wed, 08 Mar 2017 06:30:23 +0000 http://www.dailynewsegypt.com/?p=617614 Companies resorted to the black market to secure their pre-flotation US Dollar rate

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The volatility of the foreign exchange rate for the pound to the dollar in November until this week had an impact on the prices of electronics, especially mobile phones and tablets. Prior to flotation, the US dollar price at banks was unchanged at EGP 8.88, but with a severe shortage in quantity, companies were forced to secure hard cash through the black market, according to business officials who spoke on the condition of anonymity. The price of the greenback on the black market approached EGP 20, which had a direct effect on prices.

Manufacturers of mobile phones had to amend their pricing policies and change the prices on a weekly basis, due to the volatility. Following the flotation, the price of the greenback jumped to EGP 14.2 to sell; before the end of November, it settled at EGP 8.1 to sell.

In December, the price continued climbing to reach EGP 19.5 to the pound, before falling at the end the month to EGP 18.3 to sell, according to the Central Bank of Egypt (CBE).

The CBE statistics show that the US dollar hiked back up in January, reaching EGP 18.9 to sell in the last week. In the following month, the price went down to EGP 17.9 to sell, settling at its lowest post-float price at EGP 15.8 by the end of February. This did not last long, as the price now is taking a trip upwards, at an average of EGP 16.4.

 

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Phone prices increase, despite reduction in March http://www.dailynewsegypt.com/2017/03/08/phone-prices-increase-despite-reduction-march/ http://www.dailynewsegypt.com/2017/03/08/phone-prices-increase-despite-reduction-march/#respond Wed, 08 Mar 2017 06:00:25 +0000 http://www.dailynewsegypt.com/?p=617612 The price increases of some phones exceeded 50% compared to last year

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Mobile-phone manufacturing companies have started to increase the prices of their products, including basic phones, smart phones, and tablets, since the beginning of last year. The companies were affected by the shortage of the dollar in the formal market, before the Central Bank of Egypt (CBE) decided to liberate the exchange rate, increasing the dollar price in the informal market.

Most phone prices this year have increased by more than 15% compared to the previous year, while others increased by 50%. A number of companies sought to limit the price hikes of their products, and their March prices decreased by up to 11% compared to January and February. Prices, however, are still high.

Samsung increased the price of its Galaxy S7 Edge LTE 32GB in January from EGP 9,450 to EGP 11,700, with an increase of about 23%. According to March’s pricelist, the South Korean company reduced the price of its phone to EGP 11,100—a 17%-increase over its 2016 price.

The price of the Piton increased from EGP 495 in December 2016 to EGP 540 in January 2017, an increase of 9%. This Samsung basic phone recorded an increase of 68% since the flotation of the pound, registering at EGP 320 in October 2016.

The price of the J1 mini increased from EGP 960 to EGP 1,140 in January 2017, an increase of 18.75%. According to March’s pricelist, the J1 mini recorded EGP 1,100: an increase of 14% compared to last year.

The price of the J5 reached EGP 3,280 in March, an increase of 59.2% compared to last year. The J5 price had increased in January by 69.8%, from EGP 2,060 to EGP EGP 3,499.

The price of the Samsung Galaxy J7 LTE increased from EGP 2,660 to EGP 4,999 in January, an increase of 69%, before the company reduced its price to EGP 3,900 in March, recording an increase of 46.6% compared to last year.

Huawei Mobile Devices increased the price of its mobile phones and tablets on 18 February by 8.6%, according to the pricelist of which Daily News Egypt obtained a copy. The Mate 9 phone’s price increased from EGP 10,010 to EGP 10,879, whereas the price of the Mate 8 increased from EGP 8,950 to EGP 9,725.

In February, the price of the G8 increased from EGP 4,770 to EGP 5,179, the Y6 Pro-3G from EGP 2,530 to EGP 2,749, and the Y3C from EGP 935 to EGP 985. The price of the Media Pad-4G tablet increased from EGP 3,533 to EGP 3,839, while the Media Pad-3G increased from EGP 1,931 to EGP 2,099.

Infinix also reduced the prices of its mobile products this month, where the Hot 5’s price was reduced from EGP 2,640 to EGP 2,455, up from EGP 2,225 pre-flotation. The Hot S Pro declined from EGP 2,850 to EGP 2,640, after it registered EGP 2,390 before the flotation.

According to the price list of Infinix, the price of the Note 3 reduced from EGP 2,999 to reach EGP 2,775, having recorded a price of EGP 2,515 before the flotation. The Note 3 Pro also reduced from EGP 3,230 to EGP 3,000, after it registered an EGP 2,720 price in 2016.

According to the new pricelist, the Hot 4 reduced from EGP 1,760 to EGP 1,635, while it recorded EGP 1,418 in 2016. The Hot 4 Pro also reduced from EGP 2,090 to EGP 1,940, after its pre-flotation price was EGP 1,687. The Zero 4 declined as well from EGP 3,999 to EGP 3,730, after it reached EGP 3,385 in 2016. The Zero 4 Plus reduced from EGP 5,599 to EGP 5,190. It had registered a price of EGP 4,710 before the flotation.

Egypt has been suffering from a serious shortage of US-dollar liquidity since 2015. This has pushed the CBE, in cooperation with the government, to initiate many procedures, such as adding import and customs regulations, cancelling the maximum limit of US dollar deposits, and increasing the dollar value in the formal exchange market in March by 14%. After the flotation of the pound, the dollar exchange rate in the banks in the informal market reached about EGP 20.

The sales of the mobile market declined locally during the first quarter of 2016 by 7% compared to the same period of 2015, according to a report issued by market research company GfK, whereas the market sales of January, February, and March were 4m, compared to 4.3m during the same period in 2015. The market is expected to witness a decline in growth this year, according to GfK.

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Twitter reveals increase of users’ activities in Ramadan http://www.dailynewsegypt.com/2017/03/01/twitter-reveals-increase-users-activities-ramadan/ http://www.dailynewsegypt.com/2017/03/01/twitter-reveals-increase-users-activities-ramadan/#respond Wed, 01 Mar 2017 12:36:22 +0000 http://www.dailynewsegypt.com/?p=616831 Egypt comes in third place after Saudi Arabia and the United Arab Emirates in engaging with published Ramadan-related content

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As the long awaited holy month hits, people’s passion for food, companionship, and TV shows increases. It is reflected on their daily life activities that include family gatherings and food outings.

Twitter has revealed the affect Ramadan and Eid have on people’s communication, and how people transfer their excitement and celebrations of the holy month to the virtual world. People’s interactivity increase with an average of 26.3% throughout the month of generosity, this was verified last year, when over 10.7bn users shared their thoughts regarding the month with the trending hashtag of #Ramadan.

In 2016’s Ramadan, Egypt came in third place regarding increased Twitter activities with 24% after Saudi Arabia and the United Arab Emirates (UAE). The main activities that witnessed an increase in engagement on Twitter included tweets ‎published, videos viewed, and content searched for.‎

After studying the people’s interests and their most active “tweeting-time” throughout the day, it was shown that the majority of Arabs are most active starting from Iftar until after sunrise. The topics of their tweets were mainly related to food, religion, health care, and TV shows.

The conversations also increased during the holy month until after Eid on a daily basis. In 2016, the overall conversations ‎on Twitter relevant to Ramadan have increased by 88% ‎compared to the previous year.

The study also concluded that with discussing only food, TV shows, and some talks about religion, MENA users are responsible for writing more than 50% of the world’s Ramadan content‎ on Twitter.

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Nokia unveils three new Android smartphones at Mobile World Congress http://www.dailynewsegypt.com/2017/03/01/616720/ http://www.dailynewsegypt.com/2017/03/01/616720/#respond Wed, 01 Mar 2017 09:00:54 +0000 http://www.dailynewsegypt.com/?p=616720 Company re-launches the 3310 equipped with a 22-hour talking-time battery

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HMD Global, the home of Nokia phones, unveiled a new generation of Nokia smartphones. The highly anticipated global portfolio features three new smartphones—the new Nokia 6, the Nokia 5, and the Nokia 3. The new range of Nokia smartphones all run Android™ Nougat and offer a pure, secure, and up to date experience, and they will all feature Google Assistant. During the Mobile World Congress, Nokia also announced the return of a modern classic—the iconic Nokia 3310, reborn with a modern twist on design and equipped with a battery that allows for 22 hours of talking time.

Arto Nummela, CEO of HMD Global, said that Nokia has been one of the most iconic and recognisable phone brands globally for decades, noting that in the short time since HMD was launched into the market, the positive reception they have had has been overwhelming.

The family of products announced during the Mobile World Congress will be introduced to domestic markets in the second quarter of 2017.

Headquartered in Espoo, Finland, HMD Global Oy is the new home of Nokia phones. HMD designs and markets a range of smartphones and feature phones targeted at a range of consumers and price points. With a commitment to innovation and quality, HMD Global Oy is the exclusive licensee of the Nokia brand for phones & tablets. Nokia is a registered trademark of Nokia Corporation.

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Samsung reduces prices of mobile phones by 5.6% http://www.dailynewsegypt.com/2017/03/01/616717/ http://www.dailynewsegypt.com/2017/03/01/616717/#respond Wed, 01 Mar 2017 08:30:21 +0000 http://www.dailynewsegypt.com/?p=616717 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 …

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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 J1 declined from EGP 1,140 to EGP 1,100, a decline of 3.5%, while the price of the J1 LTE declined from EGP 1,525 to EGP 1,480. The price of the the J5 dropped from EGP 2,800 to EGP 2,660, a decline of 5%.

The price of the J7 dropped by 5.5% in the new March price list; its price declining from EGP 3,600 to EGP 3,400, while the price of the A5 declined from EGP 6,825 to EGP 6,550, a decline of 4%. The price of the A7 declined by 5.3%, down from EGP 8,000 to EGP 7,580.

According to the new price list, the price of the Note 5 SS declined by 5% from EGP 10,000 to EGP 9,500, while the price of the Note 5 DS declined by 5% to register at EGP 9,600 instead of EGP 10,100.

The price of the S7 Edge declined from EGP 11,700 to EGP 11,100, a decline of 5.1%, while the price of Tab S2 LTE declined from EGP 9,770 to EGP 9,300, a decline ratio of 4.8%.

Meanwhile, iPhone prices saw a decline in February by 3%. According to the new prices list of Apple devices, whether iPhone or iPad, the price of iPhone 7 Plus declined by 3%, dropping from EGP 19,999 to EGP 19,399. The price of iPhone 7 Plus-128GB dropped from EGP 22,699 to EGP 22,018, while iPhone 7 Plus-256GB dropped from EGP 25,299 to EGP 24,540.

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Infinix reduces the prices of its mobiles by 8% http://www.dailynewsegypt.com/2017/03/01/616682/ http://www.dailynewsegypt.com/2017/03/01/616682/#respond Wed, 01 Mar 2017 08:00:57 +0000 http://www.dailynewsegypt.com/?p=616682 The company agrees with agents to bear the price differences for traders

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Infinix, Hong Kong-based producer of mobile phones, has announced a reduction of the prices of its smartphones in March. According to the new price list, the company has reduced the price of its products by 7% to 8%.

Agents of Infinix have agreed with the company that it will bear the price reduction difference instead of traders, where traders will be compensated for the difference of the prices of devices they received in early February. However, the financial incentive programme will be cancelled in exchange for that. The agents of Infinix include KMG, Union Telecom, and Log In.

The dollar price has declined throughout the past weeks. The Ministry of Finance set the customs price of the dollar to EGP 16 for a month, based on the dollar decline rate.

According to Infinix’s price list, the price of the Hot 5 phone declined from EGP 2,640 to EGP 2,455, while the Hot S Pro declined from EGP 2,850 to EGP 2,640.

The Note 3 declined form EGP 2,999 to EGP 2,775, while the Note 3 Pro from EGP 3,230 to EGP 3,000.

According to the new price list, the Hot 4 declined from EGP 1,760 to EGP 1,635, the Hot 4 Pro from EGP 2,090 to EGP 1,940, the Zero 4 declined from EGP 3,999 to EGP 3,730, and the Zero 4 Plus declined from EGP 5,599 to EGP 5,190.

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Itel approves amendments in incentives system for traders  http://www.dailynewsegypt.com/2017/03/01/itel-approves-amendments-incentives-system-traders/ http://www.dailynewsegypt.com/2017/03/01/itel-approves-amendments-incentives-system-traders/#respond Wed, 01 Mar 2017 07:30:29 +0000 http://www.dailynewsegypt.com/?p=616714 5% of sale values go directly to traders whose sales exceed EGP 300,000

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Itel mobile, a mobile phone company, has approved a new incentives system for traders, which starts in March to encourage them to increase sales and therefore the company’s market share.

According to the new incentives system, which Daily News Egypt obtained a copy of, the company will provide 1% of the sales value to traders who achieve sales ranging between EGP 20,000 and EGP 40,000 monthly.

The percentage can increase to 2% if sales range between EGP 40,000 and EGP 80,000. If traders achieved sales ranging between EGP 80,000 and EGP 150,000 monthly, the incentive increases to 2.5% and goes up to 3.5% if sales reach the range of EGP 150,000 to EGP 300,000. Finally, if sales exceed EGP 300,000, the amount will go up to 5%.

On the other hand, the company increased the prices of its devices in February between 10% and 14%, where the price of the IT 2090 increased from EGP 175 to EGP 200. While the IT 1550 increased from EGP 1,340 to EGP 1,475.

Huawei meanwhile increased the prices of its phones and tablets on 18 February by 8.6%.

According to the new price list, the price of the Mate 9 increased from EGP 10,010 to EGP 10,879, while the Mate 8 High increased from EGP 8950 to EGP 9,725.

The sales of the local market have declined during the first quarter of last year by 7%, compared to the same period the year before, according to a report issued by GFK Research. Sales of the market during January, February, and March of 2016 reached four million devices compared to 4.3 million devices in the first quarter of 2015. The market is expected to witness a further decline in growth this year, according to GFK.

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Oppo sales increase 100% in 2016: managing director http://www.dailynewsegypt.com/2017/02/28/oppo-sales-increase-100-2016-managing-director/ http://www.dailynewsegypt.com/2017/02/28/oppo-sales-increase-100-2016-managing-director/#respond Tue, 28 Feb 2017 17:15:32 +0000 http://www.dailynewsegypt.com/?p=616750 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 …

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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 added in a press release that Oppo focuses on low-priced mobiles which represent the majority of Egyptians’ needs, explaining that his company also focuses on bigger sized batteries and the quality of the camera.

He stated that the company has strong suppliers that help the company increase its mobile sales.

Moreover, Oppo hardware director King Bai stated that the new 5X-zoom technology will be applied to the mobiles after testing it. He also added that the company invested a lot of money in new 5th generation internet technology.

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Slight growth in internet user numbers supported by new ADSL subscriptions  http://www.dailynewsegypt.com/2017/02/22/slight-growth-internet-user-numbers-supported-new-adsl-subscriptions/ http://www.dailynewsegypt.com/2017/02/22/slight-growth-internet-user-numbers-supported-new-adsl-subscriptions/#respond Wed, 22 Feb 2017 09:00:36 +0000 http://www.dailynewsegypt.com/?p=615936 Amount of mobile internet users declined by 1.6% in November

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 The number of fixed internet ADSL users increased slightly, by 90,000 new clients, in November, reaching 4.6m clients, up from 4.51m customers in October, according to a report issued by the Ministry of Communication and Information Technology.

Meanwhile, the total number of internet users in Egypt also slightly increased in the same month to reach 37m clients, up from 36.9m in October.

According to the report, the number of mobile internet users declined from 29.12m users in October to reach 28.65m in November, a decrease of 1.6%.

Currently, five internet companies compete in the market: Telecom Egypt’s subsidiary TE Data, Orange ADSL, Vodafone Data, Etisalat, and Noor ADSL.

The report stated that the number of USB internet users fell from 3.33m users in October to 3.3m users in November, a small decline of about 0.90%.

The mobile communication services sector had increased its client base by about 970,100 new subscribers in October, rising from around 96.2m subscribers in September to roughly 97.2m subscribers in October. Etisalat recorded the biggest gains with over 671,400 new subscribers in that month, registering around 23.67m subscribers in October, up from 23m in September.

 

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Google tops World’s Most Valuable Brand list  http://www.dailynewsegypt.com/2017/02/22/615924/ http://www.dailynewsegypt.com/2017/02/22/615924/#respond Wed, 22 Feb 2017 08:30:32 +0000 http://www.dailynewsegypt.com/?p=615924 Apple drops to second place compared to last year, says Brand Finance

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The US company Google topped the World’s Most Valuable Brand list in terms of communications and information technology companies for 2017, according to the Brand Finance classification.

The list states that Google’s monetary value increased to $109.4bn in 2017, compared to $88.17bn in 2016.

Apple dropped to the second place, falling from its 2016 number one spot. The company’s monetary value declined to $107.1bn in 2017, compared to $145.9bn in 2016.

Amazon.com came in third with a monetary value of $106.3bn in 2017 compared to $69.6bn in 2016.

AT&T took the fourth place, with a monetary value of $87.01bn in 2017, marking an increase from its $59.9bn in 2016, followed by Microsoft, valued at $76.2bn in 2017 compared to $67.2bn in the last year.

According to the list, Samsung Group ranked sixth among the world’s most valuable brands with a monetary value of $66.2bn in 2017 compared to $58.6bn in 2016, followed by Verizon in seventh place with a monetary value worth $65.8bn in 2017 compared to $ 63.1bn in 2016.

Facebook came in eighth with a monetary value estimated at $61.9bn in 2017 compared to $34bn in 2016.

China Mobile came in ninth place with a monetary value estimated at $46.7bn in 2017 compared to $9.8bn last year, followed by T (Deutsche Telekom) with a monetary value of $36.4bn in 2017, compared to $33.1bn in 2016.

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3% decline in iPhone prices, 4% in iPads this month http://www.dailynewsegypt.com/2017/02/22/3-decline-iphone-prices-4-ipads-month/ http://www.dailynewsegypt.com/2017/02/22/3-decline-iphone-prices-4-ipads-month/#respond Wed, 22 Feb 2017 08:00:39 +0000 http://www.dailynewsegypt.com/?p=615930 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 …

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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 25,299 to EGP 24,540.

The iPhone 6S Plus-16GB declined from EGP 14,999 to EGP 14,249, while the iPhone 6S Plus-32GB declined from 16,899 to EGP 16,054.

iPads also declined by 4%, where the iPad Pro-32GB declined from EGP 17,299 to EGP 16,607. The iPad Pro-128GB declined from EGP 19,599 to EGP 18,815.

For his part, Waleed Ramadan, head of the mobile communications division in the Federation of Chambers of Commerce, said that the prices of phones will decline by 10% to 18% this month if the dollar’s exchange rate continues to decline.

The price list of Samsung has declined by 8%-19%. The dollar decline this week led Samsung agents to reduce the prices on each device by EGP 300 to EGP 2,000, depending on the model.

The price of the Galaxy S7 Edge LTE declined by 19% from EGP 15,300 to EGP 12,400, while the Galaxy Note 5ds declined to EGP 10,650 from EGP 11,700—a 9% decline.

The Galaxy A7 declined by 7% to EGP 8,450 from EGP 9,100, while the Galaxy J7 declined 8.5% from EGP 4,140 to EGP 3,800.

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New increases in Huwaei and Infinix mobile phone prices this February http://www.dailynewsegypt.com/2017/02/22/new-increases-huwaei-infinix-mobile-phone-prices-february/ http://www.dailynewsegypt.com/2017/02/22/new-increases-huwaei-infinix-mobile-phone-prices-february/#respond Wed, 22 Feb 2017 07:30:57 +0000 http://www.dailynewsegypt.com/?p=615927 8.6% increase in Huawei prices, 7.9% increase in Infinix

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Huawei Mobile Devices increased the prices of its mobile phone and tablet products on 18 February by 8.6%, according to the price list of which Daily News Egypt obtained a copy. The Mate 9 phone’s price increased from EGP 10,010 to EGP 10,879, whereas the price of the Mate 8 increased from EGP 8,950 to EGP 9,725.

The price of the G8 increased from EGP 4,770 to EGP 5,179, the Y6 Pro-3G from EGP 2,530 to EGP 2,749, and the Y3C from EGP 935 to EGP 985. The price of the Media Pad-4G tablet increased from EGP 3,533 to EGP 3,839, while the Media Pad-3G increased from EGP 1,931 to EGP 2,099.

Infinix also increased the prices of its mobile products by 7.9%, where the Hot S-16GB increased from EGP 2,225 to EGP 2,399, while the Hot S Pro-16GB increased from EGP 2,390 to EGP 2,580.

According to the price list of Infinix for February, the price of the Note 3-16GB increased from EGP 2,515 to reach EGP 2,715, while the Note 3 Pro increased from EGP 2,720 to EGP 2,935.

The price of the Hot 4 increased from EGP 1,418 to reach EGP 1,530, while the Hot 4 Pro increased from EGP 1,687 to EGP 1,820. The Zero 4 increased from EGP 3,385 to EGP 3,655, while the Zero 4 Plus increased from EGP 4,710 to EGP 5,085.

Samsung increased the price of its own phones in January by 7-10% compared to December. The prices of mobiles, tablets, smart watches, and the “Internet of Things” devices also increased.

The sales of the mobile market declined locally during the first quarter of 2016 by 7% compared to the same period of last year, according to a report issued by market research company GfK, whereas the market sales of January, February, and March were 4m, compared to 4.3 million during the same period in 2015. The market is expected to witness a decline in growth this year, according to GfK.

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Will 2017 be the real return for Nokia phones? http://www.dailynewsegypt.com/2017/02/22/615916/ http://www.dailynewsegypt.com/2017/02/22/615916/#respond Wed, 22 Feb 2017 07:00:39 +0000 http://www.dailynewsegypt.com/?p=615916 Nokia to launch its smartphones in Egypt mid-May

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The Finnish phone company Nokia plans to launch the new version of its 3310 phone during the international conference for mobile phones named “Mobile World Congress,” taking place in Barcelona, Spain, between 27 February to 2 March.

HMD, which works on developing the mobile phones of the brand “Nokia,” seeks to launch the phones Nokia 3, Nokia 5, and Nokia 6 during the conference.

About 800 telecommunications companies and more than 250 mobile phone developers, along with internet, programming, and financing companies will take part in the conference, in addition to other industrial sectors.

According to Bassem Mogahed, the CEO of Raya Trade, the affiliate of Raya Holding and exclusive agent of Nokia in Egypt, said that a delegation from the company will take part in the events of the Mobile World Congress. The company will officially launch its Android smartphones in Egypt mid-May.

He explained that the 3310 phone the company will re-launch will not be a smartphone, but rather an advanced version of a traditional mobile phone. The real bet, though, will be on the company’s smartphones.

Even though it has been 17 years since Nokia launched its 3310, many still admire its rigidity and the strength of its batteries, something you cannot easily find in modern phones, according to Mogahed. The phone has many advantages, including a calculator, large storage, and four famous games: “Snake II,” “Pairs II,” “Space Impact,” and “Bantumi.” Snake is considered one of the most popular games and is currently available on Windows, Android, and iOS phones.

The company has launched the Nokia 6 into the Chinese market, with specifications of a 5.5″ screen, 1080×1920 pixels, a Snapdragon 430 processor from Qualcomm, 4GB memory, a 16 megapixel rear camera, and the price of $270.

Nokia is working to return to the market in the age of smartphones, where Microsoft bought the shares of Nokia in 2013 and completed sales in 2014 for $5.4bn, making the name Nokia disappear from the market and being launched under the name Lumia, whereas the company continued to produce traditional phones under the name Nokia before it was resold to Chinese company Foxconn in 2016 for $350m.

The Nokia 6 has advanced features, such as a 5.5″ screen, a 16 megapixel camera, 4GB RAM, and an eight-core processor. Nokia 3 and Nokia 5 have lower specifications for a lower price.

Leaks suggest that the Nokia 5 will have a 5.2″ screen with 720 pixels, 2GB RAM, and a camera of less than 12 megapixels, whereas the Nokia 3 will have the lowest specifications of the three new smartphones.

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Huawei acquires 10% of global smartphone market sales http://www.dailynewsegypt.com/2017/02/20/huawei-acquires-10-global-smartphone-market-sales/ http://www.dailynewsegypt.com/2017/02/20/huawei-acquires-10-global-smartphone-market-sales/#respond Mon, 20 Feb 2017 14:48:11 +0000 http://www.dailynewsegypt.com/?p=615836 The three Chinese brands among the top five make up almost 20% of the global market share

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According to data released by the analysts at Strategy Analytics and Counterpoint Research, Huawei Consumer Business Group (CBG) became the third largest smartphone manufacturer by market share, commanding 10% of the global market.

The Chinese market contributed a large part of this total figure with 467 million mobile phones shipped for the year. Among the top five vendors—Samsung, Apple, Huawei, OPPO, and Vivo—the three Chinese brands account for almost 20% of the global market share. Huawei ranked third overall, with nearly 10% market share, maintaining a steady growth despite a weaker global market. In total, Huawei shipped 139.3 million units in 2016, up 30.2% from 2015.

Despite the softening of the global smartphone market, Huawei’s annual growth in shipments shows strong momentum and continues to perform above the industry average. Shipments grew from 75 million in 2014 to 108 million in 2015 and approximately140 million in 2016. This industry-defying growth consolidated Huawei’s position as the number three global vendor.

Huawei has also modified its channel strategy, growing the total number of its offline service stores to more than 460 across 45 countries worldwide. The company launched its “1,000-county plan” in China, aiming to set up 1,000 stores across the country. Huawei has also established long-term and stable partnerships with thousands of distributors and retailers all over the world. The global public channel as a share of revenue increased to 71% in 2016, up 13 percentage points from 2015. The number of retailers offering Huawei devices across the world also increased to more than 70,000.

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El Kady discusses with YOFC final steps to establish optical fibre cable factory http://www.dailynewsegypt.com/2017/02/16/615629/ http://www.dailynewsegypt.com/2017/02/16/615629/#respond Thu, 16 Feb 2017 14:16:42 +0000 http://www.dailynewsegypt.com/?p=615629 El Kady stressed on the importance of responding to the current increase of domestic demand for optical fibre cables

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Minister of Communications and Information Technology Yasser El kady discussed with the Chinese company Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) the final steps for establishing a factory for optical fibre cables in one of the technological zones, in order to serve the increased domestic demand and exports to the region.

El Kady stressed on the importance of developing the telecommunication infrastructure and responding to the current increase of domestic demand for optical fibre cables—especially in light of the development of new cities and regions across the country. This is to provide further support to one of the main aspects in the strategy of the telecommunications and information technology sector, which supports creating a smart technological structure.

YOFC group (a partner of Huawei Global) owns the highest market share in the world in the field of optical fibre cables, and it is one of China ‘s largest investment entities that possesses numerous international investments.

YOFC chose Egypt as a destination to establish its new plant because of the Egyptian administration’s willingness and desire to develop and grow their country’s mature telecommunications sector. The company’s vice president emphasised on the company’s appreciation for the quality of Egyptian cadres that deal with precise modern technology.

The Information Technology Industry Development Agency (ITIDA) held a series of intensive meetings with YOFC in the past period to discuss the technical requirements of the plant and to provide the advisory side, which included the selection of the appropriate location of the plant in one of the new technological zones. Additionally, ITIDA offered to provide technological cadres, especially that the agency provides a technical training programme to develop the field of optical fibre cables production and maintenance.

Asmaa Hosni, CEO of ITIDA; Ahmed El-Sobky, vice president for IT markets development at ITIDA; and representatives of Huawei company in Cairo attended the meeting.

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KnockMart.com launches initiative to partner with retail outlets in Greater Cairo  http://www.dailynewsegypt.com/2017/02/15/knockmart-com-launches-initiative-partner-retail-outlets-greater-cairo/ http://www.dailynewsegypt.com/2017/02/15/knockmart-com-launches-initiative-partner-retail-outlets-greater-cairo/#respond Wed, 15 Feb 2017 07:00:57 +0000 http://www.dailynewsegypt.com/?p=615500 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 …

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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 the initiative will contribute to achieving several goals, including providing up to 5,000 jobs for youth and meeting the needs of clients across Greater Cairo and new urban cities.

He pointed out that the initiative allows citizens access to food and household goods over the internet at the same prices and offers of major supermarket chains. He added that it will also allow companies to increase their outlets and spread to new areas.

Taher said the company began applying the initiative through a partnership with i_mart in Heliopolis, adding that KnockMart aims to sign partnerships with 35 companies as part of the initiative in 2017 and boost the figure to 350 by 2021.

KnockMart is the first comprehensive online shopping experience in Cairo. Using a streamlined ordering and delivery process, KnockMart.com delivers groceries, household goods, and other lifestyle essentials directly to clients’ doors.

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