Telecom Egypt has hosted the First Egypt SubOptic Symposium, organized in collaboration with the Arab Academy for Science, Technology, and Maritime Transport at its headquarters in Smart Village. The event attracted international experts from different parts of the world who gathered to share their expertise. The Symposium was attended by students and graduates from the faculties of maritime transport and communications engineering.

In the FY 2022-23 budget, Egypt Post successfully achieved a net surplus of EGP 4.422 billion, demonstrating a remarkable growth rate of 21% in both its net profits and total service revenue, reaching EGP 5 billion. This milestone is attributed to Egypt Post’s accomplishments over the past three years, which include fostering financial inclusion and digital transformation, improving the quality and diversity of services, and developing post offices, among other achievements.

Egypt, represented by the National Telecom Regulatory Authority (NTRA), participated in the Seventh Government Roundtable for the Middle East Region. The event was organized by the Telecommunications and Digital Government Regulatory Authority (TDRA) in UAE, and RIPE Network Coordination Centre (RIPE NCC) on November 21 in Dubai, under the theme “Cooperation for Digital Infrastructures and Sustainable Internet Policies in the Arab Region.”

The Second Joint Government of Egypt and the United Nations Joint Team for Digital Transformation and Innovation (UN-JTDI) Ideation Workshop on Technology and Innovation has kicked off. The workshop focuses on climate action and enhancing digital ecosystems under Egypt’s Nexus of Water, Food, and Energy (NWFE) Program. The opening ceremony of the workshop was attended by officials from the Ministry of International Cooperation, the Ministry of Communications and Information Technology (MCIT), the International Telecommunication Union (ITU), the UN Resident Coordinator Office in Egypt, and representatives from the government, UN organizations, the private sector, and academia.

Prime Minister Mostafa Madbouly, accompanied by the ICT Minister Amr Talaat, has visited Amazon Customer Service Center. He also inspected various global companies operating in Egypt, specializing in IT, engineering R&D offshoring, and outsourcing and professional services in Cairo Festival City Mall in New Cairo.

Prime Minister Mostafa Madbouly has opened a global outsourcing company operating in 50 countries worldwide in many technology areas. Madbouly, accompanied by the ICT Minister Amr Talaat, also inspected major global companies in exporting IT and outsourcing services, in line with the national efforts to support and attract foreign direct investment in Egypt and develop the outsourcing industry and offshoring IT services.

Owing to MCIT efforts, the ICT sector is now a potential source of foreign currency in Egypt. The Ministry works to increase digital services exports to $9 billion by 2026, attract multinationals to the Egyptian market, and build digital capacity, among other efforts.

The National Telecommunication Regulatory Authority (NTRA) has moved to an Advanced Benchmark of Fifth Generation Collaborative Regulation (G5 Benchmark) in telecommunications within the ICT Regulatory Tracker issued by the International Telecommunication Union (ITU). This recognition underscores NTRA ability to leverage collaborative regulation as a tool to foster an integrated digital economy and create an effective regulatory environment for digital services.

The ICT sector has marked a significant achievement by attracting increased local and foreign investments in the last fiscal year. Its growth rate reached 16.3%, digital exports hit $4.9 billion, and investments in the startup ecosystem increased by 22%. These findings are reported in a report issued by the Ministry of Planning and Economic Development, which highlights key indicators of the economy, particularly in the face of current global challenges.