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Samsung Electronics profits drop 95% in Q2 of 2023
Samsung Electronics announced that its profits dropped by 95 percent in the second quarter (Q2) of 2023.
ITIDA, Huawei cooperate to boost Egypt’s AI indicators
Egypt’s Information Technology Industry Development Authority (ITIDA) and Huawei signed on Thursday a cooperation…
Taiwan’s TSMC to invest $2.9 bln to build advanced chip plant
Taiwan Semiconductor Manufacturing Company (TSMC) is planning to invest $2.9 billion to build an advanced chip…
Fawry may apply for digital banking licence in Egypt
Egyptian digital payments company Fawry said on Wednesday it is potentially applying for a digital banking licence…
Egypt’s Fawry in discussions for potential expansion into Saudi Arabia
Egyptian digital payments company Fawry said on Wednesday it is in preliminary discussions a subsidiary of Saudi…
Microsoft shares earn $44 billion in one day
Microsoft shares rose about 1.7 percent in Tuesday's session to add about $44 billion to its one-day market value…
Australia fines Meta $14 mln for misleading users
The Australian Federal Court has ordered Meta Platforms to pay fines amounting £20 million ($14 million) for…
WhatsApp launches Channels in Egypt
Meta's WhatsApp announced on Wednesday the launch of Channels in Egypt, a new way for people and organisations to…
India rejects BYD’s $1 bln factory offer
India has rejected BYD’s offer to set up an electric vehicle (EV) factory worth one billion dollars in the country,…
Netflix garners 6mln subscribers following password sharing crackdown
Netflix has added six million paid subscribers in three months, following its paid password sharing, with a total…