logo
Egypt's ICT ministry, Dell conclude third AI capacity-building initiative

Egypt's ICT ministry, Dell conclude third AI capacity-building initiative

Zawyaa day ago
Egypt's Minister of Communications and Information Technology, Amr Talaat attended the closing ceremony of the third round of a capacity-building initiative for university students in the field of artificial intelligence (AI), the ministry said.
The initiative, a collaboration between the ministry and Dell Technologies, provided specialised AI training to 676 students from eight public, private, and national universities. Since its launch, the programme has trained 1,620 students who have implemented 300 AI projects.
As part of the initiative, an AI hackathon was held to devise smart solutions for the tourism sector, with 63 students from 13 teams participating. Talaat honoured the three winning teams from Cairo University, the German University in Cairo, and Ain Shams University.
In his speech, Talaat said the hackathon reflects the ministry's commitment to fostering diligence, innovation, and a competitive spirit among youth, in collaboration with the private sector. 'AI and other modern technologies have a developmental impact on all state sectors,' he said, adding that the ICT sector is a common denominator in all societal progress.
Talaat also announced the launch of 'Digitopia,' which he described as the largest competition in the ICT sector, with total prizes of EGP 10m. The competition targets youth aged 9 to 35 and covers several technological tracks, including AI, cybersecurity, and digital arts.
Mohamed Amin, Senior Vice President for the CEEMETA region at Dell Technologies, said: 'At Dell Technologies, we recognised early on the importance of digital transformation and the rapid development in the field of AI, which is why we invest about $8bn annually in research and development, with about 70% of that dedicated to AI technologies.'
The AI capacity-building initiative is part of an agreement between the ministry and Dell to build the capabilities of innovative students in AI, providing them with the necessary technical support to meet the demands of the job market.
© 2025 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Agthia Group sees resilient performance in Q2-25 backed by profitability in Egypt
Agthia Group sees resilient performance in Q2-25 backed by profitability in Egypt

Zawya

timean hour ago

  • Zawya

Agthia Group sees resilient performance in Q2-25 backed by profitability in Egypt

Agthia Group reported net profits worth AED 49.07 million during the first half (H1) of 2025, marking a year-on-year (YoY) plunge from AED 189.98 million. Revenues from contracts with customers fell to AED 2.42 billion as of 30 June 2025 from AED 2.52 billion in the year-ago period, according to the financial results. Basic and diluted earnings per share (EPS) stood at AED 0.04 in H1-25, an annual decrease from AED 0.21. The snacking segment maintained topline momentum, led by Abu Auf's strong performance in Egypt. Meanwhile, the protein and frozen segment witnessed softer revenues, as profitability was affected by input cost pressures and the ongoing scale-up of the new Saudi facility. Results for Q2 In the second quarter (Q2) of 2025, Agthia Group shifted to net losses of AED 37.03 million, against net profits of AED 62.38 million in Q2-24. Meanwhile, the revenues grew by 5.90% to AED 1.14 billion in April-June 2025 from AED 1.07 billion in Q2-24. The basic and diluted loss per share stood at AED 0.04 in Q2-25, versus EPS of AED 0.06 in the same period of 2024. Salmeen Alameri, Managing Director and CEO of Agthia Group, commented: 'While we have been experiencing pressures in select segments, we are taking targeted initiatives to enhance Agthia's competitive foundation, reinforcing a more agile, disciplined, and future-ready organization that is well-positioned to deliver sustainable value to stakeholders.' The group's board recommended an interim cash dividend of 10.31 fils per share for H1-25, subject to shareholder approval at the next general assembly meeting. In Q1-25, the ADX-listed company registered a drop in net profits to AED 86.11 million, compared to AED 127.59 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (

Sirene by GAIA expands to Egypt's North Coast with branded residences and luxury hotel
Sirene by GAIA expands to Egypt's North Coast with branded residences and luxury hotel

Arabian Business

timean hour ago

  • Arabian Business

Sirene by GAIA expands to Egypt's North Coast with branded residences and luxury hotel

Fundamental Hospitality, the Dubai-based group behind Sirene by GAIA, is bringing its acclaimed beach club and lifestyle concept to Egypt's North Coast in Hacienda Heneish. Set to open in 2027, the project was done in partnership with leading Egyptian developer Palm Hills and will include a beach club, branded residences, and a luxury hotel. This marks Fundamental Hospitality's first foray into real estate development, and the latest move in the group's international expansion following its blockbuster launch at J1 Beach in Dubai in late 2024. Sirene by GAIA recorded over 250,000 visitors within four months of launching at J1 Beach in Dubai. The Egypt location will adopt a similar multizone layout, featuring dining areas, beach facilities, private cabanas, and a pool, within the Hacienda Heneish development on the North Coast. 'This marks a major development for the Group,' said Evgeny Kuzin, Chairman of Fundamental Hospitality. 'We'll be expanding into hotels and residences, and Hacienda Heneish is the perfect location. We will be incorporating one of our 'Made in Dubai' brands into this project.' The move comes amid surging Gulf investment into Egypt's real estate and tourism sectors, most notably the landmark $35 billion deal signed in February between the Egyptian government and a UAE-led consortium spearheaded by ADQ, Abu Dhabi's sovereign wealth fund. The agreement will see the development of Ras El Hekma, a vast 170 million square metre stretch of coastline west of Alexandria, into a world-class residential and tourism hub — in what is now Egypt's largest-ever foreign direct investment deal. Egypt's North Coast, historically a seasonal domestic destination, is undergoing rapid transformation into a regional hotspot for luxury real estate, with developers racing to capture demand from high-net-worth individuals across the Middle East, Europe, and Africa. The influx of Gulf capital has led to a wave of upscale projects, from private beach communities and five-star resorts to branded residences and yacht marinas. 'Egypt's North Coast is becoming the 'St. Tropez of the Northern Mediterranean',' Kuzin added. 'I believe there is a real opportunity to create a truly iconic and unforgettable venue and experience for all visitors, which in turn will also raise the tourism bar in Egypt as a whole.' 'We're excited to expand Sirene's global footprint and bring our world-class beach club concept to many of the vibrant world hotspots, starting in the heart of Egypt's North Coast.' Ismail Mansour, Vice Chairman of Palm Hills, added that they aim to 'play a key role in advancing Egypt's tourism industry'. The upcoming project, including the first Sirene-branded residences and hotel, will retain the brand's distinctive Cycladic-meets-Mediterranean aesthetic. No pricing or unit numbers have been disclosed.

Phoenix Group earns strong 'Buy' endorsement from H.C. Wainwright
Phoenix Group earns strong 'Buy' endorsement from H.C. Wainwright

Arabian Business

timean hour ago

  • Arabian Business

Phoenix Group earns strong 'Buy' endorsement from H.C. Wainwright

Phoenix Group PLC (ADX: PHX), an IHC portfolio company and global leader in blockchain and digital asset infrastructure, has received a reaffirmed Buy rating from US investment bank H.C. Wainwright & Co., along with a price target of AED 3.00. This recommendation stems from the company's strategic evolution beyond its traditional mining operations into high-growth sectors such as artificial intelligence (AI) and high-performance computing (HPC). As of the August 4, 2025 closing price of AED 1.48, analysts estimate Phoenix Group shares have more than 102 per cent upside potential, reflecting the market's confidence in the company's diversified expansion. Titled 'Re‑Energised Sites and AI/HPC Feasibility Prime Upside; Reit. Buy,' the report highlights Phoenix's: Transition toward higher-margin self-mining operations, bolstered by growing digital asset holdings. Expanded global operational footprint, enhancing resilience and growth potential. Substantial digital asset treasury, including Bitcoin and Solana holdings exceeding US$150 million. The analysts note that Phoenix's ambitious foray into AI and HPC infrastructure positions it to capitalise on surging demand for advanced compute capabilities, creating fresh revenue streams as new operational sites come online. A key strength highlighted is Phoenix's integration within the IHC ecosystem. As an IHC portfolio company, Phoenix benefits from shared resources and strategic alignment, support that strengthens its ability to scale and innovate within the fast-moving tech landscape. 'We are delighted that H.C. Wainwright sees the significant value and enormous potential in our strategy,' said Munaf Ali, CEO and co-founder of Phoenix Group. 'This report validates our team's hard work to expand our core mining operations efficiently while boldly moving into the AI and HPC space. As an IHC portfolio company, we are committed to driving innovation and delivering superior returns for our shareholders, and this report confirms we are on the right path.' Although the report acknowledges inherent sector-specific risks, particularly the volatility of digital asset markets, it remains confident in Phoenix's strategic vision and competitive positioning. About Phoenix Group PLC Phoenix Group PLC, an IHC Portfolio Company, is a multi-billion-dollar global technology leader headquartered in Abu Dhabi, UAE. As one of the world's top ten Bitcoin miners, it operates over 500 megawatts across the UAE, U.S., Canada, Oman, and Ethiopia, running the biggest mining farm in MENA. Phoenix Group is the first crypto and blockchain conglomerate in the region to be listed on the Abu Dhabi Securities Exchange (ADX).

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store