Telecom Egypt restores services after Ramses Central fire
The fire, which broke out on Monday, July 7th, caused partial disruptions to fixed broadband and mobile services due to the failure of some interconnection circuits in the building. The company confirmed that the fire has been brought under control.
Emergency teams are working to gradually restore services in the affected areas, following a pre-established crisis management plan.
Telecom Egypt stated that it has deployed its technical and human resources to maintain service availability, in coordination with the relevant authorities.
An assessment is underway to determine the full extent of the damage. The company noted that all affected assets, including equipment and buildings, are covered by insurance.
Coordination is also ongoing with the concerned bodies to determine the cause of the fire and apply necessary measures.
Telecom Egypt said it remains committed to transparency and will provide updates on the situation as they become available. It also emphasized its focus on maintaining operations and serving customers across the country.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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The National
18 hours ago
- The National
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But a series of economic upheavals, including the devaluation of the Egyptian pound, has profoundly altered the industry. Since 2016, when Egypt floated its currency as part of a deal with the International Monetary Fund, the pound has plummeted through five separate devaluations, the latest in 2024. The cost of raw materials has rocketed, pricing out many craftsmen and buyers. Pure silk, once the hallmark of carpets from Saqiyat Abu Sharah, is now a rare luxury, Mr Abdel Razek explains. 'A square metre of pure animal-fibre carpet today can cost up to 30,000 Egyptian pounds [$600],' he says. In contrast, synthetic alternatives cost as little as 180 pounds a metre. In 2010, a square metre of a high-quality handmade rug was sold for 2,000 Egyptian pounds. That was about $500 given the exchange rate at the time. 'The kind of customer we need is someone who values things in US dollars,' he says. 'For them, 5,000 Egyptian pounds is $100, so it doesn't feel as expensive.' 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