logo
Orange Egypt, Huawei introduce SD-WAN services for better internet experience - Tech

Orange Egypt, Huawei introduce SD-WAN services for better internet experience - Tech

Al-Ahram Weekly26-02-2025

Leading telecommunications provider Orange Egypt and global tech conglomerate Huawei announced a partnership on Wednesday. This collaboration will deliver Huawei's Software-Defined Wide Area Network (SD-WAN) services through the Huawei Cloud Stack (HCS) Platform, essential for building an efficient, future-proof network—a first for the Egyptian market.
According to the statement, this collaboration will enable seamless network management, dynamic path selection, and improved performance while bolstering security and enhancing user experiences across geographically dispersed offices. Additionally, it will support remote workforces and promote business continuity.
This initiative aligns with Orange's strategy to expand its range of WAN services in Egypt, adhering to all regulations and standards for SD-WAN deployment across various sectors.
'The new partnership between Orange and Huawei to provide Orange SD-WAN solutions builds on the current long-standing collaboration between the two companies. Orange has supported numerous governmental entities and local and international companies in their digital transformation journeys. We aim to optimize the utilization and management of Network/IT resources, further solidifying our position as a leader in advanced technology services in the Egyptian market,' said Orange's chief business officer, Hesham Mahran.
Huawei Egypt key account executive Mohamed Youssef added, 'This launch of SD-WAN services is a testament to our successful collaboration over the past 20 years in Egypt. With Huawei's SD-WAN, we intend to revolutionize Orange's digital transformation efforts by leveraging our latest technologies and global expertise, significantly supporting WAN connectivity growth opportunities in Egypt.'
Egypt has a clear strategy to accelerate the digital transformation process across the country per Vision 2030. According to Minister of Communications and Information Technology Amr Talaat, the contribution of the information and communications technology (ICT) sector to Egypt's GDP increased from 3.2 percent in FY 2017/2018 to 5.8 percent in FY 023/2024.
Follow us on:
Facebook
Instagram
Whatsapp
Short link:

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt Moves to Reduce Public Debt Through Strategic Land Utilization
Egypt Moves to Reduce Public Debt Through Strategic Land Utilization

Egypt Today

time3 hours ago

  • Egypt Today

Egypt Moves to Reduce Public Debt Through Strategic Land Utilization

The Egyptian Ministry of Finance has announced that the recent allocation of a significant land area in Ras Shukeir, located in the Red Sea Governorate, aligns with national efforts to issue sovereign sukuk and reduce public debt. Under Republican Decree No. 303 of 2025, President Abdel Fattah El-Sisi authorized the Ministry to utilize approximately 41,515.55 feddans (or 174.4 million square meters) of state-owned land in the area. This move forms part of a comprehensive financing strategy aimed at supporting the national budget. In a statement released Thursday, the Ministry clarified that this allocation does not involve any sale of land. Rather, it will be developed and partially used as collateral for sovereign sukuk issuance—providing the government with cost-effective financing options. The land will remain fully owned by the Egyptian state and under the authority of the Ministry of Finance, alongside other government entities engaged in economic activities. No ownership transfer to private parties is permitted. The presidential decree specifies that the land must be used strictly for public debt reduction and the issuance of sovereign sukuk, in line with relevant legal and regulatory frameworks. Additionally, the Armed Forces will retain control over any military-designated zones within the allocated area, recognizing their strategic importance. The Ministry further revealed plans to develop a portion of the land through joint ventures with financial institutions and public economic entities. The objective is to offset part of the existing government debt through shared investments that deliver strong developmental returns. This initiative is expected to ease the debt burden, lower servicing costs, and unlock the land's potential by transforming it into productive, tourism, service, and real estate projects—ultimately yielding sustainable economic benefits. The Ministry emphasized that this approach is part of Egypt's broader strategy to strengthen public financial governance, stimulate economic growth, enhance competitiveness, reduce borrowing costs, and expand fiscal space to support social protection and low-income populations.

Egyptian, Norwegian FMs address regional, international issues
Egyptian, Norwegian FMs address regional, international issues

Egypt Today

time3 hours ago

  • Egypt Today

Egyptian, Norwegian FMs address regional, international issues

Egyptian Minister of Foreign Affairs and Emigration Badr Abdelatty, met with Minister of Foreign Affairs of Norway, Espen Barth Eide, on the sidelines of the Oslo Forum on June 12, 2025- press photo CAIRO – 12 June 2025: Egyptian Minister of Foreign Affairs and Emigration Badr Abdelatty, met with Minister of Foreign Affairs of Norway, Espen Barth Eide, on the sidelines of the Oslo Forum to discuss ways to enhance bilateral relations between Egypt and Norway, and to address regional and international issues of mutual interest. Minister Abdelatty praised the positive developments witnessed in Egyptian-Norwegian relations on both the political and economic levels, noting the meetings and communications that have taken place between the President of the Republic and the Norwegian Prime Minister, most recently the President's visit to Norway in December 2024. Minister Abdelatty also welcomed the convening of a round of political consultations between the two countries in activation of the Memorandum of Understanding (MoU) signed during the presidential visit, expressing aspiration to maintain the regularity of political consultations at all levels to elevate the level of bilateral relations. Minister Abdelatty further welcomed the economic cooperation between the two countries, particularly in the field of renewable energy, expressing anticipation for the continuation of the implementation of the projects of the Norwegian company Scatec in Egypt and the commencement of new projects that would contribute to increasing Norwegian investments in Egypt. He also referred to the necessity of enhancing trade exchange between the two countries, highlighting the importance of encouraging the Norwegian Agency for Development Cooperation and the Norwegian Investment Fund for Developing Countries to explore the possibility of increasing their financing of Norwegian companies operating in Egypt and financing new companies in the fields of clean energy and aquaculture to benefit from the recent economic reforms in Egypt. Minister Abdelatty expressed keenness on tripartite cooperation in Africa, in light of Norway's issuance of a special African strategy in August 2024. The two ministers exchanged views on several regional issues, most importantly the situation in the Gaza Strip. Minister Abdelatty valued Norway's supportive stance of the rights of the Palestinian people and its advocacy of the principles of international law. He reviewed the efforts undertaken by Egypt to achieve a ceasefire in Gaza and to ensure the entry of humanitarian aid to alleviate the severity of the humanitarian crisis in Gaza, affirming the need to consolidate international efforts to enable the Palestinian people to obtain their legitimate rights, foremost of which is the establishment of an independent Palestinian state on the June 4, 1967 lines, with East Jerusalem as its capital. The meeting also touched upon the situation in Sudan, where Minister Abdelatty affirmed Egypt's supportive position of preserving Sudan's unity, stability, and national institutions. Cooperation with Scatec In a separate meeting, Abdelatty, met on Wednesday, June 11, with the CEO of the Norwegian company Scatec, Terje Pilskog. Minister Abdelatty emphasized the importance of building upon the outcomes of President Abdel Fattah El-Sisi's visit to Norway in December 2024 and strengthen cooperation with the Norwegian company Scatec. He affirmed Egypt's full support for the company's projects in Egypt, which contribute to enhancing trade and investment relations between Egypt and Norway, expressing aspiration to increase the company's investment volume in Egypt and to implement the company's project to export clean electricity to Europe. Minister Abdelatty also reviewed the policies adopted by Egypt to empower the private sector and attract foreign direct investment, affirming Egypt's interest in supporting foreign companies operating in Egypt, including Scatec, whose projects align with the Egyptian state's direction towards transitioning to a green economy and transforming Egypt into a global hub for the production of green hydrogen. Minister Abdelatty further pointed to the aspiration for a trilateral cooperation with the Norwegian company in Africa to implement development projects, particularly in the field of renewable energy.

Red Sea land allocated for sukuk issuance, not sold: Egypt Finance Ministry - Economy
Red Sea land allocated for sukuk issuance, not sold: Egypt Finance Ministry - Economy

Al-Ahram Weekly

time3 hours ago

  • Al-Ahram Weekly

Red Sea land allocated for sukuk issuance, not sold: Egypt Finance Ministry - Economy

Egypt's Ministry of Finance confirmed on Thursday that the ownership of the prime plot of land allocated to the ministry in the Red Sea Governorate will not be transferred to any entity and will be used for issuing sovereign sukuk (Islamic bonds) to reduce government debt. In a statement, the ministry confirmed that the land will not be sold but rather used as collateral for issuing sukuk, which will allow it to be developed and used. It added that this initiative aims to secure financing under favorable terms to cover the needs of the state's general budget. It also stressed that the land would remain under full ownership of the Egyptian state, which is represented by the ministry. The statement further explained that the move aims to use part of the land to achieve optimal country development through partnerships and deals with financial sector entities and economic authorities within the government. It said the strategy includes replacing some of the existing debt owed by budgetary agencies to these government bodies with joint investment ventures. This strategy will first reduce budgetary agency debt and the overall debt servicing burden. It will also help develop the land into productive, service-oriented tourism and real estate projects, generating long-term, sustainable economic returns and job opportunities for future generations. The ministry noted that these measures will improve public finances, reduce government debt, boost economic activity, enhance the competitiveness of the Egyptian economy, and lower financing costs. Moreover, they will create additional fiscal space to increase spending on social protection programmes for the most vulnerable and lower-income groups and raise allocations for human development sectors, particularly health and education. Managing debt The ministry statement followed President Abdel-Fattah El-Sisi's decision on Tuesday to assign 174 million square metres of state-owned land in the Red Sea Governorate to the Ministry of Finance as part of ongoing efforts to manage public debt and fund sovereign sukuk issuance. The decision aligns with a broader government strategy to enhance debt sustainability. Prime Minister Mostafa Madbouly recently emphasized Egypt's commitment to responsible borrowing, noting that recent bond issuances are designed to extend debt maturity timelines. In its monthly statistical bulletin on Tuesday, the Central Bank of Egypt (CBE) said Egypt's external debt declined by approximately $111 million during the second quarter (Q2) of fiscal year (FY) 2024/2025. It reached $155.09 billion by the end of December 2024, compared to $155.20 billion by September 2024. The CBE added that Egypt has paid approximately $13.354 billion in interest and installments on its external debt during Q2 of FY2024/2025. The Tuesday bulletin also indicated that debt service burdens are divided into $1.861 billion paid in interest and $11.492 billion paid in installments. Sukuk bonds are Shariah-compliant financial instruments that offer investors a share in a tangible asset rather than a debt obligation. They rely on a profit-sharing or leasing structure, unlike traditional bonds that generate income from interest. Follow us on: Facebook Instagram Whatsapp Short link:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store