• Sunday, 13 December 2020

    Egypt ranks third in November startup funding league table -Wamda

    Egyptian startups raised USD 6.6 mn in venture capital funding last month, putting them in third place in MENA behind the UAE and Saudi Arabia, Wamda said in a recent report. Egypt saw nine transactions in November (tying with the...
  • Thursday, 10 December 2020

    China lays claim to quantum supremacy with photon technology

    Chinese researchers claim to have achieved quantum supremacy after successfully using a prototype system to perform a task that would take one of the world’s fastest supercomputers 2 bn years in just a few minutes, reports Wired. The Jiuzhang system,...
  • Sunday, 6 December 2020

    Techwear startup Sigma Fit raises undisclosed investment from Innlife, Kuwaiti investors

    Techwear startup Sigma Fit has raised an undisclosed investment from local investment firm Innlife and unnamed Kuwaiti investors, reports MenaBytes. Sigma Fit will use the funding for R&D in fabrics, antiviral materials and clothing with embedded sensors, as well as...
  • Tuesday, 1 December 2020

    DeepMind AI cracks half-century-old puzzle of “folding protein,” sheds light on mechanism of life

    Artificial intelligence is breaking scientific barriers: AI group DeepMind’s new program AlphaFold has figured out how proteins fold into 3D forms, a complex problem that has eluded scientists for over 50 years. The program’s breakthrough offers a better understanding of...
  • Tuesday, 1 December 2020

    Trella takes another step in its plan to become a leading regional trucking app

    Egyptian digital trucking marketplace Trella has launched in Pakistan, a little less than a year after expanding into Saudi Arabia, Saim Chaudhary, the company’s managing director in Pakistan told Menabytes. “With Trella becoming a key regional player, such an extension...
  • Sunday, 29 November 2020

    Everything to know about covid at home and abroad on 29 November 2020

    The Health Ministry reported 351 new covid-19 infections yesterday, down from 357 the day before. The ministry also reported 13 new deaths, bringing the country’s total death toll to 6,621.The daily infection rate reached a 17-week high on Friday after...
  • Sunday, 29 November 2020

    Also on our radar on 29 November 2020

    Green finance is more and more a thing with each passing day. Most recently: The National Bank of Egypt (NBE) is getting a EUR 100 mn credit facility from the French Development Agency (AFD) to finance green projects in Egypt...
  • Sunday, 29 November 2020

    Competition watchdog could be getting sharper teeth

    A handful of legislative changes on antitrust, civil society, and investment received nods from the Madbouly cabinet during the weekly meeting last Wednesday:Changes to the Antitrust Act would require companies to seek the Egyptian Competition Authority’s (ECA) approval before finalizing...
  • Sunday, 22 November 2020

    Google Doodles and chillin with our neighbors to the east

    Ahmed Zaki commemorated by Google: Google’s Doodles paid tribute on Wednesday to what would have been the late actor Ahmed Zaki’s 71st birthday. Critically acclaimed and beloved by fans, he broke ground as a dark-skinned thespian performing leading roles, and...

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