{"id":550448,"date":"2022-10-27T03:59:00","date_gmt":"2022-10-27T03:59:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/"},"modified":"2022-10-27T03:59:00","modified_gmt":"2022-10-27T03:59:00","slug":"another-subsea-cable-for-our-regional-data-hub-ambitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/","title":{"rendered":"Another subsea cable for our regional data hub ambitions"},"content":{"rendered":"<p><strong>Telecom Egypt inaugurated its Red2Med submarine cable <\/strong>which runs from Ras Ghareb\u2019s Red Sea to Port Said\u2019s Mediterranean through the Suez Canal, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0zXjafzinNBagQk1JEyFDffCZV6cJxygrA9jR3hDhNGUHjtYw7wEumvAmUKpiQ331l\">statement<\/a>. The cable is the \u201cshortest, fastest and most secure way to transfer data between east and west,\u201d said Telecom Egypt CEO Adel Hamed. Communications Minister Amr Talaat was also present at the inauguration ceremony.<\/p>\n<p><strong>REMEMBER: TE is crazy for subsea data cables.<\/strong> More than a dozen cables currently transmit data from Egypt to Europe, and Telecom Egypt plans to add some six more cables over three years, part of national plans to become a data hub between Asia, Europe, and Africa.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Beltone Financial<\/strong> paid USD 700k to settle a dispute with one of its US-based subsidiaries, it said yesterday, without disclosing further information. (<a href=\"https:\/\/ent.news\/2022\/10\/Beltone_26Sept22.pdf\">Disclosure, pdf<\/a>)<\/li>\n<li><strong>Alexbank<\/strong>, <strong>El Sewedy Education<\/strong>, and Italian social enterprise <strong><a href=\"https:\/\/e4impact.org\/\">E4Impact<\/a><\/strong> inked an MoU to implement and develop an agricultural entrepreneurship program. (<a href=\"https:\/\/bit.ly\/3Nck3sq\">Hapi Journal<\/a>)<\/li>\n<li><strong>Qalaa Holdings\u2019 <\/strong>appeal has been successful against a <strong>court ruling <\/strong>over USD 8.4 mn in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72f8b22f-6c98-4949-b2a3-be55dc3948bc\">NSF checks<\/a>, and the verdict overturned. (<a href=\"https:\/\/ent.news\/2022\/10\/QH-verdict-objection.pdf\">Disclosure, pdf<\/a>)<\/li>\n<li>Payment platform <strong>Arab Financial Services<\/strong> has launched its merchant payment services in Egypt. (<a href=\"https:\/\/ent.news\/2022\/10\/Press-Release-Arab-Financial-Services-Launches-Acquiring-and-Payment-Acceptance-Services-in-Egypt.pdf\">Press release, pdf<\/a>)<\/li>\n<li><strong>Cars imported by Egyptian expats<\/strong> under the new scheme to raise FX must be from the same country in which the expat resides. (<a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02JN4fDTpGxFbw7TMDar1ShJRWrCPUbGNNivbkcGBYUNiKsrBRwQ994eFJYsph2Axjl\">Finance Ministry statement<\/a>)<\/li>\n<li><strong>Egypt <\/strong>and the <strong>UAE <\/strong>discussed joint strategies to <strong>combat money laundering <\/strong>and terrorist financing. (<a href=\"https:\/\/www.wam.ae\/en\/details\/1395303095189\">WAM<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb\u2019s Red Sea to Port Said\u2019s Mediterranean through the Suez Canal, according to a statement. The cable is the \u201cshortest, fastest and most secure way to transfer data between east and west,\u201d said Telecom Egypt CEO Adel Hamed. Communications Minister Amr Talaat was also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[97,1139,111,2155,144,812,152,72,613,212,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550448","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-agriculture","tag-alexbank","tag-also-on-our-radar","tag-arab-financial-services","tag-automotive","tag-beltone-financial","tag-elsewedy-electric","tag-enterpriseam","tag-qalaa-holdings","tag-telecom-egypt","tag-uae","wpautop","entry"],"acf":{"mongo_id":"d0519799-3a3d-4a42-94cb-180a923f0bd7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550427],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Another subsea cable for our regional data hub ambitions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another subsea cable for our regional data hub ambitions\" \/>\n<meta property=\"og:description\" content=\"Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb\u2019s Red Sea to Port Said\u2019s Mediterranean through the Suez Canal, according to a statement. The cable is the \u201cshortest, fastest and most secure way to transfer data between east and west,\u201d said Telecom Egypt CEO Adel Hamed. Communications Minister Amr Talaat was also [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T03:59:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Another subsea cable for our regional data hub ambitions\",\"datePublished\":\"2022-10-27T03:59:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/\"},\"wordCount\":255,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"Alexbank\",\"ALSO ON OUR RADAR\",\"Arab Financial Services\",\"automotive\",\"Beltone Financial\",\"Elsewedy Electric\",\"EnterpriseAM\",\"Qalaa Holdings\",\"Telecom Egypt\",\"UAE\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/another-subsea-cable-for-our-regional-data-hub-ambitions\/\",\"name\":\"Another subsea cable for our regional data hub ambitions - 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The cable is set to up data traffic between Europe, Asia, and Africa, the release read, \u201ccreating a\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543671,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/etisalat-misr-buys-40-mhz-of-bandwidth-new-subsea-data-cable-to-connect-egypt-greece\/","url_meta":{"origin":550448,"position":1},"title":"Etisalat Misr buys 40 MHz of bandwidth + new subsea data cable to connect Egypt + Greece","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"Etisalat Misr bought 40 MHz of new bandwidth from the National Telecommunications Regulatory Authority (NTRA), Etisalat Misr \u0650Acting Chief Corporate Affairs Officer Hossam ElMeadawy said in a statement (pdf) on Thursday, without providing the value of the transaction.Two awards in one week: This came in the same week that Orange\u2026","rel":"","context":"In &quot;Telecoms&quot;","block_context":{"text":"Telecoms","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/telecoms\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/168.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578076,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/siemens-bags-another-smart-grid-contract\/","url_meta":{"origin":550448,"position":2},"title":"Siemens bags another smart grid contract","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"INFRASTRUCTURE-One step closer to the Egyptian-Greek subsea data cable: Telecom Egypt and Greek telecoms company Grid Telecom signed an agreement to lay a subsea data cable across the Mediterranean, according to a joint statement (pdf). The cable is part of a system that will connect Europe, Asia, and Africa and\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545609,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/te-partners-with-amsterdam-firm-to-launch-internet-exchange-point\/","url_meta":{"origin":550448,"position":3},"title":"TE partners with Amsterdam firm to launch internet exchange point","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"Egypt\u2019s first open-access internet exchange point is live: An internet exchange built by Telecom Egypt and the Amsterdam Internet Exchange (AMS-IX) went live on Friday, according to a joint statement over the weekend. The EG-IX is an open-access platform that allows large network, cloud and telecom providers to directly exchange\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571561,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/te-egypt-to-participate-in-huge-subsea-africa-middle-east-internet-cable\/","url_meta":{"origin":550448,"position":4},"title":"TE Egypt to participate in huge subsea Africa, Middle East internet cable","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"TE Egypt to participate in huge subsea Africa, Middle East internet cable: Telecom Egypt (TE Egypt) is among a consortium of global telecoms firms partnering to lay a giant subsea cable between Europe, the Middle East and 16 countries in Africa, according to a joint press release (pdf). Known as\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564861,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/big-infrastructure-diplomacy-w-in-african-subsea-cables\/","url_meta":{"origin":550448,"position":5},"title":"Big infrastructure diplomacy \u201cW\u201d in African subsea cables","author":"enterpriseam admin","date":"3 March 2021","format":false,"excerpt":"Telecom Egypt (TE) is planning to connect landlocked and coastal African countries to Europe through a giant subsea system that will circle all of Africa, the state-owned company said in a press release (pdf) this afternoon. The Hybrid African Ring Path (Harp), which TE is set to complete by 2023,\u2026","rel":"","context":"In &quot;SPEED ROUND: TELECOMS &amp; ICT&quot;","block_context":{"text":"SPEED ROUND: TELECOMS &amp; ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/405.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=550448"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550448\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550427"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550448"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550448"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}