Billionaire Naguib Sawiris's Orascom Investment Holding (OIH) has signed a contract with the Supreme Council of Antiquities to manage and provide services in the Pyramids of Giza area.
The newly formed joint venture company will go to market as YahClick (powered by Hughes) and will be operational with immediate effect.
According to a statement, the JV – dubbed Raytheon Saudi Arabia – will market and provide integrated defensive cybersecurity software and hardware capabilities.
Liquid Telecom will invest an initial amount of $50 million in data centers and cloud services in Egypt, followed by an additional $350 million in broadband and financial inclusion initiatives.
The partnership between the two had been on shaky ground since Amazon acquired the grocer in June 2017.
For the last several years, Dorsey declined any pay from Twitter and accepted a mere $2.75 from Square.
The Alexandria-based company is the first Egyptian software services company to be acquired by a Silicon Valley firm.
China has denied any hack of Marriott that exposed 500 million individuals' personal data.
IBM’s Middle East and Africa head Takreem El-Tohamy is steering the firm to focus on emerging technologies such as blockchain and artificial intelligence.
Many founder-CEOs draw just a token salary of $1 while the bulk of their remuneration is tied to the company's performance. Here are the top CEOs in the Silicon Valley who drew just $1 as salary.
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