News
Alexander the great stirs up controversy in Egypt
![Alexander the great stirs up controversy in Egypt](https://adigitalboom.com/wp-content/uploads/2018/07/alexander-the-great-tomb-discovery-in-Egypt-min-1.png)
A massive black coffin was accidentally discovered in Alexandria earlier this month, sparking a great deal of controversy and some outrageous claims from Egyptian officials following the unveiling of its contents. These claims have gathered all kinds of reactions from the Egyptian public, some of which are hilarious, to say the least.
Here’s how it happened.
Alexander the great dies
Alexander died in 323 BC in Babylon, in what is now Iraq, but his remains were later moved to an unknown location in Alexandria.
2000 years later…
Mysterious Tomb Found
30-Tonne coffin accidentally found by construction workers on-site of an apartment building in the historic Mediterranean city of Alexandria, Egypt.
![This picture released on July 1, 2018, by the Egyptian Ministry of Antiquities shows an ancient tomb dating back to the Ptolemaic period found in the Sidi Gaber district of Alexandria. - The tomb, which dimensions are a height of 185 cm, length 265 cm and width of 165 cm, contains a black granite sarcophagus considered to be the largest to be discovered in Alexandria. The tomb was found at a depth of 5 meters beneath the surface of the land, there is a layer of mortar between the lid and the body of the sarcophagus indicating that it had not been opened since it was closed in antiquity. An alabaster head of a man was also found and most probably belongs to the owner of the tomb. (Photo by - / various sources / AFP) / XGTY / === RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT 'AFP PHOTO / HO / EGYPTIAN MINISTRY OF ANTIQUITIES- NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS == (Photo credit should read -/AFP/Getty Images)](https://adigitalboom.com/wp-content/uploads/2018/07/GettyImages-989060456-1.jpg)
This picture released on July 1, 2018, by the Egyptian Ministry of Antiquities shows an ancient tomb dating back to the Ptolemaic period found in the Sidi Gaber district of Alexandria. (Photo credit /AFP/Getty Images)
Suspicions arise
the media outbreaks with different theories about the contents of the massive tomb, and rumors about the tomb belonging to Alexander the great started going around.
![Suspicions arise, alexander the great tomb, Alexandria, Egypt, historical discovery](https://adigitalboom.com/wp-content/uploads/2018/07/3-1.png)
This picture released on July 1, 2018, by the Egyptian Ministry of Antiquities shows the alabaster head of a man found in an ancient tomb dating back to the Ptolemaic period, digged out in the Sidi Gaber district of Alexandria. (Photo credit – AFP/Getty Images)
Ministry of antiques dismisses the theories
In a press release, Egypt’s antiquities ministry dismisses any chance of finding Alexander’s remains inside the 2,000-year-old sarcophagus.
The tomb is opened
The tomb is opened as Egyptians hold their breath, fearful of a thousand years’ curses unleashing at the tomb’s opening.
Contents of the Tomb are unveiled
To our great disappointment, the tomb contains a mummified family and some sewage from a leak in a nearby building. The exact location of Alexander the great’s tomb remains a mystery.
![Suspicions arise, alexander the great tomb, Alexandria, Egypt, historical discovery](https://adigitalboom.com/wp-content/uploads/2018/07/5-1.png)
(Photo credit -/AFP/Getty Images)
Government issues outrageous statement
Government officials issued a statement “Skulls bear characteristics of bravery and chivalry that can only exist in a warrior.”
How Egyptians reacted to the incident
Plumber needed!!
يامحمد ارجع البلد بسرعه لاقينا تابوت مليان ميه مجاري ومحتاجين سباك امين يصرفها 😂😂😂#تابوت_الاسكندريه pic.twitter.com/I6Iaqoexfz
— Ayman Azmy (@AymanAzmy6) July 20, 2018
Imagination gone wild
لحظِة تخيُل : ماذا لو كان غطاء التابوت ليس الا خدعة ويكون في الاصل باب يدخلك الى سرداب سفلي بعمق ١٠ متر تصل منه الى اهم واشهر مقبرة في التاريخ وهي مقبرة الإسكندر الأكبر بكل كنوزها 😉 pic.twitter.com/gvE2YHKfQY
— Ramy AlSawy (@RamyAlSawy1) July 19, 2018
Alexander is a Croatia fan
الإسكندر شكله كدة بيشجع كرواتيا 😂😂 pic.twitter.com/OX3MPtNXZm
— عمرو نصوحي (@Nsoo7y) July 19, 2018
Another priceless reaction to the sewage!
لما تبقى مستني الاسكندر وتفتح تلاقي خرى pic.twitter.com/WgivbQG19L
— اسلام صالحين (@EslamSalheen) July 19, 2018
Outrage over warrior claims!
معروف فى طب شرعي إن الرجولة والشهامة بتتعرف من الجمجمة , والطيبة والأخلاق من عضمة الزند , والكرم من عضمة الفخد ,,, pic.twitter.com/8mXbZ8KUT5
— اسلام صالحين (@EslamSalheen) July 20, 2018
Please, Make them stop!
Please ,make them stop 💔🙏#تابوت_الاسكندريه pic.twitter.com/SxXlb5Nua7
— taghrid (@taghridomar94) July 20, 2018
News
Saudi Fintech Lendo Signs MOU with J.P. Morgan
![Saudi Startup Lendo Joins Forces with J.P. Morgan to Enhance SME Financing](https://adigitalboom.com/wp-content/uploads/2024/09/Lendo-x-JP-Morgan-MOU.png)
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) today with J.P. Morgan to improve access to financing for small and medium-sized enterprises (SMEs) across the country.
The MOU was signed during 24 Fintech, a premier fintech event that brings together industry leaders, innovators, and investors in Riyadh.
J.P. Morgan and Lendo are working together on potential opportunities to support the SME sector in Saudi Arabia in growing and sustaining the remarkable demand in this market.
“This strategic collaboration with J.P. Morgan, a pioneer in the financial industry, marks a significant milestone for Lendo,” said Osama Alraee, CEO and co-founder of Lendo. “By combining our strengths, we’ll deliver cutting-edge financial solutions to SMEs, supporting their growth and contributing directly to the realization of Saudi Arabia’s Vision 2030.”
The SME financing landscape in MENA presents a substantial market opportunity as limited financial access continues to restrict the growth of the region’s businesses, with commercial banks hesitant to issue loans to SMEs at scale, resulting in a high percentage of declined financing requests annually.
The total SME financing gap in developing countries is estimated to be approximately $5.2 trillion, according to the International Finance Corporation (IFC).
Lendo’s debt crowdfunding platform aims to bridge the financing gap for SMEs, aligning with Saudi Vision 2030’s goal to significantly expand SME lending from 4% in 2018 to 20% by 2030.
According to the latest available report from the Saudi Central Bank (SAMA), the total value of debt crowdfunding in Saudi Arabia surged from SAR 1.4 million in 2019 to SAR 771 million in 2022, marking a remarkable growth.
Lendo raised SAR 132 million ($35.2 million) in total funding from leading investors, including the most recent Series B led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF).
Since its inception in December 2019, Saudi fintech Lendo has processed over 5,000 financing transactions on its platform, providing over SAR 2 billion ($600 million) in financing to SMEs and generating SAR 280 million ($74 million) in returns for investors.
News
TA Telecom Introduces AnteThink: A New AI Decision Support Tool
![**TA Telecom Introduces AnteThink: A New AI Decision Support Tool for Enhanced Decision-Making**](https://adigitalboom.com/wp-content/uploads/2024/01/antethink-ta-telecom.png)
TA Telecom, a prominent player in the Middle East’s tech sector, has unveiled AnteThink, an AI-driven tool designed to enhance decision-making processes for individuals and businesses alike.
With a history of influencing the tech landscape through various initiatives, including advanced mobile solutions, high-volume payment platforms, and ventures in e-commerce, fintech, and analytics, TA Telecom has carved a niche for itself. Serving a vast user base of 40 million and processing an impressive 15 billion transactions across its platforms, TA Telecom has cemented its position as a tech industry leader, with some of its ventures achieving the status of Y Combinator companies.
Established in 2000, TA Telecom has emerged as a prominent player in the technology sector. With over 40 million users and processing 15 billion transactions annually, TA Telecom has made a notable impact. Recognized for its contributions by the Financial Times and featured on Deloitte’s list of fastest-growing tech companies in EMEA, TA Telecom is known for its adaptability and forward-thinking approach in the ever-evolving global tech landscape.
Sameh Ibrahim, CEO of TA Telecom, highlights the potential of AnteThink: “AnteThink reflects our commitment to leverage technology for practical impact. It aims to provide clarity and confidence in decision-making, whether in the professional or personal sphere. AnteThink is a tool that can empower startup founders, executives, and individuals to make more informed choices, alleviating the stress and uncertainty often associated with critical decision-making.”
Mostafa Ashour, CEO of Y Combinator-backed startup NowPay, shared his perspective on AnteThink: “AnteThink transformed our strategic planning, allowing us to explore various scenarios and prepare for different outcomes. It has strengthened our decision-making process, helping us navigate the complexities of the business landscape.”
AnteThink embodies TA Telecom’s commitment to innovation, focusing on supporting the startup ecosystem. The tool is tailored to help leaders and executives navigate the complexities of business management and strategic development by providing a clear picture of potential outcomes.
Key Features of AnteThink include:
1. Second Order Mode: Offering a comprehensive analysis of broader impacts, fostering a strategic mindset for long-term success.
2. Optionality Mode: Enabling detailed evaluation and comparison of different choices to ensure decisions align with strategic objectives and values.
3. Inversion Mode: Focusing on identifying and mitigating potential risks, thereby strengthening risk management strategies.
![TA Telecom Introduces AnteThink: A New AI Decision Support Tool for Enhanced Decision-Making](https://adigitalboom.com/wp-content/uploads/2024/01/antethink-screenshot-800x450.png)
Credit: Antethink
AnteThink’s advanced AI technology aims to assist decision-makers with insightful analytics, offering guidance through the decision-making process.
News
GoDaddy’s Global Markets VP Predicts Egypt’s E-commerce to Hit $9.88 Billion by 2028
![GoDaddy's Global Markets VP Predicts Egypt's E-commerce to Hit $9.88 Billion by 2028](https://adigitalboom.com/wp-content/uploads/2023/12/Selina-Bieber-the-Senior-Director-of-Global-Markets-at-GoDaddy.webp)
Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By 2028, it could reach $9.88 billion.
Godaddy is forming strategic partnerships and launching initiatives to help local entrepreneurs. These efforts align with Egypt’s digital transformation goals and its Vision 2030.
In an interview with the Arabic financial news “Amwal Al Ghad,” Bieber spoke about GoDaddy’s plans and how they match Egypt’s 2023 strategy. She highlighted the company’s aim to provide effective, easy-to-use digital tools and services. By 2024, GoDaddy wants to serve more customers in Egypt by making its digital tools more widespread.
The company is working closely with the Egyptian government, especially the Ministry of Planning. They are offering training programs to improve the digital skills of startups and existing businesses. GoDaddy’s services in Egypt include domain registration, web hosting, e-commerce solutions, and digital marketing tools.
Recent surveys support Bieber’s positive outlook for e-commerce in Egypt. They show a clear trend towards digital strategies among small businesses. Many are realizing the importance of having an online presence for their growth and success.
As GoDaddy continues its partnerships and supports government digital initiatives, its influence on Egypt’s digital landscape is growing. The company is committed to sustainability and reducing its carbon footprint. It aims not just for business growth but also to contribute to a sustainable and thriving digital economy in Egypt.
The 2028 projection indicates a vast potential for e-commerce, with GoDaddy playing a key role in this digital evolution.
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