“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

Egypt, Huawei discuss transforming Egypt's electricity grid into a smart grid

Egypt and Chinese tech company Huawei on Thursday discussed the gradual transformation of Egypt's electricity grid into a smart grid, Egypt's Ministry of Electricity and Renewable Energy said.

Egypt, Huawei discuss transforming Egypt's electricity grid into a smart grid

The minister in charge, Mohamed Chaker, thus met in Cairo with the regional president of Huawei, Li Jiguang, where they approached this project, indicated the ministry in a press release, specifying that this meeting was part of the projects of the Egypt aiming to develop its energy sector using the most advanced technologies.

Mr. Chaker welcomed on this occasion the Sino-Egyptian cooperation on several major projects, while saying he wanted to cooperate more with China in order to benefit from its expertise and technological progress.

"The vision for the future of the Egyptian power sector rests on the gradual transformation of the current conventional grid into a smart grid that could help absorb the large amounts of electricity generated," the minister said. 

Mr. Li, Huawei president for North Africa, praised the rapid and remarkable development of the projects implemented by the Egyptian ministry to establish a solid infrastructure as well as a smart grid supported by digital transformation.

He added that despite the challenges his company faced in the first half of 2020, it had managed to grow its revenue, which shows Huawei's strength and stability amid global challenges.

Last February, Huawei and the Egyptian Ministry of Higher Education and Scientific Research discussed training projects to develop the skills of Egyptian students specializing in information and communication technologies (ICT).