ITIDA signs deal with UAE's MGN to expand operations in Egypt

STORY: ITIDA signs deal with UAE's MGN to expand operations in Egypt SHOOTING TIME: Feb. 13, 2024 DATELINE: Feb. 14, 2024 LENGTH: 0:00:30 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony STORYLINE: The Information Technology Industry Development Agency (ITIDA) and the UAE-based Mashreq Global Network (MGN) signed on Tuesday an agreement that aims to expand the latter's operations in the Egyptian market. The signing ceremony, which was held on the sidelines of the Egyptian participation in the World Governments Summit in Dubai, was witnessed by Egyptian Prime Minister Mostafa Madbouly and Minister of Communication and Information Technology Amr Talaat. Under the terms of the agreement, MGN commits to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement. These new hires will be primarily engaged in export activities related to banking business services. Moreover, MGN will expand its operations in Egypt including extending offsh

China achieves breakthrough in ocean thermal energy power generation

STORY: China achieves breakthrough in ocean thermal energy power generation DATELINE: Sept. 13, 2023 LENGTH: 00:01:14 LOCATION: GUANGZHOU, China CATEGORY: TECHNOLOGY SHOTLIST: 1. various of the device STORYLINE: Chinese scientists and engineers have completed an offshore test of an ocean thermal energy electricity generation device in the South China Sea. The 20 kW device, developed chiefly by the Guangzhou Marine Geological Survey (GMGS) under direct control of the China Geological Survey, has returned to Guangzhou, capital city of the southern Guangdong Province, after the test was completed. During the test, the device generated electricity for four hours and 47 minutes, reaching a maximum power output of 16.4 kW. "This offshore test verified the theoretical viability of the indigenously-developed ocean thermal energy power generation system, as well as its practicability, marking a crucial step in China's journey to develop and harness ocean thermal energy, from the land test stage to offsh