Image compression techniques are widely used in 2D and 3D image and video sequences. There are many types of compression techniques and among the most popular are JPEG and JPEG2000. In this research, we introduce a new compression method based on applying a two level Discrete Wavelet Transform (DWT) and a two level Discrete Cosine Transform (DCT) in connection with novel compression steps for high-resolution images. The proposed image compression algorithm consists of 4 steps: 1) Transform an image by a two level DWT followed by a DCT to produce two matrices: DC- and AC-Matrix, or low and high frequency matrix respectively; 2) apply a second level DCT to the DC-Matrix to generate two arrays, namely nonzero-array and zero-array; 3) apply the...