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NewsNews
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Dollar Rally Gains Momentum as Hawkish Fed Signals Strengthen Bullish BetsExpectations of further gains in the U.S. dollar are gathering pace as investors respond to increasingly hawkish signals from the Federal Reserve, reinforcing the currency’s appeal amid persistent inflation concerns and an...
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Egypt’s Simplified Tax Regime Offers Golden Opportunity for Startups, Finance Minister SaysEgypt’s simplified tax system represents a major incentive for startups and emerging businesses, creating a more supportive environment for entrepreneurship and innovation, according to Ahmed Kouchouk, Minister of Finance. Speaking during the...
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Egypt Launches National AI Initiative to Equip Government Leaders with Advanced Digital...Egypt’s Ministry of Communications and Information Technology (MCIT), in partnership with the National Training Academy (NTA), has launched the Artificial Intelligence for Government Organization Leaders National Initiative, aimed at equipping senior government...
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Gold Prices Continue to Fall in Egypt as 21-Karat Loses EGP10Gold prices in Egypt extended their downward trend on Friday, with 21-karat gold — the most widely traded in the local market — shedding EGP10 per gram amid weaker global bullion prices...
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Egypts Industry Ministry Issues Service Procedures for Factories Outside Industrial ZonesEgypts Ministry of Industry has announced new procedures governing the provision of services to industrial facilities located outside designated industrial zones, in implementation of Ministerial Decree No. 95 of 2026 aimed at...
TechnoTime Emirates
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Dubai Finance Brings Together Government and Academic Leaders to Explore the Future...Dubai’s Department of Finance organized the Innovation and Future Foresight Forum in Financial Management, bringing together a distinguished group of government officials, academic experts, and specialists to discuss emerging trends and innovative...
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How the Iran War Reshaped Gulf Energy Strategies and Turned Crisis Into...The 111-day conflict involving Iran has fundamentally altered the strategic calculations of oil and gas producers across the Gulf, providing a stress test that exposed vulnerabilities while accelerating efforts to strengthen energy...
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DP World Studies New Logistics and Distribution Projects in Egypt to Boost...DP World is exploring opportunities to establish new logistics and distribution projects in Egypt as part of its strategy to strengthen supply chains, support industrial growth, and enhance the country’s role as...
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Emirates Showcases Giant A380 at Berlin Air Show, Welcomes German Chancellor OnboardEmirates Airline drew significant attention at the International Aerospace Exhibition (ILA) Berlin 2026 after showcasing its flagship Airbus A380, which became one of the event’s most visited attractions and hosted high-profile national...
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Launch of Dhabi: The First Local Bank Designed to Attract the World’s...In a move that underscores Abu Dhabi’s growing ambitions to become a global wealth management hub, the emirate has announced the launch of Dhabi, the first locally established private bank dedicated exclusively...
Business
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Experts at Start 2026 Say Skills, Adaptability, and Hands-On Training Are Key...Developing practical skills, embracing lifelong learning, and building the ability to adapt to rapid technological change will be critical for young people seeking to thrive in the labor market of 2030, according...
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Thndr Tops Egypt’s Brokerage Firms with EGP 14.05 Billion in Trading Value...Digital investment platform Thndr emerged as Egypt’s leading brokerage firm in terms of trading value during the past week, recording transactions worth EGP 14.05 billion, according to the latest market rankings. The...
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Chemical Export Council Targets Africa, China, and Europe to Drive Trade and...hamdy Abdelrashid The Export Council for Chemical Industries and Fertilizers has unveiled a comprehensive expansion strategy designed to enhance market access across Africa, China, and Europe from 2026 to 2028. The roadmap...
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PM Madbouly Witnesses Launch of Egypts Foreign Trade Information Portal Packed with...The Egyptian government has officially launched the Foreign Trade Information Portal, the country’s largest integrated national platform for foreign trade intelligence, featuring over 60 million data records sourced from local and international...
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Nearshoring Pivot: Egypt Deploys Apparel Lobby to London and Manchester to Corner...hamdy Abdelrashid Egypt’s textile giants are making an aggressive play for post-Brexit supply chains. The Ready-Made Garments Export Council (RMGEC) has landed a high-level trade mission in the UK today, embedding 15...
Technology
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ITIDA and DXC Technology Launch ”Dandelion” Program to Empower Neurodivergent Tech Talents...The Information Technology Industry Development Agency (ITIDA), in partnership with DXC Technology, has officially launched the ITIDA–DXC Dandelion training and qualification program. This specialized initiative aims to empower neurodivergent individuals and equip...
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NSA Partners with Anthropic to Deploy Advanced ”Mythos” AI Model for Offensive...Recent reports indicate that the U.S. National Security Agency (NSA) has entered into a direct partnership with Artificial Intelligence firm Anthropic. The collaboration aims to leverage Anthropic’s advanced Mythos AI model to...
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XDI Report: Global Data Center Boom Expands Into High-Risk Climate ZonesA recent report by climate risk analytics firm XDI reveals that the global surge in data center construction is expanding rapidly into areas highly vulnerable to climate change, including severe flooding, extreme...
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SpaceX Appoints Venture Capital Legend Roelof Botha to Board Following Historic IPOSpaceX has announced the appointment of veteran investor Roelof Botha, the former Managing Partner of Sequoia Capital, to its board of directors. This marks one of the most significant executive moves inside...
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”FortiBleed” Cyber Campaign Compromises Tens of Thousands of Fortinet Devices Worldwide, Tech...Cybersecurity firms Hudson Rock and SOCRadar have uncovered a massive cyber attack targeting Fortinet firewalls and Virtual Private Network (VPN) services, exposing tens of thousands of organizations globally to data theft and...
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Intel Stock Jumps 6% After Trump Announces Landmark Chipmaking Pact with AppleIntel shares surged by nearly 6% in extended trading following an announcement by U.S. President Donald Trump regarding a new agreement between Apple and Intel to manufacture advanced electronic chips within the...
Smart cities
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Stake Launches StakePredict as Middle East’s First Sharia-Compliant Real Estate Prediction Market...Stake, the leading digital real estate investment platform in the MENA region, has officially unveiled StakePredict—the Middle East’s first-of-its-kind real estate prediction market. This innovative tool empowers investors to forecast future trends...
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Housing Minister Randa Al-Minshawi Reviews Draft Law Establishing the Egyptian Federation of...Eng. Randa Al-Minshawi, Minister of Housing, Utilities, and Urban Communities, convened a high-level meeting to review the latest developments regarding the draft law establishing the Egyptian Federation of Real Estate Developers. The...
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Al Ahly Sabbour’s Dina Attallah Named Among Forbes’ Most Powerful Marketing Leaders...Dina Attallah, Marketing Director at Al Ahly Sabbour Development, has been featured in Forbes’ prestigious list of the Most Powerful Marketing Leaders in the Middle East for the year 2026. Attallah has...
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ESLSCA University CEO Karim El-Hennawey Advocates for a Paradigm Shift Toward Applied...Karim El-Hennawey, Secretary-General and CEO of ESLSCA University, asserted that the education sector is undergoing a radical shift in the philosophy of knowledge delivery. He noted that the current era can no...
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Madinet Masr CEO Abdallah Sallam: Continuous Learning is a Strategic Asset for...Abdallah Sallam, CEO of Madinet Masr, asserted that modern organizations face a rapidly evolving reality driven by swift technological advancements and shifting business models. Consequently, investing in continuous learning and skill development...
Banks
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First Abu Dhabi Bank Appoints Ahmed Shahin as AVP of Wholesale amp;...Hamdy Abdelrashid Seasoned banking executive Ahmed Shahin has officially joined First Abu Dhabi Bank (FAB) in the Kingdom of Saudi Arabia, stepping into the role of Assistant Vice President (AVP) – Wholesale...
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Egyptian Pound Extends Rally as USD Drops to EGP 50.20 on June...The US Dollar (USD) maintained its downward trajectory against the Egyptian Pound (EGP) during Tuesday’s trading session, June 16, 2026, registering fresh declines across most commercial banks operating in the domestic market....
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CBE: Egyptian Remittances Surge 33.2% to Record $39.2 Billion in First 10...hamdy Abdelrashid The Central Bank of Egypt (CBE) has announced a substantial 33.2% increase in remittances from Egyptian expatriates during the first ten months of the current fiscal year (FY) 2025/2026. Inflows...
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HDB Approves CEO Hassan Ghanem’s Resignation; NBE’s Yehia Abou El-Fotouh Nominated as...The Board of Directors of the Housing and Development Bank (HDB) has officially accepted the resignation of Hassan Ghanem from his position as Chief Executive Officer and Managing Director. In a regulatory...
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CBE Governor Hassan Abdalla and Tunisian Counterpart Discuss Monetary Cooperation and Financial...Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), received Fethi Zouhair Nouri, Governor of the Central Bank of Tunisia, yesterday, Sunday, at the CBE headquarters to explore avenues of mutual...
Fin tech
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Start 2026 Opens with 250 Companies and 3,000 Training Scholarships to Empower...Egypt’s Start 2026 Summit officially kicked off at the Grand Egyptian Museum on Friday, bringing together 250 companies and institutions and offering 3,000 training scholarships as part of a nationwide effort to...
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Suhoola and Vodafone Egypt Launch Exclusive Zero-Interest Installment OfferEgyptian consumer finance company Suhoola has partnered with Vodafone Egypt to introduce an exclusive financing program that allows customers to purchase smartphones and electronic devices through installment plans of up to 48...
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B-TECH and Souhoola Launch Exclusive 18-Month Zero-Cost Consumer Financing Campaign Across Egypthamdy Abdelrashid Egypt’s leading consumer electronics and home appliances retail corporation, in partnership with the digital consumer financing platform Souhoola, has officially announced a high-value, flash promotional campaign designed to streamline household...
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valU Prepaid Card activation, MENA FinTech spending rails, Consumer liquidity solutions Egypt,...hamdy Abdelrashid valU, the MENA region’s leading FinTech and consumer lifestyle enabling platform, has officially announced a targeted promotional push for its standalone valU Prepaid Card, optimized to streamline consumer spending ahead...
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Dream 2000 and Klivvr Launch Exclusive 15-Month Interest-Free BNPL Campaign Across Egypthamdy Abdelrashid Dream 2000, the leading Egyptian consumer electronics and smartphone retail chain, in collaboration with the FinTech digital payments application Klivvr, has officially announced a high-value, time-sensitive consumer financing campaign across...
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Sahl Digital Payments App Rolling Out EGP 200 Cashback Incentive on Utility...Sahl, the Egyptian digital payments and consumer FinTech application, has officially launched a new targeted financial incentive to drive electronic bill settlement and streamline household expenditure management. Under the promotional initiative, users...
Cars
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Egypt Targets $100 Billion in Exports While Positioning Itself as a Regional...Egypt is pursuing an ambitious strategy to transform itself into a regional center for automotive manufacturing and boost exports to $100 billion by 2030, supported by unprecedented incentives for investors and a...
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Egypt to Launch Sovereign Industrial Fund and Position Itself as a Regional...Egypt is preparing to launch a sovereign fund dedicated to supporting the industrial sector and attracting international manufacturers, as the government intensifies efforts to transform the country into a regional automotive production...
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GB Corp CHRO George Sedky Announces EGP 5 Billion Automotive Plant in...George Sedky, Chief Human Resources Officer (CHRO) at GB Corp, announced that the company is preparing to inaugurate a new automotive manufacturing plant in Sadat City. Backed by an investment of EGP...
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Tesla Delays Highly Anticipated Roadster Unveiling to August Amid Ongoing SpaceX Tech...Tesla has announced the postponement of the highly anticipated presentation of its electric sports car, the Roadster, to August or later. This move adds another chapter to a long series of delays...
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Rising Spare Parts Costs Push Motor Insurance Compensation Higher by Up to...Egypt’s motor insurance market is witnessing a noticeable increase in compensation costs during 2026, driven primarily by rising spare parts prices and the return of “overprice” practices in the automotive sector, according...
cyber security
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Kaspersky Study Finds Nearly Half of Tech-Enabled Abuse Victims Know Their PerpetratorsNearly one in two victims of technology-facilitated abuse have been targeted by someone within their own social circle, according to the second installment of a new global report released by Kaspersky, highlighting...
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Kaspersky Study: Parents Who Share More Online Are Less Motivated to Practice...Parents who frequently share photos, videos, and personal information about their children on social media are less likely to be motivated to adopt digital safety measures, according to a new study conducted...
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Huawei Watch Face Program Partners with Ajman University to Develop Emerging Digital...Huawei Watch Face (MEA) has partnered with Ajman University to launch a designer cultivation and recruitment initiative aimed at developing emerging digital talent and expanding opportunities for creators within Huaweis smartwatch ecosystem...
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JATDEV Targets Expansion with Huawei Cloud Across Financial and Government Sectors Within...Company Plans Regional Expansion into Gulf and Arab Markets by 2028 JATDEV is planning to deepen its strategic partnership with Huawei Cloud over the next two years as part of an...
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Kaspersky warns of “gray” scam websites exploiting user trusRecent research by Kaspersky has shown that the so-called “gray” websites repeatedly target all world regions, and this may be driving both financial loss and large-scale data harvesting. Gray websites are deceptive...
Markets
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El Araby Group Named Among Forbes Middle East’s Strongest Arab Family Businesses...Egypt’s El Araby Group has secured a place on Forbes Middle East’s list of the Top 100 Arab Family Businesses for 2026, reaffirming its position as one of the region’s most influential...
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Amazon Egypt Announces Prime Day Return from June 24-30, Backed by HarrisX...Amazon Egypt today officially announced the return of its annual Prime Day shopping event, scheduled to run from June 24 to June 30, 2026. The week-long campaign kicks off the summer season...
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Yahya Abu El-Fotouh appointed CEO and Managing Director of the Housing and...The Housing and Development Bank announced that Hassan Ghanem has submitted his resignation from his position as CEO and Managing Director, effective June 30, 2026. The bank explained that its Board of...
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A strategic partnership agreement was signed between Dal Developments and Mahara, led...DAL Developments, a real estate development company, announced a strategic partnership with Mahara, a company specializing in the development and management of sports and entertainment facilities, led by former world squash champion...
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Sami Qalini: Survival belongs to those who are most truthful in delivery...Engineer Sami Qaliny, an expert in real estate development, emphasized that in the real estate market, promises alone are no longer sufficient. With increased competition and a proliferation of projects, clients have...
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BLOC project by Bin Salem Developments: An investment model that combines strategic...Bin Salem Developments’ BLOC project continues to attract investor interest in the New Administrative Capital, thanks to a combination of advantages including a strategic location, significant construction progress, flexible payment plans, and...
Ai
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Facebook ranks worst for online harassmentA new global survey has found Facebook to be the leading platform for online abuse targeting land and environmental defenders, with over 90 percent of respondents reporting some form of digital harassment....
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Madrid puts a stop to screens in classroomsThe Community of Madrid has decided to set limits on screen use in the earliest stages of education. The new decree, which will come into effect in the 2025/26 academic year, introduces...
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More than 600,000 accounts linked to predatory behavior-cnbc- on Wednesday introduced new safety features for teen users, including enhanced direct messaging protections to prevent exploitative content. Teens will now see more information about who they re chatting with, like...
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Dubai launches world’s first icon classification for Human–Machine Collaboration for AI transparencyDubai launches world s first icon classification for Human Machine Collaboration for AI transparency Dubai has launched the world s first Human-Machine Collaboration Icons - a system that makes visible the invisible,...
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YouTube wipes out thousands of propaganda channels linked to China, Russia, othersGoogle announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China, Russia and more in the second quarter. The takedown included more than...
Mobiles
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realme Celebrates Brand Ambassador Emam Ashour’s Viral World Cup Goalrealme, the world’s fastest-growing smartphone brand in Egypt, is celebrating a historic moment as its Brand Ambassador, Emam Ashour, scored Egypt’s first goal in the FIFA World Cup 2026, a moment that...
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vivo Unveils All-New Pro Video Mode on Flagship vivo X300 Ultra to...hamdy Abdelrashid vivo has officially rolled out its next-generation Pro Video Mode featured natively on the newly debuted vivo X300 Ultra. Engineered to bridge the gap between smartphones and dedicated cinema cameras,...
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Huawei Cloud and Thndr Sign MoU to Accelerate Fintech Innovation in Egypt...Reinforcing its commitment to shaping the next generation of digital investment platforms, Huawei Cloud has signed a Memorandum of Understanding (MoU) with Thndr, one of Egypt’s leading digital investment platforms, on the...
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realme Launches 16 Series in Egypt, Bringing AI-Powered Photography and Flagship Performance...realme has officially launched its new realme 16 Series in the Egyptian market, introducing the flagship realme 16 Pro+ and realme 16 Pro as part of its strategy to strengthen its presence...
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HUAWEI Announces Pre-Orders for HUAWEI WATCH FIT 5 in Egypt with Flexible...HUAWEI has opened pre-orders for the HUAWEI WATCH FIT 5, its newest generation of the renowned series designed to deliver enhanced comfort, stability, and a precise health tracking and comprehensive fitness experience....
تكنوتايم بالعربي
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Emirates NBD Launches Integrated Rewards Hub via ENBD X App to Revolutionize...Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has officially announced the launch of its all-new Rewards Hub within the ENBD X mobile banking...
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رئيس مجموعة باساب: الذكاء الاصطناعي أصبح جزءًا أساسيًا من منظومة التصنيع بالمجموعةكشف المهندس شريف الصياد، رئيس مجموعة باساب، عن بدء تطبيق تقنيات الذكاء الاصطناعي داخل المصانع التابعة للمجموعة، بهدف رفع كفاءة التشغيل وتحسين تقييم الأداء داخل خطوط الإنتاج. وقال، إن المجموعة بدأت استخدام...
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الصياد: نستهدف تصنيع سيارة كهربائية للشباب بسعر 500 ألف جنيهقال المهندس شريف الصياد، رئيس مجموعة باساب، أن المجموعة تعمل حاليًا على دراسة تصنيع سيارة كهربائية صغيرة مخصصة للشباب، بسعر يستهدف الوصول إلى نحو 500 ألف جنيه، في إطار التوسع في وسائل...
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شركة الأمل الشريف للبلاستيك بروتوكول تعاون مشترك مع شركة النصر للتصدير والاستيراد...في إطار تعزيز التعاون الإقليمي ودعم التوسع في الأسواق الإفريقية، وقّعت شركة الأمل الشريف للبلاستيك بروتوكول تعاون مشترك مع شركة النصر للتصدير والاستيراد (جسور) وذلك بهدف توحيد الجهود في مجالات التصنيع والتسويق...
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PayTabs تستحوذ على TAPn’GO لتعزيز المدفوعات اللاتلامسية في المنطقةأعلنت مجموعة PayTabs، إحدى شركات قائمة Future 100 والرائدة الحائزة على جوائز في مجال تنسيق الدفع في منطقة الشرق الأوسط وشمال إفريقيا، اليوم عن إتمام صفقة استحواذ كبرى أخرى. حيث استحوذت على...