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Fin tech
Fin techNews
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Egypt Completes Africa’s First 6GHz Mobile Trial, Hitting 1.7Gbps SpeedsEgypt has completed what it says is Africa’s first mobile network trial using the upper 6GHz spectrum, reaching download speeds of around 1.7Gbps per user as regulators explore new frequencies capable of...
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AI Hackathon Kicks Off at Creative Innovation Hubs NationwideThe AI Hackathon has officially kicked off, bringing together students and recent graduates from across Egypt. The event is organized by Creativa Innovation Hubs and the Technology Innovation and Entrepreneurship Center (TIEC),...
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Erada Finance Adds Sahel to Digital Repayment Network as Fintech Push AcceleratesErada Finance Adds Sahel to Digital Repayment Network as Fintech Push Accelerates Cairo, August 18, 2026 – Erada Finance is expanding its digital payment infrastructure through a new partnership with Delta Egypt...
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CIRA Education’s Saxony Egypt University Partners with Labour Ministry to Bridge Egypt’s...CIRA Education’s Saxony Egypt University for Applied Sciences and Technology (SEU) has signed a cooperation protocol with Egypt’s Ministry of Labour to expand access to applied technology education and vocational training, with...
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Google Acquires Bankrupt Spirit Airlines Internal Operational Data for $10 Million to...Google is set to capitalize on an unconventional bankruptcy asset left behind by Spirit Airlines, having won an auction to acquire the defunct carriers vast internal operational data for $10 million. The...
TechnoTime Emirates
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UAE Fintech Mal Secures In-Principle Approval to Establish Licensed Bank After $230...UAE-based fintech Mal has secured in-principle approval from the Central Bank of the UAE to establish a licensed bank, moving the company closer to launching an AI-native Islamic digital banking platform targeting...
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Trump International Hotel amp; Tower Dubai Moves Ahead With Construction on Sheikh...Construction of the Trump International Hotel Tower Dubai is progressing in line with the approved schedule, advancing work on one of the latest ultra-luxury additions to the city’s rapidly evolving skyline. Rising...
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Ajman Real Estate Transactions Reach AED 1.65 Billion in July as Market...Ajman’s property market recorded AED 1.65 billion in real estate transactions during July 2026, extending the emirate’s strong run of activity as investor demand remained resilient across residential and investment properties. The...
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Ras Al Khaimah Draws AED 771.5 Million in New Investment in First...Ras Al Khaimah attracted AED 771.5 million in new investment during the first half of 2026, as the emirate continued to broaden its investor base and strengthen its position as an emerging...
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UAE and Egypt Agree Five-Year Expansion of Air Transport RightsThe United Arab Emirates and Egypt have agreed to gradually expand bilateral air transport rights over the next five years, opening the door to increased flight capacity and new opportunities for airlines...
Business
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BinDawood Holding Completes 51% Acquisition of Wonder Bakery for AED 114.8 MillionBinDawood Holding Company has announced the successful completion of all regulatory procedures and the formal transfer of shares related to its 51% acquisition of Wonder Bakery LLC. This finalizes the transaction initially...
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Schneider Electric Announces New Dates for MEA Innovation Summit 2026 in Abu...Schneider Electric, a global leader in energy technology, has announced the new dates for its Middle East and Africa (MEA) Innovation Summit 2026. Scheduled for September 15 and 16, 2026, at the...
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Furniture Export Council: 5% Export Growth in H1 2026 and a Comprehensive...Eng. Ihab Derias, Chairman of the Furniture Export Council (FEC), announced that Egypts furniture sector exports achieved a 5% growth from January to June 2026 compared to the same period last year....
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Qatar Post Launches UPI-Backed PosTransfer Remittance Service to India in Collaboration with...Qatar Post has officially launched a new cross-border money transfer service connecting the State of Qatar with the Republic of India. Developed in strategic partnership with India Post and the Universal Postal...
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Nestlé Leverages AI and Nutrition Science to Develop Products Targeting GLP-1 Weight-Loss...Swiss food and beverage giant Nestlé is seeking to turn the rapid rise of GLP-1 weight-loss drugs from an industry threat into a major commercial opportunity. The company is deploying artificial intelligence...
Technology
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Apple Expands US Manufacturing Footprint: Mac mini and AI Server Production Launch...Apple Inc. is expanding its domestic manufacturing operations in the United States, initiating production of its Mac mini desktop computers in Houston, Texas. The strategic move reflects the tech giants accelerated push...
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ITI Holds Capstone Project Evaluations for Digital IC Design GraduatesThe Information Technology Institute (ITI) has organized Digital IC Capstone Day: Bridging Academic Innovation and Industry Needs, a project evaluation event for students of the Professional Training Program in the Digital IC...
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MCIT, Ministry of Education Co-Organize Digi-Safe Program for Students, TeachersThe Ministry of Communications and Information Technology (MCIT), in collaboration with the Ministry of Education and Technical Education, is organizing the Digi-Safe program from August 10 to September 3, as part of...
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AI Efficiency Rises 18-Fold in 16 Months as Models and Hardware ImproveThe efficiency of running artificial intelligence models locally has increased sharply, with “Intelligence per Joule” rising about 18-fold over a 16-month period , according to a research study that analyzed more than...
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Visa and SF Express Hong Kong Partner to Enable Contactless Card Payments...Global digital payments leader Visa has partnered with SF Express Hong Kong Limited to expand contactless payment acceptance across door-to-door parcel delivery services. The collaboration enables consumers to settle shipping fees directly...
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MCIT, NTA Conclude Round One of ‘AI for Government Organization Leaders’ National...The Ministry of Communications and Information Technology (MCIT), in collaboration with the National Training Academy (NTA), has concluded the first round of the “AI for Government Organization Leaders” national initiative, drawing around...
Smart cities
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CAPMAS: 212,000 Housing Units Executed with EGP 245.3 Billion Investments During 2024/2025The Central Agency for Public Mobilization and Statistics (CAPMAS) issued today, Monday, August 17, 2026, the Annual Housing Bulletin in Egypt for the year 2024/2025. The report revealed a remarkable leap in...
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TMG Deepens Regional Expansion Across Saudi Arabia, Oman and IraqTalaat Moustafa Group Holding (TMG) is moving into a new phase of regional expansion across Saudi Arabia, Oman and Iraq, seeking to export the large-scale integrated community model that has underpinned its...
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TMG Posts EGP 219.1 Billion in H1 Sales as SouthMED and The...Talaat Moustafa Group Holding recorded EGP 219.1 billion in contracted sales during the first half of 2026, with a record second quarter underscoring continued demand across the developer’s portfolio in Egypt and...
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Bonyan’s Real Estate Portfolio Reaches EGP 16.5 Billion as H1 Operating Cash...Bonyan for Development and Trade increased the value of its real estate investment portfolio to EGP 16.51 billion by the end of June 2026, while stronger rental collections and asset sales helped...
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Talaat Moustafa Group (TMG) Targets $18.8 Billion in Sales from New Baghdad...Talaat Moustafa Group Holding (TMG) aims to generate approximately $18.8 billion in cumulative sales from its upcoming integrated urban project in Baghdad, Iraq. This landmark development highlights the Groups ambitious regional expansion...
Banks
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JPMorgan Chase Nears Historic $1 Trillion Market Cap MilestoneJPMorgan Chase is on the verge of recording a historic milestone in the global banking sector. As its market capitalization climbs to approximately $970 billion, the bank is now just a 3%...
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CBUAE 2025 Financial Stability Report Highlights Banking Sector Resilience as Assets Hit...The Central Bank of the UAE (CBUAE) has published its Financial Stability Report for 2025, affirming the robust health of the nations financial system. The report underscores the banking sectors strong performance,...
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Egyptian Exchange Executes 2.45 Billion EGP Block Trade on Commercial International Bank...The Egyptian Exchange (EGX) announced today the execution of a massive transaction on the shares of the Commercial International Bank (CIB) – Egypt, utilizing the markets Block Trading mechanism. The official EGX...
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Foreign Currency Rates Against the Egyptian Pound (EGP) – Saturday, August 15,...Foreign and Arab currency exchange rates showed stability against the Egyptian Pound (EGP) during trading on Saturday, August 15, 2026. The US Dollar maintained its levels, recording EGP 50.2400 for buying and...
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Housing and Development Bank (HDB) Renews Urgent Warnings on Data Confidentiality and...The Housing and Development Bank (HDB) has renewed its urgent warnings to all customers regarding the absolute necessity of maintaining the confidentiality of their banking and personal data. The bank emphasized the...
Fin tech
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Lime Consumer Finance Partners with Vertex Learning Solutions to Offer Flexible Educational...Lime Consumer Finance, a company specializing in educational financing in Egypt, has signed a strategic partnership with Vertex Learning Solutions, a specialized provider of educational technology and integrated learning services. The collaboration...
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BENEFIT Launches Digital Direct Debit Service to Streamline Digital Lending and Recurring...BENEFIT, the Kingdom of Bahrain’s leading innovator in fintech and electronic financial transactions, has announced the launch of its new Digital Direct Debit service. The initiative is part of the companys ongoing...
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Sahl Partners with Erada Finance to Enable Digital Loan Installment Payments via...Sahl, a leading Egyptian fintech and electronic payments company, has announced a strategic partnership with Erada Finance. The collaboration aims to allow Eradas clients to seamlessly pay their loan installments directly through...
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Al Ahly Momken Explores Digital Banking Launch, Targets Over EGP 300 Billion...Al Ahly Momken for E-Payments, a subsidiary of Al Ahly Capital for Payments, is currently studying the launch of digital banking services in the future. The initiative aims to advance financial inclusion...
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NVIDIA Backs OpenAI with $105 Billion in Financing Guarantees for Mega AI...NVIDIA plans to provide up to $105 billion in financing guarantees to back OpenAIs 20-year lease of a massive data center campus in Pike County, Ohio. The commitment represents one of the...
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Noon Payments: Back-to-School Season Drives Shift Towards Mobile Shopping, Digital Wallets, and...Noon Payments confirmed that the back-to-school season in the UAE, Saudi Arabia, and Egypt is witnessing a remarkable shift in consumer behavior, as families increasingly rely on mobile phones, digital wallets, and...
Cars
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Automotive Dealers Association Warns of 10–15% Spike in Egypt Car Prices Amid...Osama Abou El-Magd, Head of the Egyptian Automotive Dealers Association, has warned of a potential 10% to 15% increase in car prices across the domestic market in the coming period. The anticipated...
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Automakers Pivot to New Engine Oil Blends Amid Middle East Supply Crisis...Major global automakers, including Volkswagen, Stellantis, and Toyota, are increasingly turning to new blends of engine oils and lubricants to mitigate a severe supply shortage triggered by the ongoing conflict in the...
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Haval Jolion 2027 Starts at EGP 985,000 in Egypt After Latest Price...The locally assembled 2027 Haval Jolion Facelift is now priced from EGP 985,000 in Egypt after GB Auto introduced a EGP 35,000 increase across all three variants in August, putting the compact...
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SN Automotive to Launch Locally Assembled Dongfeng Mage EV in Egypt This...SN Automotive is preparing to launch the locally assembled Dongfeng Mage EV in Egypt in September, marking a significant step in the country’s push to build a domestic electric-vehicle manufacturing base. The...
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Uber Unveils $10 Billion Plan to Deploy 120,000 Autonomous Vehicles Across 15...In a massive pivot toward the future of mobility, Uber plans to inject over $10 billion in the coming years to rapidly expand its autonomous taxi fleet. The ride-hailing giant aims to...
cyber security
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Arab Security Conference Opens Voting for 2026 Cybersecurity Influencer AwardOrganisers of the 10th Arab Security Conference have opened public voting for the Arab Cybersecurity Social Media Influencer Award 2026, an initiative that recognises Arab content creators and cybersecurity professionals whose work...
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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...
Markets
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Ibnsina Pharma Invests EGP 579 Million in H1 as It Nearly Doubles...Ibnsina Pharma invested EGP 579 million during the first half of 2026 as Egypt’s largest pharmaceutical distributor accelerated spending on distribution centers, technology and logistics capacity to support continued market growth. The...
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Beltone Holding Shares Rise 3.7% in July, Market Value Nears EGP 33...Shares of Beltone Holding posted solid gains on the Egyptian Exchange during July, rising 3.7% over the month and adding nearly EGP 1.2 billion to the companys market capitalization. The stock closed...
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Gold Prices Slip in Egypt as 21-Karat Loses EGP 30 per GramGold prices edged lower in Egypt during Friday’s trading, with the widely traded 21-karat grade falling by around EGP 30 per gram amid weaker global bullion prices and subdued demand in the...
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Trump Media to Sell Wall Street Faster Access to Market-Moving Truth Social...Trump Media Technology Group is preparing to sell banks, hedge funds and algorithmic trading firms faster access to posts published on Truth Social, including messages from US President Donald Trump that can...
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IBM’s Historic Stock Rout Exposes a New Winner in the AI Spending...IBM’s worst trading day in nearly six decades delivered an unexpected signal to investors: the artificial intelligence boom is redirecting corporate technology budgets away from traditional software and services and towards scarce...
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PayPal Shares Surge as Stripe and Advent Launch $53 Billion Takeover BidPayPal shares recorded their strongest one-day gain on record after payments giant Stripe and private equity firm Advent International reportedly submitted a joint takeover proposal valuing the company at more than $53...
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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OPPO Opens Its Largest MEA Service Center in Egypt as It Expands...OPPO has opened a new Experience Center in Faisal, Giza, housing what the smartphone maker says is its largest service center in the Middle East and Africa, as the company steps up...
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OPPO Launches Reno16 Series in Egypt After Reno15 Drives 39% Sales GrowthOPPO has launched its new Reno16 smartphone lineup in Egypt, introducing three models — the Reno16, Reno16 Pro and Reno16 F — as the company looks to build on the strong local...
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Massive Battery, Rugged Build, and Easy Google Apps: Why the HUAWEI nova...Smartphone enthusiasts will agree that the new HUAWEI nova 15 Max is probably the most underrated phone of the year. It packs everything young users need to power through summer break. It...
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Power Without Limits: vivo Y500 Officially Launches in Egypt with the Largest-Ever...vivo Egypt today officially announced the launch of the all-new vivo Y500, the latest addition to its Y Series lineup that redefines what consumers can expect from an entertainment-focused smartphone. Combining vivos...
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OPPO Unveils Reno16 Series for Egypt, Expands Local Manufacturing and AI AmbitionsOPPO is set to launch its new Reno16 Series in Egypt on August 11, introducing a new generation of AI-powered smartphones while expanding its local manufacturing footprint as part of a broader...
تكنوتايم بالعربي
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«إم إن تي-حالًا» تعيد رسم خريطة التمويل في مصر بالذكاء الاصطناعي.. 500...لم يعد غياب التاريخ الائتماني يعني بالضرورة بقاء العميل خارج دائرة التمويل. فمع توسع استخدام الذكاء الاصطناعي وتحليل البيانات، بدأت المؤسسات المالية في بناء صورة أوسع عن قدرة العملاء على السداد، بما...
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«إي فاينانس» تستحوذ على «تمويلي» بالكامل في صفقة نقدية وتبادل أسهم للتوسع...وافقت مجموعة «إي فاينانس للاستثمارات المالية والرقمية» على الاستحواذ على كامل أسهم شركة «تمويلي للخدمات المالية»، في خطوة تنقل المجموعة إلى مرحلة جديدة من التوسع في الخدمات المالية غير المصرفية وتمويل المشروعات...
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التموين والإنتاج الحربي وجهاز مستقبل مصر يبحثون تعزيز التعاون لدعم المشروعات القومية...في إطار توجه الدولة لتعزيز التكامل بين مؤسساتها وتوظيف القدرات الوطنية، عقد الدكتور المهندس صلاح سليمان جمبلاط، وزير الدولة للإنتاج الحربي، اجتماعًا مع الدكتور شريف فاروق، وزير التموين والتجارة الداخلية، والدكتور بهاء...
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”قرة لمشروعات الطاقة والاستثمار” ترفع رأس مالها بقيمة 405 مليون جنيه وتفوز...القاهرةxxxx أعلنت شركة «قرة لمشروعات الطاقة والاستثمار» عن فوزها بتنفيذ الأعمال المتكاملة لإنشاء المصنع الجديد للشركة اليابانية يازاكي مصر للأنظمة الكهربائية (YAZAKI EDS Egypt)، إحدى شركات مؤسسة يازاكي العالمية المتخصصة في تصنيع...
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بنك قناة السويس يواصل تحقيق نتائج قوية خلال النصف الأول من 2026...حقق بنك قناة السويس صافي أرباح البنك تجاوز 3.6 مليار جنيه مصري بنهاية يونيو 2026 مقارنة بنحو 3.1 مليار جنيه مصري بنهاية يونيو 2025، محققًا نسبة نمو قدرها 17.7%، مدعومًا بزيادة صافي...