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Fin tech
TechnologyNews
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Agricultural Bank of Egypt Receives 464,000 Tons of Wheat Worth EGP 7.2B...The Agricultural Bank of Egypt (ABE) has received approximately 464,000 tons of domestic wheat during the first month since the launch of the local wheat procurement season on April 15. This marks...
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QNB Egypt Leads EGP 11.98 Billion Syndicated Loan to Finance East Port...QNB Egypt announced the successful arrangement of a medium-term syndicated loan worth EGP 11.98 billion for Kased Khair for General Supplies and Contracting to finance a major infrastructure development project at East...
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Shark Tank Investors and Selling Partners Get an Exclusive Look Inside Amazon...Shark Tank Investors and Selling Partners Get an Exclusive Look Inside Amazon Egypt’s Fulfillment Center Amazon Egypt hosted an exclusive behind-the-scenes tour of its Fulfillment Center for Shark Tank investors and...
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Epson Wins 2026 Scanner Line of the Year Award from Keypoint IntelligenceEpson Wins 2026 Scanner Line of the Year Award from Keypoint Intelligence Seiko Epson Corporation (“Epson”) is pleased to announce that it has been awarded the...
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Egypt to Deploy AI Technologies in 2027 Population Census as ICT Ministry...Raafat Hindi, Egypt’s Minister of Communications and Information Technology, held talks with Akram Ahmed El-Gohary to discuss cooperation on Egypt’s 2027 General Population, Housing, and Establishments Census, alongside broader efforts to accelerate...
TechnoTime Emirates
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UAE Gold Sector Expands to 6,213 Companies and 53 Refineries Amid Strong...The UAE’s gold industry continues to strengthen its global standing, with the country now home to 6,213 companies operating across the gold and precious metals sector, in addition to 53 gold refineries,...
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Dubai Real Estate Transactions Hit AED 6.28 Billion in One Day Amid...Dubai’s real estate market recorded exceptionally strong activity this week, with total property transactions soaring to AED 6.28 billion in a single day, driven primarily by a sharp rise in large-scale mortgage...
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UAE Banking Sector Assets Exceed AED 5.55 Trillion in Q1 2026The UAE banking sector continued its strong growth trajectory during the first quarter of 2026, with total banking assets surpassing AED 5.55 trillion by the end of March, reinforcing the country’s position...
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Empower Reports AED 208 Million Net Profit in Q1 2026 as Revenue...Emirates Central Cooling Systems Corporation PJSC (Empower) reported strong financial results for the first quarter of 2026, posting net profit after tax of AED 208 million, marking a 44% year-on-year increase compared...
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Dubai Homeowners Holding Properties Longer, Matching Ownership Trends in London and New...Homeowners in Dubai are increasingly holding onto their properties for longer periods, with ownership patterns now resembling those seen in major global cities such as London and New York, according to a...
Business
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Trojan Holding and Orascom Construction Form Joint Venture ”Everwater” to Execute Regional...Orascom Construction PLC and Trojan Holding have signed a definitive joint venture agreement to incorporate Everwater Treatment Systems, an Abu Dhabi-based infrastructure vehicle designed to capture high-yield water-treatment assets across the Middle...
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Egyptian Investors Federation: Partnership Between Private Sector and Universities Is Key to...The Egyptian Federation of Investors Associations, chaired by Moharram Helal, praised the government’s strategy — represented by the Ministries of Industry and Higher Education and Scientific Research — aimed at strengthening cooperation...
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Raya Smart Buildings and Lars Developments Launch New “EDGE Innovation Center” Branch...Raya Smart Buildings and Lars Developments announced the launch of a new branch of “EDGE Innovation Center” at Cove Mall in New Cairo, marking the third expansion for the brand following the...
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Mamp;P Group to Host Mosaic International Strategic Affairs Forum in Cairo Alongside...M P Group announced that it will host the seventh edition of the Mosaic International Strategic Affairs Forum in Cairo from 3 to 5 June 2026, coinciding with the group’s 10th anniversary...
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Egypt’s Food Exports to Saudi Arabia Surge 15.3% in 2025, Reaching $563.8...Egypt’s food processing industry is witnessing a robust expansion in the Gulf, with exports to Saudi Arabia hitting $563.8 million in 2025, up from $489.1 million in 2024. According to the Egyptian...
Technology
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Oriental Weavers Launches Unified Digital Platform to Drive E-Commerce Growth Across the...Oriental Weavers Launches Unified Digital Platform to Drive E-Commerce Growth Across the Group Cairo –May 2026 – Oriental Weavers, the world’s leading manufacturer of woven carpets, today unveiled its upgraded e-commerce...
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Tech Giants Annual Developers Conference Kicks Off with Major AI and Android...The annual developers conference of the global tech giant kicked off today amid widespread anticipation for major updates spanning artificial intelligence, operating systems, and smart hardware. The two-day event is widely regarded...
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United Foods’ ”Talqema” Project Selected to Join Global Incubator Gemini AfricaIn a move highlighting the growing innovative capabilities of Egyptian industry in Upper Egypt, the Talqema project, owned by the United Foods factory, has been officially selected to join the global business...
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Amazon Launches ”Alexa Podcast” AI Feature for Alexa Plus Subscribers in the...Amazon has announced the launch of a new feature within its Alexa Plus smart assistant ecosystem, enabling users to generate AI-driven audio podcasts on almost any topic within minutes, requiring no prior...
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Egypt’s NTRA Projects EGP 14B Net Profit for FY 2026/27; Rejects Exam-Related...National Telecom Regulatory Authority Chief Executive Engineer Mohamed Shamroukh confirmed that internet services will not be suspended during Egypt’s upcoming high school examinations, stressing that the country is committed to respecting international...
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Private Hyperscaling: SpaceX Share Tender Capitalizes on Surge in Pre-IPO Liquidity and...A structured secondary share tender executed by SpaceX has attracted deep institutional buy-side volume, validating a macro trend where sovereign and private equity funds concentrate capital into elite, non-public technology monopolies rather...
Smart cities
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Hassan Allam Properties Unveils HAPTOWN Commercial Destination, Bringing a New Pulsing Heart...Hassan Allam Properties (HAP), one of Egypt’s leading developers of integrated mixed-use destinations, has announced the launch of its first mixed-use development inclusive of a commercial, retail, and healthcare hub as Mostakbal...
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JUZUR Commences Construction Work on Neo Commercial Project in New CairoJUZUR, one of Egypt’s and the region’s leading real estate developers, has announced the commencement of construction work on its modern commercial project “Neo” in the heart of New Cairo. The project...
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Amer Group Holding Q1 2026 Net Profit Surges 500% to EGP 90.16...The consolidated financial statements of Amer Group Holding (Amer Group) for the first quarter of 2026 revealed strong profit growth, driven by higher revenues and improved gross and operating profit margins. The...
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Raya Smart Buildings and LARZ Developments Open New “EDGE Innovation Center” Branch...“Raya Smart Buildings” and “LARZ Developments” Announce the Opening of a New Branch of “EDGE Innovation Center” at Cove Mall in New Cairo Following the opening of EDGE’s second branch in the...
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Egyptian-Emirati Alliance Launches VIE COMMUNITIES with Investments Exceeding EGP 150 BillionA major Egyptian-Emirati real estate alliance has officially launched VIE COMMUNITIES, unveiling an ambitious investment strategy targeting Egypt’s rapidly expanding property market through projects exceeding EGP 150 billion in New Cairo. Strategic...
Banks
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Housing and Development Bank Total Assets Grow 6.8% to EGP 245.3 Billion...Housing and Development Bank (HDB) continued to achieve strong growth rates in its total assets and credit portfolio during the first quarter of 2026. This performance aligns with the banks expansion strategies...
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QNB Egypt leads EGP 11.98 billion syndicated loan for strategic East Port...QNB Egypt leads EGP 11.98 billion syndicated loan for strategic East Port Said infrastructure project CAIRO, Egypt – May 19, 2026 – QNB Egypt, a subsidiary of QNB Group, announced the successful...
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HSBC Launches $4 Billion Funding Program to Support Global Expansion of Chinese...British banking giant HSBC has launched a new $4 billion financing program aimed at supporting the international expansion of Chinese companies operating in clean technology and sustainable transformation sectors. The move reflects...
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QNB Egypt Becomes First Bank in Egypt to Earn Dual ISO CertificationQNB Egypt announced that it has obtained the internationally recognized ISO 9001:2015 and ISO 10002:2018 certifications, becoming the first financial institution in Egypt to secure both accreditations through a single integrated audit...
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EGBANK Total Assets Rise to EGP 158.3 Billion in Q1 2026 as...The periodic condensed consolidated financial statements of the Egyptian Gulf Bank (EGBANK) revealed that total assets rose to EGP 158.357 billion by the end of March 2026, compared to EGP 142.556 billion...
Fin tech
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Basata App Integrates Apple Pay to Deliver Seamless, Secure Transactions for iOS...Basata, a leading digital payment and FinTech platform in Egypt, has officially announced the integration of Apple Pay into its mobile application. This new feature enables Apple device users to execute financial...
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Souhoola App Launches 24-Month Interest-Free Installment Campaign with Major Tech and Retail...Souhoola, a leading consumer finance and instant-payment platform in Egypt, has officially launched a limited-time promotional campaign offering flexible payment plans with zero down payment, 0% interest, and waived administrative fees. The...
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Egyptian Exchange Executes EGP 6.5M Transaction on Contact Financial Holding Shares Under...The Egyptian Exchange (EGX) announced today the execution of a block transaction on the shares of Contact Financial Holding, frameworked within the company’s staff reward and incentive scheme. The EGX clarified in...
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Fawry Targets Up to 39% Top-Line Revenue Acceleration, Capitalizing on Fintech InnovationFawry Group has issued a forward-looking financial outlook, with Chief Executive Officer Eng. Ashraf Sabry forecasting a top-line revenue expansion reaching up to 39% in the upcoming operational cycle. The corporate guidance...
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Mastercard Expands African Footprint with Strategic Entry into Mozambique’s Cash-Dominant MarketMastercard has announced a new operational expansion into the Mozambican market, marking another step in its broader strategy to capitalize on the accelerating transition toward digital financial services across the African continent....
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Fawry’s MSME Loan Portfolio Grows 35.1% to Exceed EGP 3.14 Billion in...Fawry for Banking Technology and Electronic Payments announced sustained strong momentum across its micro, small, and medium enterprise (MSME) lending activities. The company’s total outstanding loan portfolio crossed EGP 3.144 billion by...
Cars
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FutureTECH by Raya and XPENG Conclude Egypt’s First EV-Focused Accelerator ProgramFutureTECH by Raya, the innovation arm of Raya Holding, has successfully concluded its inaugural accelerator program dedicated to the Electric Vehicle (EV) and smart mobility sector. In partnership with Raya Auto (the...
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School Mobility Unicorn Zūm Hits $1.7B Valuation Following $100M Strategic InvestmentZūm, the AI-driven leader in modern student transportation, has secured $100 million in a new strategic funding round, catapulting its valuation to $1.7 billion. This latest injection brings the company s total...
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Tesla Deploys Fully Autonomous Robotaxis in Dallas and Houston Ahead of Q1...Tesla Inc. has officially launched its fully autonomous robotaxi service in Dallas and Houston, marking its first major expansion outside of Austin and the San Francisco Bay Area. This strategic move comes...
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China Tightens Grip on Autonomous Driving Tests Following Baidu ”Apollo Go” Incident...Chinese regulatory authorities have issued new directives mandating comprehensive safety reviews for all smart and connected vehicle testing across the country. The move comes in response to a widely publicized technical glitch...
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Lucid Group Secures $750M in New Funding; Partners with Uber to Deploy...Lucid Group has announced a major capital infusion and a strategic expansion of its partnership with Uber, backed by an additional investment from Ayar Third Investment Company, a subsidiary of Saudi Arabia...
cyber security
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Kaspersky shares 5-step safety action plan on what to do when you...As the major sport and music events kick off and holiday travel peaks, the rate of lost and stolen phones spike. But when your device vanishes – in a crowded stadium, a...
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Kaspersky discovers vulnerability in Qualcomm Snapdragon chips that can lead to data...Kaspersky ICS CERT discovered a hardware-level vulnerability affecting Qualcomm chipsets that are widely used in a range of consumer and industrial devices, including smartphones and tablets, car components, IoT devices and more....
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Online scam exposure remains widespread in Egypt despite high levels of self-assurance,...Kaspersky recent survey highlights considerable gap between consumers confidence in identifying online scams and their actual exposure to cyber threats. According to the findings, 28% of respondents in Egypt reported encountering an...
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Kaspersky warns of digital medicine risks on the occasion of World Health...On World Health Day, Kaspersky warns of risks tied to the digitization of healthcare and use of telemedicine. Recent incidents show that medical services can be breached, and as a result, medical...
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Kaspersky Links Coruna Exploit Kit to Updated Operation Triangulation FrameworkKaspersky has revealed that the recently identified Coruna exploit kit is a direct and updated iteration of the framework used in the highly sophisticated Operation Triangulation cyber-espionage campaign, according to new findings...
Markets
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Archist Design Studio is handling the design of the D.mile Zayed project.Archist Design Studio has announced its involvement in designing the architectural and interior designs for the D.mile Zayed project in Sheikh Zayed City, developed by District 4 Developments with investments reaching EGP...
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New cities authorities are carrying out large-scale campaigns to remove encroachments and...In line with the directives of Engineer Randa El-Menshawy, Minister of Housing, Utilities, and Urban Communities, to continue decisively addressing all forms of encroachment and building violations, and to preserve the civilized...
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Dr. Ahmed Saqr: Generation Z accounts for approximately 55% of transactions on...Dr. Ahmed Saqr, CEO of the “Farida Real Estate Technology” platform, confirmed that Generation Z has become the most influential demographic on the platform since its launch, accounting for nearly 55% of...
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Convoy Real Estate Development continues to strengthen its position in the Egyptian...Convoy Real Estate Development continues to solidify its position in the Egyptian real estate market by offering a comprehensive real estate experience that combines prime locations, diverse projects, and high-quality construction, along...
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Sky Innovo Developments launches Park St. Signature… Office units with an integrated...Sky Innovo Developments, the developer of Citystars Park St., has announced the launch of Park St. Signature, the first phase of the project. This phase is a fully integrated business complex designed...
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Amin Siraj: The real estate market needs a unified entity that ensures...Eng. Amin Serag, Managing Director of Hyde Park Real Estate Development, affirmed that the proposal to establish a unified entity for real estate developers represents a significant step towards reorganizing the Egyptian...
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 Reinvents the “Powerful Partner” Experience with the new realme P4 Seriesrealme Reinvents the “Powerful Partner” Experience with the new realme P4 Series Cairo, Egypt ,19th May 2026 – realme, the world’s fastest-growing smartphone brand in Egypt, announced the latest evolution of...
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Samsung highlights Galaxy S26 Ultra and Galaxy Buds4 Pro as ideal companions...Samsung highlights Galaxy S26 Ultra and Galaxy Buds4 Pro as ideal companions for Eid Al-Adha celebrations CAIRO – May 18, 2026 – Samsung Electronics showcased how its latest devices, the Samsung Galaxy...
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Huawei Reasserts Global Dominance with ”All-Scenario Intelligence” Launch in BangkokIn a high-impact global event themed Now Is Your Spark, Huawei officially unveiled its latest suite of flagship and ecosystem products, signaling a strategic push toward All-Scenario Intelligence. The launch featured the...
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realme rolls out “Real Champion” activations across Egyptian universities to inspire student...realme announced the successful launch of its “Real Champion” activation across two of Egypt’s leading universities: Cairo University from April 22 to 23, and Ain Shams University from April 27 to 28....
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HONOR Announces Pre-Orders for HONOR 600 Series, Redefining Flagship-Level Performance in Its...With a 200MP AI Night Camera, Snapdragon flagship performance, AI Image to Video 2.0, and all-day battery life, HONOR elevates the premium mid-range experience HONOR, a global AI device ecosystem company,...
تكنوتايم بالعربي
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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...
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مصر تطلق النسخة الخامسة من جائزة مصر للتميز الحكومي بـ 15 فئة...أعلنت جائزة مصر للتميز الحكومي عن إطلاق دورتها الخامسة لعام 2026في إطار مواصلة دعم جهود الدولة المصرية لترسيخ مبادئ التميز المؤسسي، ورفع كفاءة المؤسسات العامة، وتطوير الخدمات الحكومية، وتسليط الضوء على الكوادر...