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Rebar Prices in Egypt Stabilize for August 2026 Sales Following Recent DeclinesRebar (steel reinforcement) prices in the domestic market have witnessed relative stability across most steel mills. According to the newly announced sales prices for August, rates remain largely unchanged compared to July,...
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ICT Minister, Systems Limited Discuss Expansion, Transforming Egypt Office into Major Global...Minister of Communications and Information Technology Raafat Hendy has met with CEO and Managing Director of Systems Limited Asif Peer to discuss the company’s expansion plans in Egypt and efforts to grow...
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Foodics Wraps Up Third “Foodics Folks” Internship Program to Prepare Egypt’s Future...Foodics, a leading restaurant management and fintech solutions provider in the Middle East and North Africa, has concluded the third edition of its annual Foodics Folks summer internship program, expanding its efforts...
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FRA Closely Monitors Premium Healthcare Group, Rules Reconciliation Request Over Misappropriation Claims...The Financial Regulatory Authority (FRA) has affirmed its ongoing monitoring of the Premium Healthcare Group file, announcing the latest developments regarding the companys Ordinary General Assembly scheduled for August 25, 2026. This...
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Washington State Wildfires Scorch Over 250,000 Acres, Triggering Mass Evacuations and Power...Wildfires that have scorched over a quarter of a million acres across Washington state have prompted widespread evacuations and widespread power outages in the Spokane area, state officials announced late Saturday. During...
TechnoTime Emirates
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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...
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Dubai Property Transactions Near AED 500 Billion in Seven MonthsDubai’s real estate market moved closer to the AED 500 billion mark in total transactions during the first seven months of 2026, extending the sector’s strong performance despite wider geopolitical and economic...
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FAB’s Pre-Tax Profit Climbs to AED 13.2 Billion as Net Earnings Edge...First Abu Dhabi Bank reported a profit before tax of AED 13.20 billion for the first half of 2026, up 3% from a year earlier, as stronger interest income, lending growth and...
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Emirates Islamic Posts AED 1.7 Billion Net Profit in First Half of...Emirates Islamic reported a net profit of AED 1.7 billion for the first six months of 2026, supported by sustained growth in income, customer financing and deposits, alongside disciplined cost management. The...
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Mubadala Capital Opens Blockchain-Based Access to Private Markets FundMubadala Capital has partnered with Coinbase and digital infrastructure company KAIO to create a tokenized version of its private markets investment fund, offering eligible investors a new digital route into traditionally less...
Business
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Food Export Council: Successful Exporting Begins with Information, Market Research, and Capacity...hamdy Abdelrashid May Khairy, Executive Director of the Food Export Council (FEC), emphasized that successful exporting relies heavily on accurate information, comprehensive market research, and the thorough preparation of companies. Khairys remarks...
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2point0 Group Reports Robust H1 2026 Results, Posting AED 21.9 Billion in...2point0 Group, a premier investment holding company headquartered in Abu Dhabi and listed on the Abu Dhabi Securities Exchange (ADX), has reported significant financial and strategic growth during the first half of...
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India’s Primetrace Targets $500 Million Valuation in New Funding RoundIndia’s Primetrace Targets $500 Million Valuation in New Funding Round BENGALURU — Indian social technology startup Primetrace Technologies is in advanced talks to raise $50 million in fresh funding, a deal that...
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Chamber of Woodworking and Furniture Industry Announces New Assiut Branch, Unveils Comprehensive...The Chamber of Woodworking and Furniture Industry, affiliated with the Federation of Egyptian Industries (FEI), held its periodic meeting chaired by Eng. Mohamed Abdel Ghaffar. The session focused on strategies to enhance...
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Shell’s Q2 2026 Profits Soar to $9.8 Billion, Marking Best Quarterly Performance...British energy giant Shell reported an adjusted profit of $9.8 billion for the second quarter of 2026, marking its strongest quarterly performance in exactly four years. The results reflect the companys best...
Technology
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Orange Egypt Marks 20 Years of Backing Enactus to Empower the Next...Orange Egypt has renewed its sponsorship of Enactus Egypt for the twentieth consecutive year, extending one of the countrys longest-running corporate partnerships dedicated to youth entrepreneurship and innovation. The two-decade collaboration reflects...
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”RAMageddon”: Global AI Race Drives Up Electronics Prices Amid Worsening Memory Chip...The global race for artificial intelligence (AI) technologies has driven up the prices of electronic goods such as laptops and smartphones, with growing warnings that the impact could soon extend to car...
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Teslas FSD Subscriptions Surge 56% to 1.48 Million, Offsetting Stock Pressures with...Tesla has faced significant downward pressure on its stock performance in 2026, dropping by approximately 28% since the beginning of the year. This pressure intensified following the release of its second-quarter earnings,...
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Trump Media Launches ”Truth API” to Monetize Presidential Posts Amid Calls for...Trump Media Technology Group, the parent company of Truth Social, has officially launched its new data service, Truth API. This paid service targets financial institutions and investment firms by providing direct, real-time...
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Google Prepares to Launch ”Pixel Tag” Smart Tracker to Compete with Apple’s...Google is preparing to expand its ecosystem of smart devices with the launch of a new item tracker named Pixel Tag. This strategic move is aimed at competing with Apples AirTag and...
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SpaceX Stock Drops 19.7% Below IPO Price, Echoing Tesla’s Early Market VolatilitySpaceX stock has dropped to $108.37, falling approximately 19.7% below its Initial Public Offering (IPO) price of $135. This decline follows a strong post-listing rally, prompting investors to question the stocks future...
Smart cities
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SODIC Redefines Luxury Coastal Living with ”Ogami” in Ras El Hekma, Featuring...SODIC’s latest flagship project, Ogami, located in Ras El Hekma, represents a unique model in the luxury coastal real estate market. It introduces a comprehensive vision for modern coastal destinations in one...
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SODIC’s Work-in-Progress Portfolio Climbs 17% to EGP 59.2 BillionEgyptian real estate developer SODIC increased the value of its development work in progress to EGP 59.2 billion by the end of June 2026, reflecting a sharp acceleration in construction activity across...
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MA Group Taps Meadis to Shape Operations and Tenant Strategy for West...Egyptian developer MA Group has signed an exclusive cooperation agreement with Meadis to develop the operational and commercial strategy for its projects in West Cairo, as the company moves to embed professional...
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Danube Properties Gears Up to Deliver 11 Projects Within a Year in...Danube Properties is gearing up to deliver 11 projects within a single year, marking one of the largest handover milestones in the companys history. This achievement reinforces its commitment to delivering projects...
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Aldar Properties Reports 18% Surge in H1 2026 Net Profit to AED...Aldar Properties, listed on the Abu Dhabi Securities Exchange (ADX), reported strong financial results for the first half of 2026. The performance was driven by sustained demand for its real estate projects...
Banks
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QNB Launches Egypt’s First Soundbox POS Terminals for Cashless Toll Gate Paymentshamdy Abdelrashid In a move to facilitate seamless travel and reduce reliance on cash, QNB has announced the launch of the first-of-its-kind Soundbox electronic point-of-sale (POS) terminals in the Egyptian market. This...
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National Bank of Egypt Joins ”Update Your Data in Egypt” Initiative to...hamdy Abdelrashid The National Bank of Egypt (NBE) has announced its active participation in the Update Your Data in Egypt initiative. Launched by the Central Bank of Egypt (CBE) in collaboration with...
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PBOC Pledges Timely Monetary Policy Adjustments and Boost to Panda Bonds in...Chinas central bank has pledged to make timely adjustments to its monetary policy tools and facilitate the issuance of Panda bonds, according to a statement released following a working meeting on Saturday...
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As a Strategic Partner: National Bank of Egypt Participates in Enactus Egypt...hamdy Abdelrashid The National Bank of Egypt (NBE) participated in the local finals of Enactus Egypt for the 2025/2026 academic year. The prestigious event witnessed fierce competition among student teams from various...
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Egyptian Pound Edges Lower Against US Dollar Amid IMF Cautions on Regional...The US Dollar exchange rate saw a relative increase against the Egyptian Pound at the start of trading on Sunday, August 2, 2026, according to the latest updates from state-owned and private...
Fin tech
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Valu Board Approves EGP 1 Billion First Bond Issuance in Two TranchesThe Board of Directors of U for Consumer Finance (Valu) has approved the launch of the first issuance under the companys bond program, with a total value of EGP 1 billion. The...
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Souhoola Launches Exclusive Offer for Rabbit App Users: 3-Month Installment Plans with...Souhoola has announced the launch of a new promotional offer that allows users of the Rabbit app to easily pay for all their purchases and daily needs in convenient installments over three...
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Mastercard Rebuilds Fraud Defences for the Age of Autonomous AI ShoppingMastercard is reworking the fraud-detection systems underpinning its global payments network as artificial intelligence agents begin moving beyond product recommendations to making purchases directly on behalf of consumers. The shift presents an...
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Valu Expands Installment Payment Channels and Rolls Out August Cashback OffersEgyptian fintech company Valu has expanded the range of channels available for customers to pay their monthly installments, while introducing limited-time cashback offers through selected payment applications during August. The move gives...
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Paymob Brings UAE’s Jaywan Payment Scheme to Online and In-Store MerchantsEgyptian fintech Paymob has expanded its payment acceptance capabilities in the United Arab Emirates by enabling merchants to accept Jaywan, the countrys domestic card payment scheme, across both e-commerce platforms and point-of-sale...
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du Pay Launches ”Flexi Cash Loan” to Provide Instant, Short-Term Digital Financing...du Pay, the advanced digital financial services arm of du, has announced the launch of its new Flexi Cash Loan service via the du Pay app. This innovative digital offering allows eligible...
Cars
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German Automakers Slash Administrative Jobs Amid Fierce Chinese CompetitionGerman automakers are experiencing a massive wave of administrative job cuts amid mounting pressure from Chinese competitors. This trend has resulted in an influx of hundreds of managers into the job market,...
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BYDs Global Sales Rise for Third Consecutive Month in July 2026, Fueled...Global sales for BYD, China’s largest electric vehicle (EV) manufacturer, rose for the third consecutive month in July 2026. This growth was driven by robust demand in overseas markets, which continued to...
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Mercedes-Benz Q2 EBIT Rises 22% to €1.5B, Cuts 2026 Outlook Amid Weak...German luxury automaker Mercedes-Benz reported a 22% increase in second-quarter operating profit, but warned of ongoing pressure on its core automotive business, prompting the company to lower its full-year 2026 sales and...
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Kayan Egypt Launches the High-Performance Cupra Formentor VZ with a 2.0L Engine...hamdy Abdelrashid Kayan Egypt, the exclusive agent for the Cupra brand in Egypt, has officially announced the launch of the new VZ trim of its popular sports utility vehicle, the Cupra Formentor....
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By Its Students: Egypt University of Informatics Creates Two Smart Applications to...Egypt University of Informatics (EUI) has announced the success of students from the Faculty of Digital Arts and Design in innovating and developing two smart applications aimed at providing technological solutions for...
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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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...
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Alibaba Bans ”Claude Code” AI Tool Internally Over Security Concerns Amid Distillation...Alibaba has decided to ban the use of the intelligent programming tool Claude Code within its work environments following mounting security concerns regarding potential vulnerabilities or built-in backdoors in the software. According...
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 Reno16 Series Set to Launch in Egypt, Combining Advanced AI Capabilities...OPPO, the worlds leading smart device brand, has announced that the Reno16 Series is set to officially launch in Egypt on August 11 under the theme of “Your Vibe, Your Way”, marking...
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Why the HUAWEI nova 15 Max is the Most Dependable Phone of...In a market crowded with incremental upgrades like Egypt, the HUAWEI nova 15 Max makes a compelling case for what a modern smartphone that prioritises real endurance, dependable durability, and imaging. This...
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HUAWEI WATCH FIT 5 Series Makes Fitness Easy with Mini-WorkoutsHuawei has announced the HUAWEI WATCH FIT 5 Series, a sleek wearable that blends cutting-edge health and fitness features with a stylish design. It’s the perfect wrist companion for expressing your style,...
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vivo Egypt Teases Y500 Ahead of Launch With Segment-Leading 8,100mAh Batteryvivo Egypt is preparing to launch the vivo Y500, a new smartphone that places battery endurance at the heart of its appeal, featuring what the company says is the largest battery in...
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The HUAWEI FreeBuds Pro 5 Reinvents Noise Cancellation with the Worlds First...Dual drivers are nothing new in earphones. On the contrary, multiple drivers are now expected in premium models. They are proven to deliver superior sound, as two separate drivers help the earphones...
تكنوتايم بالعربي
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رئيس جمهورية مدغشقر الشقيقة يزور الهيئة العربية للتصنيع ويشيد بالقدرات التصنيعية المتطورة...استقبل اللواء أ.ح مهندس مختار عبد اللطيف رئيس الهيئة العربية للتصنيع , فخامة الرئيس ميكائيل راندريانيرينا، رئيس جمهورية مدغشقر الشقيقة ووفد رفيع المستوى وبحضور السيد علاء فاروق وزير الزراعة واستصلاح الأراضي المصري....
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بيان رسمي يكشف السبب الأولي لحريق سفينتين في ميناء دمياطبعد السيطرة على الحريق الذي تعرضت له سفينتان في ميناء دمياط يوم 29 يوليو 2026. وبإجراء الجهات المعنية التحقيقات الأولية حول الحادث، تبين أنه ناتج عن طائرة مسيرة، ولم تعلن أي جهة...
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وحش البطاريات قادم إلى مصر.. vivo تستعد لإطلاق Y500 بسعة خياليةأعلنت vivo مصر استعدادها لإطلاق هاتفها الجديد vivo Y500، الذي يأتي ببطارية تبلغ سعتها 8100 مللي أمبير، لتكون الأكبر ضمن فئته السعرية، في خطوة تستهدف تلبية احتياجات المستخدمين الذين يعتمدون على هواتفهم...
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تقديرًا لجهوده الإنسانية.. تكريم مستشار الأمم المتحدة هاني حسن أبو زيد لدوره...حظي المستشار الدكتور هاني حسن أبو زيد، مستشار الأمم المتحدة في جنيف، بتكريم من الدكتور حسين الشبلي، الأمين العام للهيئة الخيرية الأردنية الهاشمية، كما كرّمه العميد سهل الحموري، مدير الخدمات الطبية الملكية...
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الكويت.. صفقة أنابيب نفطية مع تحالف عالمي بـ16 مليار دولاروقّعت شركة نفط الكويت، اتفاقية شراكة للبنية التحتية بقيمة 16 مليار دولار مع تحالف يضم بلاكستون وبروكفيلد وكيه كيه آر، تتعلق بخطوط تصدير النفط، وذلك في ظل تعرض الدولة الخليجية لهجمات متكررة...