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BanksNews
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Minister of Petroleum Commends ANRPC for Record Gasoline Production and Energy Efficiency...Minister of Petroleum and Mineral Resources, Eng. Karim Badawi, underscored the critical role of Egyptian refineries in securing local market demands, processing increased crude oil output, and ultimately reducing the national petroleum...
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Silver Prices in Egypt Surge 11.5% as Global Ounce Nears $69 Amid...Silver prices in the Egyptian market experienced a robust rally during the week of August 15 to 22, 2026. The price of 999-purity silver—the most widely traded in Egypt—surged by 11.52% (an...
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Bank of Russia Officially Launches Digital Ruble for Public Circulation on September...The Bank of Russia is set to officially launch the Digital Ruble for public circulation on September 1, marking a pivotal phase in the rollout of its Central Bank Digital Currency (CBDC)....
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Ministry of Industry Honored by CAOA for Institutional Efficiency and HR ModernizationThe Egyptian Ministry of Industry received an official award of recognition from the Central Agency for Organization and Administration (CAOA) in appreciation of its institutional efficiency and close operational cooperation with the...
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Cairo Chamber Medical Supplies Division Targets 100% Localization, Coordinates with UPA on...The Medical Supplies Division at the Cairo Chamber of Commerce aims to raise the local manufacturing rate in the medical supplies sector to 100%, according to Division Head Mohamed Ismail Abdo. Currently,...
TechnoTime Emirates
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XSquare Raises Pre-Seed Funding Led by Raed VenturesUAE-based business payments company XSquare has closed a pre-seed investment round led by Raed Ventures, with participation from AngelSpark, 500 Global and Oraseya Capital. The funding will support the company’s development of...
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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...
Business
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Samp;P Dow Jones Indices Retains Egypt’s Emerging Market Status for 2026, Dispelling...S P Dow Jones Indices has maintained Egypts classification within the Emerging Markets category following the conclusion of its 2026 market classification consultation, according to a statement issued by the Egyptian Exchange...
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Egyptian Petroleum Minister Discusses Boosting Investments and Gas Production with Energean CEOEngineer Karim Badawi, Minister of Petroleum and Mineral Resources, met with Mr. Mathios Rigas, CEO of the Greek energy company Energean, in the presence of Mr. Nicolas Katcharov, the companys Country Manager...
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SCZONE and Techno Bond Sign $50M Egyptian-Saudi Deal for Industrial Aluminum Complex...Mostafa Sheikhoun, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), attended the official signing ceremony of an Egyptian-Saudi joint investment contract with Techno Bond. The project involves establishing...
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Egypt Approves Fujairah Alamein for Oil and Gas Special Free Zone in...The Egyptian government has officially approved the establishment of a new special free zone named Fujairah Alamein for Oil and Gas in New Alamein City, Matrouh Governorate. The facility will span an...
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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...
Technology
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Anthropic Prepares for Historic IPO, Eyeing $2 Trillion Valuation Amid Growing Backlash...Anthropic, the developer behind the advanced AI model Claude, is gearing up for what could be one of the largest Initial Public Offerings (IPOs) in the history of the technology sector. The...
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India Directs Google to Remove 57 Fake Banking Sites Hosted on Firebase...
The Indian government has formally requested Google to take down numerous accounts on its Firebase platform that were used to host fake websites and applications impersonating prominent banks and financial institutions. The...
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OpenAI Slashes Prices for Advanced GPT-5.6 Sol Model by Over 20% Amid...OpenAI has announced a price reduction of more than 20% for its advanced GPT-5.6 Sol model for developers for a three-month period, as the maker of ChatGPT faces intensifying competition from Anthropic...
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ChatGPT Adds Apple Messages Integration on Mac for iMessage and SMSOpenAI has introduced new updates for ChatGPT and Codex, including a new Apple Messages integration on Mac that allows users to search, read and summarize conversations, as well as draft and send...
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Egypt to Allocate $860 Million Annually to Expand Data Centers and AI...The Egyptian government plans to allocate up to $860 million annually from the state budget, starting from the current fiscal year 2026-2027 through the end of 2030, to expand data centers and...
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ITI Holds Graduation Project Evaluation for Game Development TraineesThe Information Technology Institute (ITI) hosted an evaluation event for graduation projects developed by trainees in its Game Development track, part of the Professional Training Program. The event, held at ITIs headquarters...
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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ADIB Appoints Pedro Uria-Recio as Chief AI Officer to Drive Vision 2035...Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has announced the appointment of Pedro Uria-Recio as its new Chief Artificial Intelligence Officer. The strategic hire reinforces the banks leadership capabilities...
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Qatar Digital Payments Surge 40% YoY to QAR 106.8 Billion in July...Qatar’s fintech and digital payments sector recorded robust growth in July 2026, driven by a sharp rise in direct account-to-account transfers, the rapid adoption of instant payment platforms, and steady gains across...
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Saudi Riyal Holds Steady Against Egyptian Pound Across Major Banks and ATMs...The Saudi Riyal (SAR) maintained stable exchange rates against the Egyptian Pound (EGP) during Saturdays trading across automated teller machines (ATMs) and bank branches, August 22, 2026. Currency stability for the Saudi...
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Banque Misr UAE Announces Acceptance of Jaywan Cards Across Its ATM NetworkBanque Misr UAE has announced that Jaywan cards are now accepted across all its Automated Teller Machines (ATMs), enabling cardholders to execute their banking transactions easily, swiftly, and securely around the clock....
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Standard Chartered and HSBC Execute First Live Cross-Border Tokenized Deposit Transaction via...Standard Chartered and HSBC have announced the successful execution of the first live cross-border transaction of tokenized deposits between two banks using Swift’s blockchain-based ledger. This milestone represents a new phase in...
Fin tech
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e-finance Vice Chairman Ahmed Sobhy Announced as Keynote Speaker for Entlaq’s SDR...Entlaq, a prominent Egyptian entrepreneurship ecosystem development company, has officially announced that Ahmed Sobhy, Vice Chairman and Investment Managing Director of e-finance for Digital and Financial Investments, will join the upcoming SDR...
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Suhaala and Cairo Cart Launch 24-Month Installment Offer on ElectronicsSuhaala Direct Financing Solutions, in partnership with Cairo Cart, an electronics and home appliances retailer, has launched a limited-time promotion allowing customers to pay for electronics and related products in installments over...
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Reusable FinTech Certification Could Streamline Bank Due DiligenceA proposed federal regulatory framework could reduce the repeated due-diligence work banks conduct on FinTech and other technology providers by allowing standardized assessments to be reused across institutions. The Federal Deposit Insurance...
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FDIC Weighs BISDO Standards to Streamline Bank-FinTech OversightThe Federal Deposit Insurance Corporation (FDIC) is considering the creation of an industry-led standards organization that could certify FinTech companies and other bank service providers against common risk-management benchmarks, potentially changing how...
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MSMEDA and Aman Holding Sign EGP 250 Million Financing Agreement to Empower...The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 250 million financing contract with Aman Holding, a subsidiary of Raya Holding. The strategic agreement aims to expand...
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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...
Cars
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Bugatti Unveils the Destrier: A 1-of-1 Masterpiece Transforming the Bolide into a...Bugatti has officially revealed its latest bespoke creation, the Destrier, marking the third unique commission under the brands highly exclusive Solitaire program. The Destrier takes the Bolide—Bugatti’s most extreme track-focused hypercar—and transforms...
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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...
cyber security
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Apple Security Updates Fix 29 Vulnerabilities in iOS, iPadOS and macOSApple has released iOS 26.6.1, iPadOS 26.6.1 and macOS Tahoe 26.6.2, addressing 29 CVE-listed security vulnerabilities affecting WebKit, the operating system kernel and other system components. The company said there is currently...
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Ivanti takes autonomous IT operations to FDC Summit 2026IT teams have spent years reacting to problems after they appear. A device falls out of compliance, an employee opens a support ticket, a patch fails to install or a security issue...
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ExtraHop brings the Agentic SOC to FDC Summit 2026 as cyber defense...Security Operations Centers were built around humans reading alerts, investigating suspicious activity and deciding what to do next. ExtraHop believes that model is reaching its limit. The cybersecurity company is participating in...
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From global technology to local deployment: MCS takes a different role at...The cybersecurity market is full of global vendors promising faster detection, better visibility and more intelligent defenses. But for many organizations, buying the technology is only the beginning. The harder part is...
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At FDC Summit 2026, Gigamon tackles the blind spots hiding inside AI-driven...As enterprises accelerate their adoption of artificial intelligence, the biggest cybersecurity problem may not be the number of security tools they have. It may be what those tools still cannot see. That...
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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«القومي للاتصالات»: أورنج تحسن جودة المكالمات وتحافظ على استقرار خدمات البيانات في...سجلت شبكة «أورنج مصر» تحسنًا في عدد من مؤشرات جودة خدمات المحمول خلال الربع الثاني من عام 2026، بحسب أحدث تقرير صادر عن الجهاز القومي لتنظيم الاتصالات، مع تراجع ملحوظ في عدد...
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«إي آند» تحسن جودة الشبكة في الربع الثاني.. 5 مناطق متأثرة بالمكالمات...سجلت شبكة «إي آند مصر» تحسنًا في عدد من مؤشرات جودة خدمات المحمول خلال الربع الثاني من عام 2026، بحسب تقرير الجهاز القومي لتنظيم الاتصالات، مع استمرار بعض الملاحظات على جودة المكالمات...
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سرعة الإنترنت على فودافون ترتفع إلى 66 ميجابت خلال الربع الثاني من...رفعت فودافون متوسط سرعة تنزيل البيانات على شبكتها خلال الربع الثاني من عام 2026 إلى 66 ميجابت في الثانية، مقابل 62 ميجابت في الثانية خلال الربع الأول، لتسجل زيادة قدرها 4 ميجابت...
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فودافون تسجل أفضل أداء في جودة المكالمات.. 3 مناطق متأثرة فقط خلال...حققت فودافون أفضل نتيجة بين شركات المحمول الأربع في مؤشرات جودة الخدمات الصوتية خلال الربع الثاني من عام 2026، بعدما انخفض متوسط عدد المناطق التي رصد بها الجهاز القومي لتنظيم الاتصالات تجاوزات...
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سرعة الإنترنت على «وي» تتراجع إلى 76 ميجابت.. لكنها تظل الأسرع بين...تراجع متوسط سرعة تنزيل البيانات على شبكة «وي» خلال الربع الثاني من عام 2026 إلى 76 ميجابت في الثانية، مقابل 83 ميجابت في الثانية خلال الأشهر الثلاثة الأولى من العام، بحسب أحدث...