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NewsNews
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Egyptian Gold Prices Dip Slightly Amid Global Decline and Surging US DollarEgyptian gold prices experienced a slight decline during Tuesday’s trading session, driven by a drop in global spot prices, persistent pressure from a strengthening US dollar, and rising bond yields. However, ongoing...
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Eng. Rafat Hindi: Cooperation with the Chamber in expanding the base of...Eng. Rafat Hindi, Minister of Communications and Information Technology, held a meeting with the Board of Directors of the Chamber of Information and Communication Technology Industry under the chairmanship of Eng. Khaled...
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Venture Capital Braces for Unprecedented Windfalls as SpaceX, OpenAI, and Anthropic Target...The global venture capital (VC) sector has entered a phase of unprecedented anticipation as three of the world’s most highly valued technology and artificial intelligence enterprises—SpaceX, OpenAI, and Anthropic—advance strategic frameworks positioning...
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FRA Grants El Salem Holding License for Corporate Formations and Non-Banking Financial...The Financial Regulatory Authority (FRA) has officially granted regulatory approval to El Salem Company to operate as a licensed financial holding entity under the newly incorporated corporate banner, El Salem Holding. The...
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Egypt to Keep Customs Ports Operating During Eid Al-Adha Holiday to Accelerate...The Egyptian government has decided to continue operations at customs ports and clearance centers starting from the second day of Eid Al-Adha in a move aimed at accelerating the release of imported...
TechnoTime Emirates
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IREP Announces CEO Succession Plan as Kamran Abbas Takes Leadership RoleInternational Real Estate Partners (IREP), the global real estate and facilities management operating partner, has announced a planned leadership transition that will see Kamran Abbas appointed as Chief Executive Officer, while longtime...
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Ultimate Performance Launches Priority Onboarding Program in Dubai Ahead of Summer SeasonUltimate Performance (U.P.), the global personal training company, has launched a new priority onboarding initiative at its Dubai facilities to help residents regain fitness momentum ahead of the summer travel season. The...
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DEWA Adopts “Collaborative Agent” System to Accelerate Operations and Boost ProductivityDubai Electricity and Water Authority (DEWA) has announced the adoption of a new “Collaborative Agent” system as part of its broader strategy to accelerate operational processes, enhance productivity, and deepen the integration...
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UAE Sovereign Wealth Funds Drive Global Expansion as State Funds Manage $2.9...State-owned sovereign wealth funds are now managing assets estimated at nearly $2.9 trillion, highlighting the growing global influence of sovereign capital - particularly from the Gulf region and the UAE - across...
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Ajman Real Estate Strengthens Investment Appeal Through Integrated Ecosystem and Rising Market...The real estate market in Ajman is continuing to strengthen its position as one of the UAE’s most promising investment destinations, supported by a combination of competitive pricing, stable rental yields, accelerating...
Business
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Egyptian Exchange Executes EGP 54M Block Trade on EG Bank Shares Under...The Egyptian Exchange (EGX) officially announced today the execution of a block trade on the shares of the Egyptian Gulf Bank (EG Bank). The transaction was processed in accordance with the regulatory...
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Schneider Electric, ElsewedyUniversity of. Technology (SUTech) and AVEVA Sign a Partnership...Schneider Electric, ElsewedyUniversity of. Technology (SUTech) and AVEVA Sign a Partnership to Advance Egypt’s Green Transition and Future Industrial Talent
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Egypt’s Chemical amp; Fertilizers Export Council Concludes EU-Backed Program; Prepares European Trade...The Chemical Fertilizers Export Council (CEC) has officially announced the successful completion of its participation in the Euromed Cluster Forward Program. Supported by the European Union and implemented by Berytech, the initiative...
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Power Wadi Launches Local Production of 5,000 Solar Inverters as Egypt Accelerates...Power Wadi has announced the launch of an ambitious local manufacturing plan targeting the production of 5,000 solar inverter units in Egypt, as the country intensifies efforts to localize renewable energy technologies...
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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...
Technology
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Two ITI Graduates Secure First Place in 2026 Mahally Award at TDS...Two graduates of the Furniture Design and Visualization track at the Information Technology Institute (ITI) Digital Arts and Design Academy have secured first place in Round 9 of Mahally Award, held as...
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Taiwan Overtakes India as Worlds 5th Largest Stock Market, Reaching $4.95T Capitalization...Taiwan has executed a significant ascent in global equity rankings, overtaking India to become the world’s fifth-largest stock market by market capitalization. The shift is driven by an exponential rally in semiconductor...
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Egypt’s 4 Mobile Carriers Face High-Volume Eid Congestion; Deploying 410MHz Spectrum to...Egypt’s four mobile network operators (MNOs)—Vodafone Egypt, Orange Egypt, e Egypt, and WE (Telecom Egypt)—have entered one of their most demanding operational periods of the fiscal year as the Eid Al-Adha holiday...
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SDR 2026 Summit Stabilizes Venture Pipeline; Entlaq and Orascom Structure Regional LP...Strategic advisory firm Entlaq has teamed up with real estate giant Orascom Development (ORHD.CA) to build an institutional investment gateway at the upcoming SDR 2026 Summit, creating a structured clearinghouse for early-stage...
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eamp; Egypt Deploys Specialized Hajj Roaming Architecture; Launches 80GB Data Pipeline via...e Egypt, a leading telecom and information technology conglomerate, has officially launched an exclusive high-capacity roaming package tailored for the Hajj pilgrimage season. The strategic commercial rollout forms part of the carrier’s...
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Block-Clearing Startup Cycles Raises $6.4M Seed Extension Led by Blockchange to Overhaul...Cycles, a blockchain-backed developer of open multilateral clearing networks, has finalized a $6.4 million seed extension funding round. The investment was led by Blockchange Ventures, with active institutional participation from Coinbase Ventures,...
Smart cities
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Mimary Group, NOTION Developments, and ABC Hotels Form Consortium to Launch ”M-Residence”...Mimary Group, NOTION Developments, and ABC Hotels have officially finalized a tripartite strategic alliance to co-develop “M-Residence” (Mohandessin Residence). The upcoming premium hospitality and branded residences development is situated directly on Jamaat...
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MOT Investment Eyes Sale of Commercial Mall Within Happy Land Towers Project...MOT Investment is preparing to market and sell the commercial mall component of the Happy Land Towers project in Mansoura as part of its broader strategy to optimize investment returns from mixed-use...
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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...
Banks
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CBE Amends Tourism Support Initiative, Extending Implementation Period Until October 2026The Central Bank of Egypt (CBE) issued a new circular on May 24, 2026, outlining fresh amendments to the parameters of the tourism sector support initiative funded by the Ministry of Finance....
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CIB Deploys Zero-Fee Instant Clearing to Shield ATM Vaults; Routes Holiday Liquidity...Private banking heavyweight Commercial International Bank (EGX: COMI) has suspended all transaction pricing across its digital clearing infrastructure, launching zero-fee real-time transfers via InstaPay and CIB Mobile to protect its physical vault...
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Egyptian Pound Holds Firm as US Dollar Flattens Across Commercial Banks Amid...The US Dollar exchange rate maintained absolute structural stability against the Egyptian Pound (EGP) during Tuesday’s trading session across the vast majority of commercial banks operating within the Egyptian banking sector. This...
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Egypt ATM Withdrawals Hit EGP 9B in 48 Hours via NBE; Combined...Mohamed El-Etreby, Chairman of the Federation of Egyptian Banks (FEB) and CEO of the National Bank of Egypt (NBE), announced that the severe congestion observed across automated teller machines (ATMs) over the...
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Central Bank Official Denies InstaPay Outage Rumors; System Upgrade Lasted Only 10...An authorized official source has categorically denied rumors circulating on social media regarding technical outages or systemic downtime on InstaPay, Egypt’s national instant payment and fund transfer application. In an exclusive brief...
Fin tech
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Beltone Stock Traded At EGP 3.9 Billion in May; Net Profit Rises...A solid quarterly earnings report and robust liquidity flows have kept Beltone Holding firmly rooted in the green zone throughout May. Operating as a major player on the Egyptian Exchange (EGX), the...
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e-finance Stock Jumps 9.22% in May as Market Cap Hits EGP 78...e-finance for Digital and Financial Investments extended its gains on the Egyptian Exchange (EGX) during May, marking its second consecutive monthly rise. The stocks upward momentum was heavily supported by the company’s...
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Fawry Stock Rallies 7.24% in May, Fueled by 23.6% Jump in Q1...Fawry for Banking Technology and Electronic Payments extended its winning streak for the second consecutive month during May, cementing its status as one of the standout performers on the Egyptian Exchange (EGX)....
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Valu Share Price Climbs 4.24% on EGX in May, Powered by Strong...The share price of Valu, the leading consumer finance and Buy Now, Pay Later (BNPL) solutions provider, maintained its upward trajectory on the Egyptian Exchange (EGX) during May. This continuous growth solidifies...
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Sahl Leverages World Cup Demand to Drive Digital Wallet Activity; Injects EGP...Digital payment innovator Sahl has deployed a targeted user acquisition campaign tied to the upcoming global football tournament cycle, offering a maximum EGP 500 cash back tranche to capture premium consumer subscription...
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Sahl Fintech Platform Upgrades Utility Infrastructure, Enables Instant Cross-Channel Gas Bill SettlementSahl, a leading Egyptian digital payments and consumer fintech platform, has announced the successful deployment of an optimized utility processing module designed to streamline sovereign energy and natural gas billing. The updated...
Cars
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Egypt Customs Auctions Generate EGP 31.7 Million from Vehicles and Goods Across...Egypt’s customs authorities generated EGP 31.7 million in proceeds from a public auction involving vehicles and assorted imported goods confiscated or unclaimed across several major customs ports, reflecting continued activity in the...
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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...
cyber security
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Kaspersky Warns of Rising Tech-Enabled Abuse Through Stalking and Doxing AttacksKaspersky has warned of the growing risks of technology-enabled abuse, revealing that digital stalking and doxing incidents are becoming increasingly widespread as cybercriminals and abusers exploit advanced surveillance tools and online platforms...
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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...
Markets
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New Event Developments launches its latest project, ”LAYAL Residence,” in the New...In a move reflecting its unwavering confidence in the New Administrative Capital, New Event Developments announced the launch of its latest residential project, LAYAL Residence. This project is part of the companys...
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Madar Real Estate Development announces the complete sale of the first and...In a move that solidifies its position as one of the leading strategic developers in the Egyptian real estate market, Madar Development announced an exceptional achievement, marking a significant transformation in the...
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Businessman Bassam El-Feky announces the acquisition of the ”Jad” brand to develop...
In a strategic move aimed at integrating operational activities with real estate assets, businessman and engineer Bassam El-Feky announced the completion of the acquisition of the leading food and beverage brand, Gad....
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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...
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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INFINIX Launches the New NOTE 60 Series in Egypt with Advanced Performance...INFINIX has officially launched the new NOTE 60 Series in the Egyptian market, introducing the NOTE 60 Pro and NOTE 60 smartphones as part of its latest flagship lineup designed to elevate...
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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....
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...