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BusinessNews
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Egypt Moves to Recast National Investment Bank as a Development Finance InstitutionEgypt is working to reshape the role of the National Investment Bank to give it a broader development-finance mandate, allowing it to fund strategic projects and absorb risks that commercial banks are...
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Egypt Plans New Investment Fund With CI Capital to Revive Struggling FactoriesEgypt is preparing a new investment fund with CI Capital to finance struggling factories, as the government looks for more market-based ways to support industrial recovery, technology adoption and expansion beyond traditional...
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Dollar Exchange Rate Against the Egyptian Pound in Egyptian BanksDollar Exchange Rate Against the Egyptian Pound in Egyptian Banks Today, Friday, September 11, 2026 The US dollar exchange rate remained stable against the Egyptian pound on Friday, September 11, 2026, with...
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Gold Prices Today, Friday, September 11, 2026: Will Prices Fall or Remain...Gold Prices Today, Friday, September 11, 2026: Stability Dominates the Market Gold prices in Egypt recorded limited movements during trading today, Friday, September 11, 2026, as investors continue to monitor developments in...
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Egypt’s ICT Minister Highlights Entrepreneurship as Key Driver of Economic GrowthMinister of Communications and Information Technology, Eng. Raafat Hendy, emphasized the strategic role of entrepreneurship in driving economic growth, creating jobs, and strengthening Egypt’s competitiveness. Speaking during the fourth edition of the...
TechnoTime Emirates
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91% of UAE Professionals Plan to Stay as LinkedIn Finds a Workforce...The UAE is retaining an unusually high share of its professional workforce, with 91% of professionals saying they intend to continue living and working in the country over the next six to...
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Dubai Real Estate Transactions Top AED 2.18 Billion as Sales Capture Two-Thirds...Dubai’s property market recorded more than AED 2.18 billion in real estate transactions in a single day, with sales accounting for almost two-thirds of the total value as activity remained spread across...
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Dubai Issues New Guide to Help Businesses Navigate Force Majeure and Contract...Dubai has issued a new practical guide to help businesses determine when an unexpected event genuinely qualifies as force majeure — and when disruption, higher costs or delays remain part of the...
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Emirati Women Make Up 85% of DEWA’s Female WorkforceEmirati women account for 85% of the female workforce at Dubai Electricity and Water Authority (DEWA), highlighting the growing role of national talent across one of the UAE’s most strategically important utilities....
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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...
Business
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Swvl Came Within $300,000 of Collapse After Covid Wiped Out 97% of...Swvl once stood on the edge of shutting down, with just $300,000 left in the bank against around $33 million in obligations, according to co-founder and CEO Mostafa Kandil, who offered a...
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Egypt’s Fintech Market Reaches $765 Million as Digital Payments Gain GroundEgypt’s fintech market reached an estimated $765 million in 2024, according to Entlaq’s Egyptian Entrepreneurship Sector Diagnostics Report 2026, as the rapid expansion of digital financial services and growing reliance on electronic...
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Egypt’s Economy Accelerates to 5.3% Growth as Non-Oil Sectors Gain MomentumEgypt’s economy gained further momentum during the first half of fiscal year 2025/26, with real GDP growth accelerating to 5.3%, supported largely by stronger activity across non-oil sectors, according to Entlaq’s Egyptian...
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Abu Dhabi’s Mubadala Backs Chinas Luckin Coffee in $1 Billion Deal with...Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has emerged as a major backer of Luckin Coffee—China’s largest coffee chain—following a transaction valued at approximately $1 billion with private equity firm Centurium...
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Marlan Space and Loft Orbital Unveil $1B AI Satellite Venture Altair Next...In the presence of French President Emmanuel Macron, UAE-based space investor and operator Marlan Space—a subsidiary of International Holding Company (IHC)—and U.S.-French space infrastructure firm Loft Orbital have announced a consortium investing...
Technology
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Remote Inspections Could Become EG Insurtech’s Blueprint for Rethinking Insurance ClaimsFor many insurers, digital transformation has largely meant moving paperwork, forms and customer requests from branches to screens. EG Insurtech is trying to push that model further by asking a different question:...
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stc Kuwait Launches Upgraded mystc KW App to Drive Digital Transformation and...stc Kuwait has announced the launch of the revamped mystc KW application, introducing a smarter, highly personalized platform designed to streamline account management and provide seamless access to the companys extensive portfolio...
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Apple Launches Watch Series 12 and Ultra 4 with Upgraded Biometrics and...Apple has officially announced the Apple Watch Series 12 and Apple Watch Ultra 4, advancing its wearable ecosystem through deeper integration of artificial intelligence and high-frequency biometric monitoring. The flagship devices introduce...
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Suno Partners with Warner Music and BMG to Launch Licensed V6 AI...AI music generation platform Suno has rolled out its latest suite of generative audio models, developed in official licensing partnership with music industry giants Warner Music Group (WMG) and BMG. The strategic...
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Meta Unveils Muse: Next-Gen Personal AI Agent Designed for Autonomous 24/7 Task...Meta CEO Mark Zuckerberg has introduced Muse, a new autonomous personal AI agent designed to go beyond conventional question-and-answer interactions by operating around the clock to proactively execute tasks and help users...
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Ex-Anthropic Researcher Warns AI Arms Race Poses Unprecedented Extinction RiskAI researcher Jacob Coxon has issued a stark warning regarding the trajectory of advanced artificial intelligence following his resignation from Anthropic. Having spent the past three years researching and training models at...
Smart cities
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Mohamed Ramadan Makes First Move Into Real Estate With MR1 and Giza...Mohamed Ramadan is expanding his business interests beyond entertainment, announcing his first move into real estate investment through two projects in Cairo and Giza in partnership with Egyptian businessman Mohamed Shebl. Ramadan...
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Minister of Housing Reviews Progress of Mega Projects and Urban Services in...Eng. Randa El-Menshawy, Egypts Minister of Housing, Utilities, and Urban Communities, reviewed the executive progress of ongoing projects and urban services in the New Administrative Capital (NAC). The comprehensive review focused on...
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City Edge Developments Signs MoU with Modon Misr for Facility Management in...City Edge Developments has signed a Memorandum of Understanding (MoU) with Modon Misr Asset and Facilities Management to provide integrated facility management and security services across several of City Edge’s developments in...
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Egypts Housing Ministry Opens Reservations for 25,000 Rent and Rent-to-Own UnitsThe Egyptian Ministry of Housing has announced the opening of reservations for 25,000 new housing units under rent and rent-to-own systems, starting from September 20 to October 28, 2026. This step aligns...
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Beyond the Traditional Down Payment: How Madinet Masr Is Trying to Rewrite...For decades, buying property in Egypt has largely followed the same formula: choose a unit, pay a down payment, sign a contract and commit to installments stretching over several years. Madinet Masr...
Banks
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CBUAE Governor Khaled Mohamed Balama Ranked Among Worlds Top Central Bankers with...His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), has been named among the world’s top-performing central bank governors for 2026, earning an A- grade...
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US Dollar Holds Steady Against Egyptian Pound as Annual Urban Inflation Slows...The US dollar remained relatively stable against the Egyptian pound across state-owned and private banks on Thursday, September 10, 2026, following the release of favorable domestic inflation figures. Currency stability remains a...
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Arab Bank Inks EGP 600 Million Financing Deal with Edita to Fuel...Arab Bank has signed a strategic financing agreement worth EGP 600 million with Edita Food Industries, a leading FMCG and packaged snack food company in the Middle East and North Africa (MENA)...
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Standard Chartered: AI and Digital Transformation Could Add $2.8 Trillion Annually to...Accelerating digital transformation and the widespread adoption of Artificial Intelligence (AI) could inject an additional $2.8 trillion into global trade annually by 2031, equating to roughly $7.6 billion per day. According to...
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Dubai Chambers and Emirates Islamic Ink MoU to Deliver Sharia-Compliant Financing Solutions...Dubai Chambers has signed a strategic Memorandum of Understanding (MoU) with Emirates Islamic, one of the UAE’s leading Islamic financial institutions. The partnership aims to equip member companies with specialized banking and...
Fin tech
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Fintech Is Opening New Paths to Financial Inclusion Beyond Banks, FRA Sandbox...Egypt’s next phase of financial inclusion is likely to be driven as much by non-bank financial services as by traditional banking and payments, according to Ahmed Khalifa, CEO of FRA Sandbox, who...
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Visa, Mastercard and Ant International Launch Framework to Secure AI-Powered PaymentsVisa, Mastercard and Ant International Launch Framework to Secure AI-Powered Payments Visa, Mastercard and Ant International have joined forces to develop a new trust framework aimed at making transactions conducted by AI...
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مال تفتح قائمة الانتظار عالميًا وتطلق جيلًا جديدًا من التمويل الإسلامي المبني...مال تفتح قائمة الانتظار عالمياً وتدشّن عصراً جديداً من التمويل الإسلامي المبني بالكامل حول الذكاء الاصطناعي أعلنت اليوم مال، أول منصة مالية رقمية إسلامية في العالم تُبنى بالكامل حول الذكاء الاصطناعي، عن...
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83% of Egyptian Businesses Plan Agentic Commerce Investment Within Two Years, Visa...More than 83% of Egyptian organizations surveyed plan to invest in agentic commerce over the next two years, even as nearly three-quarters of business leaders say they are still unfamiliar with the...
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Visa and IFC Launch $200 Million Risk-Sharing Initiative to Boost Digital Financial...Visa and the International Finance Corporation (IFC), a member of the World Bank Group, have announced a strategic partnership to launch a new credit risk-sharing initiative. The program aims to accelerate financial...
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Applebees and IHOP Join Waffarha App with Exclusive New OffersWaffarha, the leading savings and lifestyle application, has officially announced the addition of globally renowned restaurant chains Applebees and IHOP to its platform. Users can now access the application to explore a...
Cars
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Ahmed Nabil Appointed General Manager of Mercedes-Benz Sales at GNA – NATCOhamdy Abdelrashid Ahmed Nabil has recently joined NATCO Automotive Group—the authorized dealers and distributors of Mercedes-Benz vehicles in Egypt—taking on the role of General Manager of Mercedes Sales at GNA (Fom El-Khalig)....
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Volvo ES90 Arrives in Egypt at EGP 3.9 Million as Brand Expands...Volvo is adding a new all-electric flagship sedan to its Egyptian lineup, introducing the ES90 in a single Ultra trim as the Swedish brand expands its presence in the country’s premium electric...
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Egypt Targets Doubling Local Content in Car Manufacturing to 40% by 2030Egypt is looking to double the share of locally produced components in its automotive industry over the next four years, as the government shifts its focus from attracting vehicle assembly lines to...
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Ford Recalls Over 148,000 Mustangs in the US Over Power Loss and...Ford Motor Company has recalled 148,663 vehicles in the United States due to electrical faults that could lead to a sudden loss of motive power and the failure of critical safety functions,...
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Intense Pressure Mounts to Secure Deal on Volkswagen Overhaul as 50,000 Job...Olaf Lies, the Minister-President of Lower Saxony and a key negotiator in talks over Volkswagens restructuring roadmap, stated that immense pressure is mounting on all stakeholders to hammer out an agreement in...
cyber security
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Kaspersky Adds App Cleaner to macOS as Leftover Files Raise Privacy and...Deleting an app on a Mac does not always mean it is completely gone, and Kaspersky is turning that often-overlooked problem into a new feature inside Kaspersky Premium for macOS. The company...
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Arab Security Conference Marks 10th Edition With High-Level Government and Diplomatic ParticipationThe Arab Security Conference (ASC) is set to mark a decade on the regional cybersecurity calendar when its 10th edition convenes in Cairo on September 27–28, 2026, bringing together senior government officials,...
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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...
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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Huawei Maintains Leadership in Global Wrist-Worn Device Market in H1 2026 with...Recently, IDC, a leading global market research firm, released its wrist-worn device market report for the first half of 2026. The report shows that Huawei continues to lead the global wrist-worn device...
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Huawei and Xiaomi Launch Next-Gen Foldables in China Ahead of Apple’s Market...Chinese tech giants Huawei and Xiaomi are preparing to launch their latest foldable smartphones in China on Monday, escalating competition in the premium handset segment just days before Apple is anticipated to...
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Five Reasons You Might Want to Think Twice Before Buying a Samsung...Samsung Galaxy phones are among the most successful Android devices on the market, offering some of the best displays, capable cameras and one of the longest software-support commitments available on a smartphone....
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HUAWEI Collaboration at Valu Café on Triple-Zero Payment Plans for Up to...As part of its continued commitment to its customers and its dedication to sharing important moments and occasions with them, HUAWEI is collaborating with Valu to hold a special event celebrating the...
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Huawei Unveils the WATCH GT 7 Series and Flagship Products at Global...Huawei hosted the Chase the Wild global product launch event today in Munich, Germany. A sweeping portfolio of new smart wearables, tablets, smartphones, and audio devices were announced underscoring Huaweis vision of...
تكنوتايم بالعربي
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«AI in Action» في قلب الدورة الثلاثين.. CairoICT يطلق جوائز للمؤثرين ومسابقة...كشف أسامة كمال، رئيس شركة تريد فيرز إنترناشيونال المنظمة لمعرض ومؤتمر CairoICT، عن عدد من الملامح الجديدة التي تشهدها الدورة الثلاثون للمعرض، وفي مقدمتها وضع التطبيقات العملية للذكاء الاصطناعي في قلب الحدث...
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بروتوكول تعاون بين ”الرقابة المالية” و”البريد المصري” لإتاحة خدمة ”بريدي” للمراسلات الرسمية...د.إسلام عزام، رئيس الهيئة العامة للرقابة المالية: - تطوير الأطر التنظيمية للأنشطة المالية غير المصرفية قريبًا.. للانتقال من المراسلات الورقية إلى البريد الإلكتروني المسجل - الهيئة على رأس الجهات الداعمة لرقمنة الإجراءات...
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“جوميا” تطلق «جوميا فيستيفال 2026» لتعزيز تجربة التسوق الرقمي للعملاء خلال الفترة...أعلنت جوميا عن إطلاق «جوميا فيستيفال 2026»، لتقديم تجربة تسوق أكثر تنوعًا ومرونة لعملائها، من خلال مجموعة واسعة من العروض والخصومات وخيارات الدفع، وذلك خلال الفترة من 31 أغسطس حتى 13 سبتمبر...
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الإحصـــــاء : 199.8 % ارتفاعًا فى قيمة الصادرات المصرية إلى الصين خلال...في إطار العلاقات الثنائية المتميزة التى تجمع بين جمهورية مصر العربية وجمهورية الصين الشعبية ، وبحث سبل تعزيز علاقات الشراكة الاستراتيجية بين البلدين فى مختلف المجالات محل الاهتمام المشترك ، فضلاً عن...
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إندرايف” تعزز منظومة الأمان والسلامة وآليات التحقق من هويات السائقين بالاعتماد على...تواصل إندرايف المنصة الرائدة عالميًا في مجال النقل الذكي، والتطبيق الأول في مصر، تعزيز استراتيجيتها الشاملة للسلامة. وتعتمد الشركة في ذلك على آليات متطورة للتحقق من هوية السائقين، ونظم مراقبة ذكية مدعومة...