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Fin tech
Fin techNews
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EGP 105 Premium Over Global Rates: Local Gold Market Hedging Against Currency...The Gold Observatory has reported a flat opening for domestic gold prices today, Saturday, as international bullion desks remain closed for the weekend. The current stabilization caps off a highly volatile week...
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EGX Braces for Expansion Phase as Daily Trading Exceeds EGP 12 Billion,...The Egyptian capital market is preparing for a new phase of growth and expansion, propelled by the government initial public offering (IPO) program, a rising number of listed companies, and the introduction...
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Egyptian Pound Holds Firm Amid 6-Day Eid Recess; Sovereign Reserves Scale to...Egyptian Pound Holds Firm Amid 6-Day Eid Recess; Sovereign Reserves Scale to Record $52.8B as Remittances Leap 28% CAIRO | May 30, 2026 – The US Dollar exchange rate maintained absolute structural...
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LG Denies Rumors of Exiting TV Business, Calls Reports ‘Baseless’LG Electronics has strongly denied recent reports suggesting the company may exit the television business, describing the speculation as completely “baseless” amid growing online discussions surrounding the future of the global TV...
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Bitcoin Breaches Mid-70K Support as Investors Flee Riskier Assets Amid US-Iran ConflictA combination of deteriorating geopolitical stability in the Middle East and a multi-billion-dollar institutional retreat from digital asset funds has pushed Bitcoin to a multi-week low. Trading desks are aggressively cutting exposure...
TechnoTime Emirates
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Dubai Real Estate Sales Reach AED 253.6 Billion in Five Months Amid...Dubai’s real estate market recorded property sales worth AED 253.6 billion in the first five months of 2026, reflecting continued momentum in the emirate’s property sector amid strong investor demand and growing...
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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...
Business
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Prince Alwaleed bin Talal’s Bet on Elon Musk Nears Multi-Billion-Dollar Upside Through...Saudi billionaire Prince Alwaleed bin Talal appears to be edging closer to one of the most lucrative technology investment windfalls in recent years, as expectations grow around a future public offering or...
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Carrefour Egypt Extends Eid Al-Adha Operating Hours Until 2 AMCarrefour Egypt Extends Eid Al-Adha Operating Hours Until 2 AM Cairo, Egypt – Carrefour announced extended operating hours across a number of its branches during the Eid Al-Adha holiday, with several...
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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...
Technology
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Samsung MENA Launches Integrated AI Ecosystem to Create Ultimate ”Home Stadium” ExperienceSamsung Electronics Middle East and North Africa (MENA) has unveiled an integrated ecosystem of AI-powered smart devices, enabling football fans across the region to create a premium Home Stadium experience. Designed to...
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eamp; Egypt Partners with TOD to Stream UEFA Champions League Final via...Telecom operator e Egypt has rolled out a new digital campaign inviting its subscribers to watch the live broadcast of the UEFA Champions League final match on the TOD streaming platform. Customers...
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Strange Google Chrome Bug Locks Some Android Tablet Users Out of BrowserA bizarre bug affecting Google Chrome is reportedly preventing some Android tablet users from accessing the browser entirely, leaving affected devices stuck in unusable states or unable to properly launch Chrome. The...
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Seven Years of Android Updates Sound Great — But Most Phones Won’t...Samsung and Google have turned long-term software support into one of the smartphone industry’s biggest selling points, promising up to seven years of Android and security updates for flagship devices. On paper,...
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Oura Expands Smart Ring Health Features With Blood Pressure, Breathing and GLP-1...Oura is preparing to significantly expand the health-tracking capabilities of its smart ring platform alongside the expected launch of the Oura Ring 5, introducing a new wave of features focused on blood...
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How to Check if Google Chrome Downloaded a Massive AI Model to...Google Chrome users may unknowingly find several gigabytes of storage consumed after the browser quietly downloads local AI models designed to power upcoming artificial intelligence features integrated into the browser. The issue...
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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CIB Introduces Gold Certificate With Monthly Returns and Prize Draw BenefitsCommercial International Bank (CIB) continues to expand its savings and investment offerings through its Gold Certificate product, which combines monthly returns with access to special prize draw programs aimed at attracting retail...
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Egypt Eyed to Spearhead Cross-Border Infrastructure as Africa Faces $400 Billion Annual...The African Development Bank (AfDB) has highlighted Egypt as a core driver for continental economic integration during its 2026 Annual Meetings in Congo Brazzaville. The multilateral lender emphasized that Egypts modernized infrastructure,...
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Users Praise QNB ATM Network for High Efficiency and Seamless Digital TransactionsThe Automated Teller Machine (ATM) network of QNB has received widespread praise from numerous users, who highlighted the efficiency and stability of the service in executing daily banking transactions without recurring operational...
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CIB Offers Free InstaPay Transfers Throughout Eid Al-Adha HolidayCommercial International Bank (CIB) announced that customers will be able to make free money transfers through the InstaPay application during the Eid Al-Adha holiday period, as part of efforts to support digital...
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Arab African International Bank’s Total Assets Near EGP 1 Trillion by End...Arab African International Bank (AAIB) reported strong financial growth during the first quarter of 2026, with the bank’s total assets approaching the EGP 1 trillion mark by the end of March. According...
Fin tech
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Google Pay Unveils Major Upgrades to Spearhead AI-Driven ”Agentic Commerce” EraGoogle Pay has announced a wide range of new updates aimed at reshaping the future of digital payments. By integrating artificial intelligence into purchasing processes and streamlining the checkout experience across various...
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Telecom Egypt (WE) Highlights Live PSG vs. Arsenal Match as Part of...Telecom Egypt (WE) has launched a new promotional campaign inviting customers to subscribe to its WE Life bundles to watch the highly anticipated football match between Paris Saint-Germain and Arsenal live on...
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Vodafone Cash Launches Eid Campaign Offering Cash Prizes Up to EGP 10,000Vodafone Egypt has announced the continuation of its festive promotional campaign under the theme Eid Joy Continues with Vodafone Cash, offering its digital wallet users the chance to win cash prizes (Eidiya)...
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PayPal Shares Undervalued Despite Strong 15% Free Cash Flow Yield and Massive...PayPal continues to deliver robust financial performance despite growing headwinds in the digital payments sector. Wall Street analysts suggest that the stock is currently trading below its fair value, driven by a...
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Souhoola Launches Exclusive Promo: Up to 70% Discount on 2B Products with...Consumer finance platform Souhoola has announced a major promotional campaign in collaboration with tech and electronics retailer 2B, offering customers massive discounts of up to 70% on product prices. According to the...
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Only 2 Days Left! Purchase Your Hajj Udhiyah Sacrificial Voucher via Sahl...Digital micro-payment innovator Sahl has entered the final phase of its targeted seasonal transaction campaign, waiving all processing and convenience fees on corporate and retail Sacrificial Voucher (Udhiyah) settlements. The platform initiative...
Cars
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Waymo Deploys Zeekr-Powered Robotaxis to Slash Operating Costs and Drive ProfitabilityUS-based autonomous driving pioneer Waymo has initiated a strategic expansion of its commercial operations with the launch of its latest self-driving vehicle. The move is specifically engineered to reduce operational overhead and...
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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...
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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Saudi Arabia’s LIV Golf Strategy Reflects Broader Vision for Sports Investment and...Saudi Arabia’s expansion into global golf through LIV Golf has evolved beyond a conventional sports investment into a broader strategic project that combines economic diversification, international influence, and long-term positioning within the...
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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...
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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Xiaomi 17T Pro Impresses With Premium Design and Flagship Features at a...Xiaomi appears to be strengthening its position in the upper mid-range smartphone segment with the Xiaomi 17T Pro, a device that combines premium styling, strong performance, and flagship-inspired features at a relatively...
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Huawei Pura 90 Pro Max Blends Bold Design With Flagship Camera PowerHuawei appears to be doubling down on premium smartphone photography with the launch of the Huawei Pura 90 Pro Max, a device that combines eye-catching aesthetics with some of the company’s most...
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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...
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...