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CAPMAS: Egypt-Bahrain Trade Exchange Reaches $301.1 Million in 2025 Amid Royal Visit...In the framework of strengthening bilateral relations and distinguished cooperation between Egypt and Bahrain across various fields, and to discuss the latest regional and international developments of mutual interest, Egyptian President Abdel...
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Textile Industries Chamber Launches Tax, Insurance, and Customs Support Service for Membershamdy abdelrashid The Chamber of Textile Industries at the Federation of Egyptian Industries (FEI) has officially rolled out a new tax, insurance, and customs support and consultation service for its member companies....
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Mastercard collaborates with AFS to launch corporate credit and prepaid cards in...Mastercard and Arab Financial Services (Mastercard collaborates with AFS to launch corporate credit and prepaid cards in UAE and Egypt AFS), the Middle East and Africa’s leading digital payment solutions provider and...
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Gold Prices in the UAE Edge Higher on August 5 Amid Weaker...Gold prices in the United Arab Emirates (UAE) recorded a relative increase across all carats on Wednesday, August 5, 2026, compared to the previous days trading levels. Globally, gold ticked slightly higher...
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Gold Prices in Egypt Edge Lower on August 5 Despite Global Market...Gold prices in Egypt witnessed a slight decline at the start of trading on Wednesday, August 5, 2026, diverging from the yellow metals upward movement on the global exchanges. Globally, gold edged...
TechnoTime Emirates
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UAE and Egypt Agree Five-Year Expansion of Air Transport RightsThe United Arab Emirates and Egypt have agreed to gradually expand bilateral air transport rights over the next five years, opening the door to increased flight capacity and new opportunities for airlines...
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Dubai Property Transactions Near AED 500 Billion in Seven MonthsDubai’s real estate market moved closer to the AED 500 billion mark in total transactions during the first seven months of 2026, extending the sector’s strong performance despite wider geopolitical and economic...
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FAB’s Pre-Tax Profit Climbs to AED 13.2 Billion as Net Earnings Edge...First Abu Dhabi Bank reported a profit before tax of AED 13.20 billion for the first half of 2026, up 3% from a year earlier, as stronger interest income, lending growth and...
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Emirates Islamic Posts AED 1.7 Billion Net Profit in First Half of...Emirates Islamic reported a net profit of AED 1.7 billion for the first six months of 2026, supported by sustained growth in income, customer financing and deposits, alongside disciplined cost management. The...
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Mubadala Capital Opens Blockchain-Based Access to Private Markets FundMubadala Capital has partnered with Coinbase and digital infrastructure company KAIO to create a tokenized version of its private markets investment fund, offering eligible investors a new digital route into traditionally less...
Business
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Chamber of Woodworking and Furniture Industry Announces New Assiut Branch, Unveils Comprehensive...The Chamber of Woodworking and Furniture Industry, affiliated with the Federation of Egyptian Industries (FEI), held its periodic meeting chaired by Eng. Mohamed Abdel Ghaffar. The session focused on strategies to enhance...
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Food Export Council: 15 Markets Account for 60% of Egypt’s Processed Food...Food Export Council Egypt stated that the 15 largest import markets for Egyptian processed food products accounted for approximately 60% of the sector’s total exports during the first half of 2026, with...
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Japan and US Execute Coordinated Yen-Buying Intervention to Halt 40-Year LowsThe Japanese Ministry of Finance announced on Monday that Japan and the United States have executed a coordinated yen-buying intervention. The ministry confirmed that both nations stand ready to take further similar...
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Food Export Council: Successful Exporting Begins with Information, Market Research, and Capacity...hamdy Abdelrashid May Khairy, Executive Director of the Food Export Council (FEC), emphasized that successful exporting relies heavily on accurate information, comprehensive market research, and the thorough preparation of companies. Khairys remarks...
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2point0 Group Reports Robust H1 2026 Results, Posting AED 21.9 Billion in...2point0 Group, a premier investment holding company headquartered in Abu Dhabi and listed on the Abu Dhabi Securities Exchange (ADX), has reported significant financial and strategic growth during the first half of...
Technology
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ADNOC Deploys AI-Powered Real-Time Operations Center Across 120+ Rigs in Partnership with...ADNOC has announced the deployment of an AI-powered Real-Time Operations Centre (RTOC) across its fleet of more than 120 drilling rigs. Launched in collaboration with SLB, the system provides operational teams with...
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SpaceX Pours $329 Million into Tesla Megapacks to Power Musk’s Growing AI...SpaceX has injected approximately $329 million to purchase Tesla Megapack energy storage systems since the beginning of this year. This significant move reflects a growing reliance on advanced energy solutions to power...
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Tech Giants Face $1.09 Trillion in Future Lease Obligations Amid Massive AI...The unprecedented wave of expansion in artificial intelligence (AI) infrastructure has revealed massive future financial commitments undertaken by major global technology firms. Microsoft, Meta Platforms, Oracle, Amazon, and Alphabet have pledged to...
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Moove Secures $250 Million in Series C Funding Led by Mubadala at...Moove, a global company specializing in building and developing operational infrastructure for the autonomous mobility sector, announced it has raised $250 million in a Series C funding round. Led by Mubadala Investment...
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SpaceX Beats Analyst Expectations in First Detailed Earnings Report, Driven by Rockets...SpaceX exceeded analyst expectations in its first detailed earnings report on Tuesday, as its quarterly revenues nearly doubled to reach approximately $8 billion. According to the Financial Times, this surge was primarily...
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SpaceX Shares Tumble 8% Post-IPO as Massive AI Spending Eclipses Strong Q2...SpaceX reported its first financial results since going public, achieving strong revenue growth in the second quarter of 2026. However, persistent losses and surging capital expenditures on artificial intelligence (AI) sparked investor...
Smart cities
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Dubai Ranks Second Globally in BCG’s Smart Cities Index, Showcasing AI and...Dubai has ranked second globally in the Smart Cities Index published by Boston Consulting Group (BCG), which assessed 61 cities across 39 countries. This milestone achievement reflects the emirates global leadership in...
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Danube Properties Launches Exclusive Zero Down Payment Offer for Bayz 101 and...Danube Properties, a pioneer in innovative and flexible real estate ownership solutions widely recognized for its iconic 1% monthly payment plan, has unveiled an exclusive, limited-time offer. Buyers now have the extraordinary...
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Minister of Housing Reviews Proposed Building Law Amendments Regulating Occupants Unions to...Eng. Randa Al-Minshawy, Minister of Housing, Utilities, and Urban Communities, chaired a meeting to review the latest developments regarding the draft law amending certain provisions of the Building Law. The meeting focused...
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SODIC Redefines Luxury Coastal Living with ”Ogami” in Ras El Hekma, Featuring...SODIC’s latest flagship project, Ogami, located in Ras El Hekma, represents a unique model in the luxury coastal real estate market. It introduces a comprehensive vision for modern coastal destinations in one...
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SODIC’s Work-in-Progress Portfolio Climbs 17% to EGP 59.2 BillionEgyptian real estate developer SODIC increased the value of its development work in progress to EGP 59.2 billion by the end of June 2026, reflecting a sharp acceleration in construction activity across...
Banks
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Currency Markets Take a Breather as Yen Pressures Ease Amid U.S. Support;...Currency markets took a breather on Wednesday as downward pressures on the Japanese yen eased following recent rounds of market intervention and explicit U.S. support for the Japanese currency. Meanwhile, the U.S....
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BOJ Minutes Reveal Policymakers Debated Further Rate Hikes Amid Broadening Inflation RisksMinutes from the Bank of Japans (BOJ) latest meeting revealed that monetary policymakers discussed upside price risks that would likely necessitate further interest rate hikes, even after raising borrowing costs to a...
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Philadelphia Fed President Anna Paulson Keeps Options Open, Says Rate Hike Remains...Anna Paulson, President of the Federal Reserve Bank of Philadelphia, emphasized that she will approach upcoming monetary policy decisions with an open mind to all available options in light of ongoing inflationary...
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USD to EGP Exchange Rate Shows Mixed Performance on August 4 Amid...The US Dollar (USD) exhibited a mixed performance against the Egyptian Pound (EGP) at the start of trading on Tuesday, August 4, 2026, according to the latest updates from public and private...
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Rabobank to Invest €2 Billion in Data and AI Over Three Years...The Dutch cooperative bank Rabobank plans to invest up to €2 billion (approximately $2.3 billion) over the next three years to upgrade its data infrastructure, information technology, and artificial intelligence (AI) capabilities....
Fin tech
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Damen CEO Says Egypts Cash Economy Leaves Significant Room for Digital Payments...Egypts digital payments industry still has considerable room for expansion despite years of rapid growth, according to Sameh El Mallah, Chief Executive Officer of Damen for Electronic Payments, who believes the countrys continued...
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Western Union Unveils Stablecard Digital Wallet in Partnership with Rain, Marking a...Western Union has announced the launch of Stablecard, a new stablecoin-based digital wallet developed in partnership with fintech infrastructure provider Rain. This launch represents a massive transformation in the companys 175-year-old remittance...
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Mastercard Announces Major Leadership Shake-Up in Asia-Pacific to Drive Digital Payments GrowthMastercard has announced sweeping changes to its leadership structure in the Asia-Pacific (APAC) region, appointing six senior executives to key roles covering core payments, market development, and legal affairs. The move also...
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Axis Pay Targets Three Million Users as It Expands Digital Payments BusinessEgyptian fintech company Axis Pay is aiming to triple its customer base to three million users as it accelerates the expansion of its digital payments ecosystem, building on a growing presence in...
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MoneyHash Partners with Azm Fintech to Expand and Streamline Saudi Arabias Digital...MoneyHash, a leading Payment Orchestration platform operating in emerging and global markets, has announced a strategic partnership with Azm Fintech. The collaboration aims to expand the digital payment ecosystem in the Kingdom...
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Egypt Post Disburses Pensions to 5.24 Million Beneficiaries in May 2026 Amid...The number of pensions disbursed through Egypt Post offices increased to approximately 5.24 million beneficiaries in May 2026, up from 5.1 million in May 2025. This marks a year-on-year increase of about...
Cars
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Ahmed Ali Appointed General Manager of Omoda and Jaecoo at Ezz Elarab...hamdy abdelrashid Ahmed Ali has recently been appointed as the General Manager for the Omoda and Jaecoo brands under the umbrella of Ezz Elarab Automotive Group. He brings over 20 years of...
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Teymour Ismail Appointed as General Manager of BAIC and ZEEKR at EIM...hamdy abdelrashid Teymour Ismail has recently been appointed as the General Manager for the BAIC and ZEEKR brands under the umbrella of EIM Auto Group. This appointment leverages his extensive expertise in...
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Toyota Braces for Fifth Consecutive Quarterly Profit Drop Amid Sales Slowdown and...Toyota Motor, the worlds largest automaker by sales, is poised to report its fifth consecutive quarterly decline in operating profit. The company is currently navigating a complex web of operational pressures, primarily...
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German Automakers Slash Administrative Jobs Amid Fierce Chinese CompetitionGerman automakers are experiencing a massive wave of administrative job cuts amid mounting pressure from Chinese competitors. This trend has resulted in an influx of hundreds of managers into the job market,...
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BYDs Global Sales Rise for Third Consecutive Month in July 2026, Fueled...Global sales for BYD, China’s largest electric vehicle (EV) manufacturer, rose for the third consecutive month in July 2026. This growth was driven by robust demand in overseas markets, which continued to...
cyber security
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Arab Security Conference Opens Voting for 2026 Cybersecurity Influencer AwardOrganisers of the 10th Arab Security Conference have opened public voting for the Arab Cybersecurity Social Media Influencer Award 2026, an initiative that recognises Arab content creators and cybersecurity professionals whose work...
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Kaspersky Study Finds Nearly Half of Tech-Enabled Abuse Victims Know Their PerpetratorsNearly one in two victims of technology-facilitated abuse have been targeted by someone within their own social circle, according to the second installment of a new global report released by Kaspersky, highlighting...
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Kaspersky Study: Parents Who Share More Online Are Less Motivated to Practice...Parents who frequently share photos, videos, and personal information about their children on social media are less likely to be motivated to adopt digital safety measures, according to a new study conducted...
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Huawei Watch Face Program Partners with Ajman University to Develop Emerging Digital...Huawei Watch Face (MEA) has partnered with Ajman University to launch a designer cultivation and recruitment initiative aimed at developing emerging digital talent and expanding opportunities for creators within Huaweis smartwatch ecosystem...
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JATDEV Targets Expansion with Huawei Cloud Across Financial and Government Sectors Within...Company Plans Regional Expansion into Gulf and Arab Markets by 2028 JATDEV is planning to deepen its strategic partnership with Huawei Cloud over the next two years as part of an...
Markets
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Beltone Holding Shares Rise 3.7% in July, Market Value Nears EGP 33...Shares of Beltone Holding posted solid gains on the Egyptian Exchange during July, rising 3.7% over the month and adding nearly EGP 1.2 billion to the companys market capitalization. The stock closed...
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Gold Prices Slip in Egypt as 21-Karat Loses EGP 30 per GramGold prices edged lower in Egypt during Friday’s trading, with the widely traded 21-karat grade falling by around EGP 30 per gram amid weaker global bullion prices and subdued demand in the...
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Trump Media to Sell Wall Street Faster Access to Market-Moving Truth Social...Trump Media Technology Group is preparing to sell banks, hedge funds and algorithmic trading firms faster access to posts published on Truth Social, including messages from US President Donald Trump that can...
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IBM’s Historic Stock Rout Exposes a New Winner in the AI Spending...IBM’s worst trading day in nearly six decades delivered an unexpected signal to investors: the artificial intelligence boom is redirecting corporate technology budgets away from traditional software and services and towards scarce...
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PayPal Shares Surge as Stripe and Advent Launch $53 Billion Takeover BidPayPal shares recorded their strongest one-day gain on record after payments giant Stripe and private equity firm Advent International reportedly submitted a joint takeover proposal valuing the company at more than $53...
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Alibaba Bans ”Claude Code” AI Tool Internally Over Security Concerns Amid Distillation...Alibaba has decided to ban the use of the intelligent programming tool Claude Code within its work environments following mounting security concerns regarding potential vulnerabilities or built-in backdoors in the software. According...
Ai
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Facebook ranks worst for online harassmentA new global survey has found Facebook to be the leading platform for online abuse targeting land and environmental defenders, with over 90 percent of respondents reporting some form of digital harassment....
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Madrid puts a stop to screens in classroomsThe Community of Madrid has decided to set limits on screen use in the earliest stages of education. The new decree, which will come into effect in the 2025/26 academic year, introduces...
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More than 600,000 accounts linked to predatory behavior-cnbc- on Wednesday introduced new safety features for teen users, including enhanced direct messaging protections to prevent exploitative content. Teens will now see more information about who they re chatting with, like...
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Dubai launches world’s first icon classification for Human–Machine Collaboration for AI transparencyDubai launches world s first icon classification for Human Machine Collaboration for AI transparency Dubai has launched the world s first Human-Machine Collaboration Icons - a system that makes visible the invisible,...
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YouTube wipes out thousands of propaganda channels linked to China, Russia, othersGoogle announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China, Russia and more in the second quarter. The takedown included more than...
Mobiles
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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...
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OPPO Reno16 Series Set to Launch in Egypt, Combining Advanced AI Capabilities...OPPO, the worlds leading smart device brand, has announced that the Reno16 Series is set to officially launch in Egypt on August 11 under the theme of “Your Vibe, Your Way”, marking...
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Why the HUAWEI nova 15 Max is the Most Dependable Phone of...In a market crowded with incremental upgrades like Egypt, the HUAWEI nova 15 Max makes a compelling case for what a modern smartphone that prioritises real endurance, dependable durability, and imaging. This...
تكنوتايم بالعربي
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وزير الاستثمار: ميكنة الخدمات وتبسيط الإجراءات أولوية لتعزيز جاذبية الاستثمار وتسريع زيادات...أكد الدكتور محمد فريد، وزير الاستثمار والتجارة الخارجية، أن ميكنة الخدمات الحكومية، خاصة المرتبطة مباشرة بالمستثمرين والشركات، تمثل إحدى الأولويات الرئيسية خلال المرحلة المقبلة، بما يسهم في تقليص زمن الإجراءات، وتبسيط رحلة...
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رئيس جمهورية مدغشقر الشقيقة يزور الهيئة العربية للتصنيع ويشيد بالقدرات التصنيعية المتطورة...استقبل اللواء أ.ح مهندس مختار عبد اللطيف رئيس الهيئة العربية للتصنيع , فخامة الرئيس ميكائيل راندريانيرينا، رئيس جمهورية مدغشقر الشقيقة ووفد رفيع المستوى وبحضور السيد علاء فاروق وزير الزراعة واستصلاح الأراضي المصري....
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بيان رسمي يكشف السبب الأولي لحريق سفينتين في ميناء دمياطبعد السيطرة على الحريق الذي تعرضت له سفينتان في ميناء دمياط يوم 29 يوليو 2026. وبإجراء الجهات المعنية التحقيقات الأولية حول الحادث، تبين أنه ناتج عن طائرة مسيرة، ولم تعلن أي جهة...
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وحش البطاريات قادم إلى مصر.. vivo تستعد لإطلاق Y500 بسعة خياليةأعلنت vivo مصر استعدادها لإطلاق هاتفها الجديد vivo Y500، الذي يأتي ببطارية تبلغ سعتها 8100 مللي أمبير، لتكون الأكبر ضمن فئته السعرية، في خطوة تستهدف تلبية احتياجات المستخدمين الذين يعتمدون على هواتفهم...
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تقديرًا لجهوده الإنسانية.. تكريم مستشار الأمم المتحدة هاني حسن أبو زيد لدوره...حظي المستشار الدكتور هاني حسن أبو زيد، مستشار الأمم المتحدة في جنيف، بتكريم من الدكتور حسين الشبلي، الأمين العام للهيئة الخيرية الأردنية الهاشمية، كما كرّمه العميد سهل الحموري، مدير الخدمات الطبية الملكية...