Month: September 2024

aiBANK has announced a comprehensive rebranding, unveiling its new brand name and identity as Bank NXT. The strategic move, which was announced on September 30, 2024, aims to usher in a new era of growth, digital innovation, and customer-centric solutions tailored to meet the evolving needs of individuals, SMEs, and…

Beltone Holding (“Beltone” or “the Company”), one of the fastest-growing financial institutions, has announced that its fully owned subsidiary, Beltone Venture Capital (BVC), has successfully completed its first international investment through a strategic investment in VelyVelo, a leading French e-bike rental company, specializes in optimizing e-bike fleet management through a…

Egypt’s Finance Minister Ahmed Kouchouk has announced a new tax relief package aimed at streamlining the tax system and fostering greater trust and collaboration with the business community. Kouchouk outlined the key elements of the package during the first of a series of meetings with representatives of the commercial and…

The “Mashroak” national project for community, human, and local development has provided loans worth EGP 29.3bn, to 213,500 projects, since its launch in 2015 until September 2024, according to Manal Awad, Minister of Local Development. These projects generated over 1.444 million job opportunities across all governorates. Awad pointed out that…

Al Tadamun for Microfinance, a leading institution in financing women’s micro-enterprises, has signed a new financing agreement with the Agricultural Bank of Egypt (ABE) worth EGP 100m. This partnership aims to expand funding for women-owned micro-projects across various productive, commercial, and service sectors throughout Egypt. Mona Zulfiqar, Chairperson of the…

Egypt’s Minister of Communications and Information Technology Amr Talaat has outlined the ministry’s legislative agenda and ongoing efforts to build a digital Egypt, emphasising the sector’s transformation from service-oriented to a service-production model. Talaat met with members of the Communications and Information Technology Committee of the Egyptian Parliament, chaired by…

Huawei, a leading provider of information and communications technology (ICT) solutions, has signed an agreement with Talaat Moustafa Group (TMG) to collaborate on building advanced, AI-powered cloud technology for the “NOOR City” project. This marks the first such partnership in the Egyptian market. The agreement will allow TMG to leverage…

US Ambassador Herro Mustafa Garg proudly hosted the inaugural Alumni Awards Ceremony and Gala Dinner at her residence tonight to celebrate the remarkable achievements of distinguished Egyptian alumni of US government-funded exchange programmes. Ambassador Garg congratulated the awardees for outstanding contributions in their fields of work. The ceremony recognized alumni…

Reportage Egypt, through Napoli Construction, has signed contracts with Energya Cables, a subsidiary of Energya Industries Elsewedy Helal, EMAS Elsewedy Industries, ABB, and Elsewedy Electric to supply the necessary equipment and requirements for the development of infrastructure works in the first phase of the Montenapoleone project in Mostakbal City, east…