Category: News

Several major Egyptian banks have activated card tokenization services through Apple Pay, following the Central Bank of Egypt’s (CBE) February 2023 approval of regulations for this technology. National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB) are among the first institutions to offer the service. Tokenization allows customers…

Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), emphasized the agency’s commitment to establishing the Turathna Exhibition as a central hub for Egyptian handicrafts and traditional arts. The event will bring together various ministries, governmental bodies, and private organizations to support thousands of artisans and…

CI Capital has announced the successful execution of the EGP 4.57bn initial public offering (IPO) of United Bank, marking a significant milestone in the Egyptian financial market. This transaction, one of the largest in recent years, makes United Bank the first banking institution to debut on the Egyptian Exchange in…

Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, convened the first roundtable on the future of Egyptian agriculture. The meeting brought together key stakeholders, including MP Hesham El-Hossary, head of the Agriculture and Irrigation Committee in the House of Representatives; Sami Abdelsadek, acting president of the Agricultural Bank of…

Facebook has launched a new campaign in Egypt, “Discover on Facebook,” aiming to highlight the platform’s role in fostering community and enabling social discovery beyond simply connecting with friends and family. The campaign emphasizes Facebook’s utility in facilitating connections based on shared interests, learning new skills, and exploring diverse communities.…

Egyptian Prime Minister Mostafa Madbouly concluded an inspection tour of the Robbiki Leather City on Monday, highlighting the project’s significance in reshaping Egypt’s leather industry. Initiated under the direct guidance of President Abdel Fattah Al-Sisi, the project marks a major shift in the development of the leather sector and related…

Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, met with a delegation from the United Nations Economic Commission for Africa (ECA) on Monday to discuss potential avenues for collaboration. The meeting, held in Cairo, took place during the ECA’s participation in a continental workshop focused on verifying guidelines to…

Beltone Holding announced on Monday that its fully-owned subsidiary, Beltone Capital, has entered into a joint venture agreement with CRIF, a global leader in credit bureau services, business information systems, analytics, outsourcing, and digital solutions. This partnership aims to launch a new entity offering a comprehensive range of rating services…

Egypt’s Minister of Education and Technical Education, Mohamed Abdel-Latif, met on Monday with Greece’s Minister for Education, Religious Affairs, and Sport, Kyriakos Pierrakakis, and the Greek Ambassador to Egypt, Νikolaos Papageorgiou, to discuss potential collaboration in the development of pre-university education. Abdel-Latif emphasized the growing importance of digital learning and…