The Executive Board of the International Monetary Fund (IMF) completed on Monday the fourth review of Egypt’s economic reform program supported by the EFF arrangement, the Fund announced in a statement on Tuesday. This enables the authorities to immediately draw about $1.2 billion. In addition, the IMF Executive Board approved the authorities’ request for an arrangement under the Resilience and Sustainability Facility (RSF), with access of about $1.3 billion. The Executive Board also concluded the 2025 Article IV consultation with Egypt.
Author: nour mohamed
Elon Musk’s social media platform X has experience a massive cyber attack, Misk’s confirmed in a post on the platform. This confirmation comes after the huge outage hit the Musk’s platform in the UK and the US for about 30 minutes on Monday. According to Musk’s post: “There was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved”. X resumed this morning its normal operations after experiencing significant outages, as reported by the online outage tracker Downdetector. The…
Banknbox, a leading provider of digital services and payment technology, proudly announces the renewal of its PCI DSS (Payment Card Industry Data Security Standard) certification for the second consecutive year, achieving the highest Version 4 standard. Additionally, the company has successfully obtained the PCI PIN certification, reinforcing its commitment to the highest security and compliance standards. This achievement reflects banknbox Egypt’s dedication to implementing robust security measures across its infrastructure, ensuring a safe and secure digital payments ecosystem. Strategic Partnership with TechLine for Security Excellence Banknbox successfully navigated the certification process in collaboration with TechLine, leveraging its expertise in IT…
Samsung achieved a 28.3% market share in the global TV market in 2024, maintaining the number one ranking it has held since 2006, according to market research firm Omdia. This continued success is driven by the company’s commitment to premium and ultra-large screen innovation, as well as the introduction of cutting-edge, AI-powered TVs. “Samsung’s 19-year reign as the global TV market leader has been made possible by the trust and support of our customers,” said Hun Lee, Executive Vice President of Visual Display Business at Samsung Electronics. “We will continue to shape the future of the TV industry with innovations…
BME, a leading and fully integrated gaming and esports solutions provider, has unveiled a series of strategic partnerships aimed at reinforcing Egypt’s position as a global hub for gaming innovation and esports excellence. Key collaborations include agreements with Red Bull, Egypt’s Ministries of Education and Technical Education, and Youth and Sports, alongside ongoing partnerships with international powerhouses Riot Games Inc., a premier video game developer and esports organizer, and Tencent Holdings Ltd., a global leader in multimedia and gaming. The landmark three-year partnership with Red Bull is set to launch in 2025. This agreement positions Red Bull as one of…
Fawry Egypt’s leading fintech company, has announced strategic investments worth EGP 80 million in three prominent Egyptian technology companies, which are Dirac Systems, Virtual CFO, and Code Zone, acquiring equity stakes of 51.0%, 56.6%, and 51.0%, respectively. These investments align with Fawry’s growth strategy by expanding its ecosystem of business solutions “Fawry Business”. Through these strategic investments, Fawry continues to position itself as a leader in Egypt’s technology and fintech sector, offering a more robust suite of digital services to businesses while contributing to the growth and evolution of the country’s tech landscape. Dirac Systems, A leader in Enterprise Resource…
Damen ePayment is proud to announce that its innovative mobile payment application, Damen Cash, has been awarded the prestigious title of Best New Mobile Payment Application – Egypt 2024 at The Global Economics Awards. This recognition comes just one year after its launch, highlighting Damen Cash’s rapid impact on the digital payment landscape in Egypt. The Global Economics Awards team praised Damen Cash, stating, “Your commitment to advancing the mobile payment industry in Egypt is truly inspiring. We are thrilled to recognize Damen Cash for its exceptional contribution to financial inclusion and digital transformation.” Launched on February 19, 2024, Damen…
Orange Egypt has launched the Orange Egypt Artificial Intelligence Hackathon 2025 at its headquarters in Smart Village, reinforcing its commitment to fostering innovation and equipping young talent with the skills needed for the digital future. The two-day event, held on February 8 and 9, brought together top tech talents from leading Egyptian universities, supported by experts in technology and entrepreneurship. Under the theme “Where Ideas Spark,” the hackathon welcomed students majoring in computer science and engineering from Cairo University, Ain Shams University, ESLSCA Egypt University, the American University in Cairo, and the German University in Cairo. The competition challenged participants…
iSON Xperiences and global analytics software leader FICO recently hosted a successful event in Cairo, bringing together key figures from the Egyptian Banking and Financial Services sectors. The event focused on “The Hyper-Personalized World: Mastering Data, AI, and Decisions at Scale,” exploring how businesses within this dynamic sector can leverage cutting-edge technologies to enhance their ability to manage customers across the entire lifecycle. The Egyptian banking industry is undergoing rapid transformation, driven by digitalisation and evolving customer expectations. In this environment, personalised customer experiences are no longer a luxury, but a necessity. The partnership between iSON Xperiences and FICO focuses…
Nice Deer, the leading health insurance technology platform in Egypt, hosted the 2024 Healthcare Stars Awards Ceremony in collaboration with the Medical Service Workers Syndicate. This prestigious event recognized the top-performing medical service providers in the industry, highlighting their exceptional contributions to delivering the highest quality healthcare services. The awards ceremony was a testament to Nice Deer’s commitment to advancing Egypt’s health insurance system. As the largest health insurance technology platform in the country, serving over one million beneficiaries and a network of more than 8000 medical service providers, Nice Deer has consistently delivered innovative solutions that enhance efficiency, profitability,…
Casio Middle East & Africa, the regional subsidiary of Casio Computer Co., Ltd., in collaboration with Cairo Trading, the authorized distributor of Casio products in Egypt, hosted a special event in Cairo to celebrate 50 years of successful partnership. The event brought together industry leaders and Egyptian traders to commemorate the decades-long collaboration and shared commitment to providing high-quality, genuine calculators to the Egyptian market. Casio’s Commitment to Supporting Education and Professionals in Egypt On this occasion, Takashi Simiya, General Manager of Casio Middle East & Africa, stated: “At Casio, through our partnership with Cairo Trading, we contribute to Egyptian…
LOGIC Holding, a leading management consulting group in the MEA region, today announced the acquisition of a majority stake in NEXEL, a renowned digital transformation and innovation consulting firm. This strategic move amplifies LOGIC’s capabilities in delivering cutting-edge digital solutions while expanding its market reach across the Gulf. By integrating NEXEL’s expertise in enterprise architecture, artificial intelligence, e-commerce, cloud, data services, and sector-specific innovation, LOGIC strengthens its portfolio to meet surging demand for transformative digital service offerings. The partnership unlocks operational synergies, accelerates growth in key markets like Saudi Arabia, and positions LOGIC as the partner of choice for businesses…
realme, the world’s fastest-growing smartphone brand, is excited to announce its engaging participation at the upcoming Mobile World Congress (MWC) 2025 in Barcelona. The brand will spotlight the global and European launch of the groundbreaking 14 Pro Series, showcasing cutting-edge mobile technologies and unveil its ambitious three-year strategic plan during this significant event. With the slogan “Tech Drives. Style Thrives.”, realme is poised to make a striking debut at MWC 2025 with a dedicated showcase. The efforts highlight the brand’s commitment to technological innovation and exceptional design that resonates with young users globally. Attendees can expect groundbreaking technologies, including cutting-edge…
GAMERGY Egypt, one of the largest esports, gaming, and entertainment events in the world, announces the success of its inaugural edition in Egypt under the auspices of Dr. Ashraf Sobhy Amer, the Minister of Youth and Sports, and the Egyptian Esports Federation, hosted by IMKAN Misr at Alburouj New Heliopolis. GAMERGY Egypt gathered thousands of visitors from January 30 to February 1, who were able to enjoy a multitude of activities, with official attendance by Mr. Ahmed Abdel Khaleq, General Manager of Tourism and Sports Events at the Ministry of Youth and Sports. This event comes as part of the…
The National Telecommunications Regulatory Authority of Egypt (NTRA) announces that it will start to take the necessary technical measures to ban the activation of any new mobile phones that do not comply with internationally approved specifications and technical standards, particularly the standards of the Global System for Mobile Communications Association (GSMA), effective February 1st. This step is part of NTRA’s efforts to ensure protecting users’ rights, and their safety, as well as guaranteeing the provision of high-quality telecom services in Egypt’s market. As clarified by NTRA, non-compliant mobile phones have a direct negative impact on service quality for users and…
Dell reveals a new AI PC portfolio built for personal and professional computing. From sleek laptops to powerful workstations and versatile desktops, Dell’s new AI PC lineup lets you collaborate, create and drive productivity no matter the location. And now it’s easier than ever to find the right device with our new AI PCs unified under the Dell brand. Why it matters: The AI PC market is quickly evolving. Silicon innovation is at its strongest and everyone from IT decision makers to professionals and everyday users are looking at on-device AI to help drive productivity and creativity. To make finding…
In line with its commitment to fostering collaboration among all stakeholders and addressing industry needs, the organizing committee of the FDC Summit, the regional platform for the digital industry, announced the launch of its first event, the FDC Roundtable. The event witnessed wide participation from over 120 speakers representing key sectors. This initiative is part of the FDC Summit’s efforts to strengthen partnerships between the public and private sectors and civil society institutions, providing an effective platform for dialogue. The Roundtable brought together experts, decision-makers, investors, entrepreneurs, and representatives from local and global companies to exchange ideas, share expertise, and…
Dell is once again raising the bar with innovative new PC monitors that debut world’s first technology. Our latest flagship trio showcases industry-leading advancements in color accuracy, eye comfort and audio experience, offering an ideal canvas for creative professionals, engineers, tech enthusiasts or anyone in search of cutting-edge monitors. With world’s first enhanced IPS Black, QD-OLED panel technology, best eye comfort features, AI-enhanced 3D Spatial Sound and more, Dell continues to lead with innovation in the PC monitors space for more than a decade1. Why It Matters? Global shipments of PC monitors are steadily rising due to a growing requirement…
CorporateStack, a leading provider of digital transformation solutions, has announced a strategic alliance with Alkan East, a subsidiary of the globally recognized information technology firm and systems integrator Alkan CIT. The partnership designates Alkan East as CorporateStack’s official Value-Added Partner in Oman, marking a significant step in the region’s technological evolution. Alkan CIT, celebrated for its high-caliber solutions and services across Egypt, Africa, and the Middle East, brings to the table a wealth of experience and a robust foothold in Oman’s burgeoning market. The collaboration is set to empower a diverse range of clients, from enterprise-level corporations to government ministries,…
Alienware continues to lead in gaming monitor technology with QD-OLED advancements. After captivating gamers first with our 34-inch ultrawide QD-OLED model, we pushed boundaries even further by introducing a 32-inch model with 4K resolution, and a 27-inch model with a 360hz refresh rate last year. Now, in 2025, Alienware is back with yet another groundbreaking innovation – our latest QD-OLED innovation features the world’s highest pixels per inch in any OLED or QD-OLED monitor1, providing gamers with unparalleled visual clarity, speed and immersion. With the new Alienware 27 4K QD-OLED Gaming Monitor, a CES 2025 Innovation Award Honoree, gamers and…