رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

21 فبراير 2026

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رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

الوسم: alekhbaryia

New Era Developments drives strong project delivery, unveils ambitious expansion plans

Posted on by aberabozaher

New Era Developments announced that it is accelerating construction across its diverse portfolio of projects, reaffirmed its commitment to on-time delivery, top-quality standards, and meeting clients’ expectations.

This effort comes in tandem with the rollout of an ambitious expansion strategy the company plans to implement in the near future.

New Era Developments

Eng. Mina Youssef, Chairman of New Era Developments, stated that commitment and quality are core values the company never compromises on, noted that New Era is currently advancing the construction of multiple projects simultaneously at an accelerated pace to ensure on-time delivery to its clients.

Youssef added that sustaining this momentum underscores the company’s credibility, professionalism, and unwavering dedication to honoring its commitments.

He added that the company is not only focused on executing its current projects but is also preparing to launch a variety of new developments in the coming period to meet clients’ needs and diversify its investment portfolio. Additionally, the company aim to strengthen its position as one of the leading developers in West Cairo, providing it with a strong competitive edge that combines innovation, quality, and commitment.

Meanwhile, Emad Maher, Vice Chairman of New Era Developments, said that the company boasts over 23 years of experience in delivering a diverse range of projects across West Cairo.

He emphasized that this extensive track record has been instrumental in establishing New Era’s strong market reputation, allowing it to strategically select prime locations and implement the highest technical and engineering standards across all its developments.

He explained that this extensive experience not only reflects the company’s history but also serves as a solid foundation that enables it to accelerate project execution and ensure strict adherence to delivery timelines. This, in turn, enhances clients’ trust in New Era’s projects and positions the company as one of the most reliable and leading developers in the market.

 

نيو إيرا للتطوير العقاري

For his part, Bassem Nasry, General Manager of the company, stated that New Era Developments has evolved from developing standalone projects to launching fully integrated residential communities, reflecting a well-planned and gradual growth strategy based on clear and defined objectives.

Nasry highlighted the importance of having a clear long-term plan that the company adheres to, as it helps safeguard operations against potential economic fluctuations.

He added that the company initially developed standalone projects before deciding to expand and execute larger-scale developments. It launched its first residential compound, Nabaa, covering an area of 5 feddans, with 85% of construction completed to date.

The company then launched its second project, Meray 1 Compound, spanning over 7.5 feddans in the Green Belt – Plot 10 area, New Zayed. The project consists of standalone villas, each with a private swimming pool, and 80% of the project has been completed and fully sold in record time.

He added that the company has also launched Meray 2 in the Green Belt area, a residential compound featuring standalone villas and twin houses over an area of 10 feddans.

The company has ambitious plans to announce more distinctive projects in the near future, Nasry concluded.

Tally Solutions Highlights Innovations in Compliance and Cloud Access at GITEX 2025

Posted on by aberabozaher

 Tally Solutions, a leading international technology company providing trusted business management software, is set to showcase its latest innovations at GITEX 2025 under the theme “e-Invoicing, e-Filing, e-z with TallyPrime.” Visitors can experience the Connected e-VAT Return feature for seamless and secure e-filing directly to EMARATAX, and TallyPrime Cloud Access, which enables anytime, anywhere access to business data while maintaining local data law compliance. The offerings will be showcased at Hall 7, Booth C15 from October 13th to 17th, 2025, at the Dubai World Trade Centre.

Tally Solutions

This marks Tally Solutions’ 11th consecutive year at GITEX, reaffirming its commitment to supporting businesses in the Middle East with simple, secure, and compliant technology. This year’s booth will feature interactive demos, product walkthroughs, and expert sessions designed to help MSMEs streamline operations and manage compliance effortlessly.

Vikas Panchal, General Manager – MENA, Tally Solutions, said, “GITEX has been a significant part of our journey for over a decade, and as we celebrate our 11th year, our commitment to innovation, customer success, and responsible technology adoption remains stronger than ever.

 

تالي سوليوشنز

Our continued focus on simplifying business management and compliance aligns closely with the UAE’s vision of driving digital transformation, innovation, and SME empowerment. As businesses across the region embrace new technologies, our goal is to help them do so confidently, securely, and effectively, enabling growth with transparency, agility, and trust.”

 

Tally’s technology experts will also lead sessions on simplifying compliance for MSMEs. Key topics include ‘Get e-Invoicing Ready’ and ‘Connected e-VAT Return’, demonstrating how businesses can stay ahead of evolving regulations with ease. The sessions reflect Tally’s ongoing commitment to empowering entrepreneurs and finance professionals to adopt technology confidently, manage operations efficiently, and ensure compliance readiness in a dynamic digital environment.

As the region continues to embrace digital transformation, Tally remains dedicated to supporting entrepreneurs and MSMEs in their growth journey. Through its trusted technology, deep market understanding, and strong local partnerships, Tally aims to make business management perfectly simple—helping enterprises across the UAE and beyond operate with greater efficiency, confidence, and compliance.

 

 


About Tally Software Solutions FZCO
Tally Software Solutions FZCO is a pioneer in the business management software industry. Accredited by the FTA and the ZATCA, Tally Solutions has been present in the GCC for the last decade and has helped over 70,000 businesses in the country with their accounting, inventory, and compliance needs. Since its inception in 1986, Tally’s simple yet powerful products have been revolutionizing the way businesses run.

 

Having delivered path-breaking technology consistently for more than 3 decades, Tally symbolizes unmatched innovation and leadership. With the trust of over 2.6 million businesses worldwide, it caters to more than 7 million users across industries in over 100 countries.

GITEX GLOBAL 2025 Highlights Cyber Resilience and National Digital Security Strategies

Posted on by doha

GITEX GLOBAL 2025 set a new standard in global digital collaboration as cybersecurity

AI trust, and quantum resilience took center stage Ministers, CISOs, and industry leaders

from around the world convened to redefine the pillars of digital security, cyber resilience

and economic transformation amid rising AI threats

Cybersecurity and AI Trust: The Core of National Digital Strategies

GITEX GLOBAL H E Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence

Digital Economy and Remote Work Applications, emphasized the UAE’s role as a

global technology hub”GITEX embodies the UAE’s vision and leadership in technology

We must prioritize AI capacity-building and risk management through agile, well-informed

regulation to effectively manage AI’s evolving impact

Dr Mohamed Al Kuwaiti, Head of Cybersecurity for the UAE Government, unveiled the UAE

Cybersecurity Vision 2025 report, highlighting an integrated framework combining governance

AI-driven threat detection, and public cyber awareness He stressed the importance of

cultivating a strong cyber culture”People remain our first line of defense in building national cyber resilience

Global Collaboration Against Cybercrime and AI-Driven Threats

Dr Neal Jetton, Director of Cybercrime at INTERPOL, outlined the international fight

against cybercrime, noting the increased use of AI by criminals

“INTERPOL unites countries and private sector leaders to enhance global

cybercrime defenses against increasingly sophisticated AI-driven attacks

Estonia’s Minister of Justice and Digital Affairs, H E Liisa-Ly Pakosta, highlighted the vital

role of international cooperation”Every cyberattack impacts beyond borders, making global

collaboration essential for resilient digital nations

Innovation on the Show Floor: Leading Cybersecurity and AI Solutions

GITEX 2025’s exhibition showcased cutting-edge innovations shaping secure

digital transformation Huawei presented over 80 AI-driven solutions across industrial

intelligence, cloud services, data centers, and intelligent campuses. The launch of the

ICT Skills Development Insights Report 2025 in partnership with UNESCO IITE reinforced

efforts to build a skilled digital workforc

OPSWAT demonstrated advanced cybersecurity solutions including the MetaDefender

Optical Diode for secure OT/IT data transfer, while Fortinet showcased FortiGuard Incident

Response & Readiness, offering AI-powered, subscription-based cybersecurity services

CrowdStrike highlighted its cloud-native Falcon platform, which has achieved a 98% reduction

in critical vulnerabilities across endpoints, cloud workloads, and identity protection

Strategic Partnerships to Strengthen Dubai’s Cybersecurity Infrastructure

A landmark Memorandum of Understanding (MoU) was signed between Dubai Municipality and

Fortinet International to enhance AI-enabled cybersecurity frameworks across Dubai’s public

sector, bolstering secure digital infrastructure and smart city initiatives

Looking Ahead: GITEX GLOBAL 2025 Wrap-Up and Future Vision

As GITEX GLOBAL 2025 approaches its final day on October 17, the event continues to drive

innovation across AI, cybersecurity, cloud computing, quantum technologies, data centers, robotics

and digital health The 45th edition has attracted over 6,800 exhibitors, 2,000 startups, 1,200 investors

and delegates from 180+ countries, underscoring GITEX’s status as a premier global tech platform

Next year, GITEX GLOBAL will move to the new Dubai Exhibition Centre at Expo City Dubai, running

from December 7-11, 2026, promising even greater opportunities for digital transformation and business growth

Ericsson and e& Egypt Extend Partnership to Enhance Core Network and Accelerate 5G Readiness

Posted on by doha

Ericsson and e& Egypt have strengthened their long-standing partnership

by signing a comprehensive four-year agreement aimed at modernizing and

expanding e& Egypt’s core network infrastructure and IT systems This strategic

collaboration focuses on accelerating the adoption of Voice over LTE (VoLTE) and

advancing 5G network readiness through a cloud-native transformation program

Long-Term Partnership to Enhance Egypt’s Telecommunication Network

Building on years of successful cooperation, Ericsson and e& Egypt will collaborate

to upgrade core network applications and expand network infrastructure This modernization

is designed to enrich communication services across Egypt and improve user experience by

supporting the rollout of new services and accelerating the adoption of next-generation

technologies like VoLTE and 5G

Core Network Modernization and IT System Upgrades

The agreement outlines significant enhancements to e& Egypt’s data management

capabilities, including the migration from the legacy Unified Data Consolidation (UDC)

system to the cloud-native Unified Data Management (UDM) platform Additionally, key

core network applications such as the IP Multimedia Subsystem (IMS) will be upgraded to

provide enriched communication services

Further improvements include the deployment of Ericsson Dynamic Activation (EDA)

and the Service-Aware Policy Controller (SAPC) to streamline operational processes and

optimize Quality of Service (QoS) for end-users

Cloud-Native Infrastructure and Advanced Billing Solutions

Ericsson will also modernize e& Egypt’s network infrastructure by deploying Cloud Native

Infrastructure Solution (CNIS) and Network Functions Virtualization Infrastructure (NFVI)

to support a more agile and scalable network architecture

The agreement extends to upgrading Ericsson’s billing, mediation, and charging systems

incorporating the Charging Access Function (CAF) These enhancements will boost e& Egypt’s

operational capabilities in the 5G era, enabling new business opportunities and competitive marketing strategies

Accelerating 5G Readiness and Emerging Use Cases

The technology upgrades under this agreement will optimize network operations and

service delivery, facilitating the monetization of emerging use cases such as 5G and the

Internet of Things (IoT) By accelerating the cloud-native transformation, e& Egypt aims

to deliver superior network performance and future-proof its infrastructure

Executive Insights on the Strategic Agreement

Amr Fathy, Chief Technology and Information Officer at e& Egypt, stated

This agreement builds on our enduring partnership with Ericsson and supports

our network transformation journey The integration of key technologies will accelerate

VoLTE adoption and enable us to introduce innovative services, ultimately strengthening

our network’s agility and future readiness

Kevin Murphy, Vice President and Head of Ericsson North Middle East, added

Extending our collaboration with e& Egypt is a pivotal step in enabling the operator

to accelerate VoLTE adoption, launch new services, and establish a cloud-native

5G-ready network This partnership reflects our shared commitment to advancing

network capabilities through structured transformation

A Legacy of Collaboration Between Ericsson and e& Egypt

Ericsson and e& Egypt have a long-standing history of collaboration

spanning multiple generations of mobile technology Currently, e& Egypt operates

Ericsson’s end-to-end Business and Operations Support System along with the

Core Network Management (CNM) portfolio, guided by a clear strategic roadmap from Ericsson

Orange Egypt Supports Cairo International Arts District 2025 to Elevate Art and Culture in Egypt

Posted on by doha

Orange Egypt has officially announced its sponsorship of the 5th edition

of the Cairo International Arts District (CIAD), a flagship cultural fair organized

by Art D’Égypte, part of the CulturVator initiative Taking place from October 12 to

November 16, the event transforms Khedivial Cairo’s historic venues into vibrant spaces

showcasing the works of over 150 local and international artists, along with an extensive

program of cultural activities and interactive art experiences

Orange Egypt Strengthens Role in Supporting Art and Culture in Egypt

As a leading telecommunications provider, Orange Egypt continues its mission to

empower communities by promoting art and culture in Egypt This strategic partnership

underscores the company’s commitment to cultural engagement, social innovation, and

enhancing digital integration in the arts Orange Egypt is offering comprehensive

communication services for the event, ensuring seamless connectivity and digital support

for artists, curators, visitors, and event organizers This technological backing enables a

smooth and immersive experience for all participants

Historic Cairo Becomes a Canvas for Contemporary Art

The 2025 edition of CIAD takes place across restored heritage landmarks in downtown Cairo, including

Villa Victoria

Villa Violet

Welad El Balad

Kodak Alley

Rooftop of the Shorbagy Building

These iconic venues serve as open galleries, reinforcing Cairo’s identity as a regional cultural capital

Art Mentors Program: Empowering Youth Through Culture and Education

In collaboration with UNESCO, Orange Egypt supports the “Art Mentors” program

one of the fair’s key educational initiatives The program is designed to engage university

students, art students, and young creatives, offering them hands-on experience in the

field of contemporary art

Participants benefit from

Workshops and direct interaction with international artists

Educational lectures and digital art seminars

Organized visits for schools and universities

Certificates of appreciation upon completion

This initiative reflects Orange Egypt’s vision of inclusive access to arts

education and fostering intercultural dialogue through creativity

South Korea Named Guest of Honor: Celebrating 30 Years of Cultural Exchange

For the first time, the Cairo International Arts District is featuring South Korea as the

guest of honor, in partnership with the Korea Foundation for International Cultural Exchange

(KOFICE) The 2025 edition showcases six leading South Korean contemporary artists, marking three

decades of cultural and diplomatic relations between Egypt and South Korea

Orange Egypt’s Cultural Legacy and Social Responsibility

Orange Egypt has a history of championing art exhibitions and cultural projects. Earlier this year

the company sponsored the “Le Printemps des Artistes” art and charity exhibition, held under

the patronage of the French Embassy in Egypt The event brought together 79 artists and

raised funds for Samusocial International Égypte, a local NGO that supports street children

and vulnerable young women

Statement from Orange Egypt’s Chief Communications Officer

Maha Nagy, Chief Communications Officer at Orange Egypt, stated

At Orange, we believe that art is the language of the future By merging art with technology

we help shape a more innovative and inclusive reality

We are proud to support the Cairo International Arts District and to continue empowering

emerging artists, while showcasing Egypt’s vibrant cultural landscape to the world

Conclusion: Cementing Egypt’s Place as a Cultural Leader

Through its involvement in CIAD 2025, Orange Egypt reinforces its strategic role

in promoting art, education, cultural heritage, and social development The event

serves as a testament to the power of public-private partnerships in shaping Egypt’s global cultural identity

Connect Homes Unveils New App Empowering Freelancers in the Real Estate Market

Posted on by Fatma abdelhamed

Connect Homes, a leading real estate consultancy company, has officially launched its new digital platform, “Connect Homes Freelancers,” designed to empower and support freelancers in the real estate market.

The new app aims to create a more efficient, professional, and organized environment for real estate freelancers by streamlining business management and providing advanced technological tools.

A Technological Step Toward Supporting Freelancers in the Real Estate Market

Omar El Masry, Community Program Director at Connect Homes, stated that the launch of the new app addresses daily challenges faced by freelancers in real estate marketing.

.The initiative reflects the company’s commitment to offering innovative, tech-driven solutions that enhance productivity and efficiency across the sector

.He explained that the Connect Homes Freelancers App provides comprehensive and up-to-date information on real estate projects from various developers

The app focuses on easy classification and accessibility, featuring a centralized database of all property developers and their projects, updated daily for accuracy and reliability.

Smart Tools for Efficiency and Transparency

El Masry emphasized that the app’s structure offers freelancers a practical and efficient way to organize their work and improve performance. It also includes an advanced full inventory system that enables users to filter properties based on area, location, or price, ensuring quick access to relevant listings within seconds.

:The app’s key features include

.A real-time inventory system updated daily

.An instant commission calculator to estimate returns before closing a deal

.The ability to send client offers with full financial details directly through the app

.A direct communication channel with real estate developers

.24/7 technical support for users

.Freelancers can receive 100% of their commission when completing sales through the app

Empowering Freelancers Through Digital Transformation

According to El Masry, the launch aligns with Connect Homes’ digital transformation strategy, which focuses on leveraging technology to enhance transparency, accessibility, and profitability for independent real estate marketers.

“The Connect Homes Freelancers app offers a fully integrated digital ecosystem that allows freelancers to manage their businesses easily, stay organized, and achieve higher financial returns,” he added.

Expanding Growth and Regional Presence

El Masry highlighted that Connect Homes’ success has fueled its market expansion, with multiple branches now operating in Egypt, including Fifth Settlement and Sheraton, and a new branch recently opened in Dubai.

.The company’s continuous growth underscores its strong market presence and commitment to innovation in real estate consultancy and marketing

“At Connect Homes, we are always keen to deliver the best services to our partners,” El Masry concluded. “We value building long-term relationships founded on trust, transparency, and mutual success.”

Orange Egypt Continues Its Partnership with El Gouna Film Festival as Official Telecom Provider

Posted on by doha

 Orange Egypt has proudly announced its sponsorship of the eighth edition

of the El Gouna Film Festival (GFF), reaffirming its role as the official telecom

partner of one of the Middle East’s most prestigious cultural events The festival

will be held from October 16 to 24, 2025, in the picturesque Red Sea resort town

of El Gouna, under the theme “Cinema for Humanity”, showcasing a diverse lineup

of international stars and filmmakers

Orange Egypt’s Longstanding Commitment to Supporting El Gouna Film Festival

Marking its eighth consecutive year of partnership, Orange Egypt’s sponsorship

of the El Gouna Film Festival underscores its dedication to fostering creativity and

cultural exchange through cinema The festival plays a pivotal role in promoting

cross-cultural dialogue and international communication in the Middle East via the power of film

Empowering Emerging Talent and Encouraging Innovation in Cinema

Orange Egypt’s support extends beyond sponsorship the company actively

participates in the festival’s initiatives to discover and nurture young talent

Through various awards and programs, the festival highlights innovation and originality

aligning with Orange Egypt’s vision of encouraging the next generation of filmmakers

and creative professionals

Exclusive Offers and Digital Experiences by Orange Egypt During the Festival

Throughout the festival, Orange will offer a range of exclusive promotions

including special discounts and benefits in collaboration with its partners These

offers are designed to enhance customers’ digital lifestyles by integrating entertainment

technology, and smart services seamlessly In addition, Orange Egypt will present unique

deals specifically tailored for festival attendees and entrepreneurs These promotions will be

accessible at Orange’s retail stores, reinforcing the company’s commitment to providing

exceptional digital experiences that go beyond traditional telecommunications

Leadership Insight: Orange Role in Merging Art and Technology

Maha Nagy, Chief Communications Officer at Orange , emphasized the

significance of this enduring partnership Our continuous support of the El Gouna

Film Festival since its inception reflects our belief that art and technology converge

to shape a more creative future Advanced digital solutions empower filmmakers and

audiences alike, delivering more interactive and innovative experiences This partnership

solidifies Orange Egypt’s role as a key supporter of artistic creativity in Egypt

Central Bank of Egypt and Chinese Regulator Ink MoU on Financial Sector Cooperation

Posted on by doha

As part of the ongoing efforts to deepen strategic bilateral relations

between the Arab Republic of Egypt and the People’s Republic of China

the Central Bank of Egypt (CBE) hosted a high-level Chinese delegation led

by Mr FU Wanjun, Vice Minister of the China National Financial Regulatory

Administration (NFRA), during an official visit to Cairo

Mr Tarek ElKholy, Deputy Governor of the Central Bank of Egypt, welcomed

the delegation at the CBE headquarters, where both sides held in-depth

discussions on strengthening regulatory cooperation in the banking sector

enhancing cross-border supervision, and developing robust channels for

knowledge sharing and technical collaboration

MoU Signed to Facilitate Licensing, Cross-Border Supervision, and Exchange of Information

 Central Bank The meeting culminated in the signing of a Memorandum of Understanding (MoU)

between the CBE and NFRA, aimed at bolstering joint financial regulatory efforts

The MoU includes provisions for

Licensing coordination for banks and financial institutions operating in either country

Supervisory cooperation regarding cross-border banking activities

Exchange of supervisory information to promote financial system safety and stability

Technical training and capacity building in the area of banking supervision

The agreement aligns with the legal and regulatory frameworks of both countries

and reinforces their mutual commitment to regulatory transparency, effective supervision

and the stability of financial institutions

Commitment to Modernizing Supervision Through AI and Regulatory Innovation

Deputy Governor Tarek ElKholy highlighted the importance of the visit and expressed

appreciation for the strong cooperation between Egypt and China. He emphasized that

the MoU presents a valuable opportunity to expand financial collaboration and regulatory

harmonization, particularly in The use of advanced technologies and artificial intelligence

in banking supervision

Policy dialogue on regulatory reforms and updates

Ensuring financial stability through collaborative oversight of regulated institutions

He also reaffirmed the CBE’s commitment to building long-term partnerships with international

regulatory counterparts to support a more resilient and innovative banking sector

 Central Bank : The MoU Marks a Milestone in Financial Regulatory Cooperation

 Central Bank Speaking during the event, Mr FU Wanjun, Vice Minister of NFRA, expressed his

appreciation for the hospitality and the shared vision between both institutions

He praised the efforts made to strengthen bilateral cooperation and stated that the

MoU represents a key milestone in

Institutionalizing regulatory dialogue between the CBE and NFRA

Sharing best practices in financial regulation and risk management

Building a foundation for future collaboration in areas of mutual strategic interest

He concluded by emphasizing that this agreement lays the groundwork for sustained regulatory

coordination, especially as both nations continue to modernize their financial systems and adapt

to emerging global challenges

Banque Misr Partners with Moody’s to Launch TP Catalyst Platform for the First Time in Egypt

Posted on by doha

In a pioneering move that reinforces Banque Misr’s leadership in the Egyptian

banking sector, the bank has signed a strategic cooperation protocol with Moody’s

becoming the first bank in Egypt to adopt the Moody’s TP Catalyst platform The globally

recognized solution enhances transfer pricing analysis, tax governance, and promotes

transparency and regulatory compliance The signing ceremony was attended by Mr Ahmed Issa,

Executive Vice President of Banque Misr, and Mr Brendan Gavaghan, Head of Middle East and South

Asia at Moody’s The agreement was officially signed by Mr Mohamed Sherif, Chief Financial Officer

at Banque Misr, and Mr David Tim Njoroge, Head of Transfer Pricing and Tax Solutions for the Middle

East and South Asia at Moody’s, along with a distinguished delegation from both institutions

TP Catalyst: Enhancing Transfer Pricing Risk Management and Strategic Decision-Making

With this partnership, Banque Misr will leverage Moody’s TP Catalyst, a leading

global solution that facilitates in-depth transfer pricing risk assessment The platform enables the bank to

Strengthen international tax compliance

Enhance transfer pricing risk management across its subsidiaries

Improve strategic decision-making

Build a robust, future-ready transfer pricing framework

Banque Misr Affirms Commitment to Global Standards and Sustainable Growth

Commenting on the collaboration, Mr Mohamed Sherif, CFO at Banque Misr, stated

This strategic partnership represents more than just a technological advancement

it underscores Banque Misr’s unwavering commitment to fairness, sustainable growth, and

adopting international best practices It also aligns with our vision to integrate innovative solutions

that enhance transparency, governance, and operational efficiency across our local and international activities

From Moody’s side, Mr Brendan Gavaghan added”We are proud to partner with Banque Misr on this

landmark initiative By establishing a dedicated transfer pricing and international tax management function

Banque Misr is setting a new standard for the financial sector in Egypt and beyond With TP Catalyst, the

bank is not only ensuring compliance but also unlocking strategic value that will drive sustainable growth

First-of-its-Kind Initiative in Egypt’s Banking Industry

The adoption of TP Catalyst marks a first in the Egyptian banking sector, showcasing

Banque Misr’s proactive role in embracing digital transformation, fiscal transparency

and advanced tax technologies It highlights the bank’s leadership in setting a precedent for

Tax governance innovation

Establishing a centralized transfer pricing function

Creating a replicable model for tax compliance and risk management across the region

Supporting Egypt’s Sustainable Development Vision

This initiative aligns with long-term strategy to support Egypt’s economic

development goals by embracing digital innovation, transparency, and international compliance

standards The move further consolidates the bank’s role as a key player in advancing sustainable

financial practices in Egypt and the wider MENA region

SUD Delivers First Villas in New Mansoura with The Pearl Project Launch

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In a festive celebration, Safwa Urban Development (SUD) officially became the first real estate

developer to hand over units in New Mansoura City, marking a historic achievement in Egypt’s

growing urban development landscape The event, held to commemorate the delivery of several

villas within The Pearl project, highlighted SUD’s unwavering commitment to on-time delivery and

high construction standards

 Homeowners Rejoice as The Pearl Villas Are Delivered

The handover ceremony witnessed a large turnout of happy homeowners, who gathered

to receive their units and celebrate the milestone Clients were invited on stage to take

commemorative photos in a vibrant atmosphere filled with pride and joy As a gesture of

appreciation, SUD surprised homeowners with valuable gifts and a one-year complimentary

medical insurance plan, reinforcing its dedication to customer satisfaction and long-term relationship building

 Commitment Amid Challenges: SUD Sets New Standards

Despite prevailing economic and market challenges, SUD emphasized its commitment to

executing and delivering its projects without delay This achievement adds to the company’s

portfolio of successful developments across Egypt, positioning it as a leader in New Mansoura

real estate The company also announced the launch of a new phase of The Pearl, offering

flexible payment plans starting with a 10% down payment and installments over 10 years

Units in this phase start from 57 sqm and will be delivered in a semi-finished condition, catering

to diverse buyer needs

 The Pearl: A Fully Integrated Living Experience in New Mansoura

Strategically located just 10 minutes from Delta University and New Mansoura University

The Pearl spans over 60 acres with a 550-meter beachfront. A standout in real estate in Egypt’s

Delta region, the project dedicates 77.5% of its area to green spaces and features a wide range

of unit types, including villas and townhouses Residents will also benefit from high-end amenities

such as a clubhouse, luxury hotel, and New Mansoura’s first open-air commercial mall spread

across 12 acres. The project’s architecture follows world-class design standards, emphasizing

elegance and functionality

 Record ROI and Strong Demand from Local and International Buyers

The Pearl project has proven to be a lucrative investment, attracting buyers from within Egypt

and abroad Between 2019 and 2024, the project achieved an impressive return on investment

of approximately 350%, reflecting the strong demand and trust in SUD’s developments

Sales soared in the first half of 2025, further cementing The Pearl as a premier choice in

Egypt’s real estate market

 Distinguished Guests and Entertainment Highlight the Grand Ceremony

The event featured the participation of several prominent figures Mr Ahmed El-Adl

Deputy Governor of Dakahlia, applauded SUD’s adherence to project timelines and its

role in boosting public-private partnerships in urban development Eng El-Sayed Hammam

Head of the New Mansoura City Authority, praised the project’s exceptional quality and prime

location Senator Tarek Abdel Hady and Mr Hazem El-Naggar, Head of the Journalists Syndicate

in Dakahlia, also commended SUD’s excellence in execution and the well-organized celebration

A special presentation by Dr Hesham Hilal, CEO of Criteria Design Group, showcased the advanced

design and engineering collaboration that contributed to the project’s success

 Star-Studded Celebration with Entertainment and Glamour

Egyptian actress Bushra opened the ceremony, expressing her delight at being part of a

celebration that highlights New Mansoura’s transformation into a thriving urban hub

The evening was further enlivened by performances from popular artists including Nicole Saba

 who delivered a high-energy musical set, and magician Chris El Masry, who captivated the audience

 A saxophone performance by actress Rahma Hassan provided a refined musical finale, earning

widespread applause Celebrity guests such as Rogina, Dalia Mostafa, Rania Mansour, Khaled Selim

and Mohamed Nour also attended, praising the elegance of The Pearl and the sophistication of the event

 Looking Ahead: SUD Expands Its Vision in Egypt’s Real Estate Market

With the successful handover of The Pearl’s first villas, SUD not only reinforces its position

as a trusted real estate developer in Egypt but also sets the stage for future growth in New

Mansoura City and beyond The newly launched phase offers prospective homeowners and

investors a chance to be part of one of Egypt’s most ambitious and promising urban developments

FATF Highlights Egypt’s Financial Inclusion Strategy as a Global Best Practice

Posted on by doha

The Financial Action Task Force (FATF) has officially recognized Egypt’s experience

as one of the international best practices in balancing financial inclusion with adherence

to anti-money laundering (AML) and counter-terrorist financing (CFT) standards The recognition

was highlighted in FATF’s updated Guidance on Financial Inclusion and AML/CFT Measures, released

in June 2025 This milestone underscores Egypt’s leadership in financial reform, spearheaded by the

Central Bank of Egypt (CBE) in collaboration with the Egyptian AML/CFT Unit, demonstrating how

regulatory innovation can expand access to finance while preserving financial integrity

Who is FATF and Why This Recognition Matters

Established in 1989 and headquartered in Paris, the FATF is a 40-member intergovernmental

body that sets international standards to combat money laundering, terrorist financing, and the

financing of proliferation of weapons Its guidelines influence national regulations and global

compliance practices across all financial systems By featuring Egypt’s approach as a model for

other countries, the FATF affirms that inclusive financial systems can and must coexist with

robust financial crime controls

CBE’s Balanced Approach: Inclusion with Integrity

According to the FATF Guidance, the CBE has played a pivotal role in designing

and implementing comprehensive regulatory frameworks that support equitable access

to financial services, while maintaining strict AML/CFT compliance. These efforts have

helped economically empower underserved populations without compromising the safety

and transparency of Egypt’s financial system

Among the most impactful CBE initiatives

Simplified customer due diligence (CDD) for individuals and micro-enterprises

Opening bank accounts for youth (ages 15+), craftsmen, and freelancers using national ID only

Allowing banking agents to verify customer identity, expanding financial outreach

Development of tailored financial products for women, youth, and people with disabilities

Advancing Digital Financial Inclusion in Egypt

In line with Egypt’s national digital transformation strategy, the CBE has advanced

digital financial inclusion by

Promoting the adoption of e-wallets and prepaid cards

Issuing licensing and regulatory frameworks for digital banks

Supporting remote access to financial services, especially in underserved areas

These digital policies are designed to bridge the financial access gap, especially in rural

regions, while ensuring all digital channels meet security and compliance standards

Strengthening Egypt’s Financial Infrastructure

The CBE’s vision also includes strengthening key financial institutions

Enhancing the role of I-Score (the Egyptian Credit Bureau) in assessing creditworthiness

Expanding the function of the Credit Risk Guarantee Company to support financing for SMEs

a vital driver of Egypt’s economy

These measures reflect Egypt’s commitment to building a resilient financial system that

supports innovation, financial access, and economic growth

A Strategic Milestone: Remarks by CBE Governor Hassan Abdalla

Commenting on the FATF recognition, CBE Governor H.E. Mr. Hassan Abdalla stated

This global recognition reinforces our strategic commitment to building an inclusive financial

system that protects national financial stability while empowering citizens through access to

formal financial services He added that the recognition reflects the fruitful cooperation between

the CBE, the AML/CFT unit, and other national stakeholders, and serves as validation of Egypt’s

leadership in the financial regulatory landscape

Egypt’s Role in Shaping Global AML/CFT and Inclusion Standards

The updated FATF guidance was developed in collaboration with key international stakeholders

including the Central Bank of Egypt and the Egyptian AML/CFT Unit. This participation reflects

Egypt’s thought leadership and influence in shaping global financial inclusion and compliance strategies

The document encourages countries worldwide to adopt risk-based, proportionate approaches to AML/CFT

compliance that do not hinder financial inclusion goals — a balance Egypt has demonstrably achieved

Egypt’s inclusion in the FATF’s list of global best practices reaffirms its position as a regional and international

leader in financial inclusion, AML/CFT regulation, and digital transformation. With the continued efforts

of the Central Bank of Egypt, Egypt is well-positioned to remain a benchmark for how developing

economies can achieve inclusive, safe, and compliant financial systems

LG Beats Market Expectations in Q3 2025 with Record Vehicle Solutions Performance

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LG Electronics announced its preliminary Q3 2025 earnings with KRW 21.88 trillion

in revenue and KRW 688.9 billion in operating profit, surpassing market forecasts thanks

to strong performance in vehicle solutions, home appliances, and subscription services

Q3 2025 Highlights: Revenue and Profit Beat Market Forecasts

LG Electronics Inc (LG) has announced its preliminary earnings for the third quarter of 2025

reporting consolidated revenue of KRW 21.88 trillion and operating profit of KRW 688.9 billion

Despite facing external challenges such as rising U S tariffs, both figures outperformed market

expectations Revenue marked the second-highest Q3 performance in LG’s history, while operating

profit exceeded recent forecasts by over 10% However, operating profit declined year-on-year due

to non-recurring factors, including increased tariff-related costs amid shifting global trade dynamics

Vehicle Solutions and Home Appliances Drive LG’s Growth

 ability to outperform market expectations was largely driven by robust performance

in key and future-oriented segments, particularly its vehicle solutions and home appliance businesses

The vehicle solutions division is expected to have achieved record profitability, driven by strong demand

for premium in-vehicle infotainment systems This contributed to improved operating margins, while the

business continues expanding its portfolio into vehicle content platforms beyond traditional hardware

Meanwhile, the home appliance business maintained its leadership in the premium segment despite

continued tariff pressure on U S exports and sluggish global demand recovery. This stability was supported

by optimized production, efficient resource allocation, and ongoing growth in subscription-based appliance

services a key pillar of LG’s non-hardware platform expansion

Strengthening B2B and Subscription Services for Sustainable Growth

LG continues to reinforce its business fundamentals through a strategic focus on qualitative growth

emphasizing B2B operations such as HVAC solutions and vehicle systems The company is also expanding

non-hardware platforms, including its appliance subscription model and webOS smart TV platform, which

are gaining traction in the global market In addition, the upcoming IPO of LG Electronics India Limited

is expected to provide substantial funding to accelerate structural improvements and support long-term

growth initiatives

webOS Platform and Global South Expansion

The media and entertainment division faced increased marketing expenses due to intensifying

competition in the global TV market LG plans to enhance the competitiveness of its webOS platform

by growing its advertising capabilities and expanding its digital content offerings

The company is also focusing on the Global South, where demand for televisions remains relatively

stable, offering new opportunities for market penetration and revenue diversification

Eco Solutions Business: A Strategic Growth Engine

LG’s eco solutions business is rapidly expanding into future-focused markets, including commercial

HVAC systems, industrial chillers, and power plant cooling technologies The company has secured

major projects involving AI-powered data center cooling in North America, Latin America, the Middle

East, and Asia LG is also preparing to commercialize next-generation liquid cooling solutions

for data centers, a technology expected to play a major role in future business expansion and

long-term growth

Final Earnings and Division Details to Be Announced

These results represent preliminary consolidated earnings based on Korean International

Financial Reporting Standards (K-IFRS) and are provided as an investor service Net profit figures

and detailed performance by division will be officially released later this month

 A Promising Outlook for LG Electronics

Despite global headwinds, LG Electronics Q3 2025 performance reflects the company’s strategic

agility and strength in innovative, future-oriented businesses With solid foundations in vehicle

solutions, home appliances, and subscription-based services, LG is well-positioned for continued

growth in the evolving global tech landscape