رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

Appointment of Bassam Saeed as Chief Commercial Officer at ZG Developments as Part of West Cairo Expansion Plan

A Strategic Appointment to Accelerate Expansion in West Cairo

As part of its ambitious plan to strengthen its presence in West Cairo, ZG Developments has officially announced the

appointment of Bassam Saeed as the company’s new Chief Commercial Officer (CCO).

This strategic move aligns with the company’s vision to enhance its commercial structure, attract

top-tier industry talent, and drive long-term competitiveness in the rapidly evolving Egyptian real estate market.

ZG Developments emphasized that this appointment represents a key step in preparing the company for a new

phase of growth that focuses on innovation, strategic planning, and maximizing value for clients and partners.

Over 18 Years of Progressive Experience in Real Estate Development

With more than 18 years of experience in the real estate development sector, Bassam Saeed brings

a distinguished track record in building high-impact sales strategies, managing commercial operations, and leading

high-performing teams across several major markets in the region.

His extensive background has played a pivotal role in the exceptional success of the organizations he

previously managed, contributing significantly to strengthening their positions in competitive market environments.

Leadership Roles Across Prominent Regional Developers

Throughout his career, Saeed has held multiple senior leadership roles within major companies, including:

SAMCO

MERCON

Nakhil Developments

In these roles, he oversaw the development and execution of bold sales strategies, led large sales teams,

and implemented commercial plans that enabled these companies to surpass annual targets and expand their market influence.

Comprehensive Expertise Beyond Traditional Sales Management

Saeed’s professional expertise extends beyond sales leadership to include:

Strategic planning and market analysis

Developing marketing and commercial budgets

Managing human resources and operational processes

Enhancing organizational efficiency and flexibility

Identifying and capitalizing on promising investment opportunities

Aligning commercial strategies with long-term company goals

This broad skillset enables him to design integrated commercial models that can respond effectively to market challenges and emerging opportunities across Egypt’s most dynamic real estate destinations.

Saeed: “A New Phase of Growth and Strategic Integration Begins”

Commenting on his appointment, Bassam Saeed, the newly appointed CCO of ZG Developments, expressed his

pride in joining the company at what he described as a critical moment. According to Saeed, this period marks the beginning

of an ambitious expansion plan focused on launching impactful projects in West Cairo.

He noted that he is currently working in full coordination with the sales, operations, and marketing departments to develop

new strategies aligned with the company’s integrated growth plan. His aim is to position ZG Developments as a leading

force within the Egyptian real estate market by strengthening the commercial system and elevating team performance.

Saeed also highlighted that all departments within the company are preparing for a new phase of robust commercial

strategies designed to reinforce ZG Developments’ market leadership and accelerate its expansion objectives.

ZG Developments Expresses Optimism for the New Phase

In an official statement, ZG Developments confirmed its confidence in the appointment of Bassam Saeed to lead

the commercial sector, noting that his extensive expertise will significantly contribute to implementing the company’s

expansion strategy.

The company added that Saeed’s leadership is expected to usher the commercial sector into a

new era of growth by developing innovative business frameworks that enhance ZG’s competitiveness

and strengthen its presence in the Egyptian real estate landscape.

Madinet Masr and Waheej Real Estate Collaborate to Establish Citydom and Advance Sustainable Living in Saudi Arabia

 In a major strategic move within the Saudi real estate market, Madinet Masr

(EGX: MASR.CA), one of Egypt’s leading urban developers, and Waheej Real Estate, one of the fastest

-growing real estate companies in Saudi Arabia, announced the official launch of Citydom

a newly established joint venture aimed at creating next-generation, sustainable urban communities

aligned with Saudi Vision 2030

Citydom: A 50/50 Joint Venture Delivering Innovative Urban Solutions

Citydom was formed as an equal partnership, combining Waheej Real Estate’s deep local

market expertise with Madinet Masr’s six decades of urban development experience

This synergy is designed to create an advanced development model capable of delivering

integrated, culturally aligned, and sustainable urban solutions across the Kingdom

Exploring Land Acquisition in Al-Janadriyah to Develop a New Integrated Residential Community

As its first strategic step, Citydom is currently assessing the opportunity to acquire land

within the Al-Janadriyah masterplan in Riyadh, with the goal of developing a fully integrated

residential project in one of the city’s most promising and rapidly expanding areas

The project aims to introduce a new paradigm of modern living in Saudi Arabia, centered on

community, identity, and belonging—presenting a lifestyle that blends comfort, cultural identity

and long-term sustainability

Executive Statements Highlight the Significance of the Partnership

Commenting on the launch, Eng Abdallah Sallam, President & CEO of Madinet Masr, stated

The launch of Citydom marks a strategic milestone in our regional expansion and a strong entry

into the Saudi market. This collaboration enables us to develop innovative urban communities

that meet the aspirations of Saudi families and set new standards for contemporary living

He added This alliance brings together Madinet Masr’s 66+ years of experience in master

planning and large-scale development with Waheej’s strong market expertise, creating a model that

reflects sustainability and innovation in the Saudi real estate sector.”

Waheej Real Estate: A Vision for Integrated, Future-Ready Communities

Eng Rachid Saud Al-Jadoua, CEO of Waheej Real Estate, commented

We are proud to partner with Madinet Masr in establishing Citydom, a venture that will

introduce a pioneering and innovative development model in the Kingdom. With a long-term

vision, our goal is to deliver integrated communities that meet the needs of Saudi families and

unlock new opportunities for real estate investment

He continued Through this partnership, we reaffirm our commitment to empowering

the real estate sector, fostering innovation, and supporting Vision 2030 objectives in housing

and sustainable community development

About Madinet Masr

Founded in 1959, Madinet Masr is one of Egypt’s leading urban developers, with a landbank

of 12.8 million sqm. Its diverse portfolio spans residential, commercial, and administrative projects

including

Taj City

Sarai

The Butterfly in Mostakbal City

Talaa in New Heliopolis

Tajed, its first fully integrated commercial and administrative complex

Shark Tank Business Park, an innovative development that merges work and lifestyle

in a single vibrant destination

About Waheej Real Estate

With a legacy spanning more than 40 years, Waheej Real Estate is among Saudi Arabia’s

fastest-growing developers, offering end-to-end solutions across real estate development

investment, and project management

The company is recognized for

High-quality, technology-driven projects

Commitment to modern community development

Support for Saudi Vision 2030 goals in housing and livability

Advancing the Kingdom’s real estate landscape through innovation and sustainable design

Deloitte Innovation Hub in Cairo Celebrates 2 Years of Technology Leadership and Global Impact

 Deloitte Innovation Hub in Cairo celebrated its second anniversary, reaffirming its position as a leading

center for digital transformation and innovation in Egypt and globally Since its inception, the hub has

invested $30 million, with plans to inject an additional $80 million over the next three years, according

to a memorandum signed at the Global Offshoring Summit, strengthening Egypt’s technology ecosystem

From 23 Experts to 600 Professionals Driving Global Impact

Launched with a team of just 23 experts and inaugurated by H.E. Dr. Amr Talaat, Minister

of Communications and Information Technology, the Deloitte Innovation Hub has rapidly

expanded to over 600 specialists These professionals have successfully delivered AI-driven

digital solutions, cloud services, and cybersecurity innovations to hundreds of clients across

Europe, the Middle East, and Africa (EMEA), enhancing Egypt’s reputation as a regional

technology powerhouse

Delivering Next-Generation Digital and AI Solutions

Deloitte Innovation Hub provides comprehensive solutions across multiple sectors

including finance, consumer goods, telecommunications, healthcare, government

and Global Business Services (GBS) Leveraging cutting-edge technologies such as

artificial intelligence, cloud computing, data analytics, enterprise technology, and

cybersecurity, the hub empowers Egyptian talent to gain global expertise while

redefining how innovation from Egypt impacts business worldwide

Building a Thriving Talent Ecosystem

The hub emphasizes employee development, fostering an inclusive, high-performance

culture where talent thrives. Recent workforce expansion reflects Deloitte’s commitment

to nurturing local skills and contributing to Egypt’s growing digital economy Programs like

professional certifications, leadership initiatives, and the Deloitte Employee Assistance Program

(DEAP) promote career growth and employee well-being With a 50/50 gender ratio, Deloitte Innovation

Hub exemplifies diversity and empowerment as drivers of sustainable innovation and business success

Leadership Insights on Egypt’s Digital Rise

Hani Girgis, CEO & Managing Partner, stated

Deloitte Innovation Hub symbolizes Egypt’s digital transformation and is central

to Deloitte’s regional technology strategy Our teams are redefining technology

adoption across industries, showcasing the global competitiveness of Egyptian talent

Ahmed Salem, COO, added From AI and cloud to cybersecurity and data analytics

our integrated solutions deliver tangible business outcomes Cairo’s emergence as a

global destination for digital excellence, reflected in Egypt’s fifth-place ranking in the

2025 offshoring report, underscores our growing impact

Expanding Digital Impact Beyond Technology

Beyond technology, Deloitte Innovation Hub drives community empowerment and sustainability

initiatives. In collaboration with the Information Technology Institute (ITI), the hub launched

Egypt’s first national training initiative on ServiceNow, creating job opportunities and equipping

youth with practical skills for the digital economy Programs like the Bridge Internship Program

and Mentorship Program have trained over 1,600 individuals, providing real-world experience

The hub also actively supports charitable organizations such as Baheya Foundation and Hospital

57357, contributing over 2,100 volunteer hours since June 2025, while integrating eco-conscious practices

across operations

Looking Ahead: Year Three and Beyond

As Deloitte Innovation Hub enters its third year, it continues to be a cornerstone of Deloitte’s

regional strategy, uniting global expertise with Egyptian talent to push the boundaries of digital

transformation, AI innovation, and cloud technology From Cairo to the world, the hub’s work

impacts businesses, communities, and the future of work, reinforcing Egypt’s position on the

global technology map

Knowledge Summit 2025 Begins Tomorrow Under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum

The Knowledge Summit 2025 will officially open tomorrow, Wednesday, 19 November 2025, at the Dubai World Trade Centre.

The event is held under the generous patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President

and Prime Minister of the UAE and Ruler of Dubai.

Organized by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), in partnership with the United

Nations Development Programme (UNDP), the two-day summit is positioned as a global platform for advancing

sustainable knowledge ecosystems.

A Major Milestone Celebrating a Decade of Global Knowledge Leadership

This tenth edition marks a strategic milestone in the summit’s decade-long journey. Over the years, the Knowledge Summit has

reinforced its reputation as an international platform that brings together decision-makers, policymakers, experts, and

thought leaders from key sectors.

The event continues to support the development of knowledge-driven communities equipped with the tools

needed to achieve sustainable growth and prosperity.

Aligned with the UAE’s declaration of 2025 as the “Year of Community,” the Knowledge Summit 2025 emphasizes the role of

knowledge in empowering societies and driving long-term development.

The summit serves as an open global forum that highlights the importance of investing in ideas, innovation, and

intellectual capital to build resilient and advanced communities.

Core Theme: Knowledge Markets and Their Role in Shaping Sustainable Communities

Under the theme “Knowledge Markets: Developing Sustainable Communities,” this year’s edition focuses on the dynamic

concept of knowledge markets and their transformative impact on the production, consumption, and distribution of knowledge.

The summit explores how these markets are reshaping the global knowledge landscape, fostering international cooperation,

and enhancing the exchange of expertise and best practices.

The discussions aim to produce measurable outcomes across social, economic, and development sectors, reinforcing the

importance of accessible and actionable knowledge for shaping future-ready societies.

Extensive Participation: Over 130 Speakers and 58 Dialogues

The Knowledge Summit 2025 attracts extensive global participation, featuring more than 130 distinguished speakers,

including government officials, business leaders, academics, and international experts.

Over 58 dialogue sessions and high-level meetings will be held, addressing major knowledge policies

and exploring practical mechanisms for transforming ideas into impactful initiatives and projects.

The summit’s agenda spotlights international models and success stories in sustainable development, offering valuable

insights into effective knowledge strategies adopted around the world.

Launch of the Updated Global Knowledge Index 2025

A central pillar of the summit is the launch of the updated 2025 edition of the Global Knowledge Index (GKI).

This year’s edition incorporates methodological improvements, updated statistical weights, and newly added

sub-indices to ensure more precise measurement and enhanced comparability among countries.

The enhanced GKI is expected to better reflect countries’ knowledge readiness and provide a more comprehensive

framework for understanding global knowledge capabilities.

Diverse Agenda Covering the World’s Most Critical Knowledge Themes

The agenda of the Knowledge Summit 2025 offers a broad range of insightful sessions covering:

knowledge markets, the knowledge economy, knowledge governance, innovation, sustainability, community

development, technology, artificial intelligence, blockchain, big data, education, scientific research, social transformation,

legislation, patents, intellectual property, and environmental sustainability.

These sessions address the rapid transformations redefining the global knowledge ecosystem and provide participants

with tools and strategies to navigate an increasingly knowledge-dependent future.

Contact Information

Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: [email protected]
Website: www.orientplanet.com

Cairo ICT 2025: HMD Showcases Nokia Feature Phones Produced in Egypt

 HMD Global, the home of Nokia phones, has announced its participation in Cairo ICT 2025

showcasing its latest “Made in Egypt” smartphones and Nokia Feature phones These devices

are manufactured at the Egyptian Silicon Industries Corporation (E-SICO) factory in the New

Assiut Technology Park, highlighting HMD’s commitment to Egypt as a strategic technology

and electronics manufacturing hub

Expanding Local Manufacturing in Egypt

 local production represents a key milestone in Egypt’s growing mobile phone and

electronics manufacturing sector By leveraging the Egyptian market, aims to make

Egypt a launch pad for mobile phone exports to North Africa, Sudan, and beyond, contributing

to the country’s reputation as a regional tech innovation hub

Tamer El-Gamal, General Manager of HMD Egypt, emphasized

Producing HMD and Nokia Feature phones in Egypt reflects our confidence in the

Egyptian market, its skilled talent, and its strategic position in the region

Cairo ICT 2025: Showcasing Innovation and Export Capabilities

At Cairo ICT 2025, will highlight

Expanded local production capabilities for smartphones and feature phones

Roadmap for export operations across Africa

Latest innovations in the HMD & Nokia Feature phone portfolio

This initiative not only strengthens presence in the Egyptian market but also

positions the country as a central hub for technology manufacturing, mobile devices

and electronics exports in the region

Tesla Developments Accelerates Construction at Green City to 70% with Plans for Early Delivery

Tesla Developments announced that construction progress at its Green City project

in 6th of October Gardens has reached 70%, confirming its plan to deliver units ahead of the

scheduled timeline The company emphasized its commitment to maintaining rapid construction

momentum and delivering high-quality residential communities in West Cairo, a market that

continues to witness strong demand

Non-Stop Construction as the Company Pushes for Early Delivery

Yasser Mohamed, founder of Tesla Developments, stated that construction work at Green

City is ongoing 24 hours a day, reflecting the company’s commitment, discipline, and serious

approach to project execution He highlighted that Tesla Developments’ strong financial

solvency plays a crucial role in empowering its implementation plans and ensuring fast progress

 Mohamed added that the project enjoys a strategic location within 6th of October Gardens

making it an attractive and secure investment opportunity for clients

A Fully Integrated Community Serving Over 700 Families

Green City spans 12 acres and is designed to serve more than 700 families, offering

a variety of residential unit sizes to meet the needs of different segments

The project includes a dedicated commercial and recreational service area, reinforcing

the company’s focus on enhancing quality of life, not merely constructing residential buildings

Tesla Developments aims to create a balanced urban environment that integrates services

facilities, and modern design

New West Cairo Projects Led by Extensive Land Portfolio

Ahmed Beshir, co-founder of Tesla Developments, revealed that the company

is preparing to launch several new projects in West Cairo, starting with the Tesla

Residence project on the Oasis Road He pointed out that Tesla Developments owns

one of the largest land portfolios in October Gardens, which positions the company

to develop distinguished projects that strengthen its leadership in the region

Strategic Expansion and Continuous Search for Opportunities

Beshir noted that the company continues to execute its current projects while

simultaneously exploring new investment opportunities and planning the development

of its land assets He emphasized that Tesla Developments is working intensively on all

fronts to maintain its leading position in the real estate market, especially as West Cairo

continues to attract high customer demand due to its rapid urban development and

strong investment appeal

Madbouly: ICT Has Become a Strategic Pillar of Egypt’s Economic Growth

Prime Minister Dr. Mostafa Madbouly inaugurated the 29th edition of the Cairo International Technology Exhibition and Conference (Cairo ICT), the largest and most influential technology event in the Middle East and Africa. Organized under the auspices of the Ministry of Communications and Information Technology (MCIT), the exhibition is being held from 16 to 19 November at the Egypt International Exhibition Center in New Cairo, under the theme “AI Everywhere”. This year’s edition brings together more than 500 exhibitors, alongside senior representatives from ministries, authorities, and leading national institutions.

Madbouly

Dr. Madbouly was welcomed by Dr. Amr Talaat, Minister of Communications and Information Technology, and several high-level officials including Eng. Raafat Hindi, Deputy Minister for Infrastructure and Digital Transformation, Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, and Mr. Osama Kamal, Chairman of Trade Fairs International, the event organizer. The Prime Minister praised the significant presence of Egyptian companies across diverse sectors, emphasizing that the ICT sector has firmly become a strategic pillar of the national economy and a key partner in the government’s efforts to stimulate sustainable growth.

 

In his remarks, Dr. Madbouly affirmed that Egypt has placed great importance on building a comprehensive national digital strategy, transforming the ICT sector from a purely service-based domain into a productive sector that creates jobs, boosts exports, and drives economic value. He stressed that establishing clear objectives, supported by precise implementation plans, is essential to achieving Egypt’s digital transformation goals.

During his tour of the exhibition, the Prime Minister visited the pavilion of the Ministry of Communications and Information Technology, where he was briefed on the latest developments in the Digital Egypt Strategy. Minister Amr Talaat explained that the strategy is built around empowering citizens and expanding access to digital services, while simultaneously nurturing digital skills and unlocking new economic opportunities. He highlighted the four core pillars of the strategy: seamless digital access, local manufacturing to build a productive digital economy, advanced digital empowerment for all citizens, and the promotion of digital innovation and entrepreneurship.

A major highlight of this year’s event was the trial launch of new services for Egyptians abroad via the Digital Egypt Platform. These services include the issuance of authenticated documents from the Ministry of Foreign Affairs, such as certified birth, marriage, divorce, and death certificates. Minister Talaat also announced that the Digital ID (Bitaqaty) card for remote identity verification will be launched soon, enabling citizens to complete notarization procedures and access additional services entirely online. He further revealed that 45 exclusive digital services are being introduced in the first phase, covering commercial registry, notarization, civil status, and social insurance services.

The minister outlined the latest achievements in local manufacturing as part of the government’s efforts to build a competitive digital economy. He stated that 15 global brands have invested USD 200 million in mobile phone manufacturing facilities in Egypt, achieving a production capacity of 20 million devices annually, with local production covering more than 81 percent of domestic demand. Egypt also hosts four manufacturers producing optical fiber cables with a combined capacity of 4 million kilometers per year. Total investments in mobile device and fiber cable manufacturing now stand at USD 263 million, creating 9,000 direct and indirect jobs.

Dr. Talaat also reviewed national initiatives designed to build digital talents and nurture innovation. The DIGITOPIA competition, launched to discover emerging talents aged 10 to 35 in fields including programming, artificial intelligence, digital arts, and cybersecurity, received more than 25,000 applications. After several qualification rounds, 72 teams reached the semi-finals, and the final results will be announced on 29 November. The minister also highlighted the success of the Mahara-Tech online training platform, which has trained 285,000 learners and earned the 2025 UNESCO ICT in Education Award for its pioneering role in expanding access to responsible digital learning. Additionally, Egypt University of Informatics (EUI) celebrated the graduation of its first cohort across computer science, business technology, and digital arts programs.

The ICT sector continues to demonstrate strong performance, with a 14 percent growth rate, a 6 percent contribution to GDP, and expected digital exports reaching USD 7.4 billion this year. Egypt has also advanced to Group A in the Global Government Digital Transformation Readiness Index, reflecting its steady progress in digital governance.

Across the exhibition halls, national institutions demonstrated a wide range of innovative digital projects. These include the real estate export platform developed with the Ministry of Housing and the Administrative Control Authority, the digital litigation system implemented with the Ministry of Justice and Public Prosecution, a speech-to-text AI system to support digital justice, and a digital religious content platform developed with the Ministry of Awqaf. The exhibition also featured the latest initiatives of Egypt Post, the Central Bank of Egypt, the Financial Regulatory Authority, ITIDA, the National Telecom Regulatory Authority, and the Arab Organization for Industrialization.

This year’s Cairo ICT hosts five major events under one umbrella, including the twelfth edition of PAFIX, the region’s leading digital payments and financial inclusion forum under the patronage of the Central Bank of Egypt; the second edition of the Artificial Intelligence, Data Centers, and Cloud Computing Forum (AIDC); the fifth edition of Connecta for youth and entertainment technologies; the Innovation Arena for startups; and, for the first time, the Cyber Zone cybersecurity showcase held across two locations within the exhibition. The Future of Egypt Authority is also participating as the exhibition’s Guest of Honor, presenting its vision on digital transformation, data centers, and artificial intelligence.

Throughout four days, Cairo ICT 2025 offers interactive sessions and live demonstrations on the latest developments in artificial intelligence, Internet of Things, fifth-generation technologies, cybersecurity, smart cities, educational technology, cloud computing, green technologies, fintech, and digital identity solutions, reaffirming Egypt’s growing position as a regional leader in technological innovation.

Kleek Developments secures building permit for Noll New Cairo project, gears up to commence construction

Kleek Developments announced that it has obtained the building permit for its Noll New Cairo project located in the Sixth Settlement area of New Cairo. The permit represents a significant step toward commencing construction, underscoring the company’s adherence to its execution schedule and strengthening customer confidence.

 

Kleek Developments

Eng. Hussein Dawood, founder and chairman of Kleek Developments, stated that securing the building permit represents a significant milestone for the project.
He explained that the company has developed a comprehensive work plan for the coming period, designed to deliver top-tier quality and execution aligned with global standards—reflecting the company’s stature and the trust it has earned from its clients.

Dawood added that Kleek Developments is progressing steadily with its current project while also exploring potential expansion opportunities. The company follows a strategic plan designed to achieve sustainable growth and boost its market value, especially in light of the growing investment opportunities in Egypt and the favorable incentives and investment climate within the country’s real estate sector.

He disclosed that Noll New Cairo covers 90 acres and offers a fully integrated urban development. The project is situated in the heart of the city, neighboring prominent large-scale developments in the Sixth Settlement of New Cairo. Its central location ensures convenient access to all major roads, providing excellent connectivity. With a building density capped at 18%, every unit within the project enjoys a distinctive and unobstructed view.

The company’s chairman pointed out that the Noll New Cairo project’s progress and the decisive push toward execution demonstrate Kleek Developments’ strong financial position, allowing the company to stay on schedule without delays.

He concluded that this progress also facilitates the execution of the marketing and sales strategy for the remaining phases of the project.

Raya IT Reports 65% Revenue Increase, Showcases AI and Smart Solutions at Cairo ICT 2025

Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, has

reported remarkable growth during the first nine months of 2025, achieving a 65.1% increase

in revenue, an 89.3% rise in gross profit, a 106.4% growth in EBITDA, and a 139.2% surge in net profit

Eng Hisham Abdel Rasoul, CEO of Raya Information Technology, highlighted during a press conference

at Cairo ICT 2025″Our financial results reflect nearly three decades of resilience and operational

excellence Despite market volatility, supply chain challenges, and currency fluctuations, Raya has

consistently delivered growth through disciplined crisis management, clear strategic planning

and operational efficiency The company’s performance underscores its ability to expand operations

while improving cost structures, sustaining profitability, and reinforcing long-term shareholder value

Strengthening Global Presence Through Strategic Partnerships

Abdel Rasoul announced new strategic partnerships with Red Hat and IBM, enhancing

Raya’s portfolio in hybrid cloud solutions, artificial intelligence (AI), analytics, and cybersecurity

“These alliances expand our capabilities and regional presence, enabling Raya to serve high-impact

sectors such as financial services, telecommunications, energy, and government,” he said “Our

collaborations bridge global technology solutions with local enterprise needs, ensuring operational

flexibility, security, and actionable data-driven insights

Cisco Africa Partner of the Year Recognition

Raya Information Technology was recently named Cisco’s Africa Partner of the Year 2025

cementing its leadership across the continent Winning this award demonstrates our ability to

combine hands-on expertise with advanced technical solutions, delivering comprehensive digital

transformation across key sectors in Africa,” Abdel Rasoul noted “The recognition validates our

approach to building integrated digital ecosystems—including AI-ready data centers, unified

communications, and cybersecurity—deployed efficiently across multiple industries

AI-Centric Expansion to Support Egypt and the Gulf

Raya is positioning artificial intelligence (AI) as a strategic pillar in its digital transformation roadmap

“AI allows us to redefine customer experiences, enhance operational efficiency, and convert data into

tangible business value,” Abdel Rasoul explained “Our new AI business unit is focused on developing

intelligent platforms, scalable solutions, and practical applications for sectors such as banking

telecommunications, healthcare, and government Raya plans to expand offerings with virtual assistants

advanced analytics, automated contact centers, and scalable software solutions, supported by strategic

partnerships that strengthen its AI capabilities across Egypt, Saudi Arabia, and the broader Middle

East and North Africa region

Cairo ICT 2025: Showcasing End-to-End Digital Solutions

At Cairo ICT 2025, Raya Information Technology is exhibiting across three specialized halls

presenting a comprehensive vision for digital transformation

Big Tech Hall Collaboration with Cisco to showcase AI-ready infrastructure, performance

analytics, and intelligent collaboration environments PAFIX Hall Banking solutions with

Diebold Nixdorf, featuring DN Series devices, video-assisted banking, and automated

cash management services AIDC EXPO Hall Agentic AI solutions, agent automation

high-density data centers, cybersecurity, and managed services, demonstrating Raya’s

ability to deliver secure, end-to-end digital ecosystems for enterprises

“Our participation demonstrates Raya’s commitment to driving digital transformation and

empowering enterprises with innovative, integrated solutions,” said Abdel Rasoul

With a strong financial performance, strategic partnerships with global technology leaders

recognition as Cisco Africa Partner of the Year, and a focus on AI-driven digital transformation

Raya Information Technology is solidifying its leadership in Egypt, the Middle East, and Africa

while advancing its mission to shape the future of intelligent digital ecosystems

Egyptian Remittances Reach USD 30.2 Billion in First Nine Months of 2025

Remittances from Egyptians working abroad recorded a significant increase during the

first nine months of 2025, reaching an unprecedented USD 30.2 billion This represents

a remarkable 45.1% growth compared to USD 20.8 billion during the same period in 2024

highlighting the continued strength of Egyptian labor remittances and their vital role in

supporting the Egyptian economy

Monthly Growth: September 2025

On a monthly basis, remittances from Egyptian Remittances abroad rose sharply in September 2025

totaling around USD 3.6 billion This reflects a 30.9% increase compared to USD 2.7 billion

recorded in September 2024, demonstrating the sustained inflows of foreign currency and their

contribution to Egypt’s financial stability

Impact on the Egyptian Economy

Labor remittances remain a key pillar of the Egyptian economy, providing critical support

for foreign currency reserves, boosting household purchasing power, and financing domestic

consumption and investment The significant growth in remittances underscores the resilience

of these inflows amid global economic fluctuations

Outlook for the Remainder of 2025

Egyptian Remittances With improving global labor markets, Egyptian remittances are expected to continue

their upward trajectory for the remainder of 2025 This trend will further strengthen Egypt’s

financial position, support economic stability, and provide a reliable source of foreign currency inflows

ELSEWEDY ELECTRIC and Deutsche Rail Operations Launch 15-Year Partnership to Modernize

Strategic 15-Year Partnership to Modernize Egypt’s Rail Network

ELSEWEDY ELECTRIC, a leading provider of integrated infrastructure and energy solutions

together with Deutsche Rail Operations GmbH (DRO), one of Europe’s top rail service operators

signed a Memorandum of Understanding (MoU) with the Egyptian National Railways (ENR) to launch

a transformative 15-year partnership aimed at delivering premium passenger rail services in Egypt

The signing ceremony took place in Cairo during TransMEA 2025, the premier expo for smart transport

logistics, and infrastructure in the Middle East and Africa The event was attended by Lieutenant General

Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry

Redefining the Passenger Rail Experience in Egypt

ELSEWEDY ELECTRIC The partnership aims to redefine rail travel in Egypt by introducing international service

standards that prioritize comfort, efficiency, and reliability This initiative supports the Egyptian

government’s vision to modernize its railway network and enhance sustainable mobility across

the country Under the agreement, ELSEWEDY ELECTRIC and DRO will assist ENR in operating

and managing a diverse fleet, including

Six state-of-the-art Talgo trainsets

350 brand-new Hungarian air-conditioned coaches

212 refurbished VIP and Top VIP coaches

The service will cater to multiple passenger tiers, from daily commuters to premium

travelers, ensuring accessibility, safety, and superior onboard comfort across Egypt

Leadership Statements: Combining Global Expertise with Local Commitment

Wael Hamdy, Senior Vice President and CEO of the Engineering & Construction Sector at ELSEWEDY

ELECTRIC, said Together with ENR and Deutsche Rail Operations, we plan to set new standards

in passenger rail by combining global expertise with local commitment. Our goal is to make rail

travel in Egypt efficient, sustainable, and world-class

Dieter Michell-Auli, CEO of Deutsche Rail Operations GmbH, added

This partnership marks a significant step toward advancing Egypt’s passenger rail sector

Leveraging our operational expertise and long-standing commitment to service excellence

we aim to deliver a railway system that is safe, reliable, and truly centered around the

passenger experience

Driving Egypt Toward a Regional Benchmark in Rail Infrastructure

The collaboration reflects a shared vision to enhance Egypt’s rail infrastructure

improve the quality of life for millions of passengers, and position Egypt as a regional

benchmark for modern rail operations in the Middle East and Africa By integrating

advanced train technology and international service standards, the partnership promises

a transformative impact on passenger rail services in Egypt

Central Bank of Egypt Participates in the 12th Edition of the Digital Payments, Financial Inclusion, a

In line with its progressive efforts to promote digital transformation and financial inclusion within the banking sector, and to align with international best practices in the Artificial Intelligence (AI) technologies, the Central Bank of Egypt (CBE) is participating in the 12th edition of the Digital Payment, Financial Inclusion, and Digital Banking (PAFIX) International Conference and Exhibition. Held under the auspices of the CBE, PAFIX will take place in parallel with the “Cairo ICT” Fair and Forum from November 16 to 19, 2025.

Central Bank of Egypt

 

In this regard, H.E. Mr. Hassan Abdalla, Governor of the CBE, highlighted that the CBE is keen to participate in this annual event, recognizing it as a distinguished platform for exchanging views and insights on digital transformation in financial and banking services, which comes at the forefront of Egypt’s priorities.

Mr. Abdalla further emphasized that the CBE is committed to keeping pace with the latest technological developments, particularly in the areas of FinTech and AI innovations. He also underscored the CBE’s efforts to advance and harness digital payment systems and services that provide convenient and swift banking services to citizens, while adhering to best international standards that ensure the safeguarding of all financial transactions.

During the official opening of the Cairo ICT, H.E. Dr. Mostafa Madbouly, the Prime Minister, visited the CBE’s pavilion, where he was briefed on the CBE’s key strategic projects and initiatives in the industries of AI technologies, FinTech, and electronic payment systems and services, as well as their role in enhancing financial services and promoting financial inclusion.

 

A detailed presentation was provided on the services that will be availed through the “Digital Financial Identity” platform (Haweya), along with a demonstration of the remote customer identification process for opening bank accounts.  Notably, this platform enables banks and financial service providers to conduct electronic Know Your Customer (e-KYC) verification, and allows the customers to open bank accounts and access digital services securely and swiftly, without the need to visit banks’ branches.

The CBE’s pavilion at this year’s edition features various activations and events, including an educational showcase on the historical evolution of financial transactions over time. It also hosts a series of panel discussions, with the participation of representatives from banks, FinTech companies, and entrepreneurs, on the future of digital transformation and the latest trends in FinTech. Additionally, special interactive activations are taking place in the pavilion’s “InstaPay” designated area.

 

 

Senior officials from the CBE are scheduled to participate on Monday and Tuesday in the conference sessions, which cover various key topics and critical issues, including unprecedented global shifts in the banking industry as well as the profound impact of emerging technological solutions – particularly AI technologies – on the roles, systems, and infrastructure governing this sector and its related services.

 

The sessions will be attended by a distinguished group of banks’ heads and executives, officials from entities and institutions specializing in FinTech and digital payments, in addition to international experts and analysts engaged with the latest developments in FinTech innovations, electronic payment systems, and financial inclusion.