alekhbaryia Archives - الصفحة 8 من 48 - جريدة الاخبارية

CMA CGM Foundation and AASTMT Launch 10 Fully Funded Scholarships for Egyptian Students

Posted on نوفمبر 5, 2025نوفمبر 5, 2025 by doha

The CMA CGM Foundation has announced a strategic partnership with the Arab Academy

for Science, Technology and Maritime Transport (AASTMT) to provide 10 fully funded scholarships

for talented Egyptian students eager to pursue careers in maritime transport and logistics two vital

sectors shaping the future of global trade and supply chains Through this collaboration, the CMA CGM

Foundation reinforces its long-standing commitment to education for all, ensuring that scholarship recipients

gain access not only to world-class academic programs but also to exclusive internship and career opportunities

within the CMA CGM Group and CEVA Logistics

Scholarship Details

Number of Scholarships: 10 fully funded scholarships

Fields of Study: Six in Maritime Transport and four in Logistics

Duration: Four academic years (2025/2026 – 2028/2029)

Host Institution: Arab Academy for Science, Technology and Maritime Transport (AASTMT)

Objective: To develop the next generation of Egyptian maritime and logistics professionals and

bridge the gap between academia and industry

This initiative is part of the CMA CGM Foundation’s broader mission to promote educational equity

enhance employability, and nurture young talents who can contribute to Egypt’s growing logistics

and maritime sectors

A Partnership Built on a Shared Legacy

The collaboration between CMA CGM and AASTMT has deep roots In 2007, the CMA CGM

Group launched its first scholarship program with the Academy Today, under the leadership of Mrs

Tanya Saadé Zeenny, President of the CMA CGM Foundation, the partnership is renewed and expanded

to meet the evolving needs of Egyptian students and the regional maritime industry

According to Mandy Bassil, Director of the CMA CGM Foundation for Lebanon and the Levant

The Foundation led by Tanya Saadé Zeenny, is committed to expanding access to quality education

and supporting young Egyptian talents in developing the skills they need to succeed Through this

partnership, we continue to strengthen our engagement in Egypt by creating new opportunities for

students to learn and grow

AASTMT: Over Five Decades of Excellence

Established in 1972, the Arab Academy for Science, Technology and Maritime Transport

(AASTMT) has been a cornerstone of maritime and logistics education in the region

Initially focused on marine navigation, marine engineering, and radio operations, the Academy

has since expanded to offer comprehensive programs in logistics management, business

and technology, producing thousands of professionals across the Middle East and Africa

AASTMT President Professor Dr. Ismail Abdelghaffar Ismail Farag expressed his appreciation for

the Foundation’s trust We deeply value the continued support of the CMA CGM Foundation

This partnership not only provides access to world-class education but also bridges the gap between

academic training and industry needs At AASTMT, we are dedicated to preparing future leaders who will

drive innovation and sustainability in the maritime and logistics sectors

CMA CGM Group in Egypt

With a presence in Egypt for over 30 years, the CMA CGM Group operates through 7 offices

employs 204 professionals, and manages 12 shipping services, two container terminals in

Alexandria and Ain Sokhna, and a dry port in October City

Since 2023, the CMA CGM Foundation has also expanded its footprint in Egypt through multiple

humanitarian and educational projects, working hand-in-hand with local and international partners

to empower communities

About the CMA CGM Foundation

Founded in 2005 and chaired by Tanya Saadé Zeenny, the CMA CGM Foundation focuses

on humanitarian action and access to education It translates the family values and solidarity

of the CMA CGM Group, a global leader in shipping, transport, and logistics, into tangible social impact

To date, the Foundation has

Transported 100,000 tonnes of humanitarian aid to over 100 countries

Supported 550+ educational projects worldwide

Assisted 67 entrepreneurs through its social incubator Le Phare

About AASTMT

The Arab Academy for Science, Technology and Maritime Transport (AASTMT) is an

internationally recognized educational institution that combines academic excellence with

practical industry application Its programs in science, technology, engineering, and maritime

studies empower students to become leaders in innovation, sustainability, and global trade

For more information, visit 👉 https://aast.edu/en

Fawry and Wadi Degla Partner to Accelerate Digital Transformation in Egypt’s Real Estate Market

Posted on نوفمبر 4, 2025نوفمبر 4, 2025 by doha

Fawry, Egypt’s leading fintech company, and Wadi Degla Developments have signed

a strategic partnership to deliver integrated digital payment solutions for Wadi Degla

customers through Fawry’s online payment gateway and POS network. This collaboration

marks a key step in supporting digital transformation in Egypt’s real estate sector and

enhancing the overall customer experience

Streamlined Digital Payments for Wadi Degla Customers

The partnership aims to simplify and accelerate all payment processes across Wadi Degla’s diverse

real estate portfolio By leveraging Fawry’s secure and reliable digital payment solutions, customers

can enjoy faster, safer transactions, aligning with Egypt’s national strategy for digitizing the real estate sector

Enhancing Customer Experience and Smart, Sustainable Communities

Beyond traditional payment services, the collaboration will introduce innovative value-added

services, including the Fawry Business Corporate Card and digital loyalty programs. These tools

bridge the gap between financial technology and real estate, supporting Wadi Degla’s vision to

build smart and sustainable communities while creating a fully integrated digital ecosystem

Executive Insights on the Strategic Partnership

Heba El Awady, Chief Business Officer at Fawry, stated

This partnership represents a major milestone in driving digital transformation within Egypt’s real

estate sector. At Fawry, we are committed to providing developers with modern, integrated digital

payment solutions that meet the growing demand for digitization. Our collaboration with Wadi Degla

showcases how technology and real estate can come together to enhance operational efficiency and

deliver tangible value to customers

Raymond Ahdy, CEO of Wadi Degla Developments, added

“This partnership reflects the increasing adoption of financial technology in Egypt, where over 76% of

young consumers prefer digital transactions By embracing innovative digital payment solutions, we

enhance operational efficiency and advance our mission to build more connected, sustainable communities

. This collaboration is a central element of our broader digital transformation strategy, aimed at creating

added economic value and superior experiences for our customers

Supporting Egypt’s Vision 2030 Through Digital Innovation

The partnership between Fawry and Wadi Degla Developments reinforces their shared

commitment to enhancing operational efficiency and driving digital transformation in line

with Egypt’s Vision 2030 By combining Wadi Degla’s real estate expertise with Fawry’s advanced

FinTech solutions, the collaboration builds an integrated digital ecosystem that improves sector

efficiency, strengthens customer trust, and promotes a cashless, sustainable economy

Egyptian Food Bank and Kellanova Partner to Provide 100,000 Meals for Children in Minya

Posted on نوفمبر 4, 2025نوفمبر 4, 2025 by doha

The Egyptian Food Bank (EFB), the region’s leading development-focused organization

dedicated to providing safe and nutritious food to those in need, has announced a strategic

partnership with Kellanova Group, a global leader in snacks, cereals, noodles, and plant-based foods

The collaboration aims to enhance food security and promote early childhood nutrition in Upper Egypt

particularly in Minya Governorate, under EFB’s flagship initiative, the “Build Their Future” child nutrition

program The initiative will deliver 100,000 nutritious meals to support children from food-insecure families

Official Signing Ceremony Marks the Launch of the Initiative

The partnership was formalized during an official signing ceremony attended by Mr. Mohsen

Sarhan, CEO of the Egyptian Food Bank, and Mr. Robert Chandran Shanmugam, Managing

Director for the Middle East and Africa at Kellanova The event marked the official launch of the

program in Minya, one of EFB’s top priority areas for community development, and reinforced both

organizations’ shared commitment to fighting hunger and improving child health in Egypt

EFB: A Holistic Approach to Ending Hunger in Egypt

In his remarks, Mr. Mohsen Sarhan emphasized that the partnership reflects a new model of

collaboration between the development sector and corporate social responsibility (CSR)

efforts“Our partnership represents a new model of integration between developmental work and private

sector social responsibility, said Sarhan Through our four main pillars – protection, prevention

empowerment, and elevation – we aim to achieve sustainable food security We don’t just provide

food; we design lasting solutions to eliminate hunger and secure a healthier, brighter future for

Egyptian children This initiative aligns with EFB’s long-term mission to eradicate hunger in Egypt

by combining immediate food support with sustainable, research-based programs that empower

communities and promote self-relianc

Kellanova’s Global Commitment to a More Sustainable and Equitable Future

Mr. Robert Chandran Shanmugam reaffirmed Kellanova’s dedication to community engagement

and social sustainability, highlighting the company’s Better Days™ Promise to help create a world

where everyone can thrive We believe that access to adequate food is a fundamental right for every

child,” said ShanmugamThrough our partnership with the Egyptian Food Bank and the ‘Build Their Future’

initiative, we’re proud to provide nutritious school meals to children in Minya and other communities facing

food insecurity This collaboration is a step toward fulfilling our Better Days™ Promise and building a more

sustainable and equitable future The initiative underscores Kellanova’s leadership in corporate responsibility

with a strong focus on sustainability, nutrition, and inclusive growth

Driving Sustainable Development Through Strategic Partnerships

This partnership represents a milestone in EFB’s transformation from a charity offering food

assistance to a developmental institution that leverages innovation and research to design

impactful, scalable programs It also highlights Kellanova’s commitment as a socially responsible

multinational company that prioritizes sustainability and local impact, opening the door to

future collaborations that strengthen food systems and empower vulnerable communities

About the Egyptian Food Bank

Egyptian Food Bank Established in 2004, the Egyptian Food Bank is a non-governmental organization that

has worked for over two decades to achieve food security in Egypt EFB focuses on sustainable

solutions to end hunger, operating through transparent, efficient programs that target the

most vulnerable families Through its partnerships with both local and international organizations

EFB has become a regional model for sustainable development, combining humanitarian support

with measurable, long-term impact

Jnoub Koronfil Developments Signs Strategic Partnership with Queens Royal Hospital to Enhance Najma Walk’s Position in New Cairo

Posted on نوفمبر 4, 2025 by maryem

Egyptian real estate developer Jnoub Koronfil Developments has taken a significant

step to strengthen its flagship project, Najma Walk, positioned as a leading mixed-use

business hub in New Cairo, by signing a strategic partnership agreement with Queens

Royal Hospital, a reputable medical institution specializing in obstetrics, gynecology, and

pediatric surgery.

Key Highlights of the Partnership

The signing ceremony was attended by Mr. Mohamed Kadry, Board Member of

Jnoub Koronfil Developments; Dr. Montaser Abdel Baky, Board Member; Eng. Mahmoud

Shalaby, Board Member; and senior representatives from Queens Royal Hospital including Prof.

Dr. Mohamed Yehia, Chairman of the Hospital, and several board members.

According to Mohamed Kadry, Queens Royal Hospital has acquired an entire building within

the Najma Walk project.

This move signals growing confidence in the development and its strategic location.

The partnership aligns with Jnoub Koronfil’s broader strategy to establish strategic collaborations

with leading entities across multiple sectors, thereby diversifying the brands and activities

within Najma Walk and enhancing its investment value.

Integrated Commercial, Medical, and Residential Destination

Dr. Montaser Abdel Baky emphasized that this collaboration reflects the company’s

vision to create an integrated destination combining commercial, medical, and administrative

sectors alongside luxury serviced apartments.

Najma Walk adopts the latest sustainable real estate development concepts, offering

a long-term investment value and a modern, fully integrated work environment

in New Cairo’s heart.

Enhancing Service Quality Through Strategic Expansion

Eng. Mahmoud Shalaby outlined the company’s expansion strategy through alliances with

both local and international partners aimed at maximizing the quality of services and value

for investors.

Najma Walk spans over 12,000 square meters and features a distinctive architectural

design adhering to the highest quality and luxury standards.

It incorporates cutting-edge artificial intelligence technologies to provide a smart

and fully integrated experience for users.

Supporting Medical Tourism and Premium Hospitality

The inclusion of Queens Royal Hospital within Najma Walk significantly enhances

the project’s medical tourism offerings.

The location, alongside upscale hospitality services, delivers a seamless experience

combining comfort and top-tier medical care for both visitors and patients, positioning

Najma Walk as a premium destination.

Hospital’s Strategic Evaluation Underlines Partnership Significance

Prof. Dr. Mohamed Yehia highlighted the rigorous evaluation that preceded the

hospital’s decision to join Najma Walk.

The location’s strategic importance and technical specifications met the hospital’s

high standards for delivering premium healthcare services within a modern, integrated

environment.

Rock Developments and Helshon College Join Forces to Train Egyptian Youth via ACC Program

Posted on نوفمبر 4, 2025نوفمبر 4, 2025 by doha

In a strategic move to support education and youth development

Rock Developments has signed a cooperation protocol with Helshon College Academy

in Sweden to implement the ACC educational program in Egypt. The initiative is a

comprehensive training and educational program designed to empower Egyptian youth

with limited access to opportunities, both professionally and personally The program

leverages an innovative learning model to nurture skills, boost confidence, and encourage

youth to become active and impactful members of their communities

Strategic Collaboration to Empower Egyptian Youth

The Memorandum of Understanding (MoU) was signed by Eng Parthena Doss

Board Member at Rock Developments, and Peter Landgren, Educational Director

of Helshon College Academy in Egypt, in the presence of Katja Beksir, ACC program

coordinator, alongside senior representatives from both organizations

Eng Doss emphasized Rock Developments’ commitment to investing in education as a

catalyst for social and economic change Through our partnership with Helshon College

the ACC program enables youth to develop holistically, combining theoretical knowledge

with practical experience Our goal is to equip them with the tools to make a real difference in society

She further noted that Rock Developments’ support enhances the program’s reach, particularly for financially

disadvantaged students, expanding access to quality education and professional development opportunities

ACC Program: Learning Through Application

The ACC program, inspired by the Scandinavian folk high school model, adopts a learning

-through-application methodology, allowing students to acquire practical skills, critical thinking

and problem-solving abilities. The curriculum includes core subjects such as Arabic, English

Mathematics, History, Geography, Science, and Vocational Education, integrated into real-world

projects that connect academic knowledge with everyday life

Peter Landgren explained that the program prioritizes self-development, self-confidence, and

social responsibility. He highlighted that small class sizes—limited to 16 students per class

encourage interactive and collaborative learning, fostering a supportive environment for academic

psychological, and social growth

Transformative Student Experiences

Katja Beksir noted that the ACC program stands out for its holistic approach, offering

students space for self-expression and personal growth. She described the transformational

impact on students Many students start shy and hesitant, but within months, they gain the

confidence to present and speak in front of an audience—this is the true power of education

The program also integrates hands-on learning experiences, including agricultural activities and

direct interaction with animals, which help break psychological barriers, promote practical skills

and expand students’ horizons Graduation ceremonies reflect the profound personal and social

impact of the ACC experience

Rock Developments: Driving Education and Community Initiatives

Rock Developments is the real estate arm of El Batal Group for Investment, managing all

residential and commercial projects under the “Rock” brand in Egypt and

Canada Key projects include

Rock White, New Heliopolis

Rock Yard, Sheraton

Rock Eden, 6th of October

Rock Capital 1, New Administrative Capital

Rock Vera and Rock Gold Mall, Fifth Settlement

Rock Ville, Obour

Through this partnership, Rock Developments reinforces its commitment to supporting

educational initiatives, youth empowerment, and community development in Egypt

Central Bank of Egypt Launches FinTech Got Talent 2025 to Boost Youth Innovation

Posted on نوفمبر 3, 2025نوفمبر 3, 2025 by doha

The Central Bank of Egypt (CBE) has launched the third edition of the FinTech Got Talent 2025

competition, part of its ongoing efforts to support youth and strengthen Egypt’s position as a

regional hub for financial technology (FinTech) innovation The initiative, implemented through

the FinYology program under FinTech Egypt, is organized in collaboration with the Federation

of Egyptian Banks (FEB) and the Egyptian Banking Institute (EBI), targeting university students

with innovative FinTech projects

CBE Hosts the Third Edition of FinTech Got Talent

Central Bank The official launch event was held recently at the CBE, with Rami Aboulnaga, Deputy

Governor, delivering the opening speech The event gathered senior officials from the CBE

banking sector leaders, and representatives from leading Egyptian universities

In his address, Mr. Aboulnaga highlighted that the competition is aligned with the CBE’s

FinTech and Innovation Strategy, focusing on developing young talent with the practical

skills needed to meet labor market requirements. He emphasized that the competition also

demonstrates effective collaboration between the banking sector and the educational system

promoting digital transformation, financial inclusion, and an innovative ecosystem for youth in Egypt

Competition Stages and Incubation Program

Central Bank The FinTech Got Talent 2025 competition featured multiple stages, starting with university

-level eliminations and culminating in the selection of 11 top projects. These projects were

incubated through a one-month intensive program at DMZ Cairo, aimed at transforming

innovative student ideas into practical, market-ready solutions

The competition concluded with the announcement of the three winning projects

First Place – ESLSCA University Tapay, a mobile application that converts any smartphone

into a contactless payment terminal, enabling merchants to accept NFC payments without

traditional POS devices Second Place – British University in Egypt (BUE) Money Adventure

the first gamified financial literacy app designed to make financial education fun and engaging

for children Third Place – Cairo University AgriDawar, a digital platform connecting farmers

directly with buyers of agricultural surplus, leveraging e-payment systems and e-wallets for

transparent and instant transactions

Egyptian Teams Shine in Arab FinTech Challenge

Central Bank The winning teams earned the opportunity to represent Egypt in the Arab

FinTech Challenge, held in Dubai in October 2025 Notably, ESLSCA University and BUE secured

first and second place, respectively, competing against top universities from the UAE, Saudi Arabia

Qatar, and Morocco Dr. Rasha Negm, Assistant Sub-Governor for FinTech and Innovation

at the CBE, emphasized that these achievements reflect the exceptional talent of Egyptian

youth in FinTech and strengthen Egypt’s position as a leading regional innovation hub

Central Bank: Nurturing FinTech Innovation and Startups

Central Bank Launched in 2023, the FinTech Got Talent competition is the first of its kind in Egypt

under the FinYology initiative, which integrates students into practical, hands-on

environments The initiative equips participants with the skills and experience needed

to adapt to global FinTech developments and enhances their creative capabilities across

multiple domains to meet labor market demands Currently, FinYology spans over 30 Egyptian

universities, delivering 900 student-led projects with participation from approximately 19,000

students Supported by around 18 Egyptian banks, the initiative exemplifies the CBE and the

banking sector’s commitment to youth empowerment, entrepreneurship, and fostering a

vibrant FinTech ecosystem in Egypt

Italy Packaging and Food Processing Machinery Exports to UAE Hit €161 Million

Posted on نوفمبر 2, 2025نوفمبر 2, 2025 by doha

Italy has strengthened its position as a global industrial leader, with exports

of Italian packaging and food processing machinery to the UAE reaching €161 million

by July 2025 This surge reflects the Gulf region’s growing appetite for Made in Italy

engineering, innovation, and precision

italy Leads UAE Market in Packaging and Food Processing Machinery

According to the latest trade data, Italian exports of packaging machinery to the UAE

totaled €53.7 million, up 58.3% year-on-year, securing a 34.7% market share Meanwhile

food and beverage processing machinery exports reached €107.3 million, marking an 87.5%

increase over 2024 and capturing a 35.4% share of the market

This remarkable growth underscores Italy’s role as a trusted industrial partner, supporting

the UAE’s efforts in economic diversification, food security, and technological advancement

italy Showcases Innovation at Gulfood Manufacturing 2025

The momentum of Italian machinery exports will be highlighted at Gulfood Manufacturing 2025

held at the Dubai World Trade Centre from 4–6 November 2025 252 italian companies will participate

making Italy one of the largest and most influential international contingents at the exhibition

At the event, the Italian Trade Agency (ITA), in collaboration with UCIMA (italian Packaging Machinery

Manufacturers Association) and the Italian Ministry of Foreign Affairs and International Cooperation

will present cutting-edge Made in Italy technologies through the dedicated Italian Lounge

This interactive hub will connect regional manufacturers, distributors, and investors with leading

italian companies, showcasing innovative solutions in production efficiency, digital transformation

and sustainable manufacturing

Italian Engineering Fuels UAE’s Industrial Transformation

italy’s presence at Gulfood Manufacturing represents more than a trade milestone

it reflects the deep industrial partnership between our nations italian technology aligns

perfectly with the UAE’s commitment to innovation, sustainability, and high-performance

manufacturing,” said Lorenzo Fanara, Ambassador of Italy to the UAE

The UAE’s food manufacturing sector, valued at USD 23.21 billion in 2025 and projected

to exceed USD 52.76 billion in the coming years, is driving unprecedented demand for

advanced machinery and automation Italian engineering, long recognized for precision,

quality, and performance, is pivotal in delivering sustainable, efficient, and highly automated

solutions tailored to the regional market

Italian Innovation Enhances Gulf Competitiveness

“The Gulf is undergoing a manufacturing transformation, with Italian engineering at its core

Our exports of food processing and packaging machinery to the UAE have grown significantly

this year, reflecting the market’s trust in Italian quality, precision, and sustainability As the

hospitality and food sectors expand, Italian innovation will continue to enhance production

efficiency and competitiveness across the Gulf,” stated Valerio Soldani, Trade Commissioner

Italian Trade Agency – Dubai

A Strategic Industrial Partner for the UAE

The growth in Italy machinery exports mirrors a broader regional shift toward high-tech

high-value machinery, supporting the UAE’s goals of local production, resilient supply chains

and food security italian manufacturers continue to set global benchmarks for design excellence

digitalization, and engineering precision, delivering enduring industrial value

As the UAE cements its role as the Gulf’s manufacturing and logistics hub, italy remains

a trusted partner, driving industrial diversification, technological advancement, and sustainable

growth in the region

Americana Restaurants Maintains Debt-Free Growth with 18% EBITDA Surge in 2025

Posted on أكتوبر 31, 2025 by Fatma abdelhamed

Americana Restaurants International PLC (ADX: AMR; Tadawul: 6015), the largest out-of-home dining and quick-service restaurant (QSR) operator across the Middle East, North Africa, and Kazakhstan, announced strong financial results for the nine-month period ended 30 September 2025.

The company posted 14.4% year-on-year revenue growth, reflecting the ongoing strength of its brands, expanding restaurant portfolio, and disciplined cost management.

EBITDA rose by 18.2%, while net profit increased 15.3% compared to the same period last year—demonstrating Americana Restaurants’ operational resilience despite global economic headwinds.

Strong Financial Performance Across Key Markets

.Driven by a 10.4% increase in like-for-like sales, Americana Restaurants achieved total revenues of $1.84 billion for the first nine months of 2025

.The company’s focus on menu innovation, digital engagement, and operational excellence contributed to this sustained growth trajectory

EBITDA reached $414.2 million, marking an 18.2% increase year-on-year, while net profit attributable to shareholders stood at $135.4 million, representing 15.3% growth with a stable profit margin of 7.4%.

The company noted that the introduction of new tax regulations in key markets during 2025 had a limited impact of $11.3 million, highlighting the strength of its underlying operations.

.Last year’s net profit included a one-off positive adjustment of $7.2 million from marketing reliefs received in early 2024

Strong Cash Flow and Debt-Free Balance Sheet

Americana Restaurants generated $128.3 million in free cash flow during the first nine months of 2025—an impressive 128% increase year-on-year, with a 53% conversion rate.

.This performance reflects strong operating results and efficient working capital management

.The company continues to maintain a robust, debt-free balance sheet supported by healthy cash reserves

Third-Quarter Highlights

In Q3 2025, the company recorded revenues of $622.7 million, up 12.2% compared to Q3 2024. EBITDA rose 18.6% to $139.3 million, while net profit climbed 14.7% to $42.9 million.

These results reinforce Americana Restaurants’ ability to sustain profitability and efficiency across its core markets, even amid broader macroeconomic challenges.

Footprint Expansion and Strategic Growth

During the nine months ended September 2025, Americana Restaurants opened 68 new restaurants and integrated 46 additional Pizza Hut Oman stores, expanding its total network to 2,657 outlets across 12 countries.

The company remains focused on selective expansion to ensure optimal capital allocation and maximize return on investment, particularly in high-growth regional markets.

Championing Inclusion and Social Responsibility

As part of its social responsibility and inclusion initiatives, Americana Restaurants deepened its community engagement efforts in the United Arab Emirates during the third quarter.

.In collaboration with Sharjah City for Humanitarian Services, the company launched four inclusive Pizza Hut branches across different emirates

These outlets are operated by People of Determination with hearing and speech impairments—underscoring Americana’s commitment to fostering an inclusive workplace and equal opportunities for all.

Additionally, the company introduced the “Sign & Smile” card, an innovative tool that allows customers to learn basic sign language phrases, enhancing communication and inclusivity in its restaurants.

.This initiative aligns with Americana’s broader vision to build a more connected and compassionate community

Looking Ahead

Building on its strong 2025 performance, Americana Restaurants remains committed to sustainable growth through continued innovation, operational discipline, and strategic expansion across the MENA region and beyond.

.The company’s focus on efficiency, brand development, and community engagement positions it well for further success in 2026

Fawry Enables Apple Pay for Egyptian Customers with Banque Misr Collaboration

Posted on أكتوبر 29, 2025أكتوبر 29, 2025 by doha

Fawry, Egypt’s leading fintech company, today announced the launch of Apple Pay

for its customers in collaboration with Banque Misr This partnership introduces a safer

more secure, and private way to pay using iPhone and Apple Watch, allowing customers

to avoid handing their payment cards to others, touching physical buttons, or handling cash

Seamless and Contactless Payments

With Apple Pay, customers can simply hold their iPhone or Apple Watch near a contactless

payment terminal to complete purchases. Each transaction is secure, authenticated with Face

ID, Touch ID, or a device passcode, along with a one-time dynamic security code

Apple Pay is widely accepted in grocery stores, pharmacies, restaurants, coffee shops, taxis

retail outlets, and many other locations, making it a convenient payment solution for everyday

purchases in Egypt

Fast Payments Online and in Apps

Fawry Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more

convenient purchases in apps or on the web via Safari, without repeatedly entering card

details, shipping, or billing information The service simplifies payments for food delivery

grocery shopping, online shopping, transportation, and parking, and can even be used for

in-app purchases on Apple Watch

Advanced Security and Privacy

Apple Pay prioritizes security and privacy When using a credit or debit card with Apple Pay

actual card numbers are never stored on the device or Apple servers Instead, a unique Device

Account Number is created, encrypted, and securely stored in the Secure Element, an industry

certified chip that safely keeps payment information on the device

Easy Setup and Rewards

Fawry Setting up Apple Pay is quick and simple Customers can

Open the Wallet app on their iPhone

Tap the + button

Follow the instructions to add their myFawry Yellow Card

Once the card is added, customers can start using Apple Pay immediately across all

compatible devices, including iPhone, Apple Watch, iPad, and Mac Customers continue

to enjoy all rewards and benefits offered by the myFawry Yellow Card

Crédit Agricole Egypt Reports Strong Q3 2025 Financial Results Despite 15% Annual Profit Decline

Posted on أكتوبر 29, 2025 by maryem

Crédit Agricole Egypt Announces Q3 2025 Financial Results

Crédit Agricole Egypt announced that its Board of Directors approved the standalone financial

results for the third quarter of 2025 during its meeting held on October 28, 2025.

The bank recorded a net profit of EGP 5.131 billion, representing a 15% year-on-year decline,

mainly due to exceptional foreign exchange gains recorded in the first quarter of 2024.

Strong Growth in Deposits and Loans

Customer deposits at Crédit Agricole Egypt rose by 27%, reaching EGP 107.1 billion, while

total loans increased by 18% year-on-year to EGP 61 billion.

The loan-to-deposit ratio declined to 56.9%, while the ratio of current and savings

accounts to total deposits stood at 56.5%.

Capital Resilience and Stable Performance

Crédit Agricole maintained a strong capital adequacy ratio of 20.2%, reflecting the bank’s solid

financial position.

The non-performing loan (NPL) ratio remained low at 2.4%, with a coverage

ratio of 172.1%, highlighting the bank’s effective risk management and stable credit portfolio.

Egyptian Economy Supporting Banking Growth

According to the statement, Egypt witnessed a notable economic improvement during

the first nine months of 2025, with real GDP growth reaching 4.5%.

The Central Bank of Egypt’s policies, including an interest rate cut of 525 basis points,

bolstered business confidence and activity, positively impacting Crédit Agricole’s performance in the local market.

Corporate Banking Performance

The corporate banking segment achieved 13% loan growth, reaching EGP 5.2 billion,

alongside a 30% increase in customer deposits.

This performance reflects the strength of client relationships and efficient liability management.

Expansion in Retail Banking

The retail portfolio recorded strong growth, with loans up 28% and deposits up 23%.

Auto loans surged by 128% year-on-year, driven by rising demand and the launch of new products.

Digital Transformation at Crédit Agricole Egypt

As part of its digital transformation strategy, Crédit Agricole Egypt launched a new

version of its mobile application “banki Mobile” to enhance user experience, security, and

convenience.

During Q3 2025, the bank executed over 5 million digital transactions, marking a 49% increase

compared to the previous year.

Additionally, 99% of local transfers were conducted online.

Leadership in Digital and Corporate Services

The number of active corporate clients on the bank’s digital platform rose to 48% of

total clients, with government e-payment transactions increasing by 24%.

The “banki Commerce” e-payment gateway also expanded, surpassing 100,000 e-commerce

transactions since its launch.

International Recognition

Crédit Agricole Egypt received the “Best Customer-Centric Banking Products – Egypt 2024”

award from Global Business Outlook magazine, recognizing its commitment to delivering high-quality,

customer-focused banking services.

Sustainability and Social Responsibility

The Crédit Agricole Egypt Foundation for Development continues to support the

community through four key pillars: education, health, social entrepreneurship, and the

environment.

Since 2017, more than 125,000 beneficiaries have been reached through projects funded with

over EGP 140 million.

The foundation’s initiatives have also provided clean drinking water to over 45,000 residents in Upper Egypt.

Strategic Expansion in Real Estate and Consumer Finance

The Egyptian Mortgage Finance Company, a subsidiary of Crédit Agricole Egypt, announced

the full acquisition of “Just Finance,” a company specialized in consumer finance.

This move aims to broaden the bank’s financial services offering and strengthen

its comprehensive growth strategy in the Egyptian market.

Kulture Developments and IGI Launch Innovative Mixed-Use Patterns Project in Fifth Settlement

Posted on أكتوبر 29, 2025أكتوبر 29, 2025 by doha

Kulture Developments has officially announced the launch of its latest mixed-use real

estate project, Patterns, in the heart of Fifth Settlement, New Cairo, in partnership with IGI

with total investments of approximately EGP 5 billion The project reflects the company’s

commitment to delivering innovative real estate developments while reinforcing investor

confidence in the strength of the Egyptian real estate market

Patterns: A New Benchmark in Mixed-Use Developments

Mohamed Abdel Hamid, CEO of Kulture Developments, described Patterns as a qualitative

leap in mixed-use development, combining commercial, administrative, and medical spaces

in a single integrated project He highlighted that the development is designed to provide

innovative architectural solutions, sustainable operations, and guaranteed investment returns

aiming to establish Patterns as a leading commercial, administrative, and medical hub in New Cairo

Abdel Hamid also emphasized the strategic partnership with IGI, noting that it brings significant added

value to the project due to IGI’s comprehensive development expertise. “Strong partnerships are essential

to the sustainability of the real estate sector and to maintaining investor confidence in Egypt,” he added

Strategic Location and Iconic Design

The Patterns project is situated on a prime 11,000 sqm plot with a 20,000 sqm built-up area

in East Cairo Its unique European-inspired architectural design, developed by Raef Fahmy Architects

positions it as one of the most distinctive commercial and administrative developments in the region

The project benefits from a corner plot location along a key axis in Fifth Settlement, directly facing the

Public Prosecutor’s Office and adjacent to some of the most prestigious residential compounds and major

commercial malls The design features independent and interconnected buildings with spacious

flexible layouts that are uncommon in the Egyptian real estate market, evoking the feel of a European downtown

Diverse Units and Flexible Payment Options

Patterns offers a variety of unit sizes to meet the needs of investors and tenants

Offices: Starting from 50 sqm

Clinics: Starting from 35 sqm

Retail stores: Starting from 60 sqm

The development includes retail shops, restaurants, cafés, banks, a supermarket, administrative

offices, clinics, laboratories, a pharmacy, and select global brands The company is providing flexible

payment plans, with project delivery scheduled within three years

Kulture Developments Expertise and Investment Value

Abdel Hamid stated, “At Kulture Developments, success is measured not only by investment

size but by the ability to create a truly rewarding investment experience that ensures sustainable

value and guaranteed returns The Patterns project embodies this vision

He added that Kulture Developments’ team possesses extensive experience in developing and

marketing mixed-use projects, with a strong track record in the commercial and administrative

real estate sectors, combining market expertise and customer-focused solutions

Italy Strengthens Jewellery Exports to the UAE, Reaching €836.9 Million in 2025

Posted on أكتوبر 29, 2025أكتوبر 29, 2025 by maryem

Significant Growth in Italian Jewellery Exports to the UAE Market

Italy continues to affirm its position as one of the world’s leading producers and exporters of fine

jewellery.

The total value of Italian jewellery exports to the UAE reached €836.9 million during the

first seven months of 2025.

This figure represents 7.9% of the UAE’s total jewellery market, placing Italy in third

position among the top exporters to the country.

13.72% Year-on-Year Increase in Italian Jewellery Exports

Exports of Italian jewellery to the UAE rose by 13.72% compared to 2024, reflecting the growing

demand across the region for Italian-made gold and jewellery, renowned for precision craftsmanship,

design excellence, and artistic innovation.

Strong Italian Participation in Jewellery, Gem & Technology Dubai (JGTD) 2025

Italy is preparing to showcase this success through its participation in the

upcoming Jewellery, Gem & Technology Dubai (JGTD) exhibition, scheduled to

take place from 11 to 13 November 2025 at the Dubai Exhibition Centre – Expo City.

Italian Trade Agency Organises Pavilion Featuring Over 50 Companies

The Italian Pavilion will be organised in cooperation between the Italian Trade Agency (ITA) and

the Ministry of Foreign Affairs and International Cooperation of Italy, featuring more than

50 leading Italian companies representing the country’s most prominent jewellery designers and manufacturers.

Italian Jewellery Lounge: A Hub for Buyers and Investors

The Italian Jewellery Lounge will offer visitors an opportunity to explore sustainable

production techniques and contemporary design innovations, while serving as a networking

hub connecting investors, designers, and buyers from across regional markets.

Italian Ambassador: Economic Relations Between Italy and the UAE Deepen

Lorenzo Fanara, Ambassador of Italy to the UAE, emphasized that Italy’s participation in JGTD

reflects the strength of bilateral economic ties, noting that Italian innovation and

craftsmanship align perfectly with the UAE’s vision for luxury and design leadership.

Dubai: A Global Centre for Gold and Jewellery Trade

The United Arab Emirates has become a leading global hub for jewellery trade, supported by

its favorable business environment, tax-free shopping, and thriving tourism sector.

According to the World Gold Council, the UAE ranked fifth worldwide in gold jewellery

demand, reaching 40 tonnes in the second quarter of 2024.

UAE: A Strategic Gateway for Italian Brands in the Middle East

The UAE market serves as a strategic platform for Italian jewellery brands to expand

across the Middle East, Africa, and South Asia, reinforcing Dubai’s role as a commercial

bridge between East and West.

Valerio Soldani: Italian Jewellery Represents Global Quality and Creativity

Valerio Soldani, Italian Trade Commissioner to the UAE, stated that Italian jewellery

is recognized globally as a symbol of quality, creativity, and excellence.

He added that JGTD Dubai 2025 provides a crucial opportunity to strengthen

trade partnerships and attract new investors to the Italian jewellery sector.

Italy’s Jewellery Industry: A Historic Legacy with a Modern Vision

Italy’s jewellery sector remains a cornerstone of its national economy, employing

over 30,000 skilled artisans across cities such as Vicenza, Arezzo, and Valenza—all internationally

renowned for their excellence in goldsmithing and jewellery design.

Digital Transformation and Sustainable Production Driving the Future

Italian companies continue to modernize their production processes through digital transformation

and the adoption of sustainable sourcing and manufacturing practices,

reinforcing Italy’s position as a global centre for fine jewellery and gold craftsmanship.

Italy Reaffirms Its Leadership in the Global Luxury Scene

Through its participation in JGTD Dubai 2025, Italy seeks to solidify its role as one of the world’s leading

jewellery exporters while highlighting its leadership in design

innovation, gemstone processing, and advanced manufacturing technologies.