Egypt wins first place in Arab FinTech Challenge in Dubai

Ahram Online , Sunday 29 Oct 2023

The Egyptian American University team won first place in the Arab FinTech Challenge for universities at GITEX Dubai 2023, which is sponsored by FinTech Egypt powered by the Central Bank of Egypt (CBE), the bank said in a statement on Saturday.

A photo showing the Egyptian American University team winning first place in the Arab FinTech Challe
A photo showing the Egyptian American University team winning first place in the Arab FinTech Challenge. Cabinet.


The competition, which took place on the sidelines of the Expand North Star Dubai from 15 to 18 October, was held in the MENA region for the first time among university students.

It aims to encourage and consolidate the idea of financial technology by supporting and stimulating the innovation of emerging projects, qualifying and supporting university youth technically to launch their projects.

The team won this challenge after a strong competition with various teams from other universities from several Arabic countries including the UAE, Lebanon, and Jordan.

GITEX North Star took place in the international business and economic hub of Dubai, to unite founders, VCs, ecosystem enablers, and tech leaders from around the globe to secure business and investment deals, increase their partner networks, and share knowledge.

The event was part of GITEX GLOBAL 2023, the world's largest technology exhibition hosted by the Dubai Chamber of Digital Economy, gathering more than 1,000 investors and collectively managing assets exceeding $1 trillion.

Moreover, GITEX GLOBAL serves as an initiative launched by Dubai’s government bringing together innovators, business leaders, startup owners, and investors to explore innovative economic solutions and to showcase the world's latest technology.

GITEX GLOBAL was a monumental success, creating a platform for the world to connect, innovate, and forge lasting international partnerships.

The African version of GITEX AFRICA is scheduled to be held in May 2024 in Morocco, while GITEX EUROPE will be held in 2025 in Berlin.

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