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Egypt
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Society
3/14/2024 1:00:35 PM
Meta's Facebook pages dominate Egypt's e-commerce, commanding 61.7 percent, followed by WhatsApp groups at 31.8 percent, according to the March quarterly report of the Egyptian Ministry of Communications and Information Technology (MCIT).
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Business
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Economy
1/31/2024 6:23:01 PM
I have been privileged throughout my career to meet many entrepreneurs; and their boundless energy and passion to innovate never fails to amaze me.
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Business
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Markets & Companies
11/29/2023 4:39:19 PM
Global payment technology company MasterCard signed a memorandum of understanding (MoU) with Egyptian e-commerce platform MaxAB to offer digital services to small and medium enterprises (SMEs), according to a statement on Wednesday.
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Business
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Tech
10/11/2023 5:03:17 PM
The size of non-cash transactions in Egypt is expected to increase to $27.63 billion by 2027, with an annual increase of 14.03 percent, a new report published on Wednesday by Capgemini Institution for Research revealed.
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Business
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Markets & Companies
9/26/2023 10:58:53 PM
US regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition.
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Business
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Economy
7/23/2023 6:29:53 PM
Egypt's tax authorities have generated EGP 8.8 billion ($286 million) from 7,305 tax evasion cases, out of 22,000 discovered since the launch of the e-invoice system in November 2020, according to a statement by the Ministry of Finance on Sunday.
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World
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International
7/20/2023 1:20:07 PM
With its open kitchen, bathtub and electric piano, Chinese e-commerce worker Twiggy He's home is the envy of her colleagues -- even if it is located in their office carpark.
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Business
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Tech
6/15/2023 1:51:54 PM
TikTok's chief executive said Thursday the company would pour billions of dollars into Southeast Asia in the coming years, as a report showed its nascent venture into online shopping is paying off.
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Business
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Tech
7/19/2022 7:06:37 PM
Amazon has filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or free products.
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Business
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Markets & Companies
6/19/2022 3:01:58 PM
Cairo-based start-up Beyooot, an e-commerce platform specialised in home and office furniture, has announced its official launch in Egypt with a total capital of EGP 5 million.
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Business
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Tech
5/26/2022 3:17:43 PM
Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.
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Business
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Tech
5/15/2022 5:26:23 PM
From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times.
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Business
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Economy
5/7/2022 2:17:22 PM
The Federation of Egyptian Industries (FEI) and the Federation of Egyptian Chamber of Commerce (FEDCOC) denied reports on halting buying and selling gold in the country due to the allegedly unstable market and failure to control the price of gold.
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Business
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Tech
3/6/2022 5:54:25 PM
The number of e-wallets grew in the Egyptian market over the past three years to record 26 million, up from nine million in previous years, with 23 banks introducing related services, Sub-Governor of the Central Bank of Egypt (CBE) Ihab Nasr stated on Sunday.
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Business
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Tech
2/16/2022 6:54:30 PM
Egypt-based Contact Financial Holding, a non-banking financial services provider, announced on Wednesday the completion of its strategic investment in Wasla, an e-commerce super-app, with total investments valued at $9 million.
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Business
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Markets & Companies
1/23/2022 4:26:04 PM
ExpandCart, an e-commerce platform that operates in the Middle East and North Africa (MENA) region, has secured $2.7 million in a Pre-Series B bridge round of financing, led by Hong-Kong-based Betatron Venture Group with participation from existing investors, including Sawari Ventures from Egypt, and Agility Ventures from Kuwait, the platform announced.
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Business
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Markets & Companies
1/3/2022 5:18:04 PM
E-commerce in Egypt is expected to grow by 30 percent by the end of 2022, a report by BOOST for Consultations said.
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Business
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Tech
12/28/2021 11:16:46 AM
To help make China a self-reliant ``technology superpower,'' the ruling Communist Party is pushing the world's biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips-a business unlike anything Alibaba Group has done before.
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Business
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Tech
12/19/2021 3:27:54 PM
E-commerce transactions in the Egyptian market are expected to reach EGP 100 billion by the end of 2021, according to a new report published by Boost – a digital strategy provider for companies and entrepreneurs.
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Business
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Tech
11/7/2021 5:41:36 PM
Marsool — a Saudi on-demand application and one of the largest delivery platforms in the Middle East and North Africa (MENA) — is planning to double its investments in the Egyptian market in three years by expanding its business in the country, Marsool’s Co-founder Ayman Alsanad told Ahram Online.
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