Telecom Egypt announced the completion of the core 2Africa subsea cable system, developed through a consortium that includes Bayobab, center3, China Mobile International, Meta, Orange, Vodafone Group, and WIOCC.

Gold prices soared for the fourth consecutive session to a near two-month high on Monday, as Iran-Israel clashes pushed investors towards safe-haven assets

Misr Fertilizers Production Company (MOPCO) has decided to implement an intensive maintenance plan to improve operating conditions

Abu Qir Fertilizers and Chemicals Industries Company (ABUK) decided to implement an intensive maintenance plan for its plants to enhance operating conditions

The Ministry of Health signed a memorandum of understanding (MoU) with Siemens Healthineers to launch the first radiology equipment development center in Egypt and the Middle East.

The political and economic situation in the Middle East is facing huge challenges, Egyptian tycoon Naguib Sawiris said during the second session of the 6th Annual Hapi Conference, citing escalating events in Syria and Libya and their impact on investment.

Toyota Egypt Group (TEG) is making big strides in the Egyptian automotive sector by winning the Global Skill Award from Al-Futtaim Group.

Oriental Weavers was named one of the Top 50 Listed Companies in Egypt by Forbes Middle East.

Mastercard has teamed up with HSBC Middle East to launch Mastercard Wholesale Program in the region.

Beko Egypt has extended the responsibilities of its General Manager Umit Gunel to serve as the Regional Director for Beko in North West Africa.

Honeywell has appointed Khaled Hashem as President of the recently consolidated Middle East and Africa (MEA) region for the company.

Siemens Healthineers has appointed Vivek Kanade as Head of Middle East and Africa (MEA) Operations.

Egypt is planning to turn Cairo International Financial Center into the main financial hub for venture capitals (VCs) in the Middle East and North Africa (MENA) region.

Amid market uncertainty and the ensuing impact of global events, the financial sector in the Middle East has been witnessing the winds of digitalization. Embracing fast-shaping digital trends, financial organizations in the Middle East are tackling external challenges and swiftly creating sustainable brands for the future. On the back of technology, data, and the power of people, the sector is ready to showcase its might to the world. Here are some fast-shaping trends in the Middle Eastern financial sector.

The banking sector in Egypt led the list as CIB ranked 1st with a market value of $5.2 billion and total assets of $20.6 billion, followed by QNB Alahli.

The New York-based MSCI Inc previously announced that would adopt special treatment for Egypt in the MSCI Equity Indexes to potentially minimize the changes in related indexes and eliminate index replication problems.