A Couple of days ago, I was doing my regular shopping at a well-known hypermarket, and the cashier complained that no one had change. I thought this might have something to do with high inflation rates. Currently, the purchasing power of a 200-Egyptian-pound banknote (EGP) is weak. I checked the Central Bank of Egypt (CBE) website and found that the EGP 200 note has the highest circulation among other banknotes.

Think about how many times you have been tricked by those indirect marketing campaigns.

As a research manager, one of my duties is to hire new team members every now and then. Hiring fresh graduates is much easier than finding experienced candidates. However, an even more hectic challenge than finding a senior-level caliber is investing time, knowledge, and energy in juniors, then losing them to one of the latest headhunting waves.

The global economic situation has been facing uncertainty over the past years. As a result, people are losing trust in economists. They are wondering why economic conditions are not getting better. Questions have been raised about the accuracy of the published economic indicators.

Generative AI, a subset of artificial intelligence that creates new content from learnt data, is transforming various industries, including financial services. This technology uses advanced machine learning algorithms to generate text, images, sounds, and other content. In finance, it boosts efficiency, innovation, and customer experience.

Bekia, Bekia! Are you familiar with this word? Oh yes, I am sure you did it before and sold something to the local waste collector. It is becoming global, and we should develop our standards too.

Overseas stock trading has become increasingly popular in recent times as investors seek to diversify their portfolios and valve into new requests. With the advancement of technology and the use of artificial intelligence (AI), this type of trading has become more accessible, effective, and profitable for individuals and businesses alike.

In today's digital age, technology has revolutionized the financial landscape, empowering banks to offer a wide range of investment products to individuals. By leveraging advanced tools and platforms, banks have transformed the way individuals engage with investments, providing greater accessibility, convenience, and customization. This article explores how technology has played a pivotal role in reshaping the investment landscape and enabling banks to cater to the diverse needs of individual investors.

Microfinance, a catalyst for economic growth and empowerment, is undergoing a transformative revolution in Africa, with a particular spotlight on Egypt. This article explores the potential of digital and artificial intelligence (AI) solutions in microfinance and strategies to motivate Egyptian banks to embrace fintech for a more inclusive and efficient lending journey.

Consumer finance FinTech, the intersection of consumer financial services and technology, has witnessed remarkable growth worldwide, including in emerging markets like Egypt. While FinTech innovations offer convenience and accessibility to consumers, it is important to understand the embedded risks, especially during currency devaluation. This article explores the growth of consumer finance and highlights the risks associated with currency devaluation.

Securing more hard currency is at the top of the Egyptian government’s economic agenda in 2024. The five major sources of hard currency are expected to remain the same for a while. These sources are merchandise exports, remittances of Egyptians working abroad, tourism revenues, foreign direct investment (FDI), and Suez Canal revenues. The government is willing to triple the inwards from these sources to reach $300 billion by 2023, according to the Egyptian Cabinet.

Artificial intelligence (AI) and machine learning (ML) have revolutionized the way we approach stock market prediction. By leveraging vast amounts of data and advanced algorithms, these technologies have enhanced decision-making capabilities, enabling investors to make more informed choices. This article explores the significant impact of AI and ML in stock market prediction and highlights some successful implementations.

Exchange rate movements are the talk of the town. Everybody wants to be updated with the dollar price in the parallel market. Before the regular meeting of the Monetary Policy Committee (MPC), rumors started to spread widely about another devaluation of the Egyptian pound. However, people usually mix between four economic terminologies. Devaluation is not similar to depreciation and is different from flotation and correction.

The ascent of financial technology has revolutionized various sectors, including the remittance industry. FinTech remittance companies have emerged as a disruptive force, revolutionizing the way money is sent and received across borders. This article delves into the profound impact of FinTech remittance companies on emerging economies, with a particular focus on Egypt as a compelling case study.

Egypt is halfway through its long-term strategy. Eight years have already passed since the release of Egypt Vision 2030. The state designed the vision to align with the United Nations’ (UN) Sustainable Development Goals (SDGs). The published initial drafts of the vision were very promising. It just needed fine-tuning and adding some clear key performance indicators (KPIs). In 2018, there were talks about updating Egypt Vision and launching a second edition.

In the ever-evolving landscape of financial services, staying at the forefront of technology is crucial for success. One of the key drivers of transformation is cutting-edge technology. This article explores what cutting-edge technology entails and how it is reshaping the financial services industry. By highlighting its potential and challenges, we will delve into the ways in which cutting-edge technology is remodeling business processes and revolutionizing customer experiences.

The first stock trade I made was buying Nike shares online in the late 1990s. Back then, I was still new to investing and was not aware of all the available options. To me, stock indices were simply indicators of market performance on any given day. Little did I know about index funds, which are mutual funds or exchange-traded funds (ETFs) designed to mirror the performance of a market index such as the S&P 500 in the US.