Latest in Highlight
Egypt ranked 102 out of 152 countries in the index. The report was based on the classification of countries on several axes that included account ownership in a financial institution and the proportion of Internet users and secure its services.
The agreement aims to provide new and innovative services to stimulate rapid shipping traffic to and from the African continent, focusing on Egypt’s position as a major hub for development.
The round was co-led by Beco Capital, 4DX Ventures, and Endure Capital, with participation from 500 Startups, Outlierz Ventures and other local investors
Environment surrounding e-commerce activity developed rapidly within 1 year, says Moharram & Partners Managing Partner
“We supported 19 Egyptian startups through building capacity programmes,” says El Gohary
The most advanced fintech players in the Egyptian market are the payment service providers and mobile wallets and both have been widely adopted by banks and telecom providers.
Online sales in Egypt on Black Friday are 940% more than any other Friday, average purchase amount $87
With e-commerce being the most promising business on the rise around the region, a new tycoon has announced its intention to enter the Egyptian market. Ever since its inception in 2011, Namshi has been one of the leading e-commerce platforms in the region. Specialised in mid-market goods from fashion to beauty and home ware, Namshi …
The meeting also stipulates that the service of instant money transfer would be activated, in order to facilitate funds transfer for Egyptians living in Jordan to their relatives in Egypt
Artificial intelligence (AI) systems have been developing quickly in the past period. One of the most prominent sectors that benefit from this development is e-commerce, specifically marketing. In fact, according to many e-marketing experts, the coming few years will see an integrated AI system replacing traditional marketing as we know it today. AI applications have …
An AT Kearney report showed that by 2019/2020, predicted business process outsourcing (BPO), business-to-business (B2B) e-commerce activities, along with business-to-consumer (B2C) e-commerce trade, can add up to almost $3bn, realising a return at 2.35% of GDP. B2C e-commerce activities in Egypt were estimated to have reached $544m in 2015/2016. This forms approximately 0.4% of total …
Agreements aim to use logistical centre of Egypt Post at Cairo International Airport
eMarketer published a list of the countries projected to achieve the fastest growing sales via e-commerce this year and the coming two years. The list is comprised of 15 countries. According to the report, India topped the list of countries expected to achieve strong growth in the e-commerce market. The report predicted India will mark …
Online purchases account for 1.8% of total trade in MEA
Our main goal was to have a well-established online shopping website, with trendy designs as well as affordable prices, says co-founder
We aim to increase the number of customer service staff to 1,000 during the first quarter of next year
The Egyptian electronic payments company “PayMob”, one of A15 investment companies, has launched a new product under the name “Accept”, which provides merchants with e-commerce services. Accept allows merchants to carry out direct selling without the need to own a commerce website, which allows retailers to utilise the network to achieve the highest revenues. Accept …
We plan to deploy our services in the Middle East, North Africa, and the United States, says Hassan
The application allows creative artisans to display their products and increase their sales, while payment on receipt is still the solution to the lack of consumer confidence, says Diaa Hassan
Uber accounted for 58% of all calls related to requesting rides via smartphone applications
Souq currently controls around 78% of all e-commerce in the MENA region
Company investment portfolio has value of $3m, of which $800,000 has been invested, says Azer
SOUQ.com, the leading online shopping and e-commerce provider, launched two innovative selling programmes for small- and medium-sized enterprises (SMEs): “Fulfilled by SOUQ” and “SOUQ Selling Centre”. SOUQ.com considers the programmes to be advanced solutions in supply chain management and aims to build a fully integrated e-commerce ecosystem in Egypt. Through these programmes, SOUQ.com will be …
40% more credit cards, 36% more debit cards in use since 2010, according to CBE
Shares in the Chinese e-commerce giant Alibaba jumped more than 5 percent on Thursday after the company reported a 59 percent year-on-year increase in its first-quarterly revenue to nearly $5 billion.
Knockmart.com can deliver its clients all food commodities in 14 areas mostly in new cities
42% of domestic online shopping transactions are conducted via mobile phones
Facebook still ranks first among social media sites in the Middle East, though its usage is relatively low in Saudi Arabia and Kuwait
18m daily visits for e-commerce websites, two of which control 70% of the market: Yaoota report
We are studying opening technological representative offices to support export