Latest news with #MohamedNasr
Tahya Masr
22-05-2025
- Business
- Tahya Masr
A strategic partnership between B.TECH and WE to provide an integrated and distinguished shopping experience
the leading, most distinguished and rapidly expanding omnichannel retailer of consumer electronics and home appliances, announced a strategic partnership with WE, the largest telecommunications operator in Egypt. This partnership aims to offer a range of exclusive offers and services to WE customers through widespread network of stores across the country. Under this partnership, collaboration will take place through the WE Bonus loyalty program, enabling fixed-line internet and mobile customers to redeem their points at all stores. This step is intended to strengthen the integration between digital services and retail. Additionally, other exclusive benefits will be provided to fixed-line internet customers, contributing to an enhanced customer experience. This partnership reflects the commitment of both WE and to create real added value for customers by delivering a fully integrated shopping experience. It also aims to offer advantages to customers, from easier access to products and services to innovative reward programs that grant users numerous benefits. The partnership will also allow WE customers to benefit from the latest services offered by including mylo services, which provide flexible installment plans and a seamless shopping experience, as well as TECH CARE services that offer comprehensive technical support and maintenance solutions designed to improve customer convenience and ensure the optimal performance of their devices. Dr. Mahmoud Khattab, Chairman and CEO of expressed his delight with this partnership, saying: "This collaboration with WE represents a strategic step that reflects vision of strengthening partnerships with major national entities. At we believe in the importance of integration between the retail and telecommunications sectors to offer innovative solutions and services that improve the customer experience and meet their expectations" . He added:' Through this partnership, we aim to support digital transformation efforts by providing a smart and flexible shopping experience that combines the power of technology with retail." For his part, Eng. Mohamed Nasr, Managing Director and CEO of Telecom Egypt, said: "This partnership comes as part of our ongoing efforts to enhance customer experience by identifying and delivering what they truly need to improve their lives. We will continue to enter into such partnerships that ensure customers receive the greatest possible value." He added: "Our partnership with will allow us to offer real added value to our customers through innovative loyalty programs and an exceptional shopping experience."
Zawya
25-03-2025
- Business
- Zawya
WE and CIB partner to offer advanced digital financial services in Egypt
WE, the retail brand of Telecom Egypt and country's leading telecommunications and information technology service provider, has announced a strategic partnership with the Commercial International Bank (CIB), the country's largest private sector bank. The collaboration aims to deliver an innovative model that expands access to financial services for WE customers across Egypt. Under the memorandum of understanding, CIB will develop financial products and services tailored specifically for WE customers, utilising the latest digital models and programmes within a Banking-as-a-Service framework. The partnership will leverage WE's extensive geographical reach, distribution channels, and services offered to millions of customers, creating added value for both organisations and contributing to financial literacy, the integration of the informal economy, and greater financial inclusion. This initiative aligns with Egypt's digital transformation goals, promoting financial inclusion by integrating banking services within the WE digital ecosystem. The collaboration also reflects CIB's commitment to innovation and customer-centric banking, ensuring financial services are available anytime, anywhere. By combining their efforts, WE and CIB are setting a new standard for cooperation between the banking and telecommunications sectors, paving the way for a more connected and financially inclusive future. 'We place our customers at the top of our priorities, and through this partnership with CIB, we are taking a new step towards providing integrated digital financial services that facilitate the lives of millions of Egyptians,' said Mohamed Nasr, Managing Director and CEO of Telecom Egypt. 'Our extensive geographical reach and advanced digital infrastructure, coupled with our presence in every Egyptian home, enable us to reach our customers with valuable offerings that meet their needs and enhance their experience.' Nasr added, 'This partnership represents a key pillar in our strategy to promote financial inclusion and contribute to building a more inclusive and sustainable digital economy. We are proud to partner with CIB to provide a seamless banking experience within our ecosystem.' Rashwan Hammady, Chief Retail, Commercial Banking and Financial Inclusion Executive at CIB, stated, 'We have a deep belief in the importance of leveraging technology, data analysis, and building strategic partnerships to enhance access to financial services in an innovative way. This partnership represents an important step towards a more advanced digital banking future, by combining CIB's banking expertise and our digital development with WE's vast infrastructure and unparalleled geographical reach.' Hammady added, 'We aspire that our cooperation with WE will enable millions of customers to benefit from banking services easily and safely, enhancing our commitment to digital innovation and financial inclusion.'
Daily News Egypt
25-03-2025
- Business
- Daily News Egypt
WE and CIB partner to offer advanced digital financial services in Egypt
WE, the retail brand of Telecom Egypt and country's leading telecommunications and information technology service provider, has announced a strategic partnership with the Commercial International Bank (CIB), the country's largest private sector bank. The collaboration aims to deliver an innovative model that expands access to financial services for WE customers across Egypt. Under the memorandum of understanding, CIB will develop financial products and services tailored specifically for WE customers, utilising the latest digital models and programmes within a Banking-as-a-Service framework. The partnership will leverage WE's extensive geographical reach, distribution channels, and services offered to millions of customers, creating added value for both organisations and contributing to financial literacy, the integration of the informal economy, and greater financial inclusion. This initiative aligns with Egypt's digital transformation goals, promoting financial inclusion by integrating banking services within the WE digital ecosystem. The collaboration also reflects CIB's commitment to innovation and customer-centric banking, ensuring financial services are available anytime, anywhere. By combining their efforts, WE and CIB are setting a new standard for cooperation between the banking and telecommunications sectors, paving the way for a more connected and financially inclusive future. 'We place our customers at the top of our priorities, and through this partnership with CIB, we are taking a new step towards providing integrated digital financial services that facilitate the lives of millions of Egyptians,' said Mohamed Nasr, Managing Director and CEO of Telecom Egypt. 'Our extensive geographical reach and advanced digital infrastructure, coupled with our presence in every Egyptian home, enable us to reach our customers with valuable offerings that meet their needs and enhance their experience.' Nasr added, 'This partnership represents a key pillar in our strategy to promote financial inclusion and contribute to building a more inclusive and sustainable digital economy. We are proud to partner with CIB to provide a seamless banking experience within our ecosystem.' Rashwan Hammady, Chief Retail, Commercial Banking and Financial Inclusion Executive at CIB, stated, 'We have a deep belief in the importance of leveraging technology, data analysis, and building strategic partnerships to enhance access to financial services in an innovative way. This partnership represents an important step towards a more advanced digital banking future, by combining CIB's banking expertise and our digital development with WE's vast infrastructure and unparalleled geographical reach.' Hammady added, 'We aspire that our cooperation with WE will enable millions of customers to benefit from banking services easily and safely, enhancing our commitment to digital innovation and financial inclusion.'
Daily News Egypt
12-03-2025
- Business
- Daily News Egypt
IMF approves $2.5bn for Egypt, including $1.3bn for climate resilience
The International Monetary Fund (IMF) has approved a $2.5bn financing package for Egypt, with approximately half to be disbursed immediately, according to statements from the IMF and the Egyptian Ministries of Finance and Environment. Of the total, $1.2bn will be promptly disbursed as the latest tranche of Egypt's current $8bn programme, the IMF said in a statement on Tuesday. The move comes as the IMF urged further reforms for the country, which is seeking to emerge from its worst economic crisis in decades. The IMF also agreed to provide $1.3bn of new financing via a Resilience and Sustainability Facility (RST). These funds, according to the Egyptian ministries, are intended to support the implementation of Egypt's Climate Change Strategy 2050 and its Nationally Determined Contributions (NDC) plan for 2030. They will be disbursed in tranches and used to tackle challenges related to climate change. According to the ministries, the funding forms part of a package of structural reforms aimed at supporting the national strategy. The strategy was developed jointly by several state ministries and agencies, with participation from the Central Bank of Egypt, Mohamed Nasr, Egypt's Ambassador in Vienna and chief negotiator for financing, representing the Ministry of Foreign Affairs, and in coordination with a range of government bodies. The package of structural reforms to be implemented includes 10 reforms across four key areas: accelerating decarbonisation in Egypt; analysing financial risks related to climate change; enhancing climate-related data and risk management; building adaptive capacity; strengthening the financial sector's resilience to climate change and supporting climate finance; and identifying, measuring, and disclosing the impact of investment plans, programmes, and projects on national climate change goals. The Egyptian ministries said the agreement will strengthen Egypt's position ahead of the upcoming COP30 climate conference and underlines that climate change is a top priority on the political leadership's agenda.
