Digital transformation
Mideast Communication Systems (MCS) has signed a memorandum of understanding with Egypt’s Ministry of Petroleum and Mineral Resources to enhance cybersecurity capabilities and develop skilled human capital in the petroleum sector. The MoU supports digital transformation in critical industries. It was signed by Wael Lotfy, Deputy Minister for Projects, and Tarek Shabka, Chairperson of MCS.
Reported by AI
Banco Serfinanza, part of Grupo Empresarial Olímpica, announced the acquisition of 30% of fintech Tpaga as part of its digital transformation strategy. The alliance aims to integrate digital payments and artificial intelligence into its services, also impacting Olímpica's retail chain with new payment options. Leaders from both entities emphasized combining technological innovation with banking experience to expand financial solutions.