STORY: ITIDA signs deal with UAE's MGN to expand operations in Egypt
SHOOTING TIME: Feb. 13, 2024
DATELINE: Feb. 14, 2024
LENGTH: 0:00:30
LOCATION: Cairo
CATEGORY: ECONOMY

SHOTLIST:
1. various of the signing ceremony

STORYLINE:

The Information Technology Industry Development Agency (ITIDA) and the UAE-based Mashreq Global Network (MGN) signed on Tuesday an agreement that aims to expand the latter's operations in the Egyptian market.
   
The signing ceremony, which was held on the sidelines of the Egyptian participation in the World Governments Summit in Dubai, was witnessed by Egyptian Prime Minister Mostafa Madbouly and Minister of Communication and Information Technology Amr Talaat.
   
Under the terms of the agreement, MGN commits to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement. These new hires will be primarily engaged in export activities related to banking business services.
   
Moreover, MGN will expand its operations in Egypt including extending offshoring services, such as data analysis services, business intelligence, internal audit, credit management, and various financial and banking services in areas such as risk management, product management, and shariah governance.
   
The company also intends to export these services from Egypt to customers of Mashreq Bank.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)