News

Netflix To Give 5 Arab Female Filmmakers A $250,000 Grant

This is AFAC’s second collaboration with Netflix, and it aligns perfectly with its mission to promote diversity of voices and narratives.

Published

4 years ago

April 23, 2022

David Morelo

In 2021, Netflix set up its Fund for Creative Equity to create more opportunities for people from underrepresented communities. Now, the subscription streaming service and production company is partnering with the Lebanon-based Arab Fund for Arts and Culture (AFAC) to offer a $250,000 grant to 5 Arab female filmmakers.

“The Fund for Creative Equity helps the industry as a whole to have a much more dynamic, interesting, multidimensional representation of women, and this is one step in the journey to enabling more women to tell their stories and have new audiences discover their work”, said Nuha El Tayeb, Director Content Acquisitions, Middle East, and Turkey at Netflix.

Also Read: Disney+ Confirms Its Middle East Launch Date

The one-off grant will go to five projects across the MENA region:

The Mother Of All Lies by Asmae El Moudir (Morocco): A documentary focusing on the 1981 Bread Riots in Morocco and its impact on the director’s family and contemporary society.
My Name Is Clara by Sarra Abidi (Tunisia): A story of a call center operator named Ayda, who is living an ordinary and repetitive life.
Manity by Tania El Khoury (Lebanon): An examination of the relationship between an 11-year-old son and his father as they go bird hunting.
The Day Vladimir Died by Jana Wehbe (Lebanon): A story of an old man who spends his time checking the obituaries page and attending funerals.
From The Other Shore by Diala Kachmar (Lebanon): A movie about two handicapped friends who navigate life together.

This is AFAC’s second collaboration with Netflix, and it aligns perfectly with its mission to promote diversity of voices and narratives. “More and more Arab female filmmakers are creating moving images that have the power to shed light on the realities of the region,” said Rima Mismar, AFAC’s current Executive Director.

News

Egypt’s Mobile Wallets Are Booming, But Cash Still Has Power

Egypt’s telecom regulator says $57.6 billion moved through more than 57 million wallets in six months. And one operator handled 77% of the value.

Published

4 days ago

September 12, 2026

Nour Nasir

egypt's mobile wallets are booming but cash still has power

Egypt’s mobile wallets handled EGP 2.96 trillion ($57.6 billion) in transactions in the first half of 2026, according to the National Telecom Regulatory Authority – a 56% rise on the EGP 1.90 trillion ($36.9 billion) recorded a year earlier. Transactions grew faster still, up 62% to 2.22 billion, while registered wallets climbed 23% to 57.01 million.

On one reading, that is exactly what Egypt’s regulators have been pushing for: a payments system that runs through telecom-linked wallets rather than banknotes. But the same data shows how far cash still reaches into it. Cash withdrawals made up just 12% of the transactions taking money out of wallets, yet 75% of the value withdrawn or spent.

Money arrives mostly from bank accounts: transfers through InstaPay accounted for 78% of deposit transactions and 58% of the value deposited, while incoming remittances from abroad made up 3% of deposit transactions but 10% of their value. Once inside, it largely moves between wallets – wallet-to-wallet transfers accounted for 54% of all transactions and 67% of total value, with mobile and internet top-ups a distant second at 25% of volume. In effect, the wallet is serving as a transfer layer: the place money passes through between the bank account and the banknote.

That layer also runs predominantly through one operator. Vodafone Cash held 53% of registered wallets and 57% of active ones, but handled 69% of transactions and 77% of their value. Its nearest rival, e& money, held 23% of registered wallets but 14% of transaction value; Orange Cash 20% and 8%; WE Pay 4% of wallets. How many of the 57.01 million are active is not stated.

Also Read: Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Adoption is rather uneven in other respects. Men held 38 million wallets, or 67% of the total, against 19 million held by women. Users aged 26 to 45 accounted for half of all wallets, and Cairo alone had 10.6 million, or 19% of the national total, with Giza next at 6.5 million.

The NTRA says it is continuing to work with telecom operators on the regulatory framework for wallet services, part of a wider effort to expand electronic payments and financial inclusion. Its own figures show that effort succeeding on the way in. On the way out, three-quarters of the value still leaves as cash.