News

New Kuwaiti-Based Netflix Series Features Women In Lead Roles

Set in Kuwait during the 1980s, The Exchange follows the story of the women who shook up the cutthroat world of the stock market.

Published

4 years ago

January 26, 2023

Nour Nasir

Netflix

After the teaser dropped a couple of weeks ago, Netflix subscribers can now watch the official trailer of the new Kuwaiti series, The Exchange. The show is scheduled to premiere on February 8th and is inspired by the real-life story of Farida and Munira, two women who played a pioneering role in the fast-paced and heavily male-dominated stock market of 1980s Kuwait.

The Exchange stars Rawan Mahdi, Mona Hussain, and Hussain Almahdi. It takes the audience on a journey through the trials and tribulations of navigating a male-centric industry during a time when Kuwait’s stock market was booming.

Written by Nadia Ahmad, Anne Sobel, and Adam Sobel and directed by Jasem AlMuhanna and Karim El Shenawy, the six-part series offers a refreshing take on our current obsession with everything from the 1980s.

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“Having grown up in Kuwait and surrounded by independent women my whole life, this production is close to my heart. Rawan and Mona perfectly depict the struggles women experienced back in the 80s, and I can’t wait for the world to see their characters’ stories unfold on the big screen. Besides the plot, I am excited for the audience to see how we brought this era to life, which brings together local and international expertise in a high-production masterpiece, shot and produced entirely in Kuwait,” says the show’s producer, Abdullah Boushahri.

The Exchange is Netflix’s second original Kuwaiti series. In September 2022, the platform released The Cage, a comedy-drama about the ups and downs of marital life.

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.

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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.