Bitcoin Price Live 2025 in the Middle East: Safe and Easy Ways to Buy and Trade
Cryptocurrencies, particularly Bitcoin, are highly volatile. Therefore, tracking the live Bitcoin price is essential for investors and traders to make informed, timely decisions. Accurate, real-time updates improve opportunities to buy or sell at optimal prices and help minimize risks associated with sudden market changes. Easy and Secure Ways to Buy Bitcoin in the Region
Trusted exchanges like MEXC provide multiple methods to purchase Bitcoin, including local bank transfers, debit/credit cards, and peer-to-peer (P2P) platforms . These methods support major banks in the region, such as Al Rajhi Bank and Riyad Bank in Saudi Arabia, Emirates NBD in the UAE, and the National Bank of Egypt , making transactions safe and fast . The Role of USDT in Local Markets
USDT (Tether) , a stablecoin pegged to the US dollar, is the preferred option for maintaining value amid market fluctuations. In the Middle East, users rely on USDT for cross-border transfers and reducing bank transfer fees , especially in countries facing economic volatility or high inflation, such as Egypt and Lebanon . Bitcoin Trading and Futures with Leverage
After buying Bitcoin, investors can trade in spot markets or futures with leverage up to 500x , offering significant profit opportunities. Trading platforms provide advanced tools like stop-loss and take-profit orders , enabling traders to manage risks efficiently and capitalize on price fluctuations. Using Mobile Trading Apps for Portfolio Management
Mobile trading apps have become essential for Middle Eastern traders, allowing them to track Bitcoin's live price and execute trades anytime, anywhere . Apps like MEXC offer user-friendly interfaces, instant alerts, and market analysis to support quick, effective decision-making. Security and Trust in Trading Platforms
Trust in exchanges comes from security, transparency, and consistent user support . Platforms like MEXC offer multi-layered protection for client funds , Arabic language support, high liquidity, and competitive trading fees suitable for all types of traders. Discover More on the Official Crypto Blog
If you want to deepen your knowledge of cryptocurrencies and stay updated with the latest market news, visit specialized crypto blogs that provide educational articles, market analyses, and detailed guides to help you understand trading, track Bitcoin's live price, and make the most of available tools. Stay informed with expert tips and trends to succeed in the dynamic crypto world. Tips for Safe Bitcoin Investment Choose licensed and trusted trading platforms .
Track Bitcoin's live price from multiple sources for accuracy .
Use technical analysis tools to understand market trends before making decisions.
Never invest money you cannot afford to lose , and diversify your portfolio to reduce risk. Conclusion
With Bitcoin adoption growing across the Middle East and North Africa, it has become essential to monitor Bitcoin's live price and use secure, efficient buying and trading methods . Selecting reliable platforms , understanding the market, and applying well-planned trading strategies put investors in a strong position to achieve sustainable profits in the volatile cryptocurrency market.
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Egypt Independent
3 hours ago
- Egypt Independent
A prominent venture capitalist's Islamophobic posts stir outrage among Middle Eastern and Muslim tech founders
New York — Some Muslim and Middle Eastern tech founders and leaders are among people protesting a Some Muslim and Middle Eastern tech founders and leaders are among people protesting a prominent venture capitalist's recent comments blasting New York mayoral candidate Zohran Mamdani. They say when Sequoia Capital partner Shaun Maguire called Mamdani an 'Islamist' who 'comes from a culture that lies about everything' earlier this month, it shined a light on what they say is pervasive Islamophobia in their industry. Maguire earlier this month made those statements – which had 5.6 million views on X, as of July 23 – in reaction to a New York Times report that Mamdani marked his ethnicity as both 'Asian' and 'Black or African American' on his 2009 application to Columbia University. Maguire has since continued to double down on social media, posting that Mamdani defends terrorists, raising inflammatory claims about his father, and claiming that both of them are 'so excited' for a third Intifada. CNN has reached out to Mahmood Mamdani, Zohran Mamdani's father. Maguire's initial remarks on July 4 immediately drew backlash from the tech community as well as supporters of Mamdani. More than 1,100 people have signed an open letter to Sequoia on July 9 condemning Maguire's comments and demanding the venture capital firm apologize and take disciplinary action against him. The signatories list includes the names of startup founders and other business figures across the world, although CNN could not independently verify the signatures. Shaun Maguire, a partner at venture capital firm Sequoia Capital, has drawn backlash for his social media posts about New York mayoral candidate Zohran 137 Ventures/Fo Maguire's comments 'struck a chord with a lot of people, just because of the fact that he wasn't at some no-name shop. It was Sequoia,' said Hosam Arab, co-founder and CEO of Gulf fintech company Tabby, who signed the letter about Maguire. Arab's company raised money from Sequoia Capital's India business before Sequoia split off that arm of its business in 2024. Maguire is not the only one in the VC space to hold those views, but 'he was probably the loudest, most vocal, most consistent,' added Arab. When asked for comment, Maguire directed CNN to a 30-minute follow-up video in which he said that Islamists only made up a small fraction of Muslims and that he was 'very, very sorry' to any Indians or Muslims who aren't Islamists. 'This tweet did not land the way I thought it would. What I was trying to do is associate Zohran with an ideology that I think he has that is beyond just socialism,' he said. Sequoia has not responded to CNN's requests for comment. Mamdani, who would be the city's first Muslim mayor if elected, did not respond to requests for comment. Muslim and Middle East founders respond Sequoia Capital is one of the most esteemed venture capital firms in Silicon Valley, managing around $56 billion in assets as of January. Founded in 1972, it has a remarkable track record of early investments in globally successful companies including Apple, Google, Nvidia and many, many more. Sequoia Capital offices in Menlo Park, California. It is one of the most esteemed venture capital firms in Silicon Valley, Bloomberg/Bloomberg/Bloomberg via Getty Images Although New York is far from Silicon Valley and even farther from the Middle East, startup founders in the Middle East have condemned Maguire's comments. The Middle East has become more and more intertwined with the global investing stage, especially with the deep pockets of sovereign wealth funds and family offices. Many companies in the region received funding from Sequoia's India branch, which had its own fund, though that was spun off last year. For example, Sequoia India made a $33 million investment in Saudi fintech Lean Technologies in 2022, and Egyptian consumer money app Telda also received seed funding from the firm. By contacting Sequoia's limited partners, the letter's supporters may try to hit the venture firm where it hurts: its purse strings. In an update to the letter, the signatories said if Sequoia did not publicly condemn Maguire's remarks and launch an internal investigation into Maguire's conduct over the past two years, their next steps would be to contact Sequoia's limited partners – passive investors who provide capital to a fund but aren't involved in managing or decision-making. One Middle Eastern founder confirmed they are reaching out to wealthy family offices and sovereign wealth funds, though Sequoia has not shared exactly what percentage of its reserves come from these funds. 'As founders building the future of technology, we cannot accept leadership from a firm whose partners engage in hate speech and spread bigotry,' the original letter said. In theory, startup founders could also refuse to accept any money from Sequoia. But that may prove far-fetched, particularly for startups that typically need a wide variety of funding sources. So far there's been no public action from any partners, and it appears unlikely that any of the letter's signees will make a significant dent in Sequoia's bottom line. 'There are many idiots saying a lot of stupid things online. We don't care. We don't want to tell anybody what to say or not to say,' said one founder who signed the letter who didn't want to be named because of concerns about repercussions to their business and who doesn't receive money from Sequoia and instead receives funding from other international firms. 'We don't have a political horse in this, and we are not part of New York.' By saying nothing and not publicly responding to measures recommended in their letter, the founder said, it seems that Sequoia is essentially signing off on that rhetoric. 'Anything short of these measures signals tacit acceptance of anti-Muslim hate and racism,' the letter said. 'As the leading venture firm that shapes the future of technology and entrepreneurship globally, Sequoia's response will define whether you stand on the side of inclusion or on the side of complicity.' Islamophobia in the tech world Some of those Muslim and Middle East signees are criticizing Maguire's comments, and pointing out patterns in other major players in the finance and tech world who they say are Islamophobic and dehumanizing Palestinians, as Israel's war in Gaza has inflamed rhetoric toward Muslims and Arabs. 'He's clearly targeting certain Muslim figures, spending 30 minutes attempting to explain what his definition of Islam is,' one letter signee said, referencing Maguire's follow-up video. 'Come on, that should not be the stance of the premiere venture capital firm of the world.' There are 'people out there that genuinely have hatred towards our people in our community… what they say should not be just simply accepted as a matter of fact and part of our political discourse,' Abed Ayoub, national executive director of the American-Arab Anti-Discrimination Committee, told CNN. One founder, who signed the letter and wants to remain unnamed because of Maguire's threats toward his perceived 'enemies' on X, recalled how Sequoia had a reputation for investing in companies founded by immigrants, like Google's Sergey Brin, who was born in Moscow, and companies by other Indian immigrants. 'That's what we all as founders were looking up to – the American way of investing – which is kind of colorblind. And I think therefore this episode is even more shocking,' they said. Maguire has called video that appeared to show a dead child in Gaza a 'doll' on X, called the United Nations a 'terrorist organization' and reposted content from Laura Loomer, a right-wing activist who once described herself as a 'proud Islamophobe.' The Council on American-Islamic Relations, the nation's largest Muslim advocacy group, said in a letter that Maguire's posting history on X, including ones before July 4, 'reflects a dangerous pattern of anti-Muslim hate speech.' Smoke billoweseast of Gaza City following Israeli strikes on July 13. Bashar Taleb/AFP/Getty Images The controversy comes in the shadow of Israel's war in Gaza, which people who signed the letter told CNN is the catalyst for a lot of Islamophobic rhetoric. Islamophobia has risen to 'alarming levels' across the world, including against Muslims, warned United Nations experts in March 2024. The Council on American-Islamic Relations said in its 2025 civil rights report that Islamophobia remains at record levels in the US. The group received 8,658 complaints in 2024 — the highest number ever recorded since its first civil rights report in 1996. The open letter to Sequoia also has signatures from non-Muslim Arabs and founders based in the United States. On July 9, Maguire posted to his 'enemies' that he is aware of their 'command structure' and that he is 'going to play nice for now, but am ready to embarrass any of you should you escalate.' Attacks on Mamdani Mamdani has come under fire from opponents for his stance on the Israel-Gaza war. Mamdani, for example, refused to condemn the phrase 'globalize the intifada,' during his primary campaign, saying although he would not use the phrase himself, he believes it's a rallying cry for Palestinian human rights. However, he recently told a group of New York City business leaders he would discourage use of the phrase, CNN reported Wednesday. New York City mayoral candidate Zohran Mamdani speaks in New York on July 10. Jeenah Moon/Reuters/File On the campaign trail, Mamdani has expressed the impact of Islamophobic attacks and has said frequently there is no room for anti-Semitism in New York. 'I get messages that say the only good Muslim is a dead Muslim,' Mamdani said in June, adding that he is characterized by rivals 'as being a monster' with 'language that describes almost a barbarian looking to dismantle a civilization.' Still, Maguire has received some public support. On July 10, less than a week after Maguire's initial post, another Sequoia partner posted a lengthy statement in support of Maguire. 'Shaun is one of the few people with the courage and mental acuity to wade into these incredibly complex waters and attempt to provide clarity, fully knowing that the slightest misstatement will cause the extremists to pounce,' Pat Grady said. However, he also reiterated that he does 'not agree with everything my partners say' and that he supports the Muslim community. At the same time, another letter signed by prominent tech leaders defends Maguire against the backlash, this one with more than 1,400 signees. 'Whether one agrees with his views or not, his words were not hate speech – they were the reflections of a principled thinker and a partner to countless founders who span geographies, faiths, and political beliefs,' the letter said, adding the undersigned 'stand against ideological bullying.'
Daily News Egypt
a day ago
- Daily News Egypt
Culture minister launches national plan to revive film industry, modernise cinematic assets
Minister of Culture Ahmed Fouad Henno has announced the launch of a comprehensive national plan to revive the Egyptian film industry. The plan focuses on developing state-owned cinematic assets into modern production hubs equipped with the latest technologies, while also preserving and digitally restoring Egypt's rich cinematic heritage to present it to new generations in high-quality formats that reflect its historical and artistic value. The Minister affirmed that this initiative comes in response to directives from the political leadership to invest in idle cultural assets and enhance their contribution to the creative economy. It also aims to provide a professional production environment that will help restore Egypt's leading position in cinema. Henno explained that the strategy rests on three main pillars: upgrading the infrastructure of studios and cinemas, reactivating idle assets to maximise their cultural and economic value, and establishing a professional national production entity to offer integrated services for creators and investors. As part of this effort, the Holding Company for Cinematic Productions, together with its subsidiary the Cinematic Asset Management Company, has set out an ambitious plan to modernise Cinema City, Studio Nahhas, and Studio Ahram. These facilities will be outfitted with advanced post-production technologies, including editing systems, colour grading, sound mixing, digital archiving, and upgraded fire safety and air conditioning systems. The plan also covers the renovation of sound stages and cinemas such as Miami, Diana, and Normandy. The company has already reopened several previously closed cinemas and has launched renovation work on Miami and Normandy cinemas for the first time in over 25 years. It has also settled disputes with distribution companies and upgraded audio-visual systems. Additionally, the Holding Company is working to establish a national production company to provide professional services in filming, editing, sound mixing, and colour grading. The aim is to support film and television production in Egypt and deliver competitive production models across the Arab world and the wider region. In parallel with modernisation efforts, the Holding Company—working alongside the Heritage Restoration Center for Audio-Visual Media at Media Production City—has digitally remastered several Egyptian cinema classics in high-quality 4K resolution. These titles include The Second Wife, The Sin, The Quail and Autumn, Sunset and Sunrise, The Man Who Lost His Shadow, Umm Hashim's Lamp, The Road, Cairo 30, A Taste of Fear, My Wife and the Dog, Between the Two Palaces, Palace of Desire, My Wife Is a General Manager, The Beggar, The Impossible, People and the Nile, A Crime in the Quiet District, and The Mirage. Ezz El-Din Ghoneim, CEO of the Holding Company, explained that this restoration initiative will help showcase these cinematic treasures on digital platforms and at international festivals, reinforcing Egypt's cultural leadership and its status as a prominent soft power in the region and beyond. Ghoneim added that the company has launched an official website to manage cinematic assets, alongside a dedicated YouTube channel to stream state-owned films. It has also signed a contract with a content protection company to prevent piracy and maximise digital revenues. Looking ahead, the next phase will involve equipping the Cinema City film lab with state-of-the-art restoration equipment, in collaboration with the Egyptian Armed Forces Engineering Authority and under the management of the Cinematic Asset Management Company. Given the scale of the project, restoration work will be split between the Heritage Restoration Center at Media Production City and the company's own lab to ensure efficiency and timely delivery. Furthermore, the Holding Company is considering organising a dedicated festival for restored films, featuring public screenings of rare works in their newly digitised formats at specially equipped theatres, complemented by discussions and seminars with critics, writers, and artists connected to these films. The goal is to create an interactive cultural experience that deepens public appreciation for these classics and highlights their enduring place in Egyptian cinematic history.
Daily News Egypt
a day ago
- Daily News Egypt
NBE signs $50m agreement with Arab Fund to boost MSME financing
The National Bank of Egypt (NBE) has signed a $50m financing agreement with the Arab Fund for Economic and Social Development, marking the Fund's first partnership with Egypt's private sector. The agreement aims to support micro, small and medium enterprises (MSMEs) and enhance the NBE's ability to finance entrepreneurs and business owners, with a particular focus on fostering sustainable economic growth, job creation, and financial inclusion—especially in underserved areas. The agreement was signed by Mohamed El-Etreby, CEO of the National Bank of Egypt, and Bader Al-Saad, Director General and Chairperson of the Arab Fund. The financing—equivalent to approximately EGP 2.5bn—comes alongside an additional funding package of up to $400m arranged by the European Bank for Reconstruction and Development (EBRD), reflecting the international community's confidence in the National Bank of Egypt's developmental role. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, stated that from 2020 to mid-2025, the ministry has successfully secured over $15.6bn in concessional development finance for Egypt's private sector, through partnerships with regional and international financial institutions. This, she explained, reflects a clear national vision to empower the private sector as a cornerstone of sustainable development by broadening access to concessional finance and deepening cooperation with development finance institutions. She added that the new partnership with the Arab Fund signals a strategic move to channel greater development financing towards the private sector, in support of national priorities including job creation and women's economic empowerment. El-Etreby said the partnership marks a strategic milestone in the bank's efforts to support the Egyptian economy, bolstering the NBE's capacity to finance MSMEs and empower entrepreneurs in line with the Central Bank of Egypt's objectives and Egypt's Vision 2030 for sustainable development. He noted that the bank looks forward to expanding cooperation with Arab and international financial institutions to promote inclusive and sustainable development. The new funds will be channelled into projects across both urban and rural areas through the bank's nationwide network of nearly 700 branches and supported by a diverse package of programmes aimed at strengthening high value-added productive sectors that advance economic diversification. Bader Al-Saad highlighted that the agreement represents a new direction in the Arab Fund's strategy, marking an institutional pivot towards private sector financing after decades of focusing solely on the public sector. This shift, he explained, is designed to maximise development impact and deepen partnerships with local institutions capable of effectively deploying funds towards clear developmental objectives. He emphasised that the private sector is a critical engine of economic growth and job creation, particularly in large and promising economies such as Egypt's. This agreement with the National Bank of Egypt—one of the country's most trusted and widely represented banking institutions—underscores the Arab Fund's commitment to inclusive growth, women's empowerment, and expanding access to finance for small businesses.
