Egypt’s Dahab Masr, GuRow close AI deal to enhance gold investment

Egypt’s Dahab Masr for precious metals and GuRow, a financial technology application, are set to cooperate to boost gold investment using artificial intelligence (AI), according to the company’s statement on Tuesday.

The partnership will also help to produce precise data analysis of the gold market movements in order to enhance the chances of safe investment opportunities.

The application facilitates the process for users to invest more easily and track the movements of the gold market, the statement said.

It also intends to diversify the investment portfolio to lower risks and boost profits. It also provides a range of investment opportunities, including other assets like stocks.

Fady Kamel, Dahab Misr CEO, highlighted the importance of the new partnership, saying that the project is a part of his company’s dedication to enhancing Egypt’s economy.

He also mentioned that Dahab Masr hopes to grow its business by offering cutting-edge investment services by utilising AI and contemporary financial technology.

According to Hajar Ghoneim, Executive Assistant to the Board of Directors of Dahab Masr, the company has made a substantial contribution to changing the Egyptian precious metals market from its traditional state to one that is more developed and structured since its founding in 2021.

She further explained that Dahab Masr, through partnerships with different companies, has effectively facilitated the process of investing in gold by utilising the newest technologies and financial technology tools.

This has made gold accessible to different segments of society and has enhanced efforts by the Egyptian leadership to increase financial inclusion rates in Egypt, the statement concluded.