The growth was supported by improved performance across retail, treasury, corporate credit, and SME segments. Arab Finance: Banque du Caire recorded a 45% year-on-year (YoY) increase in net profits after tax for the first quarter (Q1) of 2025, reaching EGP 3.4 billion, up from EGP 2.4 billion, as per an emailed statement. The growth was supported […]
Cairo – As part of the celebrations of Arab Day for Financial Inclusion, observed from April 1 to April 30, Al Baraka Bank Egypt has signed a Memorandum of Understanding with Delta University for Science and Technology in Dakahlia Governorate. This step reflects the Bank’s commitment to supporting financial inclusion efforts and empowering youth. The partnership […]
March 25, 2025 Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariha Compliance Islamic Suite (Consumer & Commercial) for Banking / […]
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions to the region, reinforcing […]
Kuwait Finance House (KFH) Group has announced the official rebranding of Ahli United Bank – Egypt to Kuwait Finance House Bank – KFH Egypt, following its full acquisition of Ahli United Bank Group – Bahrain, as per an emailed press release. The bank has now fully transitioned to operating under Islamic banking principles as part […]
Cairo, Egypt – Al Baraka Bank Egypt serves as a leading example in the Egyptian banking sector, being one of the most prominent financial institutions in the Islamic banking sector for over 40 years. In 2024, the bank achieved several significant milestones while continuing to provide innovative Sharia-compliant banking services, while playing a crucial role in digital […]
Cairo, Egypt, November 24, 2024 – The International Finance Corporation (IFC) has announced a $150 million financing package for the Commercial International Bank (CIB), Egypt’s leading private sector bank. This strategic move aims to enhance CIB’s capital base, empowering it to extend greater support to micro, small, and medium-sized enterprises (MSMEs), including women-owned businesses, across […]
In a significant move to strengthen its partnership base and support vital economic sectors, Suez Canal Bank has signed a credit facilities contract worth EGP 1.2 billion with Madkour Projects Company. This collaboration aims to provide innovative and flexible financing solutions to various institutions, enabling them to expand their operations and achieve strategic objectives. Signing […]