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 […]