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BREAKING NEWS

Emirates NBD Group strengthens regional partnership with El Sewedy Electric group by extending EGP 20 billion

10/27/2025 15:17

Emirates NBD Group, the leading banking group in the Middle East, North Africa, and Türkiye MENAT, announced the signing of a credit facility agreement with Elsewedy Electric Group worth over EGP 20 billion. The facility aims to support the Groups expansion plans across Egypt, the Kingdom of Saudi Arabia, and the United Arab Emirates, reaffirming Emirates NBDs commitment to supporting major industrial projects, particularly in the energy and infrastructure sectors, which are considered key pillars of regional economic development.

QNB’s Operations Control – Policies & Procedures Department Achieves ISO 9001:2015 Certification

10/26/2025 12:26

QNB, the largest financial institution in the Middle East and Africa, is proud to announce that its Policies and Procedures Department within the Operations Control Division has been officially awarded the ISO 9001:2015 certification for Quality Management Systems.

Central Bank of Egypt: Steering Stability, Innovation, and Investor Confidence

10/19/2025 13:53

Over the past two years, Egypts economy has navigated a period of profound global and domestic challenges. In an exclusive discussion with Global Finance, Hassan Abdalla, Governor of the Central Bank of Egypt CBE, outlines how the Bank has responded to external shocks, stabilized the macroeconomic environment, and positioned the financial system for sustainable growth and innovation.

Hisham Ezz Al-Arab: Monetary policy stability in Egypt ends the “era of surprises” … and CIB prepares to launch an independent digital bank

10/14/2025 12:15

Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, stated that the period 2015 to the end of 2022 witnessed what he described as intense volatility, noting that this phase was marked by frequent surprises in monetary policy and exchange rate management.

Hisham Ezz Al-Arab: The Central Bank has succeeded in stabilizing monetary policy and ending the era of surprises

10/14/2025 12:12

Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, stated that the period 2015 to the end of 2022 witnessed what he described as intense volatility, or what is known economically as volatility, noting that this phase was marked by frequent surprises in monetary policy and exchange rate management.

Hisham Ezz Al-Arab: Non-performing loan coverage ratio reaches 340%, reflecting the financial strength of CIB

10/14/2025 12:09

Hisham Ezz Al-Arab, Chief Executive Officer of the Commercial International Bank Egypt CIB, revealed that the bank achieved a non-performing loan NPL coverage ratio of 340% by the end of last year a figure he described as exceptionally high compared to the regional banking average, which ranges between 90% and 130%.

Suez Canal Bank and oliv sign an EGP 30 million Credit Facility to Fuel SME Growth in Egypt

10/13/2025 16:37

Suez Canal Bank and oliv announce the signing of an agreement for an EGP 30 million credit facility, dedicated to finance Egyptian small and medium-sized enterprises SMEs.

FABMISR Signs Strategic Partnership with noon payments

10/12/2025 12:06

First Abu Dhabi Bank Misr FABMISR, one of the largest banks operating in Egypt, has announced a strategic partnership with noon payments, a subsidiary of noon, following the receipt of Central Bank of Egypt CBE approval for noon payments as a payment service provider PSP.

NBK Egypt Launches world class Concierge App Powered by Peacock Concierge

10/08/2025 09:41

National Bank of Kuwait Egypt NBK Egypt, a leading bank in Egypt & the region has officially launched its new Concierge mobile application, designed exclusively for NBK Egypt customers, and powered by Peacock Concierge, a regional leader in lifestyle management solutions.

Banque du Caire and Taly Announce a New Strategic Partnership to Develop the Digital Payments Ecosystem

10/01/2025 13:31

As part of its ongoing efforts to strengthen the digital payments ecosystem, Banque du Caire announced the signing of a new strategic partnership agreement with Taly, the leading digital payments enabler in Egypt, building on a successful collaboration that began two years ago.

MIDBANK Launches “Spend & Win” Campaign in Partnership with Visa for a Chance to Attend the TotalEnergies CAF Africa Cup of Nations, Morocco 2025, Courtesy of Visa

09/30/2025 14:05

MIDBANK has announced the launch of a new promotional campaign titled Spend & Win, in collaboration with Visa, a global leader in payments technology, coinciding with the upcoming TotalEnergies CAF Africa Cup of Nations, Morocco 2025, set to take place in Morocco later this year.