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BREAKING NEWS

Bank NXT Launches ‘Private’ Segment to Provide Exclusive Banking and Non-Banking Services for High-Net-Worth Clients

08/21/2025 13:28

Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, has announced the launch of its new Private segment. This new product provides an exclusive package of services for high-net-worth clients with a minimum balance of EGP 20 million or the equivalent in foreign currencies.

Central Bank of Egypt Hosts a High-level Delegation from the Central Bank of Iraq

08/17/2025 13:57

In light of Egypts commitment to strengthening collaboration with fellow Arab states, the Central Bank of Egypt CBE hosted recently a high-level delegation the Central Bank of Iraq CBI, headed by the Deputy Governor. The visit aimed to exchange expertise across various areas related to central banking operations.

UBS to pay $300 million to resolve US mortgage securities cases

08/04/2025 12:50

UBS UBSG.S, opens new tab on Monday said it will pay 300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States.

Emirates NBD Egypt H1 Ffinancial Rresults Aachieving Net profit EGP 3bn

08/04/2025 10:02

Emirates NBD Egypt, one of the largest banks operating in the Egyptian banking sector, announced a significant growth in its financial results ending June 2025, the banks net profit increased by 20 % achieving EGP 3 bn, compared to EGP 2.5 bn2.5 bn during the counter period in 2024.

Egypt’s MIDBANK completes core banking modernization with Temenos

08/03/2025 12:38

Temenos SIX: TEMN, a global leader in banking technology, today announced that MIDBANK has successfully gone live with Temenos, completing a full replacement of its legacy systems with Temenos core banking suite. This strategic transformation is part of MIDBANKs broader initiative to modernize its operations and deliver next-generation banking services to customers across Egypt

QNB Egypt Financial Results Support Group's Strong Financial Position in the Region

07/30/2025 09:25

The financial results achieved by QNB Egypt, a subsidiary of QNB Group, the largest financial institution in the Middle East and Africa, during the first six months ending 30 June 2025, demonstrate the Groups strong financial position and the success of its strategy, supporting the sustainable growth its business in the region.

QNB named Strongest Arab Bank in 2025 by the Union of Arab Banks

07/28/2025 13:30

In a new achievement that highlights its banking leadership in the region, QNB, the largest financial institution in the Middle East and Africa, was awarded the Strongest Arab Bank for 2025 by the Union of Arab Banks UAB.

CIB REPORTS SECOND-QUARTER 2025 CONSOLIDATED REVENUE OF EGP 27.8 BILLION AND NET INCOME OF EGP 16.7 BILLION

07/22/2025 00:37

Commercial International Bank EGX: COMI today reported second-quarter 2025 consolidated net income of EGP 16.7 billion, or EGP 4.88 per share, up by 7% second-quarter 2024.

CIB Egypt Wins “Best Bank in Egypt for 2025” Award from Euromoney

07/19/2025 12:56

In a new milestone that reflects its leadership in the banking sector, Commercial International Bank CIB Egypt has been named the Best Bank in Egypt for 2025 by Euromoney as part of its prestigious Global Awards for Excellenceone of the most respected accolades in the international financial industry.

QNB Türkiye celebrates creative achievement with Kristal Elma Awards

07/17/2025 13:18

QNB Türkiye is proud to announce that its recent rebranding campaign, Herkes QNBye Geçiyor Everyone is Switching to QNB, has been honored with a Silver Award at the Kristal Elma competition, Türkiyes leading creative advertising awards.

CAPMAS: Egypt’s Urban Inflation Rate Drops to 14.9% in June 2025

07/09/2025 14:05

Egypts Central Agency for Public Mobilization and Statistics CAPMAS announced a slowdown in the countrys urban inflation rate in June, breaking a three-month streak of consecutive increases. The development comes as the authorities prepare for a key interest rate decision on Thursday.

QNB recognized among Top 1000 Banks worldwide by The Banker

07/03/2025 10:56

QNB Group, the largest financial institution in the Middle East and Africa, has demonstrated its financial strength and leadership by securing a place among the worlds top banks in The Banker magazines Top 1000 Global Bank Rankings 2025.