Egypt economy
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بنوك
QNB Egypt strengthens its footprint in the New Administrative Capital, bringing its network to 239 branches nationwide
QNB Egypt, a subsidiary of QNB Group, a leading financial institution in Africa and the Middle East, has opened its second branch in the New Administrative Capital, reinforcing its presence in one of Egypt’s fastest growing financial and administrative centres. QNB Egypt’s expansion reflects its strategy to grow in high impact locations and improve accessibility to its services. It also…
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تكنولوجيا
IBAG Rebrands to “Rimmit,” Marking 30 Years of Leadership and Launching a New Era of Digital Financial Solutions
IBAG, the leading international money transfer company, announced today the launch of its new brand identity under the name “Rimmit”, marking a strategic evolution in its journey to deliver advanced non-banking financial solutions in Egypt and around the world. This milestone marks the celebration of the company’s 30th anniversary, recognizing three decades of leadership in the remittance sector and reflects…
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تكنولوجيا
Raya Holding Announces FY2025 Financial Results with Revenues of EGP 63.8 Billion, Up 41%
Raya Holding for Financial Investments announced its consolidated financial results for the fiscal year ending December 31, 2025, delivering strong performance that reflects the resilience of its diversified business model and its ability to generate growth across multiple sectors. The Group continues to strengthen its position as one of the leading investment companies in Egypt and the region, supported by…
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مال وأعمال
Tawasoa for Factoring Announces Shareholders’ Approval for Capital Increase to Drive Strategic Growth and Expansion
Tawasoa for Factoring announced that its shareholders approved a capital increase from EGP 75mn to EGP 115mn representing an injection of EGP 40mn following the Ordinary and Extraordinary General Assemblies meetings held on Thursday, February 5th, 2026. The capital increase aligns with the company’s strategy to support expansion, strengthen its financial position, and accelerate growth across its operations. Huussein Sedky,…
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مال وأعمال
EFG Hermes Concludes Advisory on MLF Finance’s First Securitization Issuance Worth EGP 1.139 Billion
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it successfully concluded advisory on the EGP 1.139 billion securitized bond issuance for MLF Finance, marking the company’s first issuance under its new EGP 12 billion securitization program. The bond is backed by a receivables portfolio assigned to…
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مال وأعمال
CI Capital Successfully Concludes Short-Term Notes Issuance for Corplease S.A.E with a total value of EGP 2 Bn
CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful completion of a short-term notes issuance for Corplease Leasing Company S.A.E with a total value of EGP 2 billion. The issuance received a P2 rating from Middle East Ratings and Investor Services (MERIS), and was issued in a single tranche of EGP 2 billion with a 12-month…
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بنوك
Crédit Agricole Egypt: Standalone Financial Results for period ending September 30, 2025
The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the period ending September 30, 2025, at its meeting held on Tuesday, October 28, 2025. Main Highlights Net Profit at EGP 5,131 million, down -15% Year-on-Year (Exceptional FX income* in 1Q24); Customer Deposits reached EGP 107.1 billion, up 27% Year-on-Year; Gross Loans reached EGP 61 billion, up…
