IBAG unveils new identity as ‘Rimmit’, launches strategy and money transfer app
IBAG, a leading international money transfer company, has announced 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 globally. The rebranding coincides
Banque du Caire signs $16.7m financing deal with Kandil Glass to fund Suez expansion
Banque du Caire has signed a new financing agreement with the Kandil Glass Group to support the company’s capital expansion, including the establishment of a new glass production facility in the Ataqa Free Zone in Suez governorate. The financing package
Madbouly orders detailed plan, timeline for listing army-owned companies
Egypt’s Prime Minister Mostafa Madbouly convened a meeting on Monday to review the progress of listing companies affiliated with Egypt’s Armed Forces on the Egyptian Exchange (EGX). This session is part of his ongoing follow-up to ensure the successful listing
Egypt to list 10 public entities by 2025, including 4 military-affiliated firms
Egypt plans to list at least 10 companies on the stock market in 2025, Prime Minister Mostafa Madbouly announced at a press conference on Wednesday. Of these, four companies are affiliated with the military. The government intends to offer both
Banque du Caire grants Kredit EGP 100m to support SMEs
Kredit, a subsidiary of GB Capital, announced on Sunday that it secured EGP 100m in funding from Banque du Caire. This funding aligns with the company’s commitment to supporting the growth of small and medium-sized enterprises (SMEs), which play a
Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients – Dailynewsegypt
As part of a comprehensive strategy and ambitious plan to expand its range of competitive banking products and services, Banque du Caire has announced the launch of the “Tharwa ELECT” tier. This new offering is designed to provide a unique
Banque du Caire reports 129% net profit growth in Q1 2024, reaching EGP 2.4bn – Dailynewsegypt
Banque du Caire achieved remarkable growth in net profits during the first quarter of 2024, recording a substantial increase of approximately 129%. The net profit for Q1 2024 reached EGP 2.4bn, compared to EGP 1bn in the same period of