ADCB leads pack with 35% market share
In a dynamic banking landscape, smaller banks continue to outpace their larger counterparts in growth. Abu Dhabi Commercial Bank (ADCB) leads the pack with a remarkable 35% market share, driven…
ADIB Egypt among five fastest-growing banks listed on EGX: CEO
27.21% growth in total assets during 9M 2023
Digital services, customer satisfaction put CIB in the lead
Digital services have become indispensable in the banking sector, significantly influencing customer satisfaction levels. Reliability, comprehensive service offerings, extensive branch networks, and seamless digital channels are key factors driving customer…
Faisal Islamic Bank leads tier-1 capital adequacy index at 27.5%
The capital adequacy ratio of the Egyptian banking sector decreased in 2022 due to the inflation of risk-weighted assets caused by the increase in the exchange rate of the dollar.…
AIB tops loan growth among banks, driven by institutional financing
NBE ranks second despite its huge portfolio, thanks to loans to major institutions
Sudan crisis: Army, RSF clash in Khartoum as violence escalates in Darfur
The Sudanese capital Khartoum has been witnessing ongoing clashes between the army and the Rapid Support Forces (RSF) since mid-April, as the conflict enters its eighth month. Eyewitnesses reported hearing…
Egypt’s outstanding balances of T-bills, T-bonds reach EGP 4.961trn by September end
Amount includes EGP 2.605trn in treasury bills and EGP 2.355trn in bonds, says Ministry of Finance
IATF 2023: Afreximbank earmarks $1bn to support African Collaborative Transit Guarantee Scheme
Scheme accelerate cross-border trade in Africa and save continent about $300m annually in transit costs, says bank’s president
Egypt, Norway call for ceasefire, aid in Gaza
Egypt’s President Abdel Fattah Al-Sisi and Norway’s Prime Minister Jonas Jahre Storr discussed the situation in Gaza and the need for a ceasefire in a phone call on Sunday. According…
Israel’s month-long assault on Gaza leaves thousands dead, hospitals paralysed
The Israeli military has been bombing the Gaza Strip for more than a month, targeting hospitals, schools, mosques, churches, and residential buildings. According to the Gaza Health Ministry, more than…