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Banks
Egypt Central Bank Allows Temporary Foreign-Currency Facilities
Egypt’s central bank said it’s allowing banks to temporarily provide clients with facilities in foreign currency…
NBK Reports Net Profits Of $1,085m In 2012
National Bank of Kuwait (NBK), the Kuwaiti bank and the highest-rated in the Middle East, reported net profits of…
UAE C.Bank Confirms Won’t Impose Mortgage Caps
The United Arab Emirates central bank has confirmed it will not impose limits on mortgage loans without consulting…
Bank Of Japan Adopts Firm Target Of 2% Inflation
The Bank of Japan on Tuesday announced a major change in its policy stance, adopting a target to achieve a 2%…
Egypt Cancels Sale Of T-Bonds Worth EGP 2 Bln On Monday
The Egyptian Ministry of Finance failed on Monday to sell T-bonds worth EGP 2 billion because banks have demanded…
NBE Allocates EGP 120 Mln For 55 Brick Factories In Behira
The National Bank of Egypt (NBE) allocated EGP 120 million to finance 55 brick factories in Behira City in order to…
Al Baraka Bank Egypt’s Net Profit Hit EGP 135 Mln In 2012
Al Baraka Bank of Egypt’s net profit surged to EGP 135.7 million at the end of 2012, compared to EGP 100.1 million…
Misr Iran Bank Eyes 25% Profit Increase In 2013
Misr Iran Development Bank achieved profit of EGP 300 million before deducting taxes and provisions at the end of…
Exclusive: Alaa Mubarak Has 10 NBE Bank Accounts Worth EGP 120 Mln
Much talk has been raised about the wealth of the Egyptian deposed President Hosni Mubarak’s family before and…
QIB Profits At QAR1.24bn; Assets Rise By 25.6%
Qatar Islamic Bank ( QIB ) has announced a net profit of QR1.24bn for the year 2012. QIB Board of Directors has…