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Banks
Overbanked Qatar Bulks Up For Infrastructure Boom
Qatari banks are bulking up to play a role in funding the country's massive infrastructure expansion. But in a…
Egypt Pound Weakens To Near 8-Year Low As IMF Talks Resume
The Egyptian pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations…
PBDAC Launched Four New Islamic Banking Units
The Principal Bank for Development and Agricultural Credit launched four new Islamic banking units, which were…
EALB Contributes EGP 150 Mn To Finance For Egyptian Steel Group
The Egyptian Arab Land Bank (EALB) approved contributing to the first Islamic syndicated loan arranged by Banque…
UK’s Barclays Looks To Move On From Libor Scandal
Barclays reports third-quarter results on Wednesday, with new chief executive Antony Jenkins aiming to restore some…
Egypt Central Bank Accepts Repurchase Agreements Worth LE 10 Bln
Egypt's central bank accepted LE10.0 billion ($1.6 bn), slightly lower than the 10.6 billion it had offered, in…
CBE, NBE File Defamation Lawsuits Against Al-Sabah Newspaper
The Central Bank of Egypt (CBE) and the National Bank of Egypt (NBE) have filed libel and defamation lawsuits…
CBE Approves Nominating Arab Contractors Investment’s Representatives At SAIB
The Central Bank of Egypt (CBE) approved to nominate Mohamed Sami Ebrahim and Mohamed Mahmoud El-Khateeb as…
RAM Reaffirms NBAD Strong Ratings
RAM Ratings, the Malaysian premier credit-rating agency, has reaffirmed National Bank of Abu Dhabi PJSC’s (“NBAD”…
Banque Misr’s Car Loan Portfolio Rose To EGP 400 Mln
Banque Misr’s car loan portfolio rose by more than 33% (EGP 100 million), registering EGP 400 million at the end of…