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Banks
Citi Fined $2 Mln Over Facebook IPO, Fires Two Analysts
Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to…
ABC Islamic Bank Announces 75% Increase In Third Quarter Profit To US$2.8 Million
ABC Islamic Bank today announced that its net profit for the third quarter was US$2.8 million, 75% higher than…
Egypt T-Bill Yield Inches Up After Weeks Of Decline
Yields on 182-day Egyptian treasury bills edged up at auction on Wednesday, suggesting a decline that shaved almost…
Banque Du Caire: Corporate Credit Facilities Registered EGP 11.6 Bln
Banque Du Caire’s portfolio of corporate credit facilities surged by EGP 200 million (1.8%) in Q1 of FY 2012/2013,…
Export Development Bank Mulls Contributing EGP 250 Mln To Ethylene Loan
The Export Development Bank of Egypt (EDBE) targets to contribute to the US$ 1.250 billion syndicated loan arranged…
NBAD Net Profit Jumps 9% To Dh 1.12b On Higher Revenues
The second biggest lender by assets, National Bank of Abu Dhabi 's profit soared nine per cent year-on-year to…
Saudi Banks’ Net Profits Jump 12.4% In 9 Months
From around SR24 billion in the first nine months of 2011, the aggregate net income of Saudi Arabia's 12 banks…
Sukuk Beats Conventional Bonds
Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of…
HSBC Bank Oman 9-Mth Profit Drops 4.2 Pct On Provisions
HSBC Bank Oman , formed earlier this year by a merger of HSBC's Oman unit and Oman International Bank , posted a…
Banks Provide ATMs With More Funds, Step Security Measures On Eid El-Adha
All banks in Egypt have taken the required precautionary procedures to reduce the expected overcrowding on ATMs on…