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Banks
Dubai Islamic Bank Q1 Net Profit Registers Dhs245 Mln
Dubai Islamic Bank (DIB) announced its financial results for the three months ending March 31, 2012, demonstrating…
Kuwait’s Warba Bank Signs USD 20 Mln Property Finance Deal
Kuwait lender Warba Bank (WB) has concluded a financing deal to purchase a USD-20-mln property and develop it into…
Al-Moussa To Head Kuwait Commercial Bank
Commercial Bank of Kuwait plans to appoint Ali al-Moussa as chairman and managing director.Al-Moussa will resign…
HSBC Finances Mannai Corporation Over Acquiring Damas
HSBC has announced that it acted as a Lead Financier for Mannai Corporation QSC on its successful bid to acquire…
CBE Sells T-bills For EGP 2 Bln
Ministry of Finance said the yield on treasury bills rose and the Central Bank of Egypt sold only EGP 2 billion…
CréditAgricole Egypt distributes the prizes to the winners ofthe competition Series…
Crédit Agricole Egypt held a ceremony to deliver the prizes to the first round of the winners of the competition of…
Ahli United Bank To Launch Alpha Fund In Q3
Ahli United Bank-Egypt delayed launching its second mutual fund “Alpha Fund” to the third quarter of the current…
Shura Council: Government ‘Special Funds’ Worth EGP 47.4 Bln
Central Auditing Organization (CAO) said there are 6361 accounts for government ‘special funds’ that worth EGP 47.4…
Albaraka Turk Opens Branch In Iraq
Albaraka Turk Katilim Bankasi AS (ALBRK), a Turkish Islamic bank, opened a branch in Erbil, northern Iraq and plans…
IMF Urges Saudi Arabia To Give Monetary Regulator More Independence
The International Monetary Fund (IMF) has advised the Saudi government that the country’s Banking Control Law (BCL)…
