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Banks
Tinawi: Egypt’s Economic Identity is Unclear
Akram Tinawi, chief executive officer and managing director of Arab Banking Corporation-Egypt, stressed on the…
Standard Chartered Targets $100 Mln Gulf PE Deal
British Standard Chartered's (STAN.L) private equity arm expects to close a $100 million private equity deal in the…
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…
UAE Banks Use New Fund Transfer System
UAE banks have fully adopted the UAE Fund Transfer System (UAEFTS) that enables them to conduct all interbank local…
Dubai’s Tamweel Q1 Net Profit Drops 33%
Dubai-based sharia-compliant mortgage lender Tamweel posted a 33% fall in first quarter net profit, hit by…
Fitch Affirms National Bank of Bahrain At ‘BBB’; Outlook Stable
Fitch Ratings has affirmed National Bank of Bahrain's (NBB) Long-term Issuer Default Rating (LT IDR) at 'BBB' and…
KFH Bahrain Receives JP Morgan Quality Award
Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan 'Outstanding Payments Quality Certificate…
Kuwait’s Boubyan Bank Posts KD 2.48 Mln Net Profit For Q1 2012
Kuwaiti lender Boubyan Bank announced that its net profit reached KD 2.48 million, a growth of 17% for the first…
Turkey’s Bank Asya Receives US$325 Mln Islamic loan
Turkish lender Asya Katilim Bankasi (Bank Asya) has secured a $325 million dual-currency syndicated Islamic loan, a…
NBE Receives EGP 6 Bln To Finance SMEs
National bank of Egypt (NBE) received EGP six billion loans from eight international and local bodies to finance…
