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Banks
Audi Bank: Stability Will Boost Egypt’s Economy
Audi Bank cited that Egypt’s real GDP is estimated to have slowed to 1.2% in FY 2011, against 5.1% in FY 2010 as…
Citi Exceeds Stress Test Requirements
Citi yesterday released the following statement on the results of the Comprehensive Capital Analysis and Review by…
El Sebaei: Obligatory Investment Rules To Boost Real Estate Market
Fathy El Sebaei, Chairman and MD of Housing and Development Bank (HDB), said that trials over illegal lands’…
NBD and ADIB achieve positive indicators in 2011
The National Bank for Development (NBD) in cooperation with Abu Dhabi Islamic Bank (ADIB) announced its 2011…
11 Banks Give EGP 491 Million Loan To West Damietta Plant
National Bank of Egypt will sign an EGP 491 million joint loan contract next week with East Delta Electricity…
Greece’s Alpha Bank calls off merger plans with Eurobank
Alpha Bank (ACBr.AT) has scrapped plans to tie up with rival Eurobank (EFGr.AT) in what would have been Greece's…
NBAD approves distribution of 30% cash dividends and 35% bonus shares
The National Bank of Abu Dhabi's (NBAD) annual general meeting (AGM), held today at the Emirates Palace in Abu…
A.T. Kearney affirms recovery of GCC banks’ profitability
After years of hyper-speed growth, GCC banks then had to pass the test of the economic crisis and now must prepare…
Al Baraka Bank Distributes 15% Dividends
Al Baraka Bank Egypt decided to distribute 15% of its paid-up capital as dividends to shareholders after increasing…
Lawsuit against Zewail, Okdah and Amer postponed to March 21st
Qasr el-Nil Court of Misdemeanors, headed by Ehab Yousry Abu Zaid, postponed the lawsuit raised by a researcher at…