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Banks
NBE Updates IT Structure With US$ 400m
Tarek Amer, chairman of National Bank of Egypt, said that the Bank implemented updates to its technological…
NBE Settles Al Nasharty’s debts
National Bank of Egypt to settle the EGP 377 million debts of Amr Al Nasharty, chairman of Sainsbury‘s Group,…
Al Watany Bank’s deposits portfolio posts EGP 580m retreat in 2011
Al Watany Bank of Egypt’s deposits portfolio declined by 4.5% in value to EGP 580 million, registering EGP 12.33…
FGB launches reduced rate credit card for UAE nationals
First Gulf Bank (FGB), UAE lender, is offering new reduced- rate credit card options for Emiratis with decreased…
Banks shares in Ethylene loan reaches $ 1.2 billion
Egyptian Company for Ethylene’s loan arrangers has provided the needed US$ 1.3 billion as the final loan agreement…
BOJ refuses to implement easing monetary policy further
The Bank of Japan held off on easing monetary policy on Tuesday after last month's surprise loosening, but board…
U.S. Fed releases stress test results on Thursday
The Federal Reserve will release on Thursday the results of its latest round of stress tests on 19 large U.S.…
Palestine Growth Capital Fund achieves a US$ 36m first closure
Abraaj Capital, Palestine Investment Fund (PIF), Bank of Palestine (BoP), Cisco and the European Investment Bank…
Oman’s Bank Dhofar plans to open a special centre in Salalah
Bank Dhofar, Omani lender, has announced that it will soon be opening a unique new centre in Salalah which will…
Dubai’s Emirates NBD plans to cut 15% of jobs
Emirates NBD PJSC (EMIRATES), Dubai’s biggest bank, plans to cut as much as 15 percent of its workforce to reduce…