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Banks
Royal Bank of Canada Accused Of Wash Trading Scheme
Royal Bank of Canada (RBC), one of the country's largest banks, has been accused of "multi-hundred million dollar"…
Argument on Al Nasharty’s Debt Settlement
Bankers have different opinions on the chairman of Sainsubry’s Group Amr Al Nasharty’s settlement deal of EGP 377…
AUB & SAIB Launch E-Tax Payments Service
Ibrahim Sarhan, chairman and managing director of E-Finance Company, told Amwal Al Ghad Ahli United Bank (AUB) and…
Kenya Central bank Pauses Lending Rate At 18%
Kenya's central bank left its key lending rate unchanged at 18 percent on Wednesday, saying inflation was still…
Credit Agricole Egypt Appoints Five New BOD Members
In a recent General Assembly meeting for the bank, Credit Agricole Egypt’s newly-elected Managing Director and…
U.S. Regulator To Penalize JPMorgan Over Lehman Breakdown
The U.S. Commodity Futures Trading Commission is expected to file a civil case against JPMorgan, for actions linked…
Fitch Ratings Raises UAE’s Tamweel To ‘BBB+’ With Stable Outlook
Fitch Ratings upgraded UAE-based Tamweel PJSC's (Tamweel) Long-term Issuer Default Rating (IDR) to 'BBB+' from…
Commercial Bank of Qatar Plans $500m Five-Year Bonds
Commercial Bank of Qatar plans to raise $500 from the sale of five-year dollar denominated bonds. The Gulf…
US$1 Bln Islamic Bank Launched At IDB’s Conference
The Saudi-based Islamic Development Bank (IDB), Saudi lender Dallah Albaraka Group and Qatar have signed an…
Al Nasharty Returns Egypt To Sign Debt Settlement Deal
Amr Al Nasharty, chairman of Sainsbury's Group, returned to Egypt on Tuesday after residing in London for nine…
