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Banks
BKIC records an all-time high profit
Bahrain Kuwait Insurance Co (BKIC) has reported a net profit of BD4.149m ($11m), an all-time high since it was…
SME Business Essentials account launched in Standard Chartered
Standard Chartered announced the launch of its SME Business Essentials account which aims to cater to the various…
UAE Ministry of Finance announces financial circular for 2013 budget
HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, has released financial circular regarding…
NBE and UB negotiates with Social Fund over Islamic finance
Social Fund for Development is currently studying signing a contract with National Bank of Egypt and United Bank…
National Bank for Development registers a EGP 2.6 billion deferred loss in 2011
National Bank for Development’s losses rose to EGP 2.614 billion in 2011, which is higher than the EGP 2 billion…
AUB Fund records 200% of its capital
Ahli United Fund achieved EGP 220 million in public offering wealth, which is the double value of the initial…
Al-Futtaim borrows EGP 2 billion from 5 banks next April
Al-Futtaim Group will borrow EGP 2 billion from 5 banks, the most important of which is the loan-arranger HSBC,…
IPEC signs a USD 850 m syndicated loan
Abu Dhabi's International Petroleum Investment Company has signed an $850 million, three-year syndicated loan with…
NBE opens a new branch in El Tagamu El Khames this month
National Bank of Egypt (NBE) plans to establish a branch in El Tagamu El Khames this month; by this the Bank will…
ICBC: China’s biggest banks increased loans in first two months
New lending at China’s four biggest banks rose by about 20 billion yuan ($3.2 billion) in the first two months…