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Barclays In Talks About Combining Africa Ops With Absa
Barclays is in talks about combining the majority of its African operations with its subsidiary Absa Group, it said…
Japan’s Mega Bank Arranges USD 750 Million Islamic Loan For Saudi Project
Japan's Sumitomo Mitsui Banking Corp. has arranged a syndicated loan of USD 750 million for an airport project in…
Fitch Affirms Qatar Islamic Bank At ‘A’; Outlook Stable
Fitch Ratings has affirmed Qatar Islamic Bank 's ( QIB ) Long-term Issuer Default Rating (IDR) at 'A' with a Stable…
UAE Banks Profit From Europeans’ Retreat
Banks in the UAE are filling the gap left by European institutions pulling back from the country's loan market - a…
India May Introduce Islamic Banking
The government is considering introducing Islamic banking in the country. The Ministry of Finance recently asked…
Jpmorgan Picks Panel For “Whale” Inquiry
JPMorgan Chase & Co (JPM.N) has picked Lee Raymond, ex-chief executive of oil major Exxon Mobil Corp (XOM.N),…
Al Baraka Bank & SFD to Finance Small Enterprises
In a bid to enhance small enterprises, the Social Fund for Development (SFD) and Al Baraka Bank Egypt have signed a…
ABG Egypt and World Bank to Offer Micro-Finance in Egypt
In line with the Bahrain-based Al Baraka Banking Group’s strategy to enhance the role of its subsidiaries in the…
CBE Sells EGP 5.5 Bln T-Bills
The Central Bank of Egypt (CBE) said yields rose at an auction of treasury bills on Thursday, with the government…
High Return On T-Bills Improves Banks’ Profits in H1: Bankers
The financial statements of a number of banks showed a relevant increase in the first half of 2012, marking the…