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Banks
Banque Misr Launches Car Murabaha Next Week
Banque Misr has approved the final form of the car murabaha (Islamic finance) to be launched in the next week.…
World Bank Chief Congratulates Morsi
World Bank President Robert Zoellick congratulated Mohamed Morsi and the people of Egypt for electing the country's…
Banque Misr Inaugurates 2 Islamic Branches in Beni Suef
Banque Misr started to implement its expansion plan of Islamic banks by inaugurating an Islamic branch in Sadat…
Banque Misr: EGP 12 Mln For Grand Egyptian Museum
Banque Misr has allocated EGP 12 million to establish a school for children to be named after the bank. The…
EDBE Eyes EGP 170 Mln Net Profit In FY 2012/13
Export Development Bank of Egypt (EDBE) will approve its budget plan for the next fiscal year 2012/2013 in which…
CIB Contributes With US$ 60 Mln in ERC’s Letters of Guarantee
Commercial International Bank (CIB) approved to contribute in financing the issuing of letters of credit and…
Barclays’ Absa Profit Drops Most In Four Years On Bad Debts
Absa Group Ltd. (ASA), the South African bank controlled by Barclays Plc (BARC), dropped the most in almost four…
Angel Merkel Still Resists Euro-Area Debt Sharing
Chancellor Angela Merkel hardened her resistance to euro-area debt sharing to resolve the region’s financial…
Moody’s Cuts Credit Ratings Of 28 Spanish Banks
Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain’s largest lenders, were downgraded by…
UAE’s Personal Loans Rose To Highest Level Since 2008 Financial Crisis
Personal loans sanctioned by banks in the UAE inched up 0.8 per cent in April, reaching the Dh255.9 billion mark,…