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Banks
HSBC Cuts Audi’s Rating To ‘Neutral’
HSBC Lebanon downgraded its rating on Bank Audi’s stock to “Neutral’ from “Overweight,” but maintained its…
Ex-Citigroup Executive Sentenced To 8 Years For Embezzling US$ 23 Mln
Ex-Citigroup Inc. (C) Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23…
Three Greek Banks Eye Acquiring Crédit Agricole’s Greek Unit
Greece’s three biggest lenders – National Bank of Greece, Alpha Bank and Eurobank EFG have shown interest in buying…
Bank Of England Expands Quantitative Easing Program
The Bank of England will probably expand its so-called quantitative easing program as the debt crisis in Europe…
World Bank Cancels US$ 1.2 Bln Bangladesh Loan On Corruption Allegations
The World Bank has canceled a $1.2 billion loan for construction of a bridge in Bangladesh, saying it has credible…
United Gulf Bank’s FSR Affirmed At ‘BBB’
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Bahrain-based…
EU Approves Aid For Spain, Italy
Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to…
Bahraini Capivest, Elaf Bank, Capital Management House Announced Merge
Three Bahrain-based Islamic investment banks Capivest, Elaf Bank and Capital Management House announced their…
Omani Banking Sector Earnings Rose To US$ 412.81 Mln
Oman’s banking sector continues to maintain strong performance aided by higher credit growth, increasing…
Export Development Bank’s Investments Down To EGP 551.3 Mln
The Export Development Bank of Egypt (EDBE)’s investments in subsidiary and affiliated companies retreated to EGP…