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Banks
NBE Receives EGP 250 Mln From Loan Defaulters In Six Months
The National Bank of Egypt (NBE) has received EGP 250 million in cash after signing debt settlement agreements with…
Saudi Arabia Starts Fight Against Oil Smuggling
Saudi Arabia started a fight against oil smuggling to outside the country, local Al Hayat newspaper reported on…
CBE Offers US$ 75 Mln To Local Banks On Sunday FX Auction
The Central Bank of Egypt (CBE) offers US$ 75 million to local banks on Sunday at its 12th FX auction, with a…
NBO Launches Muzn Islamic Banking Operations
National Bank of Oman (NBO) opened its Muzn Pure Islamic banking branch to customers on Wednesday. The bank in a…
Ahlibank Set To Launch Islamic Banking Services
Ahlibank is set to launch it's Islamic Banking services window across Oman under the Al Hilal Islamic Banking…
Islamic Banking To Witness Robust Growth This Year
Islamic banking services in the Sultanate will witness robust growth during 2013, says Ahmed al Musalmi, Deputy…
Bank Sohar Unveils Hi-Speed Banknote Processing System
Bank Sohar , under the auspices of Munira bint Abdulnabi Macki, DGM (Human Resource & Corporate Support), has…
CBE Conducts Three FX Auctions For Another Week
The Central Bank of Egypt (CBE) plans to conduct three FX auctions this week for the second consecutive time;…
Industrial Development Bank Achieves Unprecedented Growth Rates In 2012
The Industrial Development and Workers Bank of Egypt succeeded in achieving the bank’s strategy with unprecedented…
Moody’s Places Egypt’s B2 Government Bond Rating On Review For Possible…
Moody's Investors Service has today placed Egypt's B2 government bond ratings on review for possible downgrade.…