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Banks
NBAD Appoints Regional Manager in Kuwait
Abu Dhabi/Kuwait City (May 13, 2013) – The National Bank of Abu Dhabi (NBAD) has appointed May Al Mudhafas NBAD’s…
CBE Offers US$ 40 Mln At The Week’s 1st FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Monday at its 56th FX auction and the…
IDWBE Receives EGP 8 Mln In Cash From Defaulters In Q1
The Industrial Development and Workers Bank of Egypt has received EGP 8 million in cash from faltering customers in…
U.S. Probes Barclays Over Ties To Saudi Prince
Barclays and a Saudi prince are at the center of a U.S. Department of Justice probe into whether the U.K. bank made…
Export Development Bank’s Net Profit Hit EGP 107.7 Mln At End-Q1 2013
The Export Development Bank of Egypt’s (EDBE) unconsolidated net profit rose 52.3% (EGP 36.9 million) to reach EGP…
Egypt Receives $3 Bln Qatari deposit At 3.5%: Official
Egypt received a $3 billion deposit from Qatar on Thursday, a central bank official said on Sunday, shoring up…
Egypt’s Economic Reform Plan Requires Upper House Approval
The Egyptian government will not amend the economic reform plan submitted to the International Monetary Fund (IMF),…
Visa Inc. Reports Fiscal Second Quarter 2013 Net Income of $1.3 billion or $1.92 per…
Visa Inc. (NYSE: V) today announced financial results for the Company's fiscal second quarter 2013 ended March 31,…
Net Income of Al Baraka Banking Group Jumped by 15% to US$66 Million
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its net income…
IDB’s Agreements With Egypt’s Govt. Valued At US$ 8.1 Bln
Zain Zahran, executive director of Islamic Development Bank, has revealed that the total value of agreements signed…
