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Banks
Saudi Banks Net SAR9.3bn In Q1
Saudi Arabia's banks netted nearly SR9.3 billion (Dh9.2 billion) in the first quarter of 2013 after achieving their…
CBE Allocates US$ 600 Mln For Basic Goods In Ramadan
The Central Bank of Egypt (CBE) has reached an agreement with the Federation of Egyptian Chambers of Commerce to…
Alex Bank Raises Funds With ATMs In Industrial Areas In Easter Holiday
Alex Bank Intesa Sanpaolo supplies its ATMs with more funds during public holidays and days off especially in…
Abu Dhabi Commercial Bank Buys Back Shares Worth $313 Mln
Abu Dhabi Commercial Bank, the United Arab Emirates' third-largest lender by market value, bought back shares worth…
Banks Supply ATMs With More Funds In Easter Holiday
As banks in Egypt close their doors for four consecutive days from last Friday to Monday on the occasion of Easter…
Bank Audi Contributes US$ 22 Mln To Best African Loan In 2012
Bank Audi Egypt has approved contributing to the US$ 1.250 billion loan arranged for the Egyptian Ethylene and…
Egypt Seeks To Raise Foreign Reserves To US$22 Bln By June, 2014
The Egyptian government plans to increase foreign reserves to US$ 22 billion by the end of the next fiscal year.…
EGB, Bank Audi Join Consortium Funding MAF Holding
The Egyptian Gulf Bank (EGB) and Bank Audi Egypt have approved to seize EGP 320 million of the shares of the…
Islamic Banking Hit EGP 102 Bln In Egypt At End-Jan. 2013
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, stated that the volume of Islamic banking in…
Industrial Development Bank Cooperates With NBE To Finance 45,000 Bakeries
The Industrial Development and Workers Bank of Egypt plans to cooperate with the National Bank of Egypt (NBE) in…
