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Banks
Dubai’s Arqaam To Buy Libya Financial Services Firm
Arqaam Capital, a Dubai-based emerging market investment bank, has agreed to buy a financial services firm in Libya…
Arab Banks’ Profit To Hit $38bn By 2012-End
Arab banks are expected to post net profits of $38 billion by end of 2012 financial year, a three per cent increase…
Ahli United Bank Celebrates Paralympic Egyptian Champions of London – 2012
Ahli United Bank – Egypt is playing an important role in supporting the Egyptian economy as well as playing a…
Bank Of Russia Leaves All Rates Unchanged
The Bank of Russia said Friday it is leaving interest rates unchanged despite increased signs of the same…
Al-Futtaim Paid EGP 40 Mln Loan Fees
Al-Futtaim Group, owner of Cairo Festival City project, paid administrative fees of about EGP 40 million during the…
NBE Provides Tourism Company With EGP 120 Mln Credit Facilities
The National Bank of Egypt (NBE) approved to offer credit facilities worth EGP 120 million for a tourism company to…
NBE’s NPLs Fell To EGP 6.2 Bln In Q1
The National Bank of Egypt’s (NBE) portfolio of non-performing loans stood at EGP 6.2 billion at the end of Q1 of…
Banks’ Investments In Securities Up To EGP 557.3 Bln In July
The portfolio of securities held by the Egyptian banking sector witnessed an increase of EGP 1.9 billion, as it…
Saudi Banks’ Credit To Private Sector Steps Up
Saudi commercial banks' credit to private sector remains on accelerating mode as the growth rate touched 14 percent…
HDFC Bank Opens Representative Office In Abu Dhabi
HDFC Bank, the second-largest private sector bank in India, today opened its first Representative Office on Salaam…