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Egyptian Central Bank Offers $40 mln at FX Auction Today
Following the Muslims’ feast holidays, the Central Bank of Egypt (CBE) has offered today its first foreign exchange…
CBE: Egypt’s Core Inflation Rate Climbs 1.04% By July-End
Egypt's annual core inflation rate increased to 1.04% by July-end of 2013, up from 0.77% by June-end, the central…
Noor Islamic Bank PostsHalf Year Net Profit Of AED 100m
Noor Islamic Bank (Noor)announced today its half year net profit of AED 100 million, compared with AED 75.5…
S&P Downgrades Bahrain’s Al Baraka Bank to Junk Status
Bahraini lender Al Baraka has been downgraded to junk status by Standard & Poor's, the only credit rating…
SEC Wants J.P. Morgan to Admit Wrongdoing: WSJ
J.P. Morgan Chase & Co. JPM -0.85% could be admitting to wrongful conduct in the bank's "London Whale" debacle…
JPMorgan Nears Settlement With SEC on London Whale Loss
JPMorgan Chase & Co. (JPM) is negotiating final terms of a deal with U.S. securities regulators to end a…
Egypt’s C.Bank Raises $40 mln at FX Auction Ahead of Feast Holidays
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction for this week totaled US$ 40…
BOE Adopts Forward Guidance, Sets Threshold
The Bank of England on Wednesday provided explicit forward guidance on the central bank's future monetary policy,…
Standard Chartered Profits Sag After $1 Billion Hit On Korea Arm
Asia-focused bank Standard Chartered (STAN.L) took a $1 billion hit on the value of its Korean business on Tuesday,…
Egypt Foreign Reserves Rise to $18.8 bln
Egypt's total net of foreign reserves has increased from $14.9 billion in June to reach 18.8 billion by the end of…