Browsing Category
Banks
CEO Of Socgen’s Russia Unit Detained: Interior Ministry
The chief executive of French bank Societe Generale's Russian unit, Rosbank, has been detained on suspicion of…
CBE Offers US$ 40 Mln At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its second FX auction…
Crédit Agricole Egypt Reports EGP 161.7 Mln Net Profit At End-Q1
Crédit Agricole Egypt’s unconsolidated net profit rose 28% (EGP 35.4 million) to reach EGP 161.7 million at the end…
Egypt’s Central Bank Accepts EGP 12 Bln At Deposit Auction
The Central Bank of Egypt (CBE) has accepted EGP 12 billion worth of seven-day deposits at a fixed interest rate of…
Libya Bank Lending Paralyzed Amid Interest Ban: Islamic Finance
Ali Gumma finally saved enough money to buy a plot of land near Tripoli and was planning to build a family home…
HSBC Signals 14,000 Jobs Cuts In $3 Billion Savings Plan
HSBC Holdings Plc (HSBA), Europe’s largest bank, will eliminate as many as 14,000 jobs as Chief Executive Officer…
Islamic Funds and Investments Industry Witnesses Rapid Global Expansion
More than 400 key players, regulators and thought leaders in the global Islamic funds and investments industry are…
S&P Cuts Rating On Four Egyptian Banks On Debt Risk
Standard & Poor's cut its rating on four Egyptian banks on Tuesday, saying they held a large amount of…
NBE Denies Taking Legal Action To Prevent Ayoub From Traveling
The National Bank of Egypt (NBE) has no relation with the arrest of Ayoub Adly Ayoub, chairman of Remco for…
CIB Withdraws From Consortium Arranging Loan For National Port Said Steel Co.
The Commercial International Bank (CIB) has decided to withdraw from the consortium, comprised of the National Bank…