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Money
Gulf International Bank registers 4% net income rise
Bahrain-based Gulf International Bank (GIB) has posted a 4% rise in consolidated net income after tax to $104.5m…
Dubai SME to facilitate SME finance
Dubai SME, the agency of the Government of Dubai Department of Economic Development (DED) mandated with developing…
Global fund of funds managed by Emirates NBD Asset Management demonstrate strong…
Emirates NBD Asset Management, the asset management arm of Emirates NBD, a leading bank in the region, announced…
Business customers less satisfied with ANZ
Satisfaction among ANZ (Australia and New Zealand ) Banking Group's business customers has fallen for the second…
Japan’s Mizuho to cooperate with StanBank
Japan's Mizuho Financial Group will sign an agreement to cooperate with South Africa's Standard Bank in corporate…
Bank of Alexandria to introduce Islamic retail banking products, if CBE approves
By Mohamed Hamdy Bank of Alexandria (Bank Of Intesa Sanpaolo Group) demanded an approval from the Central Bank of…
Industrial Development Bank to install ATMs in all the Bank’s branches
By Mohamed Hamdy Industrial Development and Workers Bank will install ATMs in its 17 branches across Egypt.
China banks’ 2011 profits hit new high, growth slows
Profits of Chinese banks reached a record high of 1.04 trillion yuan ($165.10 billion) in 2011, marking an increase…
China acts to crank up credit as lending, economy slow
China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by…
Social Fund to increase loan portfolio to EGP 5 billion this year
Written by: Ahmed Aly and Mohamed Hamdy The loan portfolio, offered from the Social Fund for Development to finance…