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Money
BM & NBE Markets MAF’s EGP 3 Bln Loan
Banque Misr and National Bank of Egypt (NBE) will start marketing the EGP 3 billion long-term loan, which is…
Saudi Arabia Transfers $1 Bln to Egypt: Faiza Abu el-Naga
Saudi Arabia has transferred $1 billion to Central Bank of Egypt as an eight-year deposit, Planning Minister Faiza…
Spain Nationalizes Bankia To Overcome Crisis
Hoping to put an end to a four-year banking crisis, Spain's government effectively took over Bankia SA (BKIA.MC),…
QNB Talks To Buy Denizbank Stall
Dexia's planned sale of Turkish unit Denizbank to Qatar National Bank and HSBC is not to proceed until after an…
BM & NBE Lend TICO EGP 324 Mln To Build Garages In Tahrir
Banque Misr and National Bank of Egypt (NBE) to finalize agreement to lend El Tahrir For Garage Investment-TICO EGP…
Moody’s Lowers Jafza Outlook To Negative
Moody's Investors Service has changed the outlook for the Corporate Family (CFR) and Probability of Default Rating…
Abu Dhabi Investment Fund Mubadala Spends $5.5bn
The Abu Dhabi government's investment vehicle, Mubadala expects to spend about Dhs20.1bn ($5.47bn) this year, as it…
IMF: Lebanon Needs More Work To Reduce Debts
The International Monetary Fund (IMF) has said Lebanon has not made much-needed efforts to reduce the country's…
Faika El Refaie: 2.5% Gap Between The Needed Investments And The Actual Savings
Faika El Refaie, former sub-governor of Central Bank of Egypt, said there are a funding gap of 2.5% between the…
Lebanon’s Bank BEMO Profit Drops 53%
Lebanese Bank BEMO published its unaudited financial statements early this week, reporting a 53.57 percent…