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Money
French Banks Drops on Tax Concern
French banks tumbled in Paris trading after the election victory of Francois Hollande raised concern that lenders…
Emirates NBD Islamic Unit To Issue $500 Mln Sukuk In 2012
Emirates NBD's Islamic unit plans to issue more than $500 million sukuk this year and expects to merge with Dubai…
Swiss Re obtains USD 400 million in natural catastrophe protection through bonds issued by…
Swiss Re Ltd. secures USD 400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., a…
NSGB Q1 Profit Drops 3.8% On Tax Increase
National Société Générale Bank (NSGB) has reported a dip in profits, missing analysts' estimates after a tax…
Offering EGP 4 Bln Treasury Bills on Saudi’s Announcement about Aid
Ministry of Finance will offer EGP 4 billion ($662 million) of three- and nine-month treasury bills as Saudi Arabia…
Foreign Reserves Increase For The First Time Since 2011
Central Bank of Egypt said foreign reserves rose slightly last month, their first gain since a revolution that…
South Korea Suspends Four Bank
South Korea’s Financial Services Commission said it ordered four mutual savings banks to halt operations for six…
UK Regulator Urges Banks To Treat Customers Better
Britain's financial watchdog warned banks they must start treating customers better by the summer or face…
UAE’s National Bank of Fujairah Arranges AED265 Mln Syndication For Pacific Control…
United Arab Emirates' National Bank of Fujairah (NBF) announced that it has closed an AED265m syndicated loan for…
UAE’s Mashreq Bank Implement EMC Symmetrix VMAX System
Mashreq Bank has consolidated its IT infrastructure onto EMC Symmetrix VMAX, the world's most powerful, trusted and…