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Money
Fitch: Indian Banks Likely Need $50 Bln Under Basel
Indian lenders may have to raise as much as $50 billion to add to their retained earnings to meet Basel III capital…
S&P Affirms Saudi Re’s Rating At BBB+; Stable Outlook
Standard and Poor's has affirmed Saudi Re's financial strength rating at BBB+ with a stable outlook. S&P…
Fayza Aboulnaga: Saudi Arabia To Aid Egypt
Saudi Arabia “will start implementing” a financial aid package to Egypt this month with a $1 billion deposit in the…
U.S. & Japan Debt Levels Are Worrying More Than Euro Zone: IMF
U.S. and Japanese debt levels are as bad or worse than in the euro zone, IMF chief economist Olivier Blanchard…
BNP To Sell Assets For Boosting Firepower
BNP Paribas, France's No.1 listed bank, said on Friday it had almost wrapped up its plan to sell assets and cut…
AAIB Disbursed 80,000 Yellow Remittances
Arab African International Bank (AAIB) disbursed EGP 320 million, the value of 80 thousand yellow remittances out…
SFD Receives EGP 300 mln to finance Micro-Business
Social Fund for Development (SFD) signed EGP 300 million contracts to finance micro-enterprises in commercial,…
NBE’s Credit Facilities To Petroleum Sector Reaches EGP 20 Bln
The National Bank of Egypt (NBE) directly offered loans, participated in syndicated loans and covered letters of…
Experts Set Plans For Life Takaful Insurance Market In Egypt
Insurance experts have different opinions about the local market’s need for more life takaful insurance companies.…
Barclays’ Amal Moussa Wins Shine Recognition Award
Amal Moussa - BBE Head of Legal - was awarded the Barclays Group Shine Recognition Award during the Legal Open…