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HSBC and Zurich sign 10-year exclusive distribution agreement for MENA
HSBC Middle East has entered a strategic partnership with Zurich and selected them as their exclusive partner for…
Kuwait’s Burgan Bank Q1 Profit Rises 48%
Kuwait’s Burgan Bank said its net profit in the first quarter of this year rose by 48% to KD17.5m, compared with…
EU To Reduce Bankers’ Bonuses
Bankers (SX7P) face a backlash from European Union lawmakers determined to cut their bonuses as part of a quest to…
Allianz Establishes Holding Company
Allianz Insurance - Egypt plans to form a holding company encompassing Allianz Insurance (Life), Allianz Insurance…
IDBE Sells Real Estate Assets With EGP 5 Bln
Industrial Development and Workers Bank of Egypt (IDBE) said real estate assets portfolio that was transferred to…
ERC Concludes Negotiations Over US$ 300 Mln Letters Of Credit Next Week
Egyptian Refining Company (ERC), subsidiary of Citadel Capital Company, will conclude the negotiations by next week…
AlexBank: Personal Loans Portfolio Reaches EGP 6 Bln
Alex Bank Intesa Sanpaolo said the personal loans registered 66% of the total retail banking portfolio that reached…
Qatar’s Masraf Al Rayan Net Profit Jumps 7.8% In Q1
Qatari lender Masraf Al Rayan posted a first quarter net profit of QR353mn, up 7.8% on the same period last year,…
Oman’s AhliBank Reports 47% Increase In Q1 Net Profit
Omani lender Ahlibank S.A.O.G. reported a 47 per cent increase to RO 5.92 million in net profit for the period…
UAE’s Mashreq Bank Q1 Profit Rises 2%
United Arab Emirates’ Mashreq Bank reported a 2 per cent increase in its net profit in the first quarter of 2012 to…