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Money
Banque Misr Disburses 56,109 Yellow Remittances
Banque Misr disbursed last week EGP 200.5 million the value of 56,109 yellow remittances, money owed by Iraq to…
AlexBank ToIRaise Auto Loans Portfolio With EGP 300 Mln
AlexBank Sao Paulo targets increasing car loans portfolio by EGP 300 million to register EGP 1.5 billion by the end…
NBE Amends Car Loan Conditions
National Bank of Egypt (NBE) is amending the credit conditions of car loan programs this month as it targets…
Qatar National Bank Acquires 49% Of Libya’s BCD
The QNB Group has acquired a 49% stake in the Bank of Commerce and Development (BCD), one of the leading private…
Allianz Resumes Issuing Car Compulsory Insurance Policy Next July
Allianz Insurance Company-Egypt studies resume issuing car compulsory policy in June or July. Udo Krueger, chairman…
NBAD Inaugurates Contact Centre Fully Staffed by UAE Women
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has launcheda contact center in Al Ain,…
Egyptian Takaful Life Insures Wethaq’s Employees
Egyptian Takaful Life signed the insurance policy covering the employees of Wethaq Takaful Insurance Company with…
Spain Banks’ ECB Borrowings Jump To $300 Bln in March
Spanish banks’ borrowings from the European Central Bank jumped by almost 50 percent in March, reaching the most on…
ECB Seen Preferring Bond Buying To Bank Loans
The European Central Bank will restart its controversial government bond purchases rather than offer banks another…
IMF Lends Bangladesh $987Mln To Boost Reserve
The International Monetary Fund has approved a $987m (£620m) loan for Bangladesh to help boost its foreign exchange…