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Money
Oman’s Bank Sohar’s Net Profit Rises 74%
Bank Sohar said its net profit shot up 74 per cent for the first quarter of 2012 at RO5.3 million, thanks to a…
Qatar Islamic Bank Posts 388 Mln Riyals In Q1 Net Profit
Qatar Islamic Bank (QIB), the Gulf state's second-largest lender by market value, posted a 20.9 percent jump in…
Emirates NBD AM Improves Liquidity On Fixed Income Fund
Emirates NBD Asset Management (Emirates NBD AM), one of the largest asset managers in the region, announced that…
UAE’s ADNIC Approves 35% Dividend For 2011
Abu Dhabi National Insurance Company (ADNIC), one of the insurance companies in the U.A.E., announced that the…
United Bank Settles EGP 5 Bln Loans In Last Three Years
United Bank reduced non-performing loans portfolio from EGP 6.1 billion to less than EGP one billion in the last…
Al Nasharty: Negotiations With NBE & SC Bank Begin Next Week
Tarek Abdel Aziz, legal consultant of Amr Al Nasharty chairman of Sainsbury's Group, said that the negotiations…
NBE’s Retail Banking Portfolio Posts EGP 18.7 Bln Last March
National Bank of Egypt (NBE)’s retail banking portfolio rose by EGP 200 million, registering EGP 18.7 billion at…
Amer: Egyptian Banks Provided US$ 70 Bln Required Funds Since Revolution
Tarek Amer, chairman of Federation of Egyptian Banks, said Banks in Egypt have substituted the government in…
Arab Banking Conference Sets Plans To Face Regional Challenges
The two-day Arab Banking Conference started today under the theme "Challenges of the Arab Economic Security", at…
Egypt Should Approve new budget; IMF
The International Monetary Fund said Tuesday that Egypt's divided politicians needed to agree on a new budget…