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Money
Net Profits of Al Baraka Turk Participation Bank Rise by 19% in 2011
Al Baraka Turk Participation Bank, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced…
CBE Offers 4 Bln In Bonds
Central bank of Egypt sold three-year, seven-year and ten-year bonds worth 4 billion Egyptian pounds ($662.4…
Jordan Rejects Liberalizing Auto Insurance Prices
Jordan’s Consumer Protection Society (CPS) refused proposals to remove the cap on the prices of compulsory third…
Oman’s Bank Dhofar Approves 7% Cash Dividends
Bank Dhofar‘s shareholders approved the cash dividend of 7% amounting to OR6.41m and the bonus share issue of…
Shaker Elected As Managing Director of CIS
Ali Shaker, head of insurance department at Faculty of Commerce-Cairo University, was elected as the managing…
Foreign Reserves Drops to $15.1 Bln in March
Net international reserves fell to $15.1 billion at the end of March, the 15th consecutive monthly fall, Central…
EIIB Expands Asset Management At Rasmala
European Islamic Investment Bank plc (EIIB) has announced plans to significantly expand the asset management…
Angela Knight Leaves UK Bank Lobby After Five Years
Angela Knight, chief executive of lobby group the British Bankers' Association (BBA), will step down from her role…
Malaysia’s CIMB Buys RBS Units In Asia
CIMB Group Holdings Bhd, Malaysia's No.2 lender, said on Monday it is paying $140 million for some Asian units of…
European Banks Prepare To Repay LTRO Loans
Europe’s biggest banks are preparing to return a third of the cheap three-year funding they recently borrowed from…