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Money
NBE And Al Gelda Negotiation Over Settling US$100 mln debts Stopped
Negotiations between National Bank of Egypt (NBE) and Emad Al-Gelda, former Member of Parliament, were stopped,…
EU Expects G20 To Increase Support To IMF
The European Union expects leaders of the world's 20 biggest economies (G20) to agree to contribute more money to…
NBE’s Employees Protesting Again
Fifty Data updating employees at National Bank of Egypt (NBE) whose contracts were terminated announced that they…
CBE Disapproves Giving More Islamic Banking Licenses
Central Bank of Egypt (CBE) rejected demands from four commercial banks asking to have Islamic banking licenses…
Japan Supports U.S. Nominee For World Bank Presidency
Japanese Finance Minister Jun Azumi said that the country will support Jim Yong Kim, the U.S. nominee for the next…
HSBC: Investor Confidence Plunged As Europe’s Debt Crisis Escalated
According to its latest Investment Quarterly Report, HSBC Global Asset Management believes that going forward…
Qatar’s SEIB Launches Small Business Insurance Solutions
SEIB Insurance and Reinsurance LLC (SEIB) launched its new insurance product, 'Maktabi', targeted at small…
AAIB Disburses 12,000 Yellow Remittances
Arab African International Bank (AAIB) paid out EGP 50 million which is the value of 12,000 yellow remittances,…
BLME Signs Murabaha Financing Agreement with Masthaven
Bank of London and The Middle East ("BLME"), the largest Islamic bank in Europe whose main shareholders are Boubyan…
World Islamic Finance Assets Reach $1.3 Trillion
Global Islamic financial assets rose 150% over five years registering $1.3 trillion in 2011, a report by UK Islamic…