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Money
Jordan’s Housing Bank Distributes 25% as Cash Dividends
The Housing Bank for Trade and Finance (HBTF), Jordanian lender, will distribute 25 per cent in cash dividends this…
HSBC Acquires Lloyds Banking Group Onshore Business In The UAE
Lloyds Banking Group approved to sell its onshore UAE presence to HSBC. This comprises its retail, commercial…
BRICS Eyes A Joint Development Bank
The BRICS group of emerging world powerhouses - Brazil, Russia, India, China and South Africa - is set to outline…
Ramez And Tenawy Replace Shaheen and Al Wakil at FEB
Federation of Egyptian Banks (FEB) announced that Hisham Ramez, deputy chairman of Commercial International bank…
Amer: Banks’ Federation Protected Egypt
Tarek Amer, chairman of Federation of Egyptian Banks, said that the continuous cooperation with banks in Egypt has…
Banque Misr Paid 18,000 Remittances In Four Days
EGP 70.5 million were the total disbursement by Banque Misr in the last four days, which is the value of about…
Delta Insures Ports And Dry Land’s Workers
Delta Life Insurance signed the insurance policy covering the workers at General Authority For Ports & Dry…
USD 370 billion; Last Year’s Highest Economic Losses in History
The insurance industry weathered 2011 soundly despite experiencing the second-largest insured losses ever, at USD…
IIFM launches Standard Template for Islamic Profit Rate Swap
Global standard-setting bodies have launched a standard contract template for Islamic profit rate swaps (PRS), in a…
Dubai Islamic Bank Repays $750mln Bonds
Dubai Islamic Bank has announced the repayment of a $750 million, five-year Islamic bond which matured on March 22…