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Money
Debate On Foreign Reserves Retreat to US$ 10.4 bln Next June
Egypt’s foreign reserves will decline from US$ 15.7 billion as reported in Last February to US$ 10.4 billion by…
HBTF distributes cash dividends at a rate of 25%
The Housing Bank for Trade and Finance (HBTF) will distribute 25 per cent in cash dividends this year following the…
Barclays Tops FSA’s Most-Complained List
Bank complaints in the U.K. rose 21 percent during the second half of last year, driven by an increase in insurance…
Abu Dhabi Royals hold Talks With Britain Over Acquiring A Third of RBS Shares
Talks to sell a stake in state-owned Royal Bank of Scotland are being held at the level of the Abu Dhabi ruling…
CBE Takes Control Over AIB
Central Bank of Egypt (CBE) announced that Arab International Bank's (AIB) Extraordinary General Assembly approved…
National Bank of Oman Approves 20% Dividend
National Bank of Oman's annual general meeting (AGM) approved the board of directors’ recommendation for a dividend…
IDBE’s SMEs Portfolio Achieves 42% Growth During 6 Months
Industrial Development & Workers Bank of Egypt announced that its SMEs finance portfolio grew by 42.4% or EGP…
BM Studies EGP 210 mln Loan For Orascom Construction
Banque Misr studies participating in the US$ 300 million loan for Orascom Construction Industries with US$ 35…
NBE Finances Microenterprises with EGP 600 mln
National Bank of Egypt allocated EGP 600 million to finance microenterprises through civil society organizations,…
UBE Considers EGP 100 mln Loan For Egyptians Iron Factory
United Bank is currently studying participating with a value of EGP 100 million in the syndicated loan arranged by…