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Money
Bank Audi’s Loan and Credit Facilities Portfolio Posts EGP 7.8 bln In 2011
Bank Audi’s loan and credit facilities portfolio grew by 10.9% or EGP 771.9 million registering EGP 7.882 billion…
Net Operating Income of Al Baraka Bank Egypt Rises by 54% in 2011
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had…
World Bank Launches New Lending Strategy For Turkey
The World Bank on Tuesday launched a new lending strategy for Turkey, providing up to US$4.45 billion over the next…
Lloyd’s of London Loses On 2011 Natural Catastrophes
The insurance market Lloyd's of London has announced a loss for 2011, saying it was its worst year for catastrophe…
UAE’s UNB To Fund SMEs
Dubai Abu Dhabi headquartered Union National Bank (UNB) is instituting a new award targeted at small and mid-sized…
Kuwait’s FH To Sell Unprofitable Assets
Chief Executive Officer of Kuwait Finance House (KFH) Mohammad Al-Omar has unveiled plans to restructure, merge or…
Saudi’s NCBC To Launch 4 Funds This Year
NCB Capital, the investment arm of National Commercial Bank - the Saudi Arabia’s biggest bank by assets - plans to…
Foreign Investors Are Wary of Raising Exchange Rates; Bankers
Banking experts demanded that exchange rate shall be determined by supply and demand factors…
Egypt’s Reserves Exhausted On Political Tensions
The war of words that erupted this week between the ruling military council and the Muslim Brotherhood means an IMF…
AMIG Launches First Micro Insurance Policy
Arab Misr Insurance Group (AMIG) is about to launch the first micro insurance policy for individuals and families…