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Money
Blom Bank Increases Its Share in Arope Insurance with 9.5%
Blom Bank increased its shares in Arope Insurance Group with 9.5%; 4.75% in Arope Property Insurance Company and…
Experts: Reducing Interest Rates Is An Urge To Boost Foreign Investment
Money market experts demanded reducing interest rates in Egypt so as to increase foreign investments that will in…
Banque Misr postpones expansion plans in Syria and Sudan
Banque Misr postponed its plans to expand in Syria and Sudan because of the political unrest in Syria as well as…
NBAD Reduces Water Consumption 43%
The National Bank of Abu Dhabi, the Number One Bank in the UAE, has reduced water consumption by 43% in 2011…
UAE’s AMAN Insuarnce Elects New Board of Directors
Dubai Islamic Insurance & Reinsurance Company (AMAN) held its Annual General Meeting on March 21, 2012, at the…
NBE Studies Offering EGP 60m Islamic Finance for SMEs
National Bank of Egypt (NBE) studies offering Islamic credit facilities for 4 customers in SMEs ranging from EGP 50…
HSBC Canada Shuts Consumer Finance Business, Cutting 500 Jobs
The Canadian arm of HSBC Bank will wind down its consumer finance business and lay off about 500 employees after…
Emirates NBD Launches 5-year US$1 bn Bond
Emirates NBD, Dubai's biggest bank, launched a $1 billion five-year bond on Wednesday, joining other Gulf borrowers…
Bank Muscat Allocates RO150m for Islamic Banking Services
Bank Muscat has assigned RO150mn capital for its proposed Meethaq Islamic banking window. The final allocation will…
Amania Advisors promotes Islamic Finance in Egypt
At the 2nd round of International Shariah Investment Convention “ISIC II” held in Cairo, Amania advisors and their…