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Money
Experts recommend establishing micro-insurance company
Insurance experts welcomed the idea of establishing a micro-insurance company, noting that this will benefit…
BDAC’s loan portfolio records EGP 19 bn at end of November 2011
Bank for Development and Agricultural Credit’s loan portfolio recorded EGP 19.13 billion, of which agricultural…
GIB signs a 3-year Islamic financing contract with MENAdrill
MENAdrill Investment Company 'MIC', incorporated in Cayman Islands and principally promoted by First Energy Bank…
Capital One Buys HSBC’s U.S. Credit Unit
Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the…
IMF offers €28 bn for Greece bailout
The International Monetary Fund plans to offer a new loan for Greece worth €28 billion (EGP…
Alexbank’s case postponed to May 19
Administrative Court, headed by counsellor Hassouna Tawfik, has delayed today the case claiming that Alexbank sale…
NBAD facilitates salary payment
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, and Saad Exchange have signed an agreement…
On Food Prices’ Increases, Egypt Reports Higher Inflation rates
Egypt’s inflation rate accelerated in February on rising food prices, one of the causes of unrest that toppled…
Mashreq Posts 42% Emiratisation
Mashreq reported 42 per cent of Emirati workforce across the bank, an increase from 2011. The bank’s latest…
Banks’ credit facilities grow EGP 3.4 bn in December
Credit facilities granted by banks in Egypt increased by 3.4 billion, or 0.7%, in December as it reached EGP 489.7…