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Money
NBE to sign EGP 50 m franchise contract with Social Fund
National bank of Egypt (NBE) plans to sign a franchise contract with the Social fund for Development whose value is…
AUB launches EGP 25 m fund by Q2
Ahli United Bank (AUB) launches a new investment fund whose capital is EGP 25 million, by the beginning of the…
Al Baraka Bank Sudan elects Adnan Ahmed Yousif, announces a 14% surge in 2011 net income
Al Baraka Bank Sudan, one of the banking units of Al Baraka Banking Group BSC (ABG), elected Mr. Adnan Ahmed…
NBE raises credit facilities for tourism sector to EGP 150 m
National bank of Egypt (NBE) said that its credit facilities supporting tourism capital will be increased to EGP…
HSBC downsizing banking operations in MidEast
HSBC is scaling down its private banking operations in the Middle East, two sources told Reuters, and HSBC said its…
Barclays appoints Hofer for Africa Offshore
Barclays Wealth has announced today the appointment of Philippe Hofer as Managing Director and Market Head for…
Complaints about UK financial institutions surge
UK Financial Ombudsman body showed on Tuesday that complaints from customers dissatisfied with their financial…
A new Visa Platinum Debit card in Burgan Bank
Burgan Bank, a subsidiary of KIPCO (Kuwait Investment Projects Company), announced the launch of its new Visa…
US: Banks earnings surge in 2011
The Federal Deposit Insurance Corp. said on Tuesday that bank earnings increased by $26.3 billion in the…
Citi Launches Prepaid Visa Cards in Egypt
Citi today announced that its Global Transaction Services business has launched Prepaid Visa Card Services in…