Browsing Category
Money
ABC Posts 19% Profit Growth
Arab Banking Corporation’s (ABC) loan and credit facilities portfolio declined by 6.5% in value to EGP 100 million,…
CBE Reduces Corridor Rate By 0.5% After 3-Year-Fixation
Monetary policy committee at Central Bank of Egypt (CBE) plans to reduce lending and deposit rates “Corridor rate",…
ABG approves distributing US$ 175m as cash dividends and bonus shares
Al Baraka Banking Group B.S.C (ABG) has approved the recommendations of the Board of Directors to pay cash…
S&P affirms negative outlooks for 4 Egyptian banks
Standard & Poor's Ratings Services has affirmed its long- and short-term counterparty credit ratings on…
UAE’s National General Insurance Approves 15% Cash Dividends
UAE's National General Insurance Company's Annual General meeting held on 20 March, 2012 has approved the Board…
Developing Nations To Name Two Candidates For World Bank
Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to…
Oman Urges Insurance Firms To Enhance Capital Base
Oman’s insurance regulator Capital Market Authority (CMA) has urged local insurance firms to strengthen their…
CIB saves EGP 300m For Hyde Park’s Loan
Commercial International Bank (CIB) is currently studying saving from US$ 200 million to US$ 300 million of the…
UAE To Test Bank Execs’ Risk Management Ability
The United Arab Emirates central bank is preparing a test to determine whether senior executives in the country's…
Emirates NBD to launch next-generation mobile payment solution – MoneyMobile
Emirates National Bank of Dubai announced today the launch of the "MoneyMobile," a contactless payment solution…
