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Money
HSBC Issues Almarai First Sukuk for SR1bn
HSBC announced that it has helped arrange the first ever Sukuk program in Saudi Arabia. The program was set up for…
Visa offers Egyptian cardholders an additional 10% on world’s leading brands
Visa, global payments technology company, recently announced its partnership with Chic Outlet Shopping, Europe’s…
Blom Bank Eyes A 13% Increase In Loans Portfolio
Blom Bank Egypt’s estimated budget shows that it plans to raise deposit and loans portfolio for this year, sources…
Alexbank Offers Microfinance Services In 70 Branches
Alex Bank plans to offer his microfinance services in more branches; to spread over its 70 branches by the end of…
IMF: Global Economy on Recovery Path, but Risks Remain
"The global economy may be on a path to recovery, but there is not a great deal of room for maneuver and no room…
CBE discusses disbursing US$ 408 m yellow remittances
Central Bank of Egypt (CBE) is holding a meeting today with banks participating in disbursing the value of yellow…
Greek banks may not need all of EU/IMF aid
Greek banks hit by the debt swap might not need all the aid allocated by the EU and IMF to help them weather the…
CBE stirs debates over guaranteeing loans to SMEs
Central Bank of Egypt (CBE) is currently studying establishing an institute that will guarantee the loans offered…
SWIFT expels Iranian banks
The world's biggest electronic payment system SWIFT, which facilitates the bulk of global cross-border payments,…
Palestinians may face cuts without more aid, IMF warns
The International Monetary Fund on Saturday urged donors to meet their aid pledges to the Palestinian Authority,…
