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Money
CBE: Commodities Increase Monthly Inflation Rate By 0.67%
Central Bank of Egypt (CBE) attributed the 0.67% general inflation increase to the increase in food prices…
NBE finances fish and poultry projects
National Bank of Egypt (NBE) plans to offer a new product to finance owners of fish farms and poultry projects by…
EFSA rejects appeal against Cooperative Insurance Society
Egyptian Financial Supervisory Authority (EFSA) rejected the appeals on procedures of candidacy for Egypt’s…
Kuwait’s Burgan Bank launches customer satisfaction poll
Burgan Bank, Kuwaiti lender, announced that it has launched an online customer satisfaction poll in coordination…
Capital One to sell $1.25 billion of shares
Capital One Financial Corp (COF.N) said it would sell $1.25 billion of its common stock to pay for a portion of its…
Arab Bank Invests US$ 82.8 m In African Countries
Arab Bank for Economic Development in Africa (ABEDA) approved injecting new funds to 15 African countries in value…
Hannover Re achieves pleasing income despite major losses in 2011
Hannover Re Group released its 2011 financial results that showed achieving good income although loss expenditure…
CBE: Basel II To Be Applied By 2012 End
Central Bank of Egypt ended with preparing Basel II banking reform program, whose preparation started since 2009…
Audi Bank: Stability Will Boost Egypt’s Economy
Audi Bank cited that Egypt’s real GDP is estimated to have slowed to 1.2% in FY 2011, against 5.1% in FY 2010 as…
Citi Exceeds Stress Test Requirements
Citi yesterday released the following statement on the results of the Comprehensive Capital Analysis and Review by…
