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Money
Ashraf Salman: 90% of Investment Funds are investing in fixed income instruments
Ashraf Salman, CEO of Cairo Holding for Financial Investments, said that there are 70 investment funds in Egypt in…
Faisal Bank sells 14.8% of Al Kholoud For Real Estate Investment
Faisal Islamic Bank sold 524.454 shares of its capital shares of Al Kholoud For Real Estate Investment, which is…
Industrial Development Bank eyes 25% growth in 2012 retail banking portfolio
Industrial Development and Workers Bank aims that retail banking portfolio will achieve a 25% increase this year,…
Ganzouri approves Delta Insurance 99.9% buyout of Delta Life Co.
Prime Minister Kamal El-Ganzouri approved Delta Insurance’s buyout of 99.9% of Delta Life Insurance and sent a…
National Bank signs EGP 200m contract with Social Fund
National Bank of Egypt plans to sign a contract in value to EGP 200m with Social Fund for Development to finance…
StanBank’s Profit Rises 22% After Job Cuts
Standard Bank Group Ltd (SBK)., Africa’s largest lender, said full-year profit rose 22 percent after the company…
AUB achieves EGP 195 million profit
Ahli United Bank Egypt said that profit rose by 19% to EGP 31 million, as it reached EGP 195 million in 2011,…
US may nominate Gates for World Bank
President Barack Obama and his advisers, casting a wide net for potential candidates to lead the World Bank,…
Citibank’s Malinda Dee convicted in fraud case
An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a…
Emirates NBD issues offshore Renminbi ‘CNY’ 750m Fixed Rate Notes
Emirates NBD has successfully completed the inaugural issuance of offshore Renminbi 'CNY' 750 million Fixed Rate…
