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Money
EFSA: Insurance Companies Register EGP 4.4bn Capital
The capital volume of insurance companies’, working in Egypt, reached EGP 4.4 billion in the last fiscal year…
EFSA Approves EDB’s “Golden Fund”
Egyptian Financial Supervisory Authority approved Export Development Bank’s “Golden Fund”, whose capital is EGP 50…
Investors Settle LE 66 m Debts with NBE
General Union of Investors Associations set an agreement with Tarek Amer, president of National Bank of Egypt, to…
Bank for Development & Agricultural Credit settles investors’ debts
Bank for Development & Agricultural Credit aims at restructuring the credit policies by settling and decreasing…
NBE ignores Cabinet’s requset to return fired employees
National Bank of Egypt’s president, Tarek Amer, ignored the Cabinet’s three communications requesting to return…
Al Baraka Bank Algeria Achieves 18% Growth in 2011 Net Income
Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it…
National Bank signs a LE 400m contract with Social Fund next April
National bank of Egypt will sign a contract with Social fund for Development in value to EGP 400 million in the…
Cairo Court approves Banque Misr’s selling of “Misr Canada” assets to repay LE 148m debt
Cairo Economic Court “Complaint Department” upheld Banque Misr’s verdict of selling the assets of Misr Canada for…
Swiss Re Corporate Solutions expands Marine insurance footprint in Europe
Swiss Re Corporate Solutions today announced the expansion of its Marine insurance footprint in Continental Europe…
HSBC Sells Insurance Units for $914m
HSBC Holdings Plc (HSBA), Europe’s largest bank by market value, agreed to sell some of its general insurance units…
