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Money
National Bonds Corporation fund posts 23% growth in 2011
The National Bonds Corporation (NBC), a Sharia-compliant savings scheme, has announced that its Mudaraba Fund…
RBS ends MidEast equity research tie-up with Dubai’s Rasmala
Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, ended an arrangement with Dubai-based…
Effective participation for NBD in Cooperation with ADIB in 360 HR Conference
As part of the National Bank for Development’s (NBD)in cooperation with Abu Dhabi Islamic Bank (ADIB)deep belief in…
BKIC records an all-time high profit
Bahrain Kuwait Insurance Co (BKIC) has reported a net profit of BD4.149m ($11m), an all-time high since it was…
SME Business Essentials account launched in Standard Chartered
Standard Chartered announced the launch of its SME Business Essentials account which aims to cater to the various…
UAE Ministry of Finance announces financial circular for 2013 budget
HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, has released financial circular regarding…
NBE and UB negotiates with Social Fund over Islamic finance
Social Fund for Development is currently studying signing a contract with National Bank of Egypt and United Bank…
National Bank for Development registers a EGP 2.6 billion deferred loss in 2011
National Bank for Development’s losses rose to EGP 2.614 billion in 2011, which is higher than the EGP 2 billion…
AUB Fund records 200% of its capital
Ahli United Fund achieved EGP 220 million in public offering wealth, which is the double value of the initial…
Al-Futtaim borrows EGP 2 billion from 5 banks next April
Al-Futtaim Group will borrow EGP 2 billion from 5 banks, the most important of which is the loan-arranger HSBC,…
