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Money
IMF Sets No Conditions On Loan To Egypt: Kandil
The Egyptian Prime Minister Hesham Kandil announced that the International Monetary Fund (IMF) has put no…
NBE Allocates EGP 220 Mln For 130 Brick Factories This Month
The National Bank of Egypt (NBE) has allocated EGP 220 million for financing 130 brick factories in Al Saf City in…
AMIS Launches Medical Care Program For Syndicates Next November
The Accountants Company for Management and Integrated Services (AMIS) will launch a medical care program for…
Bank Audi Egypt: Deposits Fell By EGP 720 Mln In H1
Bank Audi Egypt said the value of customers’ deposits declined by EGP 720 million, registering EGP 14.9 billion at…
NBE Received EGP 262 Mln Non-Recoverable Loans In FY 2011/12
The National Bank of Egypt (NBE) succeeded in collecting about EGP one billion of the non-performing loans, of…
Qatar To Set Up National Reinsurance Company, Al Sharq Says
Qatar has initiated an “official plan” to set up a national reinsurance company that would be majority-owned by the…
HSBC, BNP Said To Agree To Profit-Sharing Loan To Drydocks
HSBC Holdings Plc (HSBA) and BNP Paribas SA (BNP) are among banks extending a $1.5 billion so-called profit…
Bankdhofar’s Rating Upgraded
Credit rating agency, Capital Intelligence (CI), brought good news to BankDhofar recently when it affirmed the…
Saudi Banks’ Net Profits Up Strongly In 7 Months
Saudi banks netted more than SR21 billion in the first seven months of 2012 as lending continued to gain momentum…
Banque Du Caire Offers EGP 400 Mln Finance To Sigma Pharmaceuticals
Banque Du Caire wins its bid to provide a finance amounting to EGP 400 million to Sigma Pharmaceutical Group after…