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Money
NBAD offers savings certificates in EGP with a 12.75% annual return
National Bank of Abu Dhabi (NBAD) in Egypt offers savings certificates for both Egyptians and foreigners with a…
Bankers: increase in provisions and unemployment rates cause banks’ profits retreat in…
Banks’ results showed a noticeable retreat in profits in the year ended on December 31st 2011, the most prominent…
Concern over Volcker Rule Risks
Bankers at the Institute of International Finance conference in Mexico City expressed worries over new financial…
Lloyds expects 2012 income to be Lower
Lloyds Banking Group warned that income was probably to be lower in 2012 than it was in 2011 and confirmed it…
NBE to launch a new loan product for banks’ employees
National Bank of Egypt (NBE) aims at launching a new loan product for banks’ employees in the upcoming two weeks.…
Swift Ready to Expel Iran’s Central Bank
The financial messaging service for most international money transfers has told U.S. officials it is prepared to…
Fitch downgrades Jordanian banks support ratings to ‘4’
Fitch Ratings has downgraded Jordan-based Bank of Jordan (BOJ), Jordan Islamic Bank (JIB), The Housing Bank for…
El-Ganzouri approves Mohandes Insurance Co.’s buyout of 99.9% of life insurance Co.
By Sherine Taha and Islam Abdel Hameed Dr. Kamal El-Ganzouri approved Mohandes Insurance Company’s buyout of 99.9%…
IFE finishes the translation of political violence insurance policy
By Islam Abdel Hameed Amwal Al Ghad The coordinative committee, consisting of accident and fire insurance…
Bank of America to Speed Expansion in China
Bank of America Corp., the second- biggest U.S. lender, will accelerate expansion in China after doubling…
