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Money
Thomas Storrs, Who Set Stage for Bank of America, Dies at 93
Thomas Storrs, whose determination to expand North Carolina National Bank beyond state borders laid the foundation…
Project Merlin: Bank net lending fell in 2011
Figures from the Bank of England under the Project Merlin deal showed that total net lending from the five main UK…
Greek bailout crisis: EU welcomes austerity vote
The European Commission has welcomed the Greek parliament's decision to approve tough new austerity measures.
Mashreq lends $80m to Gulf Air
Dubai: Mashreq Bahrain and Bahrain's national carrier Gulf Air announced on Sunday the signing of a financial…
Apicorp raises billions in Sharia-compliant syndicated financing
Dubai: Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank of the ten member…
Shuaa Capital plans more job cuts
Dubai: Shuaa Capital said on Monday it planned to cut a further 55 jobs in the first half of 2012 after…
China tells banks to roll over loans
China has instructed its banks to embark on a mammoth roll-over of loans to local governments, delaying the…
National Australia Bank raises mortgage rates by 0.09 pct
National Australia Bank, the country's top lender, increased variable mortgage rates by 0.09 percent on Monday,…
Pressures of WB on Egypt
Amwal Alghad Economic experts assured that Egypt is in a weak position in the negotiations over the US$ one billion…
AUB to file public offering in the EGP 100 m wealth fund tomorrow
Ahly United Bank (AUB) started public offering of the “wealth mutual fund” in the fixed-income instruments for the…
