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Money
US mortgage settlement nears agreement
Washington: Some of America's biggest banks are said to be close to agreeing a multi-billion dollar settlement with…
Credit Suisse Swings to Surprise Loss
ZURICH: Credit Suisse Group AG Thursday reported an unexpected loss for the fourth quarter as it took a major…
Egypt c.bank accepts repos worth 11.5 bln Eg pounds
CAIRO: Egypt's central bank accepted 11.517 billion Egyptian pounds in seven-day repurchase agreements in the money…
AlexBank launches safe box for clients
CAIRO: AlexBank launched Alex Safe, a safe deposit box service supported by an integrated computer system, to…
Dubai’s debt decision a credit positive step
Dubai: The absence of Dubai government guarantees in support of the Dubai Group restructuring is credit positive…
Dubai SMEs will receive funds from Abu Dhabi bank
Dubai: Abu Dhabi's biggest bank will offer financial facilities of up to $100 million (Dh367.3 million) to Dubai…
Greeks fail to strike deal to take to Brussels
Greek leaders failed early on Thursday to agree on reforms and austerity measures, the price of a bailout to avoid…
IMF loan to Egypt seen as bribe, not bailout
The IMF is giving Egypt a three-billion-dollar bailout, but there are fears it will only line the pockets of former…
European Central Bank bows to reality over Greek bonds
It seems the European Central Bank has bowed to the reality that it could not expect to make a profit on the Greek…
