Browsing Category
Money
NBE Awaits Bankruptcy Verdict Against Al Nasharty To Settle Debt
The National Bank of Egypt (NBE) awaits a bankruptcy verdict against the businessman Amr Al Nasharty, the owner of…
BNP To Seek Initial Bids For Egyptian Retail Arm Sale
BNP Paribas (BNPP.PA) will seek preliminary bids for its Egyptian retail banking business in the next two weeks,…
Saudi Bank Lending At Fastest Pace
Saudi banks will cut their bad loan ratio to the lowest since the region’s biggest corporate default three years…
CBB Sukuk Al-Ijara Fully Subscribed
The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk…
Bank Sohar Hikes Authorised Capital To RO 200 Million
At the Extraordinary General Meeting (EGM) convened at the Qurum Learning Centre on Monday, Bank Sohar’s…
Standard Chartered Reaches $340 Million Settlement Over Iran
Standard Chartered Plc agreed to pay $340 million to New York's bank regulator over transactions linked to Iran, in…
Egypt’s CIB Says Q2 Net Income Grows 18 Pct
Egypt's Commercial International Bank (CIB) (COMI.CA) reported an 18 percent increase in second-quarter net income…
SFD Negotiates 5 International Financial Bodies Over US$350 Mln Loan
The Social Fund for Development (SFD) is currently conducting negotiations with five international financial bodies…
AWB’s Net Profit Hits EGP 161.4 Mln In H1
Al Watany Bank of Egypt (AWB) achieved net profit of EGP 161.4 million at the end of the first half of 2012, up…
Visa Survey Says 46 Per Cent Of Egyptians Receive No Financial Education
Half of those asked (51 per cent) believed that financial education should be taught as a requirement in both high…