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S&P Reaffirms Albaraka Turk Participation Bank’s Credit Rating
Standard &Poors (S&P) reaffirmed Al Baraka Turk Participation Bank’s long term counterparty credit rating…
EDBE’s Real Estate Assets Portfolio Hits EGP 1 Bln
The Export Development Bank of Egypt’s (EDBE) real estate assets portfolio, that was acquired by the bank after…
EFSA Withdraws Life Insurance License From Al Mohandes
Al Mohandes Insurance Company will not be authorized to conduct life insurance business as the Egyptian Financial…
Exclusive: Banks’ Contributions To Suez Power Plant Loan
The banks, arranging the long-term syndicated loan for the East Delta Electricity Production Company (EDEPC), have…
Al Baraka Increases SME Finances By EGP500 Mln In FY 2012/13
Al Baraka Islamic Bank - Egypt will inject EGP 500 million into the SME finance portfolio, raising it to EGP 1.5…
Standard Life Profit Up On UK Growth, Cost Cuts
British insurer Standard Life on Tuesday said its half-year profit rose by a forecast-beating 15 percent thanks to…
Egypt Signs US$200 Mln Financing Agreement With World Bank
Egypt will sign a financing agreement amounting to US$ 200 million with the World Bank. Ashraf Al Araby, Minister…
HSBC’s Poon Transferred To Hang Seng China Unit As Deputy Chief
HSBC Holdings Plc (HSBA)’s Thomas Poon has been transferred to unit Hang Seng Bank Ltd. (11)’s China subsidiary as…
Standard Chartered CEO In New York, May Attend Hearing
Standard Chartered Plc Chief Executive Officer Peter Sands is in New York and prepared to attend a hearing this…
Venture Capital Bank Reports Net Profit Of $13mfor First Half 2012
Bahrain-based regional Islamic investment bank, Venture Capital Bank (VCBank), reported a second consecutive…