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Money
Al Mohandes: Insurance Activity Surplus Fell 9% In FY 2011/12
Al Mohandes Insurance Company approved the budget for FY 2011/2012 ended on June 30th 2012. The insurance activity…
Standard Chartered, Regulators In Settlement Talks
Standard Chartered is in talks with multiple law-enforcement officials, including New York's banking regulator, to…
New Barclays Chairman Seeks “Polymath” As CEO-Report
The incoming chairman of Barclays David Walker is looking for a "polymath" to fill the bank's vacant CEO post and…
EDBE’s NPLs Hit EGP 820 Mln In H1
The Export Development Bank of Egypt’s (EDBE) portfolio of non-performing loans stood at EGP 820 million, out of…
Electricity Sector’s Borrowings Unshaken By Frequent Power Outages: Bankers
A number of banking experts affirmed that the frequent power outages, that affected negatively most sectors in…
Misr Iran Invests EGP 1 Bln In Govt. Debt Instruments
Misr Iran Development Bank’s investments in government debt instruments (treasury bills and bonds) reached about…
CBD Launches First Dual-Currency Prepaid Card In GCC
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has become the first bank to issue the CBD…
NCB Launches Alahli Mobile Service For Query And Executing Banking Transactions Via Smart…
The National Commercial Bank (NCB) announced today the launch of "Alahli Mobile" Service for account queries and…
Jpmorgan, Citi Units Sued By FDIC Over Colonial Sales
JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) were among the banks sued by the Federal Deposit Insurance…
NCB Pioneers Shariah-Compliant Airport Financing
The National Commercial Bank (NCB) is the Islamic structuring bank of Tibah Consortium for Madinah International…