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Money
Turkey Issues New Rules For Lira Reserves Held In Foreign Currency
Turkey’s central bank said banks must hold at least 50 percent of the foreign currency they deposit as reserves for…
Allianz Q2 Profit Rises Beating Estimates
Allianz SE (ALV), Europe’s biggest insurer, said second-quarter profit climbed more than analysts estimated after…
Insurers Overcame Economic Recession In FY 2011/2012
Achieving growth rates in the last fiscal year was difficult for insurance companies to achieve in Egypt amid the…
KIMA To Sign US$ 445 Mln Loan Contract By End-August
Arrangers of the US$ 445 million loan for the Egyptian Chemical Industries Company (KIMA) have finalized all the…
Banque Du Caire Achieves EGP201 Mln Post-Tax Profit In Q1: Chairman
Mounir El-Zahed, chairman of Banque Du Caire, has affirmed what Amwal Al Ghad published about the bank’s financial…
NBD Posts EGP 179.4 Mln Net Loss In H1 2012
The National Bank for Development’s (NBD) consolidated results posted a post-tax net loss of EGP 179.427 million in…
Egyptian Takaful Life Insures Smart Village Employees With EGP 4 Mln
The Egyptian Takaful Co. – Life signed a one-year contract to insure the employees of the Smart Village. The…
AIB’s Individual Loans Hit EGP 100 Mln In H1 2012
The Arab Investment Bank’s (AIB) individual loans registered EGP 100 million at the end of the first half of 2012.…
Insurer RSA’s Profit Down On Floods, Quakes
RSA, Britain's biggest commercial insurer, said its first-half profit fell by almost a quarter after heavy flooding…
Life Insurance Helps Italy’s Generali Beat Forecasts
Generali's net profit beat expectations on the back of a strong performance by its key life insurance division even…