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Money
Saudi Mortgage Law To Boost Takaful Industry
The Saudi insurance market is projected to grow by 15 percent per annum in total volume of gross premiums written…
NBE Targets Settling EGP 600 Mln Bad Debts In FY 2012/13
The National Bank of Egypt (NBE) targets to settle bad debts of EGP 600 million in FY 2012/2013 in order reduce its…
NBE Allocates EGP 200 Mln To Finance Workshops Moving To El Robeky
The National Bank of Egypt (NBE) considers financing the final stage of moving leather tanning and dyeing workshops…
Creditors Fail To Reach Agreement On Settling Siag’s EGP 700 Mln Debt
The Arab African International Bank (AAIB), Egyptian Arab Land Bank (EALB), Ahli United Bank and Industrial…
Misr Insurance Eyes 10% Growth In Supplemental Car Insurance Premiums In FY 2012/2013
Misr Insurance Company targets 10% growth rate which means posting EGP 720 million in the volume of supplemental…
Rake Rules Himself Out Of Barclays’ Chairman Job
Michael Rake has ruled himself out of the running for the chairmanship of Barclays Plc (BARC.L), a role he had been…
Banque Du Caire, SAIB Acquire EDBE’s Share In Al Hokair Loan
Banque Du Caire and Société Arabe Internationale de Banque (SAIB) approved to purchase the Export Development Bank…
Banque Du Caire Contributes With EGP 300 Mln To MAF Loan
Banque Du Caire has approved initially to contribute with EGP 300 million to the syndicated loan arranged by the…
Bank Audi, NBD Invite Banks To Contribute To EGP 688 Mln Loan
Bank Audi and the National Bank for Development (NBD) will invite other banks to contribute to the EGP 688 million…
NBE Wrote Off EGP 12 Bln Debts In Four Years
The National Bank of Egypt (NBE) has written off debts of EGP 12 billion for the period from 2008 to the end of the…