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Money
CIB To Sign Finance Contract Worth EGP 100 Mln With SFD
The Commercial International Bank (CIB) intends to sign a new finance contract worth EGP 100 million with the…
UAE Bank Assets Down Dh17bn In May
The combined assets of UAE banks declined by nearly Dh17 billion in May, the first drop in the first five months,…
Banque Misr Disbursed 87,770 Yellow Remittances Worth EGP 305 Mln
Banque Misr disbursed 87,774 yellow remittances worth EGP 305, 339, 514 in the third month of disbursing…
Visa, Mastercard, Banks In $7.25 Billion Retail Settlement
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with…
Recovery Of Bancassurance Service Is Subject To CBE’s Approval
Three insurance companies only were conducting bancassurance activity for more than five years in Egypt. Insurance…
Misr Iran Delays The Launch Of 3 New Branches To 2013
Misr Iran Development Bank decided to postpone the launch of three new branches in Delta, Upper Egypt and Suez…
TEXT-S&P Lowers QBE General Insurance Rtg To ‘A’; Outlook Stable
The regulator has approved the sale of Hang Seng General Insurance to the QBE Insurance group. Hang Seng General…
Kuwait Inflation Falls Further To 2.8% In May
Inflation in the Consumer Price Index (CPI) slowed to 2.8 percent year-on-year (y/y) in May, a further drop from…
SAIB Launches Customs Duties E-Payment Portal
Societe Arabe Internationale De Banque (SAIB) launched recently a program for electronic payment of customs duty.…
Oman Inflation Falls To 27-Month Low In May
Oman’s Annual Inflation, Based On The Consumer Price Index (CPI), Fell To 2.2 Per Cent In May 2012 - The Lowest…