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Money
NBE to Arrange EGP 15 Bln Syndicated Loans For 6 Projects
The National Bank of Egypt (NBE) studies arranging a number of syndicated loans worth EGP 15 billion for 5 to 6…
EALB: Loans, Credit Facilities Portfolio Registered EGP 14.7 Bln In FY 2011/12
The Egyptian Arab Land Bank (EALB) said the loans and credit facilities portfolio registered EGP 14.7 billion at…
AAIB: NPLs Stood At 1.5% At H1 2012
The Arab African International Bank (AAIB) said the non-performing loans portfolio accounted for 1.5% of the total…
Delta Insurance: Alia Helmy Nominated For Managing Director Position
Delta Insurance Company said there are three candidates for the managing director position, following Yassin…
ANB Posts $ 366 M Net Profit In First Half
Arab National Bank (ANB) reported a net profit of $ 366.3 million for the first six months of 2012, compared to $…
BAJ Q2 Net Income Rises To SR 129 M
Bank AlJazira (BAJ) has announced the annual consolidated financial results for the year ended June 30, 2012. Net…
Saudi Banking Stocks Offer Hope; Petchem ‘Vulnerable’
The Kingdom’s banks have posted robust second-quarter earnings and analysts see upside for their stocks given…
HSBC Bank Holds First Board Meet
HSBC Bank Oman SAOG held its first Board of Directors’ meeting under the chairmanship of Simon Cooper, CEO of HSBC…
South Korea Central Bank Cuts Rates In Shock Move, More To Come
The Bank of Korea finally joined the global rush to ease monetary policy on Thursday, cutting its benchmark rate…
Brazil Cuts Rate For 8th Time As Recovery Falters
Brazil cut its benchmark interest rate to a record-low 8 percent on Wednesday as policymakers scramble to revive an…