Browsing Category
Money
NCB’s Net Income Reached SR3,562m In The First Half Of 2012
The National Commercial Bank announced that net income for the first half of 2012 reached SR3,562m compared to…
Bank Of Japan Affirms Recovery, Stands Pat
The Bank of Japan on Thursday reaffirmed its view that the economy will keep to a moderate recovery despite high…
Delta Insurance: Written Premiums Register EGP 102.5 Mln In FY 2011/12
Delta Life Insurance Co. had EGP 102.5 million in written premiums in group and individual insurance sectors in FY…
Al Baraka Islamic Bank To Sign Islamic Finance Contract Worth EGP 200 Mln With SFD
Al Baraka Islamic Bank plans to sign a sharia-compliant finance contract worth EGP 200 million with the Social Fund…
NBE, Banque Misr To Acquire Ruling Share In Two Factories
The National Bank of Egypt (NBE) and Banque Misr will acquire a ruling share in two factories for food industries…
Spain Will Have To Cede Most Control Of Banks
Spain will likely have to cede most control over its banks to Europe in exchange for assistance, according to a…
Wethaq Awaits EFSA’s Approval Over Road Insurance Policy
Wethaq Takaful Insurance Company awaits the Egyptian Financial Supervisory Authority (EFSA)’s approval over the…
March & Mcleannan Is The Largest Global Insurance Broker In 2011
New York-based March & Mcleannan Cos. led A.M. Best’s Review list of the top 20 global insurance brokers by…
Medicaid Insurers Turn Targets After Amerigroup: Real M&A
The takeover of Amerigroup Corp. (AGP) at the richest premium for a managed care company in 15 years is turning…
NBE To Settle EGP 500 Mln Bad Debt Owed By Abdel Wahab Kouta
The National Bank of Egypt (NBE) has given an initial approval over the settlement plan proposed by the ailing…