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Money
Barclays’ Diamond Faces Angry Lawmakers On Libor Scandal
Bob Diamond, CEO of Barclays, faces critical British lawmakers on Wednesday, a day after quitting over an interest…
Alex Bank To Inject EGP 500 Mln In Retail Loans Portfolio In 2nd Half Of 2012
Alex Bank- Intesa San Paolo targets injecting EGP 500 million in retail banking portfolio in the second half of the…
Misr Iran Loan Portfolio Falls By EGP 100 Mln
Misr Iran Development Bank (MIDB)’s loan portfolio has declined by EGP 100 million, recording EGP 3.9 billion, at…
HSBC Launches US$100 Mln Water Program
HSBC launched HSBC Water Program, a new $100 million, five-year partnership with WWF, WaterAid and Earthwatch to…
AIB Mulls Offering EGP 100 Mln Credit Facilities To SODIC.. Company Negates
The Six of October Development and Investment Company (SODIC) requested about EGP 100 million credit facilities…
NBAD Launches Operations in Malaysia
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the United Arab Emirates (UAE), launched its wholly…
EALB Settled EGP 800 Mln Bad Debts In FY 2012/13
The Egyptian Arab Land Bank (EALB) has settled bad debts worth EGP 800 million in FY 2011/2012. The bank settled…
EMRC Mulls Offering EGP 140 Mln Finances To Two Mortgage Firms
The Egyptian Mortgage Refinance Company (EMRC) studies offering credit facilities of about EGP 140 million for two…
Delta Insurance Eyes 10% Growth In Investments In FY 2012/13
Delta Insurance Co. targets achieving 10% growth in the volume of investments in FY 2012/2013. Achieving such…
IDBE Injects EGP 210 Mln To SMEs Portfolio in 2nd Half Of 2012
The Industrial Development and Workers Bank of Egypt (IDBE) considers injecting new finances of about EGP 210…