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Money
Insurance Federation of Egypt
Role & Mission Insurance Federation of Egypt (established at 1953) is a consortium of insurance companies,…
Misr Iran Bank’s Deposits Fell To EGP 5 Bln
Misr Iran Bank has continued to lose its deposits as they fell by EGP one billion to register EGP 5 billion in the…
Insurance Experts Optimistic After Year Of Turmoil
Experts said insurance firms have posted bad financial results in FY 2011/2012 due to the political turmoil Egypt…
Hsbc Wins Seven Euromoney Awards For Excellence
HSBC, and its affiliate Saudi British Bank (SABB), scooped seven awards at last night’s Euromoney Middle East…
United Bank To Participate in “TICO” Loan with EGP 50 mln
The United Bank studies the participation in the loan, which both of National Bank of Egypt (NBE) and Banque Misr…
IDBE Settles EGP 425 Mln Bad Debts For 80 Customers
Industrial Development and Workers Bank of Egypt has settled EGP 425 million worth of debts for 80 ailing customers…
Delta Insurance: Compensations For Stolen Cars Reaches EGP 10 Mln Since Revolution
Delta Insurance Co. has reported 270 stolen cars with compensations of EGP 10 million from last year’s revolution…
HSBC Cuts Audi’s Rating To ‘Neutral’
HSBC Lebanon downgraded its rating on Bank Audi’s stock to “Neutral’ from “Overweight,” but maintained its…
Ex-Citigroup Executive Sentenced To 8 Years For Embezzling US$ 23 Mln
Ex-Citigroup Inc. (C) Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23…
Three Greek Banks Eye Acquiring Crédit Agricole’s Greek Unit
Greece’s three biggest lenders – National Bank of Greece, Alpha Bank and Eurobank EFG have shown interest in buying…