Browsing Category
Money
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 $23…
Three Greek Banks Eye Acquiring Crédit Agricole’s Greek Unit
Greece’s three biggest lenders – National Bank of Greece, Alpha Bank and Eurobank EFG have shown interest in buying…
Bank Of England Expands Quantitative Easing Program
The Bank of England will probably expand its so-called quantitative easing program as the debt crisis in Europe…
World Bank Cancels US$ 1.2 Bln Bangladesh Loan On Corruption Allegations
The World Bank has canceled a $1.2 billion loan for construction of a bridge in Bangladesh, saying it has credible…
United Gulf Bank’s FSR Affirmed At ‘BBB’
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Bahrain-based…
EU Approves Aid For Spain, Italy
Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to…
Bahraini Capivest, Elaf Bank, Capital Management House Announced Merge
Three Bahrain-based Islamic investment banks Capivest, Elaf Bank and Capital Management House announced their…