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Money
IDBE’s Budget Posts EGP 30 Mln Profit In FY 2011/12
The Industrial Development and Workers Bank of Egypt is finalizing the budget of the current fiscal year to be…
IDBE’s SMEs Portfolio Surged To EGP 280 Mln In June
The Industrial Development and Workers Bank of Egypt’s credit facilities portfolio offered to SMEs posted an…
Mobinil’s Loan Arrangers To Sign MoU Next Week
The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB) and HSBC, arranging a loan for…
Islamic Development Bank Signs US$ 2 Bln Co-Financing Agreement With KDB
Islamic Development Bank (IDB) signed a Framework Co-financing Agreement (FCA) with Korea Development Bank (KDB) at…
Barclays Lowers Lebanon’s GDP Forecast On Political Tensions
Barclays Capital revised downward its projection for real GDP growth in Lebanon to 3.1 percent in 2012 from an…
Lebanon’s Bank Audi Sells Stake In LIA To Saham
Lebanon-based Bank Audi finalized its sale Wednesday of a majority stake in its LIA unit – an estimated over-$100…
New Swiss Re sigma study on world insurance in 2011
Swiss Re’s latest sigma study reveals that global overall premiums declined 0.8% in real terms in 2011. While…
Bahrain Issues 10-Yr Dollar Bonds
The Central Bank of Bahrain (CBB) announces the successful launch of the latest development bond issuance of the…
Oman Sets Islamic Finance Regulations This Year
A regulatory framework for Islamic finance is taking shape in Oman as government bodies move towards meeting the…
Tunisian President Dismisses Central Bank Governor
Tunisian President Moncef Marzouki sacked on Wednesday the country's central bank governor, Mustapha Nabli,…