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Money
Banque Misr Plans Reducing NPLs To EGP 10.5 Bln By June’s End
Banque Misr targets reducing its non-performing loans portfolio to EGP 10.5 billion by the end of FY 2011/2012 to…
Chartis Egypt Insurance Moves To Mohandseen On Cost-Cutting Plans
Chartis Egypt Insurance Co. plans to move to its old headquarters in Mohandseen by the beginning of the new fiscal…
Barclays Expands Corporate Banking In Arab Gulf Region
Barclays Bank PLC announced that it is continuing to expand its corporate banking offering through the expansion of…
A.M. Best Affirms Jordanian Arab Orient Insurance’s Rating At BBB+
A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of B++ (Good) and the issuer…
Saudi Islamic Development Bank Prices US$ 800 Mln Sukuk
Saudi-based Islamic Development Bank (IDB) priced an US$800 million five-year sharia-compliant bond, or sukuk, on…
AUB Named “Best Bank In The Middle East” By Euromoney
Ahli United Bank has been named "Best Bank in the Middle East" by leading international finance magazine Euromoney.…
3 New Companies Enters Egyptian Insurance Market By New Fiscal Year
Suez Canal Life Insurance, Delta Life Insurance and Takaful Company will be starting their activities by the…
NBE Considers EGP 1.9 Mln Syndicated Loan For Roads & Land Transport Authority
National Bank of Egypt (NBE) mulls arranging a syndicated loan for the General Authority for Roads, Bridges &…
Turkiye Is Bankasi Finalizes Piraeus-Egypt Due Diligence
Turkiye Is Bankasi A.S. has finalized the due diligence process that began last April aiming at evaluating Piraeus…
Suez Canal Insurance Receives 250 Claims For Stolen Cars Since Revolution
Suez Canal Insurance Company received 250 claims for stolen cars since last year’s revolution. Mohie EL Din Nassar,…