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Money
Kuwait Issues New Guidelines On Governance Of Banks
"Within the effort aimed at keeping up with the latest in international banking supervisory criteria meant to…
Banque Du Caire Regains Position Through A 3-Yr Ambitious Strategy: El Zahed
Mounir El Zahed, chairman of Banque Du Caire, revealed the bank’s strategy for the next three years which targets…
Oman’s Govt. Bond Witnesses High Demand
The Central Bank of Oman's RO100 million- government development bond issue, which closed subscription on June 14,…
4 Banks To Offer Alex Hospitals EGP 1.5 Bln Loan
Four Egyptian banks will participate in an EGP 1.5 billion syndicated loan to finance the construction of the EGP…
A.M. Best Downgrades Issuer Credit Rating of Arab Misr Insurance Group S.A.E.; Revises…
A.M. Best Europe – Rating Services Limited has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and…
Fitch Lowers 3 Egyptian Banks’ Rating To ‘B+’; Outlook Negative
Fitch Ratings has downgraded Egypt-based National Bank of Egypt (NBE), its wholly-owned subsidiary, National Bank…
Deposits Return To Greek Banks After Elections
Deposits are trickling back to Greek banks after a conservative victory in Sunday's election assuaged fears the…
Al Ghurair Calls On UAE To Cut Reserve Requirements
A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve…
Al Ansari Exchange Accepts Bills Payments From UNB’s Credit Card Holders
Al Ansari Exchange, the UAE's largest money exchange network that provides worldwide remittance and foreign…
CBE Sells US$526 Mln T-Bills
The Central Bank of Egypt (CBE) sold US$526 million in one-year U.S.-dollar-denominated treasury bills on Tuesday,…