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Money
Spain Requests $125 Bln Bailout
Spain became the fourth euro member to seek a bailout since the start of the region’s debt crisis more than two…
NBE Signs Three Loan Agreements Worth EGP 450 Mln With SFD
The National Bank of Egypt (NBE) has signed three finance agreements worth EGP 450 million with Social Fund for…
UAE’s ADIB Launches Islamic Bank In UK
ABU Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced Saturday the expansion…
United Bank’s SMEs Portfolio Registers EGP 250 Mln In May
United Bank’s SMEs portfolio rose to EGP 250 million at the end of May, from EGP 200 million at the end of 2011.…
NBE Considers Financing 19,000 Bakeries In Using Natural Gas
The National Bank of Egypt (NBE) mulls financing the conversion of 19,000 mazot-fuelled bakeries in Cairo to…
Euromoney Names Citi ‘Best Investment Bank In The Middle East’
In a clear vote of confidence in the bank’s regional capabilities, Euromoney Magazine recently named Citi ‘Best…
Arrangers Of Egyptian Company For Ethylene’s Loan Signed Terms Sheet
Arrangers of the syndicated loan to be offered to Egyptian Company for Ethylene have signed the terms sheet of the…
Egypt’s Urban Consumer Inflation Eases To 8.3% In May
Egypt's urban consumer inflation eased to 8.3 percent in the 12 months to May from 8.8 percent in April, Central…
S&P Affirms GIC’s Rating At A-; Outlook Stable
The Managing Director and CEO of Gulf Insurance company "GIC" Mr. Khalid Al-Hassan confirmed that GIC has received…