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Money
CBE: Banks’ Investments In T-Bills Registered EGP 357 Bln In March
Egyptian Banking Sector’s investments in treasury bills registered EGP 357.05 billion at the end of March, up from…
NCB Capital: Saudi Banks’ Loan Growth Will Boost Profits
Profit growth for Saudi banks in 2012 will be driven by strong growth in loan volumes, particularly in the retail…
UK’s Standard Chartered Expects MidEast To Raise Funds In Yuan
Standard Chartered Plc (STAN), the U.K.’s second-biggest bank by market value, expects more companies in the Middle…
CBE: 182-Day T-Bills Registers A Decade-High Record
Central bank of Egypt (CBE) said the average yield on 182-day treasury bills rose to its highest in at least a…
Chinese Banks To Comply With Basel III Accord In Jan. 2013
China on Wednesday decided to put its lenders under the regulatory supervision within the Basel III framework -- a…
CBE: Deposits Exceed EGP 1 Trillion by Q3
The volume of deposits at the Egyptian banking sector rose by 1.5%, EGP 15.5 billion, registering EGP 1.004…
Insurance Companies Posted EGP 237 Mln Premiums In February
Insurance companies (life and property) in Egypt posted underwritten premiums of EGP 237 million in February, and…
Chartis Launches Three New Travel Insurance Products At Annual Celebration
Chartis Egypt Insurance Co. has held its annual celebration in presence of some of the travel companies it works…
EALB Eyes EGP 1.4 Bln Increase In Deposits Portfolio By End Of FY 2012/13
Egyptian Arab Land Bank (EALB) plans to increase its deposits portfolio by EGP 1.4 billion to resister EGP 18.4…
Qatari Banks’ Reliance On Foreign Banks Registers A Record On Preparation For World Cup
Qatar banks’ reliance on foreign lenders has risen to a record this year as their funding is stretched by the surge…