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Money
Foreign Reserves Surge By US$ 300 Mln In May
Central Bank of Egypt (CBE) said foreign reserves rose by US$302 million in May, their second successive monthly…
NBD Offers East Delta Electricity Co. US$ 120 Mln Mudaraba Loan
National Bank for Development (NBD) has signed last week the syndicated loan agreement targeted for East Delta…
HSBC Egypt Partners With Cairo Government To Develop Slums
HSBC Egypt is executing four stages of developing slums in Cairo in accordance with the cooperation protocol signed…
New Malaysia’s Islamic Funding Facility May Attract Gulf Banks
Malaysia's central bank is introducing an Islamic overnight funding facility which could encourage commercial banks…
Kuwait’s NBK Is Confident About The Egyptian Market
The National Bank of Kuwait (NBK) believes Egypt would remain a strategic market for its activities and optimistic…
Omani Bank Muscat Launches E-Commerce Initiative
Oman’s Bank Muscat, the largest financial services provider in the sultanate, launched Bank Muscat Souq, a new…
AUB’s Prosperity Fund Attracts EGP 270 mln Bids
United Bank announced that “Prosperity” fund, the first sharia-compliant cash fund in the Egyptian market, was…
UAE’s Union National Bank Launches Home Finance Up To 90%
Abu Dhabi's Union National Bank, or UNB , has launched a newly designed home finance product offering finance up to…
AMIS Delays Health Care Program Designed For Low-Income Labors
Accountants Company for Management and Integrated Services (AMIS) decided to delay the health care program designed…
Arab Investment Bank Eyes 20% Increase In Retail Banking Portfolio
Arab Investment Bank plans to increase its retail banking portfolio by 20% in the second half of the current fiscal…