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Money
Banque Misr Posts EGP 515 Mln In FY 2010/2011
Banque Misr achieved net profit of EGP 515.2 million in the fiscal year ended in June 2011, compared with EGP 509.6…
CI Affirms Lebanon’s Byblos Bank FSR At ‘BBB-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Byblos Bank-SAL's…
EIBA Discusses Final Reforms On The Unified Contract
Egyptian Insurance Brokers Association (EIBA) has made some reforms on the unified contract in its first meeting…
Qatar-Based Directors Quit Syrian Bank On Sanctions
The Qatar-based directors of Syria International Islamic Bank (SIIB) resigned their roles at the behest of the…
Volcker Seeks Overhaul On Global Capital Flows
Former Federal Reserve Chairman Paul Volcker, the namesake of U.S. rules designed to rein in banks’…
CI Affirms KSA’s Al Rajhi Bank Rating At ’AA-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed the ratings of Al…
Egypt Hosts 40th African Insurance Organization Conference In May 2013
Egypt to host the 40th Conference of the African Insurance Organization (AIO) in May 2013, as Amwal Al Ghad had…
EU Banks Need Credible Refunding Mechanism: ECB’s Draghi
A credible mechanism is needed for recapitalizing euro zone banks and improving oversight in order to address the…
Swiss Re Sells US Admin Re® Company (REALIC) To Jackson National Life Insurance
Swiss Re sells its US Admin Re® holding company (REALIC) to Jackson National Life Insurance for USD 0.6 billion in…
UAE Imposes No Limit On Credit Card Interest Rates
The Central Bank of UAE has decided to not impose any limit on credit card rates, following a meeting with the…