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Money
AUB: Second Stage Of IPO Starts Today
Ahli United Bank has launched today an initial public offering (IPO) of the 259946 shares which were unsubscribed…
Royal Insurance Paid EGP 27 Mln Compensations in Q3
Royal Insurance Company posted paid compensations of EGP 27 million in the third quarter of the current FY…
Visa Outperformed JPMorgan As Cards Wage War On Cash
Visa Inc. (V) and MasterCard Inc. (MA), the biggest bank-card networks, produced better risk-adjusted returns than…
EU To Form “Banking Union” On Debt Crisis
The European Union should seek to create a ‘banking union' in which lenders face tough, common rules allowing them…
Kuwait To Form An Insurance Regulatory Agency
Anas Al-Saleh, Kuwait's commerce and industry minister has said the government is set to issue 'in the near future'…
Oman International Bank To Elect HSBC Oman’s Board On Thursday
Oman International Bank (OIB) will conduct an ordinary general meeting of shareholders on May 31 to elect a new…
Euro Zone Banks In Need For A Robust Shield
As the euro zone ponders a possible Greek exit, policymakers have not yet built a shield robust enough to prevent a…
Misr Insurance Denies It Rejects Compensating Toshiba El Araby For Fire Damages
Misr Insurance Company negated what was published that it rejected paying compensations to Toshiba El Araby for…
El Baradei Settles His Brother’s Debts of EGP10 Million To EDBE, United Bank
Minister of Housing, Mohamed Fathy El Baradei has signed debt settlement agreements with Export Development Bank of…
Farouk El Okdah Left For London, No Reason Declared
Dr. Farouk El Okdah, governor of Central Bank of Egypt (CBE), left for London, while Adel Abdel Hamid, minister of…