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Money
NBAD Appoints New GM Of Consumer & Elite Banking
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed George Beatty as the General…
Banque Misr To Announce Financial Results 2010/11 By Mid June
Central Bank of Egypt (CBE) will approve Banque Misr’s financial results for FY 2010/2011 ended in June 2011 in the…
HSBC Qatar Launches Mena Bonds, Sukuk Platform
HSBC has launched “Mena bonds and sukuks platform” offering relatively easy access for the bank’s retail customers…
Spain’s Bankia May Be Recapitalized By Govt. Bonds
Spain may recapitalize Bankia (BKIA.MC) with Spanish government bonds in return for shares in the bank which last…
Yield On 91-Day T-Bills Rose To A 15-Yr High
The average yield on 91-day treasury bills climbed to its highest in at least 15 years at an auction on Sunday,…
JPMorgan Injects $394 Mln In Chinese Arm
JPMorgan Chase & Co. (JPM), the biggest U.S. bank, increased the capital of its China unit by 2.5 billion yuan…
Demand On Sukuk Rises Despite Greek Exit Fears
While the Euro zone crisis has been weighing on investors' sentiment and on global economic prospects, the issuance…
IMF’s Lagarde “Humiliated” Greeks: Socialist Party Leader
Greece's socialist party leader says International Monetary Fund Chief Christine Lagarde has "insulted" his…
CBE Lowers RRR To 10%, Second Time in Two Months
The Central Bank of Egypt (CBE) said on Sunday it was lowering the reserve requirement on local currency deposits…
IDBE To Launch Educational Loan By 2012, H2
Industrial Development and Workers Bank of Egypt plans to launch the “education loan” by the second half of the…