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Money
JPMorgan loses $2bn trading loss on investments
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex…
EGB Q1 Profit Posts EGP 33.4 Mln
Egyptian Gulf Bank - (EGBE) reported financial results posting a net profit of EGP 33,422,919 for the period from…
Bank of Russia Leaves Key Rate Unchanged At 8%
The Bank of Russia has decided to leave its key refinancing rate at 8% at its Thursday policy meeting.The central…
French Regulator Expects Zero Growth For The First Half
The Bank of France has predicted zero growth in the French economy for the first six months of 2012.Official…
Bee Deals With AMIG Over Home Protection Insurance Policy
Arab Misr Insurance Group (AMIG) signed a deal with Bee Smart payment Solutions to offer home protection insurance…
AUB Officially Requests EFSA’s Approval On Alpha Fund Next Week
Ahli United Bank (AUB) prepared final documents of “Alpha” investment fund to be sent to Egyptian Financial…
BM & NBE Markets MAF’s EGP 3 Bln Loan
Banque Misr and National Bank of Egypt (NBE) will start marketing the EGP 3 billion long-term loan, which is…
Saudi Arabia Transfers $1 Bln to Egypt: Faiza Abu el-Naga
Saudi Arabia has transferred $1 billion to Central Bank of Egypt as an eight-year deposit, Planning Minister Faiza…
Spain Nationalizes Bankia To Overcome Crisis
Hoping to put an end to a four-year banking crisis, Spain's government effectively took over Bankia SA (BKIA.MC),…
QNB Talks To Buy Denizbank Stall
Dexia's planned sale of Turkish unit Denizbank to Qatar National Bank and HSBC is not to proceed until after an…