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Money
UAE’s National Bank Of Fujairah Q1 Profit Records Dhs64.5 Mln
National Bank of Fujairah PSC (NBF) recorded a net profit of Dhs64.5m for the three month period ended 31 March…
CIB Markets US$ 175 Mln Ethylene Loan By Mid May
Commercial International Bank plans to market its share in the loan offered to Egyptian Company for Ethylene which…
Saudi Arabia’s Banks Q1 Profit Reports SR9.6 Bln
Saudi Arabia’s 12 major banks reported a total profit of SR9.6 billion in Q1, 2012, reflecting a year-on-year…
Dubai Islamic Bank Q1 Net Profit Registers Dhs245 Mln
Dubai Islamic Bank (DIB) announced its financial results for the three months ending March 31, 2012, demonstrating…
Kuwait’s Warba Bank Signs USD 20 Mln Property Finance Deal
Kuwait lender Warba Bank (WB) has concluded a financing deal to purchase a USD-20-mln property and develop it into…
Al-Moussa To Head Kuwait Commercial Bank
Commercial Bank of Kuwait plans to appoint Ali al-Moussa as chairman and managing director.Al-Moussa will resign…
HSBC Finances Mannai Corporation Over Acquiring Damas
HSBC has announced that it acted as a Lead Financier for Mannai Corporation QSC on its successful bid to acquire…
Promise Insurance Brokerage Waits EFSA’s Approval
Promise Insurance Brokerage Company will send all the required documents to Egyptian Financial Supervisory…
EIBA Amends Unified Contract
Egyptian Insurance Brokers Association (EIBA) plans to hold a meeting with officials from Egyptian Financial…
CBE Sells T-bills For EGP 2 Bln
Ministry of Finance said the yield on treasury bills rose and the Central Bank of Egypt sold only EGP 2 billion…