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Money
National Bank of Bahrain’s Net Profit Posts BD14 Mln In Q1
National Bank of Bahrain recorded a net profit of BD14.11m ($37.53m) for the first quarter of 2012 compared to…
World Bank: 75% Of The World’s Poor Are ‘Unbanked’
Three quarters of the world's poor, living on less than $2 a day, have no bank account, further driving the vicious…
Fitch Affirms UAE’s Union National Bank at ‘A+’
Fitch Ratings has affirmed Union National Bank's (UNB) Long-term Issuer Default Rating (IDR) at 'A+' with a Stable…
Saudi Arabia May Buy Egyptian T-Bills
Saudi Arabia will provide Egypt with an aid package that may include a three-year deposit or the purchase of…
Four Greek Banks Lose $37 Bln On Debt Restructuring
Greece’s four biggest banks reported a combined loss of 27.9 billion euros ($36.9 billion) for last year after…
IDBE Sells 30% of Real Estate Assets
Industrial Development and Workers Bank of Egypt (IDBE) targets to cut 30% of real estate assets portfolio, as…
Chartis Posts EGP 15 Mln Deficit In Q3
Chartis Insurance - Egypt incurred EGP 15.276 million deficit in property and liability insurance sectors in the…
Fitch Affirms 3 Turkish Foreign-Owned Banks At ‘BBB-‘
Fitch Ratings has affirmed Turkey's Finansbank A.S., Denizbank T.A.S. and Turk Ekonomi Bankasi A.S.'s (TEB)…
Egypt Makes More Progress In IMF Loan Deal
The International Monetary Fund said on Friday Egypt's government and political partners have made good progress in…