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Money
Arab Economic Security Tops Union of Arab Banks Agenda
Wissam Fattouh, Secretary General of the Union of Arab Banks (UAB), announced that UAB targets studying and…
NBE Settles EGP 600 Mln Debts
Tourism and real estate sectors acquires 35% of the National Bank of Egypt (NBE)’s total irregular debts portfolio…
Banque Du Caire Starts Applying Basel II Regulations
Banque Du Caire has implemented the first phase of Basel II which includes calculating adequate capital rate held…
NBE Finances Electricity Sector With EGP 5bln
Total syndicated loans, organized by National Bank of Egypt (NBE) for electricity sector during the period from…
EALB Settles EGP 700 Mln Debts, Reduces Assets To EGP 2.4 Bln
Egyptian Arab Land Bank (EALB) has settled EGP 700 million debts of some of the bank’s faltering customers at the…
Ernst & Young Launches World Takaful Report 2012 In Dubai
The World Takaful (Islamic Insurance) Report 2012, developed in collaboration with leading international advisory…
Bahrain’s Capivest Posts A Net Profit Of $12Mn In 2011
Capivest, Bahrain-based Islamic Investment Bank, announces its financial results for the year ended 31 December…
IFSB Sets New Islamic Banking Guidelines
The Islamic Financial Services Board (IFSB) has published new guidelines on liquidity and stress-testing, seeking…
CBE Offers EGP 3.5 Bln Treasury Bonds
Central Bank of Egypt (CBE) - on behalf of Ministry of Finance- will offer EGP 3.5 billion ($580 million) of…
Kuwaiti Burgan Bank Acquires Eurobank’s Turkish Unit
Burgan Bank, one of Kuwait's leading banks with a regional presence in Jordan, Iraq, Algeria and Tunisia, announced…