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Money
Egypt Participates In Arab Insurance Conference
Egypt is participating in the 29th Conference of General Arab Insurance Federation in Marrakech, Morocco from 21st…
Citibank Bahrain Launches Mobile Banking Service
Citibank Bahrain launched Citi Mobile, a banking service that allows customers to access their bank accounts using…
Arab Gulf Banks Recover After A Year Of Stagnation
The banking industry in the Middle East witnessed a healthy revenue growth of seven per cent in 2011 after a year…
Gras Savoye’s Hamed Mabrouk: 20 Insurance Brokers To Go Bankrupt In 5 Years
Hamed Mabrouk, managing director of Gras Savoye Insurance Brokerage Company, expected that 20 out of 33 insurance…
Barclays Faces Revolt Over Bob Diamond’s Pay Package
Shareholders’ anger over the pay of Barclays’ CEO Bob Diamond is set to prompt a rebellion at its annual meeting…
Israel’s Clal Insurance Looks To Sell U.S. Unit
Israel's Clal Insurance Enterprises Holdings (CLIS.TA) said on Sunday it has signed a non-binding letter of intent…
Ahli United Bank Raises Capital By 50%
Ahli United Bank-Egypt, subsidiary of Bahraini Ali United Group, raised its paid up capital by 50%, reaching EGP…
Oman’s Muscat Finance Approves 20% Dividend
Omani Muscat Finance, the pioneer in auto finance, equipment leasing, working capital finance and debt factoring…
CBE: Banks Disbursed EGP 781 Mln Yellow Remittances In Two Weeks
The volume of yellow remittances disbursed in the last two weeks reached EGP 781 million, 33% of the total volume…
NBD& Bank Audi Lead A Consortium To Finance Al-Nouran Sugar Company
A consortium led by National Bank for Development, Bank Audi, Banque Misr and Arab Banking Corporation are set to…