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Money
Piraeus Bank To Sell Egypt’s Unit
Five parties from Middle East and North Africa are attracted to acquire Greece's Piraeus Bank arm in Egypt, valued…
Wethaq Insures Electric Cable Company With EGP 300 Mln
Wethaq Takaful Insurance Company signed an EGP 300 million insurance policy with a company for electric cables. The…
Bank of England Maintains Interest Rate At 0.5%
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank…
Misr Iran’s Retail Portfolio Registers 15 Mln At The End of Q1
Misr Iran Bank’s retail portfolio rose by EGP two million, registering EGP 15 million at the end of the first…
EFSA Approves AUB’s Islamic Mortgage Product
Egyptian Financial Supervisory Authority (EFSA) approved Ahli United Bank Group’s Islamic Sharia-Compliant mortgage…
Abdel Raouf Kotb: Medical Insurance Results In High Losses
Insurance Federation of Egypt held on Wednesday a symposium presided by Abdel Raouf Kotb for the general committee…
Kuwait’s Burgan Bank In Talks to Buy Eurobank’s Turkish Stake
Greece's EFG Eurobank (EFGr.AT) announced that it is in advanced discussions with Burgan Bank from Kuwait to sell…
UAE’s ADIB Approves 50% Cash Dividend
Abu Dhabi Islamic Bank (ADIB) approved a 24.42% cash dividend, equals to 50% of 2011 net profit, to shareholders…
Cameron Launches £600 Mln Big Society Fund
British Prime Minister David Cameron Wednesday launched his Big Society Bank — a £600 million fund to support…