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Money
Misr Iran Eyes EGP One Billion Increase in Deposits Portfolio By 2012
Misr Iran Bank aims at increasing its deposits portfolio by EGP one billion to reach EGP 6.5 billion this fiscal…
Finance Ministry Launches 10-Year Bonds
Ministry of Finance aims to sell 10-year bonds for the first time since the start of its revolution more than a…
United Gulf Bank Backs Bahrain Banks At 2012 IMF / World Bank Meetings
Bahrain-based United Gulf Bank B.S.C. (UGB), the asset management and investment banking subsidiary of the KIPCO…
Global Payments Dropped by Visa As 1.5 million Card Numbers Stolen
Visa Inc (V.N) has dropped payment processor Global Payments Inc (GPN.N) from its list of approved service…
Goldman Sachs Launches $3 Bln Property Debt Fund
In a move to take advantage of a growing shortage of real estate financing across the UK and Europe, a private…
Canada Banks May Tap Wealth Funds
Facing higher capital requirements to meet requirements under the Basel III capital rules for global lenders,…
NBAD’s Sarkar To Retrun To Emirates NBD As Retail Head
Suvo Sarkar, a veteran regional banker, will return to Emirates NBD as head of its retail group after leaving…
UAE’s FNC Calls For Standardizing Sharia Banking Systems
As the different Sharia systems followed by Islamic banks in the United Arab Emirates have left many customers…
CIB Studies Loan Offered To Egyptian Refining Company
Commercial International Bank (CIB) studies participating in letters of credit (LC) and letters of guarantee (LG)…
Hugo Baenziger Likely To Be Board Member at Swiss National Bank
Deutsche Bank's outgoing chief risk officer Hugo Baenziger is the favorite to become the third board member of the…