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Money
NBD and ADIB achieve positive indicators in 2011
The National Bank for Development (NBD) in cooperation with Abu Dhabi Islamic Bank (ADIB) announced its 2011…
11 Banks Give EGP 491 Million Loan To West Damietta Plant
National Bank of Egypt will sign an EGP 491 million joint loan contract next week with East Delta Electricity…
AMIG and Delta insure Marsa Alam Airport with EGP 600m
Arab Misr Insurance Group “AMIG” and Delta Insurance Company signed an insurance contract to insure Marsa Alam…
Greece’s Alpha Bank calls off merger plans with Eurobank
Alpha Bank (ACBr.AT) has scrapped plans to tie up with rival Eurobank (EFGr.AT) in what would have been Greece's…
NBAD approves distribution of 30% cash dividends and 35% bonus shares
The National Bank of Abu Dhabi's (NBAD) annual general meeting (AGM), held today at the Emirates Palace in Abu…
A.T. Kearney affirms recovery of GCC banks’ profitability
After years of hyper-speed growth, GCC banks then had to pass the test of the economic crisis and now must prepare…
Al Baraka Bank Distributes 15% Dividends
Al Baraka Bank Egypt decided to distribute 15% of its paid-up capital as dividends to shareholders after increasing…
Lawsuit against Zewail, Okdah and Amer postponed to March 21st
Qasr el-Nil Court of Misdemeanors, headed by Ehab Yousry Abu Zaid, postponed the lawsuit raised by a researcher at…
SFD: EGP 16.5bn investments in 20 years
Ghada Wali, general secretariat of Social fund for Development, announced that the investments volume of SFD since…
Banque Misr Keeps EGP 700m From Futtaim’s Loan
Banque Misr is currently studying to keep a share, ranging from 600 to 700 million, of the loan arranged with…