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Money
Trade Union attacks RBS and Lloyds over “brutal” job cuts
Unite trade union has written to the government's UKFI banking body to express its anger at the latest round of job…
NBE Updates IT Structure With US$ 400m
Tarek Amer, chairman of National Bank of Egypt, said that the Bank implemented updates to its technological…
AMIG and Delta insure Kharafi’s Project in Hurghada
Arab Misr Insurance Group “AMIG” and Delta Insurance Company insured Kharafi’s tourism project in Hurghada with an…
NBE Settles Al Nasharty’s debts
National Bank of Egypt to settle the EGP 377 million debts of Amr Al Nasharty, chairman of Sainsbury‘s Group,…
Al Watany Bank’s deposits portfolio posts EGP 580m retreat in 2011
Al Watany Bank of Egypt’s deposits portfolio declined by 4.5% in value to EGP 580 million, registering EGP 12.33…
FGB launches reduced rate credit card for UAE nationals
First Gulf Bank (FGB), UAE lender, is offering new reduced- rate credit card options for Emiratis with decreased…
Munich Re with positive outlook for 2012 – profit guidance of €2.5bn
Munich Re has made a good start to 2012 and is aiming for a profit of around €2.5bn. CEO Nikolaus von Bomhard was…
Banks shares in Ethylene loan reaches $ 1.2 billion
Egyptian Company for Ethylene’s loan arrangers has provided the needed US$ 1.3 billion as the final loan agreement…
BOJ refuses to implement easing monetary policy further
The Bank of Japan held off on easing monetary policy on Tuesday after last month's surprise loosening, but board…
U.S. Fed releases stress test results on Thursday
The Federal Reserve will release on Thursday the results of its latest round of stress tests on 19 large U.S.…