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Money
Moody’s may downgrade banks, including UBS, Morgan Stanley
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in…
World Bank boss quits setting up fight for role
World Bank president Robert Zoellick announced that he would step down at the end of June, setting up a possible…
CBE launches first database for 36 thousand SMEs
Central Bank of Egypt (CBE) launches the first database for more than 36 thousand SMEs available at the Banking…
Misr Iran Development Bank to sign EGP 100 m contract with Social Fund next week
Misr Iran Development Bank will sign EGP 100 m contract with Social Fund for Development next week to finance and…
Supreme Administrative Court postponed appeal on cancelling Omar Effendi’s sale to April…
Egypt’s Supreme Administrative Court postponed the appeal on the cancellation of Omar Effendi’s deal, submitted by…
CBE: monthly inflation rate increases as a result of food materials prices increases
Central Bank of Egypt (CBE) said that the monthly increase in inflation rate in January 2012, estimated to be…
Delta Insurance co. insures Alex Bank’s personal loans customers by EGP 4 bn
Delta Insurance co. signed an insurance contract to insure 130 thousand customers of Alex Bank’s personal loans.
Emirates NBD sees 62% plunge in Q4 profits
Emirates NBD, Dubai's largest bank, posted a 62-percent decline in fourth-quarter net profit, it said in a…
EU to ban Iran banks from using Swift
The EU intends to ban Iranian banks from conducting global financial transactions, senior US and EU diplomats have…
Legal lifeline for bankrupt firms
Dubai: Bankruptcy proceedings have an inevitable air of finality about them. They dissect the circumstances that…