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Banks
Egypt Govt Approves Law Allowing Islamic Bond Issues
The Egyptian government approved a draft law on Wednesday that will allow the state and private borrowers to issue…
Suez Canal Bank’s Islamic Banking Transactions Hit EGP 950 Mln At End-2012
Suez Canal Bank’s Islamic banking transactions reached EGP 950 million at the end of 2012, registering an annual…
SAIB Withdraws From Consortium Financing Egyptian Steel Group
Société Arabe Internationale de Banque (SAIB) withdrew from the consortium arranging EGP EGP 1.07 billion loan for…
CBE Offers US$ 40 Mln To Local Banks At FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday, with a maximum of US$ 6 million…
Standard Chartered Fined By Taiwan After Employee’s Embezzlement
Standard Chartered Plc (STAN) was fined NT$5 million ($168,500) for inadequate internal controls after an employee…
JPMorgan To Cut Up To 17,000 Jobs By End Of 2014
JPMorgan Chase & Co said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6…
NSGB Assigns HC Securities As Financial Adviser For QNB Deal
National Société Générale Bank (NSGB) has assigned HC Securities as independent financial adviser for the offer…
NBE Offers Al-Watania Poultry EGP 200 Mln Islamic Finance
The National Bank of Egypt (NBE) has approved to grant Al-Watania Poultry a Murabaha worth EGP 200 million. Sources…
Egyptian Arab Land Bank To Launch New Branch In Suez
The Egyptian Arab Land Bank (EALB) studies to launch a new branch in Suez City in 2013, raising the number of its…
Fitch Rates ADCB’s Updated GMTN Programme And Tier 2 Note Issue
Fitch Ratings has assigned Abu Dhabi Commercial Bank's (ADCB) updated $7.5bn GMTN programme an expected rating of…