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Banks
SME Insurance Cost Percentage Has To Be Changed: Abdel Raouf Kotb
Abdel Raouf Kotb, chairman of the Insurance Federation of Egypt (IFE), suggested changing the insurance cost…
Egypt’s Foreign Cash Reserves Drop US$448 Mln At End Of November
Egypt’s foreign cash reserves dropped US$ 448 million to reach US$ 15.035billion at the end of last November,…
QNB Group Receives Two Top Awards From The Banker
QNB Group, the largest financial institution in the State of Qatar, and the MENA region, has been awarded the ‘Bank…
CBE Expected To Leave Interest Rates Steady For The Eighth Time
The Monetary Policy Committee at the Central Bank of Egypt (CBE) will hold its regular meeting today to discuss…
Citigroup To Cut 11,000 Jobs, Take $1 Bln Charge
Vikram Pandit hired thousands of employees and invested billions of dollars as he sought to boost Citigroup Inc.…
Standard Bank Finalizes Sale Of Argentina Operations To ICBC
Standard Bank Group Ltd. (SBK), Africa’s largest lender, completed the sale of an 80 percent stake in its Argentine…
Barclays To Boost Absa Stake In $2.1 Bln Transaction
Barclays Plc. (BARC), the second-largest U.K. bank, said it will increase its stake in Absa Group Ltd. (ASA) to…
Standard Chartered Sees $330 Mln Iranian Settlement
Standard Chartered Plc (STAN), Britain’s second-largest bank by market value, said it expects to pay about $330…
Emirates Islamic Bank Completes Integration With Dubai Bank
Emirates Islamic Bank announced that, as of November 30, 2012, it has successfully completed the integration of…
S&P’s: Egyptian Banks 8th Lowest In Risk Exposure
The Egyptian banking sector was ranked the eighth globally in terms of risk exposure, while Swiss and Canadian…