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Banks
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 $330…
Emirates Islamic Bank Completes Integration With Dubai Bank
Emirates Islamic Bank announced that, as of November 30, 2012, it has successfully completed the integration of…
S&P’s: Egyptian Banks 8th Lowest In Risk Exposure
The Egyptian banking sector was ranked the eighth globally in terms of risk exposure, while Swiss and Canadian…
Arab African International Bank’s 9-Month Net Profit 16.2% Up
The Arab African International Bank’s (AAIB) net profit rose by US$ 15.4 million (16.2%) in the first nine months…
SFD In Talks With Agriculture Ministry For Financing Micro-Enterprises
The Social Fund for Development (SFD) mulls partnership with the Ministry of Agriculture for financing micro…
SFD Places Job Creation As Top Priority
Social Fund for Development (SFD) has placed job creation as a top priority, said Ghada Wali, secretary general of…