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Net Operating Income of Al Baraka Bank Egypt Rises by 54% in 2011
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced that it had…
World Bank Launches New Lending Strategy For Turkey
The World Bank on Tuesday launched a new lending strategy for Turkey, providing up to US$4.45 billion over the next…
UAE’s UNB To Fund SMEs
Dubai Abu Dhabi headquartered Union National Bank (UNB) is instituting a new award targeted at small and mid-sized…
Saudi’s NCBC To Launch 4 Funds This Year
NCB Capital, the investment arm of National Commercial Bank - the Saudi Arabia’s biggest bank by assets - plans to…
Foreign Investors Are Wary of Raising Exchange Rates; Bankers
Banking experts demanded that exchange rate shall be determined by supply and demand factors…
Egypt’s Reserves Exhausted On Political Tensions
The war of words that erupted this week between the ruling military council and the Muslim Brotherhood means an IMF…
Barclays Had Encouraging 2012 Start
Barclays Chief Executive Bob Diamond said the bank has had an "encouraging" start to the year, across key areas…
SocGen cuts CEO’s 2011 bonus by 43%
Societe Generale SA cut its chief executive's bonus by 43% in 2011, a year in which the French bank's net profit…
AlBaraka announced the dividends distribution
AlBaraka Banking Group B.S.C. (ABG) has announced the distribution to shareholders (as of AGM date 21 March 2012)…
Banque Misr Studies Guarateeing Egyptian Refining By US$ 130 mln
Banque Misr is currently studying the possibility of participating with US$ 130 mln in letters of guarantee (LG)…