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Banks
HSBC Sells Insurance Units for $914m
HSBC Holdings Plc (HSBA), Europe’s largest bank by market value, agreed to sell some of its general insurance units…
Qatar National Bank to be dividend distribution agent for Industries Qatar
Qatar National Bank (QNB) has been appointed as the official Dividend Distribution Agent for Industries Qatar, a…
EGB Approves Its 2011 Financial Results on March 29
Egyptian Gulf Bank will hold an ordinary general assembly on March 29th to approve its financial results for the…
AUB Wealth Fund records 220% of its capital
Ahli United Bank’s Wealth Fund, the Bank’s first investment fund, registered a coverage rate of 220%. The Fund’s…
Takaful Emarat launches capital-protected fund
Takaful Emarat, the UAE-headquartered Shariah-compliant life and health insurance company, is joining forces with…
Fitch gives ‘A’ rating for Qatar-Based Doha Bank’s EMTN programme
Fitch Ratings has assigned Doha Bank Q.S.C.'s (Doha Bank) USD2bn euro medium-term note (EMTN) programme a Long-term…
UAE’s bank deposits rise 1.5% in 2011
UAE's Central Bank announced today that total bank deposits in the country increased by 1.5% during the month of…
ABC with LE 35 m profit in 2011
Arab Banking Corporation achieved EGP 35.004 million in pre-tax net profit in 2011, compared with EGP 29.417…
Fitch: the slowing fall of Egypt FX reserves is “encouraging”
The slowing pace of the fall in Egyptian foreign exchange reserves in February is encouraging, but the continuing…
NBD Retail registered EGP 1.6 billion in 2011
National Bank for Development’s (NBD) retail banking finance portfolio rose by 25.2%, in value to EGP 400 million,…