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Banks
Banque Misr postpones expansion plans in Syria and Sudan
Banque Misr postponed its plans to expand in Syria and Sudan because of the political unrest in Syria as well as…
NBAD Reduces Water Consumption 43%
The National Bank of Abu Dhabi, the Number One Bank in the UAE, has reduced water consumption by 43% in 2011…
NBE Studies Offering EGP 60m Islamic Finance for SMEs
National Bank of Egypt (NBE) studies offering Islamic credit facilities for 4 customers in SMEs ranging from EGP 50…
HSBC Canada Shuts Consumer Finance Business, Cutting 500 Jobs
The Canadian arm of HSBC Bank will wind down its consumer finance business and lay off about 500 employees after…
Emirates NBD Launches 5-year US$1 bn Bond
Emirates NBD, Dubai's biggest bank, launched a $1 billion five-year bond on Wednesday, joining other Gulf borrowers…
Bank Muscat Allocates RO150m for Islamic Banking Services
Bank Muscat has assigned RO150mn capital for its proposed Meethaq Islamic banking window. The final allocation will…
Egyptian for Ethylene’s loan agreement to be signed on Thursday
Banque Misr, National Bank of Egypt and Banque du Caire decided to sign the bridge loan agreement arranged for…
ABC Posts 19% Profit Growth
Arab Banking Corporation’s (ABC) loan and credit facilities portfolio declined by 6.5% in value to EGP 100 million,…
CBE Reduces Corridor Rate By 0.5% After 3-Year-Fixation
Monetary policy committee at Central Bank of Egypt (CBE) plans to reduce lending and deposit rates “Corridor rate",…
ABG approves distributing US$ 175m as cash dividends and bonus shares
Al Baraka Banking Group B.S.C (ABG) has approved the recommendations of the Board of Directors to pay cash…
