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Banks
AAIB launches Tax Exempt Gozour Fund
Arab Africa International Bank (AAIB) has launched its newest mutual fund “Gozour” which is investing in fixed…
CBE Fixes Interest Rate For The Second Time In 2012
Monetary Policy Committee of Central Bank of Egypt (CBE) decided in its meeting on Thursday to fix deposit and…
Fattouh: Economic Safety On The Top Of Union Of Arab Banks Conference Agenda
Union of Arab Banks is organizing "Arab Banking Conference 2012" under the name of “Challenges of the Arab Economic…
Finance Ministry Offers 182- and 357-day T-Bills Worth EGP 6.5 bn
Ministry of Finance has announced on Thursday selling 182-and 357-day treasury bills worth EGP 6.5 billion in an…
Experts: Reducing Interest Rates Is An Urge To Boost Foreign Investment
Money market experts demanded reducing interest rates in Egypt so as to increase foreign investments that will in…
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…
