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Banks
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…
S&P affirms negative outlooks for 4 Egyptian banks
Standard & Poor's Ratings Services has affirmed its long- and short-term counterparty credit ratings on…
CIB saves EGP 300m For Hyde Park’s Loan
Commercial International Bank (CIB) is currently studying saving from US$ 200 million to US$ 300 million of the…
UAE To Test Bank Execs’ Risk Management Ability
The United Arab Emirates central bank is preparing a test to determine whether senior executives in the country's…
Emirates NBD to launch next-generation mobile payment solution – MoneyMobile
Emirates National Bank of Dubai announced today the launch of the "MoneyMobile," a contactless payment solution…
Amer keeps 132 drivers
Tarek Amer, chairman of National Bank of Egypt, retreated today from his decision to sack 132 drivers out of 150,…
