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Banks
NBE raises credit facilities for tourism sector to EGP 150 m
National bank of Egypt (NBE) said that its credit facilities supporting tourism capital will be increased to EGP…
HSBC downsizing banking operations in MidEast
HSBC is scaling down its private banking operations in the Middle East, two sources told Reuters, and HSBC said its…
Barclays appoints Hofer for Africa Offshore
Barclays Wealth has announced today the appointment of Philippe Hofer as Managing Director and Market Head for…
Complaints about UK financial institutions surge
UK Financial Ombudsman body showed on Tuesday that complaints from customers dissatisfied with their financial…
A new Visa Platinum Debit card in Burgan Bank
Burgan Bank, a subsidiary of KIPCO (Kuwait Investment Projects Company), announced the launch of its new Visa…
US: Banks earnings surge in 2011
The Federal Deposit Insurance Corp. said on Tuesday that bank earnings increased by $26.3 billion in the…
Citi Launches Prepaid Visa Cards in Egypt
Citi today announced that its Global Transaction Services business has launched Prepaid Visa Card Services in…
Suez insurance insures Sedi Krir Electric Plant with EGP 2.4 billion
Suez Canal Insurance renewed the insurance policy of Sidi Krir Electric Power Plant, with value of EGP 2.4 billion.…
QBE Insurance CEO O’Halloran to step down
Frank O’Halloran will step down as chief executive officer of QBE Insurance Group Ltd. and will be replaced by…
UGB registered US$ 1.5 million in net profit for 2011
United Gulf Bank (UGB) achieved a net profit of US$1.5 million for 2011 (for the12 months ended 31 December, 2011),…
