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Bank Aljazira First Saudi Bank To Invest In Kingdom Sports Industry
Bank Aljazira becomes the first Saudi bank to invest in the sports industry in Saudi Arabia under an agreement it…
Sukuk Will Attract Billions Of Dollars From International Banks: El-Beltagy
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, stated that many international banks await…
El-Mansoury Calls For Banning Foreigners From Investing In Sovereign Assets
Emad El-Mansoury, head of credit sector at the United Bank, demands the amendment of the sukuk draft law to ban…
Ashmawy Calls On Implementing A Method Of Calculating Return On Sukuk
Before bringing into effect the sukuk law, the Egyptian policy makers shall consider a number of issues such as how…
NBE Starts Offering Musharaka Finance For SMEs
The National Bank of Egypt (NBE) will begin offering Musharaka finance for small and medium enterprises (SMEs)…
Blom Contributes US$ 25 Mln To Loan For Egyptian Ethylene Co.
Blom Bank Egypt has approved to contribute US$ 25 million to the US$ 1.250 billion loan arranged by the National…
ABC To Increase Loan Portfolio By EGP 1 Bln In 2013
The Arab Banking Corporation-Egypt’s portfolio of loans and credit facilities registered EGP 2 billion, while its…
Citigroup To Seek Permission To Buy Back Shares
Citigroup Inc (C.N) is planning to ask regulators for permission to buy back a "minimal" number of shares, the Wall…
Credit Suisse Plans New Asset-Backed Bonus Scheme
Credit Suisse is preparing to offload more risk exposure to staff in its 2012 bonus giveaway but significantly…
HSBC Egypt Stops Online Foreign Currency Service
HSBC Bank Egypt stopped the foreign currency operations through the internet banking service temporarily because of…