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Banks
Citibank Disputes It Hid Dewey’s Financial Woes From Ex-Partners
Citibank is fighting claims the bank "fraudulently induced" former Dewey & LeBouef partners into signing up for…
Worth USD 450 million, Al Baraka Turk Participation Bank Conclude the Largest Islamic…
Al Baraka Turk Participation Bank, which is a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG),…
BLC Bank Net Profits Fall Nearly 36 Percent
BLC Bank reported a 35.88 percent annual drop in net after-tax profits to $15.54 million at the end of June 2012,…
Securities Held By Banks Hit EGP 555.3 Bln in June 2012: CBE
The portfolio of securities held by the Egyptian banking sector surged by EGP 17.3, registering EGP 555.3 billion…
Arrangers Of Suez Power Plant Loan To Sign Agreement Next Week
The National Bank of Egypt (NBE), Banque Misr, Piraeus Bank Egypt, Industrial Development and Worker Bank of Egypt…
Ringgit Sukuk Potential Big
Several recent landmark corporate and infrastructure sukuk by companies in the GCC issuing in Malaysian ringgit may…
GCC meet on banking
The Sultanate will take part tomorrow in the 55th meeting of the GCC Governors of Monetary Institutions and Central…
NBE Collects EGP 49 Mln In Taxes Electronically In July
The National Bank of Egypt (NBE) succeeded in collecting about EGP 49 million in taxes electronically in July 2012,…
Egyptian Gulf Bank Launches Islamic Banking Unit
The Egyptian Gulf Bank (EGB) targets to launch an Islamic banking unit in the upcoming period. The new unit will…
Yields Slide At Egypt 182, 357-Day T-Bill Auction
Average yields fell sharply on 5.5 billion Egyptian pounds ($902.53 million) of treasury bills auctioned by Egypt's…