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Industrial Development Bank Receives EGP 100 Mln Cash On Settling Debts
The Industrial Development and Workers Bank of Egypt received EGP 100 million cash after settling debts worth EGP…
Faisal Bank: Musharaka, Mudaraba Transactions Registered EGP 2.8 Bln In H1
Faisal Islamic Bank of Egypt said the value of Musharaka (Islamic joint venture) and Mudaraba (Islamic venture…
NBE In Talks With Greek Lender Over €500 Mln Finance
The National Bank of Egypt (NBE) is conducting negotiations with Greek financial institutions to receive financing…
Barclays Makes GBP500 Million Betting On Food
Barclays PLC , has made as much as half a billion pounds in two years from speculating on food staples such as…
Bank Muscat’s ‘Borrow Wisely’ Campaign Evokes Strong Response
Leading media persons and social dignitaries have lauded bank muscat's initiative for launching the 'Borrow Wisely'…
Kuwait Financial Centre Launches Its Own Business Intelligence Platform
KUWAIT Financial Centre ( Markaz ) launched its research arm, Marmore MENA Intelligence Private Limited (Marmore),…
GCC Banking Sector Profits Hit $12b In H1
The GCC banking sector continued to grow rapidly in the first half of 2012 with profits reaching $12 billion, an…
NBAD Targets New Markets
The National Bank of Abu Dhabi , or NBAD , will continue to focus on organic growth to expand its operations in the…
HSBC China PMI Falls To Lowest Since March 2009
An index of China’s manufacturing activity fell to 47.6 in August on a 100-point scale, down from July’s 49.3 and…
Egypt’s Foreign Reserves Rose US$ 700 Mln On Qatari Deposit
Egypt’s foreign cash reserves rose by US$ 700 million, registering US$ 15.1 billion in August, up from US$ 14.4…