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Banks
Dubai’s ENBD Says To Complete BNP Paripas Egypt Buy By Mid-May
Emirates NBD, Dubai's biggest bank, plans to complete its acquisition of French lender BNP Paribas' Egyptian…
Central Banks Load Up On Equities As Low Rates Kill Yields
Central banks, guardians of the world’s $11 trillion in foreign-exchange reserves, are buying stocks in record…
HSBC Job Cuts May Draw Labor Strike: Report
Unions are threatening strike action after HSBC (HBC.LN) announced more than a thousand job cuts in the wake of new…
Suez Canal Bank Raises Net Income To EGP 440 Mln In 2012
Suez Canal Bank’s general assembly approved yesterday the financial statements for 2012 which reveal that the…
Bank Of China Profit Up 8.2%
Bank of China Ltd. said Thursday first-quarter net profit rose 8.2%, thanks to healthy growth in net-interest…
Barclays Pledges Better Regulator Relations In Review Response
Barclays Plc (BARC), hosting its annual meeting today, pledged to improve the U.K. bank’s relationship with…
Emirates NBD Q1 Net Profit Jumps 31%
Emirates NBD, Dubai's largest bank by market value, on Thursday said its first-quarter net profit rose 31 percent…
Industrial Development Bank’s SME Finances Hit EGP 368 Mln At End-March
The Industrial Development and Workers Bank of Egypt has raised finances offered to small and medium-sized…
Finance Ministry Raises EGP 7 Bln In 182-, 357-Day T-Bills
The Egyptian Ministry of Finance sold 182- and 357-day treasury bills worth EGP 7 billion on Wednesday. The…
EALB Negotiates Defaulter To Settle EGP 45 Mln Bad Debt
The Egyptian Arab Land Bank (EALB) conducts negotiations with a defaulting customer in the medical sector to settle…