Morgan Stanley Cut Facebook Estimates Just Before IPO
In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly…
Banque Misr’s Car Loans Reaches EGP 200 Mln
Banque Misr’s car finances rose to EGP 200 million at the end of last April and “White Taxi” finances registered…
Amer Group Submits a Disclosure Form On Capital Reduction: EFSA
The Egyptian Financial Supervisory Authority (EFSA) announced that Amer Group Holding (AMER.CA) placed a disclosure…
G8 plans to aid Arab Spring Economies
Industrialized nations have stepped up plans to help countries swept up in the Arab Spring rebuild their economies…
Qatari Barwa Bank Invests In Brazil WTC
TFI-Hines Brazil Income Real Estate Fund, a joint initiative of Barwa Bank subsidiary, The First Investor (TFI),…
Bank Muscat Raises RO38.5 Mln From Oman’s First Money Market Mutual Fund
Bank Muscat, the largest financial services provider in Oman, is aiming to raise up to RO38.5mn from the…
Egypt’s Ruling Army Raises Diesel Imports
Egypt's military rulers plan to spend close to $1 billion on diesel this summer, a spike in imports as they brace…
Egypt Buys 1.1 Mln Tonnes of Local Wheat: Official
Egypt has bought 1.1 million tonnes of local wheat so far in the 2011/2012 season despite diesel shortages that…
JPMorgan Veered From Hedging Rules
JPMorgan Chase & Co. (JPM)’s biggest U.S. competitors say their corporate investment offices avoid the use of…
Kuwait bans Travel to Lebanon
The Gulf state of Kuwait on Monday urged its citizens to avoid travel to Lebanon and also asked those already…