Saudi Arabia extends Aid Package to Egypt
Saudi Arabia will implement its financial pledges to Egypt, said Minister of Planning and International Cooperation…
HC Securities Lowers NSGB Rating To Neutral
HC Securities lowered its rating on National Societe Generale Bank SAE (NSGB) to "neutral," after Egypt's…
EFG Hermes, QInvest Enter Into Definitive Agreement
EFG Hermes Holding S.A.E (EFG Hermes ) (HRHO.CA) and QInvest L.L.C. (QInvest) are delighted to announce that they…
Omani Experts: Islamic Banks Need Liquidity Management Tools
Oman's Bank Muscat CEO AbdulRazak Ali Issa, stressed the need of Islamic liquidity management instruments. A…
Egypt’s Parliament votes on banning Coming President Keep Trying Civilians
Egypt's parliament voted on Sunday to stop the head of state sending civilians for military trials, but rights…
China Repo Rate Drops
China's seven-day repo rate edged lower on Monday following a signal from the central bank that it will maintain…
French Banks Drops on Tax Concern
French banks tumbled in Paris trading after the election victory of Francois Hollande raised concern that lenders…
Emirates NBD Islamic Unit To Issue $500 Mln Sukuk In 2012
Emirates NBD's Islamic unit plans to issue more than $500 million sukuk this year and expects to merge with Dubai…
Numbers of Tourists Coming to Egypt treble in 2012
The number of tourists to Egypt more than trebled in February compared with the same period last year at the height…
Swiss Re obtains USD 400 million in natural catastrophe protection through bonds issued by…
Swiss Re Ltd. secures USD 400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., a…