U.S. Regulator Criticizes Banks On Risk Models
U.S. Federal Reserve criticized how some of the 19 largest U.S. banks calculated potential losses and planned…
Turkey to draft Civilian Constitution
A parliamentary committee in Turkey is due to start work on the country's first fully civilian constitution. The…
Saudi CMA, MSCI Inc To Reintroduce Stock Indexes
Saudi Arabia's Capital Market Authority, or CMA, said Monday it has singed an agreement allowing widely followed…
UAE’s NBAD In Talks Over Lending Limit
National Bank of Abu Dhabi is in discussions with the United Arab Emirates' central bank over proposed lending caps…
Europe Stocks Slightly Lower, FTSE 100 Higher
European stocks were slightly lower on Tuesday, as most bourses were closed for May Day. The Stoxx 600 index…
European Countries mark Labor Day with Protests
Labor demonstrations marking May Day are taking place across the world, with the main focus on Europe and its…
Mobinil Swings To Q1 Losses of EGP 74 Mln
Egyptian Company for Mobile Services (Mobinil) (EMOB.CA) Monday swung to a first-quarter net loss of 74 million…
Gras Savoye Launches A New Insurance Consultancy Company In Egypt
Gras Savoye Insurance Group still targets expanding in Egypt by forming a third company, despite the economic…
Nikkei Falls 1.8%, Lost 5.6% In April
Japan's Nikkei share average shed 1.8 percent to hit a 2-1/2 month closing low on Tuesday, hurt by uncertainty on…
Saudi- Egyptian Diplomatic Tensions not to affect Financial Aid
Farouk el-Okdah, the governor of the Egyptian central bank has said diplomatic tensions between Egypt and Saudi…