Al Baraka Bank Egypt plans EGP750 million SME Lending in 2015
Al Baraka Bank Egypt plans to pump EGP 750 million to fund the country’s SME sector within 2015, CEO told Amwal Al…
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France to Fund Upgrading of Taba Airport’s Navigation Systems
The Egyptian government has signed today a €7.1 million ($8.6 million) agreement with France's public treasury to…
Al Baraka Bank: EGP200mn for Biggest Loan in Egypt Banking Sector
Al Baraka Bank Egypt will pump EGP 200 million in one of the biggest loans in the Egyptian banking sector in favour…
Russia Forecasts Economic Slump as Bailed-out Bank Gets More Funds
Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year,…
EBRD provides $50 million Trade Finance Line to Egypt’s Biggest Bank
The European Bank for Reconstruction and Development is supporting the expansion of international trade in Egypt…
JPMorgan Fund in Talks on Taking $200 Million Stake in India’s SpiceJet: Paper
A fund managed by JPMorgan Chase (JPM.N) is in advanced talks to partner with Indian carrier SpiceJet Ltd's…
Misr Iran Bank Seen Biggest Profitability by end-2014
Egypt’s Misr Iran Development Bank is expected to post profits worth 270 million Egyptian pounds (US$37.7 million)…
Al Baraka Bank eyes 3 Mini Branches, First Presence in Upper Egypt
Al Baraka Bank Egypt is planning to start its first presence in Upper Egypt area through opening a mini branch…
Russia to Help Large Borrowers As S&P Mulls Junk Rating
Russia's central bank offered on Wednesday to help top exporters refinance heavy foreign debts next year, expected…
Goldman Sachs Sells Controversial Aluminum Business to Reuben Brothers
Goldman Sachs Group Inc. on Monday ended its four-year ownership of its metal-warehousing unit, unloading it to an…